Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.00

Dundee Precious Metals (TSE:DPM) had its price objective raised by Scotiabank from C$16.50 to C$18.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other analysts have also commented on the company. Royal Bank of Canada raised their target price on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st.

Dundee Precious Metals Stock Up 0.2 %

Shares of DPM stock opened at C$13.27 on Thursday. The stock’s 50-day simple moving average is C$13.60 and its 200-day simple moving average is C$12.41. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The firm has a market capitalization of C$2.38 billion, a PE ratio of 8.73, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$14.81.

Dundee Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.63%. Dundee Precious Metals’s payout ratio is 14.47%.

Insider Buying and Selling

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction dated 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 company insiders.

Dundee Precious Metals Company Profile

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.