DPM Metals (OTCMKTS:DPMLF) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of DPM Metals (OTCMKTS:DPMLFFree Report) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other research firms have also commented on DPMLF. National Bank Financial reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

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DPM Metals Stock Performance

DPMLF stock opened at $37.29 on Tuesday. DPM Metals has a 1 year low of $11.99 and a 1 year high of $46.28. The stock’s 50 day moving average price is $37.28 and its 200 day moving average price is $30.20. The firm has a market cap of $8.27 billion, a P/E ratio of 19.32 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLFGet Free Report) last announced its earnings results 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 net margin of 38.85% and a return on equity of 23.61%. The company had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. On average, research analysts predict that DPM Metals will post 1.52 earnings per share for the current year.

About DPM Metals

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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.

Further Reading

Analyst Recommendations for DPM Metals (OTCMKTS:DPMLF)

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