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BCM

Bear Creek Mining TSXV:BCM Stock Report

Last Price

CA$0.64

Market Cap

CA$98.2m

7D

18.5%

1Y

-43.9%

Updated

06 Oct, 2022

Data

Company Financials +
BCM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

BCM Stock Overview

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru.

Bear Creek Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bear Creek Mining
Historical stock prices
Current Share PriceCA$0.64
52 Week HighCA$1.96
52 Week LowCA$0.45
Beta2.18
1 Month Change-3.03%
3 Month Change-13.51%
1 Year Change-43.86%
3 Year Change-69.52%
5 Year Change-70.91%
Change since IPO-23.81%

Recent News & Updates

Aug 31
Is Bear Creek Mining (CVE:BCM) Using Debt Sensibly?

Is Bear Creek Mining (CVE:BCM) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

BCMCA Metals and MiningCA Market
7D18.5%7.2%3.2%
1Y-43.9%-6.5%-4.9%

Return vs Industry: BCM underperformed the Canadian Metals and Mining industry which returned -6.1% over the past year.

Return vs Market: BCM underperformed the Canadian Market which returned -3% over the past year.

Price Volatility

Is BCM's price volatile compared to industry and market?
BCM volatility
BCM Average Weekly Movement10.6%
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: BCM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BCM's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199980Tony Hawkshawhttps://www.bearcreekmining.com

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. Its flagship property is the Corani property that consists of 13 mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru.

Bear Creek Mining Fundamentals Summary

How do Bear Creek Mining's earnings and revenue compare to its market cap?
BCM fundamental statistics
Market CapCA$98.18m
Earnings (TTM)-CA$18.94m
Revenue (TTM)CA$13.83m

7.1x

P/S Ratio

-5.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCM income statement (TTM)
RevenueUS$10.08m
Cost of RevenueUS$1.58m
Gross ProfitUS$8.50m
Other ExpensesUS$22.30m
Earnings-US$13.80m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.09
Gross Margin84.34%
Net Profit Margin-136.91%
Debt/Equity Ratio28.0%

How did BCM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BCM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCM?

Other financial metrics that can be useful for relative valuation.

BCM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.4x
Enterprise Value/EBITDA-17x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BCM's PS Ratio compare to its peers?

BCM PS Ratio vs Peers
The above table shows the PS ratio for BCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6.1x
GSVR Guanajuato Silver
5.8x9.1%CA$131.9m
SCZ Santacruz Silver Mining
0.4xn/aCA$160.8m
STGO Steppe Gold
1.5x43.6%CA$68.7m
NGC Northern Graphite
16.6xn/aCA$61.4m
BCM Bear Creek Mining
7.1x29.3%CA$98.2m

Price-To-Sales vs Peers: BCM is expensive based on its Price-To-Sales Ratio (7.1x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does BCM's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Sales vs Industry: BCM is expensive based on its Price-To-Sales Ratio (7.1x) compared to the Canadian Metals and Mining industry average (2.3x)


Price to Sales Ratio vs Fair Ratio

What is BCM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.1x
Fair PS Ratio11.5x

Price-To-Sales vs Fair Ratio: BCM is good value based on its Price-To-Sales Ratio (7.1x) compared to the estimated Fair Price-To-Sales Ratio (11.5x).


Share Price vs Fair Value

What is the Fair Price of BCM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BCM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BCM's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Bear Creek Mining forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: BCM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BCM is expected to become profitable in the next 3 years.

Revenue vs Market: BCM's revenue (29.3% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: BCM's revenue (29.3% per year) 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 BCM's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Bear Creek Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCM is currently unprofitable.

Growing Profit Margin: BCM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BCM is unprofitable, and losses have increased over the past 5 years at a rate of 35% per year.

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

Earnings vs Industry: BCM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: BCM has a negative Return on Equity (-10.5%), as it is currently unprofitable.


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Financial Health

How is Bear Creek Mining's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BCM's short term assets ($37.2M) do not cover its short term liabilities ($71.9M).

Long Term Liabilities: BCM's short term assets ($37.2M) do not cover its long term liabilities ($81.7M).


Debt to Equity History and Analysis

Debt Level: BCM's net debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BCM's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: BCM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BCM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Bear Creek Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Bear Creek Mining Dividend Yield vs Market
How does Bear Creek Mining dividend yield compare to the market?
SegmentDividend Yield
Company (Bear Creek Mining)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Metals and Mining)2.5%
Analyst forecast in 3 Years (Bear Creek Mining)0%

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

High Dividend: Unable to evaluate BCM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BCM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BCM's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BCM has not reported any payouts.


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Management

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

4.8yrs

Average management tenure


CEO

Tony Hawkshaw (69 yo)

5yrs

Tenure

US$706,557

Compensation

Mr. Anthony Grant Hawkshaw, also known as Tony, BA, CA, has been Chief Executive Officer and Director at Bear Creek Mining Corp. since October 1, 2017 and served as its President since October 1, 2017. Mr....


