Dundee Precious Metals (OTCMKTS:DPMLF) Shares Gap Up - Here's Why

Key Points

• Dundee Precious Metals shares experienced a significant movement, opening at $19.52 after closing at $18.59, despite last trading at $18.58 with a volume of 3,995 shares.
• The company has a market capitalization of $3.22 billion and reported earnings of $0.52 per share in its last quarterly results, surpassing revenue estimates.
• Dundee Precious Metals declared a $0.04 dividend with a yield of 104.0% and a payout ratio of 11.43%, paid to investors of record on July 1.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.59, but opened at $19.52. Dundee Precious Metals shares last traded at $18.58, with a volume of 3,995 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a report on Wednesday, July 16th. Stifel Canada raised shares of Dundee Precious Metals to a "strong-buy" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, Dundee Precious Metals has a consensus rating of "Strong Buy".

Dundee Precious Metals Trading Up 2.1%

The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.06 and a beta of 0.64. The firm's fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $14.87.

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 the consensus estimate of $0.52. Dundee Precious Metals had a net margin of 37.07% and a return on equity of 21.79%. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.36 million. As a group, analysts forecast that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.04 per share. The ex-dividend date was Monday, June 30th. This represents a yield of 104.0%. Dundee Precious Metals's dividend 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.