Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Sees Large Growth in Short Interest

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 2,766,600 shares, an increase of 30.4% from the February 28th total of 2,121,400 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 135,700 shares, the short-interest ratio is currently 20.4 days.

Dundee Precious Metals Stock Up 0.8 %

DPMLF stock traded up $0.11 during trading on Wednesday, hitting $13.38. 20,752 shares of the company’s stock traded hands, compared to its average volume of 69,255. The stock has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $10.35. Dundee Precious Metals has a 52 week low of $7.35 and a 52 week high of $13.54. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.21 and a beta of 0.62.

Dundee Precious Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.46 earnings per share (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%. As a group, equities research analysts expect that Dundee Precious Metals will post 1.52 EPS for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.16 annualized dividend and a yield of 1.20%. Dundee Precious Metals’s dividend payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

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

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.