DPM Metals (OTCMKTS:DPMLF) Stock Price Up 9.1% – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price rose 9.1% on Tuesday . The company traded as high as $34.75 and last traded at $34.5980. Approximately 1,113 shares were traded during trading, a decline of 98% from the average daily volume of 57,468 shares. The stock had previously closed at $31.70.

Analyst Ratings Changes

DPMLF has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Thursday, June 4th. Zacks Research downgraded shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DPM Metals currently has an average rating of “Buy”.

DPM Metals Trading Up 1.9%

The company’s 50-day simple moving average is $34.74 and its 200-day simple moving average is $34.54. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 13.98 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The company had revenue of $310.40 million during the quarter, compared to analysts’ expectations of $327.66 million. On average, equities research analysts expect that DPM Metals Inc. will post 3.53 earnings per share for the current fiscal 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.