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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped up before the market opened on Monday . The stock had previously closed at $34.88, but opened at $37.7148. DPM Metals shares last traded at $37.8750, with a volume of 4,857 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DPMLF shares. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three research 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. Based on data from MarketBeat.com, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Price Performance

The firm has a 50 day moving average of $32.99 and a two-hundred day moving average of $25.46.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data 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 net margin of 39.03% and a return on equity of 22.84%. The company had revenue of $352.43 million for the quarter, compared to analysts’ expectations of $308.77 million. As a group, analysts forecast 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.