Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high on Thursday . The company traded as high as C$14.34 and last traded at C$14.30, with a volume of 91561 shares trading hands. The stock had previously closed at C$14.12.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DPM. Royal Bank of Canada upped their price objective on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. CIBC increased their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Jefferies Financial Group lifted their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, Scotiabank upped their price target on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th.

Dundee Precious Metals Stock Performance

The business’s fifty day simple moving average is C$13.33 and its 200-day simple moving average is C$11.86. The firm has a market cap of C$2.54 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The company had revenue of C$214.59 million for the quarter. As a group, sell-side analysts expect that Dundee Precious Metals Inc. will post 1.851552 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.56%. Dundee Precious Metals’s dividend payout ratio is presently 14.77%.

Insider Buying and Selling

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. 0.16% of the stock is currently owned by insiders.

About Dundee Precious Metals

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.