Dundee Precious Metals (TSE:DPM) Sets New 52-Week High at $13.63

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$13.63 and last traded at C$13.54, with a volume of 48549 shares. The stock had previously closed at C$13.34.

Analysts Set New Price Targets

Several analysts have weighed in on DPM shares. Canaccord Genuity Group boosted their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. CIBC boosted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Jefferies Financial Group lifted their price target on Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Royal Bank of Canada upped their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank boosted their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Trading Up 1.1 %

The firm has a market capitalization of C$2.42 billion, a P/E ratio of 8.95, a PEG ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of C$12.41 and a 200 day simple moving average of C$11.20.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The firm had revenue of C$214.59 million for the quarter. As a group, research analysts forecast that Dundee Precious Metals Inc. will post 1.8411348 EPS for the current year.

Dundee Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, September 27th. Dundee Precious Metals’s payout ratio is currently 14.77%.

Insider Transactions at Dundee Precious Metals

In related 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 value of C$86,400.00. Company insiders own 0.16% of the company’s stock.

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.