DPM Metals (OTCMKTS:DPMLF) Stock Price Up 4.8% – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price traded up 4.8% during mid-day trading on Thursday. The company traded as high as $38.24 and last traded at $38.24. 463 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 69,762 shares. The stock had previously closed at $36.48.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DPMLF. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

DPM Metals Trading Up 4.4%

The company has a market capitalization of $8.35 billion, a P/E ratio of 12.53 and a beta of 0.70. The business’s 50-day simple moving average is $43.49 and its 200 day simple moving average is $37.55.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The company had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. As a group, sell-side analysts predict that DPM Metals Inc. will post 3.31 EPS for the current fiscal year.

About DPM Metals

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.