Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dundee Precious Metals (TSE:DPM - Free Report) had its price target hoisted by Canaccord Genuity Group from C$23.00 to C$25.00 in a research report released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the mining company's stock.

Several other brokerages have also commented on DPM. CIBC boosted their price target on Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday. Jefferies Financial Group lifted their price objective on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th. Royal Bank Of Canada boosted their target price on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. Stifel Nicolaus upped their target price on shares of Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st. Finally, Scotiabank increased their target price on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Monday.

Dundee Precious Metals Trading Up 0.9%

TSE:DPM traded up C$0.18 during mid-day trading on Tuesday, hitting C$21.10. The company's stock had a trading volume of 1,947,517 shares, compared to its average volume of 633,255. The company has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a fifty-two week low of C$10.63 and a fifty-two week high of C$22.67. The stock has a fifty day moving average of C$19.93 and a 200-day moving average of C$17.13.

Dundee Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, June 30th. Dundee Precious Metals's dividend payout ratio is currently 13.86%.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 10,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$18.52, for a total value of C$185,200.00. Company insiders own 0.16% of the company's stock.

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.