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

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Tuesday, December 31st will be given 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 of this dividend is Tuesday, December 31st.

Dundee Precious Metals Stock Down 0.1 %

Shares of TSE DPM traded down C$0.01 during mid-day trading on Thursday, reaching C$13.04. The company had a trading volume of 39,929 shares, compared to its average volume of 483,739. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$14.81. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The stock has a market capitalization of C$2.34 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock’s 50 day moving average is C$13.64 and its 200-day moving average is C$12.23.

Insider Buying and Selling at Dundee Precious Metals

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DPM. Scotiabank upped their price target on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Jefferies Financial Group increased their target price 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 upped their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

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.