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Bonterra Resources

TSXV:BTR
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BTR
TSXV
CA$127M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Bonterra Resources has significant price volatility in the past 3 months.
BTR Share Price and Events
7 Day Returns
0%
TSXV:BTR
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-61.2%
TSXV:BTR
-5.9%
CA Metals and Mining
0.7%
CA Market
BTR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bonterra Resources (BTR) 0% 1% -25.1% -61.2% -50% 100%
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
  • BTR underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • BTR underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
BTR
Industry
5yr Volatility vs Market

Value

 Is Bonterra Resources 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 Bonterra Resources 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 Bonterra Resources.

TSXV:BTR 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 8.7%
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 TSXV:BTR
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%) (1.78%))
1.131
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.131 * 5.96%)
8.69%

Discounted Cash Flow Calculation for TSXV:BTR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bonterra Resources 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.

TSXV:BTR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.69%)
2019 -76.51 Analyst x1 -70.40
2020 22.43 Analyst x1 18.98
2021 63.32 Analyst x1 49.32
2022 105.54 Analyst x1 75.62
2023 108.18 Analyst x1 71.31
2024 110.68 Est @ 2.31% 67.13
2025 113.12 Est @ 2.2% 63.12
2026 115.52 Est @ 2.13% 59.31
2027 117.92 Est @ 2.07% 55.70
2028 120.32 Est @ 2.03% 52.29
Present value of next 10 years cash flows CA$442.40
TSXV:BTR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$120.32 × (1 + 1.95%) ÷ (8.69% – 1.95%)
CA$1,819.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,819.07 ÷ (1 + 8.69%)10
CA$790.60
TSXV:BTR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$442.40 + CA$790.60
CA$1,233.00
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,233.00 / 63.65
CA$19.37
TSXV:BTR Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$19.37
Current discount Discount to share price of CA$2.00
= -1 x (CA$2.00 - CA$19.37) / CA$19.37
89.7%

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

Current Discount
Amount off the current price Bonterra Resources is available for.
Intrinsic value
>50%
Share price is CA$2 vs Future cash flow value of CA$19.37
Current Discount Checks
For Bonterra Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bonterra Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bonterra Resources'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 Bonterra Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bonterra Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:BTR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-3.51
TSXV:BTR Share Price ** TSXV (2019-03-20) in CAD CA$2
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 Bonterra Resources.

TSXV:BTR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:BTR Share Price ÷ EPS (both in CAD)

= 2 ÷ -3.51

-0.57x

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

  • Bonterra Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Bonterra Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Bonterra Resources's expected growth come at a high price?
Raw Data
TSXV:BTR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
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 Bonterra Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bonterra Resources's assets?
Raw Data
TSXV:BTR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.55
TSXV:BTR Share Price * TSXV (2019-03-20) in CAD CA$2
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
TSXV:BTR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:BTR Share Price ÷ Book Value per Share (both in CAD)

= 2 ÷ 0.55

3.61x

* Primary Listing of Bonterra Resources.

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

  • Bonterra Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Bonterra Resources'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. Bonterra Resources 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.

Future Performance

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

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
43.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Bonterra Resources expected to grow at an attractive rate?
  • Unable to compare Bonterra Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bonterra Resources's earnings growth to the Canada market average as no estimate data is available.
  • Bonterra Resources's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSXV:BTR Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:BTR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.6%
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
TSXV:BTR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
TSXV:BTR Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-05-31 437 137 1
2022-05-31 435 135 1
2021-05-31 322 96 1
2020-05-31 245 69 1
2019-05-31 24 0 1
TSXV:BTR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 3 -38 -90
2018-08-31 -29 -25
2018-05-31 -28 -22
2018-02-28 -25 -22
2017-11-30 -24 -21
2017-08-31 -19 -18
2017-05-31 -13 -15
2017-02-28 -4 -3
2016-11-30 -3 -3
2016-08-31 -3 -3
2016-05-31 -2 -3
2016-02-29 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bonterra Resources is high growth as no earnings estimate data is available.
  • Bonterra Resources's revenue is expected to grow significantly at over 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
TSXV:BTR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Bonterra Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BTR Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-05-31
2022-05-31
2021-05-31
2020-05-31
2019-05-31
TSXV:BTR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -3.51
2018-08-31 -1.20
2018-05-31 -1.11
2018-02-28 -1.21
2017-11-30 -1.39
2017-08-31 -1.42
2017-05-31 -1.41
2017-02-28 -0.40
2016-11-30 -0.41
2016-08-31 -0.58
2016-05-31 -0.77
2016-02-29 -0.74

*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 Bonterra Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bonterra Resources'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.
Bonterra Resources has a total score of 2/6, 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.

