Dundee Precious Metals Inc. (TSE:DPM) Declares Quarterly Dividend of $0.05

Dundee Precious Metals Inc. (TSE:DPM) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Shareholders of record on Sunday, March 31st will be given a dividend of 0.054 per share by the mining company on Monday, April 15th. This represents a $0.22 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, March 27th.

Dundee Precious Metals Stock Performance

TSE DPM opened at C$9.85 on Tuesday. The company has a fifty day simple moving average of C$8.99 and a 200 day simple moving average of C$8.94. Dundee Precious Metals has a 12-month low of C$7.79 and a 12-month high of C$10.78. The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 0.28. The company has a market cap of C$1.79 billion, a P/E ratio of 7.46, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). The company had revenue of C$189.66 million during the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. Sell-side analysts predict that Dundee Precious Metals will post 1.1075388 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DPM. Stifel Nicolaus increased their price target on shares of Dundee Precious Metals from C$12.25 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the company a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada lowered their price target on Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Scotiabank reduced their price objective on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Finally, Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$10.50 to C$12.50 in a report on Thursday, November 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$13.34.

Insider Buying and Selling at Dundee Precious Metals

In related news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. In other news, Senior Officer David Rae sold 6,301 shares of Dundee Precious Metals stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total value of C$62,316.89. Also, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals 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 value of C$72,360.00. Following the transaction, the director now owns 550 shares in the company, valued at approximately C$5,527.50. Insiders have sold 62,504 shares of company stock valued at $626,724 in the last quarter. 0.10% of the stock is owned by insiders.

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.