FY2024 Earnings Estimate for TSE:DPM Issued By Stifel Canada

Dundee Precious Metals Inc. (TSE:DPM) – Stifel Canada upped their FY2024 earnings per share estimates for shares of Dundee Precious Metals in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $1.88 for the year, up from their previous estimate of $1.75. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.10. The business 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%.

Several other equities research analysts have also commented on the stock. BMO Capital Markets boosted their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday. Scotiabank upped their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Royal Bank of Canada lifted their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, CIBC boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th.

Dundee Precious Metals Price Performance

Shares of TSE:DPM opened at C$14.28 on Wednesday. The company has a market cap of C$2.57 billion, a P/E ratio of 9.39, a PEG ratio of 0.04 and a beta of 1.20. The company has a 50-day moving average price of C$13.51 and a 200 day moving average price of C$12.00. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction on 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 insiders.

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.055 per share. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.54%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.47%.

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.