Shares of Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$10.94 and last traded at C$10.88, with a volume of 142567 shares. The stock had previously closed at C$10.64.
Wall Street Analysts Forecast Growth
DPM has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. National Bankshares dropped their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a research report on Friday, April 19th. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a “buy” rating in a research report on Thursday, February 29th. CIBC lifted their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Finally, Canaccord Genuity Group increased their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd.
View Our Latest Research Report on DPM
Dundee Precious Metals Stock Down 1.7 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The company had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. As a group, analysts forecast that Dundee Precious Metals Inc. will post 1.3451327 EPS for the current fiscal year.
Dundee Precious Metals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s payout ratio is currently 16.42%.
Insider Buying and Selling at Dundee Precious Metals
In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now owns 550 shares in the company, valued at C$5,527.50. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. Also, Senior Officer David Rae sold 6,301 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total transaction of C$62,316.89. Insiders have sold 79,790 shares of company stock valued at $798,029 in the last quarter. 0.09% 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.
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