DPM Metals (OTCMKTS:DPMLF) Sets New 52-Week High – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $31.88 and last traded at $29.4720, with a volume of 7925 shares traded. The stock had previously closed at $30.25.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DPMLF. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. CIBC reissued a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, Stifel Canada upgraded DPM Metals to a “strong-buy” rating in a research note on Thursday, September 4th. Four 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 data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Stock Up 2.4%

The stock’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $20.52. The company has a market capitalization of $6.79 billion and a PE ratio of 17.59.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. The business had revenue of $267.41 million for the quarter, compared to analysts’ expectations of $227.95 million. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%. Analysts expect that DPM Metals Inc. will post 1.52 EPS for the current year.

DPM Metals Announces Dividend

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