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MGM

Maple Gold Mines TSXV:MGM Stock Report

Last Price

CA$0.17

Market Cap

CA$58.8m

7D

12.9%

1Y

-40.7%

Updated

05 Oct, 2022

Data

Company Financials +
MGM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MGM Stock Overview

Maple Gold Mines Ltd. operates as a gold exploration company in Canada.

Maple Gold Mines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maple Gold Mines
Historical stock prices
Current Share PriceCA$0.17
52 Week HighCA$0.39
52 Week LowCA$0.15
Beta-0.044
1 Month Change0%
3 Month Change0%
1 Year Change-40.68%
3 Year Change84.21%
5 Year Change-36.36%
Change since IPO-75.00%

Recent News & Updates

Aug 05
Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

MGMCA Metals and MiningCA Market
7D12.9%7.2%3.2%
1Y-40.7%-6.1%-3.0%

Return vs Industry: MGM underperformed the Canadian Metals and Mining industry which returned -5% over the past year.

Return vs Market: MGM underperformed the Canadian Market which returned -2.5% over the past year.

Price Volatility

Is MGM's price volatile compared to industry and market?
MGM volatility
MGM Average Weekly Movement7.6%
Metals and Mining Industry Average Movement11.9%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: MGM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MGM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aB. Hornorhttps://www.maplegoldmines.com

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project with 691 mineral claims covering an area of approximately 369 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec; and the Joutel project covering an area of approximately 39 square kilometers located in Quebec, Canada. The company was formerly known as Aurvista Gold Corporation and changed its name to Maple Gold Mines Ltd.

Maple Gold Mines Fundamentals Summary

How do Maple Gold Mines's earnings and revenue compare to its market cap?
MGM fundamental statistics
Market CapCA$58.83m
Earnings (TTM)-CA$7.67m
Revenue (TTM)n/a

0.0x

P/S Ratio

-7.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGM income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$7.67m
Earnings-CA$7.67m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.023
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.3%

How did MGM perform over the long term?

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

Valuation

Is MGM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MGM?

Other financial metrics that can be useful for relative valuation.

MGM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-4.5x
PEG Ration/a

Price to Book Ratio vs Peers

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

MGM PB Ratio vs Peers
The above table shows the PB ratio for MGM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.8x
RVG Revival Gold
3.2x38.6%CA$52.1m
WHN Westhaven Gold
1.9xn/aCA$54.8m
IRV Irving Resources
1.6xn/aCA$57.9m
MJS Majestic Gold
0.5xn/aCA$62.6m
MGM Maple Gold Mines
4x-19.4%CA$58.8m

Price-To-Book vs Peers: MGM is expensive based on its Price-To-Book Ratio (4x) compared to the peer average (1.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: MGM is expensive based on its Price-To-Book Ratio (4x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

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

MGM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4x
Fair PB Ration/a

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


Share Price vs Fair Value

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

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

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Maple Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-19.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MGM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MGM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if MGM's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if MGM's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MGM's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Maple Gold Mines performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MGM is currently unprofitable.

Growing Profit Margin: MGM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MGM is unprofitable, but has reduced losses over the past 5 years at a rate of 17.8% per year.

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

Earnings vs Industry: MGM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: MGM has a negative Return on Equity (-52.49%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Maple Gold Mines's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MGM's short term assets (CA$17.7M) exceed its short term liabilities (CA$3.1M).

Long Term Liabilities: MGM's short term assets (CA$17.7M) exceed its long term liabilities (CA$72.7K).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if MGM'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: MGM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MGM has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 7% each year.


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Dividend

What is Maple Gold Mines's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Maple Gold Mines Dividend Yield vs Market
How does Maple Gold Mines dividend yield compare to the market?
SegmentDividend Yield
Company (Maple Gold Mines)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)5.9%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Maple Gold Mines)n/a

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MGM has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.6yrs

Average management tenure


CEO

B. Hornor (50 yo)

5.17yrs

Tenure

CA$584,677

Compensation

Mr. B. Matthew Hornor serves Executive Chairman and Chief Executive Officer of Nfluence Analytics, Inc. since June 13, 2017. He has been the President and Chief Executive Officer at Maple Gold Mines Ltd. s...


