Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 12-Month High – Time to Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.27 and last traded at $13.09, with a volume of 30298 shares trading hands. The stock had previously closed at $12.88.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Trading Up 1.6 %

The firm’s 50-day moving average price is $11.26 and its 200 day moving average price is $10.20. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 9.99 and a beta of 0.62.

Dundee Precious Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, February 13th. The company reported $0.46 EPS for the quarter, beating the consensus estimate 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 forecast that Dundee Precious Metals Inc. will post 1.52 earnings per share for the current fiscal year.

Dundee Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio is currently 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.