BMO Capital Markets Raises Dundee Precious Metals (TSE:DPM) Price Target to C$18.50

Dundee Precious Metals (TSE:DPM) had its price objective raised by BMO Capital Markets from C$15.50 to C$18.50 in a research note released on Monday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on DPM. Jefferies Financial Group lifted their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Scotiabank increased their price target on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. CIBC boosted their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Royal Bank of Canada increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd.

Dundee Precious Metals Stock Performance

Shares of DPM opened at C$14.12 on Monday. The firm has a market cap of C$2.54 billion, a PE ratio of 9.29, a PEG ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The stock’s fifty day moving average price is C$13.53 and its two-hundred day moving average price is C$12.01. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$14.81.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The business had revenue of C$214.59 million for the quarter. On average, equities research analysts forecast that Dundee Precious Metals will post 1.9039474 EPS for the current year.

Dundee Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Dundee Precious Metals’s dividend payout ratio is currently 14.47%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. 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.