Dundee Precious Metals Inc. (TSE:DPM) Declares Dividend Increase – $0.06 Per Share

Dundee Precious Metals Inc. (TSE:DPM) announced a quarterly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.055 per share by the mining company on Monday, July 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, June 28th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$10.81 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.61 and a current ratio of 6.92. The business’s 50 day moving average price is C$10.90 and its 200 day moving average price is C$9.79. The company has a market cap of C$1.96 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.04 and a beta of 1.23. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$11.70.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.03). Dundee Precious Metals had a net margin of 37.12% and a return on equity of 16.18%. The firm had revenue of C$166.90 million for the quarter. On average, research analysts predict that Dundee Precious Metals will post 1.428934 EPS for the current year.

Insider Buying and Selling

In other Dundee Precious Metals news, Senior Officer David Rae sold 42,339 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total transaction of C$467,422.56. In other news, Director Nikolay Hristov sold 6,267 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.90, for a total transaction of C$68,310.30. Also, Senior Officer David Rae sold 42,339 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$11.04, for a total transaction of C$467,422.56. Insiders have sold a total of 62,181 shares of company stock valued at $683,972 over the last quarter. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DPM shares. Scotiabank upped their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a report on Thursday, May 23rd. CIBC boosted their price objective on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Canaccord Genuity Group lifted their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a research report on Tuesday, April 23rd. Jefferies Financial Group raised their price objective on shares of Dundee Precious Metals from C$13.00 to C$15.00 in a research note on Thursday, June 6th. Finally, Stifel Nicolaus increased their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th.

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.