Dundee Precious Metals (OTCMKTS:DPMLF) Upgraded at Macquarie

Macquarie upgraded shares of Dundee Precious Metals (OTCMKTS:DPMLF) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on DPMLF. National Bankshares reiterated an “outperform” rating on shares of Dundee Precious Metals in a research note on Wednesday, July 16th. Stifel Canada raised Dundee Precious Metals to a “strong-buy” rating in a report on Thursday, September 4th. Scotiabank reissued an “outperform” rating on shares of Dundee Precious Metals in a report on Thursday, September 4th. Finally, Royal Bank Of Canada raised Dundee Precious Metals to a “moderate buy” rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Dundee Precious Metals Stock Up 1.1%

DPMLF opened at $22.10 on Wednesday. The stock has a 50-day moving average price of $18.31 and a 200-day moving average price of $15.59. Dundee Precious Metals has a 1 year low of $8.65 and a 1 year high of $23.14.

Dundee Precious Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, meeting 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 business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.36 million. As a group, equities research analysts expect that Dundee Precious Metals will post 1.52 EPS for the current fiscal year.

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.