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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Friday. The stock had previously closed at $43.94, but opened at $40.00. DPM Metals shares last traded at $39.7350, with a volume of 1,254 shares.

Wall Street Analysts Forecast Growth

DPMLF has been the subject of a number of research reports. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, DPM Metals currently has a consensus rating of “Moderate Buy”.

DPM Metals Stock Performance

The stock has a market capitalization of $8.43 billion, a P/E ratio of 12.65 and a beta of 0.70. The stock has a 50-day simple moving average of $43.30 and a 200 day simple moving average of $37.42.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities analysts predict that DPM Metals Inc. will post 3.31 earnings per share for the current year.

DPM Metals Company Profile

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.