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Copper Mountain Mining

TSX:CMMC
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMMC
TSX
CA$192M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Copper Mountain Mining Corporation operates as a mining company in Canada. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Copper Mountain Mining has significant price volatility in the past 3 months.
CMMC Share Price and Events
7 Day Returns
1%
TSX:CMMC
-0.1%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-18.4%
TSX:CMMC
-7%
CA Metals and Mining
-0.2%
CA Market
CMMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Copper Mountain Mining (CMMC) 1% 34.2% 50% -18.4% 67.2% -49.5%
CA Metals and Mining -0.1% 2.7% 11.6% -7% 7.6% -24.1%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • CMMC underperformed the Metals and Mining industry which returned -7% over the past year.
  • CMMC underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
CMMC
Industry
5yr Volatility vs Market

CMMC Value

 Is Copper Mountain Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Copper Mountain Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Copper Mountain Mining.

TSX:CMMC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:CMMC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.17 (1 + (1- 26.5%) (180.29%))
2.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSX:CMMC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Copper Mountain Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:CMMC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 22.00 Analyst x2 19.32
2020 119.12 Analyst x3 91.87
2021 55.61 Analyst x3 37.67
2022 58.63 Est @ 5.43% 34.88
2023 292.00 Analyst x1 152.54
2024 304.81 Est @ 4.39% 139.84
2025 315.95 Est @ 3.66% 127.30
2026 325.88 Est @ 3.14% 115.31
2027 334.96 Est @ 2.78% 104.09
2028 343.44 Est @ 2.53% 93.73
Present value of next 10 years cash flows CA$916.56
TSX:CMMC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$343.44 × (1 + 1.95%) ÷ (13.87% – 1.95%)
CA$2,937.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,937.33 ÷ (1 + 13.87%)10
CA$801.63
TSX:CMMC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$916.56 + CA$801.63
CA$1,718.19
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,718.19 / 188.17
CA$9.13
TSX:CMMC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$9.13
Current discount Discount to share price of CA$1.02
= -1 x (CA$1.02 - CA$9.13) / CA$9.13
88.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Copper Mountain Mining is available for.
Intrinsic value
>50%
Share price is CA$1.02 vs Future cash flow value of CA$9.13
Current Discount Checks
For Copper Mountain Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Copper Mountain Mining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Copper Mountain Mining's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Copper Mountain Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Copper Mountain Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CMMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.13
TSX:CMMC Share Price ** TSX (2019-03-15) in CAD CA$1.02
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Copper Mountain Mining.

TSX:CMMC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CMMC Share Price ÷ EPS (both in CAD)

= 1.02 ÷ -0.13

-7.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Copper Mountain Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Copper Mountain Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Copper Mountain Mining's expected growth come at a high price?
Raw Data
TSX:CMMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
50.9%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Copper Mountain Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Copper Mountain Mining's assets?
Raw Data
TSX:CMMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$1.23
TSX:CMMC Share Price * TSX (2019-03-15) in CAD CA$1.02
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:CMMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CMMC Share Price ÷ Book Value per Share (both in CAD)

= 1.02 ÷ 1.23

0.83x

* Primary Listing of Copper Mountain Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Copper Mountain Mining is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Copper Mountain Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Copper Mountain Mining has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CMMC Future Performance

