Dundee Precious Metals Inc. (TSE:DPM – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$14.80 and last traded at C$14.66, with a volume of 159605 shares. The stock had previously closed at C$14.28.
Analyst Upgrades and Downgrades
DPM has been the subject of several recent analyst reports. Jefferies Financial Group increased their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. BMO Capital Markets raised their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. CIBC increased their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Scotiabank boosted their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th.
Read Our Latest Stock Report on DPM
Dundee Precious Metals Stock Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last issued its earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. Sell-side analysts predict that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current year.
Dundee Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, December 31st. Dundee Precious Metals’s payout ratio is 14.47%.
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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