Dundee Precious Metals Inc (TSE:DPM) – Stock analysts at Beacon Securities issued their Q1 2020 EPS estimates for Dundee Precious Metals in a research note issued to investors on Tuesday, February 18th. Beacon Securities analyst M. Curran anticipates that the mining company will post earnings of $0.17 per share for the quarter. Beacon Securities has a “Buy” rating on the stock. Beacon Securities also issued estimates for Dundee Precious Metals’ Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.12 EPS, FY2021 earnings at $0.93 EPS and FY2022 earnings at $0.98 EPS.
DPM has been the subject of several other reports. National Bank Financial set a C$7.75 price target on shares of Dundee Precious Metals and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Scotiabank reduced their target price on shares of Dundee Precious Metals from C$7.00 to C$6.50 in a research note on Tuesday. CIBC lifted their target price on shares of Dundee Precious Metals from C$7.00 to C$7.75 in a research note on Tuesday, January 28th. Finally, Canaccord Genuity reduced their target price on shares of Dundee Precious Metals from C$8.50 to C$7.50 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$7.10.
DPM stock opened at C$5.65 on Thursday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.49 and a current ratio of 0.97. The stock has a market cap of $1.01 billion and a P/E ratio of 51.36. The firm has a 50 day simple moving average of C$5.76 and a 200 day simple moving average of C$5.18. Dundee Precious Metals has a 52 week low of C$3.55 and a 52 week high of C$6.66.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Monday, March 30th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 2,836.36%.
In other Dundee Precious Metals news, Senior Officer David Rae sold 51,448 shares of Dundee Precious Metals stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$5.60, for a total value of C$288,108.80. Also, Director Richard Allan Howes sold 87,300 shares of Dundee Precious Metals stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$5.63, for a total transaction of C$491,499.00. Following the completion of the transaction, the director now directly owns 135,026 shares in the company, valued at approximately C$760,196.38. Insiders sold 299,700 shares of company stock valued at $1,695,670 over the last quarter.
About Dundee Precious Metals
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.