TSX:COP

Stock Analysis Report

Executive Summary

Coro Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties and projects located in Chile.

Rewards

Trading at 88.9% below its fair value

Risk Analysis

Earnings have declined by -23.5% per year over past 5 years

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

+ 2 more risks


Snowflake Analysis

Slightly overvalued with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.7%

COP

0.8%

CA Metals and Mining

0.8%

CA Market


1 Year Return

27.3%

COP

28.8%

CA Metals and Mining

10.6%

CA Market

Return vs Industry: COP underperformed the Canadian Metals and Mining industry which returned 28.1% over the past year.

Return vs Market: COP exceeded the Canadian Market which returned 10.4% over the past year.


Shareholder returns

COPIndustryMarket
7 Day7.7%0.8%0.8%
30 Day0%1.0%2.1%
90 Day-17.6%8.5%6.6%
1 Year27.3%27.3%29.8%28.8%14.1%10.6%
3 Year-58.8%-58.8%-0.5%-2.3%17.0%6.4%
5 Year133.3%133.3%30.0%25.8%38.5%18.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COP (CA$0.07) is trading below our estimate of fair value (CA$0.63)

Significantly Below Fair Value: COP is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: COP is overvalued based on its PB Ratio (2.5x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Coro Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.0%

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 Coro Mining 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 Coro Mining performed over the past 5 years?

-23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COP is currently unprofitable.

Growing Profit Margin: COP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COP is unprofitable, and losses have increased over the past 5 years at a rate of -23.5% per year.

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

Earnings vs Industry: COP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: COP has a negative Return on Equity (-61.75%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Coro Mining's financial position?


Financial Position Analysis

Short Term Liabilities: COP's short term assets ($14.5M) do not cover its short term liabilities ($21.9M).

Long Term Liabilities: COP's short term assets ($14.5M) exceed its long term liabilities ($4.6M).


Debt to Equity History and Analysis

Debt Level: COP's debt to equity ratio (52%) is considered high.

Reducing Debt: COP's debt to equity ratio has increased from 1.6% to 52% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: COP's debt is not covered by short term assets (assets are 0.8x 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: COP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if COP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate COP'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 COP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if COP'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 COP'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 Coro Mining's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Luis Albano Tondo 0

2.6yrs

Tenure

US$470,690

Compensation

Mr. Luis Albano Tondo has been the President and Chief Executive Officer of Coro Mining Corp. since June 12, 2017. Mr. Tondo has many years of mining experience in Latin America. Prior to joining Coro, he  ...


CEO Compensation Analysis

Compensation vs Market: Luis's total compensation ($USD360.26K) is above average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Luis's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.2yrs

Average Tenure

Experienced Management: COP's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

2.8yrs

Average Tenure

59yo

Average Age

Experienced Board: COP's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$13,038,92225 Sep 19
Greenstone Capital LLP
EntityCompany
Shares113,382,205
Max PriceCA$0.12

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 115.2%.


Management Team

  • Luis Albano Tondo

    President

    • Tenure: 2.6yrs
    • Compensation: US$470.69k
  • Sergio L. Rivera

    Vice President of Exploration

    • Tenure: 8.2yrs
    • Compensation: US$706.17k
  • Nick Bias (44yo)

    Vice President of Corporate Development & Investor Relations

    • Tenure: 1.8yrs
    • Compensation: US$557.10k
  • Leonardo Araya Munoz

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Daniel Bloch

    Company Secretary


    Board Members

    • Colin Kinley (59yo)

      Chairman of the Board

      • Tenure: 3yrs
      • Compensation: US$158.31k
    • Alan Stephens (65yo)

      Independent Director

      • Tenure: 15yrs
      • Compensation: US$527.10k
    • Petra Decher

      Independent Director

      • Tenure: 1.7yrs
      • Compensation: US$66.27k
    • Mike Haworth (53yo)

      Independent Director

      • Tenure: 3.9yrs
      • Compensation: US$42.41k
    • Luis Albano Tondo

      President

      • Tenure: 2.6yrs
      • Compensation: US$470.69k
    • Tim Petterson

      Independent Director

      • Tenure: 1.2yrs
      • Compensation: US$4.17k

    Company Information

    Coro Mining Corp.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Coro Mining Corp.
    • Ticker: COP
    • Exchange: TSX
    • Founded: 2004
    • Industry: Diversified Metals and Mining
    • Sector: Materials
    • Market Cap: CA$112.626m
    • Shares outstanding: 1.61b
    • Website: https://www.coromining.com

    Number of Employees


    Location

    • Coro Mining Corp.
    • Cerro El Plomo 5420
    • Suite 1504
    • Las Condes
    • Region Metropolitana (Santiago)
    • 7560742
    • Chile

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    E2EDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2007
    COPTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2007
    CROJ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2007

    Biography

    Coro Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties and projects located in Chile. It explores for copper, iron ore, gold, and other base and precious metals. The company principally holds 51% interests in Marimaca copper oxide project located in the Antofagasta Region of northern Chile. The company was incorporated in 2004 and is headquartered in Las Condes, Chile. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/23 00:14
    End of Day Share Price2020/01/22 00:00
    Earnings2019/09/30
    Annual Earnings2018/12/31


    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.