BMO Capital Markets Analysts Give Dundee Precious Metals (TSE:DPM) a C$36.00 Price Target

BMO Capital Markets set a C$36.00 price objective on Dundee Precious Metals (TSE:DPM) in a research note released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other equities analysts have also recently weighed in on DPM. Royal Bank Of Canada increased their price target on Dundee Precious Metals from C$24.00 to C$32.00 and gave the company a “moderate buy” rating in a report on Wednesday, September 10th. Scotiabank raised their target price on Dundee Precious Metals from C$26.50 to C$28.50 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Stifel Canada raised Dundee Precious Metals to a “strong-buy” rating in a report on Thursday, September 4th. CIBC raised their target price on Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday, June 16th. Finally, TD Securities raised their target price on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Dundee Precious Metals has an average rating of “Buy” and an average price target of C$27.28.

Dundee Precious Metals Trading Up 0.2%

Shares of TSE:DPM opened at C$29.86 on Friday. The stock’s 50-day moving average price is C$24.46 and its 200-day moving average price is C$21.21. The stock has a market capitalization of C$6.63 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79. Dundee Precious Metals has a 12-month low of C$12.30 and a 12-month high of C$30.52.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Dundee Precious Metals’s payout ratio is 11.51%.

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.