National Bankshares upgraded shares of Dundee Precious Metals (TSE:DPM – Get Rating) from a sector perform rating to an outperform rating in a research note published on Tuesday, BayStreet.CA reports. The firm currently has C$10.00 target price on the mining company’s stock, up from their previous target price of C$8.75.
Several other analysts have also recently commented on DPM. Canaccord Genuity Group raised their target price on Dundee Precious Metals from C$9.00 to C$9.50 in a research report on Friday, April 22nd. Scotiabank lowered their target price on Dundee Precious Metals from C$13.00 to C$12.50 in a research report on Friday, July 29th. Finally, BMO Capital Markets began coverage on Dundee Precious Metals in a research report on Tuesday, May 3rd. They issued a buy rating and a C$11.00 target price on the stock. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of C$11.06.
Dundee Precious Metals Stock Up 4.2 %
Shares of Dundee Precious Metals stock opened at C$6.45 on Tuesday. The company has a current ratio of 6.25, a quick ratio of 5.57 and a debt-to-equity ratio of 1.78. The business’s 50 day simple moving average is C$6.77 and its 200-day simple moving average is C$7.36. The stock has a market capitalization of C$1.23 billion and a price-to-earnings ratio of 5.92. Dundee Precious Metals has a twelve month low of C$5.53 and a twelve month high of C$9.65.
Dundee Precious Metals Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, September 29th. Dundee Precious Metals’s payout ratio is currently 12.84%.
About Dundee Precious Metals
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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