company background image
PRYM

Prime Mining TSXV:PRYM Stock Report

Last Price

CA$1.51

Market Cap

CA$170.2m

7D

18.0%

1Y

-60.9%

Updated

04 Oct, 2022

Data

Company Financials +
PRYM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PRYM Stock Overview

Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico.

Prime Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prime Mining
Historical stock prices
Current Share PriceCA$1.51
52 Week HighCA$5.24
52 Week LowCA$1.16
Beta1.82
1 Month Change-16.11%
3 Month Change4.86%
1 Year Change-60.88%
3 Year Change331.43%
5 Year Change738.89%
Change since IPO-99.16%

Recent News & Updates

Jul 18
Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?

Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

PRYMCA Metals and MiningCA Market
7D18.0%12.9%5.7%
1Y-60.9%-5.0%-2.5%

Return vs Industry: PRYM underperformed the Canadian Metals and Mining industry which returned -6% over the past year.

Return vs Market: PRYM underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is PRYM's price volatile compared to industry and market?
PRYM volatility
PRYM Average Weekly Movement17.6%
Metals and Mining Industry Average Movement11.8%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: PRYM is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: PRYM's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
1981n/aDan Kunzhttps://www.primeminingcorp.ca

Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company primarily explores for gold and silver deposits. It primarily holds a 100% interest in the Los Reyes project that consists of 37 contiguous concessions covering an area of 6,273 hectares located in Sinaloa, Mexico.

Prime Mining Fundamentals Summary

How do Prime Mining's earnings and revenue compare to its market cap?
PRYM fundamental statistics
Market CapCA$170.18m
Earnings (TTM)-CA$21.45m
Revenue (TTM)n/a

0.0x

P/S Ratio

-7.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRYM income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$21.45m
Earnings-CA$21.45m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.19
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did PRYM perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 PRYM?

Other financial metrics that can be useful for relative valuation.

PRYM 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/Revenuen/a
Enterprise Value/EBITDA-7.2x
PEG Ration/a

Price to Book Ratio vs Peers

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

PRYM PB Ratio vs 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.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.2x
ALLI Alpha Lithium
2.4xn/aCA$147.7m
CUSN Cornish Metals
1.7xn/aCA$146.1m
WM Wallbridge Mining
0.5xn/aCA$158.8m
S Sherritt International
0.2x-15.9%CA$158.9m
PRYM Prime Mining
4.3xn/aCA$170.2m

Price-To-Book vs Peers: PRYM is expensive based on its Price-To-Book Ratio (4.3x) compared to the peer average (1.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: PRYM is expensive based on its Price-To-Book Ratio (4.3x) compared to the Canadian Metals and Mining industry average (1.5x)


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 Ratio4.3x
Fair PB Ration/a

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


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: PRYM (CA$1.51) is trading below our estimate of fair value (CA$104.45)

Significantly Below Fair Value: PRYM 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.


Discover undervalued companies

Future Growth

How is Prime Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


121.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PRYM's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if PRYM's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if PRYM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PRYM is forecast to have no revenue next year.

High Growth Revenue: PRYM is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRYM's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Prime 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


-61.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRYM is currently unprofitable.

Growing Profit Margin: PRYM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRYM is unprofitable, and losses have increased over the past 5 years at a rate of 61.1% per year.

Accelerating Growth: Unable to compare PRYM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRYM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: PRYM has a negative Return on Equity (-54.55%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Prime Mining's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRYM's short term assets (CA$27.6M) exceed its short term liabilities (CA$1.4M).

Long Term Liabilities: PRYM's short term assets (CA$27.6M) exceed its long term liabilities (CA$1.1M).


Debt to Equity History and Analysis

Debt Level: PRYM is debt free.

Reducing Debt: PRYM currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: Insufficient data to determine if PRYM has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PRYM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is Prime 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

Prime Mining Dividend Yield vs Market
How does Prime Mining dividend yield compare to the market?
SegmentDividend Yield
Company (Prime Mining)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)5.9%
Industry Average (Metals and Mining)2.5%
Analyst forecast in 3 Years (Prime Mining)n/a

Notable Dividend: Unable to evaluate PRYM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRYM'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 PRYM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRYM'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 PRYM has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Dan Kunz (69 yo)

3.17yrs

Tenure

CA$653,291

Compensation

Mr. Daniel James Kunz, B.Sc., P.Eng., MBA, A.A. also known as Dan, has been Chief Executive Officer of Prime Mining Corp. (formerly, ePower Metals Inc.) since June 15, 2020 and has been its Director since...


