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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down prior to trading on Thursday . The stock had previously closed at $39.9620, but opened at $36.89. DPM Metals shares last traded at $39.32, with a volume of 870 shares traded.

Wall Street Analyst Weigh In

DPMLF has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

DPM Metals Stock Performance

The firm’s 50 day simple moving average is $37.56 and its 200 day simple moving average is $31.36. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 19.83 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. The business had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. As a group, sell-side analysts forecast that DPM Metals Inc. will post 1.52 earnings per share 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.