DPM Metals (OTCMKTS:DPMLF) Reaches New 12-Month High – Still a Buy?

DPM Metals Inc. (OTCMKTS:DPMLF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.78 and last traded at $34.22, with a volume of 41669 shares trading hands. The stock had previously closed at $33.68.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Finally, Macquarie raised DPM Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. Four 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 currently has a consensus rating of “Buy”.

DPM Metals Price Performance

The firm has a market cap of $7.45 billion and a P/E ratio of 19.30. The business’s 50-day moving average is $28.54 and its two-hundred day moving average is $22.75.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The business had revenue of $267.41 million for the quarter, compared to analyst estimates of $227.95 million. Equities research analysts predict that DPM Metals Inc. will post 1.52 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.