 How is Copper Mountain Mining expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Copper Mountain Mining expected to grow at an attractive rate?
  • Copper Mountain Mining's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Copper Mountain Mining's earnings growth is expected to exceed the Canada market average.
  • Copper Mountain Mining's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CMMC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CMMC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 50.9%
TSX:CMMC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 18.1%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:CMMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CMMC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 751 237 253 2
2022-12-31 622 108 184 3
2021-12-31 499 108 65 5
2020-12-31 456 150 80 8
2019-12-31 324 72 8 8
TSX:CMMC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 296 51 -22
2018-09-30 309 40 9
2018-06-30 325 71 33
2018-03-31 308 56 38
2017-12-31 304 57 48
2017-09-30 303 62 34
2017-06-30 298 67 8
2017-03-31 293 55 -1
2016-12-31 278 47 8
2016-09-30 243 28 -29
2016-06-30 235 17 -44
2016-03-31 229 18 -41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Copper Mountain Mining's earnings are expected to grow significantly at over 20% yearly.
  • Copper Mountain Mining's revenue is expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:CMMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Copper Mountain Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CMMC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.48 0.77 0.19 2.00
2022-12-31 0.62 0.92 0.32 2.00
2021-12-31 0.28 0.44 0.12 2.00
2020-12-31 0.40 0.47 0.34 3.00
2019-12-31 0.01 0.07 -0.04 3.00
TSX:CMMC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.13
2018-09-30 0.06
2018-06-30 0.23
2018-03-31 0.28
2017-12-31 0.36
2017-09-30 0.25
2017-06-30 0.06
2017-03-31 -0.01
2016-12-31 0.06
2016-09-30 -0.24
2016-06-30 -0.37
2016-03-31 -0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Copper Mountain Mining is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Copper Mountain Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Copper Mountain Mining has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CMMC Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Copper Mountain Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Copper Mountain Mining does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Copper Mountain Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Copper Mountain Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Copper Mountain Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Copper Mountain Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CMMC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 296.02 -22.34 12.60
2018-09-30 308.56 9.13 11.60
2018-06-30 324.99 32.96 10.71
2018-03-31 307.93 37.99 8.65
2017-12-31 304.08 47.96 8.91
2017-09-30 302.92 33.58 8.14
2017-06-30 297.96 7.95 8.13
2017-03-31 293.37 -1.17 7.63
2016-12-31 278.00 7.72 6.40
2016-09-30 243.49 -29.44 5.76
2016-06-30 235.00 -44.40 5.80
2016-03-31 229.26 -40.87 6.92
2015-12-31 241.99 -78.45 7.18
2015-09-30 245.88 -56.09 6.97
2015-06-30 264.73 -37.85 7.40
2015-03-31 275.95 -30.03 7.52
2014-12-31 265.68 -18.22 8.28
2014-09-30 276.48 -8.32 9.32
2014-06-30 261.55 5.73 8.48
2014-03-31 239.21 -13.12 6.81
2013-12-31 233.12 -3.25 5.54
2013-09-30 218.49 1.58 5.36
2013-06-30 198.52 -2.63 5.95
2013-03-31 213.55 4.69 6.99
2012-12-31 229.47 29.56 6.71
2012-09-30 224.10 33.14 8.09
2012-06-30 198.27 9.13 6.92
2012-03-31 137.55 7.62 7.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Copper Mountain Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Copper Mountain Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Copper Mountain Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Copper Mountain Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Copper Mountain Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CMMC Health

 How is Copper Mountain Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Copper Mountain Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Copper Mountain Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Copper Mountain Mining's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Copper Mountain Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Copper Mountain Mining Company Filings, last reported 2 months ago.

TSX:CMMC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 303.26 346.04 46.12
2018-09-30 319.95 342.46 41.69
2018-06-30 328.20 298.31 72.09
2018-03-31 259.43 358.11 42.57
2017-12-31 265.29 349.18 45.13
2017-09-30 241.04 358.90 43.65
2017-06-30 213.86 372.38 37.10
2017-03-31 203.46 386.48 30.13
2016-12-31 195.53 390.68 31.41
2016-09-30 192.34 398.04 24.73
2016-06-30 193.28 392.84 5.15
2016-03-31 195.35 397.65 1.76
2015-12-31 176.42 419.60 12.19
2015-09-30 222.53 405.91 18.48
2015-06-30 251.82 384.77 22.35
2015-03-31 248.69 396.10 14.79
2014-12-31 280.14 362.19 21.60
2014-09-30 295.88 347.04 17.83
2014-06-30 299.37 335.00 20.21
2014-03-31 273.74 344.28 41.15
2013-12-31 288.50 334.35 42.28
2013-09-30 264.43 332.03 17.11
2013-06-30 243.04 339.94 6.98
2013-03-31 255.10 340.23 8.74
2012-12-31 257.06 335.07 24.30
2012-09-30 241.77 338.54 20.38
2012-06-30 236.27 350.35 27.19
2012-03-31 243.26 348.81 23.98
  • Copper Mountain Mining's level of debt (114.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116% vs 114.1% today).
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.

