Dundee Precious Metals (TSE:DPM) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Dundee Precious Metals Inc. (TSE:DPM) 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 changing hands.

Wall Street Analyst Weigh In

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

Dundee Precious Metals Trading Up 1.5 %

The firm’s 50-day simple moving average is C$13.34 and its 200 day simple moving average is C$12.74. The stock has a market capitalization of C$2.38 billion, a P/E ratio of 8.72, a PEG ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 1.63%. Dundee Precious Metals’s dividend payout ratio (DPR) 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.