Dundee Precious Metals (TSE:DPM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.36 and traded as high as C$25.54. Dundee Precious Metals shares last traded at C$25.46, with a volume of 839,991 shares traded.

Wall Street Analysts Forecast Growth

DPM has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Monday, June 16th. Canaccord Genuity Group upped their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, June 17th. TD Securities upped their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Finally, CIBC upped their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$23.28.

Dundee Precious Metals Stock Up 3.0%

The stock’s 50 day moving average price is C$23.19 and its two-hundred day moving average price is C$20.39. The stock has a market cap of C$4.25 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.04 and a beta of 0.77.

Dundee Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.6%. Dundee Precious Metals’s payout ratio is 11.51%.

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.