DPM Metals (OTCMKTS:DPMLF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $37.76 and traded as low as $35.87. DPM Metals shares last traded at $37.31, with a volume of 238,785 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DPMLF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a report on Wednesday, September 9th. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

DPM Metals Stock Performance

The firm has a market cap of $8.18 billion, a P/E ratio of 12.27 and a beta of 0.70. The stock’s 50-day moving average is $43.12 and its 200 day moving average is $37.76.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $361.54 million for the quarter, compared to the consensus estimate of $372.74 million. On average, research analysts anticipate that DPM Metals Inc. will post 3.27 EPS for the current year.

About DPM Metals

DPM Metals, traded on the OTC market under the symbol DPMLF, is a precious-metals mining company focused primarily on the exploration, development and operation of gold-producing assets. The company is associated with Dundee Precious Metals and has historically produced gold and copper, with its activities centered on mining, mineral processing and related infrastructure.

DPM’s principal operating assets have included the Chelopech underground mine and processing facility and the Ada Tepe open-pit mine in Bulgaria.