Equities Analysts Issue Forecasts for TSE:DPM Q3 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Dundee Precious Metals in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the mining company will earn $0.40 per share for the quarter. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. Stifel Canada also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.15 EPS and FY2026 earnings at $1.45 EPS.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data 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 company had revenue of C$214.59 million for the quarter. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%.

Several other brokerages have also commented on DPM. CIBC increased 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. BMO Capital Markets upped their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday. Royal Bank of Canada lifted their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, Scotiabank raised their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Trading Down 1.1 %

DPM opened at C$14.28 on Thursday. 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 has a one year low of C$7.79 and a one year high of C$14.81. The company has a market cap of C$2.57 billion, a P/E ratio of 9.39, a PEG ratio of 0.04 and a beta of 1.20. The business’s 50-day simple moving average is C$13.51 and its 200-day simple moving average is C$12.00.

Dundee Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.54%. Dundee Precious Metals’s payout ratio is currently 14.47%.

Insiders Place Their Bets

In other news, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction 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 business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. 0.16% of the stock is 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.