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

Key Points

• Dundee Precious Metals shares reached a new 52-week high of $19.99, closing at $19.43 with a trading volume of 170,369 shares.
• The company has a market capitalization of $3.24 billion, a P/E ratio of 13.88, and an impressive return on equity of 21.79%.
• Dundee Precious Metals recently declared a dividend of $0.04 per share, resulting in a yield of 104.0% and a payout ratio of 11.43%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.99 and last traded at $19.43, with a volume of 170369 shares trading hands. The stock had previously closed at $19.33.

Wall Street Analyst Weigh In

Separately, National Bankshares reiterated 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 assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Strong Buy".

Dundee Precious Metals Stock Performance

The stock has a 50-day moving average of $17.12 and a 200-day moving average of $14.82. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 13.88 and a beta of 0.64.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS 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 during the quarter, compared to analysts' expectations of $177.36 million. Sell-side analysts predict that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.04 per share. 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 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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