Pure Gold Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada.
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Pure Gold Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGM has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: PGM exceeded the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: PGM exceeded the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Pure Gold Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Investor Owns Most Of Pure Gold Mining Inc. (CVE:PGM)?
1 month ago | Simply Wall StBefore You Buy Pure Gold Mining Inc. (CVE:PGM), Consider Its Volatility
3 months ago | Simply Wall StHow Many Pure Gold Mining Inc. (CVE:PGM) Shares Did Insiders Buy, In The Last Year?
Is Pure Gold Mining undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PGM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PGM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PGM is unprofitable, so we can't compare its PE Ratio to the 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 (1.6x).
How is Pure Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted Materials industry annual growth in earnings
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 (1.4%).
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: Insufficient data to determine if PGM's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if PGM's revenue 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 low in 3 years time (10.5%).
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 -30.7% 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 (11.9%).
Return on Equity
High ROE: PGM has a negative Return on Equity (-40.13%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Pure Gold Mining's financial position?
Financial Position Analysis
Short Term Liabilities: PGM's short term assets (CA$88.3M) exceed its short term liabilities (CA$3.5M).
Long Term Liabilities: PGM's short term assets (CA$88.3M) exceed its long term liabilities (CA$49.6M).
Debt to Equity History and Analysis
Debt Level: PGM's debt to equity ratio (18.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PGM's debt to equity ratio has reduced over the past 5 years.
Inventory Level: PGM has a low level of unsold assets or inventory.
Debt Coverage by Assets: PGM's debt is covered by short term assets (assets are 8.8x debt).
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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: PGM has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -28.6% each year
What is Pure Gold Mining's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PGM's dividend yield against the top 25% of dividend payers, as the company has not reported any 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 (53yo)
Mr. Darin Labrenz, P.Geo. has been the President and Chief Executive Officer of Pure Gold Mining Inc. (formerly Laurentian Goldfields, Ltd)., since February 15, 2011. Mr. Labrenz serves as the Chief Geolog ...
CEO Compensation Analysis
Compensation vs Market: Darin's total compensation ($USD332.94K) is below average for companies of similar size in the Canadian market ($USD663.47K).
Compensation vs Earnings: Darin's compensation has been consistent with company performance over the past year.
|CFO & Corporate Secretary||5.8yrs||CA$293.95k||0.46% CA$1.3m|
|Vice President of Operations||3.4yrs||CA$293.95k||0.035% CA$102.5k|
|Vice President of Exploration||3.8yrs||CA$293.95k||0.022% CA$64.8k|
|Manager of Investor Relations||0yrs||no data||no data|
|Head of Human Resources||0.4yrs||no data||no data|
Experienced Management: PGM's management team is considered experienced (3.8 years average tenure).
|Independent Director||5.9yrs||CA$101.25k||1.5% CA$4.4m|
|Independent Director||5.8yrs||CA$26.25k||0.25% CA$738.0k|
|Independent Director||5.7yrs||CA$26.25k||0.13% CA$370.5k|
|Chair of the Board||5.9yrs||CA$120.00k||0.64% CA$1.9m|
|Independent Director||5.9yrs||CA$33.75k||0.17% CA$492.0k|
|Director||0yrs||no data||no data|
Experienced Board: PGM's board of directors are considered experienced (5.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 23.4%.
Pure Gold Mining Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Pure Gold Mining Inc.
- Ticker: PGM
- Exchange: TSXV
- Industry: Gold
- Sector: Materials
- Market Cap: CA$294.120m
- Shares outstanding: 358.68m
- Website: https://www.puregoldmining.ca
Number of Employees
- Pure Gold Mining Inc.
- 1055 West Hastings Street
- Suite 1900
- British Columbia
- V6E 2E9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PGM||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||May 2008|
|LRTN.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 2008|
|L11A||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 2008|
|PUR||LSE (London Stock Exchange)||Yes||Common Shares||GB||GBP||May 2008|
Pure Gold Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. It primarily holds a 100% interest in the Madsen Gold project comprising 251 mining claims that covers an area of approximately 4,648 hectares located in the prolific Red Lake gold camp of Northwestern Ontario. The company is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 00:14|
|End of Day Share Price||2020/02/21 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.