Dundee Precious Metals Inc. (TSE:DPM) Declares Quarterly Dividend of $0.06

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.055 per share by the mining company on Tuesday, October 15th. This represents a $0.22 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, September 30th.

Dundee Precious Metals Stock Down 0.5 %

Shares of TSE DPM traded down C$0.06 during mid-day trading on Friday, reaching C$11.68. The company had a trading volume of 412,197 shares, compared to its average volume of 521,788. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$12.35. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.61 and a current ratio of 6.92. The stock has a market capitalization of C$2.12 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. The stock’s 50 day moving average is C$11.31 and its 200-day moving average is C$10.31.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$166.90 million during the quarter. As a group, equities analysts anticipate that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Nikolay Hristov sold 6,267 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.90, for a total transaction of C$68,310.30. In related news, Senior Officer David Rae sold 42,339 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$11.04, for a total value of C$467,422.56. Also, Director Nikolay Hristov sold 6,267 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.90, for a total transaction of C$68,310.30. Insiders sold 62,181 shares of company stock worth $683,972 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DPM shares. Scotiabank upped their price target on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. CIBC upped their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Jefferies Financial Group upped their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a report on Friday, July 12th. Canaccord Genuity Group upped their price objective on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Finally, National Bankshares upped their price objective on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th.

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.