Dundee Precious Metals (TSE:DPM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Price Performance

The stock has a 50-day simple moving average of C$19.44 and a 200-day simple moving average of C$16.70. The stock has a market cap of C$2.54 billion, a P/E ratio of 12.94, a PEG ratio of 0.04 and a beta of 1.20.

Insider Buying and Selling at Dundee Precious Metals

In other news, Senior Officer Iliya Garkov sold 12,000 shares of Dundee Precious Metals stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$18.49, for a total transaction of C$221,880.00. Also, Director Marie-Anne Tawil sold 10,000 shares of Dundee Precious Metals stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$19.08, for a total value of C$190,800.00. Insiders have sold a total of 32,000 shares of company stock worth $597,880 over the last 90 days. Insiders own 0.16% of the company’s stock.

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.