DPM Metals (OTCMKTS:DPMLF) Shares Down 7.3% – Should You Sell?

DPM Metals Inc. (OTCMKTS:DPMLF) shares traded down 7.3% during trading on Thursday. The stock traded as low as $40.75 and last traded at $40.75. 48,248 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 68,625 shares. The stock had previously closed at $43.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DPMLF shares. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

DPM Metals Stock Performance

The stock’s 50-day moving average price is $43.33 and its two-hundred day moving average price is $37.43. The stock has a market capitalization of $8.49 billion, a PE ratio of 12.74 and a beta of 0.70.

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

About DPM Metals

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.