Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Short Interest Update

Dundee Precious Metals Inc. (OTCMKTS:DPMLFGet Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,766,600 shares, a growth of 30.4% from the February 28th total of 2,121,400 shares. Based on an average trading volume of 135,700 shares, the days-to-cover ratio is currently 20.4 days. Approximately 1.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on DPMLF

Dundee Precious Metals Price Performance

Shares of DPMLF traded up $0.11 during trading hours on Wednesday, hitting $13.38. 20,752 shares of the company were exchanged, compared to its average volume of 69,255. The firm has a fifty day simple moving average of $11.68 and a 200-day simple moving average of $10.35. The company has a market capitalization of $2.30 billion, a PE ratio of 10.21 and a beta of 0.62. Dundee Precious Metals has a one year low of $7.35 and a one year high of $13.54.

Dundee Precious Metals (OTCMKTS:DPMLFGet Free Report) 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 return on equity of 19.41% and a net margin of 38.84%. Sell-side analysts expect that Dundee Precious Metals will post 1.52 EPS for the current year.

Dundee Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is currently 12.21%.

About Dundee Precious Metals

(Get Free Report)

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.

Further Reading

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