DPM Metals (OTCMKTS:DPMLF) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $37.86 and traded as high as $38.50. DPM Metals shares last traded at $38.50, with a volume of 61,177 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a report on Wednesday, September 9th. Scotiabank reissued an “outperform” rating on shares of DPM Metals in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, DPM Metals currently has an average rating of “Moderate Buy”.

DPM Metals Stock Up 2.5%

The stock has a market capitalization of $8.53 billion, a PE ratio of 12.80 and a beta of 0.73. The firm’s fifty day moving average is $41.17 and its 200-day moving average is $37.87.

DPM Metals Company Profile

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.