Dundee Precious Metals (TSE:DPM – Free Report) had its price target boosted by CIBC from C$11.50 to C$13.00 in a report issued on Monday morning, BayStreet.CA reports.
A number of other research firms have also commented on DPM. Scotiabank dropped their price target on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research report on Thursday, February 15th. Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lowered their price objective on shares of Dundee Precious Metals from C$15.00 to C$14.00 and set an outperform rating on the stock in a research note on Wednesday, December 20th.
View Our Latest Research Report on DPM
Dundee Precious Metals Trading Up 0.4 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 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 firm had revenue of C$189.66 million during the quarter. Equities analysts anticipate that Dundee Precious Metals will post 1.137045 EPS for the current year.
Dundee Precious Metals Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.054 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 2.01%. Dundee Precious Metals’s payout ratio is 16.54%.
Insider Transactions at Dundee Precious Metals
In other Dundee Precious Metals news, Director Nikolay Hristov sold 3,799 shares of Dundee Precious Metals stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total transaction of C$38,369.90. In other Dundee Precious Metals news, Director Nikolay Hristov sold 3,799 shares of Dundee Precious Metals stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total transaction of C$38,369.90. Also, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the sale, the director now owns 550 shares in the company, valued at approximately C$5,527.50. Over the last quarter, insiders have sold 79,790 shares of company stock worth $798,029. 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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