Dundee Precious Metals (TSE:DPM) Price Target Raised to C$17.00

Dundee Precious Metals (TSE:DPM) had its target price lifted by CIBC from C$16.00 to C$17.00 in a research note published on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. BMO Capital Markets boosted their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Finally, Scotiabank upped their price target on Dundee Precious Metals from C$16.50 to C$18.00 in a report on Thursday, November 21st.

Dundee Precious Metals Stock Up 1.1 %

DPM opened at C$12.99 on Thursday. 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 12 month low of C$7.79 and a 12 month high of C$14.81. The stock has a market capitalization of C$2.33 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.04 and a beta of 1.20. The business has a 50 day simple moving average of C$13.38 and a 200-day simple moving average of C$12.69.

Dundee Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 14.47%.

Insider Buying and Selling

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s 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 transaction of C$101,635.38. 0.16% of the stock is currently owned by company 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.