Xuefeng Chen Sells 6,750 Shares of Dundee Precious Metals Inc. (TSE:DPM) Stock

Dundee Precious Metals Inc. (TSE:DPM) Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of C$17.06, for a total transaction of C$115,155.00.

Dundee Precious Metals Price Performance

DPM opened at C$17.00 on Thursday. Dundee Precious Metals Inc. has a fifty-two week low of C$8.70 and a fifty-two week high of C$17.38. The firm has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.04 and a beta of 1.20. The company’s 50 day moving average price is C$14.47 and its two-hundred day moving average price is C$13.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DPM shares. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Royal Bank of Canada upped their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. CIBC upped their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th. Finally, TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

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. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.