Loading...

Rubicon Minerals

TSX:RMX
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RMX
TSX
CA$86M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Rubicon Minerals Corporation engages in the exploration and development of gold properties in Canada and the United States. The last earnings update was 132 days ago. More info.


Add to Portfolio Compare Print
RMX Share Price and Events
7 Day Returns
-1.6%
TSX:RMX
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-1.6%
TSX:RMX
-5.9%
CA Metals and Mining
0.7%
CA Market
RMX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rubicon Minerals (RMX) -1.6% -6.1% -8.2% -1.6% -89.2% -99.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • RMX outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • RMX underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
RMX
Industry
5yr Volatility vs Market

RMX Value

 Is Rubicon Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rubicon Minerals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rubicon Minerals.

TSX:RMX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:RMX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (15.02%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.208 * 5.96%)
9.15%

Discounted Cash Flow Calculation for TSX:RMX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rubicon Minerals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:RMX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.15%)
2019 8.00 Analyst x1 7.33
2020 8.43 Est @ 5.46% 7.08
2021 8.81 Est @ 4.41% 6.77
2022 9.13 Est @ 3.67% 6.43
2023 9.42 Est @ 3.15% 6.08
2024 9.68 Est @ 2.79% 5.72
2025 9.93 Est @ 2.54% 5.38
2026 10.16 Est @ 2.36% 5.04
2027 10.39 Est @ 2.24% 4.72
2028 10.61 Est @ 2.15% 4.42
Present value of next 10 years cash flows CA$58.98
TSX:RMX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$10.61 × (1 + 1.95%) ÷ (9.15% – 1.95%)
CA$150.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$150.20 ÷ (1 + 9.15%)10
CA$62.58
TSX:RMX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$58.98 + CA$62.58
CA$121.56
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$121.56 / 70.27
CA$1.73
TSX:RMX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.73
Current discount Discount to share price of CA$1.23
= -1 x (CA$1.23 - CA$1.73) / CA$1.73
28.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rubicon Minerals is available for.
Intrinsic value
29%
Share price is CA$1.23 vs Future cash flow value of CA$1.73
Current Discount Checks
For Rubicon Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rubicon Minerals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rubicon Minerals's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rubicon Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rubicon Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:RMX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.45
TSX:RMX Share Price ** TSX (2019-03-20) in CAD CA$1.23
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rubicon Minerals.

TSX:RMX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RMX Share Price ÷ EPS (both in CAD)

= 1.23 ÷ -0.45

-2.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rubicon Minerals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Rubicon Minerals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Rubicon Minerals's expected growth come at a high price?
Raw Data
TSX:RMX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rubicon Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rubicon Minerals's assets?
Raw Data
TSX:RMX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.22
TSX:RMX Share Price * TSX (2019-03-20) in CAD CA$1.23
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:RMX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RMX Share Price ÷ Book Value per Share (both in CAD)

= 1.23 ÷ 0.22

5.49x

* Primary Listing of Rubicon Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rubicon Minerals is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Rubicon Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Rubicon Minerals has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RMX Future Performance

 How is Rubicon Minerals expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rubicon Minerals expected to grow at an attractive rate?
  • Unable to compare Rubicon Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rubicon Minerals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Rubicon Minerals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:RMX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:RMX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:RMX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 30 9 1
2019-12-31 0 19 1
2018-12-31 8 10 1
TSX:RMX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -24 -28
2018-06-30 -19 -25
2018-03-31 -17 -21
2017-12-31 -13 -17
2017-09-30 -13 105
2017-06-30 -14 101
2017-03-31 -14 101
2016-12-31 -20 113
2016-09-30 -27 -249
2016-06-30 -58 -272
2016-03-31 -84 -308
2015-12-31 -119 -356

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rubicon Minerals is high growth as no earnings estimate data is available.
  • Unable to determine if Rubicon Minerals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:RMX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Rubicon Minerals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RMX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31
TSX:RMX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.45
2018-06-30 -0.40
2018-03-31 -0.37
2017-12-31 -0.30
2017-09-30 2.34
2017-06-30 3.27
2017-03-31 5.91
2016-12-31 28.33
2016-09-30 -102.32
2016-06-30 -111.83
2016-03-31 -126.55
2015-12-31 -148.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rubicon Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Rubicon Minerals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Rubicon Minerals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rubicon Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rubicon Minerals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RMX Past Performance

