Dundee Precious Metals Inc. (TSE:DPM) to Issue Dividend Increase – $0.06 Per Share

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.055 per share by the mining company on Monday, July 15th. This represents a $0.22 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, June 28th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05.

Dundee Precious Metals Stock Performance

DPM traded up C$0.21 during trading on Thursday, hitting C$10.89. The stock had a trading volume of 201,145 shares, compared to its average volume of 546,442. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 8.12, a PEG ratio of 0.04 and a beta of 1.24. The company has a debt-to-equity ratio of 1.12, a quick ratio of 6.61 and a current ratio of 6.70. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$11.32. The company’s 50-day moving average price is C$10.30 and its 200 day moving average price is C$9.41.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data 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 firm had revenue of C$189.66 million during the quarter. On average, equities research analysts forecast that Dundee Precious Metals will post 1.3451327 EPS for the current fiscal year.

Analyst Ratings Changes

DPM has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the company a “buy” rating in a research note on Thursday, February 29th. Scotiabank upped their price target on Dundee Precious Metals from C$13.25 to C$14.00 in a report on Thursday, May 2nd. National Bankshares reduced their price target on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd.

Insider Activity

In other news, Senior Officer Navin Dyal bought 15,000 shares of Dundee Precious Metals stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of C$10.70 per share, with a total value of C$160,500.00. In other Dundee Precious Metals news, Senior Officer Navin Dyal acquired 15,000 shares of the stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of C$10.70 per share, for a total transaction of C$160,500.00. Also, Director Robert Peter Charles Gillin sold 8,620 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total value of C$85,338.00. Over the last quarter, insiders sold 79,790 shares of company stock worth $798,029. 0.09% of the stock is currently owned by corporate insiders.

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.