Dundee Precious Metals (TSE:DPM) Reaches New 1-Year High - Here's Why

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$14.80 and last traded at C$14.66, with a volume of 159605 shares. The stock had previously closed at C$14.28.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. BMO Capital Markets increased their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. CIBC boosted their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Finally, Scotiabank increased their price target on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th.

Dundee Precious Metals Trading Up 2.2 %

The stock has a market capitalization of C$2.71 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.04 and a beta of 1.20. 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 firm has a fifty day moving average of C$13.49 and a 200-day moving average of C$13.26.

Dundee Precious Metals (TSE:DPM - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share for the quarter, missing analysts' consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. As a group, equities analysts predict that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, December 31st. Dundee Precious Metals's dividend payout ratio (DPR) is 14.47%.

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.