DPM Metals (OTCMKTS:DPMLF) Shares Down 13.5% – Here’s Why

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

Wall Street Analyst Weigh In

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

DPM Metals Price Performance

The firm has a 50 day moving average of $31.44 and a 200-day moving average of $24.25. The stock has a market capitalization of $7.84 billion and a P/E ratio of 20.30.

DPM Metals (OTCMKTS:DPMLF) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.15. DPM Metals had a net margin of 39.03% and a return on equity of 22.84%. The company had revenue of $267.41 million during the quarter, compared to analyst estimates of $227.95 million. As a group, equities analysts expect 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.