HC Wainwright Reiterates $12.00 Price Target for DelMar Pharmaceuticals (DMPI)

HC Wainwright set a $12.00 target price on DelMar Pharmaceuticals (NASDAQ:DMPI) in a research report released on Thursday, January 4th. The firm currently has a buy rating on the stock.

Separately, Maxim Group reiterated a hold rating on shares of DelMar Pharmaceuticals in a report on Monday, September 11th.

DelMar Pharmaceuticals (NASDAQ DMPI) opened at $1.31 on Thursday. DelMar Pharmaceuticals has a 1 year low of $0.78 and a 1 year high of $5.39. The company has a market capitalization of $28.30, a PE ratio of -1.93 and a beta of 1,227.20.

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

In related news, CEO Saiid Zarrabian acquired 60,900 shares of the stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $0.82 per share, for a total transaction of $49,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several institutional investors have recently bought and sold shares of DMPI. Susquehanna International Group LLP bought a new stake in shares of DelMar Pharmaceuticals in the 3rd quarter worth $306,000. Sabby Management LLC bought a new stake in shares of DelMar Pharmaceuticals in the 2nd quarter worth $1,484,000. Finally, Franklin Resources Inc. bought a new stake in shares of DelMar Pharmaceuticals in the 2nd quarter worth $2,477,000. 16.91% of the stock is owned by institutional investors and hedge funds.

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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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