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Meridian Mining

TSXV:MNO
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNO
TSXV
CA$13M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Meridian Mining S.E., together with its subsidiaries, engages in the acquisition, exploration, development, and mining activities in Brazil. The last earnings update was 117 days ago. More info.


Add to Portfolio Compare Print
  • Meridian Mining has significant price volatility in the past 3 months.
MNO Share Price and Events
7 Day Returns
0%
TSXV:MNO
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-70.4%
TSXV:MNO
-3.9%
CA Metals and Mining
2.6%
CA Market
MNO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meridian Mining (MNO) 0% 0% -11.1% -70.4% - -
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • MNO underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • MNO underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
MNO
Industry
5yr Volatility vs Market

MNO Value

 Is Meridian Mining 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 Meridian Mining. 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 Meridian Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meridian Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MNO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.05
TSXV:MNO Share Price ** TSXV (2019-03-19) in CAD CA$0.08
TSXV:MNO Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $0.06
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Meridian Mining.

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

= TSXV:MNO Share Price ÷ EPS (both in USD)

= 0.06 ÷ -0.05

-1.23x

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

  • Meridian Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Meridian Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Meridian Mining's expected growth come at a high price?
Raw Data
TSXV:MNO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.23x
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 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Meridian Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Meridian Mining's assets?
Raw Data
TSXV:MNO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.04
TSXV:MNO Share Price * TSXV (2019-03-19) in CAD CA$0.08
TSXV:MNO Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $0.06
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:MNO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MNO Share Price ÷ Book Value per Share (both in USD)

= 0.06 ÷ 0.04

1.67x

* Primary Listing of Meridian Mining.

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

  • Meridian Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Meridian Mining'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. Meridian Mining 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.

MNO Future Performance

 How is Meridian Mining 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 Meridian Mining 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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meridian Mining expected to grow at an attractive rate?
  • Unable to compare Meridian Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Meridian Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Meridian Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MNO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:MNO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MNO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 11 -6 -8
2018-06-30 12 -6 -9
2018-03-31 12 -7 -12
2017-12-31 10 -7 -15
2017-09-30 10 -10 -14
2017-06-30 9 -11 -14
2017-03-31 9 -11 -11
2016-12-31 6 -13 -9
2016-09-30 2 -12 -10
2015-12-31 0 -12 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Meridian Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Meridian Mining 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:MNO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Meridian Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MNO Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.08
2017-12-31 -0.09
2017-09-30 -0.09
2017-06-30 -0.10
2017-03-31 -0.08
2016-12-31 -0.07
2016-09-30 -0.09
2015-12-31 -0.08

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

Next steps:

  1. Meridian Mining'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
  2. Meridian Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Meridian Mining'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.
Meridian Mining 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.

MNO Past Performance

  How has Meridian Mining 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 Meridian Mining'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.
  • Meridian Mining does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Meridian Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Meridian Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Meridian Mining'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 Meridian Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MNO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 10.83 -7.96 7.25
2018-06-30 11.61 -8.50 7.68
2018-03-31 12.02 -12.46 10.83
2017-12-31 10.46 -14.59 12.24
2017-09-30 9.51 -13.83 11.80
2017-06-30 8.84 -13.86 13.37
2017-03-31 8.86 -11.15 11.37
2016-12-31 5.95 -9.33 10.00
2016-09-30 2.42 -10.39 10.16
2015-12-31 0.33 -7.79 9.89

*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 Meridian Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Meridian Mining 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 Meridian Mining 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 Meridian Mining'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.
Meridian Mining 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.

MNO Health

 How is Meridian Mining'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 Meridian Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meridian Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meridian Mining's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Meridian Mining'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.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 Meridian Mining Company Filings, last reported 5 months ago.

TSXV:MNO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5.85 17.31 0.96
2018-06-30 9.26 15.44 1.75
2018-03-31 14.16 13.13 1.43
2017-12-31 14.84 12.83 1.59
2017-09-30 20.56 10.55 1.18
2017-06-30 22.44 8.55 3.12
2017-03-31 23.75 8.30 2.86
2016-12-31 25.98 8.10 4.17
2016-09-30 31.08 1.27 4.21
2015-12-31 23.68 1.17 4.51
  • Meridian Mining's level of debt (296.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Meridian Mining's debt level has increased without past 5-year debt data.
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.

