DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Here’s What Happened

DPM Metals Inc. (OTCMKTS:DPMLFGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $32.41, but opened at $33.94. DPM Metals shares last traded at $34.51, with a volume of 1,379 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DPMLF shares. Zacks Research cut DPM Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of DPM Metals in a research note on Wednesday, February 4th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on DPM Metals

DPM Metals Price Performance

The business’s 50-day moving average is $34.93 and its 200 day moving average is $33.97. The firm has a market capitalization of $7.46 billion, a P/E ratio of 13.55 and a beta of 0.63.

DPM Metals (OTCMKTS:DPMLFGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $310.40 million during the quarter, compared to analysts’ expectations of $327.66 million. DPM Metals had a net margin of 44.92% and a return on equity of 24.75%. Analysts anticipate that DPM Metals Inc. will post 3.53 EPS for the current fiscal year.

About DPM Metals

(Get Free Report)

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.

Further Reading

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