Dundee Precious Metals Inc. (TSE:DPM) Announces Quarterly Dividend of $0.05

Dundee Precious Metals Inc. (TSE:DPM) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.054 per share by the mining company on Wednesday, January 15th. This represents a $0.22 annualized dividend and a dividend yield of ∞. The ex-dividend date is Tuesday, December 31st.

Dundee Precious Metals Stock Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The company’s 50 day simple moving average is C$13.64 and its 200 day simple moving average is C$12.23. Dundee Precious Metals has a 52 week low of C$7.79 and a 52 week high of C$14.81. The company has a market capitalization of C$2.35 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DPM shares. CIBC increased their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group lifted their price objective on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Scotiabank upped their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. Finally, BMO Capital Markets lifted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st.

Insider Buying and Selling

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. 0.16% of the stock is owned by 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.