DPM Metals (OTCMKTS:DPMLF) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

DPM Metals (OTCMKTS:DPMLF) posted its earnings results on Thursday. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12, Zacks reports. DPM Metals had a net margin of 50.26% and a return on equity of 26.43%. The company had revenue of $361.54 million during the quarter, compared to the consensus estimate of $372.74 million.

DPM Metals Stock Performance

OTCMKTS DPMLF traded down $2.01 during mid-day trading on Friday, reaching $35.25. 107,504 shares of the stock were exchanged, compared to its average volume of 74,203. The company has a market capitalization of $7.78 billion, a P/E ratio of 11.60 and a beta of 0.66. The business’s 50 day moving average is $33.64 and its 200-day moving average is $35.45. DPM Metals has a 1 year low of $16.20 and a 1 year high of $46.28.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DPMLF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a research report on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, DPM Metals currently 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.