Dundee Precious Metals (TSE:DPM) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Dundee Precious Metals Inc. (TSE:DPM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.16 and traded as high as C$14.24. Dundee Precious Metals shares last traded at C$13.84, with a volume of 307,298 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on DPM shares. Jefferies Financial Group increased their price objective on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Canaccord Genuity Group raised their price target on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. CIBC raised their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank raised their price target on shares of 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 company’s 50 day moving average price is C$13.62 and its two-hundred day moving average price is C$12.17. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The stock has a market cap of C$2.49 billion, a P/E ratio of 9.11, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The firm had revenue of C$214.59 million for the quarter. Equities analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current year.

Dundee Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, September 27th. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 14.47%.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. Company 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.