Dundee Precious Metals Inc. (TSE:DPM) Announces $0.05 Quarterly Dividend

Dundee Precious Metals Inc. (TSE:DPM) declared a quarterly dividend on Tuesday, November 5th, Zacks 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 1.66%. The ex-dividend date is Tuesday, December 31st.

Dundee Precious Metals Trading Down 0.2 %

TSE:DPM traded down C$0.02 during midday trading on Thursday, hitting C$13.03. 75,676 shares of the company traded hands, compared to its average volume of 484,060. The firm has a market capitalization of C$2.34 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.04 and a beta of 1.20. The firm’s fifty day moving average is C$13.64 and its 200-day moving average is C$12.23. Dundee Precious Metals has a 12-month low of C$7.79 and a 12-month 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DPM shares. BMO Capital Markets raised their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Royal Bank of Canada boosted their target price on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank increased their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, CIBC increased their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th.

Insiders Place Their Bets

In other news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total value of C$86,400.00. Company insiders own 0.16% of the company’s stock.

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.