Dundee Precious Metals (TSE:DPM) Price Target Lowered to C$13.50 at National Bankshares

Dundee Precious Metals (TSE:DPM) had its target price reduced by National Bankshares from C$14.00 to C$13.50 in a report published on Friday, BayStreet.CA reports.

Several other research firms have also commented on DPM. CIBC lifted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Jefferies Financial Group set a C$13.00 target price on shares of Dundee Precious Metals and gave the stock a buy rating in a research report on Thursday, February 29th. Stifel Nicolaus upped their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday. Finally, Scotiabank decreased their target price on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research report on Thursday, February 15th.

Dundee Precious Metals Price Performance

Shares of DPM stock opened at C$10.80 on Friday. The firm has a market cap of C$1.96 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.04 and a beta of 1.20. 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 has a 1-year low of C$7.79 and a 1-year high of C$10.94. The firm has a fifty day moving average of C$9.74 and a two-hundred day moving average of C$9.20.

Dundee Precious Metals (TSE:DPM) last announced 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). The company had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. As a group, research analysts anticipate that Dundee Precious Metals will post 1.137045 earnings per share for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is currently 16.54%.

Insider Transactions at Dundee Precious Metals

In related news, Director Anthony P. Walsh sold 7,200 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$10.13, for a total transaction of C$205,294.58. Also, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 550 shares in the company, valued at approximately C$5,527.50. In the last three months, insiders sold 79,790 shares of company stock valued at $798,029. Company insiders own 0.11% of the company’s stock.

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.