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Eros Resources

TSXV:ERC
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ERC
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Eros Resources Corp. engages in the acquisition, exploration, and development of mineral and oil resource properties in North America. The last earnings update was 22 days ago. More info.


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  • Eros Resources has significant price volatility in the past 3 months.
ERC Share Price and Events
7 Day Returns
0%
TSXV:ERC
3.6%
CA Metals and Mining
0.4%
CA Market
1 Year Returns
-27.3%
TSXV:ERC
-8.3%
CA Metals and Mining
-3%
CA Market
ERC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eros Resources (ERC) 0% -5.9% -11.1% -27.3% -52.9% -68.6%
CA Metals and Mining 3.6% 7.1% -0.1% -8.3% -15.4% -21.2%
CA Market 0.4% -1% -0.6% -3% 10.9% 1.6%
1 Year Return vs Industry and Market
  • ERC underperformed the Metals and Mining industry which returned -8.3% over the past year.
  • ERC underperformed the Market in Canada which returned -3% over the past year.
Price Volatility
ERC
Industry
5yr Volatility vs Market

Value

 Is Eros 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 Eros Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
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 Eros Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eros Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ERC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.05
TSXV:ERC Share Price ** TSXV (2019-06-17) in CAD CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 13.57x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 15.01x

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

** Primary Listing of Eros Resources.

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

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

= 0.08 ÷ -0.05

-1.51x

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

  • Eros Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Eros Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Eros Resources's expected growth come at a high price?
Raw Data
TSXV:ERC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.51x
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 36 Publicly-Listed Metals and Mining Companies 0.73x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.14x

*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 Eros Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eros Resources's assets?
Raw Data
TSXV:ERC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.09
TSXV:ERC Share Price * TSXV (2019-06-17) in CAD CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,084 Publicly-Listed Metals and Mining Companies 1.31x
Canada Market PB Ratio Median Figure of 2,414 Publicly-Listed Companies 1.41x
TSXV:ERC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.08 ÷ 0.09

0.85x

* Primary Listing of Eros Resources.

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

  • Eros Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Eros 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. Eros Resources has a total score of 1/6, 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 Eros 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 Eros 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
27.9%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eros Resources expected to grow at an attractive rate?
  • Unable to compare Eros Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eros Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Eros Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ERC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 27.9%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:ERC 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:ERC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 0 0 -3
2018-12-31 0 0 -5
2018-09-30 0 -1 -8
2018-06-30 1 0 -7
2018-03-31 0 1 -4
2017-12-31 0 -1 -3
2017-09-30 0 -1 -1
2017-06-30 -1 -1
2017-03-31 -2 -2
2016-12-31 0 -3
2016-09-30 0 0
2016-06-30 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eros Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Eros 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:ERC 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 Eros Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ERC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.05
2018-12-31 -0.11
2018-09-30 -0.16
2018-06-30 -0.14
2018-03-31 -0.08
2017-12-31 -0.06
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.05
2016-12-31 -0.07
2016-09-30 0.01
2016-06-30 0.00

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

Next steps:

  1. Take a look at our analysis of ERC’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.
  2. Eros 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. Eros 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 Eros 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.
Eros 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 Eros 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 Eros 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.
  • Eros Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Eros Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eros Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Eros 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 Eros Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ERC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 0.17 -2.56 0.34
2018-12-31 0.25 -5.40 0.55
2018-09-30 0.47 -7.52 0.71
2018-06-30 0.53 -6.59 0.76
2018-03-31 0.47 -3.93 0.86
2017-12-31 0.37 -2.63 0.66
2017-09-30 0.14 -0.86 0.70
2017-06-30 -0.95 0.79
2017-03-31 -2.21 0.71
2016-12-31 -3.06 0.63
2016-09-30 0.49 0.20
2016-06-30 0.15 0.42
2016-03-31 -0.22 0.63
2015-12-31 -1.27 1.04
2015-09-30 -2.59 1.69
2015-06-30 -2.42 1.34
2015-03-31 -4.55 0.83
2014-12-31 -3.45 0.49
2014-09-30 -4.18 1.37
2014-06-30 -4.09 1.35
2014-03-31 -1.93 1.86
2013-12-31 -1.93 1.87
2013-09-30 -0.65 0.64
2013-06-30 -0.65 0.64
2013-03-31 -0.51 0.47
2012-12-31 -0.45 0.40
2012-09-30 -0.49 0.44
2012-06-30 -0.56 0.50

