DPM Metals (OTCMKTS:DPMLF) Shares Up 9.1% – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF) rose 9.1% on Tuesday . The stock traded as high as $34.75 and last traded at $34.5980. Approximately 1,113 shares were traded during trading, a decline of 98% from the average daily volume of 57,468 shares. The stock had previously closed at $31.70.

Analyst Upgrades and Downgrades

DPMLF has been the subject of several analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Zacks Research cut DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The company has a 50-day moving average price of $34.64 and a 200-day moving average price of $34.65. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 13.59 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $310.40 million during the quarter, compared to analysts’ expectations of $327.66 million. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%. On average, research analysts expect that DPM Metals Inc. will post 3.53 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.