DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Should You Sell?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $36.79, but opened at $35.26. DPM Metals shares last traded at $37.56, with a volume of 10,209 shares.

Wall Street Analysts Forecast Growth

DPMLF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. National Bank Financial restated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

DPM Metals Trading Up 2.3%

The company has a market cap of $8.35 billion and a price-to-earnings ratio of 19.49. The stock’s 50-day moving average is $33.92 and its 200-day moving average is $26.20.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). The company had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. DPM Metals had a net margin of 38.85% and a return on equity of 26.95%. As a group, analysts predict that DPM Metals Inc. will post 1.52 EPS for the current year.

DPM Metals Company Profile

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.