Dundee Precious Metals (TSE:DPM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.04 and traded as high as C$17.81. Dundee Precious Metals shares last traded at C$17.41, with a volume of 827,846 shares changing hands.

Wall Street Analyst Weigh In

DPM has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. CIBC lifted their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th. TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank lifted their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th.

Dundee Precious Metals Price Performance

The firm’s 50-day moving average is C$15.29 and its two-hundred day moving average is C$14.04. The company has a market cap of C$2.15 billion, a P/E ratio of 10.97, a PEG ratio of 0.04 and a beta of 1.20.

Insider Buying and Selling at Dundee Precious Metals

In related news, Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. Company insiders own 0.16% of the company’s stock.

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.