Dundee Precious Metals (TSE:DPM) Hits New 52-Week High at $10.94

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high on Thursday . The stock traded as high as C$10.94 and last traded at C$10.76, with a volume of 44025 shares trading hands. The stock had previously closed at C$10.69.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DPM. CIBC boosted their target price on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday. Royal Bank of Canada dropped their price objective on shares of Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Wednesday, December 20th. Scotiabank dropped their price objective on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Finally, Jefferies Financial Group set a C$13.00 price objective on shares of Dundee Precious Metals and gave the company a “buy” rating in a research note on Thursday, February 29th.

Dundee Precious Metals Stock Performance

The stock’s 50-day moving average is C$9.64 and its 200-day moving average is C$9.17. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 0.28.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The business had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. On average, analysts expect that Dundee Precious Metals Inc. will post 1.137045 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 16.54%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Nikolay Hristov sold 3,799 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total transaction of C$38,369.90. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now owns 550 shares of the company’s stock, valued at C$5,527.50. Also, Director Nikolay Hristov sold 3,799 shares of Dundee Precious Metals stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$10.10, for a total transaction of C$38,369.90. Insiders sold 79,790 shares of company stock valued at $798,029 over the last 90 days. 0.11% of the stock is owned by corporate insiders.

Dundee Precious Metals Company Profile

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.