Dundee Precious Metals (OTCMKTS:DPMLF) Hits New 12-Month High - Here's Why

Shares of Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $14.75 and last traded at $13.61, with a volume of 64533 shares changing hands. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

DPMLF has been the topic of several recent research reports. TD Securities upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a research report on Tuesday, February 4th. National Bankshares reissued an "outperform" rating on shares of Dundee Precious Metals in a report on Wednesday.

Dundee Precious Metals Stock Performance

The company has a market capitalization of $2.24 billion, a PE ratio of 10.11 and a beta of 0.53. The company's fifty day moving average is $12.78 and its 200-day moving average is $10.80.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Dundee Precious Metals had a net margin of 38.84% and a return on equity of 19.41%. On average, sell-side analysts expect that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.21%. Dundee Precious Metals's dividend payout ratio is presently 12.21%.

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.