Dundee Precious Metals Inc. (TSE:DPM) Plans Dividend Increase – $0.06 Per Share

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.055 per share by the mining company on Monday, July 15th. This represents a $0.22 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, June 28th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.05.

Dundee Precious Metals Trading Up 2.0 %

TSE DPM traded up C$0.21 during trading on Thursday, hitting C$10.89. The company had a trading volume of 209,720 shares, compared to its average volume of 546,569. The company’s fifty day moving average is C$10.30 and its 200-day moving average is C$9.41. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$11.32. 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 cap of C$1.98 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.04 and a beta of 1.24.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results 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 during the quarter. On average, sell-side analysts predict that Dundee Precious Metals will post 1.3451327 earnings per share for the current year.

Insiders Place Their Bets

In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the transaction, the director now 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 company’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 directly owns 550 shares in the company, valued at C$5,527.50. Also, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$9.97, for a total transaction of C$124,595.09. Insiders have sold a total of 79,790 shares of company stock valued at $798,029 in the last 90 days. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DPM. Stifel Nicolaus lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. National Bankshares cut their price objective on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a research report on Friday, April 19th. CIBC upped 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 company a “buy” rating in a research report on Thursday, February 29th. Finally, Scotiabank raised their price target on shares of Dundee Precious Metals from C$13.25 to C$14.00 in a report on Thursday, May 2nd.

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.