Dundee Precious Metals (TSE:DPM – Free Report) had its price target upped by Royal Bank of Canada from C$16.00 to C$17.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.
Other analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. National Bankshares boosted their price target on Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th. Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. Scotiabank boosted their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. Finally, CIBC increased their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th.
Read Our Latest Stock Analysis on DPM
Dundee Precious Metals Stock Up 2.3 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last released its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.10. The company had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. On average, equities research analysts anticipate that Dundee Precious Metals will post 1.8411348 EPS for the current fiscal year.
Dundee Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.65%. Dundee Precious Metals’s payout ratio is currently 14.77%.
Insiders Place Their Bets
In other news, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. 0.16% of the stock is owned by corporate 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.
Read More
- Five stocks we like better than Dundee Precious Metals
- How to Invest in Blue Chip Stocks
- 3 Leveraged ETFs to Multiply Returns
- Stock Analyst Ratings and Canadian Analyst Ratings
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
Receive News & Ratings for Dundee Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dundee Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.