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

Key Points

• Dundee Precious Metals shares crossed above their 200-day moving average of C$53.23, reaching C$57.48 before closing at C$56.25 on volume of 874,093 shares.
• The company reported quarterly EPS of C$1.35 on revenue of C$513.67 million, with a 51.68% net margin and 24.39% return on equity. Analysts expect full-year EPS of C$1.90.
• Insiders have sold 6,408 shares worth approximately C$335,104 over the past 90 days; insiders currently own 0.16% of the company.

Shares of Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$53.23 and traded as high as C$57.48. Dundee Precious Metals shares last traded at C$56.25, with a volume of 874,093 shares trading hands.

Dundee Precious Metals Stock Performance

The stock has a 50-day simple moving average of C$60.96 and a 200 day simple moving average of C$53.23. The stock has a market capitalization of C$12.34 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.04 and a beta of 1.44.

Dundee Precious Metals (TSE:DPM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported C$1.35 earnings per share (EPS) for the quarter. The business had revenue of C$513.67 million for the quarter. Dundee Precious Metals had a return on equity of 24.39% and a net margin of 51.68%. Equities analysts predict that Dundee Precious Metals Inc. will post 1.90 earnings per share for the current year.

Insider Activity

In other Dundee Precious Metals news, Director Juanita Montalvo sold 2,277 shares of the firm's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of C$61.43, for a total value of C$139,876.11. Following the completion of the transaction, the director directly owned 13,694 shares in the company, valued at C$841,222.42. This trade represents a 14.26% decrease in their ownership of the stock. Insiders sold a total of 6,408 shares of company stock valued at $335,104 over the last 90 days. 0.16% of the stock is currently owned by insiders.

About Dundee Precious Metals

DPM Metals Inc is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. The Company's purpose is to unlock resources and generate value to thrive and grow together. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.

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