Dundee Precious Metals (TSE:DPM) PT Raised to C$14.00 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its price target increased by Scotiabank from C$13.25 to C$14.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other research firms have also weighed in on DPM. CIBC upped their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Stifel Nicolaus raised their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. Canaccord Genuity Group lifted their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. National Bankshares decreased their price target on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a research report on Friday, April 19th. Finally, Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the stock a buy rating in a research report on Thursday, February 29th.

Dundee Precious Metals Price Performance

Shares of DPM stock opened at C$10.64 on Thursday. The stock has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 0.28. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$10.94. The stock has a fifty day simple moving average of C$10.18 and a two-hundred day simple moving average of C$9.37.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The business had revenue of C$189.66 million for the quarter. On average, analysts predict that Dundee Precious Metals will post 1.137045 EPS 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. Stockholders of record on Sunday, March 31st were paid a dividend of $0.054 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.03%. Dundee Precious Metals’s payout ratio is 16.54%.

Insider Activity

In related news, Senior Officer David Rae sold 12,497 shares of Dundee Precious Metals stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$9.97, for a total value of C$124,595.09. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the sale, the director now owns 550 shares in the company, valued at approximately C$5,527.50. Also, Senior Officer David Rae sold 12,497 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$9.97, for a total value of C$124,595.09. Insiders have sold a total of 79,790 shares of company stock worth $798,029 over the last 90 days. 0.11% 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.