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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.17
PLM's Cash-to-Debt is ranked lower than
81% of the 1545 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 291.20 vs. PLM: 0.17 )
Ranked among companies with meaningful Cash-to-Debt only.
PLM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12  Med: 1.33 Max: No Debt
Current: 0.17
Piotroski F-Score: 3
Altman Z-Score: 0.24
Beneish M-Score: -4.03
WACC vs ROIC
4.26%
-2.38%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
ROE % -4.77
PLM's ROE % is ranked higher than
61% of the 1395 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -10.31 vs. PLM: -4.77 )
Ranked among companies with meaningful ROE % only.
PLM' s ROE % Range Over the Past 10 Years
Min: -10.75  Med: -4.89 Max: -2.59
Current: -4.77
-10.75
-2.59
ROA % -2.56
PLM's ROA % is ranked higher than
65% of the 1566 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -9.58 vs. PLM: -2.56 )
Ranked among companies with meaningful ROA % only.
PLM' s ROA % Range Over the Past 10 Years
Min: -7.48  Med: -3.11 Max: -1.82
Current: -2.56
-7.48
-1.82
ROC (Joel Greenblatt) % -2.26
PLM's ROC (Joel Greenblatt) % is ranked higher than
67% of the 1487 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -13.76 vs. PLM: -2.26 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PLM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.82  Med: -3.03 Max: -2.05
Current: -2.26
-8.82
-2.05
3-Year EBITDA Growth Rate -2.00
PLM's 3-Year EBITDA Growth Rate is ranked higher than
68% of the 1105 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -18.10 vs. PLM: -2.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
PLM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -56.3  Med: -10.7 Max: 158
Current: -2
-56.3
158
3-Year EPS without NRI Growth Rate -9.10
PLM's 3-Year EPS without NRI Growth Rate is ranked higher than
63% of the 990 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -20.60 vs. PLM: -9.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
PLM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -9.1 Max: 76.5
Current: -9.1
0
76.5
GuruFocus has detected 3 Warning Signs with PolyMet Mining Corp $PLM.
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» PLM's 30-Y Financials

Financials (Next Earnings Date: 2017-09-15 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q3 2015

PLM Guru Trades in Q3 2015

Mairs and Power 10,000 sh (unchged)
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PLM Guru Trades in Q4 2015

Mairs and Power Sold Out
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Q4 2016

PLM Guru Trades in Q4 2016

Jim Simons 304,809 sh (New)
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Q1 2017

PLM Guru Trades in Q1 2017

Jim Simons 34,226 sh (-88.77%)
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Business Description

Industry: Metals & Mining » Industrial Metals & Minerals    NAICS: 212234    SIC: 612
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Traded in other countries:POM.Canada, PB3.Germany,
Headquarter Location:Canada
PolyMet Mining Corp is a mine development company. It is engaged in exploring and developing natural resource properties in the NorthMet Project located in the established mining district of the Mesabi Iron Range in north-eastern Minnesota, USA.

PolyMet Mining Corp was incorporated in British Columbia, Canada on March 4, 1981 under the name Fleck Resources Ltd. The Company changed its name from Fleck Resources to PolyMet Mining Corp on June 10, 1998. The Company is engaged in the exploration and development of natural resource properties. The Company's primary mineral property is the NorthMet Project ("NorthMet" or "Project"), a polymetallic project in northeastern Minnesota, USA, which comprises the NorthMet copper-nickel-precious metals ore body and the Erie Plant, a processing facility located approximately six miles from the ore body.

Top Ranked Articles about PolyMet Mining Corp

PolyMet Reports First Quarter Fiscal 2017 Results

ST. PAUL, MINNESOTA--(Marketwired - Jun 15, 2016) - PolyMet Mining Corp. (TSX:POM)(NYSE MKT:PLM) - today reported that it has filed its financial results for the three months ended April 30, 2016. PolyMet controls 100 percent of the development-stage NorthMet copper-nickel-precious metals ore body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota. The financial statements have been filed at www.polymetmining.com and on SEDAR and EDGAR and have been prepared in accordance with International Financial Reporting Standards. All amounts are in U.S. funds. Copies can be obtained free of charge by contacting the Corporate Secretary at First Canadian Place, 100 King Street West, Suite 5700, Toronto, Ontario M5X 1C7 or by e-mail at [email protected]. "Since completion of the state's adequacy determination on the NorthMet Final Environmental Impact Statement in March, PolyMet is transforming from the extensive environmental review process into completion of permitting, financing, construction and operation of the Project," stated PolyMet president and CEO Jon Cherry. "We are working diligently to prepare permit applications to ensure that they include additional information beyond what is required in the Final EIS and are complete, accurate and consistent with the Final EIS. We plan to submit these permit applications in the coming weeks," Cherry concluded. Highlights of Fiscal 2017 to-date

On March 3, 2016, the state determined that the NorthMet Final EIS addresses the objectives defined in the EIS scoping review, meets procedural requirements, and responds appropriately to public comments. The 30-day period allowed by law to challenge the state's decision passed without any legal challenge being filed. The Final EIS demonstrates that the NorthMet Project can be constructed and operated in compliance with environmental and human health standards.
On April 19, 2016, the DNR, in partnership with the Pollution Control Agency and the Department of Health, held a Pre-application Public Informational Meeting that included an overview of the NorthMet Project and the permit to mine process together with a summary of other state permits such as tailings dam safety, water quality, air quality, and wetlands, that will be required to construct and operate the project.



