DPM Metals (OTCMKTS:DPMLF) Hits New 12-Month High – Still a Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $29.7495 and last traded at $29.72, with a volume of 17188 shares changing hands. The stock had previously closed at $28.8240.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Macquarie upgraded shares of DPM Metals to a “strong-buy” rating in a report on Wednesday, September 17th. Stifel Canada raised DPM Metals to a “strong-buy” rating in a report on Thursday, September 4th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Four analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

DPM Metals Trading Down 0.9%

The company has a market capitalization of $6.53 billion and a PE ratio of 16.90. The stock’s fifty day moving average is $24.50 and its two-hundred day moving average is $20.11.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.58 by $0.15. DPM Metals had a net margin of 39.03% and a return on equity of 22.84%. The business had revenue of $267.41 million for the quarter, compared to analyst estimates of $227.95 million. As a group, analysts anticipate that DPM Metals Inc. will post 1.52 EPS for the current fiscal year.

DPM Metals Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.04 dividend. This represents a yield of 72.0%. The ex-dividend date of this dividend was Monday, September 29th. DPM Metals’s dividend payout ratio (DPR) is currently 9.20%.

DPM Metals Company Profile

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.