DPM Metals (OTCMKTS:DPMLF) Lowered to Hold Rating by Macquarie Capit

DPM Metals (OTCMKTS:DPMLF) was downgraded by equities research analysts at Macquarie Capit from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

DPMLF has been the subject of several other research reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. National Bank Financial restated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Stock Performance

DPMLF stock opened at $35.55 on Thursday. The stock’s 50 day moving average price is $33.39 and its 200 day moving average price is $25.63. The firm has a market cap of $7.89 billion and a P/E ratio of 18.42. DPM Metals has a 1 year low of $11.00 and a 1 year high of $40.90.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a return on equity of 26.95% and a net margin of 38.85%.The company had revenue of $352.43 million for the quarter, compared to analysts’ expectations of $308.77 million. On average, research analysts predict that DPM Metals 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.