Dundee Precious Metals (TSE:DPM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Dundee Precious Metals Inc. (TSE:DPM)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.12 and traded as high as C$14.65. Dundee Precious Metals shares last traded at C$14.52, with a volume of 440,484 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Scotiabank raised their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Finally, CIBC increased their price target on Dundee Precious Metals from C$16.00 to C$17.00 in a research note on Thursday, December 19th.

Dundee Precious Metals Stock Up 2.8 %

The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm’s 50-day moving average is C$13.24 and its 200 day moving average is C$13.12.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. Sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal year.

Dundee Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, December 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 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.