Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) Senior Officer David Rae sold 12,441 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$9.95, for a total transaction of C$123,787.95.
David Rae also recently made the following trade(s):
- On Wednesday, March 13th, David Rae sold 6,301 shares of Dundee Precious Metals stock. The stock was sold at an average price of C$9.89, for a total transaction of C$62,316.89.
- On Monday, March 11th, David Rae sold 12,497 shares of Dundee Precious Metals stock. The shares were sold at an average price of C$9.97, for a total transaction of C$124,595.09.
Dundee Precious Metals Price Performance
Dundee Precious Metals stock opened at C$9.81 on Friday. The business has a 50 day simple moving average of C$8.96 and a 200 day simple moving average of C$8.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. The company has a market capitalization of C$1.78 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals Inc. has a one year low of C$7.79 and a one year high of C$10.78.
Dundee Precious Metals (TSE:DPM – Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The company had revenue of C$189.66 million for the quarter. On average, sell-side analysts forecast that Dundee Precious Metals Inc. will post 1.1075388 EPS for the current fiscal year.
Dundee Precious Metals Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.054 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.22 annualized dividend and a yield of 2.20%. Dundee Precious Metals’s dividend payout ratio is 16.67%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Scotiabank lowered their price target on Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$10.50 to C$12.50 in a research report on Thursday, November 30th. Royal Bank of Canada reduced their target price on Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, BMO Capital Markets raised their price objective on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a report on Wednesday, December 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$13.34.
Check Out Our Latest Research Report on DPM
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.
Further Reading
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