Dundee Precious Metals Inc. (DPM) To Go Ex-Dividend on June 28th

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.055 per share by the mining company on Monday, July 15th. This represents a $0.22 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05.

Dundee Precious Metals Price Performance

Dundee Precious Metals stock opened at C$10.83 on Wednesday. The company has a market cap of C$1.97 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$11.70. The business has a fifty day moving average of C$10.90 and a two-hundred day moving average of C$9.78. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.61 and a current ratio of 6.92.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The company had revenue of C$166.90 million for the quarter. As a group, analysts predict that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DPM has been the topic of a number of research reports. CIBC upped their price target on Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. National Bankshares lifted their price target on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Scotiabank increased their price objective on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. Stifel Nicolaus raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. Finally, Jefferies Financial Group upped their price target on shares of Dundee Precious Metals from C$13.00 to C$15.00 in a report on Thursday, June 6th.

Insider Activity at Dundee Precious Metals

In other news, Senior Officer Navin Dyal purchased 15,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of C$10.70 per share, for a total transaction of C$160,500.00. In other Dundee Precious Metals news, Director Nikolay Hristov sold 6,267 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$10.90, for a total value of C$68,310.30. Also, Senior Officer Navin Dyal acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In the last quarter, insiders sold 62,181 shares of company stock valued at $683,972. 0.14% of the stock is owned by 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.