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 $34.76, but opened at $32.00. DPM Metals shares last traded at $32.86, with a volume of 17,658 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DPMLF shares. Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. National Bank Financial reiterated an “outperform” rating on shares of DPM Metals in a research report on Friday, December 5th. Finally, Zacks Research raised shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Three 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’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

DPM Metals Trading Down 4.8%

The business has a 50-day moving average of $37.47 and a 200 day moving average of $29.29. The firm has a market capitalization of $7.34 billion and a P/E ratio of 17.14.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Tuesday, February 10th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.The firm had revenue of $352.43 million during the quarter, compared to the consensus estimate of $308.77 million. As a group, research analysts forecast 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.