Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Time to Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Thursday . The company traded as high as C$17.01 and last traded at C$17.01, with a volume of 36702 shares changing hands. The stock had previously closed at C$16.34.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DPM. Scotiabank lifted their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. Royal Bank of Canada boosted their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, CIBC boosted their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th.

Dundee Precious Metals Stock Down 1.5 %

The stock has a market cap of C$2.08 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company’s 50-day moving average is C$14.25 and its 200-day moving average is C$13.63.

About Dundee Precious Metals

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.