DPM Metals (OTCMKTS:DPMLF) Stock Price Down 4.5% – Here’s Why

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price dropped 4.5% on Thursday . The company traded as low as $48.14 and last traded at $48.14. 353 shares were traded during trading, a decline of 99% from the average session volume of 64,388 shares. The stock had previously closed at $50.40.

Analyst Ratings Changes

DPMLF has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating on shares of DPM Metals in a report on Monday, July 6th. Scotiabank reiterated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

DPM Metals Price Performance

The company’s 50-day moving average is $37.99 and its 200-day moving average is $36.63. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 15.96 and a beta of 0.65.

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

About DPM Metals

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.