Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 12-Month High – Should You Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) shares hit a new 52-week high during trading on Thursday . The company traded as high as $12.53 and last traded at $12.45, with a volume of 138891 shares traded. The stock had previously closed at $12.21.

Analyst Upgrades and Downgrades

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

Dundee Precious Metals Stock Performance

The stock has a market capitalization of $2.19 billion, a P/E ratio of 9.74 and a beta of 0.62. The stock has a 50 day moving average of $10.84 and a 200 day moving average of $10.05.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Dundee Precious Metals had a return on equity of 19.41% and a net margin of 38.84%. On average, research analysts anticipate that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.25%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 12.21%.

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.