Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.50 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its price target increased by Scotiabank from C$18.00 to C$18.50 in a report released on Wednesday,BayStreet.CA reports. Scotiabank also issued estimates for Dundee Precious Metals’ FY2024 earnings at $1.27 EPS and FY2026 earnings at $1.12 EPS.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. CIBC increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. BMO Capital Markets raised their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Finally, Jefferies Financial Group upped their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th.

Dundee Precious Metals Stock Performance

TSE DPM opened at C$13.90 on Wednesday. The business’s 50 day moving average price is C$13.15 and its 200-day moving average price is C$13.02. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$14.81. The company has a market cap of C$2.50 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.054 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.55%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.47%.

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.