Dundee Precious Metals (TSE:DPM) Price Target Increased to C$16.00 by Analysts at Jefferies Financial Group

Dundee Precious Metals (TSE:DPM) had its target price increased by Jefferies Financial Group from C$15.00 to C$16.00 in a research note released on Friday, BayStreet.CA reports.

Several other equities research analysts have also commented on the company. National Bankshares boosted their price objective on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Stifel Nicolaus boosted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Scotiabank boosted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. Finally, CIBC boosted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday.

Dundee Precious Metals Price Performance

Shares of Dundee Precious Metals stock opened at C$12.14 on Friday. The company has a quick ratio of 6.61, a current ratio of 6.92 and a debt-to-equity ratio of 1.20. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$12.33. The business has a 50-day moving average price of C$11.07 and a 200 day moving average price of C$9.96. The firm has a market cap of C$2.20 billion, a PE ratio of 9.20, a P/E/G ratio of 0.04 and a beta of 1.23.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The firm had revenue of C$166.90 million for the quarter. Sell-side analysts predict that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.

Dundee Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a $0.055 dividend. The ex-dividend date is Friday, June 28th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 1.81%. Dundee Precious Metals’s dividend payout ratio is currently 16.67%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Navin Dyal acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of C$10.70 per share, for a total transaction of C$160,500.00. In other Dundee Precious Metals news, Senior Officer Navin Dyal acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of C$10.70 per share, for a total transaction of C$160,500.00. Also, Senior Officer David Rae sold 42,339 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total value of C$467,422.56. Over the last three months, insiders have sold 62,181 shares of company stock worth $683,972. Insiders own 0.14% of the company’s stock.

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.