National Bank Financial Comments on Dundee Precious Metals Inc.’s Q1 2022 Earnings (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPM – Get Rating) – Research analysts at National Bank Financial issued their Q1 2022 earnings estimates for shares of Dundee Precious Metals in a note issued to investors on Tuesday, April 19th. National Bank Financial analyst D. Demarco forecasts that the mining company will post earnings of $0.20 per share for the quarter. National Bank Financial has a “Sector Perform Overweight” rating on the stock.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada set a C$13.00 price objective on Dundee Precious Metals and gave the stock an “outperform” rating in a research report on Friday, February 18th. National Bankshares lowered their price objective on Dundee Precious Metals from C$10.25 to C$10.00 in a research report on Wednesday. Finally, Scotiabank raised their target price on Dundee Precious Metals from C$10.50 to C$13.00 in a research note on Tuesday.

Shares of DPM opened at C$7.97 on Thursday. Dundee Precious Metals has a 1 year low of C$6.99 and a 1 year high of C$9.72. The company has a debt-to-equity ratio of 1.51, a current ratio of 5.99 and a quick ratio of 5.28. The company has a market capitalization of C$1.52 billion and a price-to-earnings ratio of 5.64. The business has a 50-day moving average of C$7.77 and a 200-day moving average of C$7.86.

Dundee Precious Metals (TSE:DPM – Get Rating) last posted its earnings results on Thursday, February 17th. The mining company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.33 by C$0.01. The firm had revenue of C$209.79 million during the quarter.

In related news, Director Jonathan Carter Goodman sold 43,513 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C$7.98, for a total transaction of C$347,233.74. Following the transaction, the director now owns 457,166 shares of the company’s stock, valued at C$3,648,184.68. Also, Director Robert Peter Charles Gillin sold 10,000 shares of Dundee Precious Metals stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of C$7.87, for a total value of C$78,700.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately C$118,050. Insiders sold 78,913 shares of company stock valued at $616,849 in the last three months.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 18th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Wednesday, March 30th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.04. Dundee Precious Metals’s dividend payout ratio (DPR) is 8.49%.

Dundee Precious Metals Company Profile (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. The company's 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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