Dundee Precious Metals (TSE:DPM – Free Report) had its target price hoisted by Scotiabank from C$15.00 to C$16.50 in a research report released on Monday, BayStreet.CA reports.
A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. CIBC raised their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. National Bankshares upped their price objective on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group raised their target price on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th.
Check Out Our Latest Report on Dundee Precious Metals
Dundee Precious Metals Trading Up 0.4 %
Dundee Precious Metals stock opened at C$13.42 on Monday. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$13.55. The firm’s 50-day moving average is C$11.60 and its 200-day moving average is C$10.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 6.61 and a current ratio of 7.09. The company has a market cap of C$2.41 billion, a P/E ratio of 8.89, a PEG ratio of 0.04 and a beta of 1.18.
Dundee Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, September 27th. Dundee Precious Metals’s payout ratio is currently 14.57%.
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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