DPM Metals (OTCMKTS:DPMLF) Shares Gap Up - What's Next?

Key Points

• DPM Metals shares gapped up before trading, opening at $35.3690 after a $32.12 close and last trading at $35.03 on light volume (1,335 shares).
• Analysts' consensus is a Buy, with 2 Strong Buy, 3 Buy and 2 Hold ratings, although recent notes included a Zacks downgrade to Hold and a Scotiabank reissue of Outperform.
• DPM's latest quarter printed EPS $0.76 (met estimates) while revenue of $310.4M missed $327.7M; the company reports strong profitability (net margin 44.9%, ROE 26.6%) and trades at a $7.54B market cap with a P/E of 13.67.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $32.12, but opened at $35.3690. DPM Metals shares last traded at $35.03, with a volume of 1,335 shares.

Analyst Ratings Changes

DPMLF has been the topic of a number of research reports. Scotiabank reissued an "outperform" rating on shares of DPM Metals in a report on Monday, January 26th. Zacks Research downgraded shares of DPM Metals from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. Finally, Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of DPM Metals in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy".

DPM Metals Stock Performance

The company has a market cap of $7.54 billion, a P/E ratio of 13.67 and a beta of 0.65. The business has a 50 day moving average price of $36.93 and a two-hundred day moving average price of $32.54.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. DPM Metals had a net margin of 44.92% and a return on equity of 26.58%. The firm had revenue of $310.40 million for the quarter, compared to analysts' expectations of $327.66 million. As a group, research analysts expect that DPM Metals Inc. will post 3.61 EPS for the current year.

DPM Metals Company Profile

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.

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