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

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) reached 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. The stock had previously closed at $12.88.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Stock Up 1.6 %

The firm has a market cap of $2.25 billion, a PE ratio of 9.99 and a beta of 0.62. The company has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $10.20.

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

Dundee Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio is currently 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.