Dundee Precious Metals (TSE:DPM) Price Target Increased to C$13.00 by Analysts at CIBC

Dundee Precious Metals (TSE:DPM) had its price objective hoisted by CIBC from C$11.50 to C$13.00 in a report released on Monday morning, BayStreet.CA reports.

DPM has been the subject of several other reports. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the stock a buy rating in a report on Thursday, February 29th. Scotiabank reduced their target price on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Finally, Royal Bank of Canada reduced their target price on Dundee Precious Metals from C$15.00 to C$14.00 and set an outperform rating for the company in a report on Wednesday, December 20th.

Dundee Precious Metals Price Performance

Shares of TSE DPM opened at C$10.49 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. The stock has a fifty day moving average price of C$9.55 and a 200 day moving average price of C$9.15. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$10.94. The company has a market cap of C$1.90 billion, a PE ratio of 7.89, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The company had revenue of C$189.66 million for the quarter. Sell-side analysts forecast that Dundee Precious Metals will post 1.137045 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is currently 16.54%.

Insider Activity

In other news, Director Anthony P. Walsh sold 7,200 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now owns 550 shares in the company, valued at C$5,527.50. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$10.13, for a total value of C$205,294.58. Also, Director Anthony P. Walsh sold 7,200 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now owns 550 shares of the company’s stock, valued at approximately C$5,527.50. Insiders sold a total of 79,790 shares of company stock worth $798,029 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

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.