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Eastern Platinum
(TSX:ELR)
Select Model
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Rating:44Neutral
Price Target:
C$0.37
▲(6.57% Upside)
Action:Reiterated
Date:08/29/26
The score is primarily constrained by weak financial performance (large losses, negative operating/free cash flow, and higher leverage). Technical indicators are relatively neutral with only mild positive momentum, offering limited offset. Valuation remains unattractive/uncertain due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
PGM and Tailings Asset Base
The combination of underground mining, surface operations, processing and tailings resources gives Eastern Platinum multiple avenues to recover PGMs. This asset breadth can support operational flexibility and extend value from existing South African resources.
Negative Factors
Deeply Negative Profitability
Deep losses and a very small gross margin show that the current operating model is not converting revenue into sustainable earnings. The swing from profitability in 2023 to losses in 2024–TTM highlights material execution and commodity-price sensitivity.
Read all positive and negative factors
Positive Factors
Negative Factors
PGM and Tailings Asset Base
The combination of underground mining, surface operations, processing and tailings resources gives Eastern Platinum multiple avenues to recover PGMs. This asset breadth can support operational flexibility and extend value from existing South African resources.
Read all positive factors
Eastern Platinum (ELR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$74.16M
Dividend YieldN/A
Average Volume (3M)189.19K
Price to Earnings (P/E)―
Beta (1Y)3.12
Revenue Growth6.78%
EPS Growth19.11%
CountryCA
Employees1,805
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.10
Shares Outstanding205,991,420
10 Day Avg. Volume187,847
30 Day Avg. Volume189,193
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)1.20
Price to Sales (P/S)1.25
P/FCF Ratio-8.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Eastern Platinum Business Overview & Revenue Model
Company Description
Eastern Platinum Limited, together with its subsidiaries, mines, explores, and develops platinum group metal and chrome properties in South Africa. The company’s PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium. It...
How the Company Makes Money
Eastern Platinum makes money primarily by producing and selling platinum group metals derived from its South African operations. Revenue is generated from (1) the sale of PGM-bearing concentrate and/or refined PGM products produced from mined ore ...
Eastern Platinum Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
38
Negative
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.37M | 61.59M | 62.51M | 106.94M | 49.83M | 68.20M |
| Gross Profit | 2.57M | 1.73M | 823.00K | 35.63M | 5.93M | 9.62M |
| EBITDA | -16.46M | -16.57M | -7.48M | 23.48M | 6.20M | 9.10M |
| Net Income | -19.65M | -18.37M | -12.78M | 13.76M | -2.50M | -2.71M |
Balance Sheet | ||||||
| Total Assets | 175.87M | 177.82M | 157.68M | 160.77M | 155.60M | 162.78M |
| Cash, Cash Equivalents and Short-Term Investments | 361.41K | 177.00K | 3.13M | 21.35M | 2.45M | 6.15M |
| Total Debt | 62.88M | 10.03M | 2.57M | 1.48M | 5.11M | 3.66M |
| Total Liabilities | 120.93M | 114.06M | 83.81M | 73.11M | 84.17M | 82.43M |
| Stockholders Equity | 55.43M | 64.24M | 74.28M | 88.08M | 71.87M | 122.48M |
Cash Flow | ||||||
| Free Cash Flow | -4.67M | -9.47M | -20.46M | 16.25M | -8.25M | -5.12M |
| Operating Cash Flow | -3.26M | -5.54M | -4.43M | 18.89M | -5.42M | 890.00K |
| Investing Cash Flow | -1.68M | -2.43M | -12.09M | -5.20M | 3.30M | -8.12M |
| Financing Cash Flow | 3.40M | 5.23M | 1.12M | 1.37M | 2.32M | 7.61M |
Eastern Platinum Technical Analysis
Negative
0.35
Price Trends
0.37
Negative
0.40
Negative
0.44
Negative
Market Momentum
>-0.01
Positive
45.55
Neutral
11.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELR, the sentiment is Negative. The current price of 0.35 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.37, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 11.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ELR.
Eastern Platinum Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$123.56M | -21.64 | -36.24% | ― | ― | -101.66% | |
53 Neutral | C$253.80M | 3.93 | 4.15% | 9.43% | -25.23% | -71.50% | |
46 Neutral | C$203.79M | -13.27 | -77.14% | ― | ― | -26.47% | |
44 Neutral | C$74.16M | -2.70 | -31.80% | ― | 6.78% | 19.11% | |
44 Neutral | C$248.97M | -21.23 | 82.09% | ― | 31.35% | 20.45% | |
39 Underperform | C$69.59M | -26.43 | -4.50% | ― | ― | 42.54% |
* Basic Materials Sector Average
TSE:ELR
Eastern Platinum
0.36
0.11
44.00%
TSE:DEF
Defiance Silver
0.19
-0.08
-28.85%
TSE:PGDC
Patagonia Gold
0.53
0.43
430.00%
TSE:LUC
Lucara Diamond
0.17
-0.02
-12.82%
TSE:CUAU
Forte Minerals Corp.
1.58
0.81
105.19%
TSE:ARK
Arras Minerals Corp
1.42
0.55
63.22%
Eastern Platinum Corporate Events
Business Operations and StrategyFinancial Disclosures
Eastern Platinum posts deeper Q2 loss as costs rise and liquidity tightens
Negative
Aug 13, 2026
Eastern Platinum reported a sharp deterioration in second-quarter 2026 results, with revenue falling nearly 26% to $7.9 million and mine operating income sinking into a $4.2 million loss as gross margin swung to -53% on lower PGM sales and higher ...
Business Operations and StrategyExecutive/Board Changes
Eastern Platinum Names Chair Changyu Liu Interim CEO in Planned Leadership Transition
Neutral
Aug 7, 2026
Eastern Platinum Limited has appointed board chairman Changyu Liu as interim president and chief executive officer, effective August 13, 2026, replacing outgoing CEO Wanjin Yang. The board emphasized that the change is not linked to the miner̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.