Black Mountain Gold USA (TSXV:BMG) - Share price, News & Analysis

BMG fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

BMG Stock Overview

Black Mountain Gold USA Corp. engages in the exploration and evaluation of mineral properties in the United States.

Risk Analysis

Earnings have declined by 81.4% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

Does not have a meaningful market cap (CA$10M)

Volatile share price over the past 3 months

+ 1 more risk

Black Mountain Gold USA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Black Mountain Gold USA
Historical stock prices
Current Share Price	CA$0.26
52 Week High	CA$0.60
52 Week Low	CA$0.24
Beta	2.68
1 Month Change	-32.90%
3 Month Change	-32.90%
1 Year Change	-44.57%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	10.87%

Shareholder Returns

	BMG	CA Metals and Mining	CA Market
7D	-8.9%	4.0%	0.8%
1Y	-44.6%	-7.4%	4.8%

Return vs Industry: BMG underperformed the Canadian Metals and Mining industry which returned -7.4% over the past year.

Return vs Market: BMG underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is BMG's price volatile compared to industry and market?
BMG volatility
BMG Average Weekly Movement	14.3%
Metals and Mining Industry Average Movement	10.8%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.4%

Stable Share Price: BMG is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: BMG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2015	n/a	Graham Harris	https://www.blackmountaingoldusa.com

Black Mountain Gold USA Corp. engages in the exploration and evaluation of mineral properties in the United States. It holds an option to acquire a 90% interest in the Mohave gold project that consists of 160 claims and mill site claims covering an area of approximately 1,295 hectares located in Mohave County, Arizona. The company was formerly known as Huffington Capital Corp. and changed its name to Black Mountain Gold USA Corp. in January 2021.

Black Mountain Gold USA Fundamentals Summary

How do Black Mountain Gold USA's earnings and revenue compare to its market cap?
BMG fundamental statistics
Market Cap	CA$9.77m
Earnings (TTM)	-CA$2.29m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-4.3x

P/E Ratio

Is BMG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMG income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$39.25k
Gross Profit	-CA$39.25k
Other Expenses	CA$2.25m
Earnings	-CA$2.29m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.06
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did BMG perform over the long term?

See historical performance and comparison

Valuation

Is Black Mountain Gold USA undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.85x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: BMG is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.

PE vs Market: BMG 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 BMG's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BMG is good value based on its PB Ratio (1.9x) compared to the CA Metals and Mining industry average (2x).

Future Growth

How is Black Mountain Gold USA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.8%

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 Black Mountain Gold USA 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.

Past Performance

How has Black Mountain Gold USA 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

-81.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BMG is currently unprofitable.

Growing Profit Margin: BMG is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BMG is unprofitable, and losses have increased over the past 5 years at a rate of 81.4% per year.

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

Earnings vs Industry: BMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-3.8%).

Return on Equity

High ROE: BMG has a negative Return on Equity (-43.38%), as it is currently unprofitable.

Financial Health

How is Black Mountain Gold USA's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BMG's short term assets (CA$4.0M) exceed its short term liabilities (CA$150.0K).

Long Term Liabilities: BMG has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: BMG is debt free.

Reducing Debt: BMG has not had any debt for 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: BMG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BMG has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 74.1% each year.

Dividend

What is Black Mountain Gold USA 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
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BMG'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 BMG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BMG'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 BMG has not reported any payouts.

Discover strong dividend paying companies

Management

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

1.5yrs

Average board tenure

CEO

Graham Harris (59 yo)

1.5yrs

Tenure

CA$70,000

Compensation

Mr. Graham L. Harris, B.A., serves as President, Chief Executive Officer and Director of Black Mountain Gold USA Corp. since November 4, 2020. Mr. Harris has been Chairman of Millennial Lithium Corp. since...

CEO Compensation Analysis

Compensation vs Market: Graham's total compensation ($USD54.52K) is below average for companies of similar size in the Canadian market ($USD168.24K).

Compensation vs Earnings: Insufficient data to compare Graham's compensation with company performance.

Board Members

Experienced Board: BMG's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: BMG 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 44.9%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/02/28
Annual Earnings	2021/08/31