Dundee Precious Metals (TSE:DPM) Shares Pass Above Two Hundred Day Moving Average of $8.31

Dundee Precious Metals Inc. (TSE:DPM – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.31 and traded as high as C$10.07. Dundee Precious Metals shares last traded at C$9.92, with a volume of 299,099 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank increased their price target on shares of Dundee Precious Metals from C$12.00 to C$13.00 in a report on Wednesday, April 12th. CIBC upped their price objective on shares of Dundee Precious Metals from C$10.00 to C$11.50 in a research note on Wednesday, April 12th. Stifel Nicolaus increased their price target on shares of Dundee Precious Metals from C$11.50 to C$12.25 in a research report on Thursday, April 20th. Finally, National Bankshares raised their target price on shares of Dundee Precious Metals from C$13.50 to C$14.50 and gave the stock an “outperform” rating in a research report on Monday, May 8th.

Dundee Precious Metals Stock Performance

The company has a market capitalization of C$1.87 billion, a PE ratio of 25.44, a PEG ratio of 0.04 and a beta of 1.17. The business’s 50-day moving average is C$10.01 and its 200-day moving average is C$8.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 6.61 and a current ratio of 6.31.

Dundee Precious Metals (TSE:DPM – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.03. The business had revenue of C$207.59 million for the quarter. On average, research analysts anticipate that Dundee Precious Metals Inc. will post 1.3684211 earnings per share for the current year.

Dundee Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from Dundee Precious Metals’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 2.18%. Dundee Precious Metals’s payout ratio is 56.41%.

Insiders Place Their Bets

In other Dundee Precious Metals news, Director Nikolay Hristov sold 22,733 shares of Dundee Precious Metals stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$8.80, for a total value of C$200,050.40. In other Dundee Precious Metals news, Director Nikolay Hristov sold 22,733 shares of Dundee Precious Metals stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$8.80, for a total value of C$200,050.40. Also, Senior Officer David Rae sold 26,930 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of C$9.11, for a total transaction of C$245,332.30. Over the last ninety days, insiders sold 52,163 shares of company stock valued at $470,008. Insiders own 0.31% of the company’s stock.

About Dundee Precious Metals

(Get Rating)

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.