CEO Compensation Analysis

Tony Hawkshaw's Compensation vs Bear Creek Mining Earnings
How has Tony Hawkshaw's remuneration changed compared to Bear Creek Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$14m

Mar 31 2022n/an/a

-US$22m

Dec 31 2021US$707kUS$388k

-US$22m

Sep 30 2021n/an/a

-US$19m

Jun 30 2021n/an/a

-US$19m

Mar 31 2021n/an/a

-US$13m

Dec 31 2020US$495kUS$350k

-US$13m

Sep 30 2020n/an/a

-US$13m

Jun 30 2020n/an/a

-US$14m

Mar 31 2020n/an/a

-US$17m

Dec 31 2019US$461kUS$342k

-US$18m

Sep 30 2019n/an/a

-US$15m

Jun 30 2019n/an/a

-US$14m

Mar 31 2019n/an/a

-US$12m

Dec 31 2018US$300kUS$300k

-US$10m

Sep 30 2018n/an/a

US$20m

Jun 30 2018n/an/a

US$20m

Mar 31 2018n/an/a

US$19m

Dec 31 2017US$1mUS$75k

US$18m

Compensation vs Market: Tony's total compensation ($USD706.56K) is above average for companies of similar size in the Canadian market ($USD177.91K).

Compensation vs Earnings: Tony's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BCM's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: BCM's board of directors are considered experienced (4.7 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

TSXV:BCM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Jun 22BuyCA$250,000Stephen LangIndividual250,000CA$1.00
10 Jun 22BuyCA$500,000Anthony HawkshawIndividual500,000CA$1.00
10 Jun 22BuyCA$500,000Catherine McLeod-SeltzerIndividual500,000CA$1.00
10 Jun 22BuyCA$100,000Andrew SwarthoutIndividual100,000CA$1.00
10 Jun 22BuyCA$100,000Alan T. HairIndividual100,000CA$1.00
10 Jun 22BuyCA$50,000Erfan Kazemi-EsfahaniIndividual50,000CA$1.00
10 Jun 22BuyCA$250,000KEM Capital LLCCompany250,000CA$1.00
10 Jun 22BuyCA$250,000Eric CabaIndividual250,000CA$1.00
18 Mar 22BuyCA$24,725Anthony HawkshawIndividual25,000CA$0.99
18 Mar 22BuyCA$98,975Catherine McLeod-SeltzerIndividual100,000CA$0.99
21 Dec 21BuyCA$13,100Barbara HendersonIndividual10,000CA$1.31
21 Dec 21BuyCA$188,220Catherine McLeod-SeltzerIndividual150,000CA$1.29

Ownership Breakdown

What is the ownership structure of BCM?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders5,548,5673.6%
Hedge Funds17,219,43811.2%
Institutions24,320,65315.9%
Public Companies38,661,46525.2%
General Public67,658,58544.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.4%.


Top Shareholders

Top 25 shareholders own 55.73% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.56%
Equinox Gold Corp.
25,397,160$16.3m0%no data
11.22%
Equinox Partners Investment Management LLC
17,219,438$11.0m0%4.32%
8.65%
Wheaton Precious Metals Corp.
13,264,305$8.5m0%no data
2.66%
Sprott Asset Management LP
4,079,000$2.6m0%0.09%
2.46%
Mirae Asset Global Investments Co., Ltd
3,775,930$2.4m10.94%no data
2.44%
Van Eck Associates Corporation
3,740,254$2.4m-11.49%no data
2.36%
Kopernik Global Investors, LLC
3,625,815$2.3m0%0.06%
1.69%
Heptagon Capital LLP
2,598,018$1.7m0%0.11%
1.52%
ETF Managers Group LLC
2,336,759$1.5m-41.05%0.03%
1.36%
Catherine McLeod-Seltzer
2,083,228$1.3m34.41%no data
1.02%
Andrew Swarthout
1,569,592$1.0m8.65%no data
0.99%
KEM Capital LLC
1,521,262$973.6k19.67%no data
0.52%
Anthony Hawkshaw
803,766$514.4k197.21%no data
0.44%
KONTOR STÖWER Asset Management GmbH
674,300$431.6k0%0.11%
0.39%
Dolefin SA
600,000$384.0k0%0.25%
0.23%
Eric Caba
353,162$226.0k351.83%no data
0.23%
Fuchs & Associes Finance SA
350,000$224.0k0%0.08%
0.21%
Marathon Asset Management Limited
319,151$204.3k0%no data
0.2%
Stephen Lang
300,000$192.0k1100%no data
0.13%
Russell Investment Management, LLC
201,164$128.7k0%no data
0.13%
Charteris Treasury Portfolio Managers Limited
200,000$128.0k0%0.22%
0.098%
Konwave AG
151,000$96.6k0%0.01%
0.089%
Alan T. Hair
137,211$87.8k1023.67%no data
0.073%
Erfan Kazemi-Esfahani
112,211$71.8k201.55%no data
0.053%
Barbara Henderson
80,647$51.6k26.05%no data

Company Information

Bear Creek Mining Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Bear Creek Mining Corporation
  • Ticker: BCM
  • Exchange: TSXV
  • Founded: 1999
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: CA$98.182m
  • Shares outstanding: 153.41m
  • Website: https://www.bearcreekmining.com

Number of Employees


Location

  • Bear Creek Mining Corporation
  • 400 Burrard Street
  • Suite 1400
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCMTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2003
OU6DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2003
BCMBVL (Bolsa de Valores de Lima)YesCommon SharesPEUSDApr 2003
BCEK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.