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

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.16 and traded as high as C$14.24. Dundee Precious Metals shares last traded at C$13.84, with a volume of 307,298 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on DPM shares. Scotiabank boosted their price target on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. CIBC upped their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a report on Wednesday, July 10th. Royal Bank of Canada upped their target price on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group upped their target price on Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd.

Dundee Precious Metals Stock Performance

The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The company has a 50 day simple moving average of C$13.62 and a 200-day simple moving average of C$12.17. The stock has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The firm had revenue of C$214.59 million for the quarter. As a group, equities research analysts expect that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, September 27th. Dundee Precious Metals's dividend payout ratio (DPR) is presently 14.47%.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total value of C$86,400.00. In other news, Director Xuefeng Chen sold 6,750 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. Insiders own 0.16% of the company's stock.

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.