TSE:DPM FY2024 EPS Cut by National Bank Financial

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Stock analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Dundee Precious Metals in a research note issued to investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $1.75 per share for the year, down from their prior forecast of $1.77. 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' Q4 2024 earnings at $0.61 EPS and FY2025 earnings at $2.28 EPS.

Several other research firms have also recently issued reports on DPM. BMO Capital Markets upped their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Scotiabank increased their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Jefferies Financial Group increased their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Royal Bank of Canada increased their price target 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. Finally, Canaccord Genuity Group increased their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd.

Dundee Precious Metals Stock Up 0.3 %

Shares of DPM traded up C$0.04 during mid-day trading on Thursday, reaching C$12.52. The company had a trading volume of 407,739 shares, compared to its average volume of 486,952. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The firm has a 50-day moving average price of C$13.63 and a 200 day moving average price of C$12.31. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The company has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals's payout ratio is 14.47%.

Insider Activity at Dundee Precious Metals

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the 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. 0.16% of the stock is 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.