DPM Metals (OTCMKTS:DPMLF) Downgraded to “Hold” Rating by Zacks Research

DPM Metals (OTCMKTS:DPMLF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. National Bank Financial reissued an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Trading Up 5.9%

Shares of OTCMKTS DPMLF opened at $37.29 on Tuesday. DPM Metals has a twelve month low of $11.99 and a twelve month high of $46.28. The stock has a fifty day simple moving average of $37.28 and a 200-day simple moving average of $30.20. The stock has a market capitalization of $8.27 billion, a PE ratio of 19.32 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.The firm had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. On average, equities analysts predict that DPM Metals will post 1.52 earnings per share for the current year.

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.