Shares of Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.76 and traded as high as C$8.87. Dundee Precious Metals shares last traded at C$8.79, with a volume of 845,865 shares changing hands.
Analyst Ratings Changes
DPM has been the subject of several analyst reports. Canaccord Genuity Group increased their price objective on shares of Dundee Precious Metals from C$10.50 to C$12.50 in a research note on Thursday, November 30th. Scotiabank decreased their price target on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Stifel Nicolaus raised their price target on shares of Dundee Precious Metals from C$12.25 to C$13.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. National Bankshares raised their price target on shares of Dundee Precious Metals from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Friday, November 17th. Finally, BMO Capital Markets raised their price target on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Wednesday, December 13th.
Get Our Latest Stock Analysis on Dundee Precious Metals
Dundee Precious Metals Price Performance
The firm has a market capitalization of C$1.59 billion, a PE ratio of 6.66, a price-to-earnings-growth ratio of 0.04 and a beta of 1.21. 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 business’s 50 day moving average is C$8.49 and its two-hundred day moving average is C$8.76.
Dundee Precious Metals Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.054 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a yield of 2.46%. Dundee Precious Metals’s dividend payout ratio is 16.67%.
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties; and exploration, development, mining, and processing of precious metals. It owns and operates a gold, copper, and silver mine located east of Sofia, Bulgaria; a gold mine located in south eastern Bulgaria, near the town of Krumovgrad; and a custom smelter located in Tsumeb, Namibia.
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