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

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped up before the market opened on Friday. The stock had previously closed at $39.9590, but opened at $42.46. DPM Metals shares last traded at $42.43, with a volume of 25,149 shares changing hands.

Analyst Ratings Changes

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

DPM Metals Trading Up 1.5%

The stock has a market cap of $9.43 billion, a PE ratio of 14.15 and a beta of 0.70. The business has a 50 day moving average of $43.83 and a 200-day moving average of $37.92.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $361.54 million during the quarter, compared to analysts’ expectations of $372.74 million. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%. Research analysts expect that DPM Metals Inc. will post 3.32 EPS for the current fiscal year.

DPM Metals Company Profile

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.