Dundee Precious Metals (TSE:DPM) PT Raised to C$15.00 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its price target lifted by Scotiabank from C$14.00 to C$15.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. 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 report on Thursday, February 29th. CIBC boosted their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. National Bankshares lifted their price target on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Canaccord Genuity Group lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th.

Dundee Precious Metals Stock Up 2.8 %

Shares of TSE:DPM opened at C$11.21 on Thursday. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$11.34. The company has a 50 day moving average of C$10.58 and a 200-day moving average of C$9.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.92 and a quick ratio of 6.61. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.04 and a beta of 1.23.

Dundee Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.05. Dundee Precious Metals’s payout ratio is presently 16.67%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction on 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 sale, the director now owns 550 shares of the company’s stock, valued at C$5,527.50. In other news, Senior Officer David Rae sold 6,301 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total value of C$62,316.89. Also, Director Anthony P. Walsh sold 7,200 shares of the business’s 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 completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. Over the last quarter, insiders have sold 141,971 shares of company stock valued at $1,482,001. 0.14% of the stock is currently owned by corporate insiders.

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.