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Precious Metals

National Bank Financial Comments on Dundee Precious Metals Inc.’s FY2022 Earnings (TSE:DPM)


Dundee Precious Metals Inc. (TSE:DPMGet Rating) – National Bank Financial reduced their FY2022 earnings per share (EPS) estimates for shares of Dundee Precious Metals in a note issued to investors on Wednesday, July 20th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of $0.81 per share for the year, down from their previous forecast of $1.01. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.22 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2023 earnings at $0.88 EPS.

Several other research analysts also recently commented on the company. Scotiabank boosted their target price on Dundee Precious Metals from C$10.50 to C$13.00 in a report on Tuesday, April 19th. BMO Capital Markets initiated coverage on Dundee Precious Metals in a report on Tuesday, May 3rd. They set a “buy” rating and a C$11.00 price objective on the stock. Canaccord Genuity Group upped their price objective on Dundee Precious Metals from C$9.00 to C$9.50 in a report on Friday, April 22nd. Finally, National Bankshares reduced their price objective on Dundee Precious Metals from C$10.50 to C$8.75 and set a “sector perform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$11.16.

Dundee Precious Metals Price Performance

Shares of DPM opened at C$6.00 on Monday. The company has a market capitalization of C$1.14 billion and a P/E ratio of 4.44. The company has a debt-to-equity ratio of 1.98, a current ratio of 5.70 and a quick ratio of 5.19. Dundee Precious Metals has a one year low of C$5.53 and a one year high of C$9.65. The business’s 50 day simple moving average is C$6.97 and its 200-day simple moving average is C$7.43.

Dundee Precious Metals (TSE:DPMGet Rating) last announced its earnings results on Wednesday, May 4th. The mining company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.02. The business had revenue of C$194.82 million during the quarter.

Dundee Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.051 per share. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, June 29th. This represents a $0.20 annualized dividend and a dividend yield of 3.40%. Dundee Precious Metals’s payout ratio is presently 9.63%.

About Dundee Precious Metals

(Get Rating)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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Earnings History and Estimates for Dundee Precious Metals (TSE:DPM)



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