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

Key Points

• DPM Metals shares fell 3.1%, opening at $38.00 versus a previous close of $40.1685, with 470 shares traded.
• Analyst sentiment remains positive overall: three analysts rate the stock Buy and two rate it Hold, giving DPM Metals a consensus rating of “Moderate Buy.”
• The company reported quarterly EPS of $0.95, exceeding the $0.83 consensus estimate, while revenue of $361.54 million came in below expectations. DPM Metals maintains strong profitability, including a 50.26% net margin and 25.66% return on equity.

DPM Metals Inc. (OTCMKTS:DPMLF - Get Free Report)'s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $40.1685, but opened at $38.00. DPM Metals shares last traded at $38.09, with a volume of 470 shares changing hands.

Analyst Upgrades and Downgrades

DPMLF has been the subject of a number of recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of DPM Metals in a research report on Wednesday, August 19th. Jefferies Financial Group restated a "buy" rating on shares of DPM Metals in a research report on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of DPM Metals in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, DPM Metals has a consensus rating of "Moderate Buy".

DPM Metals Stock Down 3.1%

The company has a market cap of $8.04 billion, a P/E ratio of 12.07 and a beta of 0.70. The firm has a fifty day moving average price of $43.42 and a 200 day moving average price of $37.70.

DPM Metals (OTCMKTS:DPMLF - Get Free Report) last issued 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. DPM Metals had a net margin of 50.26% and a return on equity of 25.66%. The firm had revenue of $361.54 million for the quarter, compared to analyst estimates of $372.74 million. On average, sell-side analysts anticipate that DPM Metals Inc. will post 3.28 earnings per share 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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