Insider Selling: Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Sells 7,333 Shares of Stock

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction that occurred 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.

Dundee Precious Metals Trading Down 3.6 %

Shares of DPM stock opened at C$13.66 on Monday. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The company’s 50-day moving average price is C$12.81 and its 200-day moving average price is C$11.52. Dundee Precious Metals Inc. has a twelve month low of C$7.79 and a twelve month high of C$14.34. The stock has a market cap of C$2.45 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The business had revenue of C$214.59 million for the quarter. As a group, equities analysts predict that Dundee Precious Metals Inc. will post 1.844898 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.055 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.61%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.67%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. CIBC lifted their price objective on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Scotiabank upped their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. Royal Bank of Canada boosted their price target on 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. Canaccord Genuity Group boosted their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th.

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.