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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Monday. The stock had previously closed at $41.70, but opened at $40.31. DPM Metals shares last traded at $41.98, with a volume of 331 shares changing hands.

Analyst Ratings Changes

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

DPM Metals Stock Performance

The stock has a market capitalization of $9.11 billion, a PE ratio of 12.93 and a beta of 0.70. The firm has a 50 day moving average of $43.67 and a 200-day moving average of $38.06.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $361.54 million for the quarter, compared to analysts’ expectations of $372.74 million. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%. On average, sell-side analysts predict that DPM Metals Inc. will post 3.32 earnings per share for the current year.

About DPM Metals

DPM Metals, traded on the OTC market under the symbol DPMLF, is a precious-metals mining company focused primarily on the exploration, development and operation of gold-producing assets. The company is associated with Dundee Precious Metals and has historically produced gold and copper, with its activities centered on mining, mineral processing and related infrastructure.

DPM’s principal operating assets have included the Chelopech underground mine and processing facility and the Ada Tepe open-pit mine in Bulgaria.