Dundee Precious Metals (TSE:DPM) Shares Cross Below 200-Day Moving Average of $7.66
Dundee Precious Metals Inc. (TSE:DPM – Get Rating)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.66 and traded as low as C$7.35. Dundee Precious Metals shares last traded at C$7.37, with a volume of 464,828 shares traded.
A number of analysts have recently issued reports on DPM shares. Royal Bank of Canada set a C$13.00 target price on Dundee Precious Metals and gave the stock an “outperform” rating in a report on Friday, February 18th. BMO Capital Markets started coverage on shares of Dundee Precious Metals in a research report on Tuesday, May 3rd. They issued a “buy” rating and a C$11.00 price objective for the company. Scotiabank lifted their target price on shares of Dundee Precious Metals from C$10.50 to C$13.00 in a report on Tuesday, April 19th. National Bankshares increased their price target on Dundee Precious Metals from C$10.00 to C$10.50 and gave the company a “sector perform” rating in a report on Monday, May 9th. Finally, Canaccord Genuity Group increased their target price on Dundee Precious Metals from C$9.00 to C$9.50 in a research note on Friday, April 22nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$11.38.
The company has a quick ratio of 5.19, a current ratio of 5.70 and a debt-to-equity ratio of 1.98. The company has a 50 day moving average of C$7.64 and a 200-day moving average of C$7.66. The stock has a market capitalization of C$1.41 billion and a P/E ratio of 5.14.
Dundee Precious Metals (TSE:DPM – Get Rating) last issued its earnings results on Wednesday, May 4th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.02. The business had revenue of C$194.82 million during the quarter. Equities analysts forecast that Dundee Precious Metals Inc. will post 1.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.051 per share. This is an increase from Dundee Precious Metals’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, June 29th. Dundee Precious Metals’s dividend payout ratio is presently 9.07%.
In other Dundee Precious Metals news, Director Jonathan Carter Goodman sold 43,513 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of C$7.98, for a total value of C$347,233.74. Following the sale, the director now owns 457,166 shares in the company, valued at C$3,648,184.68. Also, Senior Officer Iliya Garkov sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of C$7.43, for a total value of C$92,875.00. Insiders sold 68,913 shares of company stock worth $538,149 over the last ninety days.
About Dundee Precious Metals (TSE:DPM)
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.
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