Dundee Precious Metals (TSE:DPM) Price Target Raised to C$25.00 at Canaccord Genuity Group

Dundee Precious Metals (TSE:DPM) had its price objective lifted by Canaccord Genuity Group from C$23.00 to C$25.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a research note on Friday, April 4th. CIBC lifted their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday. Stifel Nicolaus increased their price objective on Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st. Scotiabank raised their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Monday. Finally, Royal Bank Of Canada boosted their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th.

Dundee Precious Metals Trading Up 0.4%

Shares of Dundee Precious Metals stock opened at C$21.24 on Tuesday. The firm’s 50 day moving average is C$19.77 and its 200 day moving average is C$16.99. The firm has a market capitalization of C$2.62 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 1 year low of C$10.52 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 given a dividend of $0.04 per share. The ex-dividend date is Monday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.75%. Dundee Precious Metals’s dividend payout ratio is currently 13.86%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$19.08, for a total value of C$190,800.00. 0.16% of the stock is currently owned by corporate 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.