DPM Metals (OTCMKTS:DPMLF) Sets New 1-Year High – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.28 and last traded at $42.89, with a volume of 8510 shares traded. The stock had previously closed at $43.45.

Wall Street Analyst Weigh In

DPMLF has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, DPM Metals presently has a consensus rating of “Buy”.

DPM Metals Trading Down 1.2%

The business’s fifty day simple moving average is $35.67 and its 200 day simple moving average is $27.52. The stock has a market cap of $9.48 billion and a price-to-earnings ratio of 22.12.

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