DPM Metals (OTCMKTS:DPMLF) Shares Up 6.7% Following Strong Earnings

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price was up 6.7% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $39.77 and last traded at $39.77. 1,111 shares changed hands during trading, a decline of 98% from the average session volume of 65,348 shares. The stock had previously closed at $37.26.

The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The company 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 44.92% and a return on equity of 24.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DPMLF shares. Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DPM Metals presently has an average rating of “Buy”.

DPM Metals Stock Down 3.4%

The firm has a market capitalization of $7.94 billion, a PE ratio of 14.46 and a beta of 0.66. The stock’s fifty day simple moving average is $33.60 and its 200 day simple moving average is $35.46.

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.