Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.00

Dundee Precious Metals (TSE:DPM) had its price objective upped by Jefferies Financial Group from C$16.00 to C$18.00 in a research report sent to investors on Friday, BayStreet.CA reports.

A number of other equities analysts have also commented on the company. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their target price on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an outperform rating in a research note on Tuesday, September 10th. Scotiabank raised their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Finally, CIBC lifted their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th.

Dundee Precious Metals Price Performance

Shares of DPM opened at C$13.80 on Friday. The stock has a market capitalization of C$2.48 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$14.34. The company has a 50 day moving average of C$13.00 and a 200-day moving average of C$11.66. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.10. The business had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. As a group, equities research analysts forecast that Dundee Precious Metals will post 1.851552 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, September 27th. Dundee Precious Metals’s payout ratio is 14.77%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. In other news, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is 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.