Dundee Precious Metals (TSE:DPM) Stock Passes Above 200-Day Moving Average of $11.04

Dundee Precious Metals Inc. (TSE:DPM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.04 and traded as high as C$12.83. Dundee Precious Metals shares last traded at C$12.80, with a volume of 248,420 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DPM shares. CIBC boosted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. National Bankshares boosted their target price on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. Canaccord Genuity Group raised their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group lifted their price target on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a report on Friday, July 12th. Finally, Scotiabank increased their price objective on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Stock Down 2.3 %

The stock’s 50 day moving average is C$12.25 and its 200 day moving average is C$11.08. The company has a market capitalization of C$2.25 billion, a PE ratio of 8.45, a PEG ratio of 0.04 and a beta of 1.18. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals (TSE:DPM) last posted its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The firm had revenue of C$214.59 million for the quarter. On average, sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.6620253 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.22 dividend on an annualized basis and a yield of 1.76%. Dundee Precious Metals’s dividend payout ratio (DPR) is 14.86%.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total value of C$86,400.00. Insiders own 0.16% of the company’s stock.

About Dundee Precious Metals

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.