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RNC Minerals

TSX:RNX
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RNX
TSX
CA$242M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

RNC Minerals, a mineral resource company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties primarily in Canada. The last earnings update was 126 days ago. More info.


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  • RNC Minerals has significant price volatility in the past 3 months.
RNX Share Price and Events
7 Day Returns
-7.1%
TSX:RNX
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
103.9%
TSX:RNX
-7.9%
CA Metals and Mining
-0.1%
CA Market
RNX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RNC Minerals (RNX) -7.1% -29.7% 10.6% 103.9% 160% 2%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • RNX outperformed the Metals and Mining industry which returned -7.9% over the past year.
  • RNX outperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
RNX
Industry
5yr Volatility vs Market

RNX Value

 Is RNC 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 RNC 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    Our intrinsic value calculation method has changed recently, learn more here.

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

TSX:RNX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
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:RNX
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 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.17 (1 + (1- 26.5%) (0.31%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.116 * 5.96%)
8.6%

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

The calculations below outline how an intrinsic value for RNC 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:RNX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.6%)
2019 15.75 Analyst x2 14.50
2020 38.10 Analyst x2 32.31
2021 39.25 Analyst x2 30.65
2022 36.70 Analyst x1 26.39
2023 35.19 Est @ -4.12% 23.30
2024 34.38 Est @ -2.3% 20.96
2025 34.03 Est @ -1.03% 19.10
2026 33.98 Est @ -0.13% 17.57
2027 34.15 Est @ 0.49% 16.26
2028 34.46 Est @ 0.93% 15.11
Present value of next 10 years cash flows CA$216.13
TSX:RNX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$34.46 × (1 + 1.95%) ÷ (8.6% – 1.95%)
CA$528.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$528.36 ÷ (1 + 8.6%)10
CA$231.61
TSX:RNX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$216.13 + CA$231.61
CA$447.75
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$447.75 / 466.20
CA$0.96
TSX:RNX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.96
Current discount Discount to share price of CA$0.52
= -1 x (CA$0.52 - CA$0.96) / CA$0.96
45.9%

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

Current Discount
Amount off the current price RNC Minerals is available for.
Intrinsic value
46%
Share price is CA$0.52 vs Future cash flow value of CA$0.96041
Current Discount Checks
For RNC Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RNC Minerals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RNC Minerals's share price is below the future cash flow value, and 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 RNC Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RNC Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:RNX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.28
TSX:RNX Share Price ** TSX (2019-03-18) in CAD CA$0.52
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of RNC Minerals.

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

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

= 0.52 ÷ -0.28

-1.84x

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

  • RNC Minerals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • RNC Minerals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does RNC Minerals's expected growth come at a high price?
Raw Data
TSX:RNX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
64.6%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 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 RNC Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RNC Minerals's assets?
Raw Data
TSX:RNX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.03
TSX:RNX Share Price * TSX (2019-03-18) in CAD CA$0.52
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:RNX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.52 ÷ 0.03

18.22x

* Primary Listing of RNC Minerals.

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

  • RNC Minerals is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess RNC 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. RNC Minerals has a total score of 2/6, 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.

RNX Future Performance

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

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
64.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RNC Minerals expected to grow at an attractive rate?
  • RNC Minerals's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • RNC Minerals's earnings growth is expected to exceed the Canada market average.
  • RNC Minerals's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:RNX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:RNX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 64.6%
TSX:RNX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 14.6%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:RNX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:RNX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 182 42 38 1
2021-12-31 158 47 37 2
2020-12-31 158 47 40 2
2019-12-31 94 43 7 2
2018-12-31 97 11 -14 2
TSX:RNX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 126 -10 -100
2018-06-30 108 -17 -104
2018-03-31 73 -16 -89
2017-12-31 73 -2 -90
2017-09-30 53 37 -28
2017-06-30 39 39 -21
2017-03-31 37 50 -30
2016-12-31 33 38 -29
2016-09-30 23 -3 -15
2016-06-30 13 -3 -11
2016-03-31 1 -6 -7
2015-12-31 -6 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RNC Minerals's earnings are expected to grow significantly at over 20% yearly.
  • RNC Minerals's revenue is expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
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:RNX 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 2 Analyst Estimates (S&P Global) See Below

