Opinions Jaime Carrasco
North American PalladiumPDL.TOPAST TOP PICKJan 23, 2020
(A Top Pick Mar 15/19, Up 17%) Taken over. Encouraging to see the M&A activity.
$19.73
Stock price when the opinion was issued
$19.73
As of Dec 16, 2019. Market Open.
precious metals
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BUY
Palladium has gone up in price. It is used in catalytic converters. The demand has goes up with the movement away from diesel engines. He thinks the stock will continue to do well. He thinks there is still lots of good opportunity.
Robert McWhirterOwned
precious metals
BUY
The company has come up against technical resistance at 1.5 times book value. The upside potential is 124%, his model says. The book value is $11 and acts as the floor for the share price. It paid a special one-time dividend recently. A very strong balance sheet. You would not get massacred buying it here.
precious metals
PARTIAL SELL
Had a beautiful run-up this past year and he kept selling it during this period. He still holds it. There are few palladium producers. PDL continues to re-organize its company. Be patient. Palladium has already had its move, though prices may rise a little further.
Jaime CarrascoOwned
precious metals
BUY
He owns this personally. It ranks #3 on his list of 700 stocks. Commodity prices are trading near new highs. They had a 22% earnings surprise. Things look good. Payout ratio is only 1% -- lots of room to grow the dividend. Yield 2.6%
Robert McWhirterOwned
precious metals
TOP PICK
Brookfield has been very interested in this palladium mining operation in Northern Ontario. It has become a good cash flow generator. It trades at half the value of a typical precious metal mining operation, has no debt, and is expanding it production by 30% by 2021. Margins are 40% and will likely rise to 60%. Free cash flow will grow to its current market cap, he expects. Yield 2.76% (Analysts’ price target is $18.00)
Dennis da SilvaOwned
precious metals
BUY
Likes it and is a major holding of his. Palladium prices got a hell of a spike due to demand from China, and there's limited supply from North America. He will average down over time.
Jaime CarrascoOwned
precious metals
PAST TOP PICK
(A Top Pick Jun 22/18, Up 57%) The Chinese and Russians have stopped selling us palladium and so now we have a problem. Palladium pricing has gone from $800 last August to $1500 today.
Jaime CarrascoOwned
precious metals
