M Partners reaffirmed their buy rating on shares of Dundee Precious Metals (TSE:DPM) in a research report released on Wednesday, Stock Target Advisor reports.
Several other brokerages have also issued reports on DPM. CIBC upped their target price on Dundee Precious Metals from C$8.75 to C$10.50 in a research report on Wednesday, July 22nd. National Bank Financial upped their target price on Dundee Precious Metals from C$10.00 to C$13.00 and gave the company an outperform rating in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity upped their target price on Dundee Precious Metals from C$9.50 to C$10.50 in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Dundee Precious Metals currently has an average rating of Buy and a consensus target price of C$11.38.
Shares of TSE:DPM opened at C$10.10 on Wednesday. The business’s 50-day moving average is C$8.76 and its 200 day moving average is C$6.63. Dundee Precious Metals has a 1 year low of C$3.20 and a 1 year high of C$10.14. The firm has a market capitalization of $1.83 billion and a P/E ratio of -68.71. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.27 and a quick ratio of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.028 dividend. The ex-dividend date was Monday, June 29th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.03. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.11%. Dundee Precious Metals’s dividend payout ratio is currently -13.61%.
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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