Dundee Precious Metals (TSE:DPM – Free Report) had its price objective reduced by National Bankshares from C$14.00 to C$13.50 in a research report released on Friday, BayStreet.CA reports.
A number of other brokerages have also weighed in on DPM. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the company a buy rating in a research note on Thursday, February 29th. CIBC boosted their target price on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Scotiabank lowered their target price on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Finally, Stifel Nicolaus boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday.
Check Out Our Latest Report on DPM
Dundee Precious Metals Stock Up 0.7 %
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The company had revenue of C$189.66 million during the quarter. As a group, sell-side analysts anticipate that Dundee Precious Metals will post 1.137045 EPS for the current year.
Dundee Precious Metals Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.054 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. Dundee Precious Metals’s dividend payout ratio is currently 16.54%.
Insider Buying and Selling at Dundee Precious Metals
In other Dundee Precious Metals news, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$9.97, for a total value of C$124,595.09. In other news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction dated 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 sale, the director now owns 550 shares of the company’s stock, valued at C$5,527.50. Also, Senior Officer David Rae sold 12,497 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$9.97, for a total transaction of C$124,595.09. Insiders have sold a total of 79,790 shares of company stock worth $798,029 over the last ninety days. Insiders own 0.11% of the company’s stock.
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.
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