DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $30.4640, but opened at $31.3950. DPM Metals shares last traded at $31.81, with a volume of 858 shares traded.

Analyst Upgrades and Downgrades

DPMLF has been the subject of several analyst reports. Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. National Bank Financial reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Three 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 stock. According to MarketBeat, the company currently has an average rating of “Buy”.

DPM Metals Trading Down 0.5%

The firm has a 50-day moving average of $37.37 and a 200 day moving average of $29.64. The company has a market cap of $7.05 billion and a P/E ratio of 16.46.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% 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 analysts predict 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.