DPM Metals Inc. (OTCMKTS:DPMLF) Given Consensus Recommendation of “Buy” by Brokerages

DPM Metals Inc. (OTCMKTS:DPMLF) has received an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company.

A number of brokerages recently commented on DPMLF. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Thursday, September 4th. National Bankshares restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, July 16th. Macquarie upgraded shares of DPM Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada upgraded shares of DPM Metals to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, Stifel Canada upgraded shares of DPM Metals to a “strong-buy” rating in a research note on Thursday, September 4th.

DPM Metals Trading Up 2.6%

DPMLF opened at $24.10 on Tuesday. DPM Metals has a twelve month low of $8.65 and a twelve month high of $24.62. The company’s 50-day moving average price is $20.23 and its two-hundred day moving average price is $16.75.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.36 million. DPM Metals had a net margin of 37.07% and a return on equity of 21.68%. Sell-side analysts expect that DPM Metals will post 1.52 EPS for the current fiscal year.

DPM Metals Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.04 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend is Monday, September 29th. DPM Metals’s dividend payout ratio is 11.43%.

DPM 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.