Q3 Earnings Forecast for TSE:DPM Issued By Stifel Canada

Dundee Precious Metals Inc. (TSE:DPM) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Dundee Precious Metals in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the mining company will earn $0.40 per share for the quarter. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. Stifel Canada also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.15 EPS and FY2026 earnings at $1.45 EPS.

Several other equities analysts have also commented on DPM. CIBC raised their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Canaccord Genuity Group raised their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. BMO Capital Markets lifted their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday. Scotiabank lifted their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Finally, 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.

Dundee Precious Metals Stock Down 1.1 %

TSE:DPM opened at C$14.12 on Thursday. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$14.81. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock has a fifty day simple moving average of C$13.53 and a 200-day simple moving average of C$12.01. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.52% and a net margin of 35.57%.

Dundee Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.56%. Dundee Precious Metals’s payout ratio is 14.47%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction that occurred 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. In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction on Friday, September 27th. The stock was 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 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.