Dundee Precious Metals (TSE:DPM) PT Raised to C$14.50

Dundee Precious Metals (TSE:DPM) had its price target upped by National Bankshares from C$14.00 to C$14.50 in a research report report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Dundee Precious Metals Stock Down 0.6 %

Shares of DPM stock opened at C$9.55 on Friday. The stock has a market cap of C$1.73 billion, a P/E ratio of 7.70, a PEG ratio of 0.04 and a beta of 1.24. Dundee Precious Metals has a 52 week low of C$5.98 and a 52 week high of C$10.78. The company has a quick ratio of 6.61, a current ratio of 7.27 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is C$8.78 and its two-hundred day simple moving average is C$9.02.

Dundee Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be paid a $0.056 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.22 annualized dividend and a yield of 2.35%. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. Dundee Precious Metals’s payout ratio is presently 17.74%.

Dundee Precious Metals Company Profile

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties; and exploration, development, mining, and processing of precious metals. It owns and operates a gold, copper, and silver mine located east of Sofia, Bulgaria; a gold mine located in south eastern Bulgaria, near the town of Krumovgrad; and a custom smelter located in Tsumeb, Namibia.