Dundee Precious Metals Inc. (TSE:DPM) Raises Dividend to $0.06 Per Share

Dundee Precious Metals Inc. (TSE:DPM) declared a quarterly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.055 per share by the mining company on Monday, July 15th. This represents a $0.22 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, June 28th. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$10.81 on Thursday. The company has a current ratio of 6.92, a quick ratio of 6.61 and a debt-to-equity ratio of 1.20. The company has a market cap of C$1.96 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. The company has a 50 day moving average of C$10.90 and a 200-day moving average of C$9.79. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$11.70.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The business had revenue of C$166.90 million for the quarter. As a group, equities research analysts forecast that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DPM. Jefferies Financial Group upped their target price on Dundee Precious Metals from C$13.00 to C$15.00 in a report on Thursday, June 6th. Stifel Nicolaus upped their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. CIBC lifted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Scotiabank lifted their target price on Dundee Precious Metals from C$14.00 to C$15.00 in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group raised their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd.

Insider Buying and Selling at Dundee Precious Metals

In other news, Senior Officer Navin Dyal bought 15,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In other news, Senior Officer Navin Dyal acquired 15,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of C$10.70 per share, for a total transaction of C$160,500.00. Also, insider Dundee Precious Metals Inc. bought 63,000 shares of Dundee Precious Metals stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average price of C$10.89 per share, with a total value of C$686,070.00. Over the last three months, insiders have sold 62,181 shares of company stock valued at $683,972. Corporate insiders own 0.14% 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.