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Premier Gold Mines

DB:P2O
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P2O
DB
CA$400M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. The last earnings update was 43 days ago. More info.


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P2O Share Price and Events
7 Day Returns
-8.7%
DB:P2O
-0.6%
DE Metals and Mining
0.7%
DE Market
1 Year Returns
-28.5%
DB:P2O
-42.5%
DE Metals and Mining
-8.7%
DE Market
P2O Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Premier Gold Mines (P2O) -8.7% 5.6% 6.3% -28.5% -46.4% -37%
DE Metals and Mining -0.6% -2.2% -8.2% -42.5% -26.9% -35.1%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • P2O outperformed the Metals and Mining industry which returned -42.5% over the past year.
  • P2O underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
P2O
Industry
5yr Volatility vs Market

Value

 Is Premier Gold Mines undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Premier Gold Mines to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Premier Gold Mines.

DB:P2O Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:P2O
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 26.5%) (6.44%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.056 * 5.96%)
6.52%

Discounted Cash Flow Calculation for DB:P2O using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Premier Gold Mines is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:P2O DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.52%)
2019 -48.57 Analyst x4 -45.59
2020 -52.22 Analyst x5 -46.02
2021 29.00 Analyst x1 23.99
2022 39.48 Est @ 36.13% 30.66
2023 49.49 Est @ 25.36% 36.08
2024 58.31 Est @ 17.82% 39.91
2025 65.63 Est @ 12.54% 42.16
2026 71.43 Est @ 8.85% 43.09
2027 75.91 Est @ 6.26% 42.98
2028 79.29 Est @ 4.45% 42.14
Present value of next 10 years cash flows $209.40
DB:P2O DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $79.29 × (1 + 0.23%) ÷ (6.52% – 0.23%)
$1,262.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,262.24 ÷ (1 + 6.52%)10
$670.94
DB:P2O Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $209.40 + $670.94
$880.34
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $880.34 / 210.43
$6.5
DB:P2O Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:PG)
1.335
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $4.18 x 1.335
CA$5.59
Non-primary Listing Adjustment Factor 1 share in DB:P2O represents 0.64316x of TSX:PG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64316x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 5.59 x 0.64316
€3.59
Value per share (EUR) From above. €3.59
Current discount Discount to share price of €1.22
= -1 x (€1.22 - €3.59) / €3.59
66%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Premier Gold Mines is available for.
Intrinsic value
>50%
Share price is €1.22 vs Future cash flow value of €3.59
Current Discount Checks
For Premier Gold Mines to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Premier Gold Mines's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Premier Gold Mines's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Premier Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Premier Gold Mines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P2O PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.09
TSX:PG Share Price ** TSX (2019-06-19) in CAD CA$1.9
TSX:PG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $1.42
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.72x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Premier Gold Mines.

DB:P2O PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PG Share Price ÷ EPS (both in USD)

= 1.42 ÷ -0.09

-15.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Premier Gold Mines is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • Premier Gold Mines is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Premier Gold Mines's expected growth come at a high price?
Raw Data
DB:P2O PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.63x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Premier Gold Mines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Premier Gold Mines's assets?
Raw Data
DB:P2O PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.40
TSX:PG Share Price * TSX (2019-06-19) in CAD CA$1.9
TSX:PG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $1.42
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.16x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:P2O PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PG Share Price ÷ Book Value per Share (both in USD)

