TSX:ER

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Eastmain Resources

Executive Summary

Eastmain Resources Inc., together with its subsidiary, Eastmain Mines Inc., engages in the acquisition and exploration of mineral resource properties in Canada.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Eastmain Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

57.1%

ER

5.2%

CA Metals and Mining

1.5%

CA Market


1 Year Return

44.7%

ER

52.8%

CA Metals and Mining

-4.6%

CA Market

Return vs Industry: ER underperformed the Canadian Metals and Mining industry which returned 53.1% over the past year.

Return vs Market: ER exceeded the Canadian Market which returned -4.7% over the past year.


Shareholder returns

ERIndustryMarket
7 Day57.1%5.2%1.5%
30 Day57.1%14.9%6.1%
90 Day150.0%25.5%11.1%
1 Year44.7%44.7%53.9%52.8%-1.2%-4.6%
3 Year-11.3%-11.3%67.3%64.0%11.8%1.0%
5 Year-21.4%-21.4%160.4%152.8%33.6%13.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Eastmain Resources undervalued compared to its fair value and its price relative to the market?

1.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ER is good value based on its PB Ratio (1.2x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

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

23.9%

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 Eastmain Resources 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 Eastmain Resources performed over the past 5 years?

-18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ER is currently unprofitable.

Growing Profit Margin: ER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ER is unprofitable, and losses have increased over the past 5 years at a rate of 18% per year.

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

Earnings vs Industry: ER is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).


Return on Equity

High ROE: ER has a negative Return on Equity (-24.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eastmain Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ER's short term assets (CA$4.5M) exceed its short term liabilities (CA$1.9M).

Long Term Liabilities: ER's short term assets (CA$4.5M) exceed its long term liabilities (CA$2.3M).


Debt to Equity History and Analysis

Debt Level: ER is debt free.

Reducing Debt: ER has not had any debt for past 5 years.


Balance Sheet


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: ER has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ER has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4% each year


Next Steps

Dividend

What is Eastmain Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if ER'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 ER'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?

3.3yrs

Average management tenure


CEO

Blair Schultz (43 yo)

0.67

Tenure

CA$41,018

Compensation

Mr. Blair Schultz serves as Director at Solstice Gold Corp. since May 2020. He has been an Interim President and Chief Executive Officer of Eastmain Resources Inc. since December 6, 2019. He has been a Dir ...


Leadership Team

NamePositionTenureCompensationOwnership
Blair Schultz
Interim President0.67yrCA$41.02k1.04%
CA$ 803.1k
Joseph Fazzini
CFO & VP of Corporate Development4.25yrsCA$268.98k0.83%
CA$ 636.1k
William McGuinty
Vice President of Exploration4.08yrsCA$236.49k0.20%
CA$ 151.4k
Manuel Ng-Lai
Project Engineerno dataCA$185.74kno data
Carl Corriveau
Exploration Managerno dataCA$188.76kno data
Catherine Beckett
Secretary2.42yrsno data0.011%
CA$ 8.6k
Richard Hutchinson
Mining Consultantno dataCA$9.50kno data
Neil Hillhouse
Mining Consultantno datano datano data

3.3yrs

Average Tenure

Experienced Management: ER's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Blair Schultz
Interim President0.67yrCA$41.02k1.04%
CA$ 803.1k
David Stein
Director0.42yrno datano data
Laurence Curtis
Independent Non-Executive Chairman of the Board4.92yrsCA$84.45k0.35%
CA$ 265.7k
Michael Hoffman
Independent Non-Executive Director4.42yrsCA$38.42k0.26%
CA$ 199.4k
Maura Lendon
Independent Director2.08yrsCA$50.64k0.14%
CA$ 109.1k

4.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: ER's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 19.9%.


Top Shareholders

Company Information

Eastmain Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eastmain Resources Inc.
  • Ticker: ER
  • Exchange: TSX
  • Founded: 1982
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$77.015m
  • Shares outstanding: 290.62m
  • Website: https://www.eastmain.com

Number of Employees


Location

  • Eastmain Resources Inc.
  • The Canadian Venture Building
  • 82 Richmond Street East
  • Toronto
  • Ontario
  • M5C 1P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ERTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 1987
EM5DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1987
EANR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1987

Biography

Eastmain Resources Inc., together with its subsidiary, Eastmain Mines Inc., engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold, sil ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:45
End of Day Share Price2020/08/05 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


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.