Dundee Precious Metals (TSE:DPM – Free Report) had its price target hoisted by Scotiabank from C$15.00 to C$16.50 in a research note issued to investors on Monday morning, BayStreet.CA reports.
A number of other research analysts have also commented on the stock. Canaccord Genuity Group upped their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group raised their target price on Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. National Bankshares lifted their target price on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Finally, CIBC raised their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th.
Get Our Latest Analysis on Dundee Precious Metals
Dundee Precious Metals Stock Performance
Dundee Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.62%. Dundee Precious Metals’s dividend payout ratio is currently 14.57%.
Insider Activity
In other news, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. Corporate insiders own 0.16% of the company’s stock.
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. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.
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