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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) 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 traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DPMLF shares. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Thursday, June 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a report on Monday. Finally, Zacks Research lowered DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

DPM Metals Stock Down 0.5%

The stock has a market cap of $7.79 billion, a P/E ratio of 14.18 and a beta of 0.66. The firm’s 50 day simple moving average is $33.18 and its two-hundred day simple moving average is $35.11.

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