Dundee Precious Metals (TSE:DPM – Free Report) had its price objective lowered by National Bankshares from C$14.00 to C$13.50 in a research report sent to investors on Friday, BayStreet.CA reports.
Several other analysts have also issued reports on the stock. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the company a buy rating in a research report on Thursday, February 29th. Stifel Nicolaus upped their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday. Scotiabank cut their price target on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research report on Thursday, February 15th. Finally, CIBC upped their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th.
Read Our Latest Stock Report on DPM
Dundee Precious Metals Stock Up 0.7 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last released its earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The firm had revenue of C$189.66 million during the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. As a group, research analysts expect that Dundee Precious Metals will post 1.137045 earnings per share for the current fiscal year.
Dundee Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.054 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. Dundee Precious Metals’s dividend payout ratio is currently 16.54%.
Insider Transactions at Dundee Precious Metals
In other news, Director Robert Peter Charles Gillin sold 8,620 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. In other news, Director Robert Peter Charles Gillin sold 8,620 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$10.13, for a total transaction of C$205,294.58. Over the last ninety days, insiders sold 79,790 shares of company stock worth $798,029. Company insiders own 0.11% of the company’s stock.
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.
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