Dundee Precious Metals (TSE:DPM) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Dundee Precious Metals' stock price recently surpassed its 200-day moving average, reaching a high of C$25.54 before closing at C$25.46.
• Analysts have raised their price targets for the stock, with firms like CIBC and TD Securities setting new targets at C$25.00 and maintaining a "buy" rating.
• The company has declared a quarterly dividend of $0.04, which will be paid on October 15th, representing an annual yield of 0.6%.

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report)'s share price 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 trading hands.

Analyst Ratings Changes

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

Dundee Precious Metals Stock Performance

The stock has a market capitalization of C$4.46 billion, a P/E ratio of 19.24, a PEG ratio of 0.04 and a beta of 0.77. The business has a fifty day simple moving average of C$23.39 and a 200-day simple moving average of C$20.53.

Dundee Precious Metals Dividend Announcement

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