The DNR laid out the process for the permit to mine, comprising: pre-application consultation; submission of formal applications that will be posted on the project website (http://polymet.mn.gov); formal regulatory review; publication of draft permit with an opportunity for public comment; and issuance of permits.



The pre-application consultation is underway and is intended to ensure permit applications are in order to expedite the review process. The DNR stated that the timeline for completion will be better defined once it has received the formal applications.
On June 2, 2016 the Company agreed to issue up to an additional $14.0 million secured debentures to Glencore AG, a wholly owned subsidiary of Glencore plc, to fund permitting and general corporate purposes, subject to the Company and Glencore agreeing to an Interim Financing Plan that addresses repayment of the outstanding debentures. The debentures are on similar terms as the existing non-convertible senior secured Tranche F-J Debentures.
Loss for the three months ended April 30, 2016, was $2.352 million compared with $3.558 million for the prior year period. General and administrative expenses for the three months ended April 30, 2016, excluding non-cash share-based compensation, were $1.213 million compared with $1.217 million for the prior year period. Other expenses were $0.512 million compared with $2.215 million for the prior year period, which included a one-time non-cash loss of $1.852 million on the disposal of wetland credit intangibles.
At April 30, 2016, the Company had cash of $1.879 million compared with $10.256 million at January 31, 2016. Subsequent to April 30, 2016 the Company received $3.000 million with the issuance of the Tranche K Debenture. At April 30, 2016 short-term debt totaled $37.442 million senior secured convertible debt and $49.840 million non-convertible debt, including $5.051 million due to the Iron Range Resources and Rehabilitation Board, secured by land that forms part of the proposed land exchange with the U.S. Forest Service.
PolyMet invested $6.858 million cash into its NorthMet Project during the three months ended April 30, 2016, compared with $5.806 million in the prior year period.
As of April 30, 2016, PolyMet had spent $107.651 million on environmental review and permitting, of which $101.200 million has been spent since the NorthMet Project moved from exploration to development stage.

Goals and Objectives for Remainder of Fiscal 2017 The environmental review and permitting process is managed by the regulatory agencies and, therefore, timelines are not within PolyMet's control. Given these circumstances, PolyMet's objectives include:

U.S. Forest Service Final Record of Decision on the proposed land exchange and transfer of title of the surface rights over and around the NorthMet mineral rights to PolyMet;
Submission of state permit applications;
Section 404 wetlands permit preparation for review;
Completion of Definitive Cost Estimate and Project Update following permits;
Completion of project implementation plan;
Repayment/conversion of Glencore and Iron Range Resources and Rehabilitation Board loans; and
Completion of construction finance plan including commitment of debt prior to the issuance of permits but subject to typical conditions precedent such as receipt of key permits.

Key Statistics


(in '000 US dollars, except per share amounts)





Balance Sheet



April 30, 2016


January 31, 2016








Cash & equivalents

$
1,879
$
10,256


Working capital (deficit)


(88,939)

2,162


Total assets


340,555

337,660


Total liabilities


157,188

153,003


Shareholders' equity


183,367

184,657







Three months ended April 30,


Income Statement




2016



2015


General & administrative expense excluding non-cash share-based compensation

$






1,213
$






1,217


Non-cash share-based compensation

$




627





126










Other Expenses








Finance & Other

$
512
$
363



Non-cash loss on disposal of Intangibles

$
-
$
1,852


Loss before tax

$
2,352
$
3,558



Other Comprehensive (Income)

$
(56)
$
(16)



Loss per share

$
0.01
$
0.01


Investing Activities








NorthMet Property

$
6,858
$
5,806


Weighted average shares outstanding
277,679,075

276,470,266











About PolyMet PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that owns 100 percent of Poly Met Mining, Inc., a Minnesota corporation that controls 100 percent of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100 percent of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Iron Range in northeastern Minnesota. Poly Met Mining, Inc. has completed its Definitive Feasibility Study. The NorthMet Final EIS was published in November 2015, preparing the way for operating permits to construct and operate the mine. NorthMet is expected to require approximately two million hours of construction labor, creating approximately 360 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy. POLYMET MINING CORP. Jon Cherry, CEO PolyMet Disclosures This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions. PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change. Specific reference is made to PolyMet's most recent Annual Report on Form 20-F for the fiscal year ended January 31, 2016 and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission, including our Report on Form 6-K providing information with respect to our operations for the three months ended April 30, 2016, for a discussion of some of the risk factors and other considerations underlying forward-looking statements. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.





