DPM Metals (OTCMKTS:DPMLF) Shares Down 8.1% – What’s Next?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) dropped 8.1% on Wednesday. The company traded as low as $36.49 and last traded at $36.49. Approximately 2,433 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 69,951 shares. The stock had previously closed at $39.70.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Wednesday, September 9th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

DPM Metals Trading Up 4.9%

The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 12.59 and a beta of 0.70. The company’s 50 day moving average is $43.51 and its 200-day moving average is $37.60.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly 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 firm had revenue of $361.54 million for the quarter, compared to the consensus estimate of $372.74 million. Research analysts expect that DPM Metals Inc. will post 3.31 EPS 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.