DPM Metals Inc. (OTCMKTS:DPMLF) Receives Average Rating of “Buy” from Analysts

DPM Metals Inc. (OTCMKTS:DPMLF) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have recently weighed in on DPMLF. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Zacks Research lowered DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st.

DPM Metals Stock Up 3.2%

Shares of DPM Metals stock opened at $32.69 on Friday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 13.13 and a beta of 0.63. The business has a 50-day moving average price of $33.71 and a 200-day moving average price of $34.81. DPM Metals has a twelve month low of $15.50 and a twelve month high of $46.28.

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