DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $29.12, but opened at $32.25. DPM Metals shares last traded at $31.97, with a volume of 1,779 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPMLF. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Zacks Research downgraded shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, DPM Metals has a consensus rating of “Buy”.

DPM Metals Stock Performance

The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 12.84 and a beta of 0.63. The business’s 50-day moving average is $34.91 and its two-hundred day moving average is $34.44.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. Analysts forecast that DPM Metals Inc. will post 3.53 EPS 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.