Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Should You Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Thursday . The company traded as high as C$14.80 and last traded at C$14.66, with a volume of 159605 shares trading hands. The stock had previously closed at C$14.28.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DPM. Scotiabank upped their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Jefferies Financial Group raised their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. CIBC boosted their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Finally, Royal Bank of Canada raised their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th.

Dundee Precious Metals Price Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.04 and a beta of 1.20. The stock has a 50 day moving average price of C$13.46 and a two-hundred day moving average price of C$13.22.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. As a group, analysts expect that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.054 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 1.47%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.47%.

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.