National Bank Financial Comments on TSE:DPM FY2024 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Investment analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of Dundee Precious Metals in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $1.75 per share for the year, down from their previous forecast of $1.77. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ Q4 2024 earnings at $0.61 EPS and FY2025 earnings at $2.28 EPS.

Several other research analysts have also issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research report 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 report on Tuesday, September 10th. BMO Capital Markets increased their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Jefferies Financial Group lifted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, Scotiabank upped their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Price Performance

TSE:DPM opened at C$12.46 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The company has a 50-day moving average of C$13.62 and a 200-day moving average of C$12.31. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals’s payout ratio is presently 14.47%.

Insider Activity

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is currently 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.