Dundee Precious Metals (OTCMKTS:DPMLF) Shares Gap Up - Time to 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%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares 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 changing hands.

Analyst Ratings Changes

Several research firms have weighed in on DPMLF. Scotiabank reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research note on Thursday, September 4th. Stifel Canada raised shares of Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. National Bankshares reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada raised shares of Dundee Precious Metals to a "moderate buy" rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, Dundee Precious Metals has a consensus rating of "Buy".

Dundee Precious Metals Price Performance

The firm has a market capitalization of $3.60 billion, a PE ratio of 15.40 and a beta of 0.64. The firm's fifty day moving average is $17.78 and its two-hundred day moving average is $15.30.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last released its quarterly 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 business had revenue of $178.30 million for the quarter, compared to analysts' expectations of $177.36 million. As a group, equities research analysts predict that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued 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 payout ratio is 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.

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