Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$13.63 and last traded at C$13.54, with a volume of 48549 shares changing hands. The stock had previously closed at C$13.34.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. 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 increased their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Scotiabank boosted their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. CIBC increased their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th.
View Our Latest Report on Dundee Precious Metals
Dundee Precious Metals Price Performance
Dundee Precious Metals (TSE:DPM – Get Free Report) last announced its earnings results on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, beating the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The company had revenue of C$214.59 million during the quarter. As a group, research analysts anticipate that Dundee Precious Metals Inc. will post 1.8411348 EPS for the current fiscal year.
Dundee Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.63%. Dundee Precious Metals’s payout ratio is presently 14.77%.
Insider Activity at Dundee Precious Metals
In other Dundee Precious Metals news, 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 value of C$86,400.00. 0.16% of the stock is currently owned by company 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.
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