DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – What’s Next?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Tuesday. The stock had previously closed at $40.1685, but opened at $38.00. DPM Metals shares last traded at $38.09, with a volume of 470 shares.

Wall Street Analysts Forecast Growth

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

DPM Metals Price Performance

The business has a 50 day moving average of $43.42 and a 200 day moving average of $37.70. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 12.07 and a beta of 0.70.

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. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%. The firm had revenue of $361.54 million for the quarter, compared to analyst estimates of $372.74 million. As a group, equities analysts predict that DPM Metals Inc. will post 3.28 EPS for the current year.

DPM Metals Company Profile

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.