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

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $38.07, but opened at $39.71. DPM Metals shares last traded at $38.30, with a volume of 1,061 shares traded.

Wall Street Analysts Forecast Growth

DPMLF has been the subject of several analyst reports. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Finally, Zacks Research cut DPM Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, DPM Metals has an average rating of “Buy”.

DPM Metals Price Performance

The business has a 50 day simple moving average of $37.66 and a 200 day simple moving average of $31.65. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 19.93 and a beta of 0.80.

DPM Metals (OTCMKTS:DPMLF) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). DPM Metals had a return on equity of 23.61% and a net margin of 38.85%.The firm had revenue of $352.43 million for the quarter, compared to analyst estimates of $308.77 million. On average, equities research analysts predict that DPM Metals Inc. will post 1.52 EPS 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.