Zacks Research Downgrades DPM Metals (OTCMKTS:DPMLF) to Hold

DPM Metals (OTCMKTS:DPMLF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on DPMLF. National Bank Financial reiterated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

DPM Metals Stock Up 5.9%

Shares of DPMLF opened at $37.29 on Tuesday. DPM Metals has a 52-week low of $11.99 and a 52-week high of $46.28. The stock has a market cap of $8.27 billion, a PE ratio of 19.32 and a beta of 0.80. The firm’s fifty day moving average is $37.28 and its two-hundred day moving average is $30.20.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). The company had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. As a group, research analysts anticipate that DPM Metals will post 1.52 earnings per share 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.