Dundee Precious Metals (TSE:DPM – Free Report) had its price objective increased by Canaccord Genuity Group from C$13.50 to C$16.00 in a report released on Tuesday, BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group raised their price target on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Stifel Nicolaus boosted their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Scotiabank increased their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research report on Thursday, May 23rd. CIBC boosted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Finally, National Bankshares upped their target price on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th.
Read Our Latest Analysis on DPM
Dundee Precious Metals Trading Up 1.5 %
TSE DPM opened at C$12.03 on Tuesday. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$12.33. The company has a current ratio of 6.92, a quick ratio of 6.61 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average price is C$11.21 and its 200-day moving average price is C$10.14. The stock has a market cap of C$2.18 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.04 and a beta of 1.23.
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). The firm had revenue of C$166.90 million during the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. As a group, equities analysts forecast that Dundee Precious Metals will post 1.428934 EPS for the current fiscal year.
Dundee Precious Metals Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a $0.055 dividend. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a yield of 1.83%. Dundee Precious Metals’s dividend payout ratio is currently 16.67%.
Insiders Place Their Bets
In other Dundee Precious Metals news, Senior Officer Navin Dyal acquired 15,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In related news, Senior Officer Navin Dyal acquired 15,000 shares of Dundee Precious Metals stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of C$10.70 per share, for a total transaction of C$160,500.00. Also, Director Nikolay Hristov sold 6,267 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$10.90, for a total value of C$68,310.30. Over the last three months, insiders have sold 62,181 shares of company stock valued at $683,972. Insiders own 0.14% of the company’s stock.
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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