Insider Selling: Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Sells 7,333 Shares of Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38.

Dundee Precious Metals Trading Down 3.3 %

DPM opened at C$13.66 on Friday. Dundee Precious Metals Inc. has a 1-year low of C$7.79 and a 1-year high of C$14.34. The stock has a market capitalization of C$2.45 billion, a PE ratio of 9.11, a PEG 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. The firm has a 50-day moving average price of C$12.81 and a two-hundred day moving average price of C$11.50.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$214.59 million during the quarter. As a group, equities analysts anticipate that Dundee Precious Metals Inc. will post 1.844898 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a $0.055 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.61%. Dundee Precious Metals’s payout ratio is 14.67%.

Analyst Ratings Changes

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

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.