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

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on DPMLF. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, DPM Metals currently has an average rating of “Buy”.

DPM Metals Stock Down 4.0%

The company has a market capitalization of $10.19 billion, a PE ratio of 15.29 and a beta of 0.65. The company’s 50 day moving average is $38.61 and its two-hundred day moving average is $36.78.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, beating 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 business had revenue of $361.54 million during the quarter, compared to analysts’ expectations of $372.74 million. Analysts forecast that DPM Metals Inc. will post 3.31 EPS 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.