Panther Metals Plc (PALM) AI Stock Analysis

• Market Cap: £4.96M
• Dividend Yield: N/A
• Average Volume (3M): 24.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.21
• Shares Outstanding: 6,983,986
• 10 Day Avg. Volume: 39,693
• 30 Day Avg. Volume: 24,312
• PEG Ratio: <0.01
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: 71.00p ▲(9.23% Upside)

The score is held back primarily by weak financial performance (pre-revenue, losses, and persistent cash burn) and a negative P/E driven by unprofitable operations. Technicals provide a partial offset with positive momentum and price strength versus moving averages, though indicators appear stretched.

Positive Factors

Low Leverage

Modest leverage (very low debt-to-equity) gives a junior explorer durable financial flexibility. With limited borrowing needs, the company faces lower refinancing and interest risk, which helps preserve runway for exploration, supports partnership options, and reduces forced asset sales in adverse cycles.

Exploration-focused Asset Optionality

A project-driven exploration model provides long-term optionality: successful discoveries can transform fundamentals and scale value through development or JV transactions. This asset-centric approach aligns with enduring demand for metals and allows capital-efficient growth via selective acquisitions and partnerships.

Improving Cash Burn Trend

A reduction in absolute free-cash-flow loss versus earlier years signals improving cost control and operational discipline. If sustained, a lower cash burn extends the financing runway, reduces near-term capital needs, and increases the likelihood management can advance key exploration work without immediate dilutive financings.

Negative Factors

Pre-revenue and Recurring Losses

No operating revenue and recurrent net losses are a structural weakness for a junior explorer: absent commercial production or asset monetization, the business lacks internal cash generation and earnings visibility. Long-term viability depends on costly exploration success or continued external funding.

Persistent Negative Operating & Free Cash Flow

Consistent negative operating and free cash flow creates an enduring financing requirement. This structural cash deficit increases dilution risk from recurring capital raises, constrains the pace at which projects can be advanced, and limits the firm's ability to self-fund multi-year exploration programs without partners.

Equity Erosion and Volatile Earnings

Material decline in shareholders' equity and negative ROE reflect capital erosion from losses, reducing the balance-sheet cushion. This weaker equity base limits the company's capacity to absorb setbacks, heightens the chance of dilutive capital raises, and undermines ability to self-finance larger exploration or development steps.

Panther Metals Plc Business Overview & Revenue Model

Company Description

Panther Metals PLC operates as a mineral exploration company in Canada and Australia. The company holds 100% interest in Obonga Greenstone Belt project; Dotted Lake project; Big Bear Gold project, and Manitou Lakes project located in Ontario, Canada. It also holds interests in Annaburroo and Marrakai gold project areas located in the Northern Territory, Australia. Panther Metals PLC was formerly known as London Nusantara Plantations Plc and changed its name to Panther Metals PLC in April 2018. The company was incorporated in 2013 and is based in London, the United Kingdom.

How the Company Makes Money

Panther Metals Plc Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.24M	-2.21M	498.51K	-736.47K	-126.27K	-668.20K
Net Income	-2.31M	-2.21M	269.18K	-953.00K	-126.00K	-668.00K
Balance Sheet
Total Assets	2.59M	3.04M	4.26M	3.55M	2.67M	1.63M
Cash, Cash Equivalents and Short-Term Investments	27.29K	17.54K	66.12K	48.86K	100.59K	241.19K
Total Debt	0.00	172.50K	406.50K	0.00	0.00	0.00
Total Liabilities	515.12K	924.13K	704.48K	336.44K	262.61K	107.42K
Stockholders Equity	2.07M	2.11M	3.56M	3.21M	2.41M	1.52M
Cash Flow
Free Cash Flow	-552.02K	-291.54K	-562.01K	-1.58M	-1.08M	-1.24M
Operating Cash Flow	-552.02K	-291.54K	-368.09K	-625.98K	-556.75K	-881.74K
Investing Cash Flow	-415.80K	-132.04K	35.35K	-949.66K	-523.86K	-359.51K
Financing Cash Flow	758.16K	375.00K	350.00K	1.52M	940.00K	1.48M

Panther Metals Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
WSBN	51 Neutral	£28.71M	-7.14	-14.14%	―	―	―
PALM	49 Neutral	£4.96M	-1.42	-91.05%	―	―	―
CGNR	49 Neutral	£8.85M	-11.50	-2.46%	―	―	―
HAMA	46 Neutral	£7.12M	-1.47	-86.67%	―	―	―

Panther Metals Plc Corporate Events

Panther Metals Advances Winston Tailings Project with Extrakt Metallurgical Deal

Panther Metals has appointed US-based Extrakt Process Solutions to carry out phased metallurgical testwork at its Winston Tailings Project in Ontario, a key step toward securing a Recovery of Minerals Permit and progressing the project to a potential cashflow-generating operation. The Phase 1 programme will characterise tailings from the historic Winston Lake Mine and generate baseline extraction data for gold, gallium, indium, silver, zinc, copper and cobalt, underpinning a forthcoming mineral resource estimate by SRK and supporting the case for economically viable reprocessing of tailings, which could unlock residual metal value and contribute to site rehabilitation. The move aligns Panther’s broader Canadian strategy, which also includes advancing its Obonga VMS and critical minerals district and its Hemlo-adjacent Dotted Lake gold project, both of which have seen recent permitting and drilling progress that enhance the company’s exploration pipeline and long-term growth prospects.

