Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Increases By 26.7%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,740,500 shares, a growth of 26.7% from the July 31st total of 1,373,700 shares. Based on an average daily volume of 35,700 shares, the short-interest ratio is presently 48.8 days.

Dundee Precious Metals Stock Up 0.3 %

Shares of DPMLF stock traded up $0.03 on Friday, hitting $9.76. The company had a trading volume of 9,800 shares, compared to its average volume of 25,952. Dundee Precious Metals has a twelve month low of $5.78 and a twelve month high of $10.02. The firm has a market cap of $1.77 billion, a P/E ratio of 9.30 and a beta of 0.68. The company has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.00.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 34.73%. The company had revenue of $156.84 million during the quarter.

Dundee Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, September 27th. Dundee Precious Metals’s dividend payout ratio is currently 15.24%.

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.