CNSX:XMG

Stock Analysis Report

Executive Summary

MGX Minerals Inc. engages in acquisition, exploration and development of mineral resource properties and industrial technologies.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

How has MGX Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.8%

XMG

-0.8%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-78.2%

XMG

13.6%

CA Metals and Mining

2.4%

CA Market

Return vs Industry: XMG underperformed the Canadian Metals and Mining industry which returned 13.6% over the past year.

Return vs Market: XMG underperformed the Canadian Market which returned 2.4% over the past year.


Shareholder returns

XMGIndustryMarket
7 Day3.8%-0.8%0.2%
30 Day-25.0%-8.4%-3.3%
90 Day-38.6%-7.6%-1.8%
1 Year-78.2%-78.2%14.5%13.6%6.0%2.4%
3 Year-10.0%-10.0%-10.6%-12.2%14.2%4.0%
5 Yearn/a16.7%12.9%27.2%8.6%

Price Volatility Vs. Market

How volatile is MGX Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MGX Minerals undervalued compared to its fair value and its price relative to the market?

0.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate XMG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate XMG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: XMG is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: XMG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate XMG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XMG is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is MGX Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MGX Minerals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MGX Minerals performed over the past 5 years?

-64.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: XMG is unprofitable, and losses have increased over the past 5 years at a rate of -64.9% per year.

Accelerating Growth: Unable to compare XMG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: XMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: XMG has a negative Return on Equity (-76.34%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: XMG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: XMG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is MGX Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: XMG's short term assets (CA$4.9M) do not cover its short term liabilities (CA$6.3M)

Long Term Liabilities: XMG's short term assets (4.9M) exceeds its long term liabilities (935.6K)


Debt to Equity History and Analysis

Debt Level: XMG's debt to equity ratio (2.6%) is considered satisfactory

Reducing Debt: XMG's debt to equity ratio has reduced from 4.8% to 2.6% over the past 5 years.


Balance Sheet

Inventory Level: XMG has a high level of physical assets or inventory.

Debt Coverage by Assets: XMG's debt is covered by short term assets (assets are 6.370170x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: XMG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: XMG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -81.7% each year


Next Steps

Dividend

What is MGX Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate XMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate XMG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if XMG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if XMG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of XMG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of MGX Minerals's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average board tenure


CEO

Jared Lazerson (48yo)

5.3yrs

Tenure

CA$330,000

Compensation

Mr. Jared M. Lazerson has been the Chief Executive Officer, President, Secretary and Director at MGX Minerals Inc., since July 4, 2014. Mr. Lazerson serves as CEO of Margaret Lake Diamonds Since 2011. Mr.  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jared's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Jared's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

5.3yrs

Average Tenure

48yo

Average Age

Experienced Board: XMG's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: XMG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellCA$13,00020 Oct 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares100,000
Max PriceCA$0.13
SellCA$6,75017 Oct 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.14
SellCA$15,21513 Oct 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares100,000
Max PriceCA$0.15
SellCA$4,87519 Sep 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.20
SellCA$10,75010 Sep 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.21
SellCA$8,50030 Aug 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.17
SellCA$10,10007 Aug 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,500
Max PriceCA$0.20
SellCA$10,00006 Aug 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.20
SellCA$9,80008 Jul 19
Lyndon Patrick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares40,000
Max PriceCA$0.24
SellCA$6,50013 Jun 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.26
SellCA$6,25027 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.25
SellCA$10,60021 May 19
Lyndon Patrick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares40,000
Max PriceCA$0.26
SellCA$13,00021 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.26
SellCA$4,90015 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares20,000
Max PriceCA$0.24
SellCA$6,25009 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.25
SellCA$6,50008 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.26
SellCA$6,25006 May 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.25
SellCA$6,97519 Apr 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares25,000
Max PriceCA$0.28
SellCA$6,00001 Apr 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares20,000
Max PriceCA$0.30
SellCA$6,30027 Mar 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares20,000
Max PriceCA$0.32
SellCA$5,25222 Mar 19
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares15,000
Max PriceCA$0.35
SellCA$16,59215 Mar 19
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares45,000
Max PriceCA$0.39
SellCA$15,72411 Mar 19
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares40,000
Max PriceCA$0.40
SellCA$3,90006 Mar 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares10,000
Max PriceCA$0.39
SellCA$7,70021 Feb 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares20,000
Max PriceCA$0.39
SellCA$4,20025 Jan 19
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares10,000
Max PriceCA$0.42
BuyCA$30,00028 Dec 18
Michael Reimann
EntityIndividual
Role
Member of the Board of Directors
CFO & Director
Shares50,000
Max PriceCA$0.60
SellCA$26,81623 Nov 18
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares40,000
Max PriceCA$0.71
SellCA$6,71019 Nov 18
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares11,000
Max PriceCA$0.61
SellCA$20,78113 Nov 18
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares34,000
Max PriceCA$0.62
SellCA$33,51209 Nov 18
Andris Kikauka
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares55,000
Max PriceCA$0.62

Ownership Breakdown


Management Team

  • Michael Reimann

    CFO & Director

    • Tenure: 5.3yrs
    • Compensation: CA$20.50k
  • Jared Lazerson (48yo)

    President

    • Tenure: 5.3yrs
    • Compensation: CA$330.00k

Board Members

  • Michael Reimann

    CFO & Director

    • Tenure: 5.3yrs
    • Compensation: CA$20.50k
  • Andris Kikauka (63yo)

    VP of Exploration & Director

    • Tenure: 5.3yrs
    • Compensation: CA$37.35k
  • Chris Wolfenberg (45yo)

    Director

    • Tenure: 1.8yrs
  • Jared Lazerson (48yo)

    President

    • Tenure: 5.3yrs
    • Compensation: CA$330.00k
  • Lyndon Patrick

    Director

    • Tenure: 5.3yrs
    • Compensation: CA$70.32k

Company Information

MGX Minerals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MGX Minerals Inc.
  • Ticker: XMG
  • Exchange: CNSX
  • Founded: 2012
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$18.952m
  • Shares outstanding: 140.39m
  • Website: https://www.mgxminerals.com

Location

  • MGX Minerals Inc.
  • 1080 Howe Street
  • Suite 303
  • Vancouver
  • British Columbia
  • V6Z 2T1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XMGCNSX (Canadian National Stock Exchange)YesNew Common SharesCACADNov 2014
1MGDB (Deutsche Boerse AG)YesNew Common SharesDEEURNov 2014
MGXM.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDNov 2014

Biography

MGX Minerals Inc. engages in acquisition, exploration and development of mineral resource properties and industrial technologies. It explores for lithium, magnesium oxide, silicon, niobium-tantulum, and go ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:42
End of Day Share Price2019/10/21 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.