Dundee Precious Metals (TSE:DPM) Price Target Cut to C$13.50 by Analysts at National Bankshares

Dundee Precious Metals (TSE:DPM - Free Report) had its price target trimmed by National Bankshares from C$14.00 to C$13.50 in a report released on Friday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. CIBC increased their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday. Jefferies Financial Group set a C$13.00 price target on Dundee Precious Metals and gave the stock a buy rating in a research report on Thursday, February 29th. Stifel Nicolaus boosted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday. Finally, Scotiabank lowered their price objective on Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th.

Dundee Precious Metals Stock Up 0.7 %

Shares of TSE DPM traded up C$0.07 during midday trading on Friday, reaching C$10.80. 241,548 shares of the company's stock were exchanged, compared to its average volume of 570,869. The stock has a market capitalization of C$1.96 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$10.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The business's fifty day moving average price is C$9.69 and its two-hundred day moving average price is C$9.19.

Dundee Precious Metals (TSE:DPM - Get Free Report) last announced its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The business had revenue of C$189.66 million during the quarter. Analysts forecast that Dundee Precious Metals will post 1.137045 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.054 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a yield of 2.00%. Dundee Precious Metals's dividend payout ratio is presently 16.54%.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer David Rae sold 12,497 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$9.97, for a total value of C$124,595.09. In other Dundee Precious Metals news, Senior Officer David Rae sold 12,497 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$9.97, for a total value of C$124,595.09. Also, Director Robert Peter Charles Gillin sold 8,620 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$9.90, for a total transaction of C$85,338.00. Insiders have sold 79,790 shares of company stock worth $798,029 over the last quarter. 0.11% of the stock is currently owned by company insiders.

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.