= 1.42 ÷ 1.40

1.02x

* Primary Listing of Premier Gold Mines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Premier Gold Mines is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Premier Gold Mines's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Premier Gold Mines has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Premier Gold Mines expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Premier Gold Mines expected to grow at an attractive rate?
  • Unable to compare Premier Gold Mines's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Premier Gold Mines's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare Premier Gold Mines's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:P2O Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:P2O Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 96.2%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 47.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:P2O Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P2O Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 58
2020-12-31 17
2019-12-31 92 -5 -10 1
DB:P2O Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 98 -16 -19
2018-12-31 114 -11 -20
2018-09-30 124 -3 -15
2018-06-30 147 22 -11
2018-03-31 175 35 9
2017-12-31 200 64 16
2017-09-30 279 142 41
2017-06-30 236 97 34
2017-03-31 177 76 14
2016-12-31 112 43 -1
2016-09-30 11 -35 -29
2016-06-30 -21 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Premier Gold Mines is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if Premier Gold Mines is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:P2O Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Premier Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P2O Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.13 0.13 0.13 1.00
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 -0.02 -0.02 -0.02 1.00
DB:P2O Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.09
2018-12-31 -0.10
2018-09-30 -0.07
2018-06-30 -0.05
2018-03-31 0.04
2017-12-31 0.08
2017-09-30 0.20
2017-06-30 0.17
2017-03-31 0.08
2016-12-31 0.00
2016-09-30 -0.16
2016-06-30 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Premier Gold Mines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Premier Gold Mines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Premier Gold Mines has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Premier Gold Mines performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Premier Gold Mines's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Premier Gold Mines does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Premier Gold Mines's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Premier Gold Mines's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Premier Gold Mines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Premier Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P2O Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 97.81 -19.34 32.05
2018-12-31 113.87 -20.43 34.33
2018-09-30 124.22 -15.17 34.40
2018-06-30 146.88 -11.06 35.42
2018-03-31 174.94 9.09 36.83
2017-12-31 200.31 16.17 36.86
2017-09-30 279.36 41.43 40.96
2017-06-30 235.89 34.45 41.30
2017-03-31 177.49 14.46 40.53
2016-12-31 112.05 -0.54 37.38
2016-09-30 10.60 -28.70 36.00
2016-06-30 -21.01 37.59
2016-03-31 -14.51 33.40
2015-12-31 17.87 28.07
2015-09-30 19.30 26.57
2015-06-30 1.22 26.23
2015-03-31 -25.06 26.18
2014-12-31 -54.72 29.36
2014-09-30 -60.12 24.12
2014-06-30 -52.29 18.90
2014-03-31 -45.92 12.43
2013-12-31 -27.50 9.36
2013-09-30 -14.73 9.96
2013-06-30 -11.86 10.45
2013-03-31 10.28 12.36
2012-12-31 -12.68 11.84
2012-09-30 -18.76 13.48
2012-06-30 -18.92 15.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Premier Gold Mines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Premier Gold Mines has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Premier Gold Mines improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Premier Gold Mines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Premier Gold Mines has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Premier Gold Mines's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Premier Gold Mines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Premier Gold Mines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Premier Gold Mines's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Premier Gold Mines's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Premier Gold Mines Company Filings, last reported 2 months ago.

DB:P2O Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 293.87 19.28 43.55
2018-12-31 287.84 0.00 43.99
2018-09-30 295.52 0.00 56.53
2018-06-30 297.02 0.05 67.92
2018-03-31 306.37 19.64 98.64
2017-12-31 308.49 19.21 103.36
2017-09-30 310.70 42.22 138.38
2017-06-30 300.96 41.34 122.25
2017-03-31 285.72 40.43 112.96
2016-12-31 278.07 41.55 91.40
2016-09-30 261.60 42.61 34.92
2016-06-30 211.32 12.67 38.01
2016-03-31 202.09 6.14 39.29
2015-12-31 202.03 6.02 55.24
2015-09-30 199.15 5.89 58.49
2015-06-30 202.61 5.85 69.30
2015-03-31 179.27 5.73 88.66
2014-12-31 174.60 5.62 31.02
2014-09-30 296.40 5.50 33.39
2014-06-30 313.61 0.19 54.68
2014-03-31 329.85 9.08 64.27
2013-12-31 336.80 9.21 65.83
2013-09-30 359.07 9.27 79.63
2013-06-30 357.21 8.88 90.01
2013-03-31 391.95 18.63 132.06
2012-12-31 415.79 18.57 87.47
2012-09-30 330.65 46.16 57.07
2012-06-30 321.52 35.52 58.92
  • Premier Gold Mines's level of debt (6.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.7% vs 6.4% today).
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.

  • Information is not available.
  • Unable to confirm if Premier Gold Mines has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Premier Gold Mines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Premier Gold Mines has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Premier Gold Mines's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Premier Gold Mines dividends. Estimated to be 0% next year.
If you bought €2,000 of Premier Gold Mines shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Premier Gold Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Premier Gold Mines's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:P2O Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:P2O Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Premier Gold Mines has not reported any payouts.
  • Unable to verify if Premier Gold Mines's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Premier Gold Mines's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Premier Gold Mines has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Premier Gold Mines's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Premier Gold Mines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Premier Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Premier Gold Mines has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Premier Gold Mines's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ewan Downie
COMPENSATION $1,750,306
AGE 51
TENURE AS CEO 13.1 years
CEO Bio

