Dundee Precious Metals (TSE:DPM – Free Report) had its price objective increased by Canaccord Genuity Group from C$13.00 to C$13.25 in a report released on Tuesday, BayStreet.CA reports.
A number of other research analysts have also recently issued reports on DPM. CIBC boosted their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Stifel Nicolaus boosted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Scotiabank decreased their target price on Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. National Bankshares decreased their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday, April 19th. Finally, Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the stock a buy rating in a research report on Thursday, February 29th.
Dundee Precious Metals Stock Up 1.8 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last posted its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The business had revenue of C$189.66 million during the quarter. Research analysts predict that Dundee Precious Metals will post 1.137045 EPS for the current year.
Dundee Precious Metals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 2.02%. Dundee Precious Metals’s dividend payout ratio is currently 16.54%.
Insider Transactions at Dundee Precious Metals
In related news, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$9.97, for a total transaction of C$124,595.09. In related news, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$9.97, for a total transaction of C$124,595.09. Also, Director Nikolay Hristov sold 3,799 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$10.10, for a total value of C$38,369.90. Insiders sold 79,790 shares of company stock valued at $798,029 over the last three months. Company insiders own 0.11% 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.
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