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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price dropped 4.5% during trading on Thursday . The stock traded as low as $48.14 and last traded at $48.14. 353 shares traded hands during trading, a decline of 99% from the average daily volume of 64,388 shares. The stock had previously closed at $50.40.

Wall Street Analysts Forecast Growth

DPMLF has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DPM Metals currently has a consensus rating of “Buy”.

DPM Metals Trading Up 0.5%

The stock has a market capitalization of $10.64 billion, a PE ratio of 15.96 and a beta of 0.65. The business’s 50-day moving average is $37.99 and its two-hundred day moving average is $36.63.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%.The company had revenue of $361.54 million during the quarter, compared to the consensus estimate of $372.74 million. On average, analysts predict that DPM Metals Inc. will post 3.31 EPS 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.