Dundee Precious Metals Inc. (TSE:DPM – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.31 and traded as high as C$10.07. Dundee Precious Metals shares last traded at C$9.92, with a volume of 299,099 shares.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Scotiabank increased their price target on shares of Dundee Precious Metals from C$12.00 to C$13.00 in a report on Wednesday, April 12th. CIBC upped their price objective on shares of Dundee Precious Metals from C$10.00 to C$11.50 in a research note on Wednesday, April 12th. Stifel Nicolaus increased their price target on shares of Dundee Precious Metals from C$11.50 to C$12.25 in a research report on Thursday, April 20th. Finally, National Bankshares raised their target price on shares of Dundee Precious Metals from C$13.50 to C$14.50 and gave the stock an “outperform” rating in a research report on Monday, May 8th.
Dundee Precious Metals Stock Performance
The company has a market capitalization of C$1.87 billion, a PE ratio of 25.44, a PEG ratio of 0.04 and a beta of 1.17. The business’s 50-day moving average is C$10.01 and its 200-day moving average is C$8.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 6.61 and a current ratio of 6.31.
Dundee Precious Metals Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 2.18%. Dundee Precious Metals’s payout ratio is 56.41%.
Insiders Place Their Bets
In other Dundee Precious Metals news, Director Nikolay Hristov sold 22,733 shares of Dundee Precious Metals stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$8.80, for a total value of C$200,050.40. In other Dundee Precious Metals news, Director Nikolay Hristov sold 22,733 shares of Dundee Precious Metals stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$8.80, for a total value of C$200,050.40. Also, Senior Officer David Rae sold 26,930 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of C$9.11, for a total transaction of C$245,332.30. Over the last ninety days, insiders sold 52,163 shares of company stock valued at $470,008. Insiders own 0.31% of the company’s stock.
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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