Equities Analysts Offer Predictions for Dundee Precious Metals Inc.’s Q1 2024 Earnings (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPM) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Dundee Precious Metals in a note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the mining company will post earnings per share of $0.28 for the quarter. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.14 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2024 earnings at $1.36 EPS and FY2025 earnings at $1.58 EPS.

A number of other analysts have also commented on DPM. Scotiabank cut their price target on Dundee Precious Metals from C$13.50 to C$13.25 in a research note on Thursday, February 15th. Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday. National Bankshares cut their price objective on Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday, April 19th. Finally, CIBC lifted their price objective on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th.

Dundee Precious Metals Stock Performance

Shares of DPM stock opened at C$10.57 on Monday. The business’s 50-day moving average price is C$9.84 and its 200-day moving average price is C$9.25. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$10.94. The firm has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.04 and a beta of 1.20. The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 0.28.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Wednesday, February 14th. The mining company reported C$0.38 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 firm had revenue of C$189.66 million for the quarter.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 16.54%.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. Also, Senior Officer David Rae sold 12,497 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$9.97, for a total value of C$124,595.09. Over the last three months, insiders have sold 79,790 shares of company stock valued at $798,029. 0.11% of the stock is currently owned by company 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.