  How has Rubicon Minerals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rubicon Minerals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rubicon Minerals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Rubicon Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rubicon Minerals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Rubicon Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rubicon Minerals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RMX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -28.47 28.58
2018-06-30 -24.52 26.76
2018-03-31 -21.45 23.63
2017-12-31 -17.11 18.76
2017-09-30 105.15 14.96
2017-06-30 101.42 12.46
2017-03-31 101.44 11.41
2016-12-31 112.81 9.19
2016-09-30 -249.18 27.86
2016-06-30 -272.40 56.32
2016-03-31 -307.76 95.88
2015-12-31 -355.82 128.47
2015-09-30 -141.52 139.25
2015-06-30 -137.10 134.12
2015-03-31 -132.39 124.70
2014-12-31 -97.14 96.10
2014-09-30 -66.21 65.46
2014-06-30 -44.28 43.17
2014-03-31 -10.88 11.57
2013-12-31 -8.18 9.22
2013-09-30 -9.08 9.39
2013-06-30 -9.54 10.04
2013-03-31 -10.41 11.42
2012-12-31 -10.37 11.25
2012-09-30 -24.06 10.74
2012-06-30 -22.11 8.50
2012-03-31 -21.47 7.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Rubicon Minerals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Rubicon Minerals has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Rubicon Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Rubicon Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rubicon Minerals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RMX Health

 How is Rubicon Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rubicon Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rubicon Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rubicon Minerals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rubicon Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rubicon Minerals Company Filings, last reported 5 months ago.

TSX:RMX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 14.78 12.99 11.90
2018-06-30 20.83 12.94 18.27
2018-03-31 27.79 12.89 25.69
2017-12-31 25.28 12.87 21.96
2017-09-30 31.11 12.71 27.11
2017-06-30 33.11 12.76 29.27
2017-03-31 36.96 12.79 33.55
2016-12-31 31.38 12.82 24.09
2016-09-30 -151.99 78.19 6.83
2016-06-30 -145.83 76.68 9.58
2016-03-31 -141.63 77.12 13.09
2015-12-31 -150.66 81.43 22.27
2015-09-30 95.89 68.03 52.00
2015-06-30 585.40 60.61 77.38
2015-03-31 556.05 4.41 57.94
2014-12-31 173.63 3.57 120.99
2014-09-30 566.32 1.83 144.04
2014-06-30 556.64 0.56 173.15
2014-03-31 559.05 0.14 200.39
2013-12-31 455.23 0.20 78.33
2013-09-30 456.31 0.27 100.52
2013-06-30 458.01 0.33 125.71
2013-03-31 459.04 0.38 147.95
2012-12-31 459.32 0.44 171.99
2012-09-30 461.04 0.49 200.08
2012-06-30 461.82 0.00 223.11
2012-03-31 461.43 0.00 245.16
  • Rubicon Minerals's level of debt (87.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 87.9% today).
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.

  • Rubicon Minerals has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Rubicon Minerals has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Rubicon Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rubicon Minerals has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RMX Dividends

 What is Rubicon Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rubicon Minerals dividends.
If you bought CA$2,000 of Rubicon Minerals shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rubicon Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rubicon Minerals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:RMX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:RMX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rubicon Minerals has not reported any payouts.
  • Unable to verify if Rubicon Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rubicon Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rubicon Minerals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rubicon Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rubicon Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rubicon Minerals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RMX Management

 What is the CEO of Rubicon Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Ogilvie
COMPENSATION CA$1,299,498
AGE 50
TENURE AS CEO 2.3 years
CEO Bio

