Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 1-Year High – What’s Next?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $19.23 and last traded at $17.92, with a volume of 2388 shares. The stock had previously closed at $18.00.

Analyst Ratings Changes

Separately, National Bankshares reissued an “outperform” rating on shares of Dundee Precious Metals in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Dundee Precious Metals Stock Performance

The firm has a market cap of $3.10 billion, a P/E ratio of 13.28 and a beta of 0.59. The stock has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $14.68.

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

Dundee Precious Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a dividend yield of 104.0%. Dundee Precious Metals’s payout ratio is presently 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.