Dundee Precious Metals (TSE:DPM – Free Report) had its target price upped by Scotiabank from C$13.25 to C$14.00 in a research note released on Thursday morning, BayStreet.CA reports.
A number of other equities analysts have also recently commented on DPM. National Bankshares reduced their price target on Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday, April 19th. Canaccord Genuity Group lifted their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the company a buy rating in a research note on Thursday, February 29th. Stifel Nicolaus lifted their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. Finally, CIBC increased their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th.
Read Our Latest Stock Report on Dundee Precious Metals
Dundee Precious Metals Stock Up 0.1 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The firm had revenue of C$189.66 million for the quarter. On average, analysts expect that Dundee Precious Metals will post 1.137045 earnings per share for the current fiscal year.
Dundee Precious Metals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s payout ratio is 16.54%.
Insider Activity
In related news, Director Anthony P. Walsh sold 7,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. In related news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at C$5,527.50. Also, Director Robert Peter Charles Gillin sold 8,620 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total value of C$85,338.00. Over the last 90 days, insiders sold 79,790 shares of company stock valued at $798,029. 0.11% of the stock is owned by company 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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