DPM Metals (OTCMKTS:DPMLF) Posts Quarterly Earnings Results, Meets Expectations

DPM Metals (OTCMKTS:DPMLF) announced its earnings results on Tuesday. The company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76, Zacks reports. The business had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. DPM Metals had a return on equity of 26.58% and a net margin of 44.92%.

DPM Metals Stock Up 1.9%

Shares of DPMLF stock traded up $0.64 during trading on Thursday, reaching $34.99. The company’s stock had a trading volume of 2,591 shares, compared to its average volume of 64,015. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 14.05 and a beta of 0.65. DPM Metals has a one year low of $13.21 and a one year high of $46.28. The business has a fifty day moving average price of $36.93 and a 200-day moving average price of $32.54.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, DPM Metals has a consensus rating of “Buy”.

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.