Dundee Precious Metals (TSE:DPM) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Dundee Precious Metals (TSE:DPM) shares have crossed above their 200-day moving average, trading at C$25.46 compared to the average of C$20.36, indicating positive market momentum.
• Brokerages have raised their price targets for Dundee Precious Metals, with TD Securities and Canaccord Genuity targeting C$25.00, while Scotiabank and CIBC have set their targets at C$23.00.
• The company announced a quarterly dividend of $0.04 to be paid on October 15th, with a yield of 0.6%, reflecting a payout ratio of 11.51%.

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.36 and traded as high as C$25.54. Dundee Precious Metals shares last traded at C$25.46, with a volume of 839,991 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DPM. Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Scotiabank upped their price target on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Monday, June 16th. TD Securities raised their price objective on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, CIBC boosted their target price on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a research note on Monday, June 16th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Dundee Precious Metals currently has a consensus rating of "Buy" and a consensus price target of C$23.28.

Dundee Precious Metals Price Performance

The business has a 50 day moving average of C$23.39 and a 200 day moving average of C$20.53. The firm has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 0.04 and a beta of 0.77.

Dundee Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. Dundee Precious Metals's payout ratio is 11.51%.

Dundee Precious Metals Company Profile

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.