Dundee Precious Metals (TSE:DPM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.61 and traded as high as C$13.49. Dundee Precious Metals shares last traded at C$13.14, with a volume of 820,114 shares trading hands.

Wall Street Analyst Weigh In

DPM has been the subject of a number of research analyst reports. Scotiabank increased their target price on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, BMO Capital Markets increased their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st.

Dundee Precious Metals Trading Down 1.8 %

The company’s 50 day moving average price is C$13.45 and its 200 day moving average price is C$12.61. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The company has a market cap of C$2.36 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.64%. Dundee Precious Metals’s payout ratio is presently 14.47%.

Insider Activity at Dundee Precious Metals

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is currently owned by company insiders.

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.