Pure Gold Mining Inc. engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.02|
|52 Week High||CA$0.96|
|52 Week Low||CA$3.08|
|1 Month Change||-8.11%|
|3 Month Change||-33.77%|
|1 Year Change||-62.36%|
|3 Year Change||88.89%|
|5 Year Change||39.73%|
|Change since IPO||-79.60%|
Recent News & Updates
|PGM||CA Metals and Mining||CA Market|
Return vs Industry: PGM underperformed the Canadian Metals and Mining industry which returned -11.9% over the past year.
Return vs Market: PGM underperformed the Canadian Market which returned 27% over the past year.
Stable Share Price: PGM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: PGM's weekly volatility (10%) has been stable over the past year.
About the Company
Pure Gold Mining Inc. engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. Its principal property is the Pure Gold Red Lake Gold project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,700 hectares located near Red Lake, Ontario. The company is headquartered in Vancouver, Canada.
Is Pure Gold Mining undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PGM (CA$0.98) is trading below our estimate of fair value (CA$8.13)
Significantly Below Fair Value: PGM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PGM is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.
PE vs Market: PGM is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGM is overvalued based on its PB Ratio (5.4x) compared to the CA Metals and Mining industry average (2.4x).
How is Pure Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PGM's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if PGM's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PGM's revenue (40.5% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: PGM's revenue (40.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGM's Return on Equity is forecast to be high in 3 years time (38%)
How has Pure Gold Mining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGM is currently unprofitable.
Growing Profit Margin: PGM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PGM is unprofitable, and losses have increased over the past 5 years at a rate of 5.7% per year.
Accelerating Growth: Unable to compare PGM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PGM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (116%).
Return on Equity
High ROE: PGM has a negative Return on Equity (-39.89%), as it is currently unprofitable.
How is Pure Gold Mining's financial position?
Financial Position Analysis
Short Term Liabilities: PGM's short term assets (CA$33.3M) exceed its short term liabilities (CA$31.3M).
Long Term Liabilities: PGM's short term assets (CA$33.3M) do not cover its long term liabilities (CA$179.1M).
Debt to Equity History and Analysis
Debt Level: PGM's debt to equity ratio (159.8%) is considered high.
Reducing Debt: Insufficient data to determine if PGM's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PGM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PGM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Pure Gold Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PGM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PGM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PGM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PGM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Darin Labrenz (55 yo)
Mr. Darin Labrenz, P.Geo., has been the Chief Executive Officer, President and Director of Pure Gold Mining Inc. since February 15, 2011. Mr. Labrenz serves as the Chief Geologist of Terrane Metals Corp. H...
CEO Compensation Analysis
Compensation vs Market: Darin's total compensation ($USD1.46M) is above average for companies of similar size in the Canadian market ($USD852.19K).
Compensation vs Earnings: Darin's compensation has increased whilst the company is unprofitable.
Experienced Management: PGM's management team is seasoned and experienced (6.2 years average tenure).
Experienced Board: PGM's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PGM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
Pure Gold Mining Inc.'s employee growth, exchange listings and data sources
- Name: Pure Gold Mining Inc.
- Ticker: PGM
- Exchange: TSXV
- Founded: NaN
- Industry: Gold
- Sector: Materials
- Market Cap: CA$421.949m
- Shares outstanding: 413.68m
- Website: https://www.puregoldmining.ca
Number of Employees
- Pure Gold Mining Inc.
- 1055 West Hastings Street
- Suite 1900
- British Columbia
- V6E 2E9
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 04:42|
|End of Day Share Price||2021/09/15 00:00|
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 here.