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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $40.00 and last traded at $37.43, with a volume of 2908 shares. The stock had previously closed at $36.65.

Analyst Ratings Changes

DPMLF has been the topic of a number of recent research reports. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. CIBC reiterated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, DPM Metals has a consensus rating of “Buy”.

DPM Metals Stock Up 0.0%

The stock has a market capitalization of $8.89 billion and a price-to-earnings ratio of 23.02. The stock’s 50-day simple moving average is $31.12 and its 200 day simple moving average is $24.14.

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