Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Dundee Precious Metals (TSE:DPM - Free Report) had its price objective lifted by Royal Bank of Canada from C$17.00 to C$18.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Several other brokerages have also issued reports on DPM. BMO Capital Markets lifted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Scotiabank boosted their target price on Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th.

Dundee Precious Metals Price Performance

Shares of Dundee Precious Metals stock traded down C$0.35 on Friday, hitting C$12.83. 354,800 shares of the company traded hands, compared to its average volume of 482,839. 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. The company has a market cap of C$2.31 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.04 and a beta of 1.20. The firm's 50-day simple moving average is C$13.49 and its 200 day simple moving average is C$12.56.

Dundee Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.68%. Dundee Precious Metals's dividend payout ratio (DPR) is currently 14.47%.

Insider Activity

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. 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.