Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.00

Dundee Precious Metals (TSE:DPMFree Report) had its price target lifted by Scotiabank from C$16.50 to C$18.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other research firms also recently issued reports on DPM. Royal Bank of Canada raised their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets raised their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Finally, Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th.

View Our Latest Research Report on Dundee Precious Metals

Dundee Precious Metals Stock Up 0.2 %

Shares of TSE:DPM opened at C$13.27 on Thursday. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$14.81. The company has a market capitalization of C$2.38 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a fifty day moving average price of C$13.60 and a two-hundred day moving average price of C$12.40. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61.

Dundee Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 1.63%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals’s payout ratio is currently 14.47%.

Insider Activity

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

About Dundee Precious Metals

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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.

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