Dundee Precious Metals (OTCMKTS:DPMLF) Sets New 1-Year High on Analyst Upgrade

Key Points

• Dundee Precious Metals shares have reached a new 52-week high, trading at $20.66 during the session, reflecting strong investor interest and trading volume of 126,346 shares.
• Analysts maintain a consensus of “Strong Buy” for the stock, with multiple upgrades from firms like Stifel Canada and National Bankshares in recent analyses.
• The company recently announced a $0.04 per share dividend, yielding 104%, with a payout ratio of 11.43%, indicating solid financial health.

Shares of Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) reached a new 52-week high on Wednesday after Royal Bank Of Canada upgraded the stock to a moderate buy rating. The stock traded as high as $20.66 and last traded at $20.17, with a volume of 126346 shares. The stock had previously closed at $20.43.

DPMLF has been the subject of several other research reports. National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research note on Wednesday, July 16th. Scotiabank restated an "outperform" rating on shares of Dundee Precious Metals in a research note on Thursday, September 4th. Finally, Stifel Canada upgraded Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Dundee Precious Metals presently has a consensus rating of "Buy".

Dundee Precious Metals Trading Down 0.1%

The firm has a fifty day simple moving average of $17.78 and a two-hundred day simple moving average of $15.30. The stock has a market cap of $3.60 billion, a PE ratio of 15.40 and a beta of 0.64.

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

Dundee Precious Metals Dividend Announcement

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