Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 12-Month High – Should You Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high on Thursday . The stock traded as high as $12.53 and last traded at $12.45, with a volume of 138891 shares trading hands. The stock had previously closed at $12.21.

Analyst Upgrades and Downgrades

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

Dundee Precious Metals Price Performance

The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 9.74 and a beta of 0.62. The company has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $10.05.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. Dundee Precious Metals had a return on equity of 19.41% and a net margin of 38.84%. On average, research analysts expect that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 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.