DPM Metals (OTCMKTS:DPMLF) Reaches New 12-Month High – Here’s Why

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. CIBC reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Macquarie upgraded DPM Metals to a “strong-buy” rating in a report on Wednesday, September 17th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

DPM Metals Stock Performance

The firm’s fifty day simple moving average is $27.54 and its 200 day simple moving average is $22.19. The stock has a market capitalization of $7.33 billion and a P/E ratio of 18.99.

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