TSXV:PRYM

Stock Analysis Report

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Executive Summary

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


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

PRYMIndustryMarket
7 Day-3.4%-0.4%-0.2%
30 Day27.2%1.5%4.0%
90 Day39.6%-2.0%12.9%
1 Year420.5%420.5%36.9%35.8%5.2%1.5%
3 Year143.6%143.6%40.4%37.4%14.2%3.4%
5 Year2,762.5%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Daniel Kunz
CEO & Director0.58yrCA$453.77k0.97%
CA$ 1.9m
Andrew Bowering
Executive VP & Director1.75yrsno data6.28%
CA$ 12.4m
Ian Harcus
Chief Financial Officer0.42yrno datano data
Alex Tsakumis
Vice President of Investor Relations0.58yrno datano data
Bruce Kienlen
Senior Geologist1yrno data0%
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

NamePositionTenureCompensationOwnership
Daniel Kunz
CEO & Director0.58yrCA$453.77k0.97%
CA$ 1.9m
Andrew Bowering
Executive VP & Director1.75yrsno data6.28%
CA$ 12.4m
Paul Sweeney
Independent Director0.58yrno data0.81%
CA$ 1.6m
Paul Larkin
Independent Director1.42yrsno data0.12%
CA$ 230.0k
Marc Prefontaine
Independent Director0.58yrno data0.23%
CA$ 460.0k
Blair Shilleto
Member of Advisory Board14.42yrsno datano data
Norman Gray
Members of Advisory Board14.42yrsno datano data
Stephen Glass
Member of Advisory Board13.83yrsno datano data
Murray John
Independent Chairman0.58yrno data1.49%
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

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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 23:52
End of Day Share Price2021/01/21 00:00
Earnings2020/10/31
Annual Earnings2020/04/30


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.