Stifel Canada Has Optimistic View of TSE:DPM FY2024 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Equities researchers at Stifel Canada upped their FY2024 EPS estimates for shares of Dundee Precious Metals in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings per share of $1.86 for the year, up from their prior forecast of $1.83. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. Stifel Canada also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.18 EPS and FY2026 earnings at $1.46 EPS.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%.

A number of other research analysts have also issued reports on DPM. BMO Capital Markets increased their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday. CIBC raised their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research note on Thursday, December 19th. Finally, Scotiabank lifted their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th.

Dundee Precious Metals Stock Up 1.1 %

Shares of DPM opened at C$15.33 on Friday. The firm has a market cap of C$2.76 billion, a P/E ratio of 10.09, a PEG ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$15.45. The stock’s 50 day moving average is C$13.62 and its two-hundred day moving average is C$13.31. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals Company Profile

Dundee Precious 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, Namibia, Serbia, and Ecuador.