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

DPM Metals Inc. (OTCMKTS:DPMLF) has received an average recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company.

A number of brokerages have recently weighed in on DPMLF. Zacks Research lowered DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research report on Monday, July 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Tuesday.

DPM Metals Price Performance

DPMLF opened at $33.73 on Thursday. The company’s 50 day moving average price is $33.22 and its two-hundred day moving average price is $35.17. DPM Metals has a fifty-two week low of $15.50 and a fifty-two week high of $46.28. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 13.55 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share (EPS) 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 firm had revenue of $310.40 million during the quarter, compared to analyst estimates of $327.66 million. As a group, equities research analysts predict that DPM Metals will post 3.53 EPS 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.