Dundee Precious Metals (TSE:DPM) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$46.46 and traded as high as C$47.12. Dundee Precious Metals shares last traded at C$45.65, with a volume of 648,915 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce increased their price target on Dundee Precious Metals from C$58.00 to C$64.00 in a research report on Thursday, February 26th. Canaccord Genuity Group increased their price target on Dundee Precious Metals from C$62.00 to C$70.00 in a research report on Friday, March 6th. Royal Bank Of Canada increased their price target on Dundee Precious Metals from C$46.00 to C$63.00 in a research report on Thursday, March 12th. Finally, Stifel Nicolaus increased their price target on Dundee Precious Metals from C$46.00 to C$61.00 in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$56.11.

Dundee Precious Metals Price Performance

The business has a 50-day moving average of C$48.10 and a two-hundred day moving average of C$46.56. The company has a market cap of C$10.23 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.04 and a beta of 1.49.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings data on Tuesday, May 5th. The mining company reported C$1.06 earnings per share for the quarter. Dundee Precious Metals had a return on equity of 22.46% and a net margin of 47.14%.The company had revenue of C$431.50 million for the quarter. Equities analysts anticipate that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current fiscal year.

About Dundee Precious Metals

DPM Metals engages in the acquisition, exploration, development, mining, and processing of precious metals, primarily focusing on gold, copper, and silver deposits. The company produces approximately 200,000 ounces of gold annually and is among the lowest-cost gold producers globally. DPM Metals maintains a strong financial position with $763 million in net cash as of March 2025 and has returned over $260 million to shareholders since 2020.