Dundee Precious Metals Inc. Forecasted to Earn Q1 2024 Earnings of $0.28 Per Share (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPM) – Research analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of Dundee Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the mining company will earn $0.28 per share for the quarter. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.14 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2024 earnings at $1.36 EPS and FY2025 earnings at $1.58 EPS.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The business had revenue of C$189.66 million for the quarter.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the company a “buy” rating in a report on Thursday, February 29th. Scotiabank lowered their price target on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. National Bankshares lowered their price target on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday. Finally, CIBC raised their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th.

Dundee Precious Metals Stock Up 0.7 %

Shares of Dundee Precious Metals stock opened at C$10.80 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$10.94. The firm’s 50-day moving average is C$9.74 and its two-hundred day moving average is C$9.22. The stock has a market cap of C$1.96 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is presently 16.54%.

Insiders Place Their Bets

In other news, Director Robert Peter Charles Gillin sold 8,620 shares of Dundee Precious Metals stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. In other Dundee Precious Metals news, Senior Officer Iliya Garkov sold 8,666 shares of Dundee Precious Metals stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$9.92, for a total transaction of C$85,966.72. Also, Director Robert Peter Charles Gillin sold 8,620 shares of Dundee Precious Metals stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total transaction of C$85,338.00. In the last ninety days, insiders sold 79,790 shares of company stock valued at $798,029. 0.11% of the stock is owned by insiders.

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.