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

Dundee Precious Metals Inc. (TSE:DPM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.78 and traded as high as C$18.96. Dundee Precious Metals shares last traded at C$18.86, with a volume of 499,955 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on DPM. Stifel Nicolaus boosted their target price on Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st. Royal Bank of Canada increased their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday, April 4th. TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th. CIBC upped their price target on Dundee Precious Metals from C$18.00 to C$21.00 in a research note on Thursday, April 17th. Finally, Jefferies Financial Group upped their price target on Dundee Precious Metals from C$19.00 to C$23.00 in a research note on Friday, April 4th.

Dundee Precious Metals Price Performance

The business has a 50 day simple moving average of C$18.65 and a 200 day simple moving average of C$15.79. The company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.04 and a beta of 1.20.

Insider Activity

In other news, Director Nikolay Hristov sold 3,833 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of C$17.60, for a total value of C$67,460.80. Also, Senior Officer Iliya Garkov sold 12,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$18.49, for a total value of C$221,880.00. Over the last three months, insiders have sold 42,583 shares of company stock worth $780,496. Corporate 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.