Dundee Precious Metals (TSE:DPM) Stock Passes Above 200-Day Moving Average – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.12 and traded as high as C$14.65. Dundee Precious Metals shares last traded at C$14.52, with a volume of 440,484 shares traded.

Analysts Set New Price Targets

DPM has been the subject of several analyst reports. CIBC upped their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research note on Thursday, December 19th. Jefferies Financial Group upped 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. Scotiabank raised their target price on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. BMO Capital Markets boosted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Finally, Royal Bank of Canada raised their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Dundee Precious Metals Trading Up 2.8 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The business’s 50 day moving average price is C$13.24 and its 200-day moving average price is C$13.12. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, November 5th. The mining company reported C$0.35 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. Equities analysts expect that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.054 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.49%. Dundee Precious Metals’s payout ratio is 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.