DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Should You Buy?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped up before the market opened on Wednesday . The stock had previously closed at $27.4230, but opened at $28.46. DPM Metals shares last traded at $28.2766, with a volume of 1,251 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Wednesday, October 1st. Macquarie upgraded DPM Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada raised DPM Metals to a “moderate buy” rating in a research report on Wednesday, September 10th. Finally, Stifel Canada upgraded DPM Metals to a “strong-buy” rating in a research note on Thursday, September 4th. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Trading Up 1.6%

The firm’s fifty day moving average price is $23.42 and its 200-day moving average price is $19.39. The company has a market cap of $4.71 billion and a P/E ratio of 16.23.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.15. DPM Metals had a net margin of 39.03% and a return on equity of 28.09%. The business had revenue of $267.41 million during the quarter, compared to analysts’ expectations of $227.95 million. As a group, research analysts forecast that DPM Metals Inc. will post 1.52 earnings per share for the current fiscal year.

DPM Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.04 dividend. The ex-dividend date was Monday, September 29th. This represents a dividend yield of 72.0%. DPM Metals’s dividend payout ratio (DPR) is currently 9.20%.

About DPM Metals

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.