Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – Here’s Why

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.27 and last traded at $13.09, with a volume of 30298 shares trading hands. The stock had previously closed at $12.88.

Analyst Upgrades and Downgrades

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

Dundee Precious Metals Stock Up 1.2 %

The company has a fifty day moving average price of $11.39 and a 200 day moving average price of $10.25. The stock has a market cap of $2.26 billion, a PE ratio of 10.08 and a beta of 0.62.

Dundee Precious Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results 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 predict that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current year.

Dundee Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s payout ratio is 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.