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

Shares of DPM Metals Inc. (OTCMKTS:DPMLF) gapped up before the market opened on Friday. The stock had previously closed at $36.48, but opened at $39.69. DPM Metals shares last traded at $40.55, with a volume of 7,881 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on DPMLF. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of DPM Metals in a report on Wednesday, September 9th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of DPM Metals in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DPM Metals has a consensus rating of “Moderate Buy”.

DPM Metals Trading Up 6.4%

The stock’s 50-day simple moving average is $43.51 and its 200-day simple moving average is $37.60. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 13.39 and a beta of 0.70.

DPM Metals (OTCMKTS:DPMLF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%.The business had revenue of $361.54 million for the quarter, compared to the consensus estimate of $372.74 million. On average, equities research analysts forecast that DPM Metals Inc. will post 3.31 earnings per share for the current year.

About DPM Metals

Dundee Precious Metals Inc, traded over the counter under the symbol DPMLF, is a Canadian-based mining company focused on the acquisition, development and operation of precious-metals properties. Its primary products are gold and copper, with activities spanning mine production, mineral exploration and related processing operations.

The company operates the Chelopech underground copper-gold mine and the Ada Tepe open-pit gold mine in Bulgaria. Chelopech produces gold and copper concentrates, while Ada Tepe is a gold-focused operation.