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 President of Kirkland Lake Gold Inc. from November 18, 2013 to June 12, 2016. Mr. Ogilvie served as the Chief Executive Officer and President of Rambler Metals & Mining PLC from March 3, 2008 to January 15, 2014. He served as the Chief Operating Officer and Vice President of Operations at Rambler Metals & Mining PLC from October 23, 2006 to March 3, 2008. He has more than 24 years management, operating and technical experience in the mining industry. In 2004, he joined Dynatec Corporation as its Area Manager for the Sudbury Basin and later worked at the McCreedy West Mine as Mine Manger. He began his career in South Africa where he reached the position of Section Manager at the Anglo American plc Vaal Reefs underground gold mine before moving to Canada in 1997. Mr. Ogilvie held successive positions as Mine Superintendent, Project Engineer and Mine Manager in Flin Flon, Manitoba at Anglo American. In 2003, he moved to Sudbury, Ontario with Dynatec Corporation where he served as Mine Manager for the McCreedy West mine. He is also a registered Professional Engineer. He served as the Chairman of Rambler Metals & Mining PLC since January 15, 2014 until June 2, 2016. He has been a Director of Rubicon Minerals Corporation since December 20, 2016. He served as a Director of Kirkland Lake Gold Inc. from December 20, 2013 to June 13, 2016. He served as a Non Executive Director of Rambler Metals & Mining PLC since March 3, 2008 until June 11, 2016. Mr. Ogilvie received a B.Sc., in Mining and Petroleum Engineering from Strathclyde University, Glasgow Scotland in 1989. He is a Professional Engineer and holds his Mine Managers Certificate (South Africa).

CEO Compensation
  • George's compensation has increased whilst company is loss making.
  • George's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Rubicon Minerals management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the Rubicon Minerals management team is about average.
Management Team

George Ogilvie

TITLE
President
COMPENSATION
CA$1M
AGE
50
TENURE
2.3 yrs

Nick Nikolakakis

TITLE
Chief Financial Officer
COMPENSATION
CA$769K
AGE
51
TENURE
5.4 yrs

Rob Kallio

TITLE
Director of Legal & Corporate Secretary
COMPENSATION
CA$308K
TENURE
4.8 yrs

Mike Willett

TITLE
Director of Projects
COMPENSATION
CA$645K
TENURE
2.3 yrs

Allan Candelario

TITLE
Director of Investor Relations & Corporate Development
COMPENSATION
CA$303K

Kevin Canario

TITLE
Corporate Controller
TENURE
0.1 yrs

Glenn Kumoi

TITLE
Consultant
COMPENSATION
CA$534K
AGE
55
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Rubicon Minerals board of directors in years:

2.3
Average Tenure
51
Average Age
  • The average tenure for the Rubicon Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Julian Kemp

TITLE
Chairman of the Board
COMPENSATION
CA$210K
AGE
52
TENURE
3 yrs

George Ogilvie

TITLE
President
COMPENSATION
CA$1M
AGE
50
TENURE
2.3 yrs

Daniel Burns

TITLE
Lead Independent Director
COMPENSATION
CA$208K
AGE
57

Peter Jones

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
70
TENURE
2.3 yrs

David Alexander Palmer

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
50
TENURE
2.3 yrs

Sasha Bukacheva

TITLE
Independent Director
AGE
37
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Rubicon Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rubicon Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RMX News

Simply Wall St News

Who Owns Rubicon Minerals Corporation (TSE:RMX)?

Today, I will be analyzing Rubicon Minerals Corporation’s (TSE:RMX) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … TSX:RMX Ownership Summary August 8th 18

Simply Wall St -

Is Rubicon Minerals Corporation (TSE:RMX) A Financially Sound Company?

Rubicon Minerals Corporation (TSE:RMX) is a small-cap stock with a market capitalization of CA$76.49m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

RMX Company Info

Description

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 280 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.

Details
Name: Rubicon Minerals Corporation
RMX
Exchange: TSX
Founded: 1996
CA$86,435,943
70,273,125
Website: http://www.rubiconminerals.com
Address: Rubicon Minerals Corporation
121 King Street West,
Suite 830,
Toronto,
Ontario, M5H 3T9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RMX Common Shares The Toronto Stock Exchange CA CAD 19. Nov 1997
OTCPK RBYC.F Common Shares Pink Sheets LLC US USD 19. Nov 1997
DB RU7N Common Shares Deutsche Boerse AG DE EUR 19. Nov 1997
LSE 0VG3 Common Shares London Stock Exchange GB CAD 19. Nov 1997
Number of employees
Current staff
Staff numbers
36
Rubicon Minerals employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:56
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.