Shares of Dundee Precious Metals Inc. (TSE:DPM – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.85 and traded as high as C$13.52. Dundee Precious Metals shares last traded at C$13.43, with a volume of 303,068 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on DPM shares. CIBC raised their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Scotiabank raised their price target on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research note on Thursday, November 21st. BMO Capital Markets upped their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Royal Bank of Canada raised their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, Jefferies Financial Group upped their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th.
Dundee Precious Metals Stock Down 0.5 %
Dundee Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.61%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 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.
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