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

Dundee Precious Metals (TSE:DPM) had its target price hoisted by BMO Capital Markets from C$15.50 to C$18.50 in a report issued on Monday, BayStreet.CA reports.

Several other brokerages also recently commented on DPM. Royal Bank of Canada raised their target price 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. Jefferies Financial Group boosted their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. CIBC upped their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Canaccord Genuity Group lifted their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, Scotiabank upped their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th.

Dundee Precious Metals Price Performance

DPM opened at C$14.55 on Monday. The company has a 50 day moving average of C$13.45 and a two-hundred day moving average of C$11.95. 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 quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The company has a market cap of C$2.61 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.04 and a beta of 1.20.

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

Dundee Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.51%. Dundee Precious Metals’s dividend payout ratio is presently 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 company’s stock in a transaction dated 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 related 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 transaction 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 transaction 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.