Dundee Precious Metals (TSE:DPM) PT Raised to C$13.00

Dundee Precious Metals (TSE:DPM) had its price target lifted by CIBC from C$11.50 to C$13.00 in a report issued on Monday, BayStreet.CA reports.

Several other brokerages have also weighed in on DPM. Royal Bank of Canada cut their price objective on Dundee Precious Metals from C$15.00 to C$14.00 and set an outperform rating for the company in a report on Wednesday, December 20th. 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. Finally, Scotiabank cut their price objective on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th.

Dundee Precious Metals Trading Up 0.6 %

Shares of DPM stock opened at C$10.49 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. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$10.94. The stock has a fifty day moving average of C$9.55 and a two-hundred day moving average of C$9.15. The firm has a market capitalization of C$1.90 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The business had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. As a group, research analysts expect that Dundee Precious Metals will post 1.137045 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is 16.54%.

Insider Activity

In other news, Director Anthony P. Walsh sold 7,200 shares of the company’s 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 completion of the sale, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. In related news, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction 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. Also, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 550 shares in the company, valued at C$5,527.50. Insiders sold a total of 79,790 shares of company stock valued at $798,029 over the last three months. 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.