Dundee Precious Metals (TSE:DPM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Dundee Precious Metals Inc. (TSE:DPM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.78 and traded as high as C$18.96. Dundee Precious Metals shares last traded at C$18.86, with a volume of 499,955 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a research report on Friday, April 4th. CIBC raised their price target on Dundee Precious Metals from C$18.00 to C$21.00 in a research report on Thursday, April 17th. Royal Bank of Canada lifted their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a report on Friday, April 4th. TD Securities raised Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price target on shares of Dundee Precious Metals from C$19.50 to C$23.75 in a research note on Monday, April 21st.

Dundee Precious Metals Stock Up 0.6%

The company has a market capitalization of C$2.33 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a fifty day moving average price of C$18.65 and a 200 day moving average price of C$15.78.

Insider Activity at Dundee Precious Metals

In other news, Director Marie-Anne Tawil sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. In the last quarter, insiders have sold 42,583 shares of company stock valued at $780,496. 0.16% of the stock is owned by insiders.

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.