Past Performance

  How has Bonterra Resources 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 Bonterra Resources'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.
  • Bonterra Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bonterra Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bonterra Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Bonterra Resources'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 Bonterra Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BTR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 3.38 -89.82 90.49
2018-08-31 -25.23 31.98
2018-05-31 -22.00 27.68
2018-02-28 -21.73 26.49
2017-11-30 -21.50 25.34
2017-08-31 -18.37 20.06
2017-05-31 -14.57 15.30
2017-02-28 -3.26 2.85
2016-11-30 -2.86 2.71
2016-08-31 -3.28 3.09
2016-05-31 -3.34 3.18
2016-02-29 -2.41 2.10
2015-11-30 -4.42 1.94
2015-08-31 -4.03 1.44
2015-05-31 -3.56 1.00
2015-02-28 -3.17 0.65
2014-11-30 -0.89 0.51
2014-08-31 -0.57 0.37
2014-05-31 -0.54 0.36
2014-02-28 -6.13 0.33
2013-11-30 -6.24 0.30
2013-08-31 -6.54 0.59
2013-05-31 -6.77 0.75
2013-02-28 -1.55 1.67
2012-11-30 -1.56 1.72
2012-08-31 -1.56 1.53
2012-05-31 -2.78 1.44

*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 Bonterra Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bonterra Resources 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 Bonterra Resources 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 Bonterra Resources'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.
Bonterra Resources 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.

Health

 How is Bonterra Resources'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 Bonterra Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bonterra Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bonterra Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bonterra Resources'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 7.8x 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 Bonterra Resources Company Filings, last reported 3 months ago.

TSXV:BTR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 25.49 2.27 10.89
2018-08-31 15.91 0.00 11.70
2018-05-31 21.32 0.00 22.94
2018-02-28 70.67 0.00 33.03
2017-11-30 55.19 0.00 18.46
2017-08-31 52.69 0.00 24.55
2017-05-31 12.47 0.00 13.69
2017-02-28 21.21 0.00 0.10
2016-11-30 21.72 0.00 2.19
2016-08-31 21.95 0.00 4.25
2016-05-31 16.22 0.00 0.35
2016-02-29 10.32 0.00 2.76
2015-11-30 7.55 0.00 0.75
2015-08-31 7.66 0.00 1.60
2015-05-31 5.66 0.00 0.10
2015-02-28 5.79 0.00 0.01
2014-11-30 4.83 0.00 0.10
2014-08-31 4.90 0.00 0.00
2014-05-31 4.99 0.00 0.13
2014-02-28 5.15 0.00 0.38
2013-11-30 5.32 0.00 0.39
2013-08-31 5.46 0.00 0.07
2013-05-31 5.35 0.00 0.01
2013-02-28 11.29 0.00 0.01
2012-11-30 11.40 0.00 0.03
2012-08-31 11.14 0.00 0.01
2012-05-31 11.48 0.00 0.24
  • Bonterra Resources's level of debt (8.9%) 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% vs 8.9% 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.

  • Bonterra Resources has less than a year of cash runway based on current free cash flow.
  • Bonterra Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 68.7% each year.
X
Financial health checks
We assess Bonterra Resources'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. Bonterra Resources 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.

Dividends

 What is Bonterra Resources'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 Bonterra Resources dividends.
If you bought CA$2,000 of Bonterra Resources 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 Bonterra Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bonterra Resources'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
TSXV:BTR 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.

