DPM Metals (OTCMKTS:DPMLF) Stock Price Up 9.1% – Should You Buy?

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

Wall Street Analyst Weigh In

DPMLF has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

DPM Metals Stock Up 1.9%

The business’s 50-day moving average is $34.74 and its two-hundred day moving average is $34.54. The company has a market capitalization of $7.69 billion, a P/E ratio of 13.98 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The company had revenue of $310.40 million for the quarter, compared to analyst estimates of $327.66 million. Analysts predict that DPM Metals Inc. will post 3.53 EPS 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.