Dundee Precious Metals (TSE:DPM) Given New C$17.00 Price Target at Royal Bank of Canada

Dundee Precious Metals (TSE:DPM) had its target price hoisted by Royal Bank of Canada from C$16.00 to C$17.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Other analysts also recently issued research reports about the company. Scotiabank lifted their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Canaccord Genuity Group increased their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. CIBC raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. National Bankshares upped their price target on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group lifted their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th.

Dundee Precious Metals Stock Up 2.5 %

DPM stock opened at C$12.98 on Tuesday. The business has a 50-day moving average of C$12.33 and a 200-day moving average of C$11.17. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$13.62. The stock has a market capitalization of C$2.33 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.04 and a beta of 1.18. 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 (TSE:DPM) last posted 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. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The company had revenue of C$214.59 million for the quarter. On average, sell-side analysts anticipate that Dundee Precious Metals will post 1.6620253 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, September 27th. Dundee Precious Metals’s dividend payout ratio is currently 14.86%.

Insider Transactions at Dundee Precious Metals

In related news, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. Insiders own 0.16% of the company’s stock.

Dundee Precious Metals Company Profile

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.