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Dundee Precious Metals Inc. (DPM.TO)
Financials 
Technical Analysis 
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Premium contentDundee is nowhere as large as Barrick, Franco Nevada or Agnico Eagle, which comprise a third of the Canadian materials sector, but it has outperformed it so far in 2024. Dundee shares have rallied 8.5% in this time period while Barrick is down over 16%. Also, Dundee holds more potential upside. Consensus sales estimates are 15% and EPS 28% for the coming year. Dundee's cash flow yield is a comfy 11%. Recently, the company bought Osino Resources to enhance its portfolio of gold operations.
DPM's acquisition of Osino Resources is expected to add Osino's high-quality, long-life Twin Hills open pit gold project, as well as an extensive exploration portfolio in Namibia to DPM's existing portfolio of assets. The total purchase price is roughly $287M, funded through a mix of equity and cash. We think the deal will add value to the company as it's acquisition is in a mining-friendly jurisdiction.
DPM is a smaller company ($1.5B market cap), but its fundamentals are quite strong. It pays a dividend yield of 1.9%, and has a 4.5% buyback yield, for a shareholder yield of 6.4%. Its sales and earnings have grown nicely over the past several years, it has almost no debt, generates a good free cash flow yield of 11%, and has a strong balance sheet. If the price of gold continues to move higher, we feel that DPM is a fundamentally strong miner in the space, and can perform well in the coming years. We would be comfortable with DPM as a longer-term hold.
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DPM is now trading at 7.0x times' Forward P/E. In the 4Q, DPM’s revenue declined -8% to $152.9M, compared to last year of $166.4M and EPS wass $0.24, beating estimates of $0.20.
The balance sheet is strong, with net cash of $419M. Trailing twelve-month cash flow declined around -8% compared to $253M last year.
Based on consensus estimates, sales are expected to grow by 15%, while EPS is expected to grow by 28% next year.
The company has been executing really well.
The company has been growing and returning capital (dividends and buybacks) over the last few years, DPM also recently updated its three-year outlook with strong production levels – 270,000 per year, improved cost structures and lower capex spending.
We think the recent earnings report is solid.
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Peter Imhof
It is Canadian domiciled and European focused and does not attract a lot of investors from either continent. He likes it.
Rick RuleHas a good mine. The main focus by the company over the last couple of years has been on their smelter. They have one in Namibia, which they were required to upgrade a couple of years ago to make it more environmentally friendly. Sort of at the tail end of getting that up and running. Good management.
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Dundee Precious Metals Inc. (DPM.TO) Frequently Asked Questions
What is Dundee Precious Metals Inc. stock symbol?
Dundee Precious Metals Inc. is a Canadian stock, trading under the symbol DPM.TO (previously DPM-T on Stockchase) on the Toronto Stock Exchange (DPM-CT). It is usually referred to as TSX:DPM or DPM.TO
Is Dundee Precious Metals Inc. a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on DPM.TO (previously DPM-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Dundee Precious Metals Inc..
Is Dundee Precious Metals Inc. a good investment or a top pick?
Dundee Precious Metals Inc. was recommended as a Top Pick by David Burrows on 2026-08-27. Read the latest stock experts ratings for Dundee Precious Metals Inc..
Why is Dundee Precious Metals Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Dundee Precious Metals Inc..
Is Dundee Precious Metals Inc. worth watching?
Dundee Precious Metals Inc. is followed by 80 investors on Stockchase and is a trending stock that is worth watching.
What is Dundee Precious Metals Inc. stock price?
On 2026-08-27, Dundee Precious Metals Inc. (DPM.TO) stock closed at a price of $67.16.
Gold/silver producer. Mines overseas in Bulgaria, Bosnia, and Serbia and in Equador. Poster child of what he looks for. Fortress balance sheet. Great growth. Debt free, liquidity of ~$1.2B. Lots of firepower to fund future growth. Generates a lot of free cash, and idea is to return capital to shareholders.
(Analysts’ price target is $64.00)A leading stock should be like a cork; pull it down under the water, let go, and it should pop right back to the surface. After the senior gold producers pulled back between February and July, and then turned up, this stock immediately made new highs. Yield is 0.33%.