Dundee Precious Metals Inc. (TSE:DPM – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$10.79 and last traded at C$10.73, with a volume of 103182 shares. The stock had previously closed at C$10.44.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on DPM. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a “buy” rating in a report on Thursday, February 29th. Scotiabank dropped their target price on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Finally, Royal Bank of Canada dropped their price objective on Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Wednesday, December 20th.
Check Out Our Latest Analysis on Dundee Precious Metals
Dundee Precious Metals Trading Down 0.1 %
The stock has a fifty day moving average of C$9.51 and a 200-day moving average of C$9.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The company has a market cap of C$1.89 billion, a PE ratio of 7.84, a PEG ratio of 0.04 and a beta of 1.20.
Dundee Precious Metals (TSE:DPM – Get Free Report) last posted 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 business had revenue of C$189.66 million for the quarter. Sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.137045 EPS for the current fiscal year.
Dundee Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is 16.54%.
Insiders Place Their Bets
In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. Also, Director Nikolay Hristov sold 3,799 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$10.10, for a total value of C$38,369.90. In the last ninety days, insiders sold 79,790 shares of company stock worth $798,029. 0.11% of the stock is currently owned by company insiders.
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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