Premier African Minerals Stock Forecast 2025

Premier African Minerals Stock Forecast 2025

On Tuesday, August 22, 2023, the share price of Premier African Minerals Ltd. decreased by -1.84%, from £0.435 to £0.427. The stock’s price changed 16.37% from a day low of £0.380 to a day high of £0.442 during the most recent trading day. The price is down -19.43% for the last ten days and has decreased in five of those ten days.

Stocks and volume declined on Tuesday, which is a good sign. It’s because books ought to move in lockstep with the store. On August 22, 207 million shares were purchased and sold for about £88.30 million, a -35 million share decline in trading activity.

The London Stock Exchange lists Premier African Minerals Limited, Ord Npv (di), under the ticker PREM.L. It has a market value of £98.20 million. There are about 22,836.05 million shares outstanding. Premier African Minerals’ stock price has fluctuated over the past year in a range of 0.73, reaching highs of 1.02 and lows of 0.29. Let us view the company’s stock forecast for the future in detail.

About the company

A mining and exploration business established in the UK is called Premier African Minerals(PAF). It primarily operates in Africa and concentrates on developing and extracting precious minerals. The company works with regional communities and governing organizations. This is to guarantee responsible resource use as part of its dedication to sustainable practices. Focusing on social responsibility and environmental care, the company’s experience in mineral exploration and production helps advance economic progress.

The UK’s capital city, London, is the company’s headquarters. In Zimbabwe, Mozambique, and Togo, Premier African Minerals has a diverse portfolio of exploration and mining properties. The corporation has further interests in gold, nickel, and rare earth elements. But it mainly concentrates on mining lithium and tungsten.

How is the growth of the company going?

The mining sector in Africa has seen significant growth in recent years. This is achieved through the rising demand for minerals and resources across the continent. Several domestic and foreign firms are striving for market share in the market where Premier African Minerals operates. The company is well-positioned to profit from the rising demand for these metals. The development of electric vehicles and renewable energy is fueling it. This is due to its core focus on mining lithium and tungsten.

Premier African Minerals has many possibilities for expansion. This includes growing its mining activities and looking into new mineral resources. With plans to increase its production capacity, the corporation is looking into fresh lithium discoveries in Zimbabwe and Mozambique. Premier African Minerals is also looking into strategic alliances and joint venture options. This is to speed up its expansion in the mining industry.

Like every mining company, Premier African Minerals is subject to some dangers and difficulties. It includes changes in regulations, operational risks, and fluctuating commodity prices. The company is also in danger of concentration due to its dependence on several mineral properties. Also, political and economic unrest can affect the mining sector in Africa. This increases the risk for companies doing business there.

Is it safe to invest now?

Premier African Minerals (LSE: PREM) shares purchased for £10,000 in July 2018 would be worth $26,600 in July 2023. A mining company that hasn’t yet recorded any revenue is making an excellent return. However, a June 25, 2023, cancellation notice from its sole client could cut off the company’s prospects. Its shares decreased 40% by day’s end after the dispute’s news surfaced. Their value in July is around half what it was in April 2023.

The Zulu Lithium and Tantalum Project in Zimbabwe is the organization’s key asset. Spodumene, a high lithium level mineral, was expected to be mined in Q1 2023. However, production was delayed until June 2023. It resulted from its equipment supplier manufacturing parts that were out of specification.

As a result, the company missed its target date of May 31, 2023, for supplying the Chinese heavy machinery manufacturer CANMAX. CANMAX no longer desires to purchase anything originating from the mine. Experts believe it will be easy to find another customer. Since lithium is a vital element in the batteries used in electric vehicles,

CANMAX had agreed to pay for the product in advance. But it is requesting $34.7 million in back payments. The mine’s growth had been boosted financially by this prepayment.

PAF’s directors declare that the “notice of termination has no weight or effect. But they have issued a warning that the firm may be unable to keep operating as a going concern. If the dispute cannot be dealt with and alternative financing is not provided to repay the amounts that were paid,

The business does have other interests. But it acknowledges that “little has been achieved” with them because the Zulu project has received all of the focus.

