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BTR

Bonterra Resources TSXV:BTR Stock Report

Last Price

CA$0.48

Market Cap

CA$60.6m

7D

-21.3%

1Y

-52.0%

Updated

26 Sep, 2022

Data

Company Financials
BTR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

BTR Stock Overview

Bonterra Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada.

Bonterra Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bonterra Resources
Historical stock prices
Current Share PriceCA$0.48
52 Week HighCA$1.44
52 Week LowCA$0.48
Beta2.07
1 Month Change-22.58%
3 Month Change-50.00%
1 Year Change-52.00%
3 Year Change-78.18%
5 Year Change-87.53%
Change since IPO-98.50%

Recent News & Updates

Shareholder Returns

BTRCA Metals and MiningCA Market
7D-21.3%-8.2%-6.4%
1Y-52.0%-17.2%-8.4%

Return vs Industry: BTR underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: BTR underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is BTR's price volatile compared to industry and market?
BTR volatility
BTR Average Weekly Movement11.9%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: BTR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BTR's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aMarc-Andre Pelletierhttps://www.btrgold.com

Bonterra Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. It explores primarily for gold and silver deposits. The company’s primary projects include the Gladiator, Moroy, and Barry deposits.

Bonterra Resources Fundamentals Summary

How do Bonterra Resources's earnings and revenue compare to its market cap?
BTR fundamental statistics
Market CapCA$60.57m
Earnings (TTM)-CA$30.26m
Revenue (TTM)n/a

0.0x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTR income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$30.26m
Earnings-CA$30.26m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.24
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.4%

How did BTR perform over the long term?

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

Valuation

Is BTR 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 BTR?

Other financial metrics that can be useful for relative valuation.

BTR 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/Revenuen/a
Enterprise Value/EBITDA-1.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does BTR's PB Ratio compare to its peers?

BTR PB Ratio vs Peers
The above table shows the PB ratio for BTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average7.3x
GAL Galantas Gold
2x88.4%CA$40.1m
GG Galane Gold
0.5xn/aCA$24.9m
SGD Snowline Gold
25.6xn/aCA$300.8m
SGNL Signal Gold
0.9x92.2%CA$68.8m
BTR Bonterra Resources
1.8xn/aCA$60.6m

Price-To-Book vs Peers: BTR is good value based on its Price-To-Book Ratio (1.8x) compared to the peer average (7.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: BTR is expensive based on its Price-To-Book Ratio (1.8x) compared to the Canadian Metals and Mining industry average (1.5x)


Price to Book Ratio vs Fair Ratio

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

BTR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BTR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate BTR'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: Insufficient data to show price forecast.


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Future Growth

How is Bonterra Resources 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


13.5%

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 Bonterra Resources 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.


Discover growth companies

  • Take a look at our analysis of BTR’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.
  • Bonterra Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Bonterra Resources 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


-12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BTR is currently unprofitable.

Growing Profit Margin: BTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BTR is unprofitable, and losses have increased over the past 5 years at a rate of 12.6% per year.

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

Earnings vs Industry: BTR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.3%).


Return on Equity

High ROE: BTR has a negative Return on Equity (-91.26%), as it is currently unprofitable.


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Financial Health

How is Bonterra Resources's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BTR's short term assets (CA$6.9M) do not cover its short term liabilities (CA$7.6M).

Long Term Liabilities: BTR's short term assets (CA$6.9M) exceed its long term liabilities (CA$6.0M).


Debt to Equity History and Analysis

Debt Level: BTR has more cash than its total debt.

Reducing Debt: Insufficient data to determine if BTR'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: Insufficient data to determine if BTR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BTR 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 Bonterra Resources's 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

Bonterra Resources Dividend Yield vs Market
How does Bonterra Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Bonterra Resources)n/a
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.9%
Analyst forecast in 3 Years (Bonterra Resources)n/a

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

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

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


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Management

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

2.8yrs

Average management tenure


CEO

Marc-Andre Pelletier

0.67yr

Tenure

Mr. Marc-Andre Pelletier, P.Eng., serves as Director at Bonterra Resources Inc. since November 11, 2021 and serves as its President and Chief Executive Officer since January 17, 2022. He served as the Chie...


