Dundee Precious Metals (OTCMKTS:DPMLF) Sets New 12-Month High - Time to Buy?

Key Points

• Dundee Precious Metals' stock reached a new 52-week high of $19.23, with a recent trading price of $17.92 and a trading volume of 2,388 shares.
• The company reported earnings of $0.52 per share for the last quarter, matching analysts' expectations, alongside revenues of $178.30 million.
• Dundee Precious Metals declared a dividend of $0.04 per share, with a notable dividend yield of 104.0% and a payout ratio of 11.43%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.23 and last traded at $17.92, with a volume of 2388 shares trading hands. The stock had previously closed at $18.00.

Analyst Upgrades and Downgrades

Separately, National Bankshares reissued an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Dundee Precious Metals presently has a consensus rating of "Strong Buy".

Dundee Precious Metals Price Performance

The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 13.81 and a beta of 0.64. The stock's 50 day simple moving average is $16.97 and its two-hundred day simple moving average is $14.76.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.52 EPS for the quarter, hitting analysts' consensus estimates of $0.52. Dundee Precious Metals had a net margin of 37.07% and a return on equity of 21.79%. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.36 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 Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, June 30th. Dundee Precious Metals's payout ratio is presently 11.43%.

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.