DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Time to Buy?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped up prior to trading 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.

Wall Street Analysts Forecast Growth

DPMLF has been the topic of several analyst reports. National Bankshares reissued an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a report on Wednesday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DPM Metals has an average rating of “Buy”.

DPM Metals Trading Up 3.3%

The company has a 50 day moving average price of $32.54 and a 200-day moving average price of $25.15. The company has a market cap of $8.53 billion and a P/E ratio of 22.09.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The business had revenue of $267.41 million during the quarter, compared to analysts’ expectations of $227.95 million. Equities analysts expect that DPM Metals Inc. will post 1.52 earnings per share for the current 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.