Dundee Precious Metals (TSE:DPM – Free Report) had its target price raised by Canaccord Genuity Group from C$13.00 to C$13.25 in a research report report published on Tuesday morning, BayStreet.CA reports.
Several other brokerages have also recently weighed in on DPM. Scotiabank decreased their price target on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. National Bankshares decreased their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a research report on Friday, April 19th. Stifel Nicolaus upped their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the company a buy rating in a research note on Thursday, February 29th. Finally, CIBC increased their price target on Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th.
Dundee Precious Metals Stock Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing the consensus estimate of C$0.48 by C($0.10). The company had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. On average, analysts expect that Dundee Precious Metals will post 1.137045 earnings per share for the current fiscal year.
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 issued a $0.054 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. Dundee Precious Metals’s payout ratio is currently 16.54%.
Insider Buying and Selling at Dundee Precious Metals
In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total value of C$85,338.00. In related news, Director Robert Peter Charles Gillin sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total value of C$85,338.00. Also, Director Nikolay Hristov sold 3,799 shares of Dundee Precious Metals stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$10.10, for a total value of C$38,369.90. Insiders have sold a total of 79,790 shares of company stock valued at $798,029 in the last 90 days. Corporate insiders own 0.11% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Dundee Precious Metals
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- Investing in the High PE Growth Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Dundee Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dundee Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.