Loading…
Canadian gold-copper miner operating Chelopech and Ada Tepe in Bulgaria, developing Timok in Serbia.
Canadian gold-copper miner operating Chelopech and Ada Tepe in Bulgaria, developing Timok in Serbia.
Sells gold-copper concentrate from Chelopech to smelters under contracts that pay for the metal content less processing charges, and gold doré from Ada Tepe, so results follow gold and copper prices and mine grades. Bulgaria is the producing base today, with Timok in Serbia the next mine being built.
Moat: narrow (installed base, process know-how). Decades of underground mining expertise in the Balkans on hard-to-replicate permitted assets.
Headquarters: Toronto, Canada · Employees: 2,198
Size DPM Metals (DPM.TO) is a Canada Materials company (Precious Metals) with a market value of $8.61B, the 82nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$55.01 on 6 Nov 2026.
Performance Over six months the shares gained 18.3%, against -4.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 96.0% over the last twelve months (peer median +54.2%); the operating margin is 55.0% (peer median 45.2%).
Valuation It trades at 10.1× forward earnings against a peer median of 11.5× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.0 points above its cost of capital (10.3% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.72B | C$1.23B | C$807M | C$682M | C$567M |
| Revenue growth | — | +52% | +18% | +20% | — |
| Gross profit | C$1.08B | C$658M | C$358M | C$290M | C$226M |
| EBITDA | C$1.10B | C$693M | C$428M | C$359M | C$302M |
| Net income | C$898M | C$516M | C$323M | C$260M | C$46.8M |
| Free cash flow | C$897M | C$811M | C$150M | C$328M | C$248M |
| Capital expenditure | C$203M | C$146M | C$67.4M | C$74.8M | C$86.5M |
| Total debt | C$0 | C$17.0M | C$19.4M | C$16.5M | C$19.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DPM Metals DPM.TO | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% |
| Eldorado Gold ELD.TO | $9.37B | +11% | +25% | 45% | 7.7× | n/a |
| B2Gold BTO.TO | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% |
| Centerra Gold CG.TO | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% |
| Equinox Gold EQX.TO | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DPM.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.8% | -0.5% | 4th highest of 21 |
| 6-month return | +18.3% | -4.1% | 2nd highest of 21 |
| Distance from 52-week high | -24.2% | -30.7% | 9th highest of 21 |
| Revenue growth (TTM) | +96.0% | +54.2% | 3rd highest of 21 |
| Operating margin | 55.0% | 45.2% | 6th highest of 21 |
| Forward P/E | 10.1× | 11.5× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.1% | 0.2% | 7th most demanding of 15 |
| Growth delivered (Del g) | +8.6% | +19.1% | lowest of 14 |
| Hurdle (Req g minus delivered) | -3.5 pp | -20.4 pp | most demanding of 14 |
| ROIC minus cost of capital | +13.0 pp | +17.5 pp | 9th lowest of 21 |
| EV / EBITDA | 10.0× | 7.6× | 5th most expensive of 19 |
| Net debt / EBITDA | -1.0× | -0.1× | 3rd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| China Gold International Resources CGG.TO | Canada | $9.08B | +10% | +53% | 56% | 9.7× | 5.2% | +10.4% |
| Eldorado Gold ELD.TO | Canada | $9.37B | +11% | +25% | 45% | 7.7× | n/a | n/a |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | United States | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% | +17.7% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Hecla Mining HL | United States | $9.90B | -21% | +30% | 48% | 18.1× | 8.0% | +15.0% |
| G Mining Ventures GMIN.TO | Canada | $9.98B | -10% | +72% | 66% | 19.4× | n/a | n/a |
| Shanjin International Gold 000975.SZ | China | $10.2B | -6% | -4% | 36% | 15.2× | -5.7% | +16.7% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |
| B2Gold BTO.TO | Canada | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% | +12.3% |
| IAMGOLD IMG.TO | Canada | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% | +19.1% |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| Chifeng Jilong Gold Mining 6693.HK | Hong Kong | $11.1B | -24% | +29% | 43% | 12.9× | 11.0% | +21.8% |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |
| OceanaGold OGC.TO | Canada | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% | +29.2% |
| Perseus Mining PRU.AX | Australia | $5.77B | +11% | +13% | 48% | 11.8× | -1.1% | +26.4% |
| Genesis Minerals GMD.AX | Australia | $5.73B | +6% | +89% | 45% | 15.1× | 7.2% | +182.9% |
| SSR Mining SSRM | United States | $5.66B | -17% | +39% | 42% | 8.1× | n/a | n/a |