DPM Metals Management
Management criteria checks 3/4
DPM Metals' CEO is David Rae, appointed in May 2020, has a tenure of 6.33 years. total yearly compensation is $3.49M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth CA$10.46M. The average tenure of the management team and the board of directors is 2.9 years and 5.5 years respectively.
Key information
David Rae
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 18.85% |
| CEO tenure | 6yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.9yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
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.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.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.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.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.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.After Leaping 29% DPM Metals Inc. (TSE:DPM) Shares Are Not Flying Under The Radar
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?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.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.A Look At The Intrinsic Value Of DPM Metals Inc. (TSE:DPM)
Dec 26DPM: 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.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.DPM Metals Inc. (TSE:DPM) Looks Just Right With A 30% Price Jump
Nov 30Shareholders Will Be Pleased With The Quality of DPM Metals' (TSE:DPM) Earnings
Nov 20DPM: 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.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.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.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.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.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.Sentiment Still Eluding DPM Metals Inc. (TSE:DPM)
Sep 03Future 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.We Ran A Stock Scan For Earnings Growth And Dundee Precious Metals (TSE:DPM) Passed With Ease
Jun 27
New Discoveries At Coka Rakita Will Expand Future Production
Exploration success and strategic asset management potentially drive production growth, improve margins, and bolster future earnings with robust economic returns.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$3m | US$659k | US$369m |
| Sep 30 2025 | n/a | n/a | US$299m |
| Jun 30 2025 | n/a | n/a | US$249m |
| Mar 31 2025 | n/a | n/a | US$237m |
| Dec 31 2024 | US$3m | US$591k | US$243m |
| Sep 30 2024 | n/a | n/a | US$209m |
| Jun 30 2024 | n/a | n/a | US$199m |
| Mar 31 2024 | n/a | n/a | US$178m |
| Dec 31 2023 | US$3m | US$589k | US$182m |
| Sep 30 2023 | n/a | n/a | US$244m |
| Jun 30 2023 | n/a | n/a | US$150m |
| Mar 31 2023 | n/a | n/a | US$133m |
| Dec 31 2022 | US$2m | US$554k | US$117m |
| Sep 30 2022 | n/a | n/a | US$55m |
| Jun 30 2022 | n/a | n/a | US$163m |
| Mar 31 2022 | n/a | n/a | US$197m |
| Dec 31 2021 | US$3m | US$561k | US$191m |
| Sep 30 2021 | n/a | n/a | US$189m |
| Jun 30 2021 | n/a | n/a | US$194m |
| Mar 31 2021 | n/a | n/a | US$175m |
| Dec 31 2020 | US$2m | US$449k | US$200m |
| Sep 30 2020 | n/a | n/a | US$63m |
| Jun 30 2020 | n/a | n/a | US$14m |
| Mar 31 2020 | n/a | n/a | -US$17m |
| Dec 31 2019 | US$1m | US$342k | -US$65m |
Compensation vs Market: David's total compensation ($USD3.49M) is about average for companies of similar size in the Canadian market ($USD4.14M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
CEO
David Rae (64 yo)
6yrs
Tenure
US$3,494,732
Compensation
Mr. David Rae has been President and Chief Executive Officer of DPM Metals Inc. (formerly known as Dundee Precious Metals Inc.) since May 07, 2020. He has been Director of DPM Metals Inc. (formerly known a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6yrs | US$3.49m | 0.10% CA$ 10.5m | |
| Executive VP & CFO | 3.5yrs | US$1.51m | 0.032% CA$ 3.3m | |
| Executive VP & COO | 2.3yrs | US$1.32m | 0.032% CA$ 3.3m | |
| Executive VP of Corporate Affairs | 8.7yrs | US$1.26m | 0.0064% CA$ 666.6k | |
| Executive Vice President of Corporate Development | 1.9yrs | US$1.37m | no data | |
| Vice President of Supply Chain & Technology | 1.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Human Resources | 8yrs | no data | no data | |
| General Manager of Exploration | no data | no data | no data | |
| Senior Vice President of Capital Projects & Evaluations | less than a year | no data | no data | |
| VP of Finance & Global Controller | no data | no data | no data | |
| Director of Corporate Technical Services | no data | no data | no data |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Management: DPM's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.3yrs | US$3.49m | 0.10% CA$ 10.5m | |
| Independent Director | 5.3yrs | US$204.00k | 0.0026% CA$ 270.6k | |
| Independent Director | 10.5yrs | US$190.54k | no data | |
| Independent Director | 4yrs | US$205.73k | no data | |
| Independent Chairman | 9.3yrs | US$231.07k | 0.0058% CA$ 601.9k | |
| Independent Director | 5.5yrs | US$195.98k | 0.0021% CA$ 219.4k | |
| Independent Director | 2.4yrs | US$192.70k | no data |
5.5yrs
Average Tenure
64yo
Average Age
Experienced Board: DPM's board of directors are considered experienced (5.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 19:55 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 19 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Kozak | ATB Cormark Historical (Cormark Securities) |
| Bereket Berhe | Beacon Securities Limited |
| Raj Ray | BMO Capital Markets Equity Research |