Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.00

Dundee Precious Metals (TSE:DPM) had its target price hoisted by Scotiabank from C$16.50 to C$18.00 in a report released on Thursday morning,BayStreet.CA reports.

DPM has been the topic of several other reports. Royal Bank of Canada raised their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets lifted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Finally, Jefferies Financial Group lifted their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th.

Dundee Precious Metals Price Performance

TSE:DPM opened at C$13.27 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.04 and a beta of 1.20. The firm’s 50-day simple moving average is C$13.60 and its 200 day simple moving average is C$12.41.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.63%. Dundee Precious Metals’s dividend payout ratio is presently 14.47%.

Insider Transactions at Dundee Precious Metals

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. Corporate insiders own 0.16% of the company’s stock.

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.