Dundee Precious Metals (TSE:DPM) Shares Cross Above 200-Day Moving Average – Should You Sell?

Dundee Precious Metals Inc. (TSE:DPM) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.94 and traded as high as C$19.19. Dundee Precious Metals shares last traded at C$18.92, with a volume of 491,746 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DPM. Royal Bank of Canada boosted their target price on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th. CIBC boosted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Scotiabank lifted their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group increased their target price on Dundee Precious Metals from C$19.00 to C$23.00 in a research report on Friday, April 4th.

Dundee Precious Metals Trading Up 2.9 %

The firm has a market capitalization of C$2.34 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm has a 50-day moving average of C$17.49 and a two-hundred day moving average of C$14.94.

Insider Activity

In related news, Senior Officer Iliya Garkov sold 12,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$18.49, for a total value of C$221,880.00. Also, Director Nikolay Hristov sold 3,833 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total value of C$67,460.80. Insiders have sold 42,583 shares of company stock valued at $780,496 in the last three months. Corporate insiders own 0.16% of the company’s stock.

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.