Prime Mining Corp.

TSX:PRYM Stock Report

Market Cap: CA$282.8m

Prime Mining Valuation

Is PRYM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRYM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PRYM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PRYM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRYM?

Key metric: As PRYM is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PRYM. This is calculated by dividing PRYM's market cap by their current book value.
What is PRYM's PB Ratio?
PB Ratio9x
BookCA$31.66m
Market CapCA$282.79m

Price to Book Ratio vs Peers

How does PRYM's PB Ratio compare to its peers?

The above table shows the PB ratio for PRYM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average4.2x
MNO Meridian Mining UK Societas
12.1x67.89%CA$299.1m
OM Osisko Metals
1.7x43.41%CA$265.3m
LIRC Lithium Royalty
1.5x94.01%CA$292.8m
TMQ Trilogy Metals
1.6xn/aCA$295.6m
PRYM Prime Mining
9x7.28%CA$282.8m

Price-To-Book vs Peers: PRYM is expensive based on its Price-To-Book Ratio (9x) compared to the peer average (4.2x).

Price to Book Ratio vs Industry

How does PRYM's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

102 CompaniesPrice / BookEstimated GrowthMarket Cap
LAR Lithium Argentina
0.4x45.38%US$326.18m
AOT Ascot Resources
0.3x83.72%US$103.68m
LUC Lucara Diamond
0.3x-93.02%US$79.90m
NIF.UN Noranda Income Fund
0.3xn/aUS$72.05m
PRYM 9.0xIndustry Avg. 1.7xNo. of Companies139PB01.63.24.86.48+
102 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PRYM is expensive based on its Price-To-Book Ratio (9x) compared to the Canadian Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is PRYM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRYM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PRYM's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PRYM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.80
CA$4.65
+158.33%
9.97%CA$5.00CA$3.75n/a5
Jun ’26CA$1.58
CA$4.65
+194.30%
9.97%CA$5.00CA$3.75n/a5
May ’26CA$1.36
CA$4.65
+241.91%
9.97%CA$5.00CA$3.75n/a5
Apr ’26CA$1.48
CA$4.45
+200.68%
9.67%CA$5.00CA$3.75n/a5
Mar ’26CA$1.31
CA$4.44
+238.74%
10.82%CA$5.00CA$3.75n/a4
Feb ’26CA$1.80
CA$4.44
+146.53%
10.82%CA$5.00CA$3.75n/a4
Jan ’26CA$1.44
CA$4.40
+205.56%
10.58%CA$5.00CA$3.75n/a6
Dec ’25CA$1.53
CA$4.23
+176.47%
8.74%CA$4.75CA$3.75n/a5
Nov ’25CA$1.84
CA$4.32
+134.60%
9.01%CA$4.75CA$3.75n/a6
Oct ’25CA$1.62
CA$4.09
+152.57%
14.72%CA$4.75CA$3.00n/a6
Sep ’25CA$1.64
CA$3.84
+134.25%
20.10%CA$4.75CA$2.75n/a6
Aug ’25CA$1.86
CA$3.84
+106.54%
20.10%CA$4.75CA$2.75n/a6
Jul ’25CA$1.78
CA$3.84
+115.82%
20.10%CA$4.75CA$2.75n/a6
Jun ’25CA$2.20
CA$3.84
+74.62%
20.10%CA$4.75CA$2.75CA$1.586
May ’25CA$2.18
CA$4.04
+85.32%
17.03%CA$4.75CA$2.90CA$1.365
Apr ’25CA$2.19
CA$3.94
+79.91%
16.48%CA$4.75CA$2.90CA$1.485
Mar ’25CA$2.22
CA$3.91
+76.24%
20.87%CA$4.75CA$2.65CA$1.314
Feb ’25CA$2.22
CA$3.91
+76.24%
20.87%CA$4.75CA$2.65CA$1.804
Jan ’25CA$1.50
CA$3.98
+165.00%
22.26%CA$5.00CA$2.65CA$1.444
Dec ’24CA$1.75
CA$3.98
+127.14%
22.26%CA$5.00CA$2.65CA$1.534
Nov ’24CA$1.29
CA$3.98
+208.14%
22.26%CA$5.00CA$2.65CA$1.844
Oct ’24CA$1.19
CA$4.20
+252.94%
19.94%CA$5.00CA$3.05CA$1.624
Sep ’24CA$1.56
CA$4.20
+169.23%
19.94%CA$5.00CA$3.05CA$1.644
Aug ’24CA$1.75
CA$5.21
+197.71%
38.94%CA$9.00CA$3.05CA$1.865
Jul ’24CA$1.79
CA$5.21
+191.06%
38.94%CA$9.00CA$3.05CA$1.785
Jun ’24CA$2.05
CA$5.21
+154.15%
38.94%CA$9.00CA$3.05CA$2.205
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
CA$4.65
Fair Value
61.3% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/12 14:05
End of Day Share Price 2025/06/12 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Prime Mining Corp. is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Matthew MurphyBMO Capital Markets Equity Research
John SclodnickDesjardins Securities Inc.