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

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 Royal Bank Of Canada to a "moderate buy" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. National Bankshares reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research note on Wednesday, July 16th. Scotiabank reaffirmed an "outperform" rating on shares of Dundee Precious Metals in a research note on Thursday, September 4th. Finally, Stifel Canada raised Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Dundee Precious Metals has an average rating of "Buy".

Dundee Precious Metals Price Performance

OTCMKTS:DPMLF opened at $21.23 on Wednesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 15.16 and a beta of 0.64. Dundee Precious Metals has a 1-year low of $8.65 and a 1-year high of $21.43. The firm's fifty day moving average price is $17.55 and its 200 day moving average price is $15.11.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The company 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%. As a group, analysts expect that Dundee Precious Metals will post 1.52 earnings per share for the current fiscal year.

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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