DPM Metals (OTCMKTS:DPMLF) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

DPM Metals Inc. (OTCMKTS:DPMLF) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $37.86 and traded as high as $38.50. DPM Metals shares last traded at $38.50, with a volume of 61,177 shares traded.

Wall Street Analysts Forecast Growth

DPMLF has been the topic of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Canadian Imperial Bank of Commerce restated 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. Based on data from MarketBeat, DPM Metals has a consensus rating of “Moderate Buy”.

DPM Metals Stock Performance

The company’s 50-day moving average price is $41.36 and its 200 day moving average price is $37.86. The stock has a market capitalization of $8.40 billion, a PE ratio of 12.66 and a beta of 0.73.

About DPM Metals

DPM Metals, traded on the OTC market under the symbol DPMLF, is a precious-metals mining company focused primarily on the exploration, development and operation of gold-producing assets. The company is associated with Dundee Precious Metals and has historically produced gold and copper, with its activities centered on mining, mineral processing and related infrastructure.

DPM’s principal operating assets have included the Chelopech underground mine and processing facility and the Ada Tepe open-pit mine in Bulgaria.