DPM Metals (OTCMKTS:DPMLF) Shares Down 7.3% – Should You Sell?
by Amy Steele · The Cerbat GemDPM Metals Inc. (OTCMKTS:DPMLF – Get Free Report) fell 7.3% during mid-day trading on Thursday. The stock traded as low as $40.75 and last traded at $40.75. 48,248 shares were traded during trading, a decline of 30% from the average session volume of 68,625 shares. The stock had previously closed at $43.94.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of DPM Metals in a research note on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of DPM Metals in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of DPM Metals in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on DPM Metals
DPM Metals Trading Down 8.3%
The firm has a market cap of $8.84 billion, a P/E ratio of 13.26 and a beta of 0.69. The company’s 50-day moving average is $43.22 and its two-hundred day moving average is $37.39.
DPM Metals (OTCMKTS:DPMLF – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. DPM Metals had a return on equity of 25.66% and a net margin of 50.26%.The company had revenue of $361.54 million for the quarter, compared to analysts’ expectations of $372.74 million. Research analysts anticipate that DPM Metals Inc. will post 3.31 EPS for the current fiscal 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.