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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $35.04, but opened at $36.87. DPM Metals shares last traded at $35.7550, with a volume of 4,447 shares changing hands.

Wall Street Analysts Forecast Growth

DPMLF has been the subject of several recent analyst reports. National Bankshares reiterated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. CIBC restated a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

DPM Metals Trading Up 3.2%

The business has a 50-day moving average price of $29.73 and a 200 day moving average price of $23.38. The company has a market cap of $8.02 billion and a price-to-earnings ratio of 20.78.

DPM Metals (OTCMKTS:DPMLF) last issued its earnings results on Thursday, November 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $227.95 million. On average, analysts anticipate that DPM Metals Inc. will post 1.52 earnings per share for the current 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.