Scotiabank Expects Lower Earnings for Dundee Precious Metals

Dundee Precious Metals Inc. (TSE:DPM) – Investment analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for shares of Dundee Precious Metals in a report issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the mining company will post earnings per share of $1.27 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.

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

Dundee Precious Metals Trading Down 1.4 %

DPM stock opened at C$13.63 on Monday. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The company has a market capitalization of C$2.45 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company’s 50-day simple moving average is C$13.13 and its 200 day simple moving average is C$12.99. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals Cuts Dividend

The firm 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 $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals’s dividend payout ratio is presently 14.47%.

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.