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Updated 2h ago
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DPM Metals Inc.TSX:DPM Stock Report

Market Cap CA$12.8b
Updated 2h ago
Share Price
n/a
1Y98.9%
7D-4.5%
1D-0.8%
Portfolio Value
​
View

DPM Metals Inc.

TSX:DPM Stock Report

Market Cap: CA$12.8b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

DPM Metals (DPM) Stock Overview

A gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. More details

DPM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 84.6% below our estimate of its fair value

Earnings are forecast to grow 4.06% per year

Earnings grew by 160.9% over the past year

Risk Analysis

Shareholders have been substantially diluted in the past year


DPM Community Fair Values

Create Narrative

See what 60 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystHighTarget
23.4% undervalued intrinsic discount
AnalystHighTarget
•7d ago

Vareš Ramp Up And Coka Rakita Pipeline Will Transform Long Term Production Profile

44
0
5
AN
AnalystConsensusTarget
7.7% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

DPM: Future Production Gains Will Be Driven By Bosnia Asset Acquisition

551
0
27
AN
AnalystLowTarget
9.3% overvalued intrinsic discount
AnalystLowTarget
•3mo ago

Vareš Ramp Up And Serbian Permitting Risks Will Eventually Support Stronger Long Term Position

10
0
0

Top Analyst Narratives

AN
AnalystHighTarget
23.4% undervalued intrinsic discount
AnalystHighTarget
•7d ago

Vareš Ramp Up And Coka Rakita Pipeline Will Transform Long Term Production Profile

44
0
5
AN
AnalystConsensusTarget
7.7% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

DPM: Future Production Gains Will Be Driven By Bosnia Asset Acquisition

551
0
27
AN
AnalystLowTarget
9.3% overvalued intrinsic discount
AnalystLowTarget
•3mo ago

Vareš Ramp Up And Serbian Permitting Risks Will Eventually Support Stronger Long Term Position

10
0
0
View all narratives

DPM Metals Inc. Competitors

Eldorado Gold

Symbol: TSX:ELD
Market cap: CA$14.9b

Triple Flag Precious Metals

Symbol: TSX:TFPM
Market cap: CA$9.3b

OceanaGold

Symbol: TSX:OGC
Market cap: CA$9.1b

IAMGOLD

Symbol: TSX:IMG
Market cap: CA$15.7b

Price History & Performance

Summary of share price highs, lows and changes for DPM Metals
Historical stock prices
Current Share PriceCA$58.07
52 Week HighCA$72.54
52 Week LowCA$28.44
Beta1.33
1 Month Change-6.82%
3 Month Change23.37%
1 Year Change98.87%
3 Year Change582.37%
5 Year Change628.61%
Change since IPO4,366.92%

Recent News & Updates

User avatar
Narrative Update • Sep 08

DPM: Exploration Success And Production Delivery Are Expected To Drive Upside

Analysts have raised their fair value estimate for DPM Metals from CA$73.71 to CA$75.84, citing recent increases in Street price targets into the CA$67 to CA$71 range, along with updated assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research on DPM Metals points to a cluster of higher price targets, even as analysts acknowledge a tougher backdrop for gold prices and operating costs.
User avatar
Narrative Update • Aug 09

DPM: Brevene South Discovery And Execution Will Shape Balanced Repricing Potential

Analysts have raised their price targets on DPM Metals to a range of CA$59 to CA$71, citing expectations for stronger profit margins and a lower future P/E multiple, even as they account for softer revenue growth assumptions and a slightly higher discount rate. Analyst Commentary Recent research on DPM Metals highlights a mix of optimism on valuation and execution, alongside some caution around near term profitability.

Recent updates

User avatar
Narrative Update • Sep 08

DPM: Exploration Success And Production Delivery Are Expected To Drive Upside

Analysts have raised their fair value estimate for DPM Metals from CA$73.71 to CA$75.84, citing recent increases in Street price targets into the CA$67 to CA$71 range, along with updated assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research on DPM Metals points to a cluster of higher price targets, even as analysts acknowledge a tougher backdrop for gold prices and operating costs.
User avatar
Narrative Update • Aug 09

DPM: Brevene South Discovery And Execution Will Shape Balanced Repricing Potential

