Dundee Precious Metals (TSE:DPM) Price Target Raised to C$17.00

Dundee Precious Metals (TSE:DPM) had its price objective boosted by CIBC from C$16.00 to C$17.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada upped their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Scotiabank upped their target price on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research note on Thursday, November 21st. Jefferies Financial Group raised their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, BMO Capital Markets boosted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Price Performance

Dundee Precious Metals stock opened at C$12.99 on Thursday. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$14.81. The company’s fifty day moving average price is C$13.38 and its 200 day moving average price is C$12.69. 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$2.33 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.66%. Dundee Precious Metals’s dividend payout ratio is currently 14.47%.

Insiders Place Their Bets

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. 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.