This is a significant mess. But since CANMAX already owns 13.14 percent of PAF, experts don’t think it’s in the latter’s best interests to harm those of the former.

The Chinese company has thus offered to convert the debt into an equity stake or debt. The issuance of further shares would increase CANMAX’s holdings by around one-third based on PAF’s existing market cap. Existing stockholders will lose value if this takes place.

Analysts thus stated in July that investing in the stocks of already successful miners is preferable. Instead of PAF, businesses like Rio Tinto, Anglo-American, Antofagasta, Fresnillo, and Glencore have effectively handled the pre-production phase.

Premier African Minerals and China’s Canmax have resolved their dispute!

Premier African Minerals and China’s Canmax Technologies announced on August 15, 2023, that their conflict over a lithium concentrate supply contract had been resolved.

The offtake contract delivers 48,000 metric tons of spodumene concentrate to Canmax from the Zulu lithium mine in Zimbabwe, owned by the Premier. This is in return for Canmax’s $35 million cash contribution to the building of the Zulu processing plant.

In a second statement, Canmax reaffirmed the deal. According to Canmax, “the modified agreement restarts the company’s and Premier’s collaboration.”

The stock of Premier African Minerals fell by 4.4%

PREM began trading on August 21, 2023, at GBX 0.43 ($0.01). The business is worth £98.21 million, with a PE ratio of 2.25 and a beta of 1.42. The debt-to-equity ratio is 1.07, the current balance is 0.29, and the quick ratio is 2.54 for the company. The 52-week range for Premier African Minerals Limited is GBX 0.24 ($0.00) to GBX 1.04 ($0.01). The company’s 50-day and 200-day moving averages are GBX 0.53 and 0.71, respectively.

What is the price trend of PAF’s stock?

The history of momentum is a crucial indicator of whether a stock’s price will increase. Price trends tend to continue, so when it comes to a store like Premier African Minerals, it’s essential to keep an eye on them. Its share price underperformed the FTSE All Share Index over the previous six months by -25.54%.

Shares of Premier African Minerals were trading -37.15% under their 200-day average movement as of the most recent closing price of 0.40p.

Premier African Minerals Ltd.’s (PREM.L) share cost was £0.430 as of the close of business on August 23, 2023. Premier African Minerals Ltd.’s stock has a 52-week high of £1.04 and a 52-week low of £0.238. Premier African Minerals Ltd. had a market capitalization of $116.254 million as of August 23, 2023.

14 Days Historical Data

DateOpenHighLowCloseVolume
August 24, 20230.42010.44000.41000.43007,079,386
August 23, 20230.48500.50000.41000.4300195,324,303
August 22, 20230.43000.44200.38000.4270206,798,979
August 21, 20230.42000.49000.38000.4350240,459,487
August 18, 20230.44500.45000.37000.4300763,664,526
August 17, 20230.50000.51000.44000.4500285,221,883
August 16, 20230.53500.55000.47000.5000338,768,293
August 15, 20230.60000.67000.48000.5250611,299,625
August 14, 20230.56500.67000.56000.6000576,837,545
August 11, 20230.53500.58000.52000.5600256,500,969
August 10, 20230.52000.55000.48400.5350199,003,223
August 09, 20230.53000.55000.51000.530082,213,228
August 08, 20230.51000.55000.48000.5300218,535,565
August 07, 20230.53000.53500.50000.510076,153,462

Now, in the table below, let us look up the history of Premier African Minerals Ltd.’s (PREM.L) share price year-wise.

DateOpenHighLowCloseVolume
Aug 23, 20230.48500.50000.41000.4300195,324,303
Aug 23, 20220.37500.38000.35500.2550101,258,713
Aug 23, 20210.19300.20000.19000.1900141,998,197

Premier African Minerals Stock Forecast 2023

Based on historical data, experts analyzed Premier African Minerals Limited’s stock forecast for 2023. Consult financial experts or analysts for their insights and recommendations. Remember that expert opinions can vary, so consider many sources. In the below table, we have provided the forecast for the remaining months of 2023.

