Dundee Precious Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – Time to Buy?

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.15 and last traded at $12.08, with a volume of 98084 shares. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Stock Up 5.2 %

The firm has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $9.74. The stock has a market capitalization of $2.10 billion, a P/E ratio of 9.22 and a beta of 0.66.

Dundee Precious Metals (OTCMKTS:DPMLF) last announced its earnings results on Thursday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Dundee Precious Metals Inc. will post 1.45 earnings per share for the current fiscal year.

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.