DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Time to Buy?
by Tristan Rich · The Markets DailyDPM Metals Inc. (OTCMKTS:DPMLF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $35.04, but opened at $36.87. DPM Metals shares last traded at $35.7550, with a volume of 4,447 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on DPMLF shares. Scotiabank reaffirmed an “outperform” rating on shares of DPM Metals in a research report on Thursday, October 23rd. Zacks Research upgraded shares of DPM Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. National Bankshares reaffirmed an “outperform” rating on shares of DPM Metals in a report on Friday, December 5th. Finally, CIBC reiterated a “neutral” rating on shares of DPM Metals in a research note on Friday, December 5th. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, DPM Metals presently has an average rating of “Buy”.
Check Out Our Latest Research Report on DPM Metals
DPM Metals Price Performance
The company’s fifty day moving average is $30.25 and its two-hundred day moving average is $23.61.
DPM Metals (OTCMKTS:DPMLF – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.58 by $0.15. The business had revenue of $267.41 million during the quarter, compared to analysts’ expectations of $227.95 million. DPM Metals had a net margin of 39.03% and a return on equity of 22.84%. Analysts expect 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.