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

DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Monday . The stock had previously closed at $34.9740, but opened at $31.19. DPM Metals shares last traded at $32.37, with a volume of 488 shares.

Analyst Ratings Changes

A number of research firms have commented on DPMLF. Zacks Research cut shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

DPM Metals Trading Up 1.0%

The business’s 50 day simple moving average is $35.08 and its 200 day simple moving average is $34.25. The firm has a market capitalization of $7.13 billion, a PE ratio of 12.96 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The firm had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. Analysts forecast that DPM Metals Inc. will post 3.53 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.