Dundee Precious Metals Q2 adjusted profit beats estimates
Overview
Dundee Precious Metals Q2 adjusted EPS beats analyst expectations, per LSEG data
Adjusted EBITDA for Q2 missed consensus estimates, per LSEG data
Co, on June 13, announced acquisition of Adriatic Metals, enhancing growth profile
Outlook
DPM on track to meet 2025 production guidance
Company reconfirms 2025 all-in sustaining cost of $780-$900/oz gold
Čoka Rakita feasibility study on track for year-end 2025 completion
DPM plans $40-$45 mln growth capex for Čoka Rakita in 2025
Result Drivers
HIGHER GOLD GRADES - Increased gold grades at Chelopech contributed to higher production, offsetting lower volumes processed
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $186.50 mln |
|
Q2 Adjusted EPS | Beat | $0.52 | $0.47 (6 Analysts) |
Q2 Adjusted Net Income |
| $87.60 mln |
|
Q2 Net Income |
| $82.40 mln |
|
Q2 Adjusted EBITDA | Miss | $114.10 mln | $115.40 mln (1 Analyst) |
Q2 Free Cash Flow |
| $94.60 mln |
|
Q2 Pretax Profit |
| $92 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Dundee Precious Metals Inc is C$26.50, about 15.1% above its July 30 closing price of C$22.50
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX286Dd8