TSXV:BTR Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-05-31
2022-05-31
2021-05-31
2020-05-31
2019-05-31

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

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

Management

 What is the CEO of Bonterra Resources'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
Greg Gibson
AGE 56
TENURE AS CEO 0.1 years
CEO Bio

Mr. Gregory Gibson, also known as Greg, has been the Chairman of Metanor Resources Inc. since April 12, 2017. Mr. Gibson was Chief Executive Officer of Metanor Resources Inc. from July 17, 2017 to August 2018. Mr. Gibson is Interim Chief Executive Officer of Metanor Resources Inc. since August 2018. He serves as Executive Chairman at BonTerra Resources Inc., since September 24, 2018 and has been its Interim Chief Executive Officer since February 5, 2019. Mr. Gibson serves as the President and Chief Executive Officer at Sprott Mining Inc., and Jerritt Canyon Gold LLC. Mr. Gibson has been the Chief Executive Officer of San Gold Corporation since June 10, 2014. Mr. Gibson has been the Chief Executive Officer and President of Trelawney Augen Acquisition Corp since September 23, 2011. He is a mining engineer with more than 30 years of experience in the mining industry. He is a 30 year veteran of the mining industry and served as a Mine Manager in gold and copper mines in Australia, a nickel mine in Timmins, Ontario and a gold mine in British Columbia. Mr. Gibson served as Interim Chief Executive Officer of Metanor Resources Inc. since April 12, 2017 until July 17, 2017. He served as the Chief Executive Officer and President of Northern Gold Mining Inc. from July 30, 2012 to May 17, 2013. He served as the Chief Executive Officer and President of Kerr Mines Inc. since October 2, 2013. He served as the Chief Executive Officer and President of Trelawney Mining and Exploration Inc. since March 1, 2009. He served as a Contract Manager of Foreman and Miner at various contractor mining companies. Mr. Gibson served for JS Redpath in Canada and the USA, Dynatec Mining Ltd. in Canada and the USA, Yilgarn Star Gold Mine in Australia and Copper Mines of Tasmania in Australia. He serves as Chairman of Mainstream Minerals Corporation. He served as the Chairman of Mag Copper Limited and as its Director from September 13, 2011 to March 1, 2017. He served as the Chairman of Temex Resources Corp. from July 11, 2012 to July 15, 2014 and served as its Director from June 12, 2012 to July 15, 2014. He served as a Co-Chairman of Metanor Resources Inc. from March 24, 2017 to April 12, 2017. He served as Chairman of Kerr Mines Inc. He served as Co-Chairman of Barkerville Gold Mines Ltd. from January 13, 2015 to March 30, 2017. Mr. Gibson serves as a Director at Sprott Mining Inc. He served as a Director at Latin American Minerals Inc. since July 2016 until August 1, 2018. He has been a Director of San Gold Corporation since September 3, 2013 and Augen Gold Corporation since September 23, 2011. Mr. Gibson has been a Director of Mainstream Minerals Corporation since October 25, 2012 until Barkerville Gold Mines Ltd. since December 16, 2014 until March 30, 2017. He served as a Director at Resource Capital Gold Corp. since May 2017 to until November 2nd,2018 and CellCube Energy Storage Systems Inc. (formerly, STINA Resources Ltd.) since February 2018. He has been a Director of Ascot Resources Ltd. since August 5, 2016 and Novo Resources Corp. since July 2017. He has been a Director of Trelawney Augen Acquisition Corp since September 23, 2011. He serves as a Director of Chester Gold Project in Timmins, Ontario. He served as a Director of Kerr Mines Inc. since October 1, 2013 until April 2017. He served as a Director of Inventus Mining Corp. since March 1, 2016 until March 22, 2017. He serves as a Director of Jerritt Canyon Canada. He served as a Director of Rae-Wallace Mining Company from July 20, 2012 to March 15, 2017. He served as a Director of Tango Mining Limited (alternative name Tango Gold Mines Incorporated) from June 2011 to July 2012. Mr. Gibson served as a Director of Portage Minerals Inc. from January 25, 2011 to July 17, 2012, Trelawney Mining and Exploration Inc. since March 25, 2009, Southeast Asia Mining Corp. since February 22, 2010, Northern Gold Mining Inc., from June 11, 2012 to September 3, 2013 and F.D.G. Mining Inc. from June 2011 to July 2012. Mr. Gibson served as a Director of SGX Resources Inc. from May 24, 2013 to August 6, 2015.

