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

Dundee Precious Metals (TSE:DPM) had its target price hoisted by Royal Bank of Canada from C$17.00 to C$18.00 in a report published on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on DPM. BMO Capital Markets boosted their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, Scotiabank increased their price objective on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st.

Dundee Precious Metals Trading Down 2.7 %

Shares of TSE:DPM opened at C$12.83 on Friday. The stock’s 50-day simple moving average is C$13.49 and its two-hundred day simple moving average is C$12.57. 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 stock has a market capitalization of C$2.31 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$14.81.

Dundee Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.054 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 1.68%. Dundee Precious Metals’s dividend payout ratio is presently 14.47%.

Insiders Place Their Bets

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. 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.