Mr. Ewan Stewart Downie has been the Chief Executive Officer and President of Premier Gold Mines Limited, a subsidiary of Wolfden Resources Inc. (Zinifex Canada Inc) since May 29, 2006. Mr. Downie founded Vytyl Exploration Services, Ltd. in 1989 and has been its Owner since 1989. He served as the President at Zinifex Canada Inc. (formerly, Wolfden Resources Inc.) from May 11, 2007 to October 2008. He has over 25 years of experience in the exploration and mining industry. He served as the President and Secretary at Premier Royalty, Inc. (also known as Premier Royalty Corporation). He served as the President of Marksmen Capital Inc, since March 11, 2008. He founded MMG Resources Inc. and served as its President and Chief Executive Officer from October 1995 to July 2007. He was a Principal Member of the Zinifex Canada Inc. He served as a Vice President of Sabina Gold & Silver Corp. (formerly, Sabina Resources Ltd.) from December 13, 2004 to 2007. He served as President and Chief Executive Officer of Wolfden Resources Inc. (mining company) from 1997 to May 2007. He has been the Chairman of the Board at Wolfden Resources Corporation since April 23, 2010. He serves as the Chairman of the Board at MMG Resources Inc. He has been the Chairman of Skybridge Development Corp. since May 26, 2008. He served as the Chairman of Premier Royalty, Inc., from December 4, 2012 to May 14, 2013. He served as the Chairman for Source Exploration Corporation from January 2011 to September 5, 2012. He served as the Chairman for Mega Precious Metals Inc. (formerly, Mega Silver Inc.) since June 1, 2009. He served as the Chairman of Sabina Gold & Silver Corp. He has been a Director of Wolfden Resources Corporation since August 12, 2009. He has been a Director of Premier Gold Mines Limited since May 29, 2006 and Mega Precious Metals Inc. since May 27, 2009. He serves as a Director of Alyris Gold Corporation. He has been a Director of Skybridge Development Corp. since May 26, 2008. He serves as a Director at several other exploration companies, including Source Exploration Inc., Newstrike Resources Inc., and Zinifex Canada Inc. He served as Director of Bridgeport Ventures Inc. since December 5, 2012. He served as a Director of Premier Royalty, Inc., from December 4, 2012 to May 14, 2013 and Newstrike Resources Ltd. from 2004 to April 2014. He served as an Executive Director of Sabina Gold & Silver Corp. from November 30, 2002 to May 2008 and Benton Capital Corp. (also known as Benton Resources Corp.) from December 8, 2003 to May 2012. He served as a Director of Gold Standard Ventures Corp. from July 13, 2010 to June 2012. He served as a Director of PC Gold Inc. from May 13, 2008 to August 2008. He served as Director of Marksmen Capital Inc. since March 11, 2008. He served as a Director of Halo Resources Ltd from May 31, 2004 to May 21, 2009. He served as a Director of Pediment Exploration Ltd. from February 2005 to August 2008 and Pediment Gold Corp. from February 28, 2005 to August 2008. He served as a Director of Anaconda Gold Corp. (now Anaconda Mining Inc.) from May 22, 2003 to May 2008. He served as a Director of King's Bay Gold Corp. and Source Exploration Corp. since August 1, 2008. He is a Mineral exploration contractor. He is the 2003 recipient of the Prospectors and Developers Association of Canada’s Bill Dennis Prospector of the year award and 2003 recipient of the Developer of the year award from the Northwest Ontario Prospectors Association. He received the Bernie Schnieders Discovery of the Year Award for 2005. Mr. Downie attended Business Administration at Lakehead University and also holds a diploma from Seneca College, King City, Ontario.

CEO Compensation
  • Ewan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ewan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Premier Gold Mines management team in years:

7
Average Tenure
51
Average Age
  • The average tenure for the Premier Gold Mines management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Begeman

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
64

Ewan Downie

TITLE
President
COMPENSATION
$2M
AGE
51
TENURE
13.1 yrs

Steve Filipovic

TITLE
Chief Financial Officer
COMPENSATION
$965K
AGE
49
TENURE
7 yrs

Brent Kristof

TITLE
Senior Vice President of Operations
COMPENSATION
$941K
TENURE
2.5 yrs

Stephen McGibbon

TITLE
Executive Vice President of Corporate & Project Development
COMPENSATION
$804K
AGE
59
TENURE
7.8 yrs

Shaun Drake

TITLE
Secretary
AGE
51

Matt Gollat

TITLE
Vice President of Business Development
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Premier Gold Mines board of directors in years:

4.8
Average Tenure
55
Average Age
  • The tenure for the Premier Gold Mines board of directors is about average.
Board of Directors

