What is Scotiabank’s Estimate for TSE:DPM FY2024 Earnings?

Dundee Precious Metals Inc. (TSE:DPM) – Analysts at Scotiabank decreased their FY2024 earnings per share estimates for shares of Dundee Precious Metals in a research report issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the mining company will earn $1.27 per share for the year, down from their previous forecast of $1.71. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. Scotiabank also issued estimates for Dundee Precious Metals’ FY2026 earnings at $1.12 EPS.

Several other research analysts have also recently issued reports on the company. CIBC upped their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. BMO Capital Markets upped their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Jefferies Financial Group upped their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada upped their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th.

Dundee Precious Metals Price Performance

Shares of TSE DPM opened at C$13.82 on Monday. The stock’s 50-day moving average is C$13.13 and its two-hundred day moving average is C$12.97. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81. The company has a market cap of C$2.48 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.054 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.56%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 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.