Dundee Precious Metals (TSE:DPM) Sets New 12-Month High at $13.65

Dundee Precious Metals Inc. (TSE:DPM)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$13.65 and last traded at C$13.55, with a volume of 98527 shares trading hands. The stock had previously closed at C$13.33.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Dundee Precious Metals from C$15.00 to C$16.00 in a report on Friday, July 12th. CIBC lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Canaccord Genuity Group lifted their price objective on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada upped 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 report on Tuesday, September 10th.

Dundee Precious Metals Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The company’s fifty day moving average price is C$12.61 and its 200 day moving average price is C$11.38. The company has a market cap of C$2.44 billion, a PE ratio of 9.04, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, beating the consensus estimate 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 firm had revenue of C$214.59 million during the quarter. On average, equities research analysts predict that Dundee Precious Metals Inc. will post 1.844898 earnings per share for the current 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 given a $0.055 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.62%. Dundee Precious Metals’s dividend payout ratio is currently 14.67%.

Insider Buying and Selling at Dundee Precious Metals

In related news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. Corporate 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.