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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $33.68, but opened at $32.70. DPM Metals shares last traded at $34.38, with a volume of 8,274 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DPMLF shares. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Thursday, October 23rd. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. National Bankshares restated an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Macquarie upgraded DPM Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, CIBC reissued a “neutral” rating on shares of DPM Metals in a report on Friday, December 5th. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

DPM Metals Price Performance

The company has a 50 day simple moving average of $28.28 and a 200-day simple moving average of $22.66. The stock has a market capitalization of $7.52 billion and a P/E ratio of 19.47.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. The business had revenue of $267.41 million for the quarter, compared to analysts’ expectations of $227.95 million. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%. As a group, equities analysts forecast that DPM Metals Inc. will post 1.52 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.