Dundee Precious Metals (TSE:DPM) Hits New 1-Year High at $11.81

Dundee Precious Metals Inc. (TSE:DPM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$11.81 and last traded at C$11.78, with a volume of 56126 shares trading hands. The stock had previously closed at C$11.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DPM shares. Stifel Nicolaus increased their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Canaccord Genuity Group increased their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. CIBC increased their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Scotiabank increased their target price on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group increased their price objective on Dundee Precious Metals from C$13.00 to C$15.00 in a research report on Thursday, June 6th.

Dundee Precious Metals Price Performance

The firm has a 50 day moving average price of C$10.95 and a 200 day moving average price of C$9.88. The company has a quick ratio of 6.61, a current ratio of 6.92 and a debt-to-equity ratio of 1.20. The stock has a market cap of C$2.14 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.04 and a beta of 1.23.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The company had revenue of C$166.90 million during the quarter. On average, analysts forecast that Dundee Precious Metals Inc. will post 1.428934 EPS for the current fiscal year.

Dundee Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05. Dundee Precious Metals’s dividend payout ratio (DPR) is 16.67%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Navin Dyal bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of C$10.70 per share, with a total value of C$160,500.00. In other Dundee Precious Metals news, Director Nikolay Hristov sold 6,267 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.90, for a total transaction of C$68,310.30. Also, Senior Officer Navin Dyal purchased 15,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of C$10.70 per share, with a total value of C$160,500.00. In the last 90 days, insiders have sold 62,181 shares of company stock valued at $683,972. 0.14% of the stock is owned by company insiders.

Dundee Precious Metals Company Profile

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.