David Rae Sells 42,339 Shares of Dundee Precious Metals Inc. (TSE:DPM) Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer David Rae sold 42,339 shares of Dundee Precious Metals stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total transaction of C$467,422.56.

David Rae also recently made the following trade(s):

• On Wednesday, March 20th, David Rae sold 12,441 shares of Dundee Precious Metals stock. The stock was sold at an average price of C$9.95, for a total transaction of C$123,787.95.
• On Wednesday, March 13th, David Rae sold 6,301 shares of Dundee Precious Metals stock. The stock was sold at an average price of C$9.89, for a total transaction of C$62,316.89.
• On Monday, March 11th, David Rae sold 12,497 shares of Dundee Precious Metals stock. The shares were sold at an average price of C$9.97, for a total transaction of C$124,595.09.

Dundee Precious Metals Trading Down 1.2 %

TSE:DPM opened at C$10.90 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.92 and a quick ratio of 6.61. The firm has a 50-day moving average of C$10.56 and a 200-day moving average of C$9.56. The company has a market cap of C$1.98 billion, a PE ratio of 8.26, a PEG ratio of 0.04 and a beta of 1.23. Dundee Precious Metals Inc. has a one year low of C$7.79 and a one year high of C$11.34.

Dundee Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, June 28th. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 2.02%. Dundee Precious Metals’s payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DPM. Stifel Nicolaus lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. National Bankshares lifted their price target on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. CIBC lifted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Scotiabank lifted their price target on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd.

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.