Dundee Precious Metals (TSE:DPM) had its target price cut by National Bank Financial from C$8.50 to C$6.75 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.
DPM has been the topic of several other research reports. CIBC upped their price objective on Dundee Precious Metals from C$7.00 to C$7.75 in a research report on Tuesday, January 28th. Canaccord Genuity cut their price objective on Dundee Precious Metals from C$8.50 to C$7.50 in a research report on Tuesday, February 18th. Finally, Scotiabank cut their price objective on Dundee Precious Metals from C$7.00 to C$6.50 in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$6.90.
Dundee Precious Metals stock traded up C$0.20 during mid-day trading on Wednesday, hitting C$5.20. The company’s stock had a trading volume of 759,500 shares, compared to its average volume of 774,690. The company has a 50 day moving average of C$5.28 and a 200-day moving average of C$5.17. The stock has a market cap of $700.65 million and a PE ratio of -13.00. The company has a debt-to-equity ratio of 4.78, a quick ratio of 0.51 and a current ratio of 0.96. Dundee Precious Metals has a one year low of C$3.20 and a one year high of C$6.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.026 dividend. This represents a $0.10 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 30th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently -27.50%.
In other Dundee Precious Metals news, Director Peter Nixon sold 10,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$6.29, for a total value of C$62,852.00. Following the completion of the sale, the director now directly owns 754 shares in the company, valued at approximately C$4,739.04. Also, Director Robert Peter Charles Gillin sold 9,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of C$4.38, for a total value of C$39,420.00. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at C$65,700. Insiders sold a total of 128,000 shares of company stock worth $738,072 in the last ninety days.
About Dundee Precious Metals
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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