Dundee Precious Metals Inc (DPM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dundee Precious Metals Inc stock C$51.43, price C$55.01, that is 6.5% below the price, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range C$5.02 – C$70.15 · fair‑value band C$36.01 – C$66.87 · the C$55.01 price screens above the C$51.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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DPM Metals Inc., a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. It primarily explores gold, copper, and silver deposits. The company holds a portfolio of projects located in Bulgaria, Bosnia and Herzegovina, Serbia, and Ecuador.
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The company was formerly known as Dundee Precious Metals Inc. and changed its name to DPM Metals Inc. in September 2025. DPM Metals Inc. is based in Toronto, Canada.
Stock analysis
Dundee Precious Metals Inc (DPM) currently trades at C$55.01, while our model-based Fair Value estimate is C$51.43, so the stock looks roughly fairly valued today (gap 7.0%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$86.56 per share, and 8 of the 25 models we run sit above the C$55.01 price.
Bear case: the Economic Profit group reads lowest at C$27.08, and 17 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$36.01 (bear) to C$66.87 (bull), the price of C$55.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Dundee Precious Metals Inc reported revenue of $950M in FY2025 versus $608M in FY2021, a compound +11.8%/yr. Reported net income was $369M in FY2025, compounding +18.6%/yr from FY2021.
Key figures
Market cap C$12.2B (≈ $8.6B) Mid · P/E ratio 12.9 · P/S ratio 5.00 · EPS (TTM) C$4.27 · Dividend yield 0.4% · Net margin 38.8% · Return on equity 31.3% · Return on assets (EBIT) 15.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 86% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −6%, DPM screens cheaper than that median.
Fair Value models
BearC$36.01Fair Value C$51.43BullC$66.87
Price C$55.01 · Downside -6.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$3.46 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCFC$52.46C$92.90C$163.8977
Growth DCFC$51.25C$86.56C$142.4476
Residual IncomeC$15.69C$19.68C$30.0475
All 25 models by family
DCF Models
FCF DCFC$52.46C$92.90C$163.8977
Owner EarningsC$49.22C$87.83C$153.3274
5Y Revenue ExitC$24.15C$32.71C$43.0074
5Y EBITDA ExitC$35.89C$58.02C$85.8274
5Y P/E ExitC$38.56C$63.78C$93.1470
10Y Revenue ExitC$33.58C$45.45C$61.7467
10Y EBITDA ExitC$41.29C$63.43C$97.1267
10Y P/E ExitC$43.00C$67.53C$103.1863
Earnings-Based
Graham-DoddC$16.17C$87.10C$120.7163
Lynch FVC$24.10C$34.43C$44.7661
PEG = 1.0C$24.10C$34.43C$44.7657
EPVC$23.89C$26.92C$29.4874
Dividend Discount
Gordon GGMC$1.56C$2.94C$4.2267
DDM Multi-StageC$1.56C$2.62C$3.1367
Multiples
P/E MultipleC$30.32C$40.42C$50.5363
P/S MultipleC$6.89C$9.18C$11.4858
P/B MultipleC$13.75C$18.34C$22.9255
EV/EBITC$32.23C$41.93C$51.6366
EV/EBITDAC$29.10C$37.76C$46.4267
EV/RevenueC$9.55C$12.31C$15.0654
Asset-Based
NCAV (Graham)C$1.28C$1.93C$2.4254
Growth DCF
Growth DCFC$51.25C$86.56C$142.4476
Economic Profit
Residual IncomeC$15.69C$19.68C$30.0475
ROIC CompounderC$26.63C$34.48C$44.6872
Growth Earnings
Growth-Adj P/EC$31.95C$45.64C$59.3467
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+67.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2020 (pandemic). Over 10 years: +16.4% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.37% → 45%
2025 sits 91% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.0%
Yearly sales growth analysts expect, extended to five years.
The revenue jump in 2026 (+39.7%) comes with 18% more shares (acquisition or merger paid in stock). Per share it is about +18.3%. The comparison above is unreliable in such a year.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +0.3% a year for the price and +9.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The business benefits from solid margins and zero debt yet faces limited moat visibility due to thin public signals and commodity pricing constraints.
Main risk: Ongoing court proceedings and regulatory actions in Ecuador could result in prolonged suspension or permanent closure of the Loma Larga project, which could hit future production growth.
Bull case: The company could overcome the Loma Larga issues by focusing on its established Bulgarian operations and new Balkan discoveries to sustain and grow production without the Ecuador project.
Bear case: If the Loma Larga project faces permanent closure due to regulatory hurdles, the company might struggle to replace maturing assets elsewhere, leading to production gaps in coming years.
Vareš continues to exceed its ramp-up targets and is now expected to surpass 2026 guidance, while development of twin declines into the Wedge Zone at Chelopech is set to begin by year-end. These steps aim to add near-term production and extend mine life at an established operation. Will the combined effect fully offset maturing assets elsewhere, or will project timing still create gaps?
Compare Dundee Precious Metals Inc with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 202 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−6.5% · Above median
Profitability
Return on equity (12 months)31.3% · Top 25%
Return on assets12.0% · Above median
Net margin (12 months)50.3% · Top 25%
Operating margin (12 months)64.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)93.9% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Gold median · lower = cheaper
P/E (12 months)12.9× · Pricier than median
P/B3.35× · Pricier than median
P/S (12 months)6.67× · Pricier than median
Price / free cash flow (fiscal year)13.6× · Cheaper than median
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Is Dundee Precious Metals Inc (DPM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of C$51.43 versus a price of C$55.01, about 6% lower (fairly valued).
