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

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,029,300 shares, an increase of 22.1% from the January 31st total of 1,661,900 shares. Based on an average daily trading volume, of 90,100 shares, the short-interest ratio is currently 22.5 days.

Dundee Precious Metals Price Performance

Shares of Dundee Precious Metals stock opened at $12.15 on Thursday. The firm has a market cap of $2.11 billion, a P/E ratio of 9.27 and a beta of 0.62. The firm has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $9.94. Dundee Precious Metals has a fifty-two week low of $7.17 and a fifty-two week high of $12.21.

Dundee Precious Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Dundee Precious Metals had a net margin of 38.84% and a return on equity of 19.41%. On average, sell-side analysts expect that Dundee Precious Metals will post 1.52 EPS for the current year.

Dundee Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Monday, March 31st. Dundee Precious Metals’s dividend payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

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

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.