Dundee Precious Metals (TSE:DPM) Stock Price Passes Above 200-Day Moving Average of $9.84

Dundee Precious Metals Inc. (TSE:DPM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.84 and traded as high as C$11.17. Dundee Precious Metals shares last traded at C$11.14, with a volume of 137,306 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DPM shares. Scotiabank boosted their price objective on Dundee Precious Metals from C$14.00 to C$15.00 in a report on Thursday, May 23rd. Jefferies Financial Group boosted their price objective on Dundee Precious Metals from C$13.00 to C$15.00 in a report on Thursday, June 6th. Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd. CIBC upped their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Finally, National Bankshares upped their target price on Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th.

Dundee Precious Metals Price Performance

The company has a market capitalization of C$2.02 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. The company has a fifty day moving average price of C$10.93 and a 200 day moving average price of C$9.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.92 and a quick ratio of 6.61.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The business had revenue of C$166.90 million during the quarter. On average, sell-side analysts forecast that Dundee Precious Metals Inc. will post 1.428934 EPS for the current fiscal year.

Dundee Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Dundee Precious Metals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, June 28th. Dundee Precious Metals’s dividend payout ratio is 16.67%.

Insider Buying and Selling

In related news, Director Nikolay Hristov sold 6,267 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.90, for a total value of C$68,310.30. In other Dundee Precious Metals news, Senior Officer David Rae sold 42,339 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total value of C$467,422.56. Also, Director Nikolay Hristov sold 6,267 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.90, for a total value of C$68,310.30. Insiders sold 62,181 shares of company stock valued at $683,972 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

Dundee Precious Metals Company Profile

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.