Dundee Precious Metals (TSE:DPM) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Dundee Precious Metals' stock price recently exceeded its 200-day moving average of C$18.81, trading as high as C$23.20, and closing at C$22.80.
• A number of brokerages have upgraded their price targets for Dundee Precious Metals, with TD Securities raising its target from C$23.00 to C$25.00 and issuing a "buy" rating.
• The company declared a quarterly dividend of $0.04 per share, which results in an annualized yield of 0.70% and a dividend payout ratio of 13.86%.

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$18.81 and traded as high as C$23.20. Dundee Precious Metals shares last traded at C$22.80, with a volume of 386,345 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DPM. TD Securities increased 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 note on Monday, June 16th. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a research report on Friday, April 4th. Canaccord Genuity Group raised 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 research note on Tuesday, June 17th. Royal Bank Of Canada upped their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. Finally, Scotiabank increased their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a report on Monday, June 16th.

Dundee Precious Metals Trading Down 2.1%

The stock has a market capitalization of C$2.82 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.04 and a beta of 1.20. The firm's fifty day moving average is C$21.64 and its 200-day moving average is C$18.81.

Dundee Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a dividend of $0.04 per share. The ex-dividend date was Monday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. Dundee Precious Metals's dividend payout ratio (DPR) is presently 13.86%.

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.

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