The most recent analyst rating on (GB:PALM) stock is a Hold with a £66.00 price target. To see the full list of analyst forecasts on Panther Metals Plc stock, see the GB:PALM Stock Forecast page.

Panther Metals Hails Transformational 2025 as It Primes Canadian Projects and Eyes North American Listing

Panther Metals PLC reported a year of substantial technical and strategic progress in 2025, highlighting material advances across its Canadian portfolio, strengthened industry and investor engagement, and an improved balance sheet following equity raises. The company refined geological models, advanced metallurgical work and de-risked key projects including the Wishbone VMS prospect at Obonga, the Winston tailings project—where multi-metal potential has been confirmed and an independent mineral resource estimate is under way—and the Dotted Lake gold project, where recent drilling and studies have expanded mineralisation and reinforced its strategic importance. Looking ahead, Panther is preparing a dual listing in North America to tap deeper capital markets, while focusing on developing a robust cash-flow model and accelerating work on its core assets, positioning 2026 as a potentially transformational year for growth, value creation and broader market recognition within the Canadian exploration sector.

Panther Metals Appoints New CFO to Strengthen Leadership

Panther Metals Plc has announced the appointment of Katherine O’Reilly as the new Chief Financial Officer, effective immediately. With extensive experience in finance, commercial, legal, and HR roles, O’Reilly is expected to bring significant expertise to support the company’s operations and growth.

Panther Metals Advances Winston Tailings Project with New Drilling Program

Panther Metals Plc has appointed Platinum Diamond Drilling Inc. to conduct a Mineral Resource drilling program at the Winston Tailings Project in Ontario, Canada. This initiative aims to validate historical recovery data and produce a CIM-compliant Mineral Resource estimate, which is crucial for advancing the project through the recovery permitting process. The project has the potential to significantly transform Panther’s business by unlocking residual metal value from the historic Winston Lake Mine tailings, contributing to both near-term production and long-term environmental rehabilitation. The company is focused on rapidly advancing the project to a cash-generating operation, with the Mineral Resource Estimate (MRE) being a key step in this process.

Panther Metals Faces Setback in Pick Lake Option but Pursues Other Opportunities

Panther Metals Plc announced the termination of its Option and Sale and Purchase Agreement with Frontier Energy Ltd due to its inability to raise the required capital in London. Despite this setback, the company remains focused on commercializing the tailings at the Winston mine site and continues to explore opportunities at its Obonga and Dotted Lake projects. The termination of the agreement highlights challenges in capital acquisition but does not affect Panther’s separate agreement with First Quantum Minerals Ltd. Panther’s ongoing exploration efforts, particularly in the Obonga Project, demonstrate its commitment to unlocking district-scale mineral systems with significant commercial potential.

Panther Metals Raises Over £655,000 in Successful Share Offering

Panther Metals Plc has successfully raised approximately £655,569.60 through a WRAP Retail Offer and Placing, issuing a total of 1,092,616 new ordinary shares. This capital raise supports Panther Metals’ ongoing exploration and development activities, enhancing its financial position and potentially strengthening its market presence in the mineral exploration sector.

Panther Metals Launches Retail Offer to Raise £100,000

Panther Metals Plc has announced a retail offer through the Winterflood Retail Access Platform to raise up to £100,000 by issuing new ordinary shares to existing UK shareholders. This initiative follows a previous raising of £600,000 through a placement to the CEO, Darren Hazelwood, with the proceeds from both initiatives aimed at supporting the company’s operations. The WRAP Retail Offer is conditional on the completion of the Placing and the admission of new shares to the London Stock Exchange, with trading expected to commence on 31 October 2025.

Panther Metals Raises £600,000 to Advance Winston Project

Panther Metals Plc has successfully raised £600,000 through a placement of 1,000,000 new ordinary shares at 60 pence per share, representing a discount to the previous market price. This fundraising effort aims to support the company’s focus on delivering tailings production by the end of 2026, with proceeds being used to attain a Mineral Resource Estimate at the Winston project, which is crucial for partner offtake discussions.

Panther Metals Extends Agreement for Promising Winston Project

Panther Metals Plc has announced an extension to the Option and Sale and Purchase Agreement with Frontier Energy Ltd for the Winston Project, a high-grade critical mineral mine in Ontario, Canada. The project, which has strong economic prospects based on a 2021 Feasibility Study, is expected to generate significant annual EBITDA and has the potential for further resource expansion. The project is supported by strong institutional and governmental backing, and Panther Metals plans to leverage its local exploration network to extend the mine’s life and enhance its value.