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

Shares of Dundee Precious Metals Inc. (TSE:DPM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$41.20 and traded as high as C$46.26. Dundee Precious Metals shares last traded at C$45.48, with a volume of 608,841 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DPM shares. TD Securities upped their price objective on Dundee Precious Metals from C$42.00 to C$57.00 in a report on Thursday, January 22nd. Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$62.00 to C$70.00 in a report on Friday, March 6th. Royal Bank Of Canada upped their price target on shares of Dundee Precious Metals from C$46.00 to C$63.00 in a research note on Thursday, March 12th. Scotiabank increased their price objective on shares of Dundee Precious Metals from C$43.00 to C$55.00 in a research report on Monday, January 26th. Finally, BMO Capital Markets lifted their price objective on shares of Dundee Precious Metals from C$38.00 to C$50.00 in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Dundee Precious Metals currently has a consensus rating of “Buy” and a consensus target price of C$56.11.

Dundee Precious Metals Price Performance

The firm has a market capitalization of C$10.09 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.04 and a beta of 1.19. The company has a current ratio of 3.58, a quick ratio of 6.61 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of C$50.99 and a 200-day moving average price of C$41.29.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, February 10th. The mining company reported C$1.06 earnings per share for the quarter. The firm had revenue of C$471.85 million for the quarter. Dundee Precious Metals had a return on equity of 19.82% and a net margin of 42.07%. On average, analysts expect that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current year.

Insider Activity

In other news, insider William John Jr. Decooman sold 7,671 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of C$50.20, for a total value of C$385,084.20. Company insiders own 0.16% of the company’s stock.

Dundee Precious Metals Company Profile

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.