An increasingly favourable environment allows NORTHAM PLATINUM to improve to Neutral
The independent financial analyst theScreener just upgraded the general evaluation of NORTHAM PLATINUM (ZA), a company active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date February 23, 2021, the closing price was ZAR 211.52 and its expected value was estimated at ZAR 200.95.Northam Platinum is platinum group metal (PGM) producer with two primary operating assets, the Zondereinde and Booysendal platinum group metal (PGM) mines in the South African Bushveld Complex. Co. has its own metallurgical operations, including a base metals removal plant and smelter, on the Zondereinde lease area. The Zondereinde mine is a mature operation and produces approximately 280 000oz of PGM in concentrate annually, and the shallower mechanised Booysendal UG2 North mine produces approximately 160 000oz annually. Co. provides its main PGM products, which include platinum, palladium and rhodium to industries, such as motor manufacturing, jewelry and other industrial sectors.
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