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

Shares of Dundee Precious Metals Inc. (TSE:DPM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.61 and traded as high as C$13.49. Dundee Precious Metals shares last traded at C$13.14, with a volume of 820,114 shares changing hands.

Analyst Upgrades and Downgrades

DPM has been the subject of several analyst reports. Scotiabank increased their price objective on Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. Jefferies Financial Group increased their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. BMO Capital Markets boosted their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Dundee Precious Metals Stock Performance

The stock has a 50 day simple moving average of C$13.44 and a two-hundred day simple moving average of C$12.62. The company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61.

Dundee Precious Metals Cuts Dividend

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

Insider Activity

In related news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. Corporate 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.