Dundee Precious Metals (TSE:DPM) Shares Break Above 200 Day Moving Average – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$53.23 and traded as high as C$57.48. Dundee Precious Metals shares last traded at C$56.25, with a volume of 874,093 shares traded.

Dundee Precious Metals Stock Down 0.4%

The firm has a 50 day moving average price of C$60.83 and a 200 day moving average price of C$53.25. The stock has a market cap of C$12.29 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 0.04 and a beta of 1.44.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Thursday, July 30th. The mining company reported C$1.35 earnings per share for the quarter. The company had revenue of C$513.67 million during the quarter. Dundee Precious Metals had a net margin of 51.68% and a return on equity of 24.39%. Equities analysts forecast that Dundee Precious Metals Inc. will post 1.90 earnings per share for the current year.

Insider Buying and Selling

In other Dundee Precious Metals news, Director Juanita Montalvo sold 2,277 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of C$61.43, for a total transaction of C$139,876.11. Following the completion of the sale, the director owned 13,694 shares in the company, valued at C$841,222.42. This represents a 14.26% decrease in their ownership of the stock. Insiders have sold a total of 6,408 shares of company stock valued at $335,104 over the last ninety days. Insiders own 0.16% of the company’s stock.

Dundee Precious Metals Company Profile

DPM Metals Inc is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and grow together. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.