Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High at $10.94

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high on Monday . The stock traded as high as C$10.94 and last traded at C$10.88, with a volume of 142567 shares. The stock had previously closed at C$10.64.

Wall Street Analysts Forecast Growth

DPM has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research report on Friday, April 19th. National Bankshares dropped their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a research report on Friday, April 19th. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a “buy” rating in a research report on Thursday, February 29th. CIBC lifted their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Finally, Canaccord Genuity Group increased their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd.

Dundee Precious Metals Stock Down 1.7 %

The company’s 50-day moving average price is C$10.30 and its 200 day moving average price is C$9.41. The company has a debt-to-equity ratio of 1.12, a quick ratio of 6.61 and a current ratio of 6.70. The stock has a market cap of C$1.94 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.04 and a beta of 1.24.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data 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). 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, analysts forecast that Dundee Precious Metals Inc. will post 1.3451327 EPS for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The company also recently disclosed 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 2.02%. The ex-dividend date was Wednesday, March 27th. Dundee Precious Metals’s payout ratio is currently 16.42%.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now owns 550 shares in the company, valued at C$5,527.50. In other Dundee Precious Metals news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the sale, the director now directly owns 550 shares in the company, valued at approximately C$5,527.50. Also, Senior Officer David Rae sold 6,301 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total transaction of C$62,316.89. Insiders have sold 79,790 shares of company stock valued at $798,029 in the last quarter. 0.09% of the stock is owned by 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.