Dundee Precious Metals (TSE:DPM) Sets New 52-Week High at $12.65

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high during trading on Monday . The company traded as high as C$12.65 and last traded at C$12.65, with a volume of 32700 shares changing hands. The stock had previously closed at C$12.32.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DPM. Jefferies Financial Group increased their price objective on Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th. Scotiabank raised their price target on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group raised their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. CIBC raised their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Finally, National Bankshares raised their price target on Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th.

Dundee Precious Metals Stock Up 1.6 %

The firm has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. The company has a current ratio of 6.92, a quick ratio of 6.61 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average price of C$11.37 and a two-hundred day moving average price of C$10.46.

Dundee Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.22 annualized dividend and a dividend yield of 1.76%. Dundee Precious Metals’s payout ratio is currently 16.67%.

Insider Activity at Dundee Precious Metals

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 13,575 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$10.92, for a total value of C$148,239.00. In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 13,575 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$10.92, for a total transaction of C$148,239.00. Also, insider Dundee Precious Metals Inc. purchased 63,000 shares of Dundee Precious Metals stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of C$10.89 per share, with a total value of C$686,070.00. Company insiders own 0.14% of the company’s stock.

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.