TSX:RMX

Stock Analysis Report

Rubicon Minerals

Executive Summary

Rubicon Minerals Corporation engages in the exploration and development of gold properties in Canada and the United States.


Snowflake Analysis

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.


Market Performance


7 Day Return

-1.9%

RMX

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

-21.5%

RMX

6.8%

CA Metals and Mining

2.5%

CA Market

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.


Shareholder returns

RMXIndustryMarket
7 Day-1.9%3.5%-1.5%
30 Day-7.3%5.0%-0.7%
90 Day17.2%14.3%1.8%
1 Year-21.5%-21.5%7.5%6.8%5.7%2.5%
3 Year-49.0%-49.0%2.8%1.0%16.8%6.2%
5 Year-99.6%-99.6%29.1%25.4%32.0%12.8%

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

Valuation

Is Rubicon Minerals 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: 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).


Next Steps

Future Growth

How is Rubicon Minerals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.0%

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 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.


Next Steps

Past Performance

How has Rubicon Minerals performed over the past 5 years?

36.0%

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.


Next Steps

Financial Health

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.


Balance Sheet

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.


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

George Ogilvie (51yo)

3.2yrs

Tenure

CA$1,320,925

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
George Ogilvie
President3.2yrsCA$1.32m0.54% CA$511.4k
Nicholas Nikolakakis
Chief Financial Officer6.3yrsCA$781.41k0.020% CA$18.5k
Michael Willett
Director of Projects3.2yrsCA$628.62k0.0039% CA$3.7k
Allan Candelario
Director of Investor Relations & Corporate Development0yrsCA$303.35kno data
Kevin Canario
Corporate Controller1yrsno datano data
Glenn Kumoi
Consultant3.2yrsCA$534.11kno data

3.2yrs

Average Tenure

52yo

Average Age

Experienced Management: RMX's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Ogilvie
President3.2yrsCA$1.32m0.54% CA$511.4k
David Alexander Palmer
Independent Director3.2yrsCA$153.46k0.084% CA$79.5k
Julian Kemp
Chairman of the Board 3.9yrsCA$197.38k0.0019% CA$1.8k
Peter Jones
Independent Director3.2yrsCA$154.84k0.011% CA$10.6k
Daniel Burns
Lead Independent Director0yrsCA$167.24k0.011% CA$10.6k
Aleksandra Bukacheva
Independent Director1.8yrsCA$171.84k0.016% CA$14.8k

3.2yrs

Average Tenure

52yo

Average Age

Experienced Board: RMX's board of directors are considered experienced (3.2 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 12.3%.


Top Shareholders

Company Information

Rubicon Minerals Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Rubicon Minerals Corporation
  • 121 King Street West
  • Suite 830
  • Toronto
  • Ontario
  • M5H 3T9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMXTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1997
RBYC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1997
RU7NDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1997
0VG3LSE (London Stock Exchange)YesCommon SharesGBCADNov 1997

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 00:08
End of Day Share Price2020/02/24 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.