Dundee Precious Metals (OTCMKTS:DPMLF) Trading 1.7% Higher – Here’s What Happened

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) shares traded up 1.7% on Friday . The company traded as high as $17.81 and last traded at $17.81. 184,704 shares changed hands during mid-day trading, an increase of 218% from the average session volume of 58,061 shares. The stock had previously closed at $17.52.

Wall Street Analyst Weigh In

Separately, National Bankshares restated an “outperform” rating on shares of Dundee Precious Metals in a report on Wednesday, July 16th.

Dundee Precious Metals Trading Up 1.7%

The stock’s fifty day moving average price is $16.33 and its two-hundred day moving average price is $14.13. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 12.72 and a beta of 0.59.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.36 million. Dundee Precious Metals had a net margin of 37.07% and a return on equity of 21.79%. Analysts anticipate that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.04 dividend. This represents a dividend yield of 104.0%. The ex-dividend date of this dividend was Monday, June 30th. Dundee Precious Metals’s dividend payout ratio (DPR) is 11.43%.

Dundee Precious Metals Company Profile

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.