DPM Metals (OTCMKTS:DPMLF) Shares Gap Down – Should You Sell?

DPM Metals Inc. (OTCMKTS:DPMLF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $39.41, but opened at $36.25. DPM Metals shares last traded at $39.30, with a volume of 6,195 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DPMLF shares. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Monday, January 26th. National Bank Financial reissued an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Zacks Research raised DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Wednesday, February 4th. Three 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

DPM Metals Price Performance

The company has a market capitalization of $8.97 billion and a P/E ratio of 20.94. The stock’s fifty day simple moving average is $36.58 and its 200-day simple moving average is $28.27.

DPM Metals (OTCMKTS:DPMLF) last issued its 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). The firm had revenue of $352.43 million during the quarter, compared to the consensus estimate of $308.77 million. DPM Metals had a net margin of 38.85% and a return on equity of 23.61%. On average, research analysts predict that DPM Metals Inc. will post 1.52 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.