Shares of Dundee Precious Metals Inc. (OTCMKTS:DPMLF – Get Rating) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.96.
Several research analysts have weighed in on DPMLF shares. Stifel Nicolaus lowered their target price on shares of Dundee Precious Metals from C$13.25 to C$11.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Dundee Securities raised shares of Dundee Precious Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$8.75 to C$10.00 in a report on Tuesday, August 2nd. Scotiabank reduced their target price on shares of Dundee Precious Metals from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, July 29th. BMO Capital Markets began coverage on shares of Dundee Precious Metals in a report on Wednesday, May 4th. They issued an “outperform” rating and a C$11.00 target price on the stock. Finally, National Bank Financial raised their target price on shares of Dundee Precious Metals from C$10.00 to C$10.50 in a report on Monday, May 9th.
Dundee Precious Metals Trading Up 2.5 %
Dundee Precious Metals stock opened at $5.35 on Friday. Dundee Precious Metals has a 12-month low of $4.26 and a 12-month high of $7.85. The stock has a market cap of $1.02 billion, a P/E ratio of 6.29 and a beta of 0.52. The company has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.72.
Dundee Precious Metals Announces Dividend
The business also recently disclosed a dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a yield of 2.8%. Dundee Precious Metals’s payout ratio is currently 18.82%.
Dundee Precious Metals Company Profile
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.
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