Jefferies keeps CAD 74.00 target for DPM Metals stock

Jefferies maintained a Buy rating and a CAD 74.00 price target for DPM Metals on October 12, 2026, placing the target 25.32 percent above the stock's TSX level, according to Markets Insider. The last TSX price was CAD 59.05 on October 16, 2026 at 4:00 p.m. ET, down 1.52 percent on the session.

Cash and earnings provide scale

DPM's second-quarter 2026 revenue reached CAD 364.78 million, compared with CAD 186.42 million a year earlier. Net profit came to CAD 224.11 million, up from CAD 83.39 million in the year-ago quarter, according to Markets Insider.

The company reported a net cash position of USD 761.2 million as of July 31, 2026. DPM also states that average annual gold production is expected to reach 200,000 ounces over the next three years, according to its company website.

Price stays below yearly high

The TSX price range over the past 52 weeks was CAD 29.12 to CAD 72.54 as of October 16, 2026. At CAD 59.05, the stock stood 18.60 percent below that high. DPM was up 40.60 percent year to date as of October 9, 2026, according to Simply Wall St.

Valuation and next results

DPM's market capitalization was CAD 13.0 billion on October 16, 2026, while its price-to-earnings ratio was 13.82. The company is scheduled to report third-quarter 2026 results on November 12, 2026, according to Simply Wall St.

Comparison with peers

DPM Metals (TSX, CAD): minus 1.52 percent, P/E 13.82, market capitalization CAD 13.0 billion

Barrick Mining (TSX, CAD): plus 0.31 percent, P/E 10.49, market capitalization CAD 95.0 billion

Kinross Gold (TSX, CAD): plus 0.50 percent, P/E 9.20, market capitalization CAD 40.3 billion

Price position after October 16

DPM Metals' last TSX price of CAD 59.05 on October 16, 2026 at 4:00 p.m. ET was 18.60 percent below the 52-week high of CAD 72.54. The next scheduled results date is November 12, 2026.

Market context: Market report S&P/TSX Composite.

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