DPM Metals (OTCMKTS:DPMLF) Reaches New 12-Month High – Here’s Why

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $46.28 and last traded at $42.89, with a volume of 8510 shares. The stock had previously closed at $43.45.

Wall Street Analysts Forecast Growth

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

DPM Metals Trading Down 1.2%

The stock has a market cap of $9.48 billion and a P/E ratio of 22.12. The stock’s fifty day moving average price is $35.67 and its 200 day moving average price is $27.52.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.The company had revenue of $352.43 million for the quarter, compared to the consensus estimate of $308.77 million. On average, analysts anticipate that DPM Metals Inc. will post 1.52 earnings per share for the current year.

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.