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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down before the market opened on Tuesday. The stock had previously closed at $41.12, but opened at $38.75. DPM Metals shares last traded at $39.00, with a volume of 25,204 shares.

Wall Street Analysts Forecast Growth

DPMLF has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note 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 research 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, the company presently has a consensus rating of “Moderate Buy”.

DPM Metals Stock Performance

The business’s 50 day moving average price is $40.81 and its 200-day moving average price is $37.92. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 12.16 and a beta of 0.73.

About DPM Metals

DPM Metals Inc. is a Canadian mining company focused on the exploration, development and operation of precious- and base-metal assets. Its products have included gold and copper, as well as silver and other metals recovered during processing. Historically known as Dundee Precious Metals, the company has had a significant presence in Bulgaria, where its portfolio included the Chelopech copper-gold mine and the Ada Tepe gold mine. It has also pursued mining and exploration opportunities in southeastern Europe.