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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down prior to trading on Friday . The stock had previously closed at $39.41, but opened at $36.25. DPM Metals shares last traded at $39.30, with a volume of 6,195 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. National Bank Financial reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Zacks Research upgraded DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, DPM Metals presently has a consensus rating of “Buy”.

DPM Metals Trading Up 0.2%

The stock has a market cap of $8.77 billion and a price-to-earnings ratio of 20.46. The firm has a fifty day simple moving average of $36.42 and a 200-day simple moving average of $28.03.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. The firm had revenue of $352.43 million during the quarter, compared to analyst estimates of $308.77 million. On average, equities analysts predict 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.