DPM Metals (OTCMKTS:DPMLF) Shares Climb 4.8% – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price rose 4.8% on Thursday. The stock traded as high as $38.24 and last traded at $38.24. 463 shares traded hands during trading, a decline of 99% from the average session volume of 69,762 shares. The stock had previously closed at $36.48.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, September 9th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, DPM Metals has a consensus rating of “Moderate Buy”.

DPM Metals Price Performance

The firm has a market cap of $8.35 billion, a P/E ratio of 12.53 and a beta of 0.70. The firm’s 50-day moving average price is $43.49 and its 200 day moving average price is $37.55.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%.The firm had revenue of $361.54 million for the quarter, compared to analysts’ expectations of $372.74 million. Analysts forecast that DPM Metals Inc. will post 3.31 earnings per share for the current year.

About DPM Metals

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.