Leadership Team

Experienced Management: BTR's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: BTR's board of directors are not considered experienced ( 2.2 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: BTR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:BTR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
21 Sep 22BuyCA$5,899Cesar GonzalezIndividual10,000CA$0.59
20 Sep 22BuyCA$6,271Cesar GonzalezIndividual10,000CA$0.63
14 Sep 22BuyCA$24,264Cesar GonzalezIndividual37,500CA$0.65
08 Sep 22BuyCA$59,805Marc-Andre PelletierIndividual100,000CA$0.60
07 Sep 22BuyCA$1,432Cesar GonzalezIndividual2,500CA$0.57
12 Aug 22BuyCA$49,356Marc-Andre PelletierIndividual64,000CA$0.77
27 Jul 22BuyCA$24,480Marc-Andre PelletierIndividual36,000CA$0.68
21 Jul 22BuyCA$69,459Marc-Andre PelletierIndividual100,000CA$0.70
16 May 22BuyCA$6,196Peter O’MalleyIndividual6,375CA$0.99
10 May 22BuyCA$110,266Marc-Andre PelletierIndividual100,000CA$1.15
10 Mar 22BuyCA$3,612,115Wexford Capital LPCompany2,985,220CA$1.21
25 Feb 22BuyCA$31,534Cesar GonzalezIndividual25,000CA$1.26
24 Feb 22BuyCA$159,037Cesar GonzalezIndividual125,000CA$1.27
22 Feb 22BuyCA$65,591Cesar GonzalezIndividual50,000CA$1.31
15 Feb 22BuyCA$35,085Cesar GonzalezIndividual25,000CA$1.40
14 Feb 22BuyCA$27,770Cesar GonzalezIndividual20,000CA$1.39
11 Feb 22BuyCA$136,096Marc-Andre PelletierIndividual100,000CA$1.39
08 Feb 22BuyCA$6,676Cesar GonzalezIndividual5,000CA$1.34
03 Feb 22BuyCA$132,453Marc-Andre PelletierIndividual100,000CA$1.35
02 Feb 22BuyCA$26,900Cesar GonzalezIndividual20,000CA$1.35
27 Jan 22BuyCA$6,357Cesar GonzalezIndividual5,000CA$1.27
18 Jan 22BuyCA$33,849Cesar GonzalezIndividual25,000CA$1.35
09 Dec 21BuyCA$3,000Jean RainvilleIndividual2,500CA$1.20
11 Nov 21BuyCA$13,093Cesar GonzalezIndividual10,000CA$1.31
21 Oct 21BuyCA$1,671,012Wexford Capital LPCompany1,989,300CA$0.84
14 Oct 21BuyCA$30,965Cesar GonzalezIndividual30,000CA$1.03

Ownership Breakdown

What is the ownership structure of BTR?
Owner TypeNumber of SharesOwnership Percentage
Public Companies9,0000.007%
Individual Insiders1,046,3750.8%
Hedge Funds25,121,30319.9%
Institutions27,695,13921.9%
General Public72,323,68357.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.1%.


Top Shareholders

Top 14 shareholders own 42.69% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.91%
Wexford Capital LP
25,121,303CA$12.1m0%1.27%
5.95%
FMR LLC
7,506,507CA$3.6m0.22%no data
4.64%
Ruffer LLP
5,850,471CA$2.8m0%0.03%
3.8%
Franklin Resources, Inc.
4,800,000CA$2.3m0%no data
3.43%
Van Eck Associates Corporation
4,324,031CA$2.1m0%no data
2.96%
Caisse de dépôt et placement du Québec
3,739,130CA$1.8m0%no data
0.93%
Amati Global Investors Ltd.
1,175,000CA$564.0k0%0.05%
0.48%
Marc-Andre Pelletier
600,000CA$288.0k100%no data
0.33%
Cesar Gonzalez
415,000CA$199.2k10.67%no data
0.24%
U.S. Global Investors, Inc.
300,000CA$144.0k0%no data
0.012%
Johnny Oliveira
15,000CA$7.2k0%no data
0.0079%
Normand Champigny
10,000CA$4.8k0%no data
0.0071%
Plato Gold Corp.
9,000CA$4.3k0%no data
0.005%
Peter O’Malley
6,375CA$3.1k0%no data

Company Information

Bonterra Resources Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bonterra Resources Inc.
  • Ticker: BTR
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$60.574m
  • Shares outstanding: 126.20m
  • Website: https://www.btrgold.com

Location

  • Bonterra Resources Inc.
  • 2872 Sullivan Road
  • Suite 2
  • Val-D'or
  • Quebec
  • J9P 0B9
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTRTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2009
9BR2DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2009
BONX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2009

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.