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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $27.4230, but opened at $28.46. DPM Metals shares last traded at $28.2766, with a volume of 1,251 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Macquarie raised shares of DPM Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. CIBC reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, October 1st. Finally, National Bankshares restated an “outperform” rating on shares of DPM Metals in a research report on Friday. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Price Performance

The firm’s 50 day moving average price is $23.69 and its 200-day moving average price is $19.51.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a net margin of 39.03% and a return on equity of 28.09%. The business had revenue of $267.41 million during the quarter, compared to the consensus estimate of $227.95 million. On average, sell-side analysts expect that DPM Metals Inc. will post 1.52 earnings per share for the current fiscal year.

DPM Metals Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a dividend yield of 72.0%. DPM Metals’s dividend payout ratio is 9.20%.

About DPM Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.