Dundee Precious Metals (TSE:DPM) First Quarter 2024 Results
Key Financial Results
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Revenue: US$123.8m (down 21% from 1Q 2023).
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Net income: US$39.4m (down 15% from 1Q 2023).
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Profit margin: 32% (up from 30% in 1Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$0.22 (down from US$0.25 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dundee Precious Metals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 32%.
Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%.
Performance of the Canadian Metals and Mining industry.
The company’s shares are up 1.2% from a week ago.
Valuation
Our analysis of Dundee Precious Metals based on 6 different valuation metrics shows it might be undervalued. Click here to view our comprehensive analysis and gain insights into the stock’s investment prospects.
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