North American Palladium (TSE:PDL) Shares Cross Below 200-Day Moving Average of $14.47

North American Palladium Ltd. (TSE:PDL)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.47 and traded as low as $16.00. North American Palladium shares last traded at $16.05, with a volume of 62,875 shares trading hands.

Separately, BMO Capital Markets boosted their target price on North American Palladium from C$17.00 to C$17.50 in a research report on Friday, August 2nd.

The firm has a market capitalization of $903.21 million and a PE ratio of 5.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.65 and a quick ratio of 3.00. The business’s 50 day moving average is C$15.13 and its two-hundred day moving average is C$14.46.

North American Palladium (TSE:PDL) last issued its earnings results on Thursday, August 1st. The company reported C$0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.64 by C($0.02). The business had revenue of C$125.70 million during the quarter. Analysts expect that North American Palladium Ltd. will post 1.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Sunday, September 15th will be paid a $0.45 dividend. This is a boost from North American Palladium’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.27%. North American Palladium’s dividend payout ratio is 4.59%.

About North American Palladium (TSE:PDL)

North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine that is located to the northwest of Thunder Bay, Ontario. The company was founded in 1968 and is headquartered in Toronto, Canada.

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