*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 Eros 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 Eros 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 Eros 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 Eros 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.
Eros 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 Eros 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 Eros Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eros Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eros Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eros 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.
  • Low level of unsold assets.
  • Eros 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 Eros Resources Company Filings, last reported 2 months ago.

TSXV:ERC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4.56 0.00 0.39
2018-12-31 2.34 0.00 0.83
2018-09-30 4.90 0.00 1.02
2018-06-30 5.73 0.00 1.28
2018-03-31 7.09 0.00 1.54
2017-12-31 7.70 0.00 3.57
2017-09-30 13.15 0.00 4.03
2017-06-30 12.04 0.00 4.27
2017-03-31 12.22 0.00 2.49
2016-12-31 11.00 0.00 3.88
2016-09-30 17.18 0.00 4.73
2016-06-30 13.88 0.00 6.37
2016-03-31 12.36 0.00 7.11
2015-12-31 12.05 0.00 7.42
2015-09-30 11.68 0.00 8.78
2015-06-30 8.92 0.00 10.10
2015-03-31 9.05 0.00 13.45
2014-12-31 10.75 0.00 0.08
2014-09-30 20.70 0.00 0.90
2014-06-30 20.69 0.00 1.81
2014-03-31 0.30 0.00 0.40
2013-12-31 0.42 0.00 0.57
2013-09-30 1.63 0.00 1.67
2013-06-30 1.71 0.00 1.77
2013-03-31 2.01 0.00 2.09
2012-12-31 2.14 0.00 2.23
2012-09-30 2.27 0.00 2.28
2012-06-30 2.31 0.00 2.39
  • Eros Resources has no debt.
  • Eros Resources has not taken on any debt in the past 5 years.
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.

  • Eros Resources has less than a year of cash runway based on current free cash flow.
  • Eros Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -22.7% each year.
X
Financial health checks
We assess Eros 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. Eros Resources has a total score of 3/6, 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 Eros 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 Eros Resources dividends.
If you bought CA$2,000 of Eros 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 Eros Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eros 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:ERC 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 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

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 Eros Resources has not reported any payouts.
  • Unable to verify if Eros Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eros Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eros 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 Eros Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Eros Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eros 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 Eros 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
Ron Netolitzky
COMPENSATION CA$29,500
AGE 76
TENURE AS CEO 1.4 years
CEO Bio

