Dundee Precious Metals (TSE:DPM – Free Report) had its target price boosted by Scotiabank from C$13.25 to C$14.00 in a research report released on Thursday morning, BayStreet.CA reports.
Other equities analysts have also issued research reports about the company. CIBC increased their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Canaccord Genuity Group increased their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd. National Bankshares dropped their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday, April 19th. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the company a buy rating in a research note on Thursday, February 29th. Finally, Stifel Nicolaus raised their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th.
Get Our Latest Stock Report on Dundee Precious Metals
Dundee Precious Metals Price Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The company had revenue of C$189.66 million during the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. Equities analysts forecast that Dundee Precious Metals will post 1.137045 EPS for the current year.
Dundee Precious Metals Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is presently 16.54%.
Insider Activity
In related news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. In related news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the sale, the director now directly owns 550 shares of the company’s stock, valued at approximately C$5,527.50. Also, Senior Officer David Rae sold 6,301 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total transaction of C$62,316.89. In the last quarter, insiders have sold 79,790 shares of company stock worth $798,029. Insiders own 0.11% of the company’s stock.
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.
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