Brokers Offer Predictions for TSE:DPM Q3 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Research analysts at National Bank Financial decreased their Q3 2024 EPS estimates for shares of Dundee Precious Metals in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.50. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.26 EPS.

DPM has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. CIBC raised their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. BMO Capital Markets increased their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Scotiabank raised their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Finally, Jefferies Financial Group boosted their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th.

Dundee Precious Metals Price Performance

Shares of TSE:DPM opened at C$13.89 on Friday. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The stock has a market cap of C$2.50 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock’s fifty day simple moving average is C$13.54 and its two-hundred day simple moving average is C$12.04. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The company had revenue of C$214.59 million for the quarter.

Insider Buying and Selling

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total value of C$86,400.00. 0.16% of the stock is owned by corporate insiders.

Dundee Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, September 27th. Dundee Precious Metals’s dividend payout ratio is currently 14.47%.

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.