Scotiabank Raises Dundee Precious Metals (TSE:DPM) Price Target to C$16.50

Dundee Precious Metals (TSE:DPM) 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.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$13.59 on Monday. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$13.62. The stock’s 50-day moving average is C$11.71 and its 200-day moving average is C$10.70. The firm has a market cap of C$2.44 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.04 and a beta of 1.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 7.09 and a quick ratio of 6.61.

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.