PLM stock: buy or sell?

PLM stock price: $0.30 3.45% At close on January 17th, 2020

Updated on:
January 17th, 2020

0

Polymet Mining closed yesterday at $0.30 and climbed an impressive 3.45%. On Monday PLM plummed a chilling -50.00%. On January/9 PLM boosted an exceptional 17.50%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Polymet Mining stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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 post stock ratings everyday. Unfortunately, we couldn't detect any rating for PLM stock for the last month.

PLM stock analysis

Daily outlook

Polymet Mining shares climbed 3.45% to $0.30 yesterday.

Polymet Mining shares climbed 3.45% to $0.30 yesterday. PLM is retaking the upward trend marking a new rising bottom heading to break out over $0.54.

PLM stock chart (daily)

Weekly outlook

After boosting an astounding 38.10% in a week last week, Polymet Mining closed this week at $0.30 and collapsed a dreadful -28.57%.

PLM stock chart (weekly)

PLM stock price history

PLM stock went public on October 12th, 2000 with a price of $0.311. Since then, PLM stock lost a -3.20%, with a yearly average of -0.20%.

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

PLM stock historical price chart

PLM stock reached 52-week highs on March at $0.91, and all-time highs 2006-05-12 with a price of 4.24.

PLM stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for Polymet Mining stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Polymet Mining published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
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

In , Polymet Mining annual turnover to million dollars from marked in . When comparing vs , , profit margin (that is, the net income divided by revenues) a to .

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

Quarterly financial results

Reported quarter income marked $-2.91 million with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was inf%. When comparing revenues to same quarter last year, Polymet Mining sales marked a tight movement and remained constant 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 buy a stock, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Polymet Mining, of all outstanding shares are owned by its staff.

Bearish positions for PLM stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

PLMHBM
Market cap$303.0 M$987.6 M
Total shares1,010.0 M261.3 M
Float shares279.0 M196.0 M
  - Institutional holdings (%)0.0%69.4%
  - Insider holdings (%)0.0%0.2%
Shares in short selling0.0%0.0%

PLM summary

Friday, January 17th, 2020
Open$0.32
Close$0.30
Day range$0.29 - $0.32
Previous close$0.29
Session gain3.45%
Average true range$0.06
50d mov avg$0.30
100d mov avg$0.31
200d mov avg$0.38
Daily patternlb02a
Weekly pattern

Polymet Mining performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Polymet Mining against Array in the following table:
Stock3m6m12m
PLMPolymet Mining-9.09%-25.00%-61.54%
HBMHudbay Minerals5.00%-30.64%-32.98%

Polymet Mining competitors

Creating a list of competitors for Polymet Mining it's difficult. We selected just one public company that in our opinion is related to and can be considered Polymet Mining competitor: