DPM Metals (OTCMKTS:DPMLF) Shares Down 4.5% – Here’s Why

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price fell 4.5% during trading on Wednesday . The company traded as low as $38.17 and last traded at $38.17. 3,928 shares traded hands during trading, a decline of 95% from the average session volume of 74,247 shares. The stock had previously closed at $39.9620.

Analyst Ratings Changes

A number of research firms recently commented on DPMLF. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Finally, Zacks Research cut shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, DPM Metals has a consensus rating of “Buy”.

DPM Metals Price Performance

The stock’s fifty day simple moving average is $37.62 and its 200-day simple moving average is $31.41. The firm has a market cap of $8.44 billion, a PE ratio of 19.73 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The company had revenue of $352.43 million during the quarter, compared to analysts’ expectations of $308.77 million. DPM Metals had a return on equity of 23.61% and a net margin of 38.85%. Analysts expect that DPM Metals Inc. will post 1.52 earnings per share for the current year.

About DPM Metals

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.