DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Time to Sell?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Thursday . The stock had previously closed at $34.4050, but opened at $32.6326. DPM Metals shares last traded at $32.36, with a volume of 2,721 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on DPMLF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Zacks Research cut DPM Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, DPM Metals presently has an average rating of “Buy”.

DPM Metals Price Performance

The stock has a 50 day simple moving average of $34.94 and a two-hundred day simple moving average of $33.75. The company has a market cap of $7.29 billion, a PE ratio of 13.24 and a beta of 0.65.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%.The company had revenue of $310.40 million during the quarter, compared to analysts’ expectations of $327.66 million. As a group, equities analysts anticipate that DPM Metals Inc. will post 3.53 EPS for the current fiscal 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.