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

TSX:RNX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.08 0.08 0.08 1.00
2021-12-31 0.08 0.08 0.08 1.00
2020-12-31 0.09 0.09 0.09 1.00
2019-12-31 0.02 0.02 0.02 1.00
2018-12-31 -0.04 -0.04 -0.04 1.00
TSX:RNX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.28
2018-06-30 -0.31
2018-03-31 -0.29
2017-12-31 -0.31
2017-09-30 -0.10
2017-06-30 -0.08
2017-03-31 -0.12
2016-12-31 -0.13
2016-09-30 -0.08
2016-06-30 -0.08
2016-03-31 -0.05
2015-12-31 -0.04

*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 RNC Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RNC 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.
RNC Minerals has a total score of 4/6, 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.

RNX Past Performance

  How has RNC 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 RNC 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.
  • RNC Minerals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare RNC Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare RNC Minerals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
RNC 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 RNC Minerals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RNX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 126.21 -99.56 16.58
2018-06-30 107.76 -104.00 7.85
2018-03-31 73.21 -88.56 8.49
2017-12-31 73.08 -89.99 7.61
2017-09-30 52.99 -27.93 6.25
2017-06-30 38.78 -20.76 6.89
2017-03-31 37.37 -30.28 8.68
2016-12-31 32.68 -28.86 8.61
2016-09-30 23.26 -14.84 9.09
2016-06-30 12.52 -11.38 8.15
2016-03-31 1.45 -6.77 6.13
2015-12-31 -5.32 5.50
2015-09-30 -5.80 6.28
2015-06-30 -6.06 6.04
2015-03-31 -7.86 7.40
2014-12-31 -9.91 8.09
2014-09-30 -8.49 6.57
2014-06-30 -8.34 6.88
2014-03-31 -7.26 5.78
2013-12-31 -6.74 5.27
2013-09-30 -6.76 5.73
2013-06-30 -8.27 6.47
2013-03-31 -8.44 6.73
2012-12-31 -9.16 7.51
2012-09-30 -9.32 7.19
2012-06-30 -7.56 6.46
2012-03-31 -8.53 5.86

*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 RNC 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 RNC 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 RNC 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 RNC 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.
RNC 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.

RNX Health

 How is RNC 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 RNC Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RNC Minerals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • RNC Minerals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RNC 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 10.4x 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 RNC Minerals Company Filings, last reported 5 months ago.

TSX:RNX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 12.57 0.75 0.68
2018-06-30 10.51 22.76 6.77
2018-03-31 8.41 26.31 19.95
2017-12-31 10.91 39.28 24.46
2017-09-30 84.89 21.11 21.65
2017-06-30 89.13 16.13 24.61
2017-03-31 84.04 4.85 3.64
2016-12-31 87.87 4.37 4.92
2016-09-30 97.08 39.02 10.04
2016-06-30 93.98 40.88 9.73
2016-03-31 77.85 21.39 7.22
2015-12-31 68.28 0.03 9.63
2015-09-30 70.48 0.03 14.44
2015-06-30 67.96 0.04 5.64
2015-03-31 66.45 0.04 2.58
2014-12-31 66.55 0.05 2.94
2014-09-30 68.93 0.05 6.05
2014-06-30 65.17 0.06 5.51
2014-03-31 60.43 0.07 9.71
2013-12-31 62.62 0.07 11.91
2013-09-30 64.07 0.08 14.89
2013-06-30 65.47 0.09 19.92
2013-03-31 67.36 0.10 7.41
2012-12-31 68.01 0.02 10.76
2012-09-30 69.73 0.03 17.16
2012-06-30 72.62 0.04 9.78
2012-03-31 74.54 0.05 15.56
  • RNC Minerals's level of debt (6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 6% 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.

  • RNC Minerals has less than a year of cash runway based on current free cash flow.
  • RNC Minerals has less than a year of cash runway if free cash flow continues to grow at historical rates of 30.6% each year.
X
Financial health checks
We assess RNC 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. RNC Minerals has a total score of 2/6, 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.

