Dundee Precious Metals (TSE:DPM) Reaches New 1-Year High at $10.94

Dundee Precious Metals Inc. (TSE:DPM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$10.94 and last traded at C$10.76, with a volume of 44025 shares traded. The stock had previously closed at C$10.69.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DPM. Stifel Nicolaus lifted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday. CIBC boosted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research report on Monday, April 15th. National Bankshares dropped their target price on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday. Scotiabank dropped their target price on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Finally, Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the stock a “buy” rating in a research note on Thursday, February 29th.

Dundee Precious Metals Stock Performance

The stock has a market cap of C$1.96 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.04 and a beta of 1.20. The stock’s fifty day moving average is C$9.74 and its 200-day moving average is C$9.20. The company has a quick ratio of 6.61, a current ratio of 6.70 and a debt-to-equity ratio of 0.28.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.10). The company had revenue of C$189.66 million during the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. On average, analysts forecast that Dundee Precious Metals Inc. will post 1.137045 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 16.54%.

Insider Buying and Selling

In related news, Senior Officer David Rae sold 6,301 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total transaction of C$62,316.89. In other Dundee Precious Metals news, Senior Officer David Rae sold 6,301 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$9.89, for a total transaction of C$62,316.89. Also, Director Robert Peter Charles Gillin sold 8,620 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. Over the last 90 days, insiders sold 79,790 shares of company stock worth $798,029. 0.11% of the stock is owned by 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.