Mr. Ronald Kort Netolitzky, also known as Ron, M.Sc. (Geology), P.Geo., has been President and Chief Executive Officer at Eros Resources Corp. since January 16, 2018 and also its Director. Mr. Netolitzky has been an Advisor of Nickel North Exploration Corp. since August 2012. He serves as an Advisor of Sama Resources Inc./Ressources Sama Inc. He has been the Chief Executive Officer and President of MAS Gold Corp. (formerly known as Masuparia Gold Corporation) since September 7, 2011 and serves as its Chairman. He has been the President of Keewatin Consultants Inc., since April 1988. He served as an Acting Chief Executive Officer of Boss Power Corp. from April 1, 2013 to July 2-15. He served as the President and Chief Executive Officer at Anthem Resources Incorporated until July 2009. He served as the Chief Executive Officer and President of Golden Band Resources Inc. from November 25, 2003 to May 1, 2007. He has been involved with public mining companies for over 25 years. He has over 30 years experience in mining exploration and has knowledge in aggressive business. He has extensive global acquisition, exploration and mine development experience achieving success in Canada with the development of three major gold discoveries into successfully producing mines: Eskay Creek, Snip and Brewery Creek. He served as the Chairman of Sprott Resource Lending Corp. from October 1996 to November 2002, served as its Chief Executive Officer and served as its President from December 31, 2001 to June 2003. He served as the Chairman of Viceroy Exploration Ltd. since April 2003 and also served as its Chief Executive Officer. He served as the President of Viceroy Exploration Ltd., from March 2003 to December 2003. He served as the President and Chief Executive Officer of Consolidated Trillion Resources Ltd. He served as the Chairman and President of Viceroy Resource Corporation. He served as the Chairman of Osisko Hammond Reef Gold Ltd. since October 2005. He has been Chairman of Aben Resources Ltd. since March 3, 2011. He served as a Chairman of the Board of Skeena Resources Ltd until February 2019. Mr. Netolitzky served as an Executive Chairman of Golden Band Resources Inc., since December 9, 2009. He served as the Chairman of SnipGold Corp. from May 18, 2012 to October 2013. He served as the Chairman at Golden Band Resources Inc. from May 1, 2007 to December 2009. He served as the Chairman of Consolidated Trillion Resources Ltd. from January 1999 to December 2003. He served as the Chairman of Boss Power Corp. until November 14, 2013. Mr. Netolitzky served as the Chairman at both Loki Gold Corp. and Baja Gold Inc. He served as a Independent Director of Skeena Resources Ltd. since April 20, 1983 until February 2019. He has been an Independent Director of Pacific Iron Ore Corporation since July 8, 2008 and Anthem Resources Incorporated since March 2003. He has been a Member of the Advisory Board at Athabasca Nuclear Corp. since February 2012. He has been an Independent Director of Masuparia Gold Corp. since June 2011 and Copper Canyon Resources Ltd. since June 2006. He served as a Director of Brett Resources Inc. since December 15, 1993. Mr. Netolitzky has been a Director at Strongbow Exploration Inc. since May 3, 2004 and Boss Power Corp. since April 30, 2014. He has been a Member of Executive Advisory Board at Shine Minerals Corp. (formerly known as Ironside Resources Inc.) since October 21, 2010. He has been a Member of Advisory Board at Yellowjacket Resources Ltd., since February 2012. He has been a Member of Technical Advisory Board at Blue Sky Uranium Corp. since January 1, 2011. He serves as a Member of the Executive Advisory Board at Fission Energy Corp. Mr. Netolitzky serves as a Director of VA Uranium Holdings, Inc. He served as a Member of Advisory Board at Omineca Mining & Metals Inc. and served as its Director until February 2012. He served as an Independent Director of Eagle Plains Resources Ltd. since May 18, 2004 until June 15, 2017. He served as an Independent Director of Solomon Resources Ltd., from August 1, 1989 to November 8, 2012. He served as a Director at Golden Band Resources Inc. from June 1989 to December 1, 2014. Mr. Netolitzky served as a Director of Blue Sky Uranium Corp. from November 25, 2009 to July 5, 2012 and Athabasca Nuclear Corp. until February 2012. He served as a Director of American Bonanza Gold Corp. from March 25, 2005 to February 6, 2013. He served as an Independent Director of NGEx Resources Inc. from September 25, 2003 to April 17, 2009 and Boss Power Corp. from September 25, 2007 to November 14, 2013. Mr. Netolitzky served as a Director of Yellowjacket Resources Ltd. until February 6, 2012, Omineca Mining and Metals Ltd. until February 3, 2012, Consolidated Trillion Resources Ltd. since 1987, Sprott Resource Lending Corp. since June 1989, SpectrumGold Inc. since February 11, 2004, Aurcana Corporation since 1997, Viceroy Exploration Ltd. since March 2003, Virginia Energy Resources Inc. since March 2003, Pacalta Resources Ltd., and Omineca Mining & Metals Inc. until February 23, 2012. He served as a Member of Advisory Board at Skyline Gold Corp. from June 2011 to May 18, 2012 and its Director since May 2012. He has been a Professional Geologist since 1965. He was the first to recognize the gold potential of the La Ronge gold belt and was later instrumental in the discovery of the Snip, Eskay Creek and Brewery Creek gold deposits in British Columbia and the Yukon, earning him the Prospector of the Year Award in 1990 from the PDAC. Mr. Netolitzky holds a Bachelor of Science Degree in Geology from the University of Alberta and a Master of Science Degree in Geology from the University of Calgary in 1969, both in Geology.

