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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $32.61, but opened at $36.29. DPM Metals shares last traded at $35.0890, with a volume of 800 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DPMLF shares. Zacks Research cut DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Jefferies Financial Group reiterated a “buy” rating on shares of DPM Metals in a research note on Monday. Finally, Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Stock Performance

The firm has a fifty day simple moving average of $33.18 and a 200-day simple moving average of $35.11. The company has a market capitalization of $7.79 billion, a PE ratio of 14.18 and a beta of 0.66.

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