Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) Senior Officer Navin Dyal bought 15,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of C$10.70 per share, with a total value of C$160,500.00.
Dundee Precious Metals Price Performance
DPM stock opened at C$10.98 on Friday. The stock has a market cap of C$1.99 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.04 and a beta of 1.24. Dundee Precious Metals Inc. has a fifty-two week low of C$7.79 and a fifty-two week high of C$11.32. The business has a 50 day moving average price of C$10.37 and a 200 day moving average price of C$9.44. The company has a quick ratio of 6.61, a current ratio of 6.70 and a debt-to-equity ratio of 1.12.
Dundee Precious Metals (TSE:DPM – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing the consensus estimate of C$0.48 by C($0.10). The firm had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. Equities research analysts anticipate that Dundee Precious Metals Inc. will post 1.3451327 earnings per share for the current fiscal year.
Dundee Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.055 per share. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.22 annualized dividend and a yield of 2.00%. Dundee Precious Metals’s payout ratio is 16.42%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on DPM. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. CIBC lifted their price objective on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Scotiabank lifted their price objective on Dundee Precious Metals from C$13.25 to C$14.00 in a research note on Thursday, May 2nd. Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Stifel Nicolaus lifted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th.
View Our Latest Stock Report on Dundee Precious Metals
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.
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