Dundee Precious Metals (TSE:DPM) Price Target Raised to C$17.00 at CIBC

Dundee Precious Metals (TSE:DPM) had its price objective raised by CIBC from C$16.00 to C$17.00 in a research report released on Thursday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the company. Scotiabank increased their target price on Dundee Precious Metals from C$16.50 to C$18.00 in a research note on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Finally, BMO Capital Markets increased their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$12.85 on Thursday. The firm has a fifty day moving average of C$13.40 and a two-hundred day moving average of C$12.67. 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 stock has a market capitalization of C$2.31 billion, a price-to-earnings ratio of 8.45, a PEG 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$14.81.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.054 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.68%. Dundee Precious Metals’s payout ratio is 14.47%.

Insider Activity

In related news, 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 value of C$101,635.38. Corporate insiders own 0.16% 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.