Dundee Precious Metals (TSE:DPM) Stock Price Passes Above 200 Day Moving Average of $9.79

Dundee Precious Metals Inc. (TSE:DPM)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.79 and traded as high as C$10.88. Dundee Precious Metals shares last traded at C$10.81, with a volume of 470,141 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DPM. National Bankshares raised their price objective on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. CIBC lifted their target price on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Scotiabank lifted their target price on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd. Stifel Nicolaus lifted their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Finally, Jefferies Financial Group raised their price target on shares of Dundee Precious Metals from C$13.00 to C$15.00 in a report on Thursday, June 6th.

Dundee Precious Metals Stock Down 0.2 %

The stock has a market cap of C$1.96 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.04 and a beta of 1.23. The company has a current ratio of 6.92, a quick ratio of 6.61 and a debt-to-equity ratio of 1.20. The firm’s fifty day moving average is C$10.90 and its 200 day moving average is C$9.79.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.03). The firm had revenue of C$166.90 million during the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. As a group, equities research analysts forecast that Dundee Precious Metals Inc. will post 1.428934 EPS for the current year.

Dundee Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, June 28th. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.05. Dundee Precious Metals’s dividend payout ratio (DPR) is 16.67%.

Insider Buying and Selling

In other news, Senior Officer Navin Dyal bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In related news, Senior Officer Navin Dyal acquired 15,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of C$10.70 per share, for a total transaction of C$160,500.00. Also, insider Dundee Precious Metals Inc. acquired 63,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of C$10.89 per share, for a total transaction of C$686,070.00. Insiders have sold 62,181 shares of company stock worth $683,972 in the last quarter. 0.14% of the stock is currently owned by company insiders.

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.