DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Should You Buy?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped up before the market opened on Wednesday . The stock had previously closed at $32.41, but opened at $33.94. DPM Metals shares last traded at $34.51, with a volume of 1,379 shares.

Wall Street Analysts Forecast Growth

DPMLF has been the topic of a number of research analyst reports. Zacks Research lowered 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

DPM Metals Stock Up 1.7%

The stock has a 50-day moving average of $35.10 and a 200 day moving average of $34.20. The stock has a market cap of $7.73 billion, a PE ratio of 14.05 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Tuesday, May 5th. The company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $310.40 million for the quarter, compared to analyst estimates of $327.66 million. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%. On average, equities analysts anticipate that DPM Metals Inc. will post 3.53 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.