Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 52-Week High - Here's Why

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.36 and last traded at $16.61, with a volume of 10021 shares traded. The stock had previously closed at $16.44.

Analyst Ratings Changes

Separately, National Bankshares reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday.

Dundee Precious Metals Trading Down 2.7%

The business's 50-day moving average price is $15.33 and its 200-day moving average price is $12.99. The stock has a market cap of $2.65 billion, a PE ratio of 12.71 and a beta of 0.59.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. Dundee Precious Metals had a net margin of 35.64% and a return on equity of 20.64%. The firm had revenue of $144.15 million for the quarter, compared to the consensus estimate of $148.87 million. As a group, analysts predict that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.04 dividend. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, June 30th. Dundee Precious Metals's payout ratio is currently 12.80%.

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.