Dundee Precious Metals (OTCMKTS:DPMLF) Sets New 52-Week High - Still a Buy?

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 changing hands. The stock had previously closed at $16.44.

Analyst Upgrades and Downgrades

Separately, National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research note on Tuesday, June 24th.

Dundee Precious Metals Price Performance

The stock's fifty day simple moving average is $15.28 and its 200-day simple moving average is $12.97. The stock has a market cap of $2.73 billion, a P/E ratio of 13.09 and a beta of 0.59.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its earnings results 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 analysts' expectations of $148.87 million. Analysts forecast that Dundee Precious Metals Inc. will post 1.52 EPS for the current year.

Dundee Precious Metals Announces Dividend

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

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.