Dundee Precious Metals (TSE:DPM – Free Report) had its price objective lifted by Scotiabank from C$14.00 to C$15.00 in a report released on Thursday morning, BayStreet.CA reports.
A number of other research analysts have also commented on DPM. Canaccord Genuity Group lifted their price objective on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. National Bankshares increased their price target on Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th. Stifel Nicolaus boosted their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Jefferies Financial Group set a C$13.00 target price on shares of Dundee Precious Metals and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, CIBC lifted their target price on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th.
View Our Latest Stock Report on DPM
Dundee Precious Metals Price Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last posted its earnings results on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). The firm had revenue of C$166.90 million for the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. As a group, sell-side analysts predict that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.
Dundee Precious Metals Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.96%. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, June 28th. Dundee Precious Metals’s dividend payout ratio is presently 16.67%.
Insider Buying and Selling at Dundee Precious Metals
In other news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the sale, the director now directly owns 550 shares in the company, valued at C$5,527.50. In other news, Senior Officer David Rae sold 6,301 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total transaction of C$62,316.89. Also, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now owns 550 shares of the company’s stock, valued at C$5,527.50. Insiders have sold 141,971 shares of company stock valued at $1,482,001 over the last quarter. Corporate insiders own 0.14% 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.
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