Analysts Set Dundee Precious Metals Inc. (TSE:DPM) PT at C$27.28

Shares of Dundee Precious Metals Inc. (TSE:DPM) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$27.28.

DPM has been the subject of a number of recent research reports. Canaccord Genuity Group raised their target price on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. BMO Capital Markets set a C$36.00 target price on Dundee Precious Metals and gave the stock an “outperform” rating in a research report on Friday. Stifel Canada upgraded Dundee Precious Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Royal Bank Of Canada lifted their price target on Dundee Precious Metals from C$24.00 to C$32.00 and gave the company a “moderate buy” rating in a research report on Wednesday, September 10th. Finally, TD Securities lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a research report on Monday, June 16th.

Dundee Precious Metals Trading Up 0.2%

Shares of Dundee Precious Metals stock opened at C$29.86 on Friday. The business’s fifty day simple moving average is C$24.46 and its 200 day simple moving average is C$21.21. The firm has a market capitalization of C$6.63 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79. Dundee Precious Metals has a 12 month low of C$12.30 and a 12 month high of C$30.52.

Dundee Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. Dundee Precious Metals’s payout ratio is 11.51%.

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.