DPM Metals (OTCMKTS:DPMLF) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

DPM Metals (OTCMKTS:DPMLF) issued its quarterly earnings data on Tuesday. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02), Zacks reports. The firm had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.

DPM Metals Price Performance

Shares of DPM Metals stock opened at $38.51 on Wednesday. The business has a 50-day simple moving average of $32.99 and a 200-day simple moving average of $25.46. DPM Metals has a one year low of $11.00 and a one year high of $40.90.

Analyst Upgrades and Downgrades

DPMLF has been the subject of a number of recent research reports. 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 restated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Finally, National Bankshares restated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

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.