Dundee Precious Metals (TSE:DPM) Sets New 52-Week Low at $5.51

Dundee Precious Metals Inc. (TSE:DPMGet Rating) hit a new 52-week low during trading on Friday . The stock traded as low as C$5.51 and last traded at C$5.53, with a volume of 149189 shares trading hands. The stock had previously closed at C$5.84.

Analysts Set New Price Targets

Several research firms have recently weighed in on DPM. Scotiabank cut their target price on shares of Dundee Precious Metals from C$13.00 to C$12.50 in a report on Friday, July 29th. CIBC cut their target price on shares of Dundee Precious Metals from C$11.50 to C$10.00 in a report on Tuesday, August 2nd. National Bank Financial raised shares of Dundee Precious Metals from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Monday, August 1st. Finally, National Bankshares raised shares of Dundee Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$8.75 to C$10.00 in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$11.00.

Dundee Precious Metals Price Performance

The company has a quick ratio of 5.57, a current ratio of 6.25 and a debt-to-equity ratio of 1.78. The company has a market capitalization of C$1.06 billion and a price-to-earnings ratio of 5.21. The stock’s 50-day simple moving average is C$6.19 and its two-hundred day simple moving average is C$6.99.

Dundee Precious Metals (TSE:DPMGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The mining company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.03. The company had revenue of C$171.67 million during the quarter. Equities research analysts predict that Dundee Precious Metals Inc. will post 1.1068455 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.67%. Dundee Precious Metals’s dividend payout ratio is currently 12.50%.

Insider Transactions at Dundee Precious Metals

In other news, Senior Officer David Rae purchased 12,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average price of C$5.99 per share, for a total transaction of C$71,880.00. Following the acquisition, the insider now directly owns 340,018 shares of the company’s stock, valued at C$2,036,707.82.

About Dundee Precious Metals

(Get Rating)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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