Dundee Precious Metals (TSE:DPM) had its price target reduced by National Bank Financial from C$8.50 to C$6.75 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective points to a potential upside of 29.81% from the company’s previous close.
A number of other equities research analysts also recently weighed in on DPM. Scotiabank dropped their price objective on Dundee Precious Metals from C$7.00 to C$6.50 in a research report on Tuesday, February 18th. Canaccord Genuity dropped their price objective on Dundee Precious Metals from C$8.50 to C$7.50 in a research report on Tuesday, February 18th. Finally, CIBC raised their price objective on Dundee Precious Metals from C$7.00 to C$7.75 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Dundee Precious Metals presently has a consensus rating of “Buy” and a consensus target price of C$6.90.
DPM opened at C$5.20 on Wednesday. Dundee Precious Metals has a 12-month low of C$3.20 and a 12-month high of C$6.66. The company has a current ratio of 0.96, a quick ratio of 0.51 and a debt-to-equity ratio of 4.78. The business’s fifty day simple moving average is C$5.28 and its 200-day simple moving average is C$5.17. The company has a market capitalization of $700.65 million and a price-to-earnings ratio of -13.00.
Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings results on Thursday, February 13th. The mining company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.09). The firm had revenue of C$184.39 million during the quarter. On average, equities research analysts predict that Dundee Precious Metals will post 0.6700001 EPS for the current year.
In other Dundee Precious Metals news, Senior Officer David Rae sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$5.80, for a total value of C$580,000.00. Also, insider Anthony P. Walsh sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$6.20, for a total value of C$55,800.00. Following the completion of the sale, the insider now directly owns 550 shares of the company’s stock, valued at approximately C$3,410. In the last ninety days, insiders have sold 128,000 shares of company stock worth $738,072.
Dundee Precious Metals Company Profile
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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