CEO Compensation Analysis

B. Hornor's Compensation vs Maple Gold Mines Earnings
How has B. Hornor's remuneration changed compared to Maple Gold Mines's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$8m

Mar 31 2022n/an/a

-CA$7m

Dec 31 2021CA$585kCA$328k

-CA$6m

Sep 30 2021n/an/a

-CA$5m

Jun 30 2021n/an/a

-CA$5m

Mar 31 2021n/an/a

-CA$5m

Dec 31 2020CA$293kCA$192k

-CA$4m

Sep 30 2020n/an/a

-CA$3m

Jun 30 2020n/an/a

-CA$3m

Mar 31 2020n/an/a

-CA$3m

Dec 31 2019CA$240kCA$240k

-CA$4m

Sep 30 2019n/an/a

-CA$2m

Jun 30 2019n/an/a

-CA$2m

Mar 31 2019n/an/a

-CA$3m

Dec 31 2018CA$195kCA$195k

-CA$6m

Sep 30 2018n/an/a

-CA$10m

Jun 30 2018n/an/a

-CA$12m

Mar 31 2018n/an/a

-CA$12m

Dec 31 2017CA$1mCA$145k

-CA$12m

Compensation vs Market: B.'s total compensation ($USD427.62K) is above average for companies of similar size in the Canadian market ($USD178.72K).

Compensation vs Earnings: B.'s compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MGM's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: MGM's board of directors are considered experienced (5.2 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

TSXV:MGM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
13 Apr 22BuyCA$2,850EBC Consulting Group LtdCompany10,000CA$0.29
05 Apr 22BuyCA$3,701EBC Consulting Group LtdCompany11,750CA$0.31
09 Dec 21BuyCA$576,599Agnico Eagle Mines LimitedCompany1,860,000CA$0.31
01 Dec 21BuyCA$3,050Joness LangIndividual10,000CA$0.31

Ownership Breakdown

What is the ownership structure of MGM?
Owner TypeNumber of SharesOwnership Percentage
Private Companies443,2500.1%
Individual Insiders4,128,5821.2%
Public Companies40,852,41512.2%
Institutions50,377,01115.0%
General Public240,368,43371.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Top 21 shareholders own 28.5% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.15%
Agnico Eagle Mines Limited
40,852,415CA$7.1m0%no data
5.94%
FMR LLC
19,961,448CA$3.5m-0.26%no data
5.45%
Caisse de dépôt et placement du Québec
18,311,663CA$3.2m0%no data
2.5%
Goodman & Company, Investment Counsel Inc.
8,389,000CA$1.5m-2.45%8.31%
0.62%
Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung
2,075,000CA$363.1k0%no data
0.38%
B. Hornor
1,293,646CA$226.4k1.22%no data
0.3%
U.S. Global Investors, Inc.
1,000,000CA$175.0k0%no data
0.2%
Maurice A. Tagami
670,834CA$117.4k0%no data
0.19%
Sean Charland
626,417CA$109.6k0%no data
0.13%
EBC Consulting Group Ltd
443,250CA$77.6k5.16%no data
0.13%
Friedrich Speidel
437,107CA$76.5k2.06%no data
0.12%
Joness Lang
413,016CA$72.3k1.58%no data
0.12%
Ahead International Portfolio Management AG
400,000CA$70.0k0%1.53%
0.065%
Michelle Roth
220,001CA$38.5k29.41%no data
0.063%
Gregg Orr
212,277CA$37.1k0%no data
0.059%
AIPM Azur International Portfolio Management AG
200,000CA$35.0k0%0.48%
0.055%
Gerald Riverin
183,334CA$32.1k37.5%no data
0.015%
Kiran Patankar
51,933CA$9.1k15.32%no data
0.0089%
Next Edge Capital Corp.
29,900CA$5.2k0%0.03%
0.006%
Wilma Lee
20,017CA$3.5k40.66%no data
0.003%
Fisher Asset Management, LLC
10,000CA$1.8k0%no data

Company Information

Maple Gold Mines Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Maple Gold Mines Ltd.
  • Ticker: MGM
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$58.830m
  • Shares outstanding: 336.17m
  • Website: https://www.maplegoldmines.com

Location

  • Maple Gold Mines Ltd.
  • 1111 W Hastings St
  • 6th Floor
  • Vancouver
  • British Columbia
  • V6E 2J3
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGMTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2011
MGML.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2011
M3GDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2011
0AJ1LSE (London Stock Exchange)YesCommon SharesGBCADAug 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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