DPM Metals (OTCMKTS:DPMLF) Trading Down 13.5% – Time to Sell?

DPM Metals Inc. (OTCMKTS:DPMLF) traded down 13.5% during mid-day trading on Friday . The company traded as low as $34.6325 and last traded at $34.6325. 48,477 shares traded hands during trading, a decline of 54% from the average session volume of 106,208 shares. The stock had previously closed at $40.06.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DPMLF shares. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. National Bankshares restated an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. CIBC reissued a “neutral” rating on shares of DPM Metals in a research report on Friday, December 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, DPM Metals has a consensus rating of “Buy”.

DPM Metals Stock Down 13.1%

The business’s fifty day moving average price is $31.66 and its two-hundred day moving average price is $24.43.

DPM Metals (OTCMKTS:DPMLF) last announced its earnings results on Thursday, November 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. DPM Metals had a return on equity of 22.84% and a net margin of 39.03%.The firm had revenue of $267.41 million during the quarter, compared to analysts’ expectations of $227.95 million. On average, research analysts anticipate that DPM Metals Inc. will post 1.52 earnings per share for the current 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.