DPM Metals (OTCMKTS:DPMLF) Stock Jumps 4.8% – Still a Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price shot up 4.8% during trading on Thursday. The company traded as high as $38.24 and last traded at $38.24. 463 shares changed hands during trading, a decline of 99% from the average session volume of 69,762 shares. The stock had previously closed at $36.48.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports 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 research note on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

DPM Metals Trading Up 8.8%

The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 13.69 and a beta of 0.70. The business’s 50 day moving average price is $43.64 and its two-hundred day moving average price is $37.63.

DPM Metals (OTCMKTS:DPMLF) last released 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. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The business had revenue of $361.54 million during the quarter, compared to analysts’ expectations of $372.74 million. Analysts expect that DPM Metals Inc. will post 3.31 EPS for the current year.

About DPM Metals

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.