DPM Metals (OTCMKTS:DPMLF) Sets New 12-Month High – Time to Buy?

by · The Cerbat Gem

Shares of DPM Metals Inc. (OTCMKTS:DPMLF – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $27.05 and last traded at $27.05, with a volume of 6948 shares changing hands. The stock had previously closed at $26.0666.

Analyst Ratings Changes

DPMLF has been the topic of several recent research reports. CIBC reiterated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, October 1st. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Macquarie raised shares of DPM Metals to a “strong-buy” rating in a research report on Wednesday, September 17th. Royal Bank Of Canada upgraded DPM Metals to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, Stifel Canada upgraded DPM Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on DPMLF

DPM Metals Price Performance

The stock’s 50-day simple moving average is $22.89 and its two-hundred day simple moving average is $18.89. The firm has a market capitalization of $4.56 billion, a P/E ratio of 19.51 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF – Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.15. DPM Metals had a net margin of 37.07% and a return on equity of 21.68%. The company had revenue of $267.41 million during the quarter, compared to the consensus estimate of $227.95 million. On average, analysts forecast that DPM Metals Inc. will post 1.52 earnings per share for the current fiscal year.

DPM Metals Dividend Announcement

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

DPM Metals Company Profile

(Get Free Report)

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.

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