Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Increases By 7.2%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,628,800 shares, an increase of 7.2% from the May 31st total of 1,518,700 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 61.9 days.

Dundee Precious Metals Stock Performance

Dundee Precious Metals stock opened at $7.78 on Wednesday. The stock has a fifty day moving average of $7.97 and a 200-day moving average of $7.23. The stock has a market capitalization of $1.41 billion, a P/E ratio of 7.41 and a beta of 0.68. Dundee Precious Metals has a 52 week low of $5.78 and a 52 week high of $8.50.

Dundee Precious Metals (OTCMKTS:DPMLF) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter. Dundee Precious Metals had a net margin of 33.95% and a return on equity of 15.57%. The firm had revenue of $123.80 million during the quarter.

Dundee Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 28th. Dundee Precious Metals’s payout ratio is 15.24%.

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.