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Eloro Resources

TSXV:ELO
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELO
TSXV
CA$9M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Eloro Resources Ltd. engages in the exploration and development of gold and base metal properties. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Eloro Resources has significant price volatility in the past 3 months.
ELO Share Price and Events
7 Day Returns
-5.6%
TSXV:ELO
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-69.3%
TSXV:ELO
-5.4%
CA Metals and Mining
0.9%
CA Market
ELO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eloro Resources (ELO) -5.6% -22.7% -35.4% -69.3% 27.5% 70%
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • ELO underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • ELO underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
ELO
Industry
5yr Volatility vs Market

Value

 Is Eloro 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
  • It is not possible to calculate the future cash flow value for Eloro Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.255.
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 Eloro Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eloro Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ELO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:ELO Share Price ** TSXV (2019-03-22) in CAD CA$0.26
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

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

** Primary Listing of Eloro Resources.

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

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

= 0.26 ÷ -0.02

-10.87x

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

  • Eloro Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Eloro Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Eloro Resources's expected growth come at a high price?
Raw Data
TSXV:ELO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*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 Eloro Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eloro Resources's assets?
Raw Data
TSXV:ELO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.13
TSXV:ELO Share Price * TSXV (2019-03-22) in CAD CA$0.26
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSXV:ELO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.26 ÷ 0.13

1.97x

* Primary Listing of Eloro Resources.

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

  • Eloro Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Eloro 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. Eloro Resources has a total score of 0/6, 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 Eloro Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Eloro 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
34.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eloro Resources expected to grow at an attractive rate?
  • Unable to compare Eloro Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eloro Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Eloro Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ELO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
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 7%

*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:ELO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ELO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -1
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -2
2017-09-30 0 -1
2017-06-30 -1 -2
2017-03-31 -1 -1
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eloro Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Eloro Resources is high growth as no revenue estimate data is available.
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:ELO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eloro Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ELO Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.05
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.05
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.03

*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 Eloro Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Eloro Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Eloro Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Eloro Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Eloro 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.
Eloro Resources has a total score of 0/6, 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 Eloro 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 Eloro 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.
  • Eloro Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Eloro Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eloro Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Eloro 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 Eloro Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ELO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.81 0.70
2018-09-30 -1.07 0.83
2018-06-30 -1.16 0.84
2018-03-31 -1.13 0.78
2017-12-31 -1.69 1.51
2017-09-30 -1.44 1.42
2017-06-30 -1.56 1.44
2017-03-31 -1.17 1.35
2016-12-31 -0.46 0.54
2016-09-30 -0.46 0.49
2016-06-30 -0.28 0.39
2016-03-31 -0.47 0.36
2015-12-31 -0.03 -0.70 0.52
2015-09-30 -0.73 0.50
2015-06-30 -0.69 0.48
2015-03-31 -0.63 0.48
2014-12-31 0.03 -10.75 0.31
2014-09-30 -10.71 0.27
2014-06-30 -10.09 0.26
2014-03-31 -10.08 0.24
2013-12-31 0.16 0.26
2013-09-30 0.21 0.27
2013-06-30 -0.39 0.28
2013-03-31 -0.40 0.28
2012-12-31 -3.07 0.31
2012-09-30 -3.18 0.35
2012-06-30 -3.32 0.37
2012-03-31 -3.30 0.41

*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 Eloro 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 Eloro 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 Eloro 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 Eloro 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.
Eloro 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 Eloro 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 Eloro Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eloro Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eloro Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eloro 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.
  • Eloro Resources has no debt, it does not need to be covered by short term assets.
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 Eloro Resources Company Filings, last reported 2 months ago.

TSXV:ELO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.64 0.00 0.22
2018-09-30 4.32 0.00 0.38
2018-06-30 4.40 0.00 0.64
2018-03-31 4.40 0.00 0.63
2017-12-31 4.18 0.24 0.58
2017-09-30 4.33 0.09 0.67
2017-06-30 3.93 0.00 0.26
2017-03-31 3.89 0.08 0.30
2016-12-31 4.80 0.00 0.44
2016-09-30 1.00 0.00 0.52
2016-06-30 0.67 0.00 0.35
2016-03-31 0.24 0.00 0.09
2015-12-31 0.34 0.00 0.11
2015-09-30 0.08 0.00 0.20
2015-06-30 0.05 0.00 0.16
2015-03-31 0.20 0.00 0.33
2014-12-31 -0.06 0.29 0.31
2014-09-30 0.05 0.28 0.10
2014-06-30 0.13 0.28 0.10
2014-03-31 0.22 0.00 0.08
2013-12-31 10.68 0.16 0.06
2013-09-30 10.76 0.11 0.09
2013-06-30 10.06 0.07 0.04
2013-03-31 10.14 0.01 0.07
2012-12-31 10.36 0.00 0.07
2012-09-30 10.39 0.00 0.36
2012-06-30 10.45 0.00 0.35
2012-03-31 10.54 0.00 0.61
  • Eloro Resources has no debt.
  • Eloro Resources has no debt compared to 5 years ago when it was 1.5%.
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.

