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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $29.12, but opened at $32.25. DPM Metals shares last traded at $31.97, with a volume of 1,779 shares traded.

Analyst Ratings Changes

DPMLF has been the topic of a number of research analyst reports. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 12.84 and a beta of 0.63. The business’s 50-day simple moving average is $34.91 and its 200-day simple moving average is $34.44.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The company had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. On average, analysts forecast that DPM Metals Inc. will post 3.53 earnings per share 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.