Analysts have raised their price targets on DPM Metals to a range of CA$59 to CA$71, citing expectations for stronger profit margins and a lower future P/E multiple, even as they account for softer revenue growth assumptions and a slightly higher discount rate. Analyst Commentary Recent research on DPM Metals highlights a mix of optimism on valuation and execution, alongside some caution around near term profitability.
User avatar
Narrative Update • Jul 24

DPM: Q2 Production Strength And New Discovery Are Expected To Drive Upside

Analysts have raised their price target on DPM Metals from CA$61 to CA$71. They cite updated assumptions around revenue growth, profit margins, and a lower future P/E multiple, while also factoring in recent gold price pressure and higher diesel costs.
User avatar
Narrative Update • Jul 07

DPM: Higher Fair Value Seen Supported By New Brevene South Discovery

Analysts have raised their fair value estimate for DPM Metals to CA$79.69 from CA$64.70 and increased Street price targets to a range of CA$59 to CA$71, citing updated assumptions for revenue growth, profit margins and future P/E in light of recent gold price moves and cost pressures. Analyst Commentary Analyst commentary on DPM Metals has recently centered on how the stock might handle a backdrop of softer gold prices and higher diesel costs, with several bullish analysts still seeing upside in the shares despite these pressures.
User avatar
Narrative Update • Jun 23

DPM: Brevene South Discovery Near Chelopech Will Drive Future Repricing Potential

The analyst price target for DPM Metals has been raised to CA$59 from CA$57, with analysts pointing to updated assumptions on fair value, discount rate, revenue growth, profit margins, and future P/E expectations as key supports for the change. What's in the News for DPM Metals DPM Metals reported a major discovery of high-grade gold copper porphyry mineralization at the Brevene South Porphyry target near the Chelopech mine, with drilling results including 713 metres at 2.52 g/t AuEq from hole EX_BRESPO_03, according to recent exploration updates.
User avatar
New Narrative • Jun 16

Vareš Ramp Up And Serbian Permitting Risks Will Eventually Support Stronger Long Term Position

Catalysts About DPM Metals DPM Metals is a European focused precious metals producer with operating mines and growth projects in Bulgaria, Serbia and Bosnia and Herzegovina. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 03

DPM: High Grade Chelopech Discoveries And Buybacks Will Support Future Repricing Potential

Analysts have nudged their price target on DPM Metals higher, with one recent update moving the target to CA$70 from CA$62. This reflects revised assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples.
User avatar
Narrative Update • May 01

DPM: Longer Mine Life And Buybacks Will Support Future Repricing Potential

The analyst price target for DPM Metals has increased to CA$70 from CA$62, reflecting recent target revisions from several firms, even as some analysts adopt a more cautious stance following the latest three-year outlook. Analyst Commentary Recent Street research on DPM Metals shows a mix of optimism on valuation and caution on execution after the latest three year outlook.
User avatar
Narrative Update • Apr 09

DPM: Longer Mine Life And Buybacks Will Support Future Repricing

The analyst price target for DPM Metals has increased to CA$70 from CA$62, with analysts citing updated assumptions around revenue growth, profit margins and future P/E as the main reasons for the change. Analyst Commentary Recent Street research on DPM Metals reflects a mix of optimism and caution, with several firms adjusting price targets and at least one downgrade following the latest multi year outlook.
User avatar
Narrative Update • Mar 26

DPM: Longer Mine Life And Buybacks Will Support Future Cash Flow

The analyst price target for DPM Metals has increased to CA$70 from CA$62, as several firms cite updated assumptions for revenue growth, profit margins, and future P/E multiples in their models. However, one broker has shifted to a more cautious stance with a Neutral rating.
User avatar
Narrative Update • Mar 11

DPM: Serbian Mine Life Extension And Buybacks Will Support Future Cash Flow

The analyst price target for DPM Metals has increased by roughly CA$1 to CA$60.32. Analysts point to higher projected profit margins and a slightly richer future P/E multiple, even as they moderate revenue growth expectations and apply a marginally higher discount rate.
User avatar
Narrative Update • Feb 25

DPM: Serbian And Bulgarian Mines Will Support Future Cash Flow Stability

Analysts have raised their average price target on DPM Metals by roughly CA$2, citing updated fair value estimates, a slightly lower discount rate, more conservative assumptions for revenue growth and profit margins, and a higher future P/E multiple reflected in recent Street research. Analyst Commentary Recent Street research on DPM Metals reflects a mix of optimism and caution, with several firms updating their models and target prices following new outlooks and scenario work.
User avatar
Narrative Update • Feb 09

