Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high on Thursday . The stock traded as high as C$14.34 and last traded at C$14.30, with a volume of 91561 shares changing hands. The stock had previously closed at C$14.12.

Analyst Upgrades and Downgrades

DPM has been the topic of a number of research analyst reports. CIBC increased 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. Jefferies Financial Group boosted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Canaccord Genuity Group increased their target price on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Royal Bank of Canada boosted 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 note on Tuesday, September 10th. Finally, Scotiabank raised their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th.

Dundee Precious Metals Stock Up 0.1 %

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 stock has a market capitalization of C$2.54 billion, a PE ratio of 9.48, a P/E/G ratio of 0.04 and a beta of 1.20. The stock’s fifty day simple moving average is C$13.33 and its 200-day simple moving average is C$11.86.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.10. The business had revenue of C$214.59 million for the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. As a group, sell-side analysts forecast that Dundee Precious Metals Inc. will post 1.851552 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.055 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.56%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 14.77%.

Insider Transactions at Dundee Precious Metals

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated 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, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total value of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’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 transaction of C$101,635.38. Company 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.