Other equities analysts also recently issued research reports about the stock. National Bankshares raised shares of Dundee Precious Metals from a sector perform rating to an outperform rating and lifted their price target for the company from C$8.75 to C$10.00 in a report on Tuesday. Scotiabank lowered their price target on shares of Dundee Precious Metals from C$13.00 to C$12.50 in a report on Friday, July 29th. Canaccord Genuity Group lifted their price target on shares of Dundee Precious Metals from C$9.00 to C$9.50 in a report on Friday, April 22nd. Finally, BMO Capital Markets started coverage on shares of Dundee Precious Metals in a report on Tuesday, May 3rd. They set a buy rating and a C$11.00 price target on the stock. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$11.06.
Dundee Precious Metals Stock Performance
DPM opened at C$6.51 on Tuesday. The company has a current ratio of 6.25, a quick ratio of 5.57 and a debt-to-equity ratio of 1.78. The company has a market cap of C$1.24 billion and a price-to-earnings ratio of 5.97. The company’s 50 day moving average is C$6.69 and its 200 day moving average is C$7.34. Dundee Precious Metals has a 12-month low of C$5.53 and a 12-month high of C$9.65.
Dundee Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.051 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, September 29th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 12.84%.
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.
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