Dundee Precious Metals (DPM) Set to Announce Quarterly Earnings on Tuesday

Dundee Precious Metals (TSE:DPM) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.10). The business had revenue of C$189.66 million for the quarter. Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%.

Dundee Precious Metals Price Performance

DPM stock opened at C$10.64 on Friday. The business has a fifty day moving average of C$10.18 and a two-hundred day moving average of C$9.37. The company has a quick ratio of 6.61, a current ratio of 6.70 and a debt-to-equity ratio of 0.28. The stock has a market cap of C$1.93 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$10.94.

Dundee Precious Metals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.054 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.03%. Dundee Precious Metals’s payout ratio is presently 16.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the company a “buy” rating in a research note on Thursday, February 29th. Scotiabank lifted their price objective on Dundee Precious Metals from C$13.25 to C$14.00 in a research note on Thursday. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. CIBC lifted their price objective on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Finally, National Bankshares dropped their price objective on Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday, April 19th.

Insider Buying and Selling

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$10.13, for a total transaction of C$205,294.58. In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 20,266 shares of Dundee Precious Metals stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$10.13, for a total transaction of C$205,294.58. Also, Senior Officer David Rae sold 6,301 shares of Dundee Precious Metals stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$9.89, for a total value of C$62,316.89. Insiders sold 79,790 shares of company stock valued at $798,029 in the last three months. 0.11% of the stock is owned by corporate insiders.

About Dundee Precious Metals

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.