  • Whilst loss making Copper Mountain Mining has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Copper Mountain Mining has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Copper Mountain Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Copper Mountain Mining has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CMMC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Copper Mountain Mining dividends.
If you bought CA$2,000 of Copper Mountain Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Copper Mountain Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Copper Mountain Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:CMMC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:CMMC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Copper Mountain Mining has not reported any payouts.
  • Unable to verify if Copper Mountain Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Copper Mountain Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Copper Mountain Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Copper Mountain Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Copper Mountain Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Copper Mountain Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CMMC Management

 What is the CEO of Copper Mountain Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gil Clausen
AGE 61
TENURE AS CEO 0.8 years
CEO Bio

Mr. Gilmour Clausen, P. Eng, also known as Gil, 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. Mr. Clausen served as the Chief Executive Officer of Brio Gold, Inc. from December 2014 to April 2018 and served as its President until April 2018. Mr. Clausen is a mining executive with more than 30 years’ experience in the areas of management, finance, development and operations in the precious and base metals industry. He served as the Chief Executive Officer and President at Hudbay Arizona Corporation since April 18, 2005 and also served as its Executive Director since March 28, 2005. He served as an Executive Vice President of Mining at Washington Group International, Inc. from 2001 to March 2005. He served as a Vice President of Operations at Stillwater Mining Company from 1995 to 1999 where he led the team that continuously achieved record-low costs and record-low accident frequency rates. He served as the President and Chief Executive Officer of Engineering Matrix Corp. from 1999 to 2001. He held various capacities at Place Dome Inc. beginning as Mine Superintendent for Gibraltar Mines Ltd., then General Manager of the Endako Mines Division and later General Manager for the Detour Lake Mine. Mr. Clausen's career began in 1983 as a Mine Engineer at Noranda's Brenda Mines. His early career experience includes operating and engineering positions with Fording Coal Limited and Cleveland Cliffs Inc. He is the Founder and Chairman of Plata Latina Minerals Corporation and has been its Director since April 01, 2010. He served as a Director of Arizona Mining Inc. from December 20, 2010 to February 12, 2015 and also served its Vice Chairman from December 20, 2010 to February 12, 2015. He served as Vice Chairman of Wildcat Silver Corporation from December 20, 2010 to February 2015. He has been a Director of Brio Gold, Inc. since February 11, 2015. He has been an Independent Director of Golden Star Resources Ltd. since July 18, 2016. He served as a Director of Jaguar Mining, Inc. from May 12, 2005 to June 10, 2013. He served as a Director of Sargold Resource Corp. since July 26, 2005. He is a registered Professional Engineer in the Province of British Columbia. Mr. Clausen was the President, Chief Executive Officer and a director of Augusta Resource Corporation from March 28, 2005 until Augusta was taken over by HudBay Minerals in July 2014. Mr. Clausen holds a Bachelors and Masters degrees in Mining Engineering from Queen’s University. Mr. Clausen is a graduate of Queen’s University’s executive business program.

CEO Compensation
  • Insufficient data for Gil to compare compensation growth.
  • Insufficient data for Gil to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Copper Mountain Mining management team in years:

1.8
Average Tenure
57
Average Age
  • The average tenure for the Copper Mountain Mining management team is less than 2 years, this suggests a new team.
Management Team

Rod Shier

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$716K
AGE
56
TENURE
12.9 yrs

Peter Holbek

TITLE
Vice President of Exploration
COMPENSATION
CA$298K
AGE
62
TENURE
12.3 yrs

Gil Clausen

TITLE
President
AGE
61
TENURE
0.8 yrs

Don Strickland

TITLE
Chief Operating Officer
TENURE
1.2 yrs

Richard Klue

TITLE
VP of Technical Services
AGE
57
TENURE
0.8 yrs

Letitia Wong

TITLE
Vice President of Corporate Development & Investor Relations
AGE
35
TENURE
0.7 yrs

Gordon Frost

TITLE
Chief Mine Engineer
TENURE
6.8 yrs

Rich Joyes

TITLE
Senior Exploration Geologist
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Copper Mountain Mining board of directors in years:

6.1
Average Tenure
61
Average Age
  • The tenure for the Copper Mountain Mining board of directors is about average.
Board of Directors

