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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down prior to trading on Wednesday . The stock had previously closed at $33.68, but opened at $32.70. DPM Metals shares last traded at $34.38, with a volume of 8,274 shares changing hands.

Wall Street Analyst Weigh In

DPMLF has been the topic of several research reports. National Bankshares reissued an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. CIBC restated a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

DPM Metals Trading Down 1.8%

The business’s 50 day moving average price is $28.80 and its 200-day moving average price is $22.82.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a net margin of 39.03% and a return on equity of 22.84%. The firm had revenue of $267.41 million during the quarter, compared to the consensus estimate of $227.95 million. Research analysts predict that DPM Metals Inc. will post 1.52 EPS for the current 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.