DPM Metals (OTCMKTS:DPMLF) Hits New 1-Year High – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF) shares hit a new 52-week high on Monday . The stock traded as high as $41.00 and last traded at $41.00, with a volume of 25443 shares. The stock had previously closed at $39.22.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DPMLF shares. National Bank Financial reissued an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Finally, Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, DPM Metals currently has an average rating of “Buy”.

DPM Metals Stock Up 4.4%

The firm’s 50 day moving average price is $34.48 and its two-hundred day moving average price is $26.65. The firm has a market capitalization of $9.09 billion and a PE ratio of 21.22.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The firm had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a return on equity of 26.95% and a net margin of 38.85%. On average, sell-side analysts anticipate that DPM Metals Inc. will post 1.52 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.