DPM Metals (OTCMKTS:DPMLF) Reaches New 52-Week High – Here’s Why

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) reached a new 52-week high on Tuesday . The company traded as high as $52.37 and last traded at $50.35, with a volume of 25019 shares trading hands. The stock had previously closed at $50.93.

Wall Street Analyst Weigh In

DPMLF has been the topic of several analyst reports. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, DPM Metals has an average rating of “Buy”.

DPM Metals Stock Down 4.2%

The stock has a market cap of $10.58 billion, a PE ratio of 15.88 and a beta of 0.65. The stock’s fifty day moving average price is $37.99 and its 200 day moving average price is $36.63.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. On average, equities research analysts expect that DPM Metals Inc. will post 3.31 earnings per share for the current fiscal 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.