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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped down before the market opened on Monday. The stock had previously closed at $41.70, but opened at $40.31. DPM Metals shares last traded at $41.98, with a volume of 331 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DPMLF. Canadian Imperial Bank of Commerce reaffirmed 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 reissued an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

DPM Metals Price Performance

The business has a 50 day simple moving average of $43.79 and a 200 day simple moving average of $37.99. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 13.75 and a beta of 0.70.

DPM Metals (OTCMKTS:DPMLF) last announced its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%. The company had revenue of $361.54 million during the quarter, compared to analyst estimates of $372.74 million. As a group, sell-side analysts anticipate that DPM Metals Inc. will post 3.32 earnings per share for the current fiscal year.

About DPM Metals

DPM Metals, traded on the OTC market under the symbol DPMLF, is a precious-metals mining company focused primarily on the exploration, development and operation of gold-producing assets. The company is associated with Dundee Precious Metals and has historically produced gold and copper, with its activities centered on mining, mineral processing and related infrastructure.

DPM’s principal operating assets have included the Chelopech underground mine and processing facility and the Ada Tepe open-pit mine in Bulgaria.