DMC Global Inc (BOOM) Gets a Buy Rating from Chardan Capital

By Ryan Adsit

Chardan Capital analyst James McIlree reiterated a Buy rating on DMC Global Inc (BOOMResearch Report) today and set a price target of $79. The company’s shares closed yesterday at $61.86.

According to TipRanks.com, McIlree has 0 stars on 0-5 star ranking scale with an average return of -5.7% and a 38.5% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and Arcimoto Inc.

DMC Global Inc has an analyst consensus of Strong Buy, with a price target consensus of $75.67, which is a 22.3% upside from current levels. In a report issued on July 10, Sidoti also upgraded the stock to Buy.

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DMC Global Inc’s market cap is currently $927M and has a P/E ratio of 22.18. The company has a Price to Book ratio of 6.23.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

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DMC Global, Inc. engages in the provision of technical products and services in the energy, industrial, and infrastructure markets. It operates through the following segments: NobelClad and DynaEnergetics.