DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – What’s Next?

DPM Metals Inc. (OTCMKTS:DPMLF) shares gapped down before the market opened on Monday . The stock had previously closed at $21.4325, but opened at $20.45. DPM Metals shares last traded at $21.80, with a volume of 1,735 shares.

Wall Street Analyst Weigh In

A number of brokerages have commented on DPMLF. Stifel Canada raised DPM Metals to a “strong-buy” rating in a report on Thursday, September 4th. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a report on Wednesday, July 16th. CIBC reaffirmed a “neutral” rating on shares of DPM Metals in a report on Wednesday, October 1st. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada raised DPM Metals to a “moderate buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

DPM Metals Stock Down 0.3%

The stock has a 50-day simple moving average of $21.73 and a two-hundred day simple moving average of $17.75. The firm has a market cap of $3.57 billion, a PE ratio of 15.26 and a beta of 0.66.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. DPM Metals had a return on equity of 21.68% and a net margin of 37.07%.The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.36 million. Research analysts expect that DPM Metals Inc. will post 1.52 earnings per share for the current year.

DPM Metals Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.04 per share. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend was Monday, September 29th. DPM Metals’s dividend payout ratio (DPR) is 11.43%.

About DPM Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.