DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Here’s Why

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.

Analysts Set New Price Targets

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

DPM Metals Stock Down 1.2%

The firm’s 50-day moving average price is $41.55 and its 200 day moving average price is $37.12. The firm has a market cap of $9.38 billion, a P/E ratio of 14.07 and a beta of 0.69.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The firm had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. On average, equities analysts predict that DPM Metals Inc. will post 3.31 earnings per share 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.