DPM Metals (OTCMKTS:DPMLF) Cut to Hold at Zacks Research

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

Other research analysts have also recently issued research reports about the stock. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Finally, National Bank Financial reiterated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, DPM Metals has an average rating of “Buy”.

DPM Metals Stock Down 0.8%

DPMLF stock opened at $36.99 on Tuesday. DPM Metals has a 52-week low of $11.99 and a 52-week high of $46.28. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 19.17 and a beta of 0.80. The business has a fifty day moving average of $37.30 and a two-hundred day moving average of $30.25.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). The business had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. As a group, sell-side analysts anticipate that DPM Metals will post 1.52 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.