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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $32.41, but opened at $33.94. DPM Metals shares last traded at $34.51, with a volume of 1,379 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DPMLF shares. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, DPM Metals presently has a consensus rating of “Buy”.

DPM Metals Trading Up 1.6%

The company has a 50 day moving average price of $34.93 and a 200 day moving average price of $33.97. The company has a market capitalization of $7.46 billion, a P/E ratio of 13.55 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%.The business had revenue of $310.40 million for the quarter, compared to analysts’ expectations of $327.66 million. As a group, sell-side analysts forecast that DPM Metals Inc. will post 3.53 EPS for the current fiscal 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.