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PGM

Pure Gold Mining TSXV:PGM Stock Report

Last Price

CA$0.14

Market Cap

CA$102.0m

7D

7.7%

1Y

-83.9%

Updated

26 Sep, 2022

Data

Company Financials +
PGM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health0/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Pure Gold Mining
Historical stock prices
Current Share PriceCA$0.14
52 Week HighCA$1.14
52 Week LowCA$0.095
Beta0.95
1 Month Change27.27%
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

Shareholder Returns

PGMCA Metals and MiningCA Market
7D7.7%-8.2%-6.4%
1Y-83.9%-17.2%-8.4%

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.

Price Volatility

Is PGM's price volatile compared to industry and market?
PGM volatility
PGM Average Weekly Movement13.3%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

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

FoundedEmployeesCEOWebsite
n/a350Mark O'Deahttps://www.puregoldmining.ca

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

How do Pure Gold Mining's earnings and revenue compare to its market cap?
PGM fundamental statistics
Market CapCA$102.05m
Earnings (TTM)-CA$44.19m
Revenue (TTM)CA$37.21m

2.7x

P/S Ratio

-2.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PGM income statement (TTM)
RevenueCA$37.21m
Cost of RevenueCA$69.15m
Gross Profit-CA$31.94m
Other ExpensesCA$12.25m
Earnings-CA$44.19m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.061
Gross Margin-85.84%
Net Profit Margin-118.75%
Debt/Equity Ratio182.9%

How did PGM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

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

  • Analyst Forecast

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.

PGM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6x
Enterprise Value/EBITDA-7.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PGM's PS Ratio compare to its peers?

PGM PS Ratio vs Peers
The above table shows the PS ratio for PGM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.2x
FISH Sailfish Royalty
14.7xn/aCA$54.5m
THX Thor Explorations
1.4x15.0%CA$138.0m
TNX TRX Gold
11.3x118.3%CA$140.8m
MKO Mako Mining
1.3xn/aCA$108.5m
PGM Pure Gold Mining
2.7x34.4%CA$102.0m

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.

PGM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.7x
Fair PS Ratio0.1x

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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Future Growth

How is Pure Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


116.8%

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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Past Performance

How has Pure Gold Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.0%

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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Financial Health

How is Pure Gold Mining's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


Balance Sheet


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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Dividend

What is Pure Gold Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Pure Gold Mining Dividend Yield vs Market
How does Pure Gold Mining dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Mark O'Dea (54 yo)

0.42yr

Tenure

CA$114,583

Compensation

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...


Leadership Team

Experienced Management: PGM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PGM's board of directors are considered experienced (8.4 years average tenure).


Ownership

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

TSXV:PGM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Sep 22BuyCA$12,200Mark O'DeaIndividual100,000CA$0.12
14 Sep 22BuyCA$38,100Mark O'DeaIndividual300,000CA$0.13
13 Sep 22BuyCA$39,060Mark O'DeaIndividual300,000CA$0.13
27 May 22BuyCA$3,325,207AngloGold Ashanti LimitedCompany22,168,000CA$0.15
26 May 22BuyCA$100,000Troy FierroIndividual666,666CA$0.15
25 May 22BuyCA$1,199,998Mark O'DeaIndividual8,000,000CA$0.15
25 May 22BuyCA$150,000Dougald CurrieIndividual1,000,000CA$0.15
25 May 22BuyCA$150,000Lenard BoggioIndividual1,000,000CA$0.15
25 May 22BuyCA$100,000Robert Bruce PeaseIndividual666,666CA$0.15
25 May 22BuyCA$40,000Philip SmerchanskiIndividual266,667CA$0.15
15 Feb 22BuyCA$17,238,235AngloGold Ashanti LimitedCompany32,525,000CA$0.53
15 Feb 22BuyCA$179,140Troy FierroIndividual338,000CA$0.53
15 Feb 22BuyCA$94,870Dougald CurrieIndividual179,000CA$0.53
15 Feb 22BuyCA$94,870Christopher HaubrichIndividual179,000CA$0.53
15 Feb 22BuyCA$44,520Ashley KatesIndividual84,000CA$0.53
15 Feb 22BuyCA$894,639Mark O'DeaIndividual1,688,000CA$0.53
15 Feb 22BuyCA$44,520Robert Bruce PeaseIndividual84,000CA$0.53
15 Feb 22BuyCA$47,170Philip SmerchanskiIndividual89,000CA$0.53
08 Dec 21SellCA$106,767Mark O'DeaIndividual150,000CA$0.72
03 Dec 21SellCA$105,170Mark O'DeaIndividual150,000CA$0.70
15 Oct 21BuyCA$3,473,001AngloGold Ashanti LimitedCompany3,307,619CA$1.05

Ownership Breakdown

What is the ownership structure of PGM?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders29,951,3894.1%
Public Companies120,346,87016.5%
Institutions133,936,48118.4%
General Public444,693,14661.0%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76.2%.


Top Shareholders

Top 25 shareholders own 38.97% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.51%
AngloGold Ashanti Limited
120,346,870CA$16.8m22.58%no data
5.09%
Sprott Asset Management LP
37,103,333CA$5.2m0%0.22%
4.15%
Van Eck Associates Corporation
30,278,818CA$4.2m15.38%0.01%
3.36%
Invesco Ltd.
24,513,868CA$3.4m0.41%no data
3.14%
FMR LLC
22,923,692CA$3.2m0%no data
2.21%
Mark O'Dea
16,131,400CA$2.3m4.54%no data
1.37%
Franklin Resources, Inc.
10,000,000CA$1.4m0%no data
0.83%
Konwave AG
6,050,000CA$847.0k0%0.09%
0.52%
Dougald Currie
3,814,000CA$534.0k35.54%no data
0.4%
Troy Fierro
2,904,666CA$406.7k29.79%no data
0.27%
Lenard Boggio
1,940,000CA$271.6k106.38%no data
0.26%
Robert Bruce Pease
1,865,790CA$261.2k55.6%no data
0.18%
Christopher Haubrich
1,279,000CA$179.1k358.42%no data
0.13%
Philip Smerchanski
913,667CA$127.9k41.22%no data
0.097%
BlackRock, Inc.
710,500CA$99.5k66.2%no data
0.091%
Bryan Wilson
666,666CA$93.3k0%no data
0.086%
CIBC Asset Management Inc.
623,999CA$87.4k-45.97%no data
0.082%
Dolefin SA
600,000CA$84.0k0%0.07%
0.055%
Purpose Investments Inc.
400,000CA$56.0k0%no data
0.035%
Terrence F. Smith
253,000CA$35.4k0%no data
0.031%
CQS Investment Management Limited
226,271CA$31.7k0%no data
0.027%
Dr. Bost & Compagnon VermÖGensberatungs Gmbh & Co.Kg
200,000CA$28.0k0%0.28%
0.018%
Thornbridge Investment Management LLP
130,000CA$18.2k0%0.01%
0.013%
Ashley Kates
93,200CA$13.0k0%no data
0.012%
Maryse Belanger
90,000CA$12.6k0%no data

Company Information

Pure Gold Mining Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Pure Gold Mining Inc.
  • 1055 West Hastings Street
  • Suite 1900
  • Vancouver
  • British Columbia
  • V6E 2E9
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGMTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2008
LRTN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2008
L11ADB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2008
PURLSE (London Stock Exchange)YesCommon SharesGBGBPMay 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.