Dundee Precious Metals (TSE:DPM) Stock Crosses Above 200-Day Moving Average – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$46.46 and traded as high as C$47.12. Dundee Precious Metals shares last traded at C$45.65, with a volume of 648,915 shares changing hands.

Wall Street Analysts Forecast Growth

DPM has been the subject of a number of recent research reports. Royal Bank Of Canada increased their target price on shares of Dundee Precious Metals from C$46.00 to C$63.00 in a research report on Thursday, March 12th. Stifel Nicolaus increased their target price on shares of Dundee Precious Metals from C$46.00 to C$61.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce increased their target price on shares of Dundee Precious Metals from C$58.00 to C$64.00 in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$62.00 to C$70.00 in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$56.11.

Dundee Precious Metals Stock Down 3.9%

The stock has a market capitalization of C$10.09 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.04 and a beta of 1.49. The company’s 50-day moving average is C$48.13 and its 200-day moving average is C$46.46.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, May 5th. The mining company reported C$1.06 earnings per share for the quarter. Dundee Precious Metals had a net margin of 47.14% and a return on equity of 22.46%. The business had revenue of C$431.50 million during the quarter. Sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

About Dundee Precious Metals

DPM Metals engages in the acquisition, exploration, development, mining, and processing of precious metals, primarily focusing on gold, copper, and silver deposits. The company produces approximately 200,000 ounces of gold annually and is among the lowest-cost gold producers globally. DPM Metals maintains a strong financial position with $763 million in net cash as of March 2025 and has returned over $260 million to shareholders since 2020.