DPM Metals (OTCMKTS:DPMLF) Announces Earnings Results

DPM Metals (OTCMKTS:DPMLF) released its earnings results on Thursday. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.09), Zacks reports. The business had revenue of $292.83 million during the quarter, compared to analysts’ expectations of $321.94 million. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%.

DPM Metals Trading Down 2.9%

DPM Metals stock traded down $1.04 during midday trading on Friday, reaching $34.40. 6,075 shares of the stock traded hands, compared to its average volume of 73,963. The firm has a market cap of $7.51 billion, a PE ratio of 11.32 and a beta of 0.73. The company has a 50-day simple moving average of $40.66 and a two-hundred day simple moving average of $37.90. DPM Metals has a 12-month low of $22.55 and a 12-month high of $52.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DPMLF shares. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

DPM Metals Company Profile

DPM Metals Inc. is a Canadian mining company focused on the exploration, development and operation of precious- and base-metal assets. Its products have included gold and copper, as well as silver and other metals recovered during processing. Historically known as Dundee Precious Metals, the company has had a significant presence in Bulgaria, where its portfolio included the Chelopech copper-gold mine and the Ada Tepe gold mine. It has also pursued mining and exploration opportunities in southeastern Europe.