Dundee Precious Metals Inc (TSE:DPM) insider Anthony P. Walsh sold 9,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$6.20, for a total value of C$55,800.00. Following the transaction, the insider now owns 550 shares in the company, valued at approximately C$3,410.
TSE DPM opened at C$6.11 on Thursday. The company has a market cap of $1.10 billion and a PE ratio of 55.55. The stock’s 50 day simple moving average is C$5.86 and its 200-day simple moving average is C$5.23. Dundee Precious Metals Inc has a 1-year low of C$3.55 and a 1-year high of C$6.66. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.97 and a quick ratio of 0.49.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.026 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.10 annualized dividend and a dividend yield of 1.70%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 2,836.36%.
Several equities analysts have recently weighed in on the company. CIBC raised their target price on Dundee Precious Metals from C$7.00 to C$7.75 in a research report on Tuesday, January 28th. National Bank Financial set a C$7.75 target price on Dundee Precious Metals and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Scotiabank decreased their target price on Dundee Precious Metals from C$7.00 to C$6.50 in a research report on Tuesday, February 18th. Finally, Canaccord Genuity decreased their target price on Dundee Precious Metals from C$8.50 to C$7.50 in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$7.10.
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. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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