CEO Compensation
  • Ron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ron's remuneration is lower than average for companies of similar size in Canada.
Management Team

Ron Netolitzky

TITLE
President
COMPENSATION
CA$30K
AGE
76
TENURE
1.4 yrs

Andrew Davidson

TITLE
CFO, Company Secretary & Director
TENURE
0.4 yrs

Tony Perri

TITLE
Investor Relations Manager

Rupert Allan

TITLE
Vice President of Exploration
AGE
72
Board of Directors Tenure

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

3.3
Average Tenure
54
Average Age
  • The tenure for the Eros Resources board of directors is about average.
Board of Directors

Tom MacNeill

TITLE
Chairman of the Board
COMPENSATION
CA$12K
AGE
52
TENURE
1.4 yrs

Ron Netolitzky

TITLE
President
COMPENSATION
CA$30K
AGE
76
TENURE
5.2 yrs

Andrew Davidson

TITLE
CFO, Company Secretary & Director
TENURE
0.4 yrs

Ross McElroy

TITLE
Director
COMPENSATION
CA$12K
AGE
54
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Eros 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. Eros 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

Introducing Eros Resources (CVE:ERC), The Stock That Dropped 49% In The Last Five Years

View our latest analysis for Eros Resources. … We don't think Eros Resources's revenue of CA$468,015 is enough to establish significant demand. … For example, investors may be hoping that Eros Resources finds some valuable resources, before it runs out of money.

Simply Wall St -

Are Eros Resources Corp.'s (CVE:ERC) Interest Costs Too High?

(CVE:ERC), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is ERC will have to adhere to stricter debt covenants and have less financial flexibility. … Is financial flexibility worth the lower cost of capital.

Simply Wall St -

Do Directors Own Eros Resources Corp. (CVE:ERC) Shares?

A look at the shareholders of Eros Resources Corp. … Eros Resources is not a large company by global standards. … View our latest analysis for Eros Resources

Simply Wall St -

How Eros Resources Corp (CVE:ERC) Can Impact Your Portfolio Volatility

If you're interested in Eros Resources Corp (CVE:ERC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Is Eros Resources Corp's (CVE:ERC) Balance Sheet A Threat To Its Future?

The direct benefit for Eros Resources Corp (CVE:ERC), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Company Info

Description

Eros Resources Corp. engages in the acquisition, exploration, and development of mineral and oil resource properties in North America. It explores gold, silver, and uranium deposits. The company primarily holds 100% interests in the Bell Mountain gold-silver property with 174 unpatented lode claims covering a land package of 1,463 hectares located to the southeast of Reno, Nevada. The company was formerly known as Boss Power Corp. and changed its name to Eros Resources Corp. in July 2015. Eros Resources Corp. is based in Vancouver, Canada.

Details
Name: Eros Resources Corp.
ERC
Exchange: TSXV
Founded:
CA$3,875,748
48,446,854
Website: http://www.erosresourcescorp.com
Address: Eros Resources Corp.
1021 West Hastings Street,
Suite 650,
Vancouver,
British Columbia, V6E 0C3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ERC Common Shares TSX Venture Exchange CA CAD 15. Jun 2007
OTCPK BPUZ.F Common Shares Pink Sheets LLC US USD 15. Jun 2007
DB 6BP Common Shares Deutsche Boerse AG DE EUR 15. Jun 2007
Number of employees
Current staff
Staff numbers
0
Eros Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:06
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.