TSE:ELR

0.18
0.00 (0.00%) 1d
0

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DON'T BUY

Shut down production recently. This type of situation is what usually happens at the bottom of a cycle, although this one may not be around to enjoy the upside of the cycle.

precious metals
DON'T BUY

Long in platinum/palladium as he feels the supply/demand fundamentals are really strong, particularly in palladium. This company has financing issues and is in South Africa so it has union and mining issues. Have a lot of fundamental challenges. Would recommend going to Stillwater Mining (SWC-N) instead.

precious metals
PAST TOP PICK

(A Top Pick Sept 29/11. Down 75%.) Had thought there was a fantastic cash value in this. It is still there at about $150 million. Had thought the South African situation in labour, costs and power issues were priced in but the challenges exacerbated to the downside. Stock is still great. Resources still there and this is trading at cash value but they can’t make money at these PGM levels. If you own, continue to hold.

precious metals
HOLD
(Market Call Minute.) Likes his sector. Fundamentally the company has had problems but he thinks they are turning it around.
precious metals
DON'T BUY
Gold, as a metal, has turned back up and this should drag along platinum. Overall earnings are declining about 20% year-over-year. Actual earnings growth is pretty modest at 8% for 2012. Prefers others.
precious metals
COMMENT
Platinum producer in Africa. Market value about $6-$7 hundred million and has about $350 million in cash. Bit of a setback at the beginning of 2011 with a strike and power issues. This is now behind them and was able to generate a very positive quarter. Unfortunately, the mine manager left and had an accident resulting in a mine closure for couple of days. But prices have come off and the stock is suffering from tax loss selling. Can perform really well once the market comes back.
precious metals
TOP PICK
South African PGM producer. Stock is roughly about $650 million in market cap with half of it in cash. Producing roughly 100,000 ounces of PGM material this year and will double in about 3 years time. Had a lot of operating issues in the last year, which has all been priced in.
precious metals
DON'T BUY
Platinum as a commodity is doing very well because of their use in auto catalysts. This company has had all kinds of operational issues. Not confident that management can get this under control.
precious metals
WEAK BUY
Platinum. Likes this as a hard asset play. Investing in platinum group metals tends to be very tricky as most of them are in South Africa, where he has reduced his exposure. Crocodile River mine had a strike and sabotage and stock has been absolutely hammered, so might be a good time to look at it.
precious metals
COMMENT
Chart doesn’t show anything really exciting. Going down in an up market. In a dipping trend and somewhat short term. If it drops below $1.25, you must exit.
precious metals
TOP PICK
Likes the platinum aspect and there are very few options. There industrial as well as consumer demand. Balance sheet looks good. Offers growth in production. It was overheated in ’08, which it is below at this point. They are back on track now. They are more likely a takeout target than Bear Creek.
precious metals
BUY
Likes it. Nears the price of platinum. South African producer. Likes the asset and production profile. Mostly used in auto sector and he thinks there will be significant growth.
precious metals
RISKY
Platinum has done very well, with gold. Demand is from jewelry as well as the auto industry. High risk and volatility, high cost producer.
precious metals
COMMENT
Platinum bottomed on December 24 and had a pretty nice move. Platinum and precious metals prices are still going higher. Remember to take profits around the end of May.
precious metals
BUY
Likes the space. There are very few ways to play it. Production profile is very strong. Always has been quite a liquid stock. Recovering automotive industry is one of the reasons it is doing well. Demand is rising. It’s more a pure play on Platinum.
precious metals
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Eastern Platinum Ltd.(ELR-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Eastern Platinum Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Eastern Platinum Ltd.(ELR-T) Frequently Asked Questions

What is Eastern Platinum Ltd. stock symbol?

Eastern Platinum Ltd. is a Canadian stock, trading under the symbol ELR-T on the Toronto Stock Exchange (ELR-CT). It is usually referred to as TSX:ELR or ELR-T

Is Eastern Platinum Ltd. a buy or a sell?

In the last year, there was no coverage of Eastern Platinum Ltd. published on Stockchase.

Is Eastern Platinum Ltd. a good investment or a top pick?

Eastern Platinum Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Eastern Platinum Ltd..

Why is Eastern Platinum Ltd. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Eastern Platinum Ltd. worth watching?

0 stock analysts on Stockchase covered Eastern Platinum Ltd. In the last year. It is a trending stock that is worth watching.

What is Eastern Platinum Ltd. stock price?

On 2024-11-20, Eastern Platinum Ltd. (ELR-T) stock closed at a price of $0.18.