Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) 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.
Check Out Our Latest Research Report on DPM
Dundee Precious Metals Stock Up 1.6 %
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.
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