DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Still a Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $30.77, but opened at $32.43. DPM Metals shares last traded at $32.43, with a volume of 186 shares traded.

Analyst Upgrades and Downgrades

DPMLF has been the subject of a number of research analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. CIBC reaffirmed a “neutral” rating on shares of DPM Metals in a research note on Friday, December 5th. Royal Bank Of Canada raised shares of DPM Metals to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

DPM Metals Stock Up 0.8%

The company has a 50 day moving average of $27.32 and a 200 day moving average of $22.12. The firm has a market cap of $7.18 billion and a price-to-earnings ratio of 18.61.

DPM Metals (OTCMKTS:DPMLF) last announced its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. The company had revenue of $267.41 million for the quarter, compared to analyst estimates of $227.95 million. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%. As a group, equities research analysts expect that DPM Metals Inc. will post 1.52 earnings per share for the current fiscal year.

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.