DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Time to Sell?

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down before the market opened on Thursday . The stock had previously closed at $32.5450, but opened at $29.76. DPM Metals shares last traded at $33.70, with a volume of 3,865 shares trading hands.

Analyst Ratings Changes

DPMLF has been the subject of several analyst reports. Zacks Research lowered shares of DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Thursday, June 4th. Two investment 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’s stock. Based on data from MarketBeat.com, DPM Metals presently has an average rating of “Buy”.

DPM Metals Stock Up 4.9%

The stock has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $34.93. The firm has a market capitalization of $7.48 billion, a P/E ratio of 13.63 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. DPM Metals had a return on equity of 24.75% and a net margin of 44.92%. Research analysts anticipate that DPM Metals Inc. will post 3.53 earnings per share 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.