DPM Metals (OTCMKTS:DPMLF) Sees Large Volume Increase – Should You Buy?
by Scott Moore · The Cerbat GemDPM Metals Inc. (OTCMKTS:DPMLF – Get Free Report) saw strong trading volume on Tuesday . 281,511 shares traded hands during mid-day trading, an increase of 205% from the previous session’s volume of 92,341 shares.The stock last traded at $31.29 and had previously closed at $30.78.
Analyst Ratings Changes
A number of equities analysts have recently commented on DPMLF shares. National Bankshares reissued 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 research report on Thursday, October 23rd. Stifel Canada upgraded DPM Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Royal Bank Of Canada raised DPM Metals to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, CIBC reiterated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Four investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Check Out Our Latest Analysis on DPM Metals
DPM Metals Stock Performance
The company has a market cap of $6.86 billion and a PE ratio of 17.77. The business’s 50-day moving average is $26.39 and its 200 day moving average is $21.56.
DPM Metals (OTCMKTS:DPMLF – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $227.95 million. Equities research analysts anticipate that DPM Metals Inc. will post 1.52 EPS for the current fiscal 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.