DPM Metals Inc. (OTCMKTS:DPMLF) Given Consensus Recommendation of “Buy” by Analysts

DPM Metals Inc. (OTCMKTS:DPMLF) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company.

Several research firms recently weighed in on DPMLF. Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Thursday, September 4th. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Wednesday, October 1st. Macquarie upgraded shares of DPM Metals to a “strong-buy” rating in a report on Wednesday, September 17th. National Bankshares restated an “outperform” rating on shares of DPM Metals in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada upgraded shares of DPM Metals to a “moderate buy” rating in a report on Wednesday, September 10th.

DPM Metals Stock Performance

DPM Metals stock opened at $24.10 on Tuesday. DPM Metals has a fifty-two week low of $8.65 and a fifty-two week high of $24.62. The firm’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $16.75.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. DPM Metals had a net margin of 37.07% and a return on equity of 21.68%. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.36 million. As a group, equities analysts expect that DPM Metals will post 1.52 earnings per share for the current fiscal year.

DPM Metals Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.04 dividend. This represents a yield of 72.0%. The ex-dividend date is Monday, September 29th. DPM Metals’s payout ratio is presently 11.43%.

About DPM Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.