DPM Metals (OTCMKTS:DPMLF) Sets New 52-Week High – Here’s Why

DPM Metals Inc. (OTCMKTS:DPMLF) reached a new 52-week high during trading on Wednesday . The company traded as high as $47.50 and last traded at $47.50, with a volume of 706 shares trading hands. The stock had previously closed at $44.78.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DPMLF shares. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Tuesday, July 14th. Two 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 MarketBeat, DPM Metals presently has a consensus rating of “Buy”.

DPM Metals Stock Up 5.2%

The company has a market cap of $10.33 billion, a P/E ratio of 15.50 and a beta of 0.65. The company’s 50-day moving average is $35.96 and its two-hundred day moving average is $36.06.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $361.54 million during the quarter, compared to the consensus estimate of $372.74 million. DPM Metals had a net margin of 50.26% and a return on equity of 26.43%. On average, analysts anticipate that DPM Metals Inc. will post 3.31 EPS for the current fiscal year.

About DPM Metals

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.