Media
PolyMet Mining Corp.
Bruce Richardson
Corporate Communications
1 (651) 389-4111
[email protected]
Investor Relations
PolyMet Mining Corp.
Jenny Knudson
Investor Relations
1 (651) 389-4110
[email protected]




Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.01
PLM's PB Ratio is ranked higher than
75% of the 1388 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.03 vs. PLM: 1.01 )
Ranked among companies with meaningful PB Ratio only.
PLM' s PB Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 2.3
Current: 1.01
0
2.3
Current Ratio 5.10
PLM's Current Ratio is ranked higher than
70% of the 1502 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.17 vs. PLM: 5.10 )
Ranked among companies with meaningful Current Ratio only.
PLM' s Current Ratio Range Over the Past 10 Years
Min: 0.11  Med: 3.79 Max: 8.03
Current: 5.1
0.11
8.03
Quick Ratio 5.10
PLM's Quick Ratio is ranked higher than
71% of the 1502 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 1.71 vs. PLM: 5.10 )
Ranked among companies with meaningful Quick Ratio only.
PLM' s Quick Ratio Range Over the Past 10 Years
Min: 0.11  Med: 3.79 Max: 8.03
Current: 5.1
0.11
8.03

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -4.90
PLM's 3-Year Average Share Buyback Ratio is ranked higher than
61% of the 1131 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -12.90 vs. PLM: -4.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PLM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -45.3  Med: -11.9 Max: -4.9
Current: -4.9
-45.3
-4.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.02
PLM's Price-to-Tangible-Book is ranked higher than
78% of the 1342 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.29 vs. PLM: 1.02 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
PLM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.02  Med: 2.54 Max: 12.36
Current: 1.02
1.02
12.36
Earnings Yield (Greenblatt) % -2.58
PLM's Earnings Yield (Greenblatt) % is ranked lower than
62% of the 1748 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -0.10 vs. PLM: -2.58 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PLM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2.65  Med: 0 Max: 0
Current: -2.58
-2.65
0

More Statistics

EPS (TTM) $ -0.04
Beta0.78
Short Percentage of Float1.56%
52-Week Range $0.62 - 1.14
Shares Outstanding (Mil)318.55

Analyst Estimate

Jan18
Revenue (Mil $)
EPS ($) -0.03
EPS without NRI ($) -0.03
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for PLM

Headlines

Articles On GuruFocus.com
PolyMet Completes Initial US$19.5 Million Private Placement Oct 18 2016 
PolyMet Expands Financing to US$30 Million Oct 12 2016 
PolyMet Announces US$10 Million Private Placement Sep 20 2016 
PolyMet Reports Second Quarter Fiscal 2017 Results Sep 15 2016 
PolyMet Reports First Quarter Fiscal 2017 Results Jun 15 2016 
PolyMet Reports Fiscal 2016 Results Apr 22 2016 
PolyMet Permitting Process Initiated Mar 17 2016 
PolyMet Final EIS Validated by State of Minnesota Clears Path for Permit Applications Required for C Mar 03 2016 
PolyMet Secures Additional US$11 Million Loan From Glencore Jan 27 2016 
PolyMet Reports Third Quarter Fiscal 2016 Results Dec 16 2015 

More From Other Websites
PolyMet Reports Fiscal 2017 Results Apr 21 2017
Polymet Mining reports 4Q loss Apr 20 2017
U.S. Forest Service Issues Final Record of Decision Authorizing PolyMet Land Exchange Jan 09 2017
Polymet Mining Corp. :PLM-US: Earnings Analysis: Q3, 2017 By the Numbers : December 27, 2016 Dec 27 2016
PolyMet Reports Third Quarter Fiscal 2017 Results Dec 08 2016
PolyMet Submits Permit to Mine Application to Minnesota Department of Natural Resources Nov 03 2016
PolyMet Raises Total of $30.1 Million With Completion of Second Tranche of New Equity Capital Oct 28 2016
PolyMet Completes Initial US$19.5 Million Private Placement Oct 18 2016
PolyMet Expands Financing to US$30 Million Oct 12 2016
Post Earnings Coverage as PolyMet Reports Q2 Financial Results Sep 19 2016
PolyMet Reports Second Quarter Fiscal 2017 Results Sep 15 2016
PolyMet Submits Air Quality Permit Application to Minnesota Pollution Control Agency Aug 24 2016
PolyMet Project Update at Shareholders' Meeting Jul 14 2016
PolyMet Submits Water-Related Permit Applications to the State of Minnesota Jul 11 2016
PolyMet Reports First Quarter Fiscal 2017 Results Jun 15 2016
New Strong Sell Stocks for May 19th May 19 2016
PolyMet Final EIS Validated by State of Minnesota Clears Path for Permit Applications Required for... Mar 03 2016

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