Q: Can you please comment on earnings yesterday for DSV ? Looks very strong and they are cleaning things up operationally at Porcupine.
The market liked the news.
thanks
The market liked the news.
thanks
5i Research Answer:
EPS of 1c missed estimates of 3.7c; revenue was $142M, EBITDA $59.5M. Cash flow was $27.3M. The profit compares with a loss of 1c last year. Gold production was 50,552 ounces. Production is set to ramp up in the second half with a corresponding increase in cash flow. Raymond James boosted its price target to $5 from $4. The company is debt-free, with 18c in earnings per share expected in 2025 and then almost doubling to 35c in 2026. The stock run has been huge but there has been fundamental improvement here as well.