Stifel Nicolaus Raises Dundee Precious Metals (TSE:DPM) Price Target to C$14.50

Dundee Precious Metals (TSE:DPM) had its target price upped by Stifel Nicolaus from C$13.00 to C$14.50 in a research note published on Friday morning, BayStreet.CA reports.

Several other brokerages have also recently commented on DPM. CIBC boosted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a buy rating in a research report on Thursday, February 29th. Finally, Scotiabank dropped their price target on Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th.

Dundee Precious Metals Stock Down 3.7 %

Shares of DPM opened at C$10.40 on Friday. The business’s 50 day moving average is C$9.78 and its 200 day moving average is C$9.23. 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 has a 12-month low of C$7.79 and a 12-month high of C$10.94. The company has a market capitalization of C$1.89 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. Research analysts expect that Dundee Precious Metals will post 1.137045 earnings per share for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio is 16.54%.

Insider Activity at Dundee Precious Metals

In other news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the transaction, the director now owns 550 shares of the company’s stock, valued at approximately C$5,527.50. In related news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the transaction, the director now directly owns 550 shares of the company’s stock, valued at approximately C$5,527.50. Also, Director Robert Peter Charles Gillin sold 8,620 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. In the last quarter, insiders sold 79,790 shares of company stock valued at $798,029. Insiders own 0.11% of the company’s stock.

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.