Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – Here’s What Happened

Dundee Precious Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.78 and last traded at $10.58, with a volume of 23849 shares changing hands. The stock had previously closed at $10.51.

Analysts Set New Price Targets

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

Dundee Precious Metals Trading Up 2.8 %

The company has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $9.56. The stock has a market capitalization of $1.94 billion, a PE ratio of 9.91 and a beta of 0.66.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $147.26 million during the quarter. On average, equities research analysts predict that Dundee Precious Metals Inc. will post 1.18 EPS for the current year.

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.