Dundee Precious Metals (DPM) Set to Announce Quarterly Earnings on Thursday

Dundee Precious Metals (TSE:DPM) will be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.44 per share for the quarter.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The business had revenue of C$166.90 million for the quarter.

Dundee Precious Metals Stock Performance

Shares of DPM opened at C$11.64 on Wednesday. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$12.35. The firm has a fifty day simple moving average of C$11.27 and a 200 day simple moving average of C$10.26. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.04 and a beta of 1.23. The company has a current ratio of 6.92, a quick ratio of 6.61 and a debt-to-equity ratio of 1.20.

Dundee Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a dividend of $0.055 per share. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, June 28th. This represents a $0.22 annualized dividend and a yield of 1.89%. Dundee Precious Metals’s dividend payout ratio is presently 16.67%.

Insider Transactions at Dundee Precious Metals

In other news, Senior Officer David Rae sold 42,339 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$11.04, for a total transaction of C$467,422.56. In other news, Director Nikolay Hristov sold 6,267 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$10.90, for a total transaction of C$68,310.30. Also, Senior Officer David Rae sold 42,339 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total transaction of C$467,422.56. In the last 90 days, insiders sold 62,181 shares of company stock worth $683,972. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DPM has been the subject of several recent research reports. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Scotiabank increased their price target on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. CIBC increased their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Stifel Nicolaus increased their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Finally, Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research note on Friday, July 12th.

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.