Dundee Precious Metals (TSE:DPM) Upgraded to Outperform at National Bankshares

National Bankshares upgraded shares of Dundee Precious Metals (TSE:DPMGet 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 (TSE:DPMGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The mining company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.02. The company had revenue of C$194.82 million for the quarter. Equities research analysts forecast that Dundee Precious Metals will post 1.0534567 earnings per share for the current year.

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

(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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