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

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $41.12, but opened at $38.75. DPM Metals shares last traded at $39.00, with a volume of 25,204 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, September 9th. Scotiabank reiterated 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

DPM Metals Stock Performance

The firm’s fifty day simple moving average is $41.07 and its 200 day simple moving average is $37.90. The firm has a market cap of $8.40 billion, a P/E ratio of 12.66 and a beta of 0.73.

About DPM Metals

DPM Metals Inc. is a Canadian mining company focused on the exploration, development and operation of precious- and base-metal assets. Its products have included gold and copper, as well as silver and other metals recovered during processing. Historically known as Dundee Precious Metals, the company has had a significant presence in Bulgaria, where its portfolio included the Chelopech copper-gold mine and the Ada Tepe gold mine. It has also pursued mining and exploration opportunities in southeastern Europe.