Dundee Precious Metals (TSE:DPM) Price Target Raised to C$14.00

Dundee Precious Metals (TSE:DPM) had its price target upped by Scotiabank from C$13.25 to C$14.00 in a research note released on Thursday morning, BayStreet.CA reports.

Several other research firms also recently commented on DPM. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. CIBC boosted their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the company a buy rating in a report on Thursday, February 29th. Finally, National Bankshares reduced their price objective on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday, April 19th.

Dundee Precious Metals Trading Up 0.1 %

TSE:DPM opened at C$10.64 on Thursday. The company has a market capitalization of C$1.93 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.04 and a beta of 1.20. The stock’s 50 day moving average price is C$10.18 and its 200 day moving average price is C$9.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$10.94.

Dundee Precious Metals (TSE:DPM) last posted 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 business 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%. On average, research analysts forecast that Dundee Precious Metals will post 1.137045 EPS for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.054 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 2.03%. Dundee Precious Metals’s dividend payout ratio is 16.54%.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, Director Nikolay Hristov sold 3,799 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total value of C$38,369.90. In other news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction that occurred 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 of the company’s stock, valued at approximately C$5,527.50. Also, Director Nikolay Hristov sold 3,799 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total value of C$38,369.90. Over the last quarter, insiders have sold 79,790 shares of company stock worth $798,029. Insiders own 0.11% of the company’s stock.

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.