  • Eloro Resources has less than a year of cash runway based on current free cash flow.
  • Eloro Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 14% each year.
X
Financial health checks
We assess Eloro 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. Eloro Resources has a total score of 4/6, 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 Eloro 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 Eloro Resources dividends.
If you bought CA$2,000 of Eloro 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 Eloro Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eloro 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:ELO 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 0 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 2.1%
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.

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

  • Unable to perform a dividend volatility check as Eloro Resources has not reported any payouts.
  • Unable to verify if Eloro Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eloro Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eloro 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 Eloro 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 Eloro Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eloro 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 Eloro 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
Tom Larsen
COMPENSATION CA$107,737
AGE 63
TENURE AS CEO 22.2 years
CEO Bio

Mr. Thomas G. Larsen, also known as Tom, B.A., has been Chief Executive Officer of Cartier Iron Corporation since September 24, 2014. Mr. Larsen has been the Chief Executive Officer of Eloro Resources Ltd. since 1997 and served as its President since June 10, 2016. He served as an Interim President of Eloro Resources Ltd. since June 3, 2016 until June 10, 2016 and also served as its President since 1997. He served as an Advisor to Chief Executive Officer at Champion Iron Ltd. since September 1, 2014 until August 31, 2015. He served as Chief Executive Officer at Mamba Minerals Limited since January 4, 2014. Mr. Larsen has over 30 years of experience in the investment industry, specializing in corporate finance and management of junior mining companies, raising in excess of C$150 million in the public equity markets. He served as the President and Chief Executive Officer of Champion Iron Mines Limited since March 17, 2006 until August 29, 2014. He served as the Chief Executive Officer and President of NFX Gold Inc., and Wavex International Inc. He served as the Chief Executive Officer and President of Bear Lake Gold Ltd. Mr. Larsen served as the Chairman and President of Cartier Iron Corporation until June 5, 2012 and as its Director from 1992 to June 5, 2012. He served as Chief Executive Officer of Cartier Iron Corporation from 1997 to 2012. He served as the Chief Executive Officer and President of Northfield Metals Inc. until June 5, 2012. He serves as the Chairman of Eloro Resources Ltd. since 2002. He served as the Chairman of Champion Iron Mines Limited since March 17, 2006 and served as its Director from March 31, 2014 to August 29, 2014. He served as Non Independent Director of Champion Iron Limited since 2006. Mr. Larsen served as the Chairman of NFX Gold Inc., Wavex International Inc., Northfield Metals Inc. and Bear Lake Gold Ltd. He has been the Vice Chairman of Bear Lake Gold Ltd. since September 9, 2008. He served as a Vice Chairman of NFX Gold since September 11, 2008. He has been a Director of Cartier Iron Corporation since September 24, 2014. He has been a Director of Champion Minerals, Inc. since 2006 and Bear Lake Gold Ltd. since July 1996. Mr. Larsen has been a Director of Eloro Resources Ltd. since 2002. He serves as a Director of Wavex International Inc. He served as Director at Mamba Minerals Limited since January 4, 2014. He served as a Director of Northfield Metals Inc. from 1992 to June 5, 2012 and NFX Gold Inc. since 1996. He serves as Director at Stone Investment Group Ltd.

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

Average tenure of the Eloro Resources management team in years:

7.8
Average Tenure
  • The average tenure for the Eloro Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Larsen

TITLE
Chairman & CEO
COMPENSATION
CA$108K
AGE
63
TENURE
22.2 yrs

Miles Nagamatsu

TITLE
Chief Financial Officer
COMPENSATION
CA$66K
AGE
62
TENURE
22.2 yrs

Salisha Hosein

TITLE
Director of Investor Relations
TENURE
7.8 yrs

Chris Hale

TITLE
Chief Geophysicist & Member of Advisory Board

Jorge Estepa

TITLE
VP, Secretary & Treasurer

Jim Steel

TITLE
Senior Corporate Advisor & Member of Advisory Board
TENURE
2 yrs

Richard Roy

TITLE
Technical Advisor
COMPENSATION
CA$25K
TENURE
1.3 yrs

Bill Pearson

TITLE
Technical Advisor & Member of Advisory Board

Graham Speirs

TITLE
Technical Advisor & Member of Advisory Board
Board of Directors Tenure

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

8.4
Average Tenure
62
Average Age
  • The tenure for the Eloro Resources board of directors is about average.
Board of Directors

