Dundee Precious Metals (TSE:DPM) Sets New 1-Year High at $13.65

Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$13.65 and last traded at C$13.55, with a volume of 98527 shares trading hands. The stock had previously closed at C$13.33.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DPM shares. Royal Bank of Canada boosted their price target 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. CIBC upped their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Scotiabank raised their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group increased their target price on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th.

Dundee Precious Metals Stock Performance

The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.04 and a beta of 1.20. 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 firm has a fifty day simple moving average of C$12.58 and a 200-day simple moving average of C$11.35.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.10. The firm had revenue of C$214.59 million for the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. Analysts forecast that Dundee Precious Metals Inc. will post 1.8411348 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.63%. Dundee Precious Metals’s dividend payout ratio is presently 14.77%.

Insider Transactions at Dundee Precious Metals

In other news, Director Xuefeng Chen sold 6,750 shares of the company’s 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. 0.16% of the stock is currently owned by 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.