DPM Metals (OTCMKTS:DPMLF) Shares Gap Up – Should You Buy?

DPM Metals Inc. (OTCMKTS:DPMLF)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $36.48, but opened at $39.69. DPM Metals shares last traded at $40.55, with a volume of 7,881 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DPMLF shares. 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 reissued a “neutral” rating on shares of DPM Metals in a research note on Wednesday, September 9th. Finally, Scotiabank restated an “outperform” rating on shares of DPM Metals in a report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

DPM Metals Trading Up 6.4%

The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.39 and a beta of 0.70. The company has a 50 day moving average price of $43.51 and a 200 day moving average price of $37.60.

DPM Metals (OTCMKTS:DPMLF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $372.74 million. Equities analysts predict that DPM Metals Inc. will post 3.31 earnings per share for the current year.

DPM Metals Company Profile

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.