Zacks: DelMar Pharmaceuticals Inc (DMPI) Given $11.16 Consensus Target Price by Brokerages
DelMar Pharmaceuticals Inc (NASDAQ:DMPI) has earned an average broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus target price of $11.16 for the company and are predicting 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 186 out of 265 based on the ratings given to related companies.
Separately, HC Wainwright set a $12.00 price target on DelMar Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, October 16th.
An institutional investor recently bought a new position in DelMar Pharmaceuticals stock. Susquehanna International Group LLP purchased a new position in DelMar Pharmaceuticals Inc (NASDAQ:DMPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 364,496 shares of the company’s stock, valued at approximately $306,000. Susquehanna International Group LLP owned 1.69% of DelMar Pharmaceuticals as of its most recent SEC filing. 17.03% of the stock is currently owned by hedge funds and other institutional investors.
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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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