DPM Metals (OTCMKTS:DPMLF) Reaches New 12-Month High - Should You Buy?

Key Points

• DPM Metals Inc. has reached a new 52-week high, trading at $24.68, marking a significant increase from its previous close of $24.10.
• Multiple analysts have upgraded DPM Metals' stock rating, with three analysts giving it a Strong Buy rating and a consensus rating of Buy.
• The company reported earnings of $0.52 per share in its latest quarter, meeting expectations, along with a consistent dividend payout of $0.04, representing a yield of 72.0%.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $24.68 and last traded at $24.68, with a volume of 6166 shares traded. The stock had previously closed at $24.10.

Wall Street Analyst Weigh In

DPMLF has been the subject of several recent analyst reports. Scotiabank restated an "outperform" rating on shares of DPM Metals in a research report on Thursday, September 4th. National Bankshares reiterated an "outperform" rating on shares of DPM Metals in a research report on Wednesday, July 16th. Stifel Canada raised DPM Metals to a "strong-buy" rating in a report on Thursday, September 4th. Royal Bank Of Canada raised shares of DPM Metals to a "moderate buy" rating in a report on Wednesday, September 10th. Finally, Macquarie upgraded shares of DPM Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, DPM Metals has a consensus rating of "Buy".

DPM Metals Price Performance

The business has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $16.75. The firm has a market cap of $4.14 billion, a PE ratio of 17.72 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.36 million. DPM Metals had a return on equity of 21.68% and a net margin of 37.07%. As a group, sell-side analysts forecast that DPM Metals Inc. will post 1.52 EPS for the current fiscal year.

DPM Metals Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a dividend yield of 72.0%. DPM Metals's dividend payout ratio is 11.43%.

DPM Metals Company Profile

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.

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