Dundee Precious Metals Inc. (OTCMKTS:DPMLF – Get 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
Dundee Precious Metals (OTCMKTS:DPMLF – Get 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
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.
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