Prime Mining Corp.

OTCPK:PRMN.F Stock Report

Market Cap: US$148.7m

Prime Mining Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRMN.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PRMN.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PRMN.F's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRMN.F?

Key metric: As PRMN.F is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PRMN.F. This is calculated by dividing PRMN.F's market cap by their current book value.
What is PRMN.F's PB Ratio?
PB Ratio6.6x
BookCA$33.55m
Market CapCA$208.56m

Price to Book Ratio vs Peers

How does PRMN.F's PB Ratio compare to its peers?

The above table shows the PB ratio for PRMN.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average7.9x
IDR Idaho Strategic Resources
4.9x30.3%US$158.5m
REEM.F Rare Element Resources
6.7xn/aUS$188.4m
USGO U.S. GoldMining
13.1xn/aUS$149.1m
USAU U.S. Gold
6.8xn/aUS$82.4m
PRMN.F Prime Mining
6.6xn/aUS$208.6m

Price-To-Book vs Peers: PRMN.F is good value based on its Price-To-Book Ratio (6.6x) compared to the peer average (7.8x).

Price to Book Ratio vs Industry

How does PRMN.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.1xn/aUS$6.20m
LITM Snow Lake Resources
0.2xn/aUS$3.58m
PRMN.F 6.6xIndustry Avg. 1.7xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PRMN.F is expensive based on its Price-To-Book Ratio (6.6x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is PRMN.F'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.

PRMN.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio6.6x
Fair PB Ration/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PRMN.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.08
US$3.03
+180.4%
8.7%US$3.40US$2.68n/a5
Nov ’25US$1.32
US$3.09
+134.3%
9.0%US$3.40US$2.69n/a6
Oct ’25US$1.20
US$3.05
+154.8%
14.7%US$3.54US$2.23n/a6
Sep ’25US$1.20
US$2.82
+134.8%
20.1%US$3.48US$2.02n/a6
Aug ’25US$1.32
US$2.82
+114.3%
20.1%US$3.48US$2.02n/a6
Jul ’25US$1.30
US$2.82
+117.4%
20.1%US$3.48US$2.02n/a6
Jun ’25US$1.64
US$2.82
+71.6%
20.1%US$3.48US$2.02n/a6
May ’25US$1.58
US$2.96
+86.8%
17.0%US$3.48US$2.12n/a5
Apr ’25US$1.59
US$2.90
+82.6%
16.5%US$3.50US$2.14n/a5
Mar ’25US$1.70
US$2.90
+70.7%
20.9%US$3.52US$1.96n/a4
Feb ’25US$1.69
US$2.91
+72.2%
20.9%US$3.53US$1.97n/a4
Jan ’25US$1.12
US$2.94
+164.1%
22.3%US$3.70US$1.96n/a4
Dec ’24US$1.26
US$2.88
+129.6%
22.3%US$3.62US$1.92n/a4
Nov ’24US$0.94
US$2.87
+205.7%
22.3%US$3.62US$1.92US$1.324
Oct ’24US$0.88
US$3.10
+251.2%
19.9%US$3.69US$2.25US$1.204
Sep ’24US$1.15
US$3.10
+169.6%
19.9%US$3.69US$2.25US$1.204
Aug ’24US$1.35
US$3.94
+192.7%
38.9%US$6.80US$2.30US$1.325
Jul ’24US$1.33
US$3.85
+189.2%
38.9%US$6.64US$2.25US$1.305
Jun ’24US$1.56
US$3.85
+146.0%
38.9%US$6.64US$2.25US$1.645
May ’24US$1.65
US$3.85
+133.1%
38.9%US$6.64US$2.25US$1.585
Apr ’24US$1.86
US$3.83
+105.7%
40.2%US$6.69US$2.23US$1.595
Mar ’24US$1.50
US$3.83
+155.1%
40.2%US$6.69US$2.23US$1.705
Feb ’24US$1.59
US$4.24
+167.2%
34.8%US$6.70US$2.79US$1.694
Jan ’24US$1.39
US$4.34
+212.1%
37.8%US$6.60US$2.75US$1.123
Dec ’23US$1.18
US$4.27
+261.4%
34.8%US$6.75US$2.81US$1.264
Nov ’23US$0.89
US$4.32
+388.0%
30.9%US$6.62US$3.31US$0.944

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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