Dundee Precious Metals (TSE:DPM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.74 and traded as high as C$13.38. Dundee Precious Metals shares last traded at C$13.26, with a volume of 222,867 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DPM shares. Scotiabank raised their price target on Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. CIBC lifted their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Jefferies Financial Group lifted their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st.

Dundee Precious Metals Trading Down 0.5 %

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 capitalization of C$2.37 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a 50 day simple moving average of C$13.30 and a 200-day simple moving average of C$12.76.

Dundee Precious Metals Cuts Dividend

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

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.