DPM Metals (OTCMKTS:DPMLF) Stock Price Down 7.3% – Should You Sell?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) fell 7.3% on Thursday. The stock traded as low as $40.75 and last traded at $40.75. Approximately 48,248 shares were traded during trading, a decline of 30% from the average session volume of 68,625 shares. The stock had previously closed at $43.94.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DPMLF shares. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a report on Wednesday, September 9th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, DPM Metals currently has an average rating of “Moderate Buy”.

DPM Metals Price Performance

The stock has a 50 day moving average of $43.22 and a 200 day moving average of $37.39. The firm has a market cap of $8.84 billion, a P/E ratio of 13.26 and a beta of 0.69.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data 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. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The firm had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. On average, research analysts predict that DPM Metals Inc. will post 3.31 EPS for the current fiscal year.

About DPM Metals

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.