DPM Metals Inc. (OTCMKTS:DPMLF) Given Average Recommendation of “Buy” by Brokerages

DPM Metals Inc. (OTCMKTS:DPMLF) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company.

DPMLF has been the topic of a number of research reports. Zacks Research downgraded DPM Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a report on Monday, July 6th.

DPM Metals Price Performance

Shares of OTCMKTS:DPMLF opened at $33.30 on Thursday. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 13.37 and a beta of 0.66. DPM Metals has a 12 month low of $15.55 and a 12 month high of $46.28. The stock’s 50 day moving average price is $33.17 and its 200 day moving average price is $35.16.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $310.40 million during the quarter, compared to analyst estimates of $327.66 million. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%. On average, sell-side analysts expect that DPM Metals will post 3.44 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.