Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – Should You Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.75 and last traded at $13.61, with a volume of 64533 shares trading hands. The stock had previously closed at $14.38.

Analysts Set New Price Targets

Several research firms have weighed in on DPMLF. TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th. National Bankshares reaffirmed an “outperform” rating on shares of Dundee Precious Metals in a research note on Wednesday.

Dundee Precious Metals Stock Up 1.3 %

The stock has a market capitalization of $2.26 billion, a P/E ratio of 10.20 and a beta of 0.53. The company has a fifty day moving average price of $12.75 and a 200-day moving average price of $10.77.

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

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was 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.