DPM Metals (OTCMKTS:DPMLF) Sets New 12-Month High – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $47.50 and last traded at $47.50, with a volume of 706 shares. The stock had previously closed at $44.78.

Analyst Ratings Changes

A number of research firms have weighed in on DPMLF. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

DPM Metals Trading Up 5.2%

The firm has a 50-day moving average of $35.96 and a 200 day moving average of $36.06. The company has a market cap of $10.33 billion, a P/E ratio of 15.50 and a beta of 0.65.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a return on equity of 26.43% and a net margin of 50.26%.The business had revenue of $361.54 million during the quarter, compared to the consensus estimate of $372.74 million. On average, equities analysts predict that DPM Metals Inc. will post 3.31 EPS for the current year.

DPM Metals Company Profile

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.