Scotiabank Issues Positive Forecast for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its price target lifted by Scotiabank from C$16.50 to C$18.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group increased their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Royal Bank of Canada increased their target price on Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets raised their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Price Performance

Shares of DPM stock opened at C$13.24 on Thursday. The stock has a 50 day moving average of C$13.61 and a two-hundred day moving average of C$12.38. 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 has a 12 month low of C$7.79 and a 12 month high of C$14.81. The company has a market capitalization of C$2.38 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.054 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.63%. Dundee Precious Metals’s dividend payout ratio is presently 14.47%.

Insiders Place Their Bets

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals 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. 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.