DPM Metals (OTCMKTS:DPMLF) Cut to Hold at Macquarie Capit

Macquarie Capit downgraded shares of DPM Metals (OTCMKTS:DPMLF) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Finally, National Bank Financial reissued an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

DPM Metals Stock Up 7.4%

Shares of DPMLF opened at $38.19 on Thursday. DPM Metals has a 52-week low of $11.16 and a 52-week high of $40.90. The company has a 50-day simple moving average of $33.57 and a 200-day simple moving average of $25.84. The company has a market capitalization of $8.47 billion and a PE ratio of 19.79.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that DPM Metals will post 1.52 EPS for the current 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.