DPM Metals Inc. (OTCMKTS:DPMLF) Receives Consensus Recommendation of “Buy” from Analysts

DPM Metals Inc. (OTCMKTS:DPMLF) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Finally, Zacks Research lowered DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st.

DPM Metals Stock Up 0.3%

Shares of DPM Metals stock opened at $33.40 on Thursday. DPM Metals has a 52 week low of $16.20 and a 52 week high of $46.28. The firm’s 50 day moving average is $33.14 and its two-hundred day moving average is $35.21. The firm has a market capitalization of $7.37 billion, a P/E ratio of 13.41 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The business had revenue of $310.40 million during the quarter, compared to the consensus estimate of $327.66 million. As a group, research analysts expect that DPM Metals will post 3.44 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.