Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 1-Year High - Here's What Happened

Key Points

• Dundee Precious Metals Inc. (OTCMKTS:DPMLF) reached a new 52-week high of $23.14, with the last traded price at $21.52 and a trading volume of 113,143 shares.
• Several analysts have given Dundee Precious Metals a positive outlook, with ratings ranging from "moderate buy" to "strong-buy," leading to an average rating of "Buy."
• The company recently announced a $0.04 dividend, yielding 104.0%, and reported a net margin of 37.07% along with an EPS of $0.52 for the last quarter.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $23.14 and last traded at $21.52, with a volume of 113143 shares traded. The stock had previously closed at $21.58.

Wall Street Analysts Forecast Growth

DPMLF has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded shares of Dundee Precious Metals to a "moderate buy" rating in a research report on Wednesday, September 10th. Stifel Canada upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a report on Thursday, September 4th. Macquarie raised shares of Dundee Precious Metals to a "strong-buy" rating in a research note on Wednesday. Scotiabank reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research note on Thursday, September 4th. Finally, National Bankshares reissued an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, Dundee Precious Metals has an average rating of "Strong Buy".

Dundee Precious Metals Stock Performance

The firm has a 50-day moving average price of $18.31 and a two-hundred day moving average price of $15.59.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.36 million. Dundee Precious Metals had a return on equity of 21.79% and a net margin of 37.07%. On average, equities research analysts predict that Dundee Precious Metals Inc. will post 1.52 EPS for the current year.

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.