DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Time to Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.04, but opened at $36.87. DPM Metals shares last traded at $35.7550, with a volume of 4,447 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DPMLF. CIBC reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, National Bankshares reissued an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Four 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. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

DPM Metals Stock Up 3.2%

The company has a 50-day moving average price of $29.73 and a 200-day moving average price of $23.38. The firm has a market capitalization of $8.02 billion and a price-to-earnings ratio of 20.78.

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

DPM Metals Company Profile

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.