FY2024 Earnings Estimate for TSE:DPM Issued By Stifel Canada

Dundee Precious Metals Inc. (TSE:DPM) – Research analysts at Stifel Canada lifted their FY2024 earnings estimates for Dundee Precious Metals in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $1.88 for the year, up from their previous estimate of $1.75. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share.

Several other equities research analysts have also recently issued reports on DPM. Jefferies Financial Group raised 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. Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Scotiabank lifted their price target on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. BMO Capital Markets lifted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday. Finally, Royal Bank of Canada lifted 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 Price Performance

DPM opened at C$14.12 on Wednesday. The company’s 50 day simple moving average is C$13.53 and its 200 day simple moving average is C$12.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$14.81. The stock has a market capitalization of C$2.54 billion, a PE ratio of 9.29, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of C$214.59 million for the quarter.

Dundee Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.055 per share. The ex-dividend date of this dividend 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 currently 14.47%.

Insider Transactions 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 on 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 business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals 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. Corporate insiders own 0.16% 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.