Dundee Precious Metals Inc. (TSE:DPM) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Dundee Precious Metals Inc. has received an average recommendation of "Buy" from six analysts, with five giving it a buy rating and one a strong buy.
• The company's stock experienced a slight increase, trading at C$29.86 with a market capitalization of C$6.63 billion.
• Dundee Precious Metals announced a quarterly dividend of $0.04 per share, indicating an annualized yield of 0.5%.

Shares of Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) have been given an average recommendation of "Buy" by the six analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$27.28.

DPM has been the topic of a number of research analyst reports. Stifel Canada upgraded Dundee Precious Metals to a "strong-buy" rating in a report on Thursday, September 4th. Scotiabank raised their target price on shares of 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. Canaccord Genuity Group raised their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Royal Bank Of Canada lifted their price target on shares of Dundee Precious Metals from C$24.00 to C$32.00 and gave the stock a "moderate buy" rating in a research report on Wednesday. Finally, BMO Capital Markets set a C$36.00 target price on shares of Dundee Precious Metals and gave the company an "outperform" rating in a research note on Friday.

Dundee Precious Metals Trading Up 0.2%

Dundee Precious Metals stock traded up C$0.06 during mid-day trading on Friday, hitting C$29.86. The company's stock had a trading volume of 1,154,520 shares, compared to its average volume of 673,282. Dundee Precious Metals has a 1 year low of C$12.30 and a 1 year high of C$30.52. The stock's fifty day moving average is C$24.30 and its two-hundred day moving average is C$21.06. The firm has a market capitalization of C$6.63 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79.

Dundee Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. Dundee Precious Metals's payout ratio is presently 11.51%.

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.

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