National Bank Financial Predicts TSE:DPM Q3 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Equities research analysts at National Bank Financial decreased their Q3 2024 earnings estimates for shares of Dundee Precious Metals in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.50. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.26 EPS.

Several other research analysts have also recently issued reports on DPM. BMO Capital Markets raised their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday. CIBC upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Finally, Scotiabank raised their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th.

Dundee Precious Metals Stock Performance

Shares of DPM opened at C$14.12 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The stock has a 50-day moving average of C$13.53 and a two-hundred day moving average of C$12.01. The stock has a market cap of C$2.54 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$14.81.

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, topping 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 business had revenue of C$214.59 million during the quarter.

Insider Buying and Selling

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other 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 value of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. 0.16% of the stock is owned by insiders.

Dundee Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.055 per share. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.56%. Dundee Precious Metals’s dividend payout ratio (DPR) is 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.