RNX Dividends

 What is RNC 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 RNC Minerals dividends.
If you bought CA$2,000 of RNC 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 RNC Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RNC 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:RNX 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 2 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 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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:RNX 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

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

  • Unable to perform a dividend volatility check as RNC Minerals has not reported any payouts.
  • Unable to verify if RNC Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RNC Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RNC 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 RNC 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 RNC Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RNC 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.

RNX Management

 What is the CEO of RNC 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
Mark Selby
COMPENSATION CA$437,500
AGE 52
TENURE AS CEO 5.1 years
CEO Bio

Mr. Mark Thomas Henry Selby, B.Comm (Hons), has been the Chief Executive Officer and President of RNC Minerals since February 11, 2014. Mr. Selby served as Senior Vice President of Business Development of Royal Nickel Corporation since September 30, 2010 until February 11, 2014. He has over 20 years experience in Finance and Corporate Development. He served as Vice President of Business Planning and Market Research at KGHM International Ltd. (a/k/a Quadra FNX Mining Ltd. and Quadra Mining Ltd.) from August 2008 to March 2010. Prior to Quadra, he founded Selby & Co. in 2006 to provide consulting advice to mining companies and investors on the outlook base metals and resource equity valuation. He was a principal of Selby & Co. from January 2007 to August 2008. Mr. Selby worked for 5 years at Inco Limited where he led the Strategic Planning and Corporate Development group during the multi-party acquisition battle that culminated in Inco's takeover by CVRD. He served as Assistant Vice-President of Strategic Planning & Business Development at Inco Limited from 2005 to January 2007. He has considerable experience in both corporate finance and mergers & acquisitions. He served as Director of Market Research at Inco from joining in 2001 to 2004. He serves as Chairman of Orford Mining Corporation (Formerly, True North Nickel Inc.). He serves as also Chair of the Board of NWM Mining. He served as a Member of Advisory Board at Cobalt 27 Capital Corp. He served as a Director of Minera Alamos Inc., (alternate name Virgin Metals Inc.) since November 2013 until September 18, 2014. He served as Member of Advisory Board at Desert Star Resources Ltd from February 4, 2012 to February 3, 2017. He worked at Purolator Courier. Before joining Inco Limited, Mr. Selby was a Partner at Mercer Management Consulting, where he consulted to clients in the transportation and resource sectors. He served as Principal at Mercer Management Consulting from 1994 to 2001. He serves as Chairman of NWM Mining Corporation and has been its Director since June 2012. He served as an Independent Director of Minfocus Exploration Corp. since May 6, 2010 until October 14, 2014. He served as a Director of Kiska Metals Corporation from August 5, 2009 to September 17, 2014. He served as a Director of Castle Gold Corporation from April 27, 2009 to December 2009 and Rimfire Minerals Corporation from March 1, 2009 to December 2009. He served as a Director of Pembroke Capital Corp., since May 6, 2010. Mr. Selby holds a Bachelor of Commerce (Hons) degree from Queen's University at Kingston, Ontario, Canada in 1989.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

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

2.1
Average Tenure
52
Average Age
  • The tenure for the RNC Minerals management team is about average.
Management Team

Mark Selby

TITLE
President & CEO
COMPENSATION
CA$438K
AGE
52
TENURE
5.1 yrs

Tim Hollaar

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$250K
AGE
57
TENURE
4.2 yrs

John Leddy

TITLE
VP of Business Development & General Counsel
COMPENSATION
CA$365K
AGE
50
TENURE
2.1 yrs

Johnna Muinonen

TITLE
Vice President of Nickel
COMPENSATION
CA$250K
TENURE
1.2 yrs

Paul Huet

TITLE
Executive Chairman of the Board
AGE
49
TENURE
0.1 yrs

Kevin Small

TITLE
COO & VP of Project Development
TENURE
1.2 yrs

Rob Buchanan

TITLE
Director of Investor Relations
TENURE
7.8 yrs

Paul Mattinen

TITLE
Consulting Geologist
AGE
72

Bob Salter

TITLE
Consulting Metallurgist
Board of Directors Tenure

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

0.4
Average Tenure
62.5
Average Age
  • The average tenure for the RNC Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Huet

