TSXV:MMG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Metallic Minerals

Executive Summary

Metallic Minerals Corp. acquires, explores for, and develops mineral properties.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Metallic Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MMG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.0%

MMG

2.7%

CA Metals and Mining

2.4%

CA Market


1 Year Return

178.6%

MMG

31.4%

CA Metals and Mining

-12.4%

CA Market

Return vs Industry: MMG exceeded the Canadian Metals and Mining industry which returned 31.4% over the past year.

Return vs Market: MMG exceeded the Canadian Market which returned -12.4% over the past year.


Shareholder returns

MMGIndustryMarket
7 Day-6.0%2.7%2.4%
30 Day5.4%10.7%-0.9%
90 Day129.4%47.3%17.3%
1 Year178.6%178.6%32.4%31.4%-9.4%-12.4%
3 Year21.9%21.9%32.5%30.3%4.2%-5.7%
5 Year680.0%680.0%85.4%80.4%22.1%3.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Metallic Minerals undervalued compared to its fair value and its price relative to the market?

10.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: MMG 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 MMG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MMG is overvalued based on its PB Ratio (10.8x) compared to the CA Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

20.3%

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 Metallic Minerals 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 Metallic Minerals performed over the past 5 years?

-23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMG is currently unprofitable.

Growing Profit Margin: MMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MMG is unprofitable, and losses have increased over the past 5 years at a rate of -23.5% per year.

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

Earnings vs Industry: MMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).


Return on Equity

High ROE: MMG has a negative Return on Equity (-63.9%), as it is currently unprofitable.


Next Steps

Financial Health

How is Metallic Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: MMG's short term assets (CA$2.2M) exceed its short term liabilities (CA$541.1K).

Long Term Liabilities: MMG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MMG is debt free.

Reducing Debt: MMG currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: MMG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MMG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Metallic Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MMG'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 MMG'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?

2.3yrs

Average management tenure


CEO

Greg Johnson

3.83yrs

Tenure

CA$184,954

Compensation

Mr. Gregory S. Johnson, also known as Greg, B.Sc. & P.Geo., has been Chairman, President and Chief Executive Officer of Metallic Minerals Corp. since September 19, 2016. Mr. Johnson has been Executive Chai ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD136.26K) is about average for companies of similar size in the Canadian market ($USD173.28K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Johnson
Chairman3.83yrsCA$184.95k6.57% CA$2.6m
Rebecca Moriarty
Chief Financial Officer0.25yrno datano data
Scott Petsel
Vice President of Exploration3.83yrsno data0.31% CA$119.0k
Alicia Milne
Corporate Secretary0.83yrno data0.0050% CA$2.0k

2.3yrs

Average Tenure

Experienced Management: MMG's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Johnson
Chairman3.83yrsCA$184.95k6.57% CA$2.6m
Craig Bow
Member of Advisory Board0.083yrno datano data
Susan Craig
Member of Advisory Board0.083yrno datano data
Curtis Freeman
Member of Technical Advisory Board0.083yrno datano data
Douglas Warkentin
Independent Director0.083yrno datano data
Gregor Hamilton
Director3.5yrsno data1.33% CA$515.3k
William Harris
Director12.33yrsCA$55.00k3.78% CA$1.5m
Stuart Morris
Member of Advisory Board0.083yrno datano data
Peter Harris
Independent Director0.083yrno datano data

0.08yrs

Average Tenure

62yo

Average Age

Experienced Board: MMG's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50.7%.


Top Shareholders

Company Information

Metallic Minerals Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metallic Minerals Corp.
  • Ticker: MMG
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$38.816m
  • Shares outstanding: 99.53m
  • Website: https://www.metallic-minerals.com

Location

  • Metallic Minerals Corp.
  • 409 Granville Street
  • Suite 904
  • Vancouver
  • British Columbia
  • V6C 1T2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMGTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2011
9MM1DB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2011
MMNG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2011

Biography

Metallic Minerals Corp. acquires, explores for, and develops mineral properties. The company explores for silver and gold deposits. Its principal project is the 100% owned Keno silver project covering an area of approximately 166 square kilometers located in Yukon Territory, Canada. The company was formerly known as Monster Mining Corp. and changed its name to Metallic Minerals Corp. in September 2016. Metallic Minerals Corp. was founded in 2007 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 00:09
End of Day Share Price2020/07/03 00:00
Earnings2020/04/30
Annual Earnings2019/07/31


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.