Dundee Precious Metals (TSE:DPM) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.85 and traded as high as C$13.52. Dundee Precious Metals shares last traded at C$13.43, with a volume of 303,068 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. CIBC boosted their price target on Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Scotiabank raised their price target on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st. BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Finally, Jefferies Financial Group raised their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th.

Dundee Precious Metals Trading Down 0.5 %

The firm has a market cap of C$2.41 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company’s 50-day moving average price is C$13.19 and its 200-day moving average price is C$12.85. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.054 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 1.61%. Dundee Precious Metals’s dividend payout ratio (DPR) is currently 14.47%.

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.