National Bank Financial Weighs in on TSE:DPM Q3 Earnings

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Research analysts at National Bank Financial cut their Q3 2024 EPS estimates for shares of Dundee Precious Metals in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the mining company will earn $0.39 per share for the quarter, down from their previous forecast of $0.50. The consensus estimate for Dundee Precious Metals' current full-year earnings is $1.90 per share. National Bank Financial also issued estimates for Dundee Precious Metals' FY2025 earnings at $2.26 EPS.

DPM has been the subject of several other reports. CIBC upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Canaccord Genuity Group upped their price objective on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Jefferies Financial Group upped their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, BMO Capital Markets increased their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday.

Dundee Precious Metals Trading Down 1.6 %

TSE DPM traded down C$0.23 during trading on Friday, hitting C$13.89. The company had a trading volume of 459,165 shares, compared to its average volume of 491,084. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$14.81. The company has a market cap of C$2.50 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company's fifty day moving average is C$13.54 and its 200-day moving average is C$12.04.

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 for the quarter, beating the consensus estimate of C$0.43 by C$0.10. The business had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, September 27th. Dundee Precious Metals's dividend payout ratio (DPR) is 14.47%.

Insider Activity 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 transaction of C$86,400.00. In other news, Director Xuefeng Chen sold 6,750 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were 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 the firm'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. 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.