DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Here’s Why

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.79, but opened at $35.26. DPM Metals shares last traded at $37.56, with a volume of 10,209 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. National Bank Financial reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The stock’s fifty day moving average price is $33.92 and its two-hundred day moving average price is $26.20. The company has a market cap of $8.35 billion and a P/E ratio of 19.49.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a return on equity of 26.95% and a net margin of 38.85%.The business had revenue of $352.43 million for the quarter, compared to the consensus estimate of $308.77 million. On average, equities research analysts forecast that DPM Metals Inc. will post 1.52 EPS 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.