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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

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

DPM Metals Stock Performance

The firm has a market cap of $7.54 billion, a PE ratio of 13.72 and a beta of 0.66. The firm’s 50-day moving average price is $33.24 and its two-hundred day moving average price is $34.95.

DPM Metals (OTCMKTS:DPMLF) last posted its earnings results on Tuesday, May 5th. The company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. The firm had revenue of $310.40 million for the quarter, compared to the consensus estimate of $327.66 million. As a group, sell-side analysts predict that DPM Metals Inc. will post 3.53 earnings per share 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.