CEO Compensation
  • Insufficient data for Greg to compare compensation growth.
  • Insufficient data for Greg to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Bonterra Resources management team in years:

0.1
Average Tenure
55
Average Age
  • The average tenure for the Bonterra Resources management team is less than 2 years, this suggests a new team.
Management Team

Greg Gibson

TITLE
Interim CEO & Executive Chairman
AGE
56
TENURE
0.1 yrs

Jim Fairbairn

TITLE
Chief Financial Officer
AGE
55
TENURE
0.1 yrs

Peter Ball

TITLE
Vice President of Operations
AGE
50
TENURE
1 yrs

Dominic Verdejo

TITLE
Vice President of Corporate Development
TENURE
7.8 yrs

Anik Gendron

TITLE
Corporate Secretary
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Bonterra Resources board of directors in years:

0.5
Average Tenure
60.5
Average Age
  • The average tenure for the Bonterra Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Greg Gibson

TITLE
Interim CEO & Executive Chairman
AGE
56
TENURE
0.5 yrs

Rick Boulay

TITLE
Director
COMPENSATION
CA$120K
TENURE
3.3 yrs

Tina Ouellette

TITLE
Director
AGE
65
TENURE
0.5 yrs

Allan Folk

TITLE
Director
AGE
67
TENURE
1.9 yrs

Akiba Jacob Leisman

TITLE
Director
AGE
41
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bonterra Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
23. Jan 19 Buy Navjit Dhaliwal Individual 23. Jan 19 23. Jan 19 5,000 CA$2.35 CA$11,750
22. Jan 19 Buy Navjit Dhaliwal Individual 22. Jan 19 22. Jan 19 30,000 CA$2.34 CA$69,384
21. Jan 19 Buy Navjit Dhaliwal Individual 21. Jan 19 21. Jan 19 14,800 CA$2.21 CA$32,755
21. Jan 19 Buy R. Ginn Individual 21. Jan 19 21. Jan 19 9,000 CA$2.30 CA$20,700
09. Nov 18 Buy Kirkland Lake Gold Ltd. Company 08. Nov 18 08. Nov 18 706,600 CA$3.30 CA$2,331,780
10. Apr 18 Buy Navjit Dhaliwal Individual 09. Apr 18 09. Apr 18 950 CA$4.95 CA$4,702
11. Apr 18 Buy Navjit Dhaliwal Individual 10. Apr 18 10. Apr 18 250 CA$4.95 CA$1,238
29. Mar 18 Buy Navjit Dhaliwal Individual 29. Mar 18 29. Mar 18 500 CA$4.95 CA$2,475
22. Mar 18 Buy Navjit Dhaliwal Individual 22. Mar 18 22. Mar 18 10,000 CA$5.30 CA$52,500
26. Mar 18 Buy Navjit Dhaliwal Individual 26. Mar 18 26. Mar 18 3,300 CA$4.95 CA$16,335
X
Management checks
We assess Bonterra Resources'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. Bonterra Resources 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.

News

Simply Wall St News

Who Are The Major Shareholders Of Bonterra Resources Inc (CVE:BTR)?

In this article, I will take a quick look at Bonterra Resources Inc’s (CVE:BTR) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Company Info

Description

Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold and silver deposits. It holds interest in the Gladiator Deposit, the Moroy Deposit and Bonterra Mill, and the Barry Deposit located in the provinces of Ontario and Quebec, Canada. The company was incorporated in 2007 and is headquartered in Val-d’Or, Quebec.

Details
Name: Bonterra Resources Inc.
BTR
Exchange: TSXV
Founded: 2007
CA$127,293,572
63,646,786
Website: http://www.bonterraresources.com
Address: Bonterra Resources Inc.
2872 Sullivan Road,
Suite No. 2,
Val-d’Or,
Quebec, J9P 0B9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV BTR Common Shares TSX Venture Exchange CA CAD 04. Feb 2009
OTCPK BONX.F Common Shares Pink Sheets LLC US USD 04. Feb 2009
DB 9BR2 Common Shares Deutsche Boerse AG DE EUR 04. Feb 2009
Number of employees
Current staff
Staff numbers
0
Bonterra Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:22
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/01/29
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


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.