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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $30.4640, but opened at $31.3950. DPM Metals shares last traded at $31.81, with a volume of 858 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DPMLF shares. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Finally, National Bank Financial reissued an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The company has a market cap of $7.24 billion and a price-to-earnings ratio of 16.93. The firm’s 50-day moving average price is $37.29 and its 200 day moving average price is $29.74.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. The business had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. As a group, equities research analysts predict that DPM Metals Inc. will post 1.52 EPS for the current fiscal 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.