Research Analysts Set Expectations for TSE:DPM Q3 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Stock analysts at National Bank Financial lowered their Q3 2024 earnings estimates for Dundee Precious Metals in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.50. 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’ FY2025 earnings at $2.26 EPS.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. CIBC increased their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Scotiabank lifted their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th.

Dundee Precious Metals Stock Down 1.6 %

TSE:DPM opened at C$13.89 on Friday. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The stock’s fifty day moving average is C$13.54 and its two-hundred day moving average is C$12.05. The stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data 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. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The firm had revenue of C$214.59 million during the quarter.

Dundee Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.055 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.58%. Dundee Precious Metals’s dividend payout ratio is currently 14.47%.

Insiders Place Their Bets

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s 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. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated Friday, September 27th. The stock was 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 the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. 0.16% of the stock is currently owned by company 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.