Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Increases By 30.4%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) was the target of a large 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. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 135,700 shares, the days-to-cover ratio is presently 20.4 days.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Price Performance

OTCMKTS DPMLF traded up $0.06 during trading on Monday, reaching $13.27. 73,783 shares of the company’s stock traded hands, compared to its average volume of 69,957. Dundee Precious Metals has a 12-month low of $7.35 and a 12-month high of $13.38. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 10.13 and a beta of 0.62. The company’s 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $10.30.

Dundee Precious Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Dundee Precious Metals will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend 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.