DatePrice TargetChange
2023 September.40-7.99%
2023 October.36-8.52%
2023 November.33-8.31%
2023 December.31-8.01%

Insider Selling: 

On Monday, July 31, insider George Greville Roach sold 12,500,000 Premier African Minerals Limited (LON: PREM) stock shares. The stocks have been sold for £500,000,000 ($634,276,290.75), or an average price of GBX 4,000 ($50.74).

George Greville Roach recently made the following transactions:

  • George Greville Roach sold 75,000,000 Premier African Minerals stock shares on Friday, July 07. For a total transaction value of £3,927,000,000 ($4,981,605,987.57), the shares have been sold at an average price of GBX 5,236 ($66.42).
  • Premier African Minerals stock was sold by George Greville Roach on Monday, July 10, for $85,000,000. For a total transaction of £4,005,200,000 ($5,080,806,799.44), the stock had been sold at an average price of GBX 4,712 ($59.77).
  • Premier African Minerals stock was sold by George Greville Roach on Friday, July 28, for 67,500,000 shares. The stock had been sold for £2,727,000,000 ($3,459,342,889.76) at an average GBX 4,040 ($51.25).
  • Fifty millionGeorge Greville Roach sold 50,000,000 shares of Premier African Minerals stock on Wednesday, August 02. The stock has been sold for a total of £2,025,000,000 ($2,568,818,977.55) at an average price of GBX 4,050 ($51.38)

What has the Premier African Minerals share price performance been like this year?

Premier African Minerals’ current monthly stock last ended at 0.40p, and it is moving up +45.45% over the previous 365 days. The share price of Premier African Minerals has beaten the FTSE All Share Index based on relative price strength over the past year by +40.82%.

Premier African Minerals Limited stock forecast for 2025

As mentioned earlier, four forecasts are made for each month of 2023 for the Premier African Minerals Limited stock forecast. It has an average prediction of 0.35, a high projection of 0.4, and a low prediction of 0.31. Thus, the typical Premier African Minerals Limited stock forecast shows a decline from the most recent price of 0.430000007152557 of -18.91% for 2023. Based on that, future predictions are made.

Industrial experts make twelve forecasts for each month of 2024 for the Premier African Minerals Limited stock forecast. Overall, it has an average prognosis of 0.21, a high prediction of 0.28, and a low prediction of 0.18. Compared to the most recent price prediction of 0.430000007152557, the average Premier African Minerals Limited stock estimate for 2024 shows a -50.68% decline.

For the 2025 stock prediction of Premier African Minerals Limited, a detailed analysis is shown in the table as follows:

DatePrice TargetChange
2025 Jan0.192.77%
2025 Feb0.193.22%
2025 Mar0.203.21%
2025 Apr0.202.83%
2025 May0.212.18%
2025 Jun0.211.43%
2025 Jul0.210.30%
2025 Aug0.21-2.41%
2025 Sep0.20-2.69%
2025 Oct0.212.67%
2025 Nov0.226.13%
2025 Dec0.235.81%

*For the 2025 stock forecast, a high prediction is highlighted in green, and a low prediction is highlighted in red.

Analysts make Twelve forecasts for each month of 2026 for the Premier African Minerals Limited stock. The values have an average prognosis of 0.33. A high prediction of 0.47 and a low prediction of 0.24 are predicted. Compared to the most recent price of $0.4300000007152557, the average Premier African Minerals Limited stock estimate for 2026 shows a drop of -23.71%.

Analysts make Twelve forecasts for each month of 2028 for the Premier African Minerals Limited stock projection for 2028. The values have an average forecasting of 0.4. It is predicted to have a high prediction of 0.45 and a low prediction of 0.3. Compared to the most recent price of 0.430000007152557, the average Premier African Minerals Limited stock estimate for 2028 shows a -6.49% decline.

