Dundee Precious Metals (OTCMKTS:DPMLF) Upgraded by Dundee Securities to “Outperform”

Dundee Securities upgraded shares of Dundee Precious Metals (OTCMKTS:DPMLFGet Rating) from a sector perform rating to an outperform rating in a report published on Tuesday, The Fly reports. They currently have C$10.00 price target on the stock, up from their prior price target of C$8.75.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Dundee Precious Metals from C$13.25 to C$11.00 and set a buy rating on the stock in a research report on Wednesday, July 20th. Scotiabank dropped their target price on Dundee Precious Metals from C$13.00 to C$12.50 and set an outperform rating on the stock in a report on Friday, July 29th. National Bank Financial boosted their target price on Dundee Precious Metals from C$10.00 to C$10.50 in a report on Monday, May 9th. Finally, BMO Capital Markets assumed coverage on Dundee Precious Metals in a report on Wednesday, May 4th. They issued an outperform rating and a C$11.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $10.96.

Dundee Precious Metals Stock Up 6.5 %

OTCMKTS DPMLF opened at $5.05 on Tuesday. Dundee Precious Metals has a twelve month low of $4.26 and a twelve month high of $7.85. The firm has a market capitalization of $963.69 million, a PE ratio of 5.94 and a beta of 0.53. The stock’s 50 day moving average is $5.27 and its 200 day moving average is $5.77.

Dundee Precious Metals (OTCMKTS:DPMLFGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share for the quarter. Dundee Precious Metals had a return on equity of 17.49% and a net margin of 26.30%. The company had revenue of $153.80 million for the quarter.

Dundee Precious Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.04 per share. This represents a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, June 29th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 18.82%.

Dundee Precious Metals Company Profile

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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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Analyst Recommendations for Dundee Precious Metals (OTCMKTS:DPMLF)

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