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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $46.48, but opened at $43.88. DPM Metals shares last traded at $43.50, with a volume of 5,871 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on DPMLF. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

DPM Metals Stock Performance

The stock’s 50 day moving average price is $39.27 and its 200-day moving average price is $36.88. The company has a market cap of $9.49 billion, a PE ratio of 14.24 and a beta of 0.69.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The business had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. On average, analysts anticipate 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.