Research Analysts Set Expectations for Dundee Precious Metals Inc.’s FY2022 Earnings (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPMGet Rating) – Research analysts at National Bank Financial increased their FY2022 earnings estimates for Dundee Precious Metals in a research report issued to clients and investors on Tuesday, April 19th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of $0.98 per share for the year, up from their prior estimate of $0.85. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2023 earnings at $1.31 EPS.

Dundee Precious Metals (TSE:DPMGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The mining company reported C$0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.01. The firm had revenue of C$209.79 million during the quarter.

A number of other research firms have also issued reports on DPM. Royal Bank of Canada set a C$13.00 price objective on Dundee Precious Metals and gave the company an “outperform” rating in a research report on Friday, February 18th. Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$9.00 to C$9.50 in a research report on Friday. Scotiabank boosted their price objective on Dundee Precious Metals from C$10.50 to C$13.00 in a research report on Tuesday. Finally, National Bankshares reduced their price objective on Dundee Precious Metals from C$10.25 to C$10.00 in a research report on Wednesday.

Shares of TSE DPM opened at C$7.45 on Friday. Dundee Precious Metals has a twelve month low of C$6.99 and a twelve month high of C$9.67. The company has a current ratio of 5.99, a quick ratio of 5.28 and a debt-to-equity ratio of 1.51. The company has a market capitalization of C$1.42 billion and a price-to-earnings ratio of 5.27. The business has a 50 day simple moving average of C$7.76 and a 200-day simple moving average of C$7.86.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 18th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Wednesday, March 30th. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.04. Dundee Precious Metals’s payout ratio is 8.49%.

In other news, Director Robert Peter Charles Gillin sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of C$7.87, for a total value of C$78,700.00. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at C$118,050. Also, Senior Officer Iliya Garkov sold 12,500 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of C$7.43, for a total value of C$92,875.00. Insiders have sold a total of 78,913 shares of company stock valued at $616,849 in the last quarter.

About Dundee Precious Metals (Get Rating)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's 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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