Dundee Precious Metals Inc. (TSE:DPM) to Issue Quarterly Dividend of $0.05

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.054 per share by the mining company on Wednesday, January 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 31st.

Dundee Precious Metals Trading Down 0.5 %

DPM stock opened at C$13.20 on Friday. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$14.81. The firm’s 50-day moving average is C$13.30 and its 200 day moving average is C$12.77. The company has a market capitalization of C$2.37 billion, a PE ratio of 8.68, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank lifted their target price on Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. BMO Capital Markets raised their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Jefferies Financial Group boosted their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, CIBC increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research note on Thursday, December 19th.

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.