Scotiabank Issues Positive Forecast for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its target price lifted by Scotiabank from C$16.50 to C$18.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on DPM. Jefferies Financial Group boosted their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. 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 research note on Tuesday, September 10th. Finally, BMO Capital Markets boosted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st.

Dundee Precious Metals Price Performance

Shares of TSE DPM opened at C$13.24 on Thursday. The business’s 50 day moving average price is C$13.61 and its two-hundred day moving average price is C$12.38. The company has a market cap of C$2.38 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$14.81.

Dundee Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.63%. Dundee Precious Metals’s payout ratio is 14.47%.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. Insiders own 0.16% of the company’s stock.

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.