Insider Selling: Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Sells 8,666 Shares of Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Iliya Garkov sold 8,666 shares of Dundee Precious Metals stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$9.92, for a total value of C$85,966.72.

Dundee Precious Metals Stock Performance

Shares of DPM stock opened at C$10.37 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. Dundee Precious Metals Inc. has a one year low of C$7.79 and a one year high of C$10.78. The business’s 50 day simple moving average is C$9.07 and its 200 day simple moving average is C$8.96. The stock has a market capitalization of C$1.88 billion, a PE ratio of 7.80, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share 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. As a group, research analysts forecast that Dundee Precious Metals Inc. will post 1.1101322 earnings per share for the current year.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is presently 16.54%.

Analyst Ratings Changes

DPM has been the subject of a number of research reports. Scotiabank cut their target price on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a “buy” rating in a report on Thursday, February 29th. Canaccord Genuity Group upped their price target on shares of Dundee Precious Metals from C$10.50 to C$12.50 in a report on Thursday, November 30th. Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$12.25 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, BMO Capital Markets increased their price objective on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Wednesday, December 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$13.34.

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.