What is the fair value of DPM?
Our model-based fair value for Dundee Precious Metals Inc is C$51.43 (as of Nov 8, 2026), built from audited fundamentals. The current price: C$55.01.
What is the quality score of DPM?
Dundee Precious Metals Inc has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dundee Precious Metals Inc (DPM)?
Our model-based price target is the fair value of C$51.43 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario C$36.01, optimistic scenario C$66.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Dundee Precious Metals Inc stock forecast for 2026?
Our models put fair value at C$51.43, about 6% lower versus a price of C$55.01 (fairly valued). Cautious scenario C$36.01, optimistic scenario C$66.87. The calculation is refreshed regularly with new filings.
What is the revenue of Dundee Precious Metals Inc (DPM)?
Dundee Precious Metals Inc reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Nov 8, 2026).
Does Dundee Precious Metals Inc pay a dividend?
Dundee Precious Metals Inc currently shows a dividend yield of 0.41% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Dundee Precious Metals Inc (DPM) and when is the ex-dividend date?
Dundee Precious Metals Inc pays a dividend of C$0.223 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 9.4% of earnings. Free cash flow covers the dividend 18.25 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Dundee Precious Metals Inc (DPM)?
For today's price to be fair in a discounted-cash-flow model, Dundee Precious Metals Inc would have to grow free cash flow by +2.7 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DPM use?
Our models discount Dundee Precious Metals Inc at 10.3 %: a base by market capitalisation (mid), damped by beta 1.32, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dundee Precious Metals Inc that is +2.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Dundee Precious Metals Inc (DPM) delivered so far?
Over the past 5 years revenue at Dundee Precious Metals Inc grew +8.4 % a year. The price currently implies free-cash-flow growth of +2.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dundee Precious Metals Inc (DPM) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Dundee Precious Metals Inc (+2.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dundee Precious Metals Inc (DPM)?
The free-cash-flow yield on the price is 7.34 %: that much free cash flow Dundee Precious Metals Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dundee Precious Metals Inc (DPM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dundee Precious Metals Inc it is C$51.43 per share (as of Nov 8, 2026), against a price of C$55.01. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dundee Precious Metals Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DPM trades above its calculated fair value: price C$55.01, fair value C$51.43, a gap of about −6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DPM?
No. The price is what the market pays today (C$55.01); the fair value is what the company's own numbers justify (C$51.43). For Dundee Precious Metals Inc the two are C$3.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dundee Precious Metals Inc worth?
The market values Dundee Precious Metals Inc at about C$12.2B (market capitalisation, as of Nov 8, 2026). Per share that is C$55.01; our models calculate a fair value of C$51.43 per share.
What do the bullish and bearish scenarios say about DPM?
Our models span a range for Dundee Precious Metals Inc: cautious scenario C$36.01, base C$51.43, optimistic C$66.87 per share (as of Nov 8, 2026, price C$55.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DPM?
Dundee Precious Metals Inc trades at a price-to-earnings ratio of 12.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$51.43 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 10.2. Other multiples: PEG 0.0, P/B 3.4, P/S 6.7, EV/EBITDA 9.4.
What is the PEG ratio of DPM?
The PEG ratio of Dundee Precious Metals Inc is 0.01 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Dundee Precious Metals Inc (DPM)?
Balance-sheet figures for Dundee Precious Metals Inc (as of Nov 8, 2026): return on equity 31.3%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is DPM from its 52-week high?
Dundee Precious Metals Inc trades at C$55.01, about 22% below its 52-week high of C$70.15 and 86% above the low of C$29.57 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$51.43 is for.
Which stocks are comparable to Dundee Precious Metals Inc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dundee Precious Metals Inc stock attractive at the current price?
The data as of Nov 8, 2026: price C$55.01, calculated fair value C$51.43 (−6%), Quality Score 59/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DPM calculated?
We run Dundee Precious Metals Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$51.43 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Dundee Precious Metals Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dundee Precious Metals Inc (DPM)?
The closing price on Nov 6, 2026 was C$55.01. Our model-based fair value is C$51.43, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dundee Precious Metals Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (C$36.01 to C$66.87) leaves room in how you read the outcome.
Key figures of Dundee Precious Metals Inc
How large is the market capitalisation of Dundee Precious Metals Inc (DPM)?
The market capitalisation of Dundee Precious Metals Inc is C$12.2B (≈ $8.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dundee Precious Metals Inc (DPM)?
The price-to-sales ratio of Dundee Precious Metals Inc is 5.00 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dundee Precious Metals Inc (DPM)?
Earnings per share at Dundee Precious Metals Inc are C$4.27 (price ÷ EPS = P/E 12.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dundee Precious Metals Inc (DPM)?
The dividend yield of Dundee Precious Metals Inc is 0.4% (payout 5.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dundee Precious Metals Inc (DPM)?
The net margin of Dundee Precious Metals Inc is 38.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dundee Precious Metals Inc (DPM)?
The return on equity (ROE) of Dundee Precious Metals Inc is 31.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dundee Precious Metals Inc (DPM)?
On an EBIT basis the return on assets of Dundee Precious Metals Inc is 15.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dundee Precious Metals Inc (DPM)?
The operating margin of Dundee Precious Metals Inc is 64.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dundee Precious Metals Inc (DPM)?
Revenue at Dundee Precious Metals Inc is growing +93.9% versus a year earlier (3y avg +31.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dundee Precious Metals Inc (DPM)?
Earnings per share at Dundee Precious Metals Inc are growing +112% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dundee Precious Metals Inc (DPM) hold?
Dundee Precious Metals Inc holds more cash than debt, $485M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026