Dundee Precious Metals (TSE:DPM – Free Report) had its price target raised by Canaccord Genuity Group from C$13.50 to C$16.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.
A number of other research analysts have also recently weighed in on DPM. Jefferies Financial Group raised their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. Stifel Nicolaus raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. National Bankshares raised their target price on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research report on Wednesday, May 15th. CIBC raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Finally, Scotiabank raised their target price on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research report on Thursday, May 23rd.
Check Out Our Latest Stock Analysis on DPM
Dundee Precious Metals Trading Up 0.2 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.18% and a net margin of 37.12%. The business had revenue of C$166.90 million for the quarter. Equities analysts forecast that Dundee Precious Metals will post 1.428934 EPS for the current fiscal year.
Dundee Precious Metals Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.05. Dundee Precious Metals’s dividend payout ratio (DPR) is 16.67%.
Insider Buying and Selling at Dundee Precious Metals
In other Dundee Precious Metals news, Senior Officer Navin Dyal bought 15,000 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In other news, Senior Officer Navin Dyal purchased 15,000 shares of the company’s stock in a transaction that occurred 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. Also, insider Dundee Precious Metals Inc. purchased 63,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of C$10.89 per share, for a total transaction of C$686,070.00. Insiders have sold a total of 62,181 shares of company stock worth $683,972 in the last quarter. 0.14% of the stock is owned by 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.
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