Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Iliya Garkov Sells 8,666 Shares

Dundee Precious Metals Inc. (TSE:DPM) Senior Officer Iliya Garkov sold 8,666 shares of Dundee Precious Metals stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$9.92, for a total transaction of C$85,966.72.

Dundee Precious Metals Stock Performance

TSE DPM opened at C$10.37 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. The company has a market cap of C$1.88 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.04 and a beta of 1.20. The stock has a 50-day moving average of C$9.07 and a two-hundred day moving average of C$8.96. Dundee Precious Metals Inc. has a 1-year low of C$7.79 and a 1-year high of C$10.78.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The business had revenue of C$189.66 million during the quarter. As a group, analysts anticipate that Dundee Precious Metals Inc. will post 1.1101322 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a dividend of $0.054 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.08%. Dundee Precious Metals’s payout ratio is currently 16.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DPM. Canaccord Genuity Group upped their price target on Dundee Precious Metals from C$10.50 to C$12.50 in a report on Thursday, November 30th. Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the stock a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada cut their target price on shares of Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Wednesday, December 20th. BMO Capital Markets boosted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Wednesday, December 13th. Finally, Scotiabank decreased their price objective on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.34.

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.