DPM Metals (OTCMKTS:DPMLF) Releases Quarterly Earnings Results

DPM Metals (OTCMKTS:DPMLF) announced its earnings results on Thursday. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.09), Zacks reports. The company had revenue of $292.83 million during the quarter, compared to analysts’ expectations of $321.94 million. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%.

DPM Metals Price Performance

DPM Metals stock traded down $1.04 during trading hours on Friday, hitting $34.40. The company had a trading volume of 6,075 shares, compared to its average volume of 73,963. The firm has a market cap of $7.51 billion, a PE ratio of 11.32 and a beta of 0.73. DPM Metals has a one year low of $22.55 and a one year high of $52.37. The firm has a 50-day moving average of $40.66 and a 200 day moving average of $37.90.

Analyst Ratings Changes

Several brokerages have commented on DPMLF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, September 9th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About DPM Metals

DPM Metals Inc. is a Canadian mining company focused on the exploration, development and operation of precious- and base-metal assets. Its products have included gold and copper, as well as silver and other metals recovered during processing. Historically known as Dundee Precious Metals, the company has had a significant presence in Bulgaria, where its portfolio included the Chelopech copper-gold mine and the Ada Tepe gold mine. It has also pursued mining and exploration opportunities in southeastern Europe.