DPM Metals (OTCMKTS:DPMLF) Reaches New 12-Month High - What's Next?

Key Points

• DPM Metals Inc. has reached a new 52-week high, trading at $24.10, with a market cap of $4.03 billion.
• The company announced a dividend of $0.04 per share, payable on October 15th, with a yield of 72.0% and a payout ratio of 11.43%.
• Analysts have a consensus rating of Buy for DPM Metals, with three analysts rating it as a Strong Buy and one as a Hold.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $24.10 and last traded at $24.10, with a volume of 27398 shares. The stock had previously closed at $23.27.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stifel Canada raised shares of DPM Metals to a "strong-buy" rating in a report on Thursday, September 4th. CIBC reiterated a "neutral" rating on shares of DPM Metals in a research report on Wednesday, October 1st. Macquarie upgraded shares of DPM Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. National Bankshares restated an "outperform" rating on shares of DPM Metals in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada raised shares of DPM Metals to a "moderate buy" rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy".

DPM Metals Stock Up 3.7%

The firm has a market cap of $4.03 billion, a PE ratio of 17.23 and a beta of 0.66. The stock has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $16.43.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. DPM Metals had a return on equity of 21.79% and a net margin of 37.07%.The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.36 million. As a group, equities analysts anticipate that DPM Metals Inc. will post 1.52 earnings per share for the current year.

DPM Metals Dividend Announcement

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

About DPM Metals

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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