Zacks: Analysts Set $11.16 Price Target for DelMar Pharmaceuticals Inc (DMPI)

DelMar Pharmaceuticals Inc (NASDAQ:DMPI) has been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company.

Brokerages have set a 12 month consensus target price of $11.16 for the company and are anticipating that the company will post ($0.15) earnings per share for the current quarter, according to Zacks. Zacks has also given DelMar Pharmaceuticals an industry rank of 181 out of 265 based on the ratings given to its competitors.

Separately, HC Wainwright set a $12.00 target price on shares of DelMar Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, October 16th.

In other news, CEO Saiid Zarrabian bought 60,900 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $0.82 per share, for a total transaction of $49,938.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

An institutional investor recently bought a new position in DelMar Pharmaceuticals stock. Susquehanna International Group LLP bought a new position in shares of DelMar Pharmaceuticals Inc (NASDAQ:DMPI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 364,496 shares of the company’s stock, valued at approximately $306,000. Susquehanna International Group LLP owned 1.69% of DelMar Pharmaceuticals at the end of the most recent quarter. 17.03% of the stock is owned by institutional investors.

DelMar Pharmaceuticals (DMPI) traded down $0.06 on Friday, hitting $1.23. 362,273 shares of the company were exchanged, compared to its average volume of 997,736. The stock has a market capitalization of $25.13, a P/E ratio of -1.81 and a beta of 1.14. DelMar Pharmaceuticals has a one year low of $0.78 and a one year high of $5.39.

DelMar Pharmaceuticals (NASDAQ:DMPI) last posted its quarterly earnings data on Monday, November 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). analysts forecast that DelMar Pharmaceuticals will post -0.54 EPS for the current fiscal year.

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DelMar Pharmaceuticals Company Profile

DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.

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