Experts make Twelve forecasts for each month of 2031 for the Premier African Minerals Limited stock projection. The values have an average prediction of 0.4. It is predicted to have a high forecast of 0.69 and a low prognosis of 0.24. Compared to the most recent price of 0.430000007152557, the average Premier African Minerals Limited stock estimate for 2031 implies a -7.33% decline.

The experts make Eight forecasts for each month of 2033 for the Premier African Minerals Limited stock forecast. The values are an average prognosis of 0.45, a high prediction of 0.48, and a low prediction of 0.41. In comparison to the most recent price of 0.430000007152557, the 

The average Premier African Minerals Limited stock estimate for 2033 shows a growth of 5.54%. See more projections below.

Is Premier African Minerals Limited a wise investment for the long term?

According to the stock projection for Premier African Minerals Limited, PREM stock cannot be a wise investment. The Premier African Minerals Limited stock price projection for September 2023 is 0.3956396626661441, according to the analysts.

According to the stock projection for Premier African Minerals Limited, PREM stock cannot be a wise investment. The Premier African Minerals Limited stock price projection for August 2024 is 0.184411857616566, according to the analysts.

However, the shares of Premier African Minerals Limited may make for a wise investment. According to experts, this is because PREM’s stock price projection for August 2027 is 0.529687966418319.

Risk Assessments for Premier African Minerals (PREM):

1. Is their stock price stable and liquid?

The share price has been very erratic over the last three months. It, therefore, failed this check.

2. Do they generate substantial amounts of revenue?

It generates $0 in revenue—less than USD 1 million. It, therefore, failed this check. The business reported a net loss of USD 5.36 million for the entire year. (Compared to a net income of USD 2.74 million a year ago.)

3. Have any recent incidents raised any concerns?

There were no unexpected occurrences. Hence, it passed this check.

4. Can they sustain their dividend?

They don’t distribute dividends. Hence, it passed this check.

5. Do they have access to enough financial data?

There are at least three years’ worth of financial data readily available. Hence, it passed this check.

6. Are they in sound financial standing?

They have enough cash to run their business for at least a year. Hence, it passed this check.

7. Is there a growth outlook for revenue and earnings?

Over the last five years, earnings have increased by 37% annually. Hence, it passed this check.

8. Does their market capitalization make sense?

The market cap ($98 million) is significant. Hence, it passed this check.

9. Does their shareholder equity reflect a loss?

There is no negative shareholder equity at PREM. Hence, it passed this check.

10. Has the number of stockholders decreased in the last year?

The number of shareholders has remained the same or been materially diluted. Hence, it passed this check.

11. Do they make well-paying wages?

Unprofitable, therefore not applicable.

12. Have profit margins increased in the previous 12 months?

Not enough data or not profitable

Buy or sell Premier African Minerals Ltd.?

We predict Premier African Minerals Ltd. will continue to perform poorly over the coming days or weeks. It’s because it has multiple ominous signs and is in an extensive downward trend. As a result, we have a negative assessment of this stock. Since the last evaluation, analysts have improved their recommendation for this stock from a solid sell for a sell candidate.

Conclusion

With a sizable 1,800-hectare tungsten mining operation, PREM launched its IPO in London in late 2012. By mid-2013, the share price had increased due to the company’s promising future. After announcing it was prepared to begin production two years later, PREM saw its share price increase above 3 p.

Yet, the mining business started issuing more shares. It had to incur increasing losses to capitalize on its expanding reputation and expand into lithium mining at its new Zulu lithium mine. Thus, PREM investors were struck with the typical risk of penny stock investments.

Later, Zimbabwe’s National Indigenization and Economic Empowerment Fund forced PREM’s tungsten mines to stop production in 2019. It sent its share price into free fall, then crashed with a second penny share risk.

Given the unforeseen events, 2023 might be the year that PREM starts to pay off for investors. It’s still a risky, possibly unpredictable play that shouldn’t be taken lightly.

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