Dundee Precious Metals (TSE:DPM – Free Report) had its price target boosted by Canaccord Genuity Group from C$13.50 to C$16.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.
A number of other equities research analysts also recently commented on the company. Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Stifel Nicolaus lifted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. CIBC lifted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. National Bankshares lifted their price objective on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Finally, Scotiabank lifted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd.
Get Our Latest Report on Dundee Precious Metals
Dundee Precious Metals Price Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last posted its earnings results on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). Dundee Precious Metals had a net margin of 37.12% and a return on equity of 16.18%. The business had revenue of C$166.90 million during the quarter. Equities analysts expect that Dundee Precious Metals will post 1.428934 EPS for the current year.
Dundee Precious Metals Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.89%. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, June 28th. Dundee Precious Metals’s payout ratio is presently 16.67%.
Insider Buying and Selling
In related news, Senior Officer David Rae sold 42,339 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total transaction of C$467,422.56. In other Dundee Precious Metals news, Senior Officer Navin Dyal acquired 15,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of C$10.70 per share, with a total value of C$160,500.00. Also, Senior Officer David Rae sold 42,339 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total value of C$467,422.56. Insiders sold 62,181 shares of company stock valued at $683,972 in the last three months. 0.14% of the stock is owned by corporate 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.
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