Dundee Precious Metals Inc. (TSE:DPM) Plans Dividend Increase – $0.05 Per Share

Dundee Precious Metals Inc. (TSE:DPMGet Rating) declared a quarterly dividend on Wednesday, May 4th, Zacks reports. Stockholders of record on Thursday, June 30th will be given a dividend of 0.051 per share by the mining company on Friday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, June 29th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.04.

TSE DPM opened at C$7.74 on Friday. The company has a quick ratio of 5.28, a current ratio of 5.99 and a debt-to-equity ratio of 1.51. Dundee Precious Metals has a twelve month low of C$6.99 and a twelve month high of C$9.65. The firm has a market capitalization of C$1.48 billion and a PE ratio of 5.36. The stock’s 50 day moving average is C$7.70 and its 200 day moving average is C$7.83.

Dundee Precious Metals (TSE:DPMGet Rating) last released its quarterly earnings results on Thursday, February 17th. The mining company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.33 by C$0.01. The firm had revenue of C$209.79 million for the quarter. On average, research analysts anticipate that Dundee Precious Metals will post 1.29 earnings per share for the current year.

In related news, Director Jonathan Carter Goodman sold 43,513 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 457,166 shares in the company, valued at C$3,648,184.68. Also, Director Robert Peter Charles Gillin sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now owns 15,000 shares of the company’s stock, valued at approximately C$118,050. Over the last ninety days, insiders have sold 78,913 shares of company stock worth $616,849.

DPM has been the topic of several research reports. BMO Capital Markets assumed coverage on Dundee Precious Metals in a research report on Tuesday. They set a “buy” rating and a C$11.00 price target on the stock. Royal Bank of Canada set a C$13.00 target price on Dundee Precious Metals and gave the stock an “outperform” rating in a report on Friday, February 18th. Scotiabank boosted their target price on Dundee Precious Metals from C$10.50 to C$13.00 in a report on Tuesday, April 19th. National Bankshares dropped their target price on Dundee Precious Metals from C$10.25 to C$10.00 in a report on Wednesday, April 20th. Finally, National Bank Financial downgraded Dundee Precious Metals from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Friday, February 18th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$11.31.

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. 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.

See Also

Dividend History for Dundee Precious Metals (TSE:DPM)

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