Dundee Precious Metals (TSE:DPM) Given New C$25.00 Price Target at TD Securities

Dundee Precious Metals (TSE:DPM) had its price target boosted by TD Securities from C$23.00 to C$25.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research analysts also recently commented on DPM. Stifel Nicolaus raised their price target on shares of Dundee Precious Metals from C$19.50 to C$23.75 in a research note on Monday, April 21st. Royal Bank of Canada raised their target price on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday, April 4th. CIBC boosted their price target on Dundee Precious Metals from C$18.00 to C$21.00 in a report on Thursday, April 17th. Finally, Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th.

Dundee Precious Metals Price Performance

Shares of TSE:DPM opened at C$21.16 on Monday. The firm has a market capitalization of C$2.61 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a 50 day simple moving average of C$19.71 and a two-hundred day simple moving average of C$16.96. Dundee Precious Metals has a 1 year low of C$10.44 and a 1 year high of C$22.67.

Dundee Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. Dundee Precious Metals’s dividend payout ratio is currently 13.86%.

Insider Activity

In related news, Director Robert Peter Charles Gillin sold 10,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$18.52, for a total transaction of C$185,200.00. Company insiders own 0.16% 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.