Dundee Precious Mtl (DPM) AI Stock Analysis

• Market Cap: C$6.95B
• Dividend Yield: 0.72%
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): 15.7
• Beta (1Y): 0.88
• Revenue Growth: 19.55%
• EPS Growth: 36.19%
• Country: CA
• Employees: 2,063
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.73
• Shares Outstanding: 221,870,940
• 10 Day Avg. Volume: 2,099,043
• 30 Day Avg. Volume: 1,302,279
• PEG Ratio: 0.16
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 2.69
• P/FCF Ratio: 16.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$32.85
• Price Target Upside: 4.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 82 Outperform
• Price Target: C$36.00 ▲(14.83% Upside)

Dundee Precious Metals receives a strong overall score due to its robust financial performance and positive technical indicators. The company's strategic initiatives and record-breaking earnings results further enhance its outlook. However, attention to cost management and free cash flow growth is necessary to sustain long-term success.

Positive Factors

Strong Financial Health

The company's robust EBIT and EBITDA margins and low leverage position it well within the gold industry, ensuring financial stability and operational efficiency.

Strategic Acquisition

This acquisition is anticipated to enhance future production and cost guidance, supporting long-term growth and market competitiveness.

Environmental Milestone

Securing the environmental license is a significant step forward, enabling project advancement and potential revenue generation in the future.

Negative Factors

Higher All-In Sustaining Costs

Increased costs can pressure margins and profitability, requiring effective cost management to maintain financial health and competitiveness.

Decline in Free Cash Flow Growth

Declining free cash flow growth could impact liquidity and financial flexibility, necessitating strategic reinvestment to reverse this trend.

Operational Challenges at Ada Tepe

Current performance challenges at Ada Tepe indicate potential operational inefficiencies, which could affect overall production and cost effectiveness.

Dundee Precious Mtl Business Overview & Revenue Model

Company Description

DPM Metals Inc., a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Serbia, Ecuador, and Bosnia. The company was formerly known as Dundee Precious Metals Inc. and changed its name to DPM Metals Inc. in September 2025. The company is based in Toronto, Canada.

How the Company Makes Money

Dundee Precious Metals generates revenue primarily through the production and sale of gold and other precious metals extracted from its mining operations. The company sells the mined gold in the form of doré bars or concentrates to various international buyers and smelters. Additionally, DPM processes complex concentrate materials at its Tsumeb smelter in Namibia, earning revenue through treatment charges and other associated fees from third-party customers. The company's profitability is influenced by factors such as global market prices for gold and other metals, production costs, and operational efficiencies. Strategic partnerships and off-take agreements may further enhance revenue stability and access to markets.

Dundee Precious Mtl Financial Statement Overview

Summary

Dundee Precious Metals demonstrates strong financial health with high profitability margins and a solid balance sheet. The company benefits from robust EBIT and EBITDA margins and low leverage, positioning it well within the gold industry. However, the decline in free cash flow growth and slight margin decreases suggest areas for improvement in cost management and strategic reinvestment.

Income Statement

Dundee Precious Mtl shows strong profitability with a high gross profit margin of 59.98% and a net profit margin of 37.08% in the TTM period. The company has demonstrated consistent revenue growth, with a 5.76% increase in the latest period. EBIT and EBITDA margins are robust at 42.95% and 56.37%, respectively, indicating efficient operations. However, the slight decline in some margins compared to previous years suggests potential challenges in maintaining cost efficiencies.

Balance Sheet

The balance sheet reflects a solid financial position with a very low debt-to-equity ratio, indicating minimal leverage and financial risk. The return on equity is strong at 19.43%, showcasing effective use of shareholder funds. The equity ratio is healthy, suggesting a stable capital structure. However, the slight decrease in equity growth compared to previous years could indicate a need for strategic reinvestment.

Cash Flow

The cash flow statement reveals a slight decline in free cash flow growth, down by 8.83% in the TTM period, which could be a concern for future liquidity. Despite this, the operating cash flow to net income ratio is strong at 2.38, indicating good cash generation relative to earnings. The free cash flow to net income ratio is also solid at 86.26%, reflecting efficient cash management. The company should focus on reversing the negative trend in free cash flow growth to enhance financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	629.13M	566.38M	513.34M	422.82M	608.27M	635.27M
Gross Profit	306.61M	254.55M	218.10M	168.15M	226.34M	267.90M
EBITDA	371.87M	350.78M	298.37M	220.22M	325.61M	341.64M
Net Income	242.48M	224.55M	196.07M	34.85M	186.87M	205.94M
Balance Sheet
Total Assets	1.45B	1.42B	1.29B	1.16B	1.17B	974.86M
Cash, Cash Equivalents and Short-Term Investments	331.69M	634.83M	595.28M	433.18M	334.38M	149.53M
Total Debt	14.94M	13.52M	12.53M	14.58M	15.19M	17.08M
Total Liabilities	179.52M	134.38M	169.69M	164.16M	164.00M	169.58M
Stockholders Equity	1.27B	1.29B	1.12B	993.09M	1.00B	798.67M
Cash Flow
Free Cash Flow	260.19M	107.41M	246.99M	184.47M	196.60M	168.68M
Operating Cash Flow	294.07M	136.06M	278.67M	222.02M	246.26M	203.84M
Investing Cash Flow	-502.93M	-22.76M	-12.57M	-83.26M	-31.53M	-46.08M
Financing Cash Flow	-180.85M	-77.39M	-99.50M	-42.90M	-33.56M	-24.66M

Dundee Precious Mtl Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 31.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DPM, the sentiment is Positive. The current price of 31.35 is above the 20-day moving average (MA) of 29.91, above the 50-day MA of 26.57, and above the 200-day MA of 20.13, indicating a bullish trend. The MACD of 1.34 indicates Positive momentum. The RSI at 67.74 is Neutral, neither overbought nor oversold. The STOCH value of 75.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DPM.

