Scotiabank Issues Pessimistic Outlook for TSE:DPM Earnings

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Investment analysts at Scotiabank reduced their FY2024 earnings estimates for Dundee Precious Metals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings of $1.27 per share for the year, down from their prior forecast of $1.71. The consensus estimate for Dundee Precious Metals' current full-year earnings is $1.90 per share. Scotiabank also issued estimates for Dundee Precious Metals' FY2026 earnings at $1.12 EPS.

DPM has been the subject of a number of other reports. BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Royal Bank of Canada upped their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. CIBC raised their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Finally, Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th.

Dundee Precious Metals Price Performance

TSE DPM traded down C$0.24 during trading hours on Monday, reaching C$13.58. 114,409 shares of the company's stock were exchanged, compared to its average volume of 378,002. The firm has a fifty day moving average of C$13.13 and a 200-day moving average of C$12.97. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$14.81. The stock has a market cap of C$2.44 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. 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 Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.59%. Dundee Precious Metals's dividend payout ratio is presently 14.47%.

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.