Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.96 and traded as high as C$22.39. Dundee Precious Metals shares last traded at C$22.04, with a volume of 641,776 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on DPM shares. Stifel Nicolaus boosted their price objective on Dundee Precious Metals from C$19.50 to C$23.75 in a research note on Monday, April 21st. Royal Bank Of Canada upped their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. TD Securities upped their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th. Finally, Canaccord Genuity Group raised their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th.
Read Our Latest Report on DPM
Dundee Precious Metals Stock Performance
The firm has a market cap of C$2.79 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock has a fifty day simple moving average of C$20.83 and a 200 day simple moving average of C$18.09.
Dundee Precious Metals Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, June 30th. This represents a $0.16 annualized dividend and a yield of 0.71%. Dundee Precious Metals's dividend payout ratio (DPR) is presently 13.86%.
About Dundee Precious Metals
(
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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.
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