Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.65 and traded as high as C$11.53. Dundee Precious Metals shares last traded at C$11.51, with a volume of 448,152 shares changing hands.
Analysts Set New Price Targets
DPM has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. Scotiabank raised their price target on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research report on Thursday, May 23rd. Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the stock a “buy” rating in a research note on Thursday, February 29th. Canaccord Genuity Group boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd. Finally, CIBC increased their price target on Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th.
Read Our Latest Research Report on Dundee Precious Metals
Dundee Precious Metals Trading Up 2.3 %
The company’s 50-day moving average is C$10.75 and its 200 day moving average is C$9.65. The company has a market cap of C$2.09 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. The company has a quick ratio of 6.61, a current ratio of 6.92 and a debt-to-equity ratio of 1.20.
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 for the quarter, missing the consensus estimate of C$0.27 by C($0.03). The business had revenue of C$166.90 million during the quarter. Dundee Precious Metals had a net margin of 37.12% and a return on equity of 16.18%. Research analysts predict that Dundee Precious Metals Inc. will post 1.428934 EPS for the current year.
Dundee Precious Metals Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 is Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.91%. Dundee Precious Metals’s dividend payout ratio (DPR) is 16.67%.
Insider Buying and Selling
In other news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the sale, the director now owns 550 shares in the company, valued at C$5,527.50. In related news, Senior Officer David Rae sold 6,301 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total value of C$62,316.89. Also, 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 transaction of C$72,360.00. Following the sale, the director now directly owns 550 shares of the company’s stock, valued at approximately C$5,527.50. In the last quarter, insiders sold 141,971 shares of company stock valued at $1,482,001. 0.14% of the stock is owned by corporate insiders.
Dundee Precious Metals Company Profile
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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