Jim O'Rourke

TITLE
Non-Executive Chairman
COMPENSATION
CA$1M
AGE
78
TENURE
4.2 yrs

Gil Clausen

TITLE
President
AGE
61
TENURE
0.8 yrs

Carl Renzoni

TITLE
Director
COMPENSATION
CA$164K
AGE
79
TENURE
11 yrs

Al Cloke

TITLE
Director
COMPENSATION
CA$166K
TENURE
8.6 yrs

Bruce Aunger

TITLE
Director
COMPENSATION
CA$172K
TENURE
8.1 yrs

Marin Katusa

TITLE
Director
COMPENSATION
CA$161K
AGE
40
TENURE
11.9 yrs

Alistair Cowden

TITLE
Director
TENURE
0.9 yrs

Bill Washington

TITLE
Director
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Copper Mountain Mining insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Gilmour Clausen Individual 15. Mar 19 15. Mar 19 92,000 CA$1.04 CA$95,772
13. Mar 19 Buy Gilmour Clausen Individual 13. Mar 19 13. Mar 19 42,000 CA$1.05 CA$44,016
11. Mar 19 Buy Gilmour Clausen Individual 11. Mar 19 11. Mar 19 50,000 CA$1.04 CA$51,500
08. Mar 19 Buy Lance Newman Individual 08. Mar 19 08. Mar 19 10,000 CA$0.98 CA$9,782
28. Feb 19 Buy Bruce Aunger Individual 28. Feb 19 28. Feb 19 43,000 CA$1.04 CA$44,507
26. Feb 19 Buy Gilmour Clausen Individual 26. Feb 19 26. Feb 19 120,000 CA$1.08 CA$129,600
15. Jan 19 Buy Gilmour Clausen Individual 14. Jan 19 14. Jan 19 78,000 CA$0.89 CA$69,313
11. Jan 19 Buy Gilmour Clausen Individual 11. Jan 19 11. Jan 19 135,000 CA$0.90 CA$120,547
07. Jan 19 Buy Gilmour Clausen Individual 07. Jan 19 07. Jan 19 13,000 CA$0.84 CA$10,880
03. Jan 19 Buy Gilmour Clausen Individual 03. Jan 19 03. Jan 19 340,000 CA$0.76 CA$258,332
21. Dec 18 Buy Peter Holbek Individual 20. Dec 18 20. Dec 18 12,000 CA$0.68 CA$8,100
20. Dec 18 Buy Lance Newman Individual 18. Dec 18 19. Dec 18 19,000 CA$0.72 CA$13,383
19. Dec 18 Buy Bruce Aunger Individual 19. Dec 18 19. Dec 18 45,800 CA$0.72 CA$32,798
18. Dec 18 Buy William Washington Individual 18. Dec 18 18. Dec 18 60,000 CA$0.66 CA$39,360
18. Dec 18 Buy Lance Newman Individual 17. Dec 18 17. Dec 18 2,500 CA$0.70 CA$1,740
18. Dec 18 Buy Bruce Aunger Individual 18. Dec 18 18. Dec 18 75,000 CA$0.69 CA$51,400
17. Dec 18 Buy Letitia Wong Individual 17. Dec 18 17. Dec 18 10,000 CA$0.70 CA$7,000
17. Dec 18 Buy Gilmour Clausen Individual 17. Dec 18 17. Dec 18 500,000 CA$0.70 CA$350,000
15. Dec 18 Buy Letitia Wong Individual 10. Dec 18 10. Dec 18 25,000 CA$0.74 CA$18,500
14. Dec 18 Buy Letitia Wong Individual 14. Dec 18 14. Dec 18 8,500 CA$0.72 CA$6,120
12. Dec 18 Buy Lance Newman Individual 12. Dec 18 12. Dec 18 7,500 CA$0.79 CA$5,899
07. Dec 18 Buy Lance Newman Individual 06. Dec 18 07. Dec 18 25,500 CA$0.74 CA$18,853
06. Dec 18 Buy Gilmour Clausen Individual 06. Dec 18 06. Dec 18 275,000 CA$0.73 CA$201,657
04. Sep 18 Buy Lance Newman Individual 04. Sep 18 04. Sep 18 15,000 CA$1.11 CA$16,697
30. Aug 18 Buy Lance Newman Individual 22. Aug 18 30. Aug 18 10,000 CA$1.10 CA$10,733
16. Aug 18 Buy Lance Newman Individual 16. Aug 18 16. Aug 18 15,000 CA$1.04 CA$15,632
16. Aug 18 Buy Gilmour Clausen Individual 16. Aug 18 16. Aug 18 400,000 CA$1.05 CA$418,000
15. Aug 18 Buy Letitia Wong Individual 09. Aug 18 15. Aug 18 50,000 CA$1.10 CA$52,606
15. Aug 18 Buy Lance Newman Individual 31. May 18 10. Aug 18 27,000 CA$1.18 CA$29,670
15. Aug 18 Buy Gilmour Clausen Individual 15. Aug 18 15. Aug 18 300,000 CA$1.00 CA$300,000
18. Jun 18 Buy Gilmour Clausen Individual 06. Jun 18 11. Jun 18 390,000 CA$1.38 CA$508,740
18. Apr 18 Buy Alistair Cowden Individual 18. Apr 18 18. Apr 18 1,901,777 CA$0.12 CA$228,213
X
Management checks
We assess Copper Mountain Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Copper Mountain Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CMMC News

Simply Wall St News

Did Copper Mountain Mining's (TSE:CMMC) Share Price Deserve to Gain 68%?

