Dundee Precious Metals (OTCMKTS:DPMLF) Sets New 12-Month High – Still a Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s stock price reached a new 52-week high on Monday . The stock traded as high as $13.38 and last traded at $13.27, with a volume of 73783 shares traded. The stock had previously closed at $13.21.

Wall Street Analysts Forecast Growth

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 company has a 50 day moving average of $11.54 and a two-hundred day moving average of $10.30. The stock has a market cap of $2.28 billion, a PE ratio of 10.13 and a beta of 0.62.

Dundee Precious Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 research analysts anticipate that Dundee Precious Metals Inc. will post 1.52 EPS for the current year.

Dundee Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s payout ratio is 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.