DPM Metals (OTCMKTS:DPMLF) Sets New 1-Year High – Time to Buy?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) hit a new 52-week high on Friday . The company traded as high as $33.02 and last traded at $33.02, with a volume of 8959 shares trading hands. The stock had previously closed at $32.40.

Analyst Ratings Changes

DPMLF has been the topic of several research analyst reports. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Macquarie raised shares of DPM Metals to a “strong-buy” rating in a research report on Wednesday, September 17th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Finally, Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

DPM Metals Stock Performance

The firm has a market cap of $7.33 billion and a PE ratio of 18.99. The stock has a fifty day moving average price of $27.54 and a 200-day moving average price of $22.19.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. The firm had revenue of $267.41 million during the quarter, compared to analyst estimates of $227.95 million. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%. As a group, equities analysts predict that DPM Metals Inc. will post 1.52 earnings per share for the current fiscal year.

About DPM Metals

Dundee Precious Metals Inc (OTCMKTS:DPMLF) is a Canada‐based precious metals producer with a focus on gold and copper mining. The company’s primary operations are located in southeastern Europe, where it owns and operates the Chelopech mine, a high‐grade gold‐copper‐silver underground mine in Bulgaria. In addition to gold‐copper production at Chelopech, Dundee Precious Metals is advancing the Krumovgrad gold project, also in Bulgaria, which is expected to further diversify its output and extend the company’s production profile.

At Chelopech, Dundee Precious Metals employs a conventional flotation process to recover gold, copper and silver from sulphide ores.