Platinum Group Metals Ltd. (TSX:PTM) is based in Vancouver, British Columbia with operations in Johannesburg, South Africa. The company was formed in 2000 and is focused on the development of platinum operations. The company holds significant mineral rights in the Bushveld Igneous Complex of South Africa, host to over 70% of the world’s platinum production.
Platinum Group Metals has a market cap of $124.15 million, an enterprise value of $143.92 million, a forward P/E ratio of 1666.67 and a quick ratio of 3.02.
In the fourth quarter of 2015, insiders at Platinum Group Metals have been loading up on the company's shares.
President, CEO and Director R. Michael Jones purchased 685,000 shares of Platinum Group Metals. Jones has over 25 years of experience as a professional geological engineer and has been involved with the raising of over $1 billion for exploration, mining development and production globally.
CFO, Corporate Secretary and Director Hallam Frank purchased 640,000 shares. Frank was the original founder of New Millennium Metals Corp., a predecessor company to Platinum Group Metals. Frank has extensive operating and financial experience at the senior management level with several TSX and NYSE listed resource companies and has over 20 years of experience working in East and South Africa.Â
Peter C. Busse, the company's chief operating officer, purchased 450,000 shares. Busse has over 40 years of mining experience including extensive knowledge of mine management, engineering and design.Â
Timothy Marlow purchased 337,500 shares. Marlow has more than 30 years of mining engineering and mine operating experience in North America, South America, Africa and Asia. He has held roles ranging from project engineer, services and maintenance superintendent. His mining and project experience spans the world and he has specific African experience in Ghana and Zambia.
Kris Begic is the vice president of Corporate Development for Platinum Group Metals. In the fourth quarter of 2015, he purchased 311,250 shares of the company. Begic has over 15 years of experience in the mining industry and capital markets and has been involved with raising over $400 million for various exploration and development projects globally.
Director Ian McLean purchased 342,765 in the fourth quarter. McLean has business experience in mine operations and senior management positions in technology companies. Currently McLean is CEO of MineSense Technologies, a technology company based in Vancouver.
Below is a Peter Lynch Chart for Platinum Group Metals.
Platinum Group Metals has one good sign according to GuruFocus, which is the price is close to the 10-year low. The company also has no debt.
GuruFocus also gives Platinum Group Metals a few severe warning signs. The Piotroski F-Score is low with a ranking of 3; this usually implies poor business operation. The company also has a Beneish M-Score of 0.81, which implies that it might have manipulated its financial results.
It is definitely noteworthy that insiders purchased more than 2.7 million shares in the fourth quarter. The company's management has decades of experience in the mining industry and the company is reported to be in no debt. Platinum Group Metals also holds significant mineral rights in the Bushveld Igneous Complex of South Africa, host to over 70% of the world’s platinum production.
Cheers to your investment success.
Disclaimer: Author does not currently own any shares of this stock.
