Scotiabank Has Negative Outlook of TSE:DPM FY2024 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Equities research analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for shares of Dundee Precious Metals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now anticipates that the mining company will post earnings per share of $1.27 for the year, down from their previous forecast of $1.71. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. Scotiabank also issued estimates for Dundee Precious Metals’ FY2026 earnings at $1.12 EPS.

DPM has been the topic of several other reports. Royal Bank of Canada upped their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. CIBC boosted their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Jefferies Financial Group increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets boosted their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Trading Up 2.1 %

Shares of DPM stock opened at C$13.91 on Monday. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.04 and a beta of 1.20. The stock has a 50-day moving average of C$13.13 and a 200-day moving average of C$13.01.

Dundee Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.054 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 1.55%. Dundee Precious Metals’s dividend payout ratio is currently 14.47%.

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.