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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company.

Several research analysts have commented on DPMLF shares. National Bank Financial restated an “outperform” rating on shares of DPM Metals in a research report 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. Macquarie Capit cut DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Finally, Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th.

DPM Metals Stock Up 7.4%

DPMLF opened at $38.19 on Monday. The company has a market capitalization of $8.47 billion and a price-to-earnings ratio of 19.79. The firm has a 50-day moving average price of $33.57 and a 200-day moving average price of $25.91. DPM Metals has a twelve month low of $11.16 and a twelve month high of $40.90.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). The company had revenue of $352.43 million during the quarter, compared to analysts’ expectations of $308.77 million. DPM Metals had a net margin of 38.85% and a return on equity of 26.95%. On average, sell-side analysts expect that DPM Metals will post 1.52 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.