PGM Stock Overview
Pure Gold Mining Inc. engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada.
Pure Gold Mining Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.14|
|52 Week High||CA$1.14|
|52 Week Low||CA$0.095|
|1 Month Change||27.27%|
|3 Month Change||-15.15%|
|1 Year Change||-83.91%|
|3 Year Change||-75.86%|
|5 Year Change||-75.44%|
|Change since IPO||-97.20%|
Recent News & Updates
|PGM||CA Metals and Mining||CA Market|
Return vs Industry: PGM underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.
Return vs Market: PGM underperformed the Canadian Market which returned -7.3% over the past year.
|PGM Average Weekly Movement||13.3%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||18.2%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: PGM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: PGM's weekly volatility (13%) 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 PureGold Mine project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,648 hectares located near Red Lake, Ontario. The company is headquartered in Vancouver, Canada.
Pure Gold Mining Fundamentals Summary
|PGM fundamental statistics|
Is PGM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PGM income statement (TTM)|
|Cost of Revenue||CA$69.15m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.061|
|Net Profit Margin||-118.75%|
How did PGM perform over the long term?See historical performance and comparison
Is PGM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PGM?
Other financial metrics that can be useful for relative valuation.
|What is PGM's n/a Ratio?|
Price to Sales Ratio vs Peers
How does PGM's PS Ratio compare to its peers?
|PGM PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
FISH Sailfish Royalty
THX Thor Explorations
TNX TRX Gold
MKO Mako Mining
PGM Pure Gold Mining
Price-To-Sales vs Peers: PGM is good value based on its Price-To-Sales Ratio (2.7x) compared to the peer average (7.2x).
Price to Earnings Ratio vs Industry
How does PGM's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Sales vs Industry: PGM is expensive based on its Price-To-Sales Ratio (2.7x) compared to the Canadian Metals and Mining industry average (2.1x)
Price to Sales Ratio vs Fair Ratio
What is PGM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||2.7x|
|Fair PS Ratio||0.1x|
Price-To-Sales vs Fair Ratio: PGM is expensive based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).
Share Price vs Fair Value
What is the Fair Price of PGM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PGM (CA$0.14) is trading below our estimate of fair value (CA$0.18)
Significantly Below Fair Value: PGM is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Pure Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGM is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PGM is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PGM is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PGM's revenue (34.4% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: PGM's revenue (34.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PGM's Return on Equity is forecast to be high in 3 years time
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How has Pure Gold Mining performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 14% 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 (-8.3%).
Return on Equity
High ROE: PGM has a negative Return on Equity (-65.68%), as it is currently unprofitable.
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How is Pure Gold Mining's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PGM's short term assets (CA$23.2M) do not cover its short term liabilities (CA$47.8M).
Long Term Liabilities: PGM's short term assets (CA$23.2M) do not cover its long term liabilities (CA$157.0M).
Debt to Equity History and Analysis
Debt Level: PGM's net debt to equity ratio (163.8%) 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.
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What is Pure Gold Mining current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Pure Gold Mining Dividend Yield vs Market|
|Company (Pure Gold Mining)||n/a|
|Market Bottom 25% (CA)||2.1%|
|Market Top 25% (CA)||6.1%|
|Industry Average (Metals and Mining)||2.9%|
|Analyst forecast in 3 Years (Pure Gold Mining)||0%|
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PGM has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark O'Dea (54 yo)
Mr. Hsiung-Ching Lee serves as Director at Wellell Inc. (formerly known as Apex Medical Corp.) since June 2019. He is Director of Advanced International Multitech Co., Ltd. He is Representative of Juristic...
Experienced Management: PGM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Experienced Board: PGM's board of directors are considered experienced (8.4 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
|16 Sep 22||BuyCA$12,200||Mark O'Dea||Individual||100,000||CA$0.12|
|14 Sep 22||BuyCA$38,100||Mark O'Dea||Individual||300,000||CA$0.13|
|13 Sep 22||BuyCA$39,060||Mark O'Dea||Individual||300,000||CA$0.13|
|27 May 22||BuyCA$3,325,207||AngloGold Ashanti Limited||Company||22,168,000||CA$0.15|
|26 May 22||BuyCA$100,000||Troy Fierro||Individual||666,666||CA$0.15|
|25 May 22||BuyCA$1,199,998||Mark O'Dea||Individual||8,000,000||CA$0.15|
|25 May 22||BuyCA$150,000||Dougald Currie||Individual||1,000,000||CA$0.15|
|25 May 22||BuyCA$150,000||Lenard Boggio||Individual||1,000,000||CA$0.15|
|25 May 22||BuyCA$100,000||Robert Bruce Pease||Individual||666,666||CA$0.15|
|25 May 22||BuyCA$40,000||Philip Smerchanski||Individual||266,667||CA$0.15|
|15 Feb 22||BuyCA$17,238,235||AngloGold Ashanti Limited||Company||32,525,000||CA$0.53|
|15 Feb 22||BuyCA$179,140||Troy Fierro||Individual||338,000||CA$0.53|
|15 Feb 22||BuyCA$94,870||Dougald Currie||Individual||179,000||CA$0.53|
|15 Feb 22||BuyCA$94,870||Christopher Haubrich||Individual||179,000||CA$0.53|
|15 Feb 22||BuyCA$44,520||Ashley Kates||Individual||84,000||CA$0.53|
|15 Feb 22||BuyCA$894,639||Mark O'Dea||Individual||1,688,000||CA$0.53|
|15 Feb 22||BuyCA$44,520||Robert Bruce Pease||Individual||84,000||CA$0.53|
|15 Feb 22||BuyCA$47,170||Philip Smerchanski||Individual||89,000||CA$0.53|
|08 Dec 21||SellCA$106,767||Mark O'Dea||Individual||150,000||CA$0.72|
|03 Dec 21||SellCA$105,170||Mark O'Dea||Individual||150,000||CA$0.70|
|15 Oct 21||BuyCA$3,473,001||AngloGold Ashanti Limited||Company||3,307,619||CA$1.05|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76.2%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: CA$102.050m
- Shares outstanding: 728.93m
- 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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 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.