DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Should You Sell?

DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Tuesday . The stock had previously closed at $46.48, but opened at $43.88. DPM Metals shares last traded at $43.50, with a volume of 5,871 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DPMLF. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Jefferies Financial Group reiterated a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

DPM Metals Price Performance

The business’s fifty day moving average price is $38.85 and its 200-day moving average price is $36.81. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 14.14 and a beta of 0.65.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $361.54 million for the quarter, compared to analyst estimates of $372.74 million. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. Equities research analysts predict that DPM Metals Inc. will post 3.31 earnings per share 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.