Dundee Precious Metals (OTCMKTS:DPMLF) Trading 1.7% Higher - Here's What Happened

Key Points

• Dundee Precious Metals' shares increased by 1.7% on Friday, trading at $17.81, with a trading volume significantly higher than the average.
• The company reported $0.52 earnings per share for the last quarter, matching analysts' expectations, and had a revenue of $178.30 million.
• Dundee Precious Metals recently declared a dividend of $0.04 with a high dividend yield of 104.0%, reflecting a payout ratio of 11.43%.

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares traded up 1.7% on Friday . The company traded as high as $17.81 and last traded at $17.81. 184,704 shares changed hands during mid-day trading, an increase of 218% from the average session volume of 58,061 shares. The stock had previously closed at $17.52.

Wall Street Analyst Weigh In

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

Dundee Precious Metals Trading Up 1.7%

The stock's fifty day moving average price is $16.33 and its two-hundred day moving average price is $14.13. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 12.72 and a beta of 0.59.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.36 million. Dundee Precious Metals had a net margin of 37.07% and a return on equity of 21.79%. Analysts anticipate that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.