DPM Metals (OTCMKTS:DPMLF) Shares Down 4.5% – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price traded down 4.5% during trading on Wednesday . The company traded as low as $38.17 and last traded at $38.17. 3,928 shares traded hands during trading, a decline of 95% from the average session volume of 74,247 shares. The stock had previously closed at $39.9620.

Analyst Ratings Changes

Several equities analysts have recently commented on DPMLF shares. Zacks Research downgraded DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

DPM Metals Price Performance

The business has a 50-day moving average of $37.51 and a 200-day moving average of $31.31. The company has a market capitalization of $8.48 billion, a P/E ratio of 19.81 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLF) last announced its earnings results 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). DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. The firm had revenue of $352.43 million during the quarter, compared to analysts’ expectations of $308.77 million. Sell-side 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.