TSX:MOZ

Stock Analysis Report

Executive Summary

Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada.

Risk Analysis

Earnings are forecast to decline by an average of -94.3% per year for the next 3 years

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

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Marathon Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MOZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

MOZ

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

51.0%

MOZ

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: MOZ exceeded the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: MOZ exceeded the Canadian Market which returned 5.8% over the past year.


Shareholder returns

MOZIndustryMarket
7 Day-3.3%2.4%0.6%
30 Day-4.5%1.2%0.5%
90 Day-1.3%6.6%3.6%
1 Year51.0%51.0%5.0%4.4%9.1%5.8%
3 Year43.7%43.7%-10.4%-11.9%15.4%5.0%
5 Year469.2%469.2%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Marathon Gold undervalued compared to its fair value and its price relative to the market?

2.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MOZ 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 Marathon Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-94.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOZ is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MOZ is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MOZ is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if MOZ's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if MOZ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MOZ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Marathon Gold performed over the past 5 years?

-58.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOZ is currently unprofitable.

Growing Profit Margin: MOZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MOZ is unprofitable, and losses have increased over the past 5 years at a rate of -58.2% per year.

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

Earnings vs Industry: MOZ is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: MOZ has a negative Return on Equity (-2.58%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Marathon Gold's financial position?


Financial Position Analysis

Short Term Liabilities: MOZ's short term assets (CA$34.9M) exceed its short term liabilities (CA$4.7M).

Long Term Liabilities: MOZ's short term assets (CA$34.9M) exceed its long term liabilities (CA$4.6M).


Debt to Equity History and Analysis

Debt Level: MOZ is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if MOZ's debt is covered by short term assets.


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: MOZ has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MOZ has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of -30.2% each year.


Next Steps

Dividend

What is Marathon Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

1.0yrs

Average management tenure


CEO

Matt Manson (53yo)

0.5yrs

Tenure

0

Mr. Matthew L. Manson, Ph.D., also known as Matt, is the Director at Doré Copper Mining Corp. He serves as President, Chief Executive Officer and Director at Marathon Gold Corporation since August 19, 2019 ...


Leadership Team

NamePositionTenureCompensationOwnership
Robbert Borst
Chief Operating Officer1.5yrsCA$419.87k0.035% CA$93.5k
Sherry Dunsworth
Senior VP of Exploration9.3yrsCA$345.84k0.63% CA$1.7m
Matthew Manson
President0.5yrsno data0.10% CA$269.4k
Hannes Portmann
CFO & Business Development0.3yrsno data0.037% CA$97.7k
Christopher Haldane
Manager of Investor Relations0yrsno datano data
Alberto Heredia
Director0yrsno datano data

1.0yrs

Average Tenure

Experienced Management: MOZ's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Matthew Manson
President0.5yrsno data0.10% CA$269.4k
Alberto Heredia
Director0yrsno datano data
George Faught
Non-Executive Chairman8.3yrsCA$160.76k1.12% CA$3.0m
Julian Kemp
Independent Director7.3yrsCA$108.51k0.066% CA$175.4k
Janice Stairs
Independent Director2.4yrsCA$106.51k0.056% CA$148.0k
Douglas Bache
Independent Director6.7yrsCA$106.51k0.33% CA$869.5k
Phillip Walford
Director10.2yrsCA$501.03k3.06% CA$8.1m
Joseph Spiteri
Independent Director9.3yrsCA$106.51k0.20% CA$536.6k

7.3yrs

Average Tenure

62yo

Average Age

Experienced Board: MOZ's board of directors are considered experienced (7.3 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 8.1%.


Top Shareholders

Company Information

Marathon Gold Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marathon Gold Corporation
  • Ticker: MOZ
  • Exchange: TSX
  • Founded: 2009
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$265.062m
  • Shares outstanding: 179.10m
  • Website: https://www.marathon-gold.com

Location

  • Marathon Gold Corporation
  • 10 King Street East
  • Suite 501
  • Toronto
  • Ontario
  • M5C 1C3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOZTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2010
MC8DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2010
MGDP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2010

Biography

Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada. The company explores for gold and base metal deposits. Its flagship property is the Valentine Lake gold property located in Newfoundland. The company was incorporated in 2009 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:50
End of Day Share Price2020/02/14 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.