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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped up before the market opened on Tuesday . The stock had previously closed at $34.36, but opened at $38.27. DPM Metals shares last traded at $36.13, with a volume of 2,567 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on DPMLF shares. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. CIBC restated a “neutral” rating on shares of DPM Metals in a report on Wednesday. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

DPM Metals Stock Performance

The company has a market capitalization of $7.74 billion and a P/E ratio of 20.05. The stock’s fifty day moving average price is $32.20 and its 200-day moving average price is $24.83.

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