DPM Metals (OTCMKTS:DPMLF) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• DPM Metals shares fell below their 200-day moving average, trading as low as $35.87 before last changing hands at $37.31. The stock was down 1.5%, with its 50-day moving average at $43.12.
• Analyst sentiment remains generally positive: three analysts rate the shares Buy and two rate them Hold, resulting in a “Moderate Buy” consensus rating.
• DPM Metals reported quarterly EPS of $0.95, exceeding the $0.83 consensus estimate, although revenue of $361.54 million came in below expectations. Analysts forecast full-year EPS of $3.27.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $37.76 and traded as low as $35.87. DPM Metals shares last traded at $37.31, with a volume of 238,785 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group restated a "buy" rating on shares of DPM Metals in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of DPM Metals in a research report on Wednesday, September 9th. Finally, Scotiabank reiterated an "outperform" rating on shares of DPM Metals in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

DPM Metals Stock Down 1.5%

The firm has a fifty day moving average of $43.12 and a 200-day moving average of $37.76. The firm has a market cap of $8.18 billion, a P/E ratio of 12.27 and a beta of 0.70.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates 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. Sell-side analysts anticipate that DPM Metals Inc. will post 3.27 EPS for the current year.

DPM Metals Company Profile

DPM Metals, traded on the OTC market under the symbol DPMLF, is a precious-metals mining company focused primarily on the exploration, development and operation of gold-producing assets. The company is associated with Dundee Precious Metals and has historically produced gold and copper, with its activities centered on mining, mineral processing and related infrastructure.

DPM's principal operating assets have included the Chelopech underground mine and processing facility and the Ada Tepe open-pit mine in Bulgaria.

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