Dundee Precious Metals First Quarter 2024 Earnings: Beats Expectations

Dundee Precious Metals (TSE:DPM) First Quarter 2024 Results

Key Financial Results

• Revenue: US$123.8m (down 21% from 1Q 2023).
• Net income: US$39.4m (down 15% from 1Q 2023).
• Profit margin: 32% (up from 30% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.22 (down from US$0.25 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dundee Precious Metals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 2.7% from a week ago.

Valuation

Dundee Precious Metals' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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