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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $34.9740, but opened at $31.19. DPM Metals shares last traded at $32.37, with a volume of 488 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Zacks Research downgraded DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

DPM Metals Stock Down 2.9%

The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.49 and a beta of 0.63. The business has a 50-day moving average of $35.05 and a two-hundred day moving average of $34.35.

DPM Metals (OTCMKTS:DPMLF) last released its earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%.The business had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. Equities analysts predict that DPM Metals Inc. will post 3.53 EPS for the current fiscal 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.