Shares of Dundee Precious Metals Inc (TSE:DPM) traded up 8.9% on Thursday . The company traded as high as C$3.44 and last traded at C$3.44. 128,231 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 174,283 shares. The stock had previously closed at C$3.16.
Separately, Royal Bank of Canada increased their target price on Dundee Precious Metals from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd.
Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, July 31st. The mining company reported C$0.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.03. Dundee Precious Metals had a negative return on equity of 0.87% and a negative net margin of 1.82%. The business had revenue of C$132.80 million for the quarter.
In other Dundee Precious Metals news, insider Gmt Capital Corp sold 75,360 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of C$2.50, for a total value of C$188,400.00.
About Dundee Precious Metals (TSE:DPM)
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company's principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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