Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 1-Year High - Still a Buy?

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.

Shares of Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) 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 trading hands. The stock had previously closed at $21.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DPMLF shares. Scotiabank reissued an "outperform" rating on shares of Dundee Precious Metals in a report on Thursday, September 4th. National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research note on Wednesday, July 16th. Royal Bank Of Canada upgraded Dundee Precious Metals to a "moderate buy" rating in a research note on Wednesday, September 10th. Finally, Stifel Canada upgraded Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, Dundee Precious Metals has an average rating of "Buy".

Dundee Precious Metals Price Performance

The company has a 50-day simple moving average of $17.88 and a 200-day simple moving average of $15.37. The stock has a market cap of $3.59 billion, a PE ratio of 15.37 and a beta of 0.64.

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

Dundee Precious Metals Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 104.0%. Dundee Precious Metals's dividend payout ratio (DPR) is 11.43%.

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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