paldf +.04 to US$14.98 North American Palladium is one of the few pure palladium miners in the world. They have struggled to be profitable UNTIL
Palladium rallied to all time highs in the past year. Palladium is used almost exclusively in gasoline catalytic converters. It's a relatively rare metal and supplies worldwide are scarce. Year ago prices were around $1600/oz and now rising to $2300. All time peak in 2019 was 2700+.
Obviously the good times have been good to North American Palladium and they have done the right thing and paid off debt. Not going to see them building a new mine, there just aren't many palladium mine prospects. So what you see is about what you're going to get. Buying this stock is a pure bet on palladium prices. With auto industry about to hit a brick wall, I would be cautious. You're not overpaying at about 10X earnings but you need palladium to rise to all time highs to get much more from earnings from North American Palladium. They might be a candidate for a bigger miner to buy them out but that's always hard to predict.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
