Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Short Interest Up 22.1% in February

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,029,300 shares, an increase of 22.1% from the January 31st total of 1,661,900 shares. Based on an average daily volume of 90,100 shares, the short-interest ratio is currently 22.5 days.

Dundee Precious Metals Price Performance

Shares of OTCMKTS DPMLF opened at $12.22 on Friday. The company’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $9.97. The firm has a market capitalization of $2.12 billion, a P/E ratio of 9.33 and a beta of 0.62. Dundee Precious Metals has a fifty-two week low of $7.17 and a fifty-two week high of $12.40.

Dundee Precious Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. Dundee Precious Metals had a return on equity of 19.41% and a net margin of 38.84%. Sell-side analysts expect that Dundee Precious Metals will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is 12.21%.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

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.