Dundee Precious Metals (TSE:DPM) Price Target Increased to C$10.50 by Analysts at National Bankshares

Dundee Precious Metals (TSE:DPMGet Rating) had its target price boosted by National Bankshares from C$10.00 to C$10.50 in a report released on Monday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the mining company’s stock.

A number of other research firms have also issued reports on DPM. Scotiabank increased their target price on shares of Dundee Precious Metals from C$10.50 to C$13.00 in a report on Tuesday, April 19th. BMO Capital Markets assumed coverage on shares of Dundee Precious Metals in a report on Tuesday, May 3rd. They set a buy rating and a C$11.00 target price on the stock. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$9.00 to C$9.50 in a report on Friday, April 22nd. Royal Bank of Canada set a C$13.00 target price on shares of Dundee Precious Metals and gave the stock an outperform rating in a report on Friday, February 18th. Finally, National Bank Financial lowered shares of Dundee Precious Metals from an outperform overweight rating to a sector perform overweight rating in a report on Friday, February 18th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Dundee Precious Metals has an average rating of Buy and a consensus price target of C$11.38.

TSE:DPM opened at C$7.60 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.28 and a current ratio of 5.99. The stock has a market capitalization of C$1.45 billion and a P/E ratio of 5.27. The company has a 50 day moving average price of C$7.70 and a 200 day moving average price of C$7.83. Dundee Precious Metals has a fifty-two week low of C$6.99 and a fifty-two week high of C$9.65.

Dundee Precious Metals (TSE:DPMGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The mining company reported C$0.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.01. The company had revenue of C$209.79 million for the quarter. Research analysts forecast that Dundee Precious Metals will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.051 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Wednesday, June 29th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.04. Dundee Precious Metals’s dividend payout ratio (DPR) is 8.32%.

In other news, Director Robert Peter Charles Gillin sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of C$7.87, for a total transaction 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. Also, Senior Officer Iliya Garkov sold 12,500 shares of Dundee Precious Metals stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of C$7.43, for a total value of C$92,875.00. Insiders have sold a total of 78,913 shares of company stock worth $616,849 in the last three months.

About Dundee Precious Metals (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.

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