Shares of Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$22.88 and last traded at C$22.88, with a volume of 54225 shares trading hands. The stock had previously closed at C$22.49.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. CIBC boosted their target price on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday, June 16th. Canaccord Genuity Group lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. TD Securities lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a report on Monday, June 16th. Scotiabank lifted their price target on Dundee Precious Metals from C$21.00 to C$23.00 in a report on Monday, June 16th. Finally, Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st.
Read Our Latest Stock Report on DPM
Dundee Precious Metals Stock Performance
The firm has a market cap of C$2.70 billion, a PE ratio of 13.79, a PEG ratio of 0.04 and a beta of 1.20. The stock has a fifty day moving average price of C$21.03 and a 200-day moving average price of C$18.21.
Dundee Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, June 30th. Dundee Precious Metals's payout ratio is currently 13.86%.
About Dundee Precious Metals
(
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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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