Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Dorchester Minerals LP (NASDAQ: DMLP) weakened during the last several trading days. DMLP's current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/8/24, Dorchester Minerals LP (NASDAQ: DMLP) stock rose modestly by 0.6%, closing at $31.56. However, trading volume in this advance was below average at 68% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
DMLP's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Dorchester Minerals has a current Value Trend Rating of C (High Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing consistent signals. Dorchester Minerals has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 66, leading to the High Neutral Value Trend Rating.