Scotiabank Raises Dundee Precious Metals (TSE:DPM) Price Target to C$23.00

Dundee Precious Metals (TSE:DPM - Free Report) had its price target hoisted by Scotiabank from C$21.00 to C$23.00 in a research report report published on Monday,BayStreet.CA reports.

Several other research analysts also recently issued reports on the company. CIBC lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday. Royal Bank Of Canada lifted their price target on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. Jefferies Financial Group lifted their price target on Dundee Precious Metals from C$19.00 to C$23.00 in a research note on Friday, April 4th. Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$19.50 to C$23.75 in a research note on Monday, April 21st. Finally, TD Securities lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research note on Monday.

Dundee Precious Metals Stock Performance

Dundee Precious Metals stock traded down C$0.18 during midday trading on Monday, reaching C$20.92. The company's stock had a trading volume of 231,623 shares, compared to its average volume of 622,117. The firm has a market capitalization of C$2.58 billion, a PE ratio of 13.18, 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's 50 day simple moving average is C$19.83 and its 200 day simple moving average is C$17.02.

Dundee Precious Metals Cuts Dividend

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

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$19.08, for a total value of C$190,800.00. 0.16% of the stock is owned by insiders.

About Dundee Precious Metals

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.