DPM Metals (OTCMKTS:DPMLF) Releases Quarterly Earnings Results, Beats Estimates By $998.24 EPS

Key Points

• DPM Metals reported $999.00 EPS for the quarter, beating the consensus estimate of $0.76 by $998.24, and delivered a return on equity of 23.61% with a net margin of 38.85%.
• Despite the upside surprise, the stock traded down $0.36 to $32.12 on volume of 16,270 (vs. average 65,168); the company has a market cap of about $7.11 billion and a PE ratio of 16.64.
• Analysts maintain a consensus "Buy" (2 Strong Buy, 3 Buy, 2 Hold), though recent notes include a Zacks downgrade to "Hold" and a "Neutral" reissue from CIBC.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) released its earnings results on Tuesday. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $0.76 by $998.24, Zacks reports. DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.

DPM Metals Stock Performance

DPM Metals stock traded down $0.36 during mid-day trading on Tuesday, hitting $32.12. The company's stock had a trading volume of 16,270 shares, compared to its average volume of 65,168. The company has a 50 day moving average of $37.20 and a 200-day moving average of $32.42. The stock has a market cap of $7.11 billion, a PE ratio of 16.64 and a beta of 0.65. DPM Metals has a one year low of $13.20 and a one year high of $46.28.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DPMLF shares. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of DPM Metals in a research report on Wednesday, February 4th. Zacks Research downgraded DPM Metals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Finally, Scotiabank reissued an "outperform" rating on shares of DPM Metals in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

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.

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