FY2024 Earnings Forecast for TSE:DPM Issued By Stifel Canada

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Stock analysts at Stifel Canada increased their FY2024 earnings per share estimates for shares of Dundee Precious Metals in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will earn $1.88 per share for the year, up from their previous estimate of $1.75. The consensus estimate for Dundee Precious Metals' current full-year earnings is $1.90 per share.

Dundee Precious Metals (TSE:DPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The firm had revenue of C$214.59 million for the quarter.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a 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. CIBC lifted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Canaccord Genuity Group upped their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th.

Dundee Precious Metals Stock Performance

DPM traded down C$0.16 during midday trading on Wednesday, hitting C$14.28. 512,440 shares of the company traded hands, compared to its average volume of 490,662. The company's 50-day moving average is C$13.51 and its 200 day moving average is C$12.00. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of C$2.57 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81.

Dundee Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.54%. Dundee Precious Metals's dividend payout ratio (DPR) is presently 14.47%.

Insider Buying and Selling

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. In related news, Director Xuefeng Chen sold 6,750 shares of the 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. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is currently owned by insiders.

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.