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

Dundee Precious Metals Inc. (TSE:DPM) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$51.07 and traded as high as C$61.47. Dundee Precious Metals shares last traded at C$58.94, with a volume of 893,554 shares trading hands.

Dundee Precious Metals Price Performance

The business has a 50 day moving average of C$55.04 and a 200 day moving average of C$51.15. The company has a market cap of C$13.53 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.04 and a beta of 1.44.

Dundee Precious Metals (TSE:DPM) last announced its earnings results on Thursday, July 30th. The mining company reported C$1.35 earnings per share for the quarter. The firm had revenue of C$513.67 million for the quarter. Dundee Precious Metals had a net margin of 51.68% and a return on equity of 24.39%. Sell-side analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current fiscal year.

Dundee Precious Metals Company Profile

DPM Metals Inc is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and grow together. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.