Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.85 and traded as high as C$13.52. Dundee Precious Metals shares last traded at C$13.43, with a volume of 303,068 shares traded.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Jefferies Financial Group upped their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Scotiabank increased their target price on Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. CIBC lifted their price target on Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Finally, BMO Capital Markets increased their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.
View Our Latest Report on Dundee Precious Metals
Dundee Precious Metals Price Performance
The company has a 50 day simple moving average of C$13.19 and a 200 day simple moving average of C$12.85. The company has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 1.61%. Dundee Precious Metals's dividend payout ratio (DPR) is 14.47%.
About Dundee Precious Metals
(
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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.
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