Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High at $10.94

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.94 and last traded at C$10.88, with a volume of 142567 shares trading hands. The stock had previously closed at C$10.64.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DPM. Canaccord Genuity Group boosted their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd. Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the company a “buy” rating in a research report on Thursday, February 29th. Stifel Nicolaus lifted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. Scotiabank increased their price target on shares of Dundee Precious Metals from C$13.25 to C$14.00 in a report on Thursday. Finally, National Bankshares reduced their price objective on Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday, April 19th.

Dundee Precious Metals Stock Up 2.3 %

The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 1.12. The company has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.04 and a beta of 1.24. The firm’s 50-day moving average price is C$10.18 and its 200 day moving average price is C$9.37.

Dundee Precious Metals (TSE:DPM) last released 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 business had revenue of C$189.66 million during the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. On average, sell-side analysts forecast that Dundee Precious Metals Inc. will post 1.3451327 EPS 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. Investors of record on Sunday, March 31st were issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is 16.42%.

Insiders Place Their Bets

In related news, Senior Officer David Rae sold 6,301 shares of Dundee Precious Metals stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total transaction of C$62,316.89. In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 8,620 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total value of C$85,338.00. Also, Senior Officer David Rae sold 6,301 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total value of C$62,316.89. Insiders sold a total of 79,790 shares of company stock valued at $798,029 in the last 90 days. Corporate insiders own 0.09% 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.