TSX:CMMC

Stock Analysis Report

Copper Mountain Mining

Executive Summary

Copper Mountain Mining Corporation operates as a mining company in Canada.


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has Copper Mountain Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CMMC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.1%

CMMC

-1.5%

CA Metals and Mining

-3.8%

CA Market


1 Year Return

-47.2%

CMMC

4.9%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: CMMC underperformed the Canadian Metals and Mining industry which returned 4.9% over the past year.

Return vs Market: CMMC underperformed the Canadian Market which returned 0.5% over the past year.


Shareholder returns

CMMCIndustryMarket
7 Day-11.1%-1.5%-3.8%
30 Day-20.0%3.2%-2.0%
90 Day0%10.2%-0.3%
1 Year-47.2%-47.2%5.6%4.9%3.7%0.5%
3 Year-54.5%-54.5%-1.9%-3.6%13.6%3.4%
5 Year-54.8%-54.8%28.2%24.6%30.2%11.2%

Price Volatility Vs. Market

How volatile is Copper Mountain Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Copper Mountain Mining undervalued compared to its fair value and its price relative to the market?

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: CMMC 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 CMMC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CMMC is good value based on its PB Ratio (0.5x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Copper Mountain Mining forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

33.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMMC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: CMMC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CMMC's is expected to become profitable in the next 3 years.

Revenue vs Market: CMMC's revenue (11.8% per year) is forecast to grow faster than the Canadian market (4.7% per year).

High Growth Revenue: CMMC's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CMMC's Return on Equity is forecast to be low in 3 years time (1.7%).


Next Steps

Past Performance

How has Copper Mountain Mining performed over the past 5 years?

37.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMMC is currently unprofitable.

Growing Profit Margin: CMMC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CMMC is unprofitable, but has reduced losses over the past 5 years at a rate of 37.1% per year.

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

Earnings vs Industry: CMMC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: CMMC has a negative Return on Equity (-9.33%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Copper Mountain Mining's financial position?


Financial Position Analysis

Short Term Liabilities: CMMC's short term assets (CA$95.4M) do not cover its short term liabilities (CA$207.5M).

Long Term Liabilities: CMMC's short term assets (CA$95.4M) do not cover its long term liabilities (CA$208.4M).


Debt to Equity History and Analysis

Debt Level: CMMC's debt to equity ratio (78.3%) is considered high.

Reducing Debt: CMMC's debt to equity ratio has reduced from 121.7% to 78.3% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CMMC's debt is not covered by short term assets (assets are 0.4x 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: Whilst unprofitable CMMC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CMMC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.1% per year.


Next Steps

Dividend

What is Copper Mountain Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if CMMC'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 CMMC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Gil Clausen (62yo)

1.7yrs

Tenure

CA$1,239,763

Compensation

Mr. Gilmour Clausen, also known as Gil, P. Eng,, serves President, CEO and Director at Copper Mountain Mining Corporation since June 01, 2018. He serves as the President of a division of Yamana Gold Inc. M ...


CEO Compensation Analysis

Compensation vs Market: Gil's total compensation ($USD932.97K) is above average for companies of similar size in the Canadian market ($USD155.12K).

Compensation vs Earnings: Insufficient data to compare Gil's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Gilmour Clausen
President1.7yrsCA$1.24m2.12% CA$2.4m
Rodney Shier
CFO & Corporate Secretary13.8yrsCA$1.08m1.01% CA$1.1m
Donald Strickland
COO & VP2.1yrsCA$689.60kno data
Letitia Wong
Vice President of Corporate Development & Investor Relations1.6yrsCA$583.80k0.072% CA$81.7k
Peter Holbek
Vice President of Exploration13.3yrsCA$313.15k0.17% CA$194.7k
Richard Klue
Vice President of Technical Services1.8yrsno data0.0052% CA$5.9k
Gordon Frost
Chief Mine Engineer7.7yrsno datano data
Richard Joyes
Senior Exploration Geologist3.3yrsno datano data

2.7yrs

Average Tenure

58yo

Average Age

Experienced Management: CMMC's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gilmour Clausen
President1.7yrsCA$1.24m2.12% CA$2.4m
Alistair Cowden
Director1.8yrsCA$113.28k0.99% CA$1.1m
Carl Renzoni
Independent Director11.9yrsCA$140.32k0.17% CA$194.7k
Bruce Aunger
Chairman & Lead Independent Director0.4yrsCA$172.97k0.19% CA$217.6k
Allan Cloke
Independent Director9.5yrsCA$164.22k0.18% CA$207.3k
Michele Buchignani
Independent Director0.9yrsno data0.033% CA$37.5k
William Washington
Independent Director1.7yrsCA$108.58k0.17% CA$191.7k

1.7yrs

Average Tenure

59yo

Average Age

Experienced Board: CMMC's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CMMC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

Copper Mountain Mining Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Copper Mountain Mining Corporation
  • Ticker: CMMC
  • Exchange: TSX
  • Founded: 2006
  • Industry: Copper
  • Sector: Materials
  • Market Cap: CA$112.885m
  • Shares outstanding: 191.33m
  • Website: https://www.cumtn.com

Number of Employees


Location

  • Copper Mountain Mining Corporation
  • 700 West Pender Street
  • Suite 1700
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMMCTSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 2007
COQDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2007
CPPM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2007
C6CASX (Australian Securities Exchange)NPV CDI 1:1AUAUDApr 2018
C6CCHIA (Chi-X Australia)NPV CDI 1:1AUAUDApr 2018

Biography

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. It primarily holds 75% interest in the Copper Mountain mine that comprise 138 crown granted mineral claims, 145 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702.1 hectares located to the south of Princeton, British Columbia. The company was founded in 2006 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:43
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.