Tom Larsen

TITLE
Chairman & CEO
COMPENSATION
CA$108K
AGE
63
TENURE
22.2 yrs

Chris Hale

TITLE
Chief Geophysicist & Member of Advisory Board

Jim Steel

TITLE
Senior Corporate Advisor & Member of Advisory Board

Francis Sauve

TITLE
Director
AGE
57
TENURE
17.2 yrs

Alex Horvath

TITLE
Director
AGE
58
TENURE
9.2 yrs

Dušan Berka

TITLE
Director
AGE
72
TENURE
7.7 yrs

Bill Pearson

TITLE
Technical Advisor & Member of Advisory Board
TENURE
0.2 yrs

Richard Stone

TITLE
Director
AGE
62
TENURE
2.2 yrs

Graham Speirs

TITLE
Technical Advisor & Member of Advisory Board
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Eloro Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Mar 19 Buy Gambier Holdings Corp. Company 28. Feb 19 28. Feb 19 14,500 CA$0.35 CA$4,885
25. Feb 19 Sell Tartisan Nickel Corp. Company 20. Feb 19 20. Feb 19 -30,000 CA$0.33 CA$-9,900
12. Feb 19 Buy Gambier Holdings Corp. Company 07. Feb 19 07. Feb 19 40,000 CA$0.37 CA$14,253
04. Feb 19 Buy William Pearson Individual 30. Jan 19 30. Jan 19 87,500 CA$0.40 CA$35,000
04. Feb 19 Buy Gambier Holdings Corp. Company 30. Jan 19 30. Jan 19 152,500 CA$0.40 CA$61,000
01. Feb 19 Buy Dušan Berka Individual 30. Jan 19 30. Jan 19 12,500 CA$0.40 CA$5,000
28. Nov 18 Buy Gambier Holdings Corp. Company 22. Nov 18 22. Nov 18 10,000 CA$0.49 CA$4,900
17. Oct 18 Buy Pearson Geological Limited Company 15. Oct 18 15. Oct 18 125,084 CA$0.50 CA$62,542
16. Oct 18 Buy A.S. Horvath Engineering Inc Company 15. Oct 18 15. Oct 18 119,850 CA$0.50 CA$59,925
16. Oct 18 Buy Jorge Estepa Individual 15. Oct 18 15. Oct 18 352,978 CA$0.50 CA$176,489
16. Oct 18 Buy Miles Nagamatsu Individual 15. Oct 18 15. Oct 18 364,088 CA$0.50 CA$182,044
18. Sep 18 Buy Gambier Holdings Corp. Company 10. Sep 18 10. Sep 18 3,000 CA$0.38 CA$1,140
27. Jul 18 Buy Thomas Larsen Individual 24. Jul 18 24. Jul 18 4,000 CA$0.55 CA$2,200
10. Jul 18 Buy Gambier Holdings Corp. Company 05. Jul 18 09. Jul 18 7,000 CA$0.61 CA$4,207
04. Jul 18 Buy Gambier Holdings Corp. Company 29. Jun 18 29. Jun 18 3,000 CA$0.65 CA$1,950
04. Jul 18 Buy Thomas Larsen Individual 29. Jun 18 29. Jun 18 5,000 CA$0.65 CA$3,250
19. Jun 18 Sell Tartisan Nickel Corp. Company 14. Jun 18 14. Jun 18 -25,000 CA$0.70 CA$-17,500
15. Jun 18 Buy Thomas Larsen Individual 13. Jun 18 13. Jun 18 4,500 CA$0.67 CA$3,015
13. Jun 18 Buy Thomas Larsen Individual 08. Jun 18 11. Jun 18 17,000 CA$0.69 CA$11,561
14. May 18 Buy Miles Nagamatsu Individual 11. May 18 11. May 18 1,000 CA$0.60 CA$600
03. May 18 Buy Thomas Larsen Individual 02. May 18 02. May 18 10,000 CA$0.72 CA$7,100
01. May 18 Buy Gambier Holdings Corp. Company 27. Apr 18 01. May 18 31,000 CA$0.68 CA$17,610
01. May 18 Buy Miles Nagamatsu Individual 01. May 18 01. May 18 9,000 CA$0.60 CA$5,400
01. May 18 Buy Thomas Larsen Individual 23. Apr 18 01. May 18 16,000 CA$0.70 CA$10,302
27. Apr 18 Buy Gambier Holdings Corp. Company 24. Apr 18 26. Apr 18 3,500 CA$0.70 CA$2,426
17. Apr 18 Buy Gambier Holdings Corp. Company 09. Apr 18 10. Apr 18 12,000 CA$0.78 CA$8,917
11. Apr 18 Buy Gambier Holdings Corp. Company 05. Apr 18 09. Apr 18 13,500 CA$0.80 CA$10,541
09. Apr 18 Buy Gambier Holdings Corp. Company 03. Apr 18 03. Apr 18 2,000 CA$0.84 CA$1,680
27. Mar 18 Buy Gambier Holdings Corp. Company 22. Mar 18 27. Mar 18 18,500 CA$0.85 CA$15,069
X
Management checks
We assess Eloro 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. Eloro 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 Top Investors In Eloro Resources Ltd (CVE:ELO)?

