Dundee Precious Metals (TSE:DPM) Reaches New 1-Year High – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM)’s stock price hit a new 52-week high on Thursday . The stock traded as high as C$14.80 and last traded at C$14.66, with a volume of 159605 shares changing hands. The stock had previously closed at C$14.28.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank upped their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. CIBC increased their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets raised their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Price Performance

The firm has a market capitalization of C$2.62 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The business’s fifty day moving average is C$13.44 and its 200 day moving average is C$13.21.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Tuesday, November 5th. The mining company reported C$0.35 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. As a group, analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 1.48%. The ex-dividend date was Tuesday, December 31st. Dundee Precious Metals’s payout ratio is 14.47%.

Dundee Precious Metals Company Profile

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.