Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Drops By 15.6%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 310,400 shares, a decrease of 15.6% from the August 15th total of 367,700 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 8.2 days.

Dundee Precious Metals Price Performance

DPMLF stock traded up $0.21 during mid-day trading on Monday, reaching $6.34. 2,307 shares of the company’s stock were exchanged, compared to its average volume of 23,751. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.09 and a beta of 0.66. The stock’s 50 day moving average is $6.60 and its 200 day moving average is $6.94. Dundee Precious Metals has a 12-month low of $3.95 and a 12-month high of $8.08.

Dundee Precious Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $167.52 million for the quarter. Dundee Precious Metals had a return on equity of 16.47% and a net margin of 13.87%.

Dundee Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 2.52%. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 35.56%.

About Dundee Precious Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties; and exploration, development, mining, and processing of precious metals. It owns and operates a gold, copper, and silver mine located east of Sofia, Bulgaria; a gold mine located in south eastern Bulgaria, near the town of Krumovgrad; and a custom smelter located in Tsumeb, Namibia.