Dundee Precious Metals (OTCMKTS:DPMLF) Shares Gap Up - Still a Buy?

Key Points

• Dundee Precious Metals shares gapped up from $21.58 to $23.14 before trading, with the last trade at $21.69 and a volume of 3,710 shares.
• Multiple research firms have upgraded Dundee Precious Metals' rating, with two analysts giving it a Strong Buy and three others a Buy, leading to a consensus rating of "Buy."
• The company reported quarterly earnings of $0.52 per share, meeting consensus estimates, and recently paid a dividend yielding 4.0%.

Shares of Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $21.58, but opened at $23.14. Dundee Precious Metals shares last traded at $21.69, with a volume of 3,710 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on DPMLF. Scotiabank reissued an "outperform" rating on shares of Dundee Precious Metals in a report on Thursday, September 4th. Royal Bank Of Canada raised Dundee Precious Metals to a "moderate buy" rating in a research note on Wednesday, September 10th. Stifel Canada raised Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Macquarie upgraded Dundee Precious Metals to a "strong-buy" rating in a research report on Wednesday. Finally, National Bankshares reiterated an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, Dundee Precious Metals has a consensus rating of "Strong Buy".

Dundee Precious Metals Price Performance

The stock has a 50 day moving average price of $18.20 and a 200-day moving average price of $15.52. The stock has a market capitalization of $3.69 billion, a P/E ratio of 15.77 and a beta of 0.64.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.36 million. Research analysts predict that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.04 dividend. This represents a dividend yield of 104.0%. The ex-dividend date was Monday, June 30th. Dundee Precious Metals's dividend payout ratio (DPR) 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.