DPM Metals (OTCMKTS:DPMLF) Hits New 52-Week High – Here’s Why

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.00 and last traded at $31.8710, with a volume of 380369 shares traded. The stock had previously closed at $31.07.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPMLF. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Stifel Canada raised shares of DPM Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Macquarie raised DPM Metals to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, CIBC reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Four investment 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 company’s stock. According to data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Trading Down 0.3%

The company’s fifty day simple moving average is $25.33 and its 200 day simple moving average is $20.80. The stock has a market capitalization of $7.05 billion and a P/E ratio of 18.26.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The company had revenue of $267.41 million during the quarter, compared to analyst estimates of $227.95 million. Equities research analysts predict that DPM Metals Inc. will post 1.52 earnings per share 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.