DPM Metals (OTCMKTS:DPMLF) Hits New 52-Week High – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.78 and last traded at $34.22, with a volume of 41669 shares changing hands. The stock had previously closed at $33.68.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPMLF. CIBC reissued a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. National Bankshares reissued an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

DPM Metals Price Performance

The company’s 50-day simple moving average is $29.03 and its 200-day simple moving average is $22.94.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The firm had revenue of $267.41 million for the quarter, compared to analysts’ expectations of $227.95 million. Equities analysts forecast that DPM Metals Inc. will post 1.52 EPS for the current 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.