Dundee Precious Metals Inc. (DPM) to Issue Quarterly Dividend of $0.06 on October 15th

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Friday, September 27th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.055 per share by the mining company on Tuesday, October 15th. This represents a $0.22 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, September 27th.

Dundee Precious Metals Stock Up 1.5 %

TSE:DPM opened at C$13.81 on Wednesday. The stock has a 50-day simple moving average of C$12.68 and a 200 day simple moving average of C$11.44. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$13.97. The company has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.10. The firm had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. Sell-side analysts predict that Dundee Precious Metals will post 1.844898 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DPM shares. Canaccord Genuity Group raised their target price on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. CIBC boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Jefferies Financial Group raised their price target on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. Royal Bank of Canada boosted their price objective on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank raised their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th.

Insider Transactions at Dundee Precious Metals

In other news, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total value of C$86,400.00. Company insiders own 0.16% 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.