DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $34.88, but opened at $37.7148. DPM Metals shares last traded at $37.8750, with a volume of 4,857 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DPMLF shares. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research note on Wednesday. Finally, National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a research note on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

DPM Metals Stock Up 3.3%

The firm has a market capitalization of $8.53 billion and a price-to-earnings ratio of 22.09. The stock’s 50 day moving average price is $32.54 and its two-hundred day moving average price is $25.15.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The business had revenue of $267.41 million for the quarter, compared to the consensus estimate of $227.95 million. On average, equities analysts expect 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.