DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Should You Sell?

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down before the market opened on Friday. The stock had previously closed at $43.94, but opened at $40.00. DPM Metals shares last traded at $39.7350, with a volume of 1,254 shares.

Wall Street Analyst Weigh In

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

DPM Metals Trading Down 3.9%

The company has a market capitalization of $8.43 billion, a P/E ratio of 12.65 and a beta of 0.70. The business has a 50 day moving average price of $43.30 and a 200 day moving average price of $37.42.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The business had revenue of $361.54 million for the quarter, compared to analyst estimates of $372.74 million. On average, analysts forecast that DPM Metals Inc. will post 3.31 EPS for the current fiscal 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.