Dundee Precious Mtl Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DPM	82 Outperform	C$6.95B	15.68	20.48%	0.72%	19.55%	36.19%
OGC	81 Outperform	C$7.02B	13.75	18.54%	0.32%	60.59%	34481.54%
KNT	78 Outperform	C$4.26B	14.20	35.49%	―	131.16%	648.58%
SSRM	73 Outperform	C$6.75B	30.58	5.06%	―	9.52%	―
WDO	73 Outperform	C$3.38B	14.02	32.74%	―	81.12%	514.82%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Dundee Precious Mtl Corporate Events

Dundee Precious Metals Secures Shareholder Approval for Adriatic Metals Acquisition and Name Change

Dundee Precious Metals Inc. announced that its shareholders have overwhelmingly approved the acquisition of Adriatic Metals and a name change to DPM Metals Inc. The acquisition, which involves issuing new shares, received over 99.7% approval from shareholders, and Adriatic Metals has also secured the necessary shareholder approvals. The acquisition is subject to court sanctioning and is expected to be completed by early September 2025, potentially enhancing DPM’s market position and growth opportunities.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Clears Key Hurdle in Adriatic Metals Acquisition

Dundee Precious Metals Inc. has satisfied a key condition for its acquisition of Adriatic Metals, receiving approval from the Bosnian Competition Council. The transaction, deemed financially beneficial by the DPM Board, awaits further approvals and is expected to enhance DPM’s asset portfolio and growth potential, aligning with its strategic objectives.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Reports Record Earnings and Strategic Acquisition

Dundee Precious Metals Inc. reported record free cash flow and adjusted net earnings for the second quarter of 2025, highlighting a robust financial performance. The company announced a strategic acquisition of Adriatic Metals, enhancing its growth profile with the addition of the Vareš silver-lead-zinc-gold operation. Dundee Precious Metals also advanced key projects, including the Čoka Rakita feasibility study and received an environmental license for the Loma Larga project, positioning itself for future growth. The company maintained strong liquidity and returned significant capital to shareholders, demonstrating its commitment to delivering value.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Declares Third Quarter Dividend

Dundee Precious Metals Inc. announced a third quarter dividend of US$0.04 per common share, payable on October 15, 2025, to shareholders of record as of September 30, 2025. This dividend declaration reflects the company’s ongoing commitment to delivering returns to shareholders and maintaining a strong financial position, which aligns with its strategic objective of sustainable growth in the precious metals sector.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Moves Forward with Adriatic Acquisition and Rebranding

Dundee Precious Metals has announced the filing of management information circulars for a special shareholder meeting to approve the acquisition of Adriatic Metals and a name change to DPM Metals Inc. The acquisition of Adriatic Metals, which operates a silver-lead-zinc-gold mine in Bosnia and Herzegovina, is expected to enhance DPM’s asset portfolio and production growth. The board recommends shareholders approve the transaction, which promises improved financial strength, optimized capital allocation, and significant free cash flow generation.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Reports Strong Q2 Production and Shareholder Returns

Dundee Precious Metals announced its preliminary production results for the second quarter of 2025, showing an increase in gold and copper production as planned. The company remains on track to meet its 2025 guidance, with both Chelopech and Ada Tepe mines performing in line with expectations. Additionally, DPM repurchased a significant number of shares and will pay a quarterly dividend, reflecting its commitment to returning capital to shareholders. The company’s financial results for the second quarter will be released on July 31, 2025, followed by a conference call on August 1, 2025.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Secures Environmental License for Loma Larga Project

Dundee Precious Metals has received an environmental license from the Ecuadorian government for its Loma Larga project, marking a significant milestone in its development. The company emphasizes its commitment to high environmental standards and responsible water management, aiming to deliver strong returns and economic benefits to local communities. The updated feasibility study for Loma Larga reflects current gold prices and revised cost estimates, with results to be disclosed later.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Announces Strategic Acquisition of Adriatic Metals

Dundee Precious Metals Inc. has announced a recommended acquisition of Adriatic Metals Plc, valuing the entire issued share capital of Adriatic at approximately US$1.251 billion. This transaction, which offers a significant premium to Adriatic’s recent share prices, is expected to create a strong combined entity with enhanced operational and financial profiles, leveraging DPM’s strengths and aligning with its strategic goals.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals to Acquire Adriatic Metals, Enhancing Growth and Regional Presence

Dundee Precious Metals Inc. has announced a proposed acquisition of Adriatic Metals plc for approximately $1.3 billion, which will include the Vareš operation in Bosnia and Herzegovina. This acquisition is expected to significantly enhance DPM’s asset portfolio by increasing production, extending mine life, and boosting cash flow generation. The strategic move aims to create a premier mining business with a robust growth profile and strong regional presence, benefiting shareholders and regional stakeholders through enhanced operational capabilities and community relationships.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Announces Possible Offer for Adriatic Metals

Dundee Precious Metals Inc. has announced a possible offer for Adriatic Metals plc, highlighting the disclosure requirements under the UK City Code on Takeovers and Mergers. This move aligns with DPM’s strategic objective to expand its portfolio and strengthen its position in the precious metals industry, potentially impacting stakeholders involved in the offer.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Dundee Precious Metals Considers Potential Acquisition of Adriatic Metals

Dundee Precious Metals Inc. has confirmed discussions regarding a potential offer for the entire share capital of Adriatic Metals plc, although there is no certainty that an offer will be made or the terms it might include. This move aligns with Dundee’s strategic objective to grow through disciplined strategic transactions, potentially impacting its market positioning and shareholder returns.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.