Dundee Precious Metals (TSE:DPM) Price Target Raised to C$23.00 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its price target lifted by Scotiabank from C$21.00 to C$23.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday, April 4th. TD Securities boosted their price objective on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group increased their target price on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th. CIBC upped their price objective on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a research report on Monday. Finally, Stifel Nicolaus lifted their target price on Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st.

Dundee Precious Metals Stock Down 0.8%

TSE:DPM opened at C$21.16 on Monday. Dundee Precious Metals has a 12-month low of C$10.44 and a 12-month high of C$22.67. The stock’s fifty day simple moving average is C$19.71 and its 200-day simple moving average is C$16.96. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

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

Insider Activity

In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 10,000 shares of Dundee Precious Metals stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$18.52, for a total value of C$185,200.00. 0.16% of the stock is currently owned by company insiders.

About Dundee Precious Metals

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.