Just take a look at Copper Mountain Mining Corporation (TSE:CMMC), which is up 68%, over three years, soundly beating the market return of 16% (not including dividends). … Copper Mountain Mining isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Copper Mountain Mining's revenue trended up 10% each year over three years.

Simply Wall St -

What You Must Know About Copper Mountain Mining Corporation's (TSE:CMMC) Financial Strength

While small-cap stocks, such as Copper Mountain Mining Corporation (TSE:CMMC) with its market cap of CA$154m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Do Insiders Own Shares In Copper Mountain Mining Corporation (TSE:CMMC)?

A look at the shareholders of Copper Mountain Mining Corporation (TSE:CMMC) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Copper Mountain Mining is not a large company by global standards.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Copper Mountain Mining Corporation (TSE:CMMC)?

So we'll take a look at whether insiders have been buying or selling shares in Copper Mountain Mining Corporation (TSE:CMMC). … The Last 12 Months Of Insider Transactions At Copper Mountain Mining. … In the last twelve months there was more buying than selling by Copper Mountain Mining insiders

Simply Wall St -

Is Copper Mountain Mining Corporation's (TSE:CMMC) Balance Sheet A Threat To Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Is Copper Mountain Mining Corporation (TSE:CMMC) Attractive At Its Current PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Copper Mountain Mining Corporation (TSE:CMMC) is trading with a trailing P/E of 4.7, which is lower than the industry average of 9.7. … Check out our latest analysis for Copper Mountain Mining

Simply Wall St -

Who Are The Top Investors In Copper Mountain Mining Corporation (TSE:CMMC)?

In this analysis, my focus will be on developing a perspective on Copper Mountain Mining Corporation’s (TSE:CMMC) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Can Copper Mountain Mining Corporation's (TSE:CMMC) ROE Continue To Surpass The Industry Average?

and looking to gauge the potential return on investment in Copper Mountain Mining Corporation (TSE:CMMC). … Copper Mountain Mining Corporation (TSE:CMMC) outperformed the copper industry on the basis of its ROE – producing a higher 20.72% relative to the peer average of 11.25% over the past 12 months. … However, ROE only measures returns against equity, not debt

Simply Wall St -

How Confident Are Insiders About Copper Mountain Mining Corporation (TSE:CMMC)?

Copper Mountain Mining Corporation operates as a mining company in Canada. … some insider buying over the past three months, with insiders investing in. … Generally, insiders buying more shares in their own firm sends a bullish signal

Simply Wall St -

Are Copper Mountain Mining Corporation's (TSE:CMMC) Interest Costs Too High?

On top of this, CMMC has produced cash from operations of CA$57.27M during the same period of time, leading to an operating cash to total debt ratio of 16.40%, indicating that CMMC’s current level of operating cash is not high enough to cover debt. … Looking at CMMC’s most recent CA$135.69M liabilities, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.05x. … In CMMC's, case, the ratio of 3.99x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: At its current level of cash flow coverage, CMMC has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

CMMC Company Info

Description

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 135 crown granted mineral claims, 156 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.

Details
Name: Copper Mountain Mining Corporation
CMMC
Exchange: TSX
Founded: 2006
CA$191,933,766
188,170,359
Website: http://www.cumtn.com
Address: Copper Mountain Mining Corporation
700 West Pender Street,
Suite 1700,
Vancouver,
British Columbia, V6C 1G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CMMC Common Shares The Toronto Stock Exchange CA CAD 29. Jun 2007
OTCPK CPPM.F Common Shares Pink Sheets LLC US USD 29. Jun 2007
DB COQ Common Shares Deutsche Boerse AG DE EUR 29. Jun 2007
ASX C6C NPV CDI 1:1 Australian Securities Exchange AU AUD 10. Apr 2018
Number of employees
Current staff
Staff numbers
0
Copper Mountain Mining employees.
Industry
Copper
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:03
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.