Dundee Precious Metals (TSE:DPM) Shares Cross Above 200 Day Moving Average - Here's Why

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.94 and traded as high as C$19.19. Dundee Precious Metals shares last traded at C$18.92, with a volume of 491,746 shares traded.

Wall Street Analysts Forecast Growth

DPM has been the subject of several research reports. TD Securities raised Dundee Precious Metals to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank upped their price target on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. CIBC lifted their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th. Royal Bank of Canada upped their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group boosted their price target on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th.

Dundee Precious Metals Price Performance

The company has a fifty day moving average price of C$17.56 and a two-hundred day moving average price of C$14.98. The firm has a market cap of C$2.39 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Director Nikolay Hristov sold 3,833 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of C$17.60, for a total value of C$67,460.80. Over the last three months, insiders have sold 42,583 shares of company stock valued at $780,496. Corporate insiders own 0.16% of the company's stock.

Remove Ads

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.