BMO Capital Markets Raises Dundee Precious Metals (TSE:DPM) Price Target to C$18.50

Dundee Precious Metals (TSE:DPM) had its price objective increased by BMO Capital Markets from C$15.50 to C$18.50 in a research report sent to investors on Monday morning, BayStreet.CA reports.

DPM has been the topic of a number of other research reports. Jefferies Financial Group upped their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. CIBC lifted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group raised their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, 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.

Dundee Precious Metals Trading Down 1.1 %

Shares of DPM opened at C$14.28 on Monday. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$14.81. The stock’s 50-day moving average is C$13.51 and its two-hundred day moving average is C$12.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The stock has a market cap of C$2.57 billion, a PE ratio of 9.39, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.10. The firm had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. Equities analysts forecast that Dundee Precious Metals will post 1.9039474 earnings per share for the current fiscal year.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.055 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.22 annualized dividend and a dividend yield of 1.54%. Dundee Precious Metals’s dividend payout ratio is 14.47%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction 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. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. Insiders own 0.16% of the company’s stock.

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.