Eastern Platinum Ltd. (ELR.TO) Buy, Sell or…

Eastern Platinum Ltd. (ELR.TO)

0.32

-0.12 (26.44%)

as of Jun 5, 2026, 7:59:57 pm Market Open.

19 watching

BUY

There is a resurgence in demand for platinum. No debt. There is a new ETF on platinum that could suck up some of the supply. Margins can expand and this should have good upside.

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BUY ON WEAKNESS

Platinum prices do very well from the beginning of January through until the end of May. The Buy signal came early this year on Dec 24. This one went up over 50% in a matter of 3 weeks. We are just at the beginning of seasonal strength. Anywhere around $1.20 would be an interesting entry point.

BUY

This one has a lot of exploration/development risk. Chart looks good. Had about 13% gain on strong volume. Strong potential to go down to $1.10 but $1.70-$2 is quite possible by year-end.

TOP PICK

South African platinum producer. Have been ramping up production. Have a number of other properties that can increase their production profile going forward. Good coverage to weigh to play platinum recovery.

COMMENT

Likes platinum. Doesn't think it's going to skyrocket but has bottomed. South Africa is a major player and you need to look there for growth. Anooraq (ARQ-X) has made a major deal and will end up being the fourth largest producer. Very little growth in platinum.

HOLD

(Market Call Minute.) Cheap. Unique because it is platinum.

DON'T BUY

South African platinum mine. Along with golds and other precious metals, there will be a lot of pressure on these stocks. Stock could easily see $1.34. Could have a quick bounce up to $2.

COMMENT

Platinum prices are high because of problems in South Africa, with their endemic power failures. This company could well be a takeover target by Exstrata (?).

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BUY

A beautiful chart. In an uptrend and is breaking to new highs when the whole rest of the market is not. Have a stoploss based on the uptrend. Draw your line on the lows and if it goes below that line you may want to hold it for 3 days. (Maybe $3?) Make up your own rules.

SELL

Developing a platinum project in South Africa. South Africa is undergoing a very serious energy crisis and this has hit the mining sector, which could take a long time to fix. Platinum is currently at sky-high prices and any slowdown will bring commodity prices down.

TOP PICK

Picked this one because it is a lower-priced stock. A little bit speculative. Has come out of a huge base. $2-$2.25 would be a very important support level and you don't want to see it below this.

COMMENT

Likes the platinum space. Lots of takeover rumours that has created a lot of volume and good stock price. Prefers companies that do not have the rumours. Well run and well managed and a good project.

BUY

Mining platinum in South Africa. Acquired a couple of interesting projects. Now at the point where we should see some real action in mining.

BUY ON WEAKNESS

Platinum. Well-run company. Anything in the platinum/palladium area, particularly in South Africa, should continue to do well. Could have a small correction.

BUY

In general, platinum stocks have done well. The entry point would be when it broke through its downtrend at the beginning of this year. Broke out of a descending triangle.

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Eastern Platinum Ltd. (ELR.TO)