TITLE
Executive Chairman of the Board
AGE
49
TENURE
0.1 yrs

Frank Marzoli

TITLE
Director
COMPENSATION
CA$44K
AGE
66
TENURE
11.8 yrs

Peter Goudie

TITLE
Director
COMPENSATION
CA$56K
AGE
69
TENURE
10.7 yrs

Wendy Kei

TITLE
Director
AGE
50
TENURE
0.8 yrs

Warwick Morley-Jepson

TITLE
Director
AGE
59
TENURE
0.1 yrs

Scott Hand

TITLE
Lead Director
COMPENSATION
CA$125K
AGE
75
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by RNC Minerals insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Feb 19 Buy Eric Sprott Individual 30. Jan 19 30. Jan 19 676,500 CA$0.62 CA$417,671
01. Feb 19 Buy Eric Sprott Individual 28. Jan 19 29. Jan 19 500,000 CA$0.63 CA$315,190
21. Jan 19 Buy Eric Sprott Individual 16. Jan 19 16. Jan 19 6,521,000 CA$0.46 CA$2,999,662
20. Nov 18 Buy Sprott Foundation, Endowment Arm Company 15. Nov 18 15. Nov 18 1,000,000 CA$0.55 CA$554,000
14. Nov 18 Buy Mark Selby Individual 14. Nov 18 14. Nov 18 100,000 CA$0.49 CA$48,500
25. Oct 18 Buy Mark Selby Individual 25. Oct 18 25. Oct 18 100,000 CA$0.68 CA$68,000
26. Sep 18 Buy Frank Marzoli Individual 19. Sep 18 19. Sep 18 100,000 CA$0.40 CA$40,000
25. Sep 18 Buy Eric Sprott Individual 20. Sep 18 20. Sep 18 561,000 CA$0.43 CA$240,332
18. Sep 18 Sell Frank Marzoli Individual 14. Sep 18 14. Sep 18 -200,000 CA$0.28 CA$-55,000
19. Jun 18 Buy Mark Selby Individual 19. Jun 18 19. Jun 18 100,000 CA$0.12 CA$12,000
23. Apr 18 Sell Frank Marzoli Individual 16. Apr 18 16. Apr 18 -100,000 CA$0.21 CA$-21,000
17. Apr 18 Buy John Leddy Individual 12. Apr 18 12. Apr 18 21,038 CA$0.18 CA$3,871
05. Apr 18 Buy Mark Selby Individual 04. Apr 18 04. Apr 18 50,000 CA$0.22 CA$11,000
X
Management checks
We assess RNC 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. RNC 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.

RNX News

Simply Wall St News

Why RNC Minerals's (TSE:RNX) CEO Pay Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mark Selby's Compensation Compare With Similar Sized Companies. … Our data indicates that RNC Minerals is worth CA$236m, and total annual CEO compensation is CA$438k.

Simply Wall St -

RNC Minerals (TSE:RNX): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like RNC Minerals (TSE:RNX), with a market cap of CA$34.12m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

RNX Company Info

Description

RNC Minerals, a mineral resource company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties primarily in Canada. The company explores for nickel, copper, cobalt, gold, and precious metal deposits. Its principal properties are the Beta Hunt mine located in Kambalda, Western Australia; and the Dumont Nickel-Cobalt project with 233 contiguous mineral claims covering an area of 9,306.5 hectares located in the Abitibi mining camp, Quebec, as well as the Reed mine located in the Flin Flon, Manitoba. The company was formerly known as Royal Nickel Corporation and changed its name to RNC Minerals in September 2016. RNC Minerals was incorporated in 2006 and is headquartered in Toronto, Canada.

Details
Name: RNC Minerals
RNX
Exchange: TSX
Founded: 2006
CA$242,425,693
466,203,257
Website: http://www.royalnickel.com
Address: RNC Minerals
357 Bay Street,
Suite 800,
Toronto,
Ontario, M5H 2T7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RNX Common Shares The Toronto Stock Exchange CA CAD 17. Dec 2010
OTCPK RNKL.F Common Shares Pink Sheets LLC US USD 17. Dec 2010
DB 5RN Common Shares Deutsche Boerse AG DE EUR 17. Dec 2010
Number of employees
Current staff
Staff numbers
156
RNC Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:13
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2018/11/13
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.