Dundee Precious Metals (OTCMKTS:DPMLF) Sets New 12-Month High – Still a Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.53 and last traded at $12.45, with a volume of 138891 shares traded. The stock had previously closed at $12.21.

Wall Street Analyst Weigh In

Separately, TD Securities raised Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

Dundee Precious Metals Stock Performance

The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 9.50 and a beta of 0.62. The company’s 50-day moving average is $10.71 and its 200-day moving average is $10.02.

Dundee Precious Metals (OTCMKTS:DPMLF) last posted its earnings results on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Dundee Precious Metals had a net margin of 38.84% and a return on equity of 19.41%. On average, analysts predict that Dundee Precious Metals Inc. will post 1.52 EPS for the current year.

Dundee Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio is 12.21%.

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.