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

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.10 and last traded at $12.86, with a volume of 73921 shares trading hands. The stock had previously closed at $12.91.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded shares of 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 simple moving average of $11.12 and a two-hundred day simple moving average of $10.14. The firm has a market cap of $2.21 billion, a PE ratio of 9.83 and a beta of 0.62.

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

Dundee Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. 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.