Brokers Issue Forecasts for Dundee Precious Metals Inc.’s Q1 2024 Earnings (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPM) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Dundee Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco anticipates that the mining company will post earnings per share of $0.28 for the quarter. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.14 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2024 earnings at $1.36 EPS and FY2025 earnings at $1.58 EPS.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing the consensus estimate 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 return on equity of 17.22% and a net margin of 37.10%.

Other research analysts have also issued research reports about the stock. Scotiabank dropped 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. Stifel Nicolaus increased their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday. National Bankshares decreased their price target on Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday. CIBC upped their price target on Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th. Finally, Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the company a “buy” rating in a report on Thursday, February 29th.

Dundee Precious Metals Price Performance

TSE:DPM opened at C$10.40 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The company has a 50-day moving average of C$9.78 and a 200-day moving average of C$9.23. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$10.94. The company has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.04 and a beta of 1.20.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Anthony P. Walsh sold 7,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the sale, the director now owns 550 shares in the company, valued at C$5,527.50. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. Also, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$9.97, for a total transaction of C$124,595.09. In the last quarter, insiders sold 79,790 shares of company stock worth $798,029. 0.11% of the stock is currently owned by insiders.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors 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 yield of 2.08%. Dundee Precious Metals’s dividend payout ratio is 16.54%.

Dundee Precious Metals Company Profile

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.