FY2024 Earnings Forecast for TSE:DPM Issued By Stifel Canada

Dundee Precious Metals Inc. (TSE:DPM) – Research analysts at Stifel Canada lifted their FY2024 EPS estimates for shares of Dundee Precious Metals in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings of $1.88 per share for the year, up from their previous forecast of $1.75. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share.

Several other research firms also recently commented on DPM. BMO Capital Markets boosted their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday. Scotiabank increased their price target on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research report on Monday, August 19th. CIBC upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Royal Bank of Canada raised their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th.

Dundee Precious Metals Trading Down 0.8 %

TSE DPM opened at C$14.44 on Wednesday. The company has a market capitalization of C$2.60 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm’s fifty day simple moving average is C$13.48 and its 200-day simple moving average is C$11.98. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Thursday, August 1st. The mining company reported C$0.53 EPS for the quarter, topping the consensus estimate of C$0.43 by C$0.10. The business had revenue of C$214.59 million during the quarter. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%.

Dundee Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.22 annualized dividend and a dividend yield of 1.52%. Dundee Precious Metals’s dividend payout ratio is presently 14.47%.

Insiders Place Their Bets

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of the firm’s 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.