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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.15 and last traded at $35.01, with a volume of 9087 shares. The stock had previously closed at $35.48.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DPMLF. National Bankshares restated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. CIBC reiterated a “neutral” rating on shares of DPM Metals in a research note on Friday, December 5th. Finally, Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The firm has a market cap of $7.80 billion and a P/E ratio of 20.19. The business’s 50-day simple moving average is $29.50 and its 200 day simple moving average is $23.30.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly 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. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The firm had revenue of $267.41 million for the quarter, compared to the consensus estimate of $227.95 million. As a group, equities research analysts expect that DPM Metals Inc. will post 1.52 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.