Dundee Precious Metals (OTCMKTS:DPMLF) Trading Up 1.7% - 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 stock traded as high as $17.81 and last traded at $17.81. 184,704 shares traded hands during trading, an increase of 218% from the average session volume of 58,061 shares. The stock had previously closed at $17.52.

Analysts Set New Price Targets

Separately, National Bankshares restated an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Dundee Precious Metals presently has a consensus rating of "Strong Buy".

Dundee Precious Metals Price Performance

The firm's 50-day simple moving average is $16.49 and its two-hundred day simple moving average is $14.29. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.54 and a beta of 0.59.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, meeting the consensus estimate 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%. On average, analysts expect that Dundee Precious Metals Inc. will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

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