Dundee Precious Metals (TSE:DPM) Given New C$18.00 Price Target at Royal Bank of Canada

Dundee Precious Metals (TSE:DPM) had its price objective raised by Royal Bank of Canada from C$17.00 to C$18.00 in a report published on Friday morning,BayStreet.CA reports.

DPM has been the topic of several other research reports. Jefferies Financial Group increased their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Scotiabank raised their price target on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. Finally, BMO Capital Markets increased their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$12.83 on Friday. The business’s fifty day simple moving average is C$13.49 and its 200-day simple moving average is C$12.57. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The firm has a market cap of C$2.31 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81.

Dundee Precious Metals Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, December 31st. Dundee Precious Metals’s payout ratio is 14.47%.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, 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. Company insiders own 0.16% of the company’s stock.

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.