Dundee Precious Metals (OTCMKTS:DPMLF) Rating Increased to Moderate Buy at Royal Bank Of Canada

Key Points

• Dundee Precious Metals has been upgraded to a "moderate buy" rating by Royal Bank Of Canada, reflecting increased confidence from analysts in the company's stock.
• The company reported earnings of $0.52 EPS for the last quarter, meeting the consensus estimate, while revenue reached $178.30 million.
• Dundee Precious Metals has an average rating of "Buy" from analysts, with two giving a Strong Buy rating and three others rating it as Buy.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) was upgraded by investment analysts at Royal Bank Of Canada to a "moderate buy" rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Stifel Canada raised Dundee Precious Metals to a "strong-buy" rating in a research report on Thursday, September 4th. Scotiabank reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research report on Thursday, September 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, Dundee Precious Metals currently has an average rating of "Buy".

Dundee Precious Metals Price Performance

Shares of Dundee Precious Metals stock traded down $0.26 during trading hours on Wednesday, hitting $21.26. The company's stock had a trading volume of 19,919 shares, compared to its average volume of 75,200. Dundee Precious Metals has a 12 month low of $8.65 and a 12 month high of $23.14. The stock has a 50 day moving average of $17.88 and a 200 day moving average of $15.37. The company has a market capitalization of $3.55 billion, a PE ratio of 15.19 and a beta of 0.64.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last announced 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 company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.36 million. Equities analysts expect that Dundee Precious Metals will post 1.52 EPS for the current year.

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.