Rating Reporting: 198.51% to Target, Scotia Capital Reconfirms “Outperform” Rating for Dundee Precious Metals Inc (TSE:DPM) Stock

November 30, 2016 - By Darrin Black

Dundee Precious Metals Inc (TSE:DPM) Rating

Dundee Precious Metals Inc (TSE:DPM) had its stock rating noted as “Outperform” by analysts at Scotia Capital. Scotia Capital currently has a $6.00 TP on the $324.39M market cap company or 198.51% upside potential. This was shown in a report on Tuesday morning.

The stock closed at $2.02 during the last session. It is up 20.78% since April 26, 2016 and is downtrending. It has underperformed by 26.01% the S&P500.

Analysts await DCP Midstream Partners, LP (NYSE:DPM) to report earnings on February, 22. They expect $0.50 EPS, down 38.27% or $0.31 from last year’s $0.81 per share. DPM’s profit will be $55.73M for 16.29 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by DCP Midstream Partners, LP for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.36, from 0.98 in 2016Q1. The ratio increased, as 9 funds sold all Dundee Precious Metals Inc shares owned while 45 reduced positions. 19 funds bought stakes while 34 increased positions. They now own 75.59 million shares or 2.50% less from 77.53 million shares in 2016Q1.

Yorkville Cap Mgmt Ltd Limited Liability Company reported 33,929 shares or 1.25% of all its holdings. Wfg Advsr Limited Partnership owns 100 shares or 0% of their US portfolio. Cetera Advsrs Lc holds 0.03% or 12,400 shares in its portfolio. Parkside Bancorp & holds 0.74% of its portfolio in Dundee Precious Metals Inc (TSE:DPM) for 43,839 shares. Janus Management Ltd Liability Com last reported 0.08% of its portfolio in the stock. Ladenburg Thalmann Financial last reported 41,882 shares in the company. Kayne Anderson Advsr Limited Partnership holds 10.59 million shares or 4.05% of its portfolio. Texas Yale Cap Corporation accumulated 0.16% or 46,050 shares. Vantage Invest Limited Liability Company owns 121 shares or 0% of their US portfolio. Renaissance Techs Limited Company reported 321,710 shares or 0.02% of all its holdings. National Insur Tx owns 36,800 shares or 0.07% of their US portfolio. Security National Trust Company reported 1,500 shares or 0.02% of all its holdings. Deutsche State Bank Ag last reported 0.01% of its portfolio in the stock. The California-based Rbf Cap Ltd Liability has invested 0.06% in Dundee Precious Metals Inc (TSE:DPM). Guggenheim Capital Limited Liability reported 158,117 shares or 0.02% of all its holdings.

Dundee Precious Metals Inc. is a Canada gold mining company. The company has a market cap of $324.39 million. The Firm is engaged in the acquisition, exploration, development, mining and processing of precious metals. It currently has negative earnings. The Company’s operates through its subsidiaries, such as Dundee Precious Metals Chelopech EAD (Chelopech), Dundee Precious Metals Kapan CJSC (Kapan) and Dundee Precious Metals Tsumeb (Proprietary) Limited (Tsumeb).

According to Zacks Investment Research, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies.”

DPM Company Profile

DCP Midstream Partners, LP, incorporated on August 5, 2005, is a limited partnership. The Firm is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics.

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