DPM: Serbian And Bulgarian Mines Will Support Future Cash Flow Upside

The analyst price target for DPM Metals has shifted from C$50.14 to C$57.54. Analysts cite updated assumptions for revenue growth, profit margins and future P/E, along with recent target increases from major Canadian banks, as key reasons for the change.
Analysis Article • Jan 29

After Leaping 29% DPM Metals Inc. (TSE:DPM) Shares Are Not Flying Under The Radar

Despite an already strong run, DPM Metals Inc. ( TSE:DPM ) shares have been powering on, with a gain of 29% in the last...
User avatar
New Narrative • Jan 29

Vareš Ramp Up And Coka Rakita Pipeline Will Transform Long Term Production Profile

Catalysts About DPM Metals DPM Metals is a mid tier precious metals producer with a portfolio of gold and copper mining and development assets. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jan 26

DPM: Serbian And Bulgarian Assets Will Underpin Future Cash Flow And Capital Returns

Narrative Update on DPM Metals The analyst price target for DPM Metals has moved from C$46.37 to C$50.14, with analysts citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E in recent research from firms such as Scotiabank and Canaccord. Analyst Commentary Recent research on DPM Metals focuses on how updated fair value work, discount rate assumptions, revenue growth expectations, profit margin forecasts and future P/E estimates line up with the higher price targets around C$50.14.
User avatar
Narrative Update • Jan 11

DPM: Serbian And Bulgarian Assets Will Support Future Cash Flow Stability

Analysts have raised their price target on DPM Metals to C$46 from C$34. The change reflects updated assumptions around fair value and future P/E that support a slightly higher valuation for the shares.
Analysis Article • Dec 26

A Look At The Intrinsic Value Of DPM Metals Inc. (TSE:DPM)

Key Insights The projected fair value for DPM Metals is CA$38.81 based on 2 Stage Free Cash Flow to Equity With...
User avatar
Narrative Update • Dec 16

DPM: Serbian And Bulgarian Projects Will Drive Stronger Cash Flow Ahead

The analyst price target for DPM Metals has been raised from roughly C$42 to about C$46, reflecting expectations of faster revenue growth, stronger profit margins, and a lower future price-to-earnings multiple supporting a higher fair value estimate. Analyst Commentary Recent Street research signals a constructive shift in sentiment toward DPM Metals, with multiple price target increases and new coverage reinforcing confidence in the company’s strategic trajectory and earnings power.
User avatar
Narrative Update • Dec 01

DPM: Recent Acquisition and Project Developments Will Support Balanced Returns Ahead

The analyst price target for DPM Metals has increased modestly, reflecting improved profit margin forecasts and stronger revenue growth expectations according to recent analyst research. Analyst Commentary Recent analyst updates for DPM Metals reflect a range of perspectives on the company’s outlook, with several firms revising their price targets upward and reaffirming positive coverage.
Analysis Article • Nov 30

DPM Metals Inc. (TSE:DPM) Looks Just Right With A 30% Price Jump

Despite an already strong run, DPM Metals Inc. ( TSE:DPM ) shares have been powering on, with a gain of 30% in the last...
Analysis Article • Nov 20

Shareholders Will Be Pleased With The Quality of DPM Metals' (TSE:DPM) Earnings

When companies post strong earnings, the stock generally performs well, just like DPM Metals Inc.'s ( TSE:DPM ) stock...
User avatar
Narrative Update • Nov 17

DPM: Production Expansion and Recent Acquisition Will Drive Stronger Returns

The analyst price target for DPM Metals has been raised by analysts, with increases ranging from C$5 to as much as C$12. This reflects their view that the company's improved production outlook and recent acquisitions support higher valuations, despite softer profit margins and moderated growth expectations.
User avatar
Narrative Update • Nov 03

DPM: Future Production Gains Will Be Driven By Bosnia Asset Acquisition

The analyst price target for DPM Metals has been raised significantly, with new estimates reflecting an increase from approximately C$34 to $37 and potentially as high as C$46 to $106, as analysts cite stronger revenue growth expectations, improved profit margins, and an enhanced production outlook following recent company updates and acquisitions. Analyst Commentary Analysts have recently provided a range of updated perspectives on DPM Metals, reflecting changes in the company’s strategic position and future prospects.
User avatar
Narrative Update • Oct 20

