Canaccord Genuity Group Boosts Dundee Precious Metals (TSE:DPM) Price Target to C$16.00

Dundee Precious Metals (TSE:DPM) had its price target upped by Canaccord Genuity Group from C$13.50 to C$16.00 in a research report report published on Tuesday, BayStreet.CA reports.

Several other analysts also recently issued reports on DPM. Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. National Bankshares lifted their target price on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. CIBC lifted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Stifel Nicolaus lifted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Finally, Scotiabank lifted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd.

Dundee Precious Metals Price Performance

TSE:DPM opened at C$11.61 on Tuesday. The business’s 50-day simple moving average is C$11.25 and its two-hundred day simple moving average is C$10.17. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$12.35. The stock has a market cap of C$2.11 billion, a PE ratio of 8.80, a P/E/G ratio of 0.04 and a beta of 1.23. 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 (TSE:DPM) last released its earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.03). The business had revenue of C$166.90 million for the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. As a group, analysts forecast that Dundee Precious Metals will post 1.428934 EPS for the current fiscal year.

Dundee Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a $0.055 dividend. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a yield of 1.89%. Dundee Precious Metals’s payout ratio is presently 16.67%.

Insider Transactions at Dundee Precious Metals

In related news, Senior Officer Navin Dyal bought 15,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was purchased at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In other news, Senior Officer David Rae sold 42,339 shares of Dundee Precious Metals stock in a transaction that occurred 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. Also, Senior Officer Navin Dyal acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of C$10.70 per share, with a total value of C$160,500.00. In the last 90 days, insiders sold 62,181 shares of company stock worth $683,972. 0.14% of the stock is currently owned by company 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.