Dundee Precious Metals (TSE:DPM) Price Target Increased to C$18.50 by Analysts at BMO Capital Markets

Dundee Precious Metals (TSE:DPM - Free Report) had its price objective hoisted by BMO Capital Markets from C$15.50 to C$18.50 in a research report released on Monday morning, BayStreet.CA reports.

A number of other brokerages have also weighed in on DPM. Royal Bank of Canada raised their price objective on 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. Canaccord Genuity Group boosted 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. CIBC increased their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Jefferies Financial Group boosted their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, Scotiabank increased their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Price Performance

Shares of DPM stock traded up C$0.01 on Monday, reaching C$14.55. 274,421 shares of the company were exchanged, compared to its average volume of 491,234. The company has a market cap of C$2.61 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$14.81. The business has a 50-day moving average price of C$13.41 and a 200 day moving average price of C$11.92. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals (TSE:DPM - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, topping the consensus estimate of C$0.43 by C$0.10. The company had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. Equities research analysts forecast that Dundee Precious Metals will post 1.9039474 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, September 27th. Dundee Precious Metals's payout ratio is presently 14.47%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other Dundee Precious Metals 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 value of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals 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. 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.