Insider Selling: Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Sells 7,333 Shares of Stock

Dundee Precious Metals Inc. (TSE:DPM) 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.

Dundee Precious Metals Trading Down 2.9 %

DPM traded down C$0.41 on Friday, hitting C$13.76. The company had a trading volume of 261,488 shares, compared to its average volume of 505,445. The company’s fifty day moving average price is C$12.72 and its 200 day moving average price is C$11.46. Dundee Precious Metals Inc. has a 1 year low of C$7.79 and a 1 year high of C$14.34. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The firm has a market cap of C$2.47 billion, a P/E ratio of 9.45, a PEG 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 for the quarter, beating the consensus estimate of C$0.43 by C$0.10. The company had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. As a group, equities analysts expect that Dundee Precious Metals Inc. will post 1.844898 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, September 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.67%.

Analyst Upgrades and Downgrades

DPM has been the subject of several recent research reports. Canaccord Genuity Group lifted their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Scotiabank raised their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Royal Bank of Canada boosted their price objective on shares of 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. Finally, CIBC upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th.

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.