Dundee Precious Metals Inc. (TSE:DPM) Receives Consensus Recommendation of "Buy" from 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%.

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

Several brokerages recently issued reports on DPM. BMO Capital Markets set a C$36.00 price objective on Dundee Precious Metals and gave the stock an "outperform" rating in a research note on Friday, September 12th. Royal Bank Of Canada lifted their target price on Dundee Precious Metals from C$24.00 to C$32.00 and gave the stock a "moderate buy" rating in a report on Wednesday, September 10th. CIBC lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday, June 16th. Canaccord Genuity Group lifted their target price on 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. Finally, Scotiabank lifted their price target on Dundee Precious Metals from C$26.50 to C$28.50 and gave the company an "outperform" rating in a report on Thursday, September 4th.

Dundee Precious Metals Stock Performance

Shares of DPM stock traded up C$0.14 during mid-day trading on Friday, reaching C$29.34. 770,782 shares of the company were exchanged, compared to its average volume of 680,980. The business's 50 day simple moving average is C$24.90 and its 200 day simple moving average is C$21.41. Dundee Precious Metals has a fifty-two week low of C$12.30 and a fifty-two week high of C$30.52. The company has a market capitalization of C$6.51 billion, a P/E ratio of 21.11, a P/E/G ratio of 0.04 and a beta of 0.79.

Dundee Precious Metals Dividend Announcement

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