|Bid||19.64 x 0|
|Ask||19.65 x 0|
|Day's Range||19.60 - 19.66|
|52 Week Range||9.12 - 26.30|
|Beta (3Y Monthly)||2.11|
|PE Ratio (TTM)||6.94|
|Earnings Date||Aug. 2, 2018 - Aug. 3, 2018|
|Forward Dividend & Yield||0.53 (2.73%)|
|1y Target Est||22.06|
North American Palladium Ltd. (TSX:PDL) has been having a good run this year. Here’s why the stock is a buy, plus one strong uranium play.
A $1-billion sales agreement announced Monday represents the culmination of a six-year turnaround for Toronto-based miner North American Palladium Inc., its president and CEO says.On a conference call to discuss the deal to sell the company to South African miner Impala Platinum Holdings Ltd., Jim Gallagher said NAP was in severe financial distress following a poorly executed mine expansion in 2013 when financier Brookfield Capital Partners stepped in with a US$130-million loan.In 2015, with the company still struggling, Brookfield converted its loan to equity to become the majority owner, on the understanding that it would sell its stake when the turnaround was complete."That day has come today. We have a sale of the company in an all-cash deal at near-record palladium prices and, except for a two-day blip in March of this year, at near-record high share prices," said Gallagher on a conference call to discuss the deal."From virtual bankruptcy four years ago, we now have a sale to the tune of $1 billion."Impala Platinum, which uses the nickname Implats, has offered to pay $16 per share to Brookfield Business Partners LP, the majority shareholder with 81 per cent of the stock, and $19.74 per share for the remaining stake, resulting in an average price per share of $16.77.Negotiations with Implats began in July and the companies had unofficially set a price of around $16 per share, Gallagher explained. The higher price for minority shareholders was agreed upon in recognition of the more recent rise in share prices.North American Palladium has been producing palladium, a lustrous white material valued for its use in pollution-control devices for cars and trucks, for 25 years at its Lac des Iles Mine at Thunder Bay, Ont. It's also involved in two exploration projects.“Implats has had an exploration presence in Canada for more than two decades and over the past three years we have developed a strong relationship with and understanding of NAP and its management team and operations," said CEO Nico Muller in a news release."It is Implats' view that the palladium market will remain in a structural deficit in the medium term, which should lend considerable support to stronger-for-longer pricing."Implats said it was attracted to North American Palladium because of its fully mechanized mine, which means low labour costs and leading safety statistics, an estimated mine life of at least 15 years, and its future exploration opportunities. About 700 people work at the mine.The companies have agreed to a 30-day period during which a termination fee of $24.5 million would be payable to Implats if a higher bid is accepted, with the fee increasing to $37.7 million thereafter. Implats would have the right to match any offer.Closing of the transaction is expected in the fourth quarter, subject to North American Palladium shareholder approval and other customary conditions. This report by The Canadian Press was first published Oct. 7, 2019.Companies in this article: (TSX:PDL)Dan Healing, The Canadian Press
Brookfield Business Partners L.P. (BBU) (BBU-UN.TO) (“Brookfield Business Partners”), together with its institutional partners (collectively “Brookfield”), today announced an agreement to sell its 81% interest in North American Palladium Inc. (PDL.TO) (“NAP”), a Canadian mining company and the only pure-play palladium producer in the world, to Impala Platinum Holdings Limited (JSE:IMP) (“Implats”). Implats has agreed to acquire all the issued and outstanding shares of NAP held by Brookfield for total proceeds of approximately $570 million. The agreement is part of a broader transaction whereby Implats will also acquire the remaining 19% of NAP’s issued and outstanding shares not held by Brookfield.
TORONTO , Oct. 7, 2019 /CNW/ - Trading resumes in: Company: North American Palladium Ltd. TSX Symbol: PDL (all issues) Resumption (ET): 12:00:00 PM IIROC can make a decision to impose a temporary suspension ...
North American Palladium Ltd. ("NAP" or the “Company”) (PDL.TO) (OTC PINK:PALDF) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Impala Platinum Holdings Limited (“Implats”) (JSE:IMP) will acquire 100% of NAP’s issued and outstanding common shares for total cash consideration of approximately C$1.0 billion (the "Transaction"). Under the terms of the Arrangement Agreement, shareholders of NAP, other than Brookfield (defined below), will receive C$19.74 per NAP common share (the “Minority Shareholder Consideration”) in cash and Brookfield Business Partners L.P. (together with its institutional partners, collectively “Brookfield”), as the majority shareholder of NAP, will receive C$16.00 per NAP common share in cash.
TORONTO , Oct. 7, 2019 /CNW/ - The following issues have been halted by IIROC: Company: North American Palladium Ltd. TSX Symbol: PDL (All Issues) Reason: Pending News Halt Time (ET): 8:03 AM IIROC can ...
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
North American Palladium Ltd. ("NAP" or the "Company") (PDL.TO) (OTC PINK:PALDF) is pleased to announce it has been recognized in the inaugural TSX30 as one of the top 30 Toronto Stock Exchange (“TSX”) listed stocks based on dividend-adjusted share price appreciation over the past three years. The TSX30 is aimed at recognizing the achievements of some of the best performing companies listed on the TSX. “We are very proud to be included in the TSX30, alongside some of the most compelling success stories on the TSX,” stated Jim Gallagher, President and CEO. “North American Palladium has worked tirelessly to enhance its operational performance and further drive shareholder return.
Canada's premier equities marketplace launches new program to showcase top performing companies, TSX to host market open ceremony September 27 TORONTO , Sept. 26, 2019 /CNW/ - Toronto Stock Exchange (TSX) ...
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North American Palladium Ltd. (TSE:PDL) is about to trade ex-dividend in the next 3 days. Ex-dividend means that...
North American Palladium Ltd. ("NAP" or the "Company") (PDL.TO) (OTC PINK:PALDF) is pleased to announce that the Company has vested a 51% interest in the Sunday Lake Project (the “Project”). After completing two winter drilling programs, the Company has exceeded the mandated two-year exploration expenditure requirement and has completed the requisite cash payments to its partners, comprising $675,000 to Impala Platinum Holdings Limited (“Implats”) and $75,000 to Transition Metals Corp. (“Transition”). Accordingly, Implats’ interest in the joint venture has been reduced to 24% while Transition maintains a 25% free carried interest through to the completion of a Feasibility Study.
North American Palladium Ltd. ("NAP" or the "Company") (PDL.TO) (OTC PINK:PALDF) today announced financial and operational results for the three months ended June 30, 2019. This is the highest quarterly revenue in the Company’s history. Strong growth in net income: Net income was $36.6 million, or $0.62 per share, compared to $14.2 million or $0.24 per share reported for Q2 2018.
TORONTO, Aug. 01, 2019 -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced financial and operational results for the three.
Jim Gallagher has been the CEO of North American Palladium Ltd. (TSE:PDL) since 2015. This report will, first, examine...
TORONTO, July 16, 2019 -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced that the Company will release its financial and.
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