DelMar Pharmaceuticals (DMPI) Given a $12.00 Price Target by HC Wainwright Analysts

HC Wainwright set a $12.00 price objective on DelMar Pharmaceuticals (NASDAQ:DMPI) in a research note published on Thursday. The brokerage currently has a buy rating on the stock.

Separately, Maxim Group reaffirmed a hold rating on shares of DelMar Pharmaceuticals in a research note on Monday, September 11th.

Shares of DelMar Pharmaceuticals (DMPI) traded up $0.23 during trading hours on Thursday, reaching $1.68. 2,863,424 shares of the company were exchanged, compared to its average volume of 1,441,961. The company has a market capitalization of $36.18, a PE ratio of -2.43 and a beta of 0.91. DelMar Pharmaceuticals has a fifty-two week low of $0.78 and a fifty-two week high of $5.39.

DelMar Pharmaceuticals (NASDAQ:DMPI) last announced 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). research analysts forecast that DelMar Pharmaceuticals will post -0.54 EPS for the current fiscal year.

In related news, CEO Saiid Zarrabian bought 60,900 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $0.82 per share, with a total value of $49,938.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds and other institutional investors have recently bought and sold shares of DMPI. Franklin Resources Inc. bought a new stake in shares of DelMar Pharmaceuticals during the second quarter worth $2,477,000. Sabby Management LLC bought a new stake in shares of DelMar Pharmaceuticals during the second quarter worth $1,484,000. Finally, Susquehanna International Group LLP bought a new stake in shares of DelMar Pharmaceuticals during the third quarter worth $306,000. 16.91% of the stock is currently owned by hedge funds and other institutional investors.

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About DelMar Pharmaceuticals

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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