DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $34.4050, but opened at $32.6326. DPM Metals shares last traded at $32.36, with a volume of 2,721 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

DPM Metals Trading Up 2.7%

The business’s fifty day simple moving average is $34.91 and its 200 day simple moving average is $33.82. The stock has a market cap of $7.39 billion, a P/E ratio of 13.43 and a beta of 0.65.

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