Dundee Precious Metals (OTCMKTS:DPMLF) Posts Earnings Results, Meets Estimates

Key Points

• Dundee Precious Metals reported a quarterly earnings per share (EPS) of $0.52, meeting analysts' consensus estimates, with a revenue of $178.30 million exceeding expectations of $177.36 million.
• The company's stock rose $1.18 to $17.38, reflecting a market capitalization of $2.90 billion and a PE ratio of 12.41.
• Dundee Precious Metals declared a dividend of $0.04 per share, providing shareholders with a yield of 104.0% as of the payment made on July 15th.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.52 EPS for the quarter, hitting analysts' consensus estimates of $0.52, Zacks reports. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.36 million. Dundee Precious Metals had a return on equity of 21.79% and a net margin of 37.07%.

Dundee Precious Metals Stock Performance

Shares of DPMLF stock traded up $1.18 during mid-day trading on Friday, hitting $17.38. The company's stock had a trading volume of 161,519 shares, compared to its average volume of 71,573. The company has a market cap of $2.90 billion, a PE ratio of 12.41 and a beta of 0.59. The company's fifty day simple moving average is $15.97 and its 200-day simple moving average is $13.60. Dundee Precious Metals has a 52 week low of $8.00 and a 52 week high of $17.84.

Dundee Precious Metals Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.04 per share. This represents a yield of 104.0%. The ex-dividend date was Monday, June 30th. Dundee Precious Metals's dividend payout ratio (DPR) is presently 12.80%.

Analyst Upgrades and Downgrades

Separately, National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th.

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.

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