Dundee Precious Metals (TSE:DPM) Price Target Cut to C$10.00 by Analysts at CIBC

Dundee Precious Metals (TSE:DPM – Get Rating) had its target price reduced by CIBC from C$11.50 to C$10.00 in a research note released on Tuesday morning, BayStreet.CA reports.

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 (TSE:DPM – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The mining company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.02. The firm had revenue of C$194.82 million for the quarter. On average, equities research analysts predict that Dundee Precious Metals will post 1.0534567 EPS for the current year.

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

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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.