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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped up prior to trading on Monday . The stock had previously closed at $31.07, but opened at $33.00. DPM Metals shares last traded at $32.17, with a volume of 7,553 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Stifel Canada upgraded shares of DPM Metals to a “strong-buy” rating in a research note on Thursday, September 4th. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, Royal Bank Of Canada raised shares of DPM Metals to a “moderate buy” rating in a research note on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

DPM Metals Trading Down 1.0%

The company has a market capitalization of $7.01 billion and a P/E ratio of 18.16. The business’s fifty day moving average price is $25.48 and its 200 day moving average price is $20.91.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The company had revenue of $267.41 million for the quarter, compared to analyst estimates of $227.95 million. Equities research analysts anticipate that DPM Metals Inc. will post 1.52 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.