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

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) reached a new 52-week high on Friday . The company traded as high as $13.80 and last traded at $13.63, with a volume of 31049 shares trading hands. The stock had previously closed at $13.15.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DPMLF shares. TD Securities raised Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. National Bankshares restated an “outperform” rating on shares of Dundee Precious Metals in a research report on Wednesday, April 2nd.

Dundee Precious Metals Stock Up 3.7 %

The company’s 50-day moving average is $12.18 and its 200 day moving average is $10.52. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 10.40 and a beta of 0.53.

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

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 12.21%.

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.