Dundee Precious Metals (TSE:DPM) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.70 and traded as high as C$21.23. Dundee Precious Metals shares last traded at C$20.54, with a volume of 434,709 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. CIBC boosted their target price on Dundee Precious Metals from C$18.00 to C$21.00 in a report on Thursday, April 17th. Jefferies Financial Group lifted their price target on Dundee Precious Metals from C$19.00 to C$23.00 in a research report on Friday, April 4th. Stifel Nicolaus increased their price objective on Dundee Precious Metals from C$19.50 to C$23.75 in a report on Monday, April 21st. Finally, Royal Bank of Canada lifted their target price on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a report on Friday, April 4th.

Dundee Precious Metals Stock Performance

The business has a 50-day simple moving average of C$19.44 and a two-hundred day simple moving average of C$16.70. The company has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.04 and a beta of 1.20.

Insiders Place Their Bets

In related news, Senior Officer Iliya Garkov sold 12,000 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$18.49, for a total value of C$221,880.00. Also, Director Robert Peter Charles Gillin sold 10,000 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$18.52, for a total value of C$185,200.00. In the last quarter, insiders sold 32,000 shares of company stock worth $597,880. 0.16% of the stock is owned by insiders.

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.