Metals & Mining News

FY2022 EPS Estimates for Dundee Precious Metals Inc. Lifted by National Bank Financial (TSE:DPM)

Dundee Precious Metals Inc. (TSE:DPM – Get Rating) – Equities 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 Monday, August 1st. National Bank Financial analyst D. Demarco now expects that the mining company will earn $1.00 per share for the year, up from their prior forecast of $0.81. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.05 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2024 earnings at $0.67 EPS.

DPM has been the subject of several other research reports. BMO Capital Markets initiated coverage on shares of Dundee Precious Metals in a research note on Tuesday, May 3rd. They issued a “buy” rating and a C$11.00 target price for the company. CIBC reduced their target price on shares of Dundee Precious Metals from C$11.50 to C$10.00 in a research note on Tuesday. Scotiabank reduced their target price on shares of Dundee Precious Metals from C$13.00 to C$12.50 in a research note on Friday, July 29th. National Bankshares upgraded shares of Dundee Precious Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$8.75 to C$10.00 in a research note on Tuesday. Finally, Canaccord Genuity Group increased their price target on shares of Dundee Precious Metals from C$9.00 to C$9.50 in a research report on Friday, April 22nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$11.06.

Dundee Precious Metals Stock Up 4.3 %

TSE DPM opened at C$6.50 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.57 and a current ratio of 6.25. The firm has a 50-day simple moving average of C$6.72 and a 200 day simple moving average of C$7.35. Dundee Precious Metals has a twelve month low of C$5.53 and a twelve month high of C$9.65. The stock has a market cap of C$1.24 billion and a PE ratio of 5.96.

Dundee Precious Metals (TSE:DPM – Get Rating) last released its earnings results on Wednesday, May 4th. The mining company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.02. The company had revenue of C$194.82 million during the quarter.

Dundee Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.051 dividend. This represents a $0.20 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, September 29th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 12.84%.

About Dundee Precious Metals

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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.

Further Reading

Earnings History and Estimates for Dundee Precious Metals (TSE:DPM)

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