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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) have been given an average rating of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating on the company.

A number of equities research analysts have recently weighed in on the stock. Macquarie raised shares of DPM Metals to a “strong-buy” rating in a report on Wednesday, September 17th. Stifel Canada raised shares of DPM Metals to a “strong-buy” rating in a research note on Thursday, September 4th. National Bankshares restated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada upgraded shares of DPM Metals to a “moderate buy” rating in a report on Wednesday, September 10th.

DPM Metals Price Performance

Shares of DPMLF opened at $31.37 on Friday. The company’s fifty day simple moving average is $26.22 and its 200-day simple moving average is $21.49. DPM Metals has a twelve month low of $9.02 and a twelve month high of $33.00.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The business had revenue of $267.41 million during the quarter, compared to analyst estimates of $227.95 million. On average, research analysts expect that DPM Metals will post 1.52 earnings per share for the current year.

DPM Metals Company Profile

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.