Dundee Precious Metals Inc (DPM) Stock Rating Reaffirmed by Scotiabank
Dundee Precious Metals Inc (TSE:DPM)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a report released on Thursday. They currently have a C$4.00 price target on the mining company’s stock. Scotiabank’s price objective suggests a potential upside of 70.21% from the company’s previous close.
Several other brokerages have also weighed in on DPM. CIBC boosted their price objective on Dundee Precious Metals from C$3.50 to C$4.00 in a report on Friday, February 17th. Royal Bank of Canada boosted their price objective on Dundee Precious Metals from C$3.50 to C$4.50 and gave the company an “outperform” rating in a report on Friday, February 17th.
Shares of Dundee Precious Metals (TSE:DPM) traded down 8.20% during mid-day trading on Thursday, hitting $2.35. The company had a trading volume of 727,052 shares. Dundee Precious Metals has a 52-week low of $1.87 and a 52-week high of $4.14. The stock’s 50-day moving average is $2.81 and its 200-day moving average is $2.74. The stock’s market cap is $419.33 million.
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In other news, Director Richard Allan Howes acquired 60,000 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was purchased at an average cost of C$3.06 per share, with a total value of C$183,600.00.
Dundee Precious Metals Company Profile
Dundee Precious Metals Inc is a gold mining company. The Company, through its subsidiaries, is engaged in the acquisition, exploration, development, mining and processing of precious metals. Its segments include Dundee Precious Metals Chelopech EAD (Chelopech) in Bulgaria, Dundee Precious Metals Tsumeb (Proprietary) Limited (Tsumeb) in Namibia, and Corporate and Other.
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