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

Dundee Precious Metals Inc. (TSE:DPM)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.09 and traded as high as C$21.10. Dundee Precious Metals shares last traded at C$21.10, with a volume of 190,592 shares traded.

Analysts Set New Price Targets

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

Dundee Precious Metals Stock Up 0.7%

The firm has a fifty day simple moving average of C$18.89 and a 200-day simple moving average of C$16.09. The company has a market cap of C$2.61 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Transactions at Dundee Precious Metals

In other news, Director Nikolay Hristov sold 3,833 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total transaction of C$67,460.80. Also, Director Robert Peter Charles Gillin sold 10,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$18.52, for a total transaction of C$185,200.00. Over the last quarter, insiders sold 35,833 shares of company stock worth $665,341. Company insiders own 0.16% of the company’s stock.

About Dundee Precious Metals

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.