Kelly Elizabeth Stark-Anderson Sells 7,333 Shares of Dundee Precious Metals Inc. (TSE:DPM) Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38.

Dundee Precious Metals Price Performance

Shares of TSE:DPM opened at C$13.66 on Friday. The business has a 50 day moving average price of C$12.81 and a 200 day moving average price of C$11.50. Dundee Precious Metals Inc. has a twelve month low of C$7.79 and a twelve month high of C$14.34. The company has a market cap of C$2.45 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, beating the consensus estimate of C$0.43 by C$0.10. The firm 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%. Research analysts predict that Dundee Precious Metals Inc. will post 1.844898 earnings per share for the current year.

Dundee Precious Metals Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.61%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.67%.

Analyst Upgrades and Downgrades

DPM has been the subject of several recent analyst reports. CIBC upped their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price target on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group upped their price target on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. Canaccord Genuity Group upped their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, Scotiabank increased their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th.

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.