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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Monday . The stock had previously closed at $34.9740, but opened at $31.19. DPM Metals shares last traded at $32.37, with a volume of 488 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on DPMLF. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday. Zacks Research cut shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment 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, the stock presently has an average rating of “Buy”.

DPM Metals Stock Up 1.0%

The stock’s 50 day moving average is $35.08 and its two-hundred day moving average is $34.25. The company has a market capitalization of $7.13 billion, a PE ratio of 12.96 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The company had revenue of $310.40 million during the quarter, compared to analyst estimates of $327.66 million. On average, sell-side analysts predict that DPM Metals Inc. will post 3.53 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.