Dundee Precious Metals (TSE:DPM) Stock Price Down 3.2% on Insider Selling

Dundee Precious Metals Inc (TSE:DPM)’s stock price traded down 3.2% on Tuesday after an insider sold shares in the company. The company traded as low as C$4.74 and last traded at C$4.77. 144,656 shares changed hands during trading, a decline of 59% from the average session volume of 349,785 shares. The stock had previously closed at C$4.93.

Specifically, Director Peter Nixon sold 9,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$4.79, for a total value of C$43,110.00. Following the sale, the director now owns 754 shares in the company, valued at C$3,611.66. Also, Director Nikolay Hristov sold 22,934 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$4.86, for a total transaction of C$111,466.12. Insiders sold 54,867 shares of company stock worth $252,041 in the last 90 days.

Separately, Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$5.50 to C$6.00 in a research report on Wednesday.

The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 4.54. The stock has a market cap of $879.91 million and a price-to-earnings ratio of 26.50. The stock’s 50-day simple moving average is C$4.16.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Thursday, May 9th. The mining company reported C($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.06). The business had revenue of C$113.46 million for the quarter. Analysts predict that Dundee Precious Metals Inc will post 0.43 earnings per share for the current year.

Dundee Precious Metals Company Profile (TSE:DPM)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.

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