Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – What’s Next?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.10 and last traded at $12.86, with a volume of 73921 shares. The stock had previously closed at $12.91.

Analyst Upgrades and Downgrades

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

Dundee Precious Metals Stock Performance

The firm has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $10.10. The company has a market capitalization of $2.21 billion, a PE ratio of 9.81 and a beta of 0.62.

Dundee Precious Metals (OTCMKTS:DPMLF) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, March 31st. Dundee Precious Metals’s payout ratio is currently 12.21%.

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.