John Begeman

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
64
TENURE
4 yrs

Ewan Downie

TITLE
President
COMPENSATION
$2M
AGE
51
TENURE
13.1 yrs

John Seaman

TITLE
Lead Director
COMPENSATION
$165K
AGE
50

Claude Lemasson

TITLE
Director
COMPENSATION
$155K
AGE
53
TENURE
7 yrs

Ron Little

TITLE
Director
COMPENSATION
$160K
AGE
55
TENURE
3.9 yrs

Tony Makuch

TITLE
Director
COMPENSATION
$155K
AGE
60
TENURE
3 yrs

Mike Vitton

TITLE
Director
COMPENSATION
$160K
AGE
61
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Premier Gold Mines insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 19 Buy Matthew Gollat Individual 01. Apr 19 01. Apr 19 29,000 €1.05 €30,431
15. Mar 19 Buy Ewan Downie Individual 14. Mar 19 15. Mar 19 40,000 €1.14 €45,388
13. Mar 19 Buy Ewan Downie Individual 13. Mar 19 13. Mar 19 25,000 €1.17 €29,180
12. Mar 19 Buy Ewan Downie Individual 12. Mar 19 12. Mar 19 25,000 €1.17 €29,129
04. Feb 19 Buy Orion Mine Finance Company 31. Jan 19 31. Jan 19 7,000,000 €1.05 €7,342,293
06. Dec 18 Buy Brent Kristof Individual 03. Dec 18 03. Dec 18 20,000 €1.02 €20,392
06. Dec 18 Buy John Seaman Individual 06. Dec 18 06. Dec 18 10,000 €0.92 €9,163
05. Dec 18 Buy John Seaman Individual 05. Dec 18 05. Dec 18 10,000 €0.96 €9,550
05. Dec 18 Buy Ewan Downie Individual 04. Dec 18 05. Dec 18 25,000 €1.01 €24,676
29. Nov 18 Buy John Begeman Individual 29. Nov 18 29. Nov 18 2,000 €1.03 €2,056
27. Nov 18 Buy Ewan Downie Individual 27. Nov 18 27. Nov 18 15,000 €0.98 €14,746
22. Nov 18 Buy Ewan Downie Individual 22. Nov 18 22. Nov 18 8,000 €1.09 €8,707
21. Nov 18 Buy Ewan Downie Individual 20. Nov 18 20. Nov 18 7,000 €1.09 €7,651
20. Nov 18 Buy Matthew Gollat Individual 20. Nov 18 20. Nov 18 10,000 €1.07 €10,681
15. Nov 18 Buy Ewan Downie Individual 15. Nov 18 15. Nov 18 20,000 €1.12 €22,310
19. Nov 18 Buy Ewan Downie Individual 19. Nov 18 19. Nov 18 10,000 €1.09 €10,864
19. Nov 18 Buy Ewan Downie Individual 16. Nov 18 16. Nov 18 16,800 €3.18 €22,474
23. Oct 18 Buy Ronald Little Individual 22. Oct 18 22. Oct 18 30,000 €1.26 €37,736
27. Sep 18 Buy Ewan Downie Individual 27. Sep 18 27. Sep 18 5,000 €1.15 €5,744
26. Sep 18 Buy Ewan Downie Individual 26. Sep 18 26. Sep 18 5,000 €1.19 €5,975
25. Sep 18 Buy Matthew Gollat Individual 25. Sep 18 25. Sep 18 5,000 €1.20 €6,007
24. Sep 18 Buy Stephen McGibbon Individual 24. Sep 18 24. Sep 18 10,000 €1.24 €12,405
20. Aug 18 Buy Ewan Downie Individual 20. Aug 18 20. Aug 18 7,500 €1.32 €9,858
20. Aug 18 Buy Ewan Downie Individual 17. Aug 18 17. Aug 18 7,500 €1.33 €9,967
16. Aug 18 Buy Ewan Downie Individual 16. Aug 18 16. Aug 18 12,500 €1.29 €16,112
15. Aug 18 Buy Kerri Chaboyer-Jean Individual 15. Aug 18 15. Aug 18 4,800 €1.32 €6,342
15. Aug 18 Buy Ewan Downie Individual 15. Aug 18 15. Aug 18 15,000 €1.35 €19,700
14. Aug 18 Buy Ewan Downie Individual 14. Aug 18 14. Aug 18 10,000 €1.39 €13,908
10. Aug 18 Buy Ewan Downie Individual 10. Aug 18 10. Aug 18 10,000 €1.43 €14,152
23. Jul 18 Sell Matthew Gollat Individual 23. Jul 18 23. Jul 18 -2,500 €1.75 €-4,384
X
Management checks
We assess Premier Gold Mines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Premier Gold Mines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in Sonora, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Hardrock Gold property located in Ontario; a 100% interest in the McCoy-Cove project situated in Nevada; a 44% interest in the Rahil Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga Gold project situated in Red Lake Mining District, Ontario. The company was incorporated in 2006 and is headquartered in Thunder Bay, Canada.

Details
Name: Premier Gold Mines Limited
P2O
Exchange: DB
Founded: 2006
CA$266,964,514
210,430,482
Website: http://www.premiergoldmines.com
Address: Premier Gold Mines Limited
1100 Russell Street,
Suite 200,
Thunder Bay,
Ontario, P7B 5N2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PG Common Shares The Toronto Stock Exchange CA CAD 22. Aug 2006
OTCPK PIRG.F Common Shares Pink Sheets LLC US USD 22. Aug 2006
DB P2O Common Shares Deutsche Boerse AG DE EUR 22. Aug 2006
LSE 0R3F Common Shares London Stock Exchange GB CAD 22. Aug 2006
Number of employees
Current staff
Staff numbers
520
Premier Gold Mines employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:54
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.