Scotiabank Has Negative Outlook for TSE:DPM FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Dundee Precious Metals to $4.93 from $4.95, while the market consensus for the year sits at $1.90 per share.
• Multiple brokers have raised price targets and the stock carries an average "Buy" rating with an average price target of C$56.11, versus the recent share price around C$48.23.
• Dundee reported C$1.06 EPS and C$471.86M revenue for the latest quarter, showing strong profitability (net margin ~42%, ROE ~19.8%) and a net cash position of C$763 million while producing roughly 200,000 ounces of gold annually.

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Dundee Precious Metals in a note issued to investors on Thursday, April 23rd. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings of $4.93 per share for the year, down from their previous estimate of $4.95. The consensus estimate for Dundee Precious Metals' current full-year earnings is $1.90 per share.

Dundee Precious Metals (TSE:DPM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The mining company reported C$1.06 earnings per share for the quarter. The company had revenue of C$471.86 million during the quarter. Dundee Precious Metals had a return on equity of 19.82% and a net margin of 42.07%.

Other research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce boosted their price target on Dundee Precious Metals from C$58.00 to C$64.00 in a report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on shares of Dundee Precious Metals from C$46.00 to C$63.00 in a research note on Thursday, March 12th. TD Securities boosted their price objective on shares of Dundee Precious Metals from C$42.00 to C$57.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group boosted their price objective on shares of Dundee Precious Metals from C$62.00 to C$70.00 in a research note on Friday, March 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Dundee Precious Metals from C$46.00 to C$61.00 in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$56.11.

Dundee Precious Metals Trading Down 1.9%

Shares of DPM opened at C$48.23 on Tuesday. The stock has a fifty day moving average of C$51.42 and a two-hundred day moving average of C$44.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.61 and a current ratio of 3.58. The company has a market capitalization of C$10.69 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.04 and a beta of 1.48. Dundee Precious Metals has a fifty-two week low of C$17.37 and a fifty-two week high of C$60.13.

Insider Activity

In other news, insider William John Jr. Decooman sold 7,671 shares of the business's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of C$50.20, for a total transaction of C$385,084.20. 0.16% of the stock is owned by corporate insiders.

Dundee Precious Metals Company Profile

DPM Metals engages in the acquisition, exploration, development, mining, and processing of precious metals, primarily focusing on gold, copper, and silver deposits. The company produces approximately 200,000 ounces of gold annually and is among the lowest-cost gold producers globally. DPM Metals maintains a strong financial position with $763 million in net cash as of March 2025 and has returned over $260 million to shareholders since 2020.

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