Dundee Precious Metals (OTCMKTS:DPMLF) Raised to Strong-Buy at TD Securities

TD Securities upgraded shares of Dundee Precious Metals (OTCMKTS:DPMLFFree Report) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Dundee Precious Metals Price Performance

Shares of DPMLF opened at $10.58 on Tuesday. The business’s 50 day simple moving average is $9.48 and its 200-day simple moving average is $9.54. Dundee Precious Metals has a 1 year low of $5.78 and a 1 year high of $10.78. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.54 and a beta of 0.66.

Dundee Precious Metals (OTCMKTS:DPMLFGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Dundee Precious Metals had a net margin of 35.59% and a return on equity of 16.96%. The company had revenue of $147.26 million for the quarter. On average, sell-side analysts expect that Dundee Precious Metals will post 1.18 earnings per share for the current year.

About Dundee Precious Metals

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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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