Dundee Precious Metals (DPM) Set to Announce Quarterly Earnings on Thursday

Dundee Precious Metals (TSE:DPM) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.44 per share for the quarter.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). Dundee Precious Metals had a net margin of 37.12% and a return on equity of 16.18%. The business had revenue of C$166.90 million during the quarter.

Dundee Precious Metals Stock Down 0.7 %

Dundee Precious Metals stock opened at C$11.64 on Wednesday. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$12.35. 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 stock has a market cap of C$2.11 billion, a PE ratio of 8.82, a P/E/G ratio of 0.04 and a beta of 1.23. The stock’s fifty day moving average is C$11.27 and its two-hundred day moving average is C$10.26.

Dundee Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a $0.055 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 1.89%. Dundee Precious Metals’s dividend payout ratio (DPR) is currently 16.67%.

Insider Buying and Selling

In related news, Senior Officer David Rae sold 42,339 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total transaction of C$467,422.56. In other Dundee Precious Metals news, Senior Officer David Rae sold 42,339 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total value of C$467,422.56. Also, Director Nikolay Hristov sold 6,267 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$10.90, for a total value of C$68,310.30. Insiders have sold a total of 62,181 shares of company stock valued at $683,972 over the last quarter. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DPM shares. Scotiabank raised their price target on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. National Bankshares raised their price target on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Canaccord Genuity Group lifted their target price on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus lifted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. Finally, CIBC lifted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th.

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.