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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $46.48, but opened at $43.88. DPM Metals shares last traded at $43.50, with a volume of 5,871 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on DPMLF shares. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

DPM Metals Trading Down 4.8%

The firm has a 50-day moving average of $38.85 and a 200 day moving average of $36.81. The company has a market cap of $9.42 billion, a P/E ratio of 14.14 and a beta of 0.65.

DPM Metals (OTCMKTS:DPMLF) last issued its 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 business had revenue of $361.54 million during the quarter, compared to the consensus estimate of $372.74 million. On average, equities analysts predict that DPM Metals Inc. will post 3.31 EPS for the current year.

DPM Metals Company Profile

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.