Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.87 and traded as high as C$13.10. Dundee Precious Metals shares last traded at C$12.97, with a volume of 263,320 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently issued reports on DPM shares. Scotiabank raised their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Canaccord Genuity Group raised their price objective on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. National Bankshares raised their price objective on Dundee Precious Metals from C$13.50 to C$14.00 in a research report on Wednesday, May 15th. Finally, CIBC raised their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th.
Read Our Latest Stock Analysis on Dundee Precious Metals
Dundee Precious Metals Stock Performance
The firm has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.04 and a beta of 1.18. The company has a fifty day moving average of C$11.96 and a two-hundred day moving average of C$10.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 6.61 and a current ratio of 7.09.
Dundee Precious Metals (TSE:DPM - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping 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 return on equity of 17.52% and a net margin of 35.57%. As a group, equities research analysts predict that Dundee Precious Metals Inc. will post 1.6838791 earnings per share for the current fiscal year.
Dundee Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.67%. Dundee Precious Metals's payout ratio is currently 14.57%.
Insider Buying and Selling
In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. 0.16% of the stock is currently owned by insiders.
About Dundee Precious Metals
(
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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.
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