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

Key Points

• Dundee Precious Metals shares gapped up, opening at $21.93, after previously closing at $21.47.
• Analysts have upgraded Dundee Precious Metals' stock with multiple "strong buy" and "moderate buy" ratings, leading to an average rating of "Strong Buy."
• The company declared a dividend of $0.04 per share, set to be paid on October 15th, with a payout ratio of 11.43%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $21.47, but opened at $21.93. Dundee Precious Metals shares last traded at $21.59, with a volume of 1,452 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Macquarie upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. Royal Bank Of Canada upgraded shares of Dundee Precious Metals to a "moderate buy" rating in a research report on Wednesday, September 10th. Stifel Canada upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a research report on Thursday, September 4th. National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. Finally, Scotiabank restated an "outperform" rating on shares of Dundee Precious Metals in a research report on Thursday, September 4th. Three 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, the stock currently has an average rating of "Strong Buy".

Dundee Precious Metals Stock Performance

The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 15.25 and a beta of 0.64. The firm's 50-day simple moving average is $18.67 and its two-hundred day simple moving average is $15.80.

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, 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 company had revenue of $178.30 million during the quarter, compared to analysts' expectations of $177.36 million. Equities research analysts expect that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, September 29th. This represents a dividend yield of 72.0%. Dundee Precious Metals's payout ratio 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.

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