Insider Selling: Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Sells C$101,635.38 in Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38.

Dundee Precious Metals Stock Performance

TSE DPM opened at C$13.66 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. Dundee Precious Metals Inc. has a 52-week low of C$7.79 and a 52-week high of C$14.34. The firm has a 50-day moving average of C$12.81 and a 200-day moving average of C$11.52. The stock has a market cap of C$2.45 billion, a PE ratio of 9.11, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.10. The firm had revenue of C$214.59 million for the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. On average, sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.844898 EPS for the current year.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, September 27th. Dundee Precious Metals’s dividend payout ratio is currently 14.67%.

Analysts Set New Price Targets

DPM has been the topic of a number of recent analyst reports. CIBC lifted their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Scotiabank boosted their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. Royal Bank of Canada increased their price objective on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group raised their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th.

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.