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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $34.36, but opened at $38.27. DPM Metals shares last traded at $36.13, with a volume of 2,567 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. CIBC reissued a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Finally, Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Four analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

DPM Metals Trading Up 5.4%

The stock has a market capitalization of $8.04 billion and a P/E ratio of 20.82. The stock’s fifty day moving average price is $31.84 and its two-hundred day moving average price is $24.62.

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 analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The firm had revenue of $267.41 million during the quarter, compared to analyst estimates of $227.95 million. As a group, analysts expect 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.