Eastmain Resources Inc., together with its subsidiary, Eastmain Mines Inc., engages in the acquisition and exploration of mineral resource properties in Canada.
+ 1 more risk
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
2 months ago | Simply Wall StOne Thing To Remember About The Eastmain Resources Inc. (TSE:ER) Share Price
3 months ago | Simply Wall StCould Eastmain Resources Inc.'s (TSE:ER) Investor Composition Influence The Stock Price?
Is Eastmain Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Eastmain Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Eastmain Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Eastmain Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Eastmain Resources performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Blair Schultz (43 yo)
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 ...
|Interim President||0.67yr||CA$41.02k||1.04% |
|CFO & VP of Corporate Development||4.25yrs||CA$268.98k||0.83% |
|Vice President of Exploration||4.08yrs||CA$236.49k||0.20% |
|Project Engineer||no data||CA$185.74k||no data|
|Exploration Manager||no data||CA$188.76k||no data|
|Secretary||2.42yrs||no data||0.011% |
|Mining Consultant||no data||CA$9.50k||no data|
|Mining Consultant||no data||no data||no data|
Experienced Management: ER's management team is considered experienced (3.3 years average tenure).
|Interim President||0.67yr||CA$41.02k||1.04% |
|Director||0.42yr||no data||no data|
|Independent Non-Executive Chairman of the Board||4.92yrs||CA$84.45k||0.35% |
|Independent Non-Executive Director||4.42yrs||CA$38.42k||0.26% |
|Independent Director||2.08yrs||CA$50.64k||0.14% |
Experienced Board: ER's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.9%.
Eastmain Resources Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Eastmain Resources Inc.
- The Canadian Venture Building
- 82 Richmond Street East
- M5C 1P1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ER||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 1987|
|EM5||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 1987|
|EANR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 1987|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/05 23:45|
|End of Day Share Price||2020/08/05 00:00|
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.