In this article, I'm going to take a look at Eloro Resources Ltd’s (CVE:ELO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Is Eloro Resources Ltd's (CVE:ELO) CEO Incentives Align With Yours?

Tom Larsen took the reins as CEO of Eloro Resources Ltd's (CVE:ELO) and grew market cap to CA$23.75m recently. … CEOs leading companies of similar size and profitability … View out our latest analysis for Eloro Resources

Simply Wall St -

Should You Be Holding Eloro Resources Ltd (CVE:ELO) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Eloro Resources has a beta of 5.27, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … As a result, this aspect of ELO indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

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Is Eloro Resources Ltd's (CVE:ELO) CEO Paid Enough Relative To Peers?

See our latest analysis for Eloro Resources What has ELO's performance been like? … In the situation of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be a sign of some headwind. … Usually I would look at market cap and earnings as a proxy for performance, however, ELO's negative earnings lower the usefulness of my formula.

Simply Wall St -

What Does Eloro Resources Ltd's (CVE:ELO) Ownership Structure Look Like?

View our latest analysis for Eloro Resources TSXV:ELO Ownership_summary Mar 9th 18 Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in ELO should also look at another important group of investors: private companies, with a stake of 8.72%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Eloro Resources Ltd (CVE:ELO): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 5.9, Eloro Resources is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … ELO's fixed assets to total assets ratio of higher than 30% shows that the company uses up a big chunk of its capital on assets that are hard to scale up or down in short notice.

Simply Wall St -

What Can We Expect for Eloro Resources Ltd (CVE:ELO) Moving Forward?

Eloro Resources Ltd (TSXV:ELO), a CADCA$36.24M small-cap, operates in the basic materials industry which supplies materials for construction. … In this article, I’ll take you through the sector growth expectations, and also determine whether Eloro Resources is a laggard or leader relative to its basic materials sector peers. … If your initial investment thesis is around the growth prospects of Eloro Resources, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Is Eloro Resources Ltd's (CVE:ELO) CEO Pay Fair?

Check out our latest analysis for Eloro Resources What has ELO's performance been like? … Typically I'd use market cap and profit as factors determining performance, however, ELO's negative earnings lower the usefulness of my formula. … Hopefully this article has given you insight on how shareholders should think about ELO's governance policies such as CEO pay.

Simply Wall St -

Is Eloro Resources Ltd's (CVE:ELO) Balance Sheet Strong Enough To Weather A Storm?

With this growth in debt, the current cash and short-term investment levels stands at CA$0.3M , ready to deploy into the business. … However, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … ELO’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Who Are The Top Investors In Eloro Resources Ltd (TSXV:ELO)?

In this analysis, my focus will be on developing a perspective on Eloro Resources Ltd’s (TSXV:ELO) latest ownership structure, a less discussed, but important factor. … See our latest analysis for ELO TSXV:ELO Ownership Summary Oct 26th 17 Insider Ownership Another important group of shareholders are company insiders. … TSXV:ELO Insider Trading Oct 26th 17 General Public Ownership A big stake of 49.15% in ELO is held by the general public.

Simply Wall St -

Company Info

Description

Eloro Resources Ltd. engages in the exploration and development of gold and base metal properties. It holds a 90% interest in the La Victoria, a gold-silver property that consists of 16 mineral concessions covering an area of 8,930 hectares located in the North-Central Mineral Belt of Peru. The company also holds various copper and gold projects in Québec, Canada. Eloro Resources Ltd. was incorporated in 1985 and is based in Toronto, Canada.

Details
Name: Eloro Resources Ltd.
ELO
Exchange: TSXV
Founded: 1985
CA$9,343,776
36,642,262
Website: http://www.elororesources.com
Address: Eloro Resources Ltd.
20 Adelaide Street East,
Suite 200,
Toronto,
Ontario, M5C 2T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ELO Common Shares TSX Venture Exchange CA CAD 10. Oct 2000
OTCPK ELRR.F Common Shares Pink Sheets LLC US USD 10. Oct 2000
DB P2QM Common Shares Deutsche Boerse AG DE EUR 10. Oct 2000
Number of employees
Current staff
Staff numbers
0
Eloro Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:35
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.