DPM Metals Inc. (OTCMKTS:DPMLF – Get Free Report) shares rose 6.7% during trading on Friday following a better than expected earnings announcement. The company traded as high as $39.77 and last traded at $39.77. 1,111 shares were traded during trading, a decline of 98% from the average session volume of 65,348 shares. The stock had previously closed at $37.26.
The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The company had revenue of $361.54 million for the quarter, compared to analysts’ expectations of $372.74 million.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on DPMLF shares. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.
DPM Metals Stock Performance
The business’s fifty day simple moving average is $33.60 and its 200-day simple moving average is $35.46. The firm has a market capitalization of $7.94 billion, a PE ratio of 14.46 and a beta of 0.66.
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.
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