Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Increases By 30.4%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,766,600 shares, an increase of 30.4% from the February 28th total of 2,121,400 shares. Approximately 1.6% of the company's shares are sold short. Based on an average daily trading volume, of 135,700 shares, the days-to-cover ratio is currently 20.4 days.

Dundee Precious Metals Price Performance

OTCMKTS DPMLF traded down $0.89 on Friday, reaching $12.57. The company had a trading volume of 108,581 shares, compared to its average volume of 71,773. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 9.60 and a beta of 0.53. The business has a 50 day moving average of $11.87 and a two-hundred day moving average of $10.41. Dundee Precious Metals has a fifty-two week low of $7.50 and a fifty-two week high of $13.54.

Dundee Precious Metals (OTCMKTS:DPMLF - Get Free Report) last released its 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%. As a group, research analysts predict that Dundee Precious Metals will post 1.52 earnings per share for the current fiscal year.

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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 paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, March 31st. Dundee Precious Metals's dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

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

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.