Dundee Precious Metals (TSE:DPM – Free 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 %
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
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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