Dundee Precious Metals Inc. to Issue Dividend of $0.04 (OTCMKTS:DPMLF)

Key Points

• Dundee Precious Metals Inc. has declared a dividend of $0.04 per share, with a high dividend yield of 72.0%, payable on October 15th to shareholders of record as of September 30th.
• The company's stock opened at $22.10 and has shown a significant range in its 52-week trading, with a high of $23.14 and a low of $8.65.
• Analyst ratings for Dundee Precious Metals are favorable, with multiple upgrades leading to a consensus rating of "Strong Buy" from analysts.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) declared a dividend on Monday, September 22nd, investing.com reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.04 per share on Wednesday, October 15th. This represents a dividend yield of 72.0%. The ex-dividend date is Monday, September 29th.

Dundee Precious Metals Trading Up 2.1%

DPMLF traded up $0.46 on Monday, hitting $22.56. 149,581 shares of the company's stock were exchanged, compared to its average volume of 121,569. Dundee Precious Metals has a fifty-two week low of $8.65 and a fifty-two week high of $23.14. The firm has a 50-day moving average price of $18.43 and a 200-day moving average price of $15.71.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $178.30 million during the quarter, compared to analysts' expectations of $177.36 million. Dundee Precious Metals had a net margin of 37.07% and a return on equity of 21.79%. Research analysts forecast that Dundee Precious Metals will post 1.52 earnings per share for the current fiscal year.

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.