DPM Metals (OTCMKTS:DPMLF) Sets New 12-Month High - Still a Buy?

Key Points

• DPM Metals Inc. shares reached a new 52-week high of $23.38 and last traded at $22.54, indicating strong investor interest.
• Royal Bank of Canada recently upgraded DPM Metals to a "moderate buy" rating, contributing to a consensus average rating of "Buy" among analysts.
• The company declared a $0.04 dividend, expected to yield 72.0%, with a payout ratio of 11.43%, benefiting shareholders set to receive it on October 15th.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.38 and last traded at $22.54, with a volume of 6064 shares trading hands. The stock had previously closed at $22.48.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DPMLF shares. CIBC reiterated a "neutral" rating on shares of DPM Metals in a research report on Wednesday. Royal Bank Of Canada upgraded shares of DPM Metals to a "moderate buy" rating in a report on Wednesday, September 10th. National Bankshares reaffirmed an "outperform" rating on shares of DPM Metals in a research note on Wednesday, July 16th. Stifel Canada raised shares of DPM Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of DPM Metals in a research note on Thursday, September 4th. Three equities research 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's stock. According to data from MarketBeat, the company has an average rating of "Buy".

DPM Metals Trading Down 1.7%

The stock's 50 day moving average price is $19.19 and its 200 day moving average price is $16.13. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.78 and a beta of 0.66.

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

DPM Metals Dividend Announcement

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