Future Gold Production May Increase By 2028, But Revenue Declines And Cost Pressures Could Impact Earnings

The consensus analyst price target for DPM Metals has increased significantly. It has risen from approximately $33.44 to $37.11, as analysts cite higher expected revenue growth and an improved production outlook following recent acquisitions.
User avatar
Narrative Update • Oct 05

Future Gold Production May Increase By 2028, But Revenue Declines And Cost Pressures Could Impact Earnings

The analyst price target for DPM Metals has increased from C$30.79 to C$33.44. Analysts cite improved revenue growth, significant profit margin expansion, and a strengthened production outlook following recent sector developments.
User avatar
Narrative Update • Sep 19

Future Gold Production May Increase By 2028, But Revenue Declines And Cost Pressures Could Impact Earnings

DPM Metals' analyst price target has risen to CA$30.79, driven by the successful acquisition of Adriatic Metals plc and strengthened production outlook, supporting further valuation expansion and sector outperformance. Analyst Commentary Bullish analysts cite the completed acquisition of Adriatic Metals plc, with the addition of the Vares mine significantly strengthening DPM’s production profile and long-term outlook.
User avatar
Narrative Update • Sep 04

Future Gold Production May Increase By 2028, But Revenue Declines And Cost Pressures Could Impact Earnings

Despite sharply lower revenue growth forecasts, a substantial improvement in net profit margin has driven a modest increase in DPM Metals’ consensus analyst price target to CA$28.42. What's in the News Dundee Precious Metals Inc.
User avatar
Narrative Update • Aug 07

Future Gold Production May Increase By 2028, But Revenue Declines And Cost Pressures Could Impact Earnings

Dundee Precious Metals’ fair value has been significantly revised upward, primarily driven by a substantial improvement in forecast revenue growth despite a lower net profit margin, resulting in a higher consensus price target of CA$27.51. What's in the News Dundee Precious Metals completed a share buyback of 2,431,548 shares (1.44%) for $31.2 million.

Shareholder Returns

DPMCA Metals and MiningCA Market
7D-4.5%-4.6%-2.0%
1Y98.9%43.1%22.3%

Return vs Industry: DPM exceeded the Canadian Metals and Mining industry which returned 43.1% over the past year.

Return vs Market: DPM exceeded the Canadian Market which returned 22.3% over the past year.

Price Volatility

Is DPM's price volatile compared to industry and market?
DPM volatility
DPM Average Weekly Movement8.0%
Metals and Mining Industry Average Movement10.7%
Market Average Movement9.3%
10% most volatile stocks in CA Market16.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: DPM has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: DPM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aDavid Raewww.dpmmetals.com

DPM Metals Inc., a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. It primarily explores gold, copper, and silver deposits. The company holds a portfolio of projects located in Bulgaria, Bosnia and Herzegovina, Serbia, and Ecuador.

DPM Metals Inc. Fundamentals Summary

How do DPM Metals's earnings and revenue compare to its market cap?
DPM fundamental statistics
Market capCA$12.84b
Earnings (TTM)CA$903.68m
Revenue (TTM)CA$1.80b
14.1x
P/E Ratio
7.1x
P/S Ratio

Is DPM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DPM income statement (TTM)
RevenueUS$1.29b
Cost of RevenueUS$366.01m
Gross ProfitUS$925.74m
Other ExpensesUS$276.46m
EarningsUS$649.28m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.96
Gross Margin71.67%
Net Profit Margin50.26%
Debt/Equity Ratio0%

How did DPM perform over the long term?

See historical performance and comparison

Dividends

0.4%
Current Dividend Yield
5%
Payout Ratio

Does DPM pay a reliable dividends?

See DPM dividend history and benchmarks
When do you need to buy DPM by to receive an upcoming dividend?
DPM Metals dividend dates
Ex Dividend DateSep 29 2026
Dividend Pay DateOct 15 2026
Days until Ex dividend13 days
Days until Dividend pay date29 days

Does DPM pay a reliable dividends?

See DPM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 21:46
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DPM Metals Inc. is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael KozakATB Cormark Historical (Cormark Securities)
Bereket BerheBeacon Securities Limited
Raj RayBMO Capital Markets Equity Research

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