Rubicon Minerals Corporation engages in the exploration and development of gold properties in Canada and the United States.
Slightly overvalued with worrying balance sheet.
Share Price & News
How has Rubicon Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RMX has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: RMX underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: RMX underperformed the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Rubicon Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StCan We See Significant Institutional Ownership On The Rubicon Minerals Corporation (TSE:RMX) Share Register?
7 months ago | Simply Wall StCan We See Significant Institutional Ownership On The Rubicon Minerals Corporation (TSE:RMX) Share Register?
8 months ago | Simply Wall StWhat You Must Know About Rubicon Minerals Corporation's (TSE:RMX) Beta Value
Is Rubicon Minerals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RMX (CA$1.06) is trading below our estimate of fair value (CA$5.54)
Significantly Below Fair Value: RMX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RMX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: RMX 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 RMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RMX is overvalued based on its PB Ratio (10.9x) compared to the CA Metals and Mining industry average (1.6x).
How is Rubicon Minerals forecast to perform in the next 1 to 3 years based on estimates from 2 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 Rubicon Minerals 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.
- Take a look at our analysis of RMX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Rubicon Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Rubicon Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMX is currently unprofitable.
Growing Profit Margin: RMX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RMX is unprofitable, but has reduced losses over the past 5 years at a rate of 36% per year.
Accelerating Growth: Unable to compare RMX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RMX 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: RMX has a negative Return on Equity (-246.59%), as it is currently unprofitable.
How is Rubicon Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: RMX's short term assets (CA$7.1M) exceed its short term liabilities (CA$2.6M).
Long Term Liabilities: RMX's short term assets (CA$7.1M) do not cover its long term liabilities (CA$20.6M).
Debt to Equity History and Analysis
Debt Level: RMX's debt to equity ratio (166.9%) is considered high.
Reducing Debt: RMX's debt to equity ratio has increased from 0% to 166.9% over the past 5 years.
Inventory Level: RMX has a high level of physical assets or inventory.
Debt Coverage by Assets: RMX's debt is not covered by short term assets (assets are 0.6x 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: RMX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RMX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Rubicon Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RMX'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 RMX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RMX'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 RMX'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
George Ogilvie (51yo)
Mr. George O'Neil Ogilvie, B.Sc., P.Eng., has been the Chief Executive Officer and President at Rubicon Minerals Corporation since December 20, 2016. Mr. Ogilvie served as the Chief Executive Officer and P ...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD999.66K) is above average for companies of similar size in the Canadian market ($USD154.65K).
Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||6.3yrs||CA$781.41k||0.020% CA$18.5k|
|Director of Projects||3.2yrs||CA$628.62k||0.0039% CA$3.7k|
|Director of Investor Relations & Corporate Development||0yrs||CA$303.35k||no data|
|Corporate Controller||1yrs||no data||no data|
Experienced Management: RMX's management team is considered experienced (3.2 years average tenure).
|Independent Director||3.2yrs||CA$153.46k||0.084% CA$79.5k|
|Chairman of the Board||3.9yrs||CA$197.38k||0.0019% CA$1.8k|
|Independent Director||3.2yrs||CA$154.84k||0.011% CA$10.6k|
|Lead Independent Director||0yrs||CA$167.24k||0.011% CA$10.6k|
|Independent Director||1.8yrs||CA$171.84k||0.016% CA$14.8k|
Experienced Board: RMX's board of directors are considered experienced (3.2 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 12.3%.
Rubicon Minerals Corporation's company bio, employee growth, exchange listings and data sources
- Name: Rubicon Minerals Corporation
- Ticker: RMX
- Exchange: TSX
- Founded: 1996
- Industry: Gold
- Sector: Materials
- Market Cap: CA$94.643m
- Shares outstanding: 89.29m
- Website: https://www.rubiconminerals.com
Number of Employees
- Rubicon Minerals Corporation
- 121 King Street West
- Suite 830
- M5H 3T9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RMX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 1997|
|RBYC.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 1997|
|RU7N||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1997|
|0VG3||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Nov 1997|
Rubicon Minerals Corporation engages in the exploration and development of gold properties in Canada and the United States. The company holds a 100% interest in Phoenix Gold project located in the Red Lake gold district in northwestern Ontario, Canada. It also holds interests in approximately 285 square kilometers of exploration ground in the Red Lake gold district; and approximately 900 square kilometers of mineral property interests in the Long Canyon gold district in the Nevada-Utah border. The company was founded in 1996 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:08|
|End of Day Share Price||2020/02/24 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.