DPM METALS INC (DPM)
Share Price Analysis and Chart

16/06/2026

1

Outperform

$55.00

(08/07/2026)

15.55%

Macquarie updates methodology and upgrades its short-term gold outlook, noting the yellow metal has had a turbulent 2026 as the Iran conflict has driven inflationary pressures.

The broker adopts a market-based price forecast for 18 months before mean reverting to the prior outlook in 2029. Outperform rating retained for DPM Metals while the target falls to $56 from $59.

FORECAST
Macquarie forecasts a full year FY26 dividend of 23.50 cents and EPS of 469.82 cents.
Macquarie forecasts a full year FY27 dividend of 23.50 cents and EPS of 483.62 cents.

13/07/2026

1

Buy

-

-

Canaccord Genuity maintains a Buy rating for DPM Metals with a CA$77.00 target price following preliminary Q2/26 production results that exceeded the broker estimate by 31%.

Gold equivalent production reached 102.0koz, driven by stronger-than-expected throughput at Vares where the planned maintenance shutdown was completed in seven days instead of twenty.

Management maintained annual guidance. Based on year-to-date performance, the analyst believes DPM is tracking towards the upper end of its production range.

DPM Metals shares trade at a valuation of 0.66x NAV and 6.1x 2027E EBITDA, and Canaccord suggests a premium to intermediate producer peers is warranted given its self-funded growth profile and robust balance sheet.

Crucial upcoming catalysts include Q2/26 financial results scheduled for release on 30 July 2026.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 33.78 cents and EPS of 494.93 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 16.00 cents and EPS of 397.00 cents.