DPM Metals (OTCMKTS:DPMLF) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

DPM Metals (OTCMKTS:DPMLF) issued its quarterly earnings data on Tuesday. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02), Zacks reports. The business had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a net margin of 39.03% and a return on equity of 22.84%.

DPM Metals Stock Down 1.1%

DPMLF stock opened at $38.51 on Wednesday. The firm’s 50-day simple moving average is $32.99 and its 200 day simple moving average is $25.46. DPM Metals has a fifty-two week low of $11.00 and a fifty-two week high of $40.90.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DPMLF shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About DPM Metals

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.