Dundee Precious Metals (OTCMKTS:DPMLF) Shares Gap Down - Here's What Happened

Key Points

• Shares of Dundee Precious Metals gapped down on Wednesday, opening at $16.75, down from a previous close of $17.34.
• The company reported quarterly earnings of $0.52 per share, matching analysts' expectations, with a revenue of $178.30 million.
• Dundee Precious Metals recently announced a dividend of $0.04 per share, representing a yield of 104.0% and a payout ratio of 11.43%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $17.34, but opened at $16.75. Dundee Precious Metals shares last traded at $17.62, with a volume of 1,554 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bankshares reiterated an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th.

Dundee Precious Metals Price Performance

The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 12.72 and a beta of 0.59. The business's 50-day simple moving average is $16.33 and its two-hundred day simple moving average is $14.19.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share 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 business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.36 million. Equities research analysts forecast that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current year.

Dundee Precious Metals Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 104.0%. 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.