CEO Compensation Analysis

Dan Kunz's Compensation vs Prime Mining Earnings
How has Dan Kunz's remuneration changed compared to Prime Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021CA$653kCA$172k

-CA$21m

Oct 31 2021n/an/a

-CA$15m

Jul 31 2021n/an/a

-CA$12m

Apr 30 2021n/an/a

-CA$11m

Jan 31 2021n/an/a

-CA$14m

Oct 31 2020n/an/a

-CA$14m

Jul 31 2020n/an/a

-CA$14m

Apr 30 2020CA$454kCA$432k

-CA$12m

Compensation vs Market: Dan's total compensation ($USD481.77K) is above average for companies of similar size in the Canadian market ($USD178.56K).

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PRYM's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: PRYM's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRYM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:PRYM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Jul 22BuyCA$3,338,036Pierre LassondeIndividual1,500,000CA$4.20
26 Jul 22BuyCA$31,794Daniel KunzIndividual25,000CA$1.27
26 Jul 22BuyCA$246,000Andrew BoweringIndividual200,000CA$1.23
07 Jun 22BuyCA$2,400,000Pierre LassondeIndividual1,000,000CA$2.40
12 Apr 22BuyCA$2,737,500Pierre LassondeIndividual750,000CA$3.65
29 Nov 21BuyCA$1,815Edith HofmeisterIndividual500CA$3.63

Ownership Breakdown

What is the ownership structure of PRYM?
Owner TypeNumber of SharesOwnership Percentage
Private Companies1,020,6340.9%
Institutions24,183,45021.5%
Individual Insiders25,961,54623.0%
General Public61,535,07554.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 45.4% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.99%
Pierre Lassonde
15,763,978CA$23.8m6.77%no data
5.72%
ASA Gold and Precious Metals Limited
6,450,000CA$9.7m0%2.22%
5.42%
Andrew Bowering
6,113,668CA$9.2m3.38%no data
4.28%
Franklin Resources, Inc.
4,825,000CA$7.3m0%no data
3.69%
Van Eck Associates Corporation
4,160,732CA$6.3m1.73%0.01%
3.37%
RBC Global Asset Management Inc.
3,800,090CA$5.7m-1.05%no data
2.07%
Mirae Asset Global Investments Co., Ltd
2,331,248CA$3.5m6.31%no data
1.77%
Murray John
2,000,000CA$3.0m0%no data
0.91%
Bowering Projects Limited
1,020,634CA$1.5m0%no data
0.91%
Commodity Capital AG
1,020,600CA$1.5m0%0.59%
0.87%
Daniel Kunz
980,000CA$1.5m2.62%no data
0.67%
Paul Sweeney
750,000CA$1.1m0%no data
0.51%
Ninepoint Partners LP
570,000CA$860.7k0%0.04%
0.3%
Picton Mahoney Asset Management
335,080CA$506.0k-5.64%0.01%
0.22%
Purpose Investments Inc.
251,600CA$379.9k0%0.02%
0.18%
Marc Prefontaine
200,000CA$302.0k0%no data
0.18%
GAMCO Investors, Inc.
200,000CA$302.0k0%no data
0.13%
Perfect Management Services AG
150,000CA$226.5k0%1.44%
0.089%
Paul Larkin
100,000CA$151.0k0%no data
0.048%
Invesco Ltd.
53,600CA$80.9k-96.17%no data
0.038%
Chantal Gosselin
42,400CA$64.0k0%no data
0.025%
Value Intelligence Advisors GmbH
28,300CA$42.7k0%0.03%
0.0064%
CI Global Asset Management
7,200CA$10.9k0%no data
0.0058%
Edith Hofmeister
6,500CA$9.8k0%no data
0.0044%
Scott Hicks
5,000CA$7.6k0%no data

Company Information

Prime Mining Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Prime Mining Corp.
  • Ticker: PRYM
  • Exchange: TSXV
  • Founded: 1981
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$170.178m
  • Shares outstanding: 112.70m
  • Website: https://www.primeminingcorp.ca

Number of Employees


Location

  • Prime Mining Corp.
  • 1030 West Georgia Street
  • Suite 710
  • Vancouver
  • British Columbia
  • V6E 2Y3
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
O4V3DB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1992
PRYMTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 1992
PRMN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2021/12/31
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.