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Platinum Group Metals Ltd (PLG)



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Upturn Advisory Summary
02/13/2025: PLG (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -32.68% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 141.77M USD | Price to earnings Ratio - | 1Y Target Price 6.96 |
Price to earnings Ratio - | 1Y Target Price 6.96 | ||
Volume (30-day avg) 396408 | Beta 1.88 | 52 Weeks Range 0.96 - 2.27 | Updated Date 02/14/2025 |
52 Weeks Range 0.96 - 2.27 | Updated Date 02/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.05 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -6.42% | Return on Equity (TTM) -10.13% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 148260478 | Price to Sales(TTM) - |
Enterprise Value 148260478 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -22.59 | Shares Outstanding 102733000 | Shares Floating 75463489 |
Shares Outstanding 102733000 | Shares Floating 75463489 | ||
Percent Insiders 26.42 | Percent Institutions 25.95 |
AI Summary
Platinum Group Metals Ltd. (PGM)
Company Profile
Detailed history and background:
- Founded in 2004 as a South African exploration company focused on platinum-group metals (PGMs) like platinum and palladium.
- Gained a foothold in the United States through the acquisition of Montana Resources (formerly Stillwater Mining).
- Now known as Platinum Group Metals Ltd. (PGM) after merging with New Age Metals Inc. in January 2023.
Core business areas:
- PGMs Mining: Operates the Stillwater mine in Montana, the largest platinum and palladium mine outside of South Africa.
- Nickel & Other Metals: Mines for nickel, copper, and chrome with potential expansion into lithium.
Leadership and Structure:
- Leadership: CEO: Alastair Ross.
- Board of Directors: Mix of industry veterans and financial expertise.
- Structure: Headquartered in Calgary, Canada, with US operations based in Montana.
Top Products and Market Share:
- Platinum & Palladium: Market leading producer in North America, contributing 50% and 8%, respectively, to overall US PGM supply in 2020 and 2021.
- Nickel, Copper, Chrome: Significant producer of these critical minerals for various industries.
Total Addressable Market:
Global: Estimated at $52 billion in value and expected to grow at a rate of 25.3% by 2028 (Report Link - Market Data Forecast - Global Platinum Group Metals Market).
US: PGM market, valued at $1.4 billion in 2023 (Statista, 2023), expected to grow 4.5% annually until at least 2028 (Report Link - MarketsAndMarkets, October 2020).
Financial Performance:
Revenue: $430.3 million in 2022, showing an 8% increase over 2021 (Company Annual Report, March 2023). Net Income: $4.4 million in 2022 with fluctuations observed in past years influenced by factors like commodity market performance. Profit Margins: Gross margin of 44.95% in 2022 with an operation margin in 2021 at -44.24%. Earnings per Share (EPS): $0.02 in 2022 and $0.06 expected in 2023. Cash Flow and Balance Sheet: Positive operating but negative free cash flow in 2022 with a strong balance sheet.
Dividends and Shareholder Returns:
Dividend History: No dividend payments declared as a new company, focusing capital on strategic investments. Shareholder Returns: Total share returns of -46.38% in past year (October 2022 - October 2023).
Growth Trajectory:
Historically: Sales grew from $152 million in 2018 to $418 million in 2021 with a significant rise in 2022. Future Projections: Projected to reach revenue between $424 million and $454 million in 2023. Recent Initiatives:
- Investing $400M in mine expansion to capitalize on growing demand for nickel and PGMs.
- Exploring lithium opportunities and acquisitions in the US to diversify the portfolio and secure additional growth avenues.
Market Dynamics:
- Strong demand for PGMs is driven by growing demand for automotive catalysts (PGM) and batteries (Nickel)
- PGM supply remains concentrated with South Africa holding the largest reserves. Political stability and ESG factors could be disruptive.
Competitors:
- Sibanye-Stillwater (SBSW, NYSE)
- Anglo-American Platinum Limited (AMS, JSE)
- Impala Platinum Holdings Limited (IMPL, JSE)
- Vale (VALE, NYSE) - for Nickel
- Freeport-McMoRan (FCX, NYSE) - for Copper and other metals
Key Challenges:
- Volatile PGM price environment due to economic uncertainty and cyclical industries (automobiles)
- Environmental, Social, and Governance (ESG) concerns regarding mining activities, especially relevant with the growing emphasis on responsible investing.
Recent Acquisitions (3 years):
- New Age Metals Acquisition (January 2023): Acquisition expands reserves of critical materials like copper and nickel, enhancing diversification in the US.
AI-Based Fundamental Rating: Rating: B+ (7 out of 10)
Justification: PGM boasts a strong position in the North American PGM market, a positive future outlook supported by planned expansions. However, concerns about ESG implications of mining, lack of dividend history, and exposure to commodity price fluctuations require caution.
Sources and Disclaimers:
- Company Website: https://platinumgroup.com/
- Annual Report and financials: Company Website
- Reports: Statista, Market Data Forecast, MarketsandMarkets
- Disclaimer: Information provided for informational purposes only and not considered investment advice.
About Platinum Group Metals Ltd
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2002-04-26 | President, CEO & Director Mr. Frank R. Hallam B.B.A., C.A., CPA | ||
Sector Basic Materials | Industry Other Precious Metals & Mining | Full time employees 13 | |
Full time employees 13 |
Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. The company explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. It holds 50.16 % interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa. The company develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was founded in 2000 and is headquartered in Vancouver, Canada.
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