DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $34.76, but opened at $32.00. DPM Metals shares last traded at $32.86, with a volume of 17,658 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DPMLF shares. National Bank Financial reiterated an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three equities research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

DPM Metals Price Performance

The business’s fifty day moving average is $37.47 and its 200-day moving average is $29.29. The firm has a market cap of $7.34 billion and a PE ratio of 17.14.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.The company had revenue of $352.43 million during the quarter, compared to the consensus estimate of $308.77 million. Analysts forecast that DPM Metals Inc. will post 1.52 EPS 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.