DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Still a Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $41.94, but opened at $44.25. DPM Metals shares last traded at $43.08, with a volume of 1,838 shares traded.

Wall Street Analysts Forecast Growth

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

DPM Metals Trading Up 7.2%

The company has a 50 day simple moving average of $41.99 and a 200 day simple moving average of $37.17. The stock has a market capitalization of $10.08 billion, a PE ratio of 15.13 and a beta of 0.69.

DPM Metals (OTCMKTS:DPMLF) last announced 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 company had revenue of $361.54 million for the quarter, compared to the consensus estimate of $372.74 million. On average, equities research analysts predict that DPM Metals Inc. will post 3.31 EPS for the current year.

DPM Metals Company Profile

DPM Metals Inc, formerly known as Dundee Precious Metals Inc, is a Canadian-based mining company focused on the exploration, development and operation of precious- and base-metal deposits. Its primary products include gold, copper and related byproducts.

The company’s principal mining operations are in Bulgaria. The Chelopech underground mine produces copper and gold, while the Ada Tepe open-pit mine produces gold. DPM also maintains exploration and development interests in the broader southeastern European region, supporting its strategy of extending mine life and expanding its mineral resources.

DPM Metals has historically operated internationally, with a focus on responsible mining, mineral processing and community engagement in the jurisdictions where it operates.