Dundee Precious Metals Inc. (TSE:DPM) Insider Acquires C$686,070.00 in Stock

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) insider Dundee Precious Metals Inc. acquired 63,000 shares of Dundee Precious Metals stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$10.89 per share, with a total value of C$686,070.00.

Dundee Precious Metals Stock Performance

DPM traded up C$0.19 during trading on Wednesday, hitting C$10.98. 437,782 shares of the company traded hands, compared to its average volume of 540,156. The firm has a market cap of C$1.99 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.24. The company has a quick ratio of 6.61, a current ratio of 6.70 and a debt-to-equity ratio of 1.12. Dundee Precious Metals Inc. has a one year low of C$7.79 and a one year high of C$11.32. The stock's fifty day moving average is C$10.41 and its 200 day moving average is C$9.49.

Dundee Precious Metals (TSE:DPM - Get Free Report) last released its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing analysts' consensus estimates of C$0.48 by C($0.10). The company had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. As a group, equities analysts predict that Dundee Precious Metals Inc. will post 1.3451327 EPS for the current fiscal year.

Dundee Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.00%. This is a positive change from Dundee Precious Metals's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, June 28th. Dundee Precious Metals's dividend payout ratio is 16.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DPM. National Bankshares raised their target price on Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday. Canaccord Genuity Group lifted their price objective on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd. CIBC upped their target price on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the stock a "buy" rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus increased their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th.

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.