TSXV:MGI

Stock Analysis Report

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Executive Summary

Magnum Goldcorp Inc. engages in the acquisition and exploration of mineral resource properties in Canada. More Details


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Magnum Goldcorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine MGI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MGI's volatility change over the past year.


Market Performance


7 Day Return

0%

MGI

-7.0%

CA Metals and Mining

1.7%

CA Market


1 Year Return

10.0%

MGI

35.2%

CA Metals and Mining

0.2%

CA Market

Return vs Industry: MGI underperformed the Canadian Metals and Mining industry which returned 35.2% over the past year.

Return vs Market: MGI exceeded the Canadian Market which returned 0.2% over the past year.


Shareholder returns

MGIIndustryMarket
7 Day0%-7.0%1.7%
30 Day10.0%-10.0%7.0%
90 Day10.0%-13.5%5.1%
1 Year10.0%10.0%36.3%35.2%3.9%0.2%
3 Year-87.8%-87.8%36.7%33.8%13.1%2.1%
5 Year-87.8%-87.8%133.6%126.6%46.5%24.1%

Long-Term Price Volatility Vs. Market

How volatile is Magnum Goldcorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Magnum Goldcorp undervalued compared to its fair value and its price relative to the market?

0.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MGI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MGI's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: MGI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MGI is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (2.6x).


Next Steps

Future Growth

How is Magnum Goldcorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Magnum Goldcorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Magnum Goldcorp performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGI is currently unprofitable.

Growing Profit Margin: MGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MGI is unprofitable, but has reduced losses over the past 5 years at a rate of 6.5% per year.

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

Earnings vs Industry: MGI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).


Return on Equity

High ROE: MGI has a negative Return on Equity (-1.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Magnum Goldcorp's financial position?


Financial Position Analysis

Short Term Liabilities: MGI's short term assets (CA$3.2K) do not cover its short term liabilities (CA$327.0K).

Long Term Liabilities: MGI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MGI's debt to equity ratio (4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MGI's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MGI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MGI has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.5% each year.


Next Steps

  • Explore more healthy companies in the Materials industry.

Dividend

What is Magnum Goldcorp current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MGI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MGI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MGI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Doug Mason (72 yo)

7yrs

Tenure

CA$30,000

Compensation

Mr. Douglas L. Mason, also known as Doug, has been Member of Independent Advisory Board at BevCanna Enterprises Inc. since July 20, 2020. Mr. Mason serves as an Independent Director at TransCanna Holdings ...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD23.02K) is below average for companies of similar size in the Canadian market ($USD165.62K).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Douglas Mason
Chairman & CEO7yrsCA$30.00k11.48%
CA$ 96.4k
Daniel Evans
CFO & Director9.58yrsCA$30.00k2.11%
CA$ 17.8k
Peter Berdusco
President & Director0.25yrno datano data
Michael Perkins
Corporate Secretaryno datano datano data

0.8yrs

Average Tenure

66yo

Average Age

Experienced Management: MGI's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Douglas Mason
Chairman & CEO7yrsCA$30.00k11.48%
CA$ 96.4k
Daniel Evans
CFO & Director9.58yrsCA$30.00k2.11%
CA$ 17.8k
Peter Berdusco
President & Director0.25yrno datano data
David Evans
Independent Director9.58yrsCA$2.00k4.61%
CA$ 38.8k
Andrzej Kowalski
Independent Director3.5yrsCA$2.00k2.02%
CA$ 17.0k

6.5yrs

Average Tenure

64yo

Average Age

Experienced Board: MGI's board of directors are considered experienced (6.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 58%.


Top Shareholders

Company Information

Magnum Goldcorp Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Magnum Goldcorp Inc.
  • Ticker: MGI
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$840.193k
  • Shares outstanding: 15.28m
  • Website: https://magnumgoldcorp.com

Location

  • Magnum Goldcorp Inc.
  • 2489 Bellevue Avenue
  • West Vancouver
  • British Columbia
  • V7V 1E1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGITSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2011
1CJBDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2011
MGID.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2011

Biography

Magnum Goldcorp Inc. engages in the acquisition and exploration of mineral resource properties in Canada. It owns a 100% interest in the LH gold property, which consists of 19 contiguous crown granted clai...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 00:43
End of Day Share Price2020/11/23 00:00
Earnings2020/08/31
Annual Earnings2020/05/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.