PLM stock: buy or sell?

PLM stock price: $0.26 0.00% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

0

Polymet Mining ended on May 22nd at $0.26 and remained constant a tight 0.00%. On May 13th PLM plummed a scary -7.69%.

PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering a total area of approximately 16,700 acres comprising approximately 4,300 acres of leased mineral rights and the Erie Plant site totaling approximately 12,400 acres of freehold land located in northeastern Minnesota.

Should I buy PLM stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Polymet Mining stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Polymet Mining stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for PLM stock for the last month.

PLM stock analysis

Daily outlook

Polymet Mining closed on May/22 at $0.26 and remained stable a tight 0.00%.

Polymet Mining remained steady a tight 0.00% and closed at $0.26. From a daily outlook perspective, PLM is drawing an uptrend of rising tops and rising bottoms. Since its last top on May/12 at $0.29, price slid and found support around $0.25. Breaking down under $0.25 would cancel the current uptrend and it might slide further to test lower supports. Note that $0.29 might act as a resistance line. Trading the long side, we should wait to a new breakout over $0.29 to find the next buy point.

PLM stock chart (daily)

Weekly outlook

Polymet Mining shares eased -3.70% this week, ending at $0.26. Late April PLM climbed an astounding 7.41% in just one week.

PLM stock chart (weekly)

PLM stock price history

PLM IPO was on October 12th, 2000 at $0.31 per share1. Since then, PLM stock lost a -16.10%, with a yearly average of -0.80%.

1: Adjusted price after possible price splits or reverse-splits.

PLM stock historical price chart

PLM stock reached 52-week highs on January at $0.54, and all-time highs 2006-05-12 with a price of 4.24.

PLM stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price target for Polymet Mining stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Polymet Mining presented its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this report.
PLM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.01n/a
2017-Q2-n/a-0.01n/a
2017-Q3-n/a-0.01n/a
2017-Q4-n/a-0.01n/a
2018-Q1-n/an/an/a
2018-Q22018-08-09n/a-0.01n/a
2018-Q32018-09-13n/an/an/a
2018-Q42019-03-29n/a-0.01n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to , last anual revenues report draw of to million USD. , its earnings margin (compared to sales) to , that is million.

PLM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY

Quarterly financial results

Reported quarter earnings marked $-2.91 M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was inf%. When comparing sales to same quarter last year, Polymet Mining sales marked a neutral move and remained stable a nan%. Looking back to recent quarterly results, Polymet Mining posted 7 negative quarters in a row.
PLM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2

Polymet Mining ownership

When you are planning to invest in shares of a company, it's always worth to overview its ownership structure.

Polymet Mining shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 72.12% of all shares.

In case of Polymet Mining stock, 1.11% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PLM stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Polymet Mining:

PLM
Market cap$262.6 M
Total shares1,010.0 M
Float shares283.0 M
  - Institutional holdings (%)1.1%
  - Insider holdings (%)72.1%
Shares in short selling0.0%

PLM summary

Friday, May 22nd, 2020
Open$0.26
Close$0.26
Day range$0.25 - $0.26
Previous close$0.26
Session gain0.00%
Average true range$0.02
50d mov avg$0.24
100d mov avg$0.27
200d mov avg$0.29
Daily patternlb03a
Weekly pattern lb06a

Polymet Mining performance

To measure stock performance is always good to compare with competitors or related stocks. We compared Polymet Mining against in the following table:
Stock3m6m12m
PLMPolymet Mining-13.33%-13.33%-48.00%

Polymet Mining competitors

Unfortunately, we could not find any public company that could be defined as Polymet Mining competitor. This doesn't mean Polymet Mining does not have any competitor in the market, it's just we could not detected it.