Executive Summary
Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Prime Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRYM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: PRYM's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
PRYM
-0.4%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
420.5%
PRYM
35.8%
CA Metals and Mining
1.5%
CA Market
Return vs Industry: PRYM exceeded the Canadian Metals and Mining industry which returned 36.7% over the past year.
Return vs Market: PRYM exceeded the Canadian Market which returned 2.1% over the past year.
Shareholder returns
| PRYM | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -0.4% | -0.2% |
| 30 Day | 27.2% | 1.5% | 4.0% |
| 90 Day | 39.6% | -2.0% | 12.9% |
| 1 Year | 420.5%420.5% | 36.9%35.8% | 5.2%1.5% |
| 3 Year | 143.6%143.6% | 40.4%37.4% | 14.2%3.4% |
| 5 Year | 2,762.5%2,762.5% | 170.6%162.0% | 63.2%38.1% |
Long-Term Price Volatility Vs. Market
How volatile is Prime Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Is Prime Mining (CVE:PRYM) In A Good Position To Deliver On Growth Plans?9 months ago | Simply Wall St
Could Prime Mining Corp.'s (CVE:PRYM) Investor Composition Influence The Stock Price?11 months ago | Simply Wall St
The CEO & Director of Prime Mining Corp. (CVE:PRYM), Andrew Bowering, Just Bought 23% More SharesValuation
Is Prime Mining undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRYM (CA$2.29) is trading below our estimate of fair value (CA$12.75)
Significantly Below Fair Value: PRYM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRYM is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: PRYM 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 PRYM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRYM is overvalued based on its PB Ratio (9.8x) compared to the CA Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Prime Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
25.0%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prime Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Prime Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Prime Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Prime Mining performed over the past 5 years?
-77.9%
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 77.9% 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 (71.8%).
Return on Equity
High ROE: PRYM has a negative Return on Equity (-57.74%), as it is currently unprofitable.
Next Steps
Financial Health
How is Prime Mining's financial position?
Financial Position Analysis
Short Term Liabilities: PRYM's short term assets (CA$8.0M) exceed its short term liabilities (CA$655.5K).
Long Term Liabilities: PRYM's short term assets (CA$8.0M) exceed its long term liabilities (CA$1.0M).
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: PRYM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PRYM has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 66.6% each year.
Next Steps
Dividend
What is Prime Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
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 PRYM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.6yrs
Average management tenure
CEO
Dan Kunz (67 yo)
0.58
Tenure
CA$453,768
Compensation
Mr. Daniel James Kunz, also known as Dan, B.Sc., P.Eng., MBA, has been the Chief Executive Officer of Prime Mining Corp. (formerly, ePower Metals Inc.) since June 15, 2020 and has been its Director since A...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD359.52K) is below average for companies of similar size in the Canadian market ($USD517.89K).
Compensation vs Earnings: Insufficient data to compare Dan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.58yr | CA$453.77k | 0.97% CA$ 1.9m | |
| Executive VP & Director | 1.75yrs | no data | 6.28% CA$ 12.4m | |
| Chief Financial Officer | 0.42yr | no data | no data | |
| Vice President of Investor Relations | 0.58yr | no data | no data | |
| Senior Geologist | 1yr | no data | 0% CA$ 0 |
0.6yrs
Average Tenure
59yo
Average Age
Experienced Management: PRYM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.58yr | CA$453.77k | 0.97% CA$ 1.9m | |
| Executive VP & Director | 1.75yrs | no data | 6.28% CA$ 12.4m | |
| Independent Director | 0.58yr | no data | 0.81% CA$ 1.6m | |
| Independent Director | 1.42yrs | no data | 0.12% CA$ 230.0k | |
| Independent Director | 0.58yr | no data | 0.23% CA$ 460.0k | |
| Member of Advisory Board | 14.42yrs | no data | no data | |
| Members of Advisory Board | 14.42yrs | no data | no data | |
| Member of Advisory Board | 13.83yrs | no data | no data | |
| Independent Chairman | 0.58yr | no data | 1.49% CA$ 2.9m |
1.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: PRYM's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.4%.
Top Shareholders
Company Information
Prime Mining Corp.'s company bio, 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
- Market Cap: CA$197.641m
- Shares outstanding: 85.93m
- Website: https://www.primeminingcorp.ca
Number of Employees
Location
- Prime Mining Corp.
- 1030 West Georgia Street
- Suite 1507
- Vancouver
- British Columbia
- V6E 2Y3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| O4V3 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 1992 |
| PRYM | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | May 1992 |
| PRMN.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | May 1992 |
Biography
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% ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:52 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/04/30 |
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.