  • Meridian Mining has less than a year of cash runway based on current free cash flow.
  • Meridian Mining has less than a year of cash runway if free cash flow continues to reduce at historical rates of -24.3% each year.
X
Financial health checks
We assess Meridian Mining'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. Meridian Mining has a total score of 1/6, 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.

MNO Dividends

 What is Meridian Mining'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 Meridian Mining dividends.
If you bought CA$2,000 of Meridian Mining 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 Meridian Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Meridian Mining'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:MNO 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 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 Meridian Mining has not reported any payouts.
  • Unable to verify if Meridian Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Meridian Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Meridian Mining 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 Meridian Mining'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 Meridian Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meridian Mining 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.

MNO Management

 What is the CEO of Meridian Mining'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
Gilbert Clark
AGE 48
TENURE AS CEO 0.8 years
CEO Bio

Mr. Gilbert Percy Clark, B.Sc. (Geology) has been Interim President and Chief Executive Officer of Meridian Mining S.E. since June 2018 and also serves as its Director. Mr. Clark served as a Senior Investment Advisor of Sentient Group Limited. Mr. Clark has served as a Partner of Sentient Equity Partners since 2017. Mr. Clark served as Managing Director of European Mining Services, Private Mining Consultancy since 2003 until 2014. Mr. Clark was a Consultant Geologist of The Sentient Group since 2010 until 2013. Since 2010, he was involved in private equity investments and appraisals primarily in the mining and energy sectors. He started his career in the Eastern Gold Fields of Western Australia, where he served for several Junior and Mid-Tier gold companies as a production geologist. Since moving to Europe he has managed the development of European natural resource projects, as well as appraising mining investments across the globe. He is a Private Mining & Mining Finance Consultant since January 2017. Mr. Clark has been an Independent Director of North American Nickel Inc. since May 22, 2012. He served as a Senior Investment Advisor and Director of Sentient Asset Management Canada from September 2013 to 2016. He served as an Independent Director of Mawson Resources Ltd. from January 17, 2014 to September 13, 2016. Mr. Clark is a Geologist with 15 years of operational, managerial and directorial experience in the natural resource sector. He holds a B.Sc in Geology.

CEO Compensation
  • Insufficient data for Gilbert to compare compensation growth.
  • Insufficient data for Gilbert to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Jonathan Richards

TITLE
Chief Financial Officer
COMPENSATION
$331K
TENURE
0.7 yrs

Gilbert Clark

TITLE
Interim President
AGE
48
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Meridian Mining board of directors in years:

1.2
Average Tenure
  • The average tenure for the Meridian Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Sabine

TITLE
Chairman
AGE
72

Gilbert Clark

TITLE
Interim President
AGE
48

Peter Weidmann

TITLE
Independent Director
TENURE
5.3 yrs

Charles Riopel

TITLE
Independent Director
TENURE
0.8 yrs

André Wessels

TITLE
Director
TENURE
1.2 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 Meridian Mining'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. Meridian Mining 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.

MNO News

Simply Wall St News

Who Are Meridian Mining SE.'s (CVE:MNO) Major Shareholders?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This is a positive sign for potential investors as these firms play an important role in aligning company policy with shareholder returns. … Private Company Ownership Another important group of owners for potential investors in MNO are private companies that hold a stake of 0.013% in MNO.

Simply Wall St -

Meridian Mining SE. (CVE:MNO): Should The Recent Earnings Drop Worry You?

See our latest analysis for Meridian Mining Was MNO's recent earnings decline worse than the long-term trend and the industry? … For Meridian Mining, its latest earnings (trailing twelve month) is -US$13.83M, which compared to the prior year's level, has become more negative. … Scanning growth from a sector-level, the Canadian metals and mining industry has been growing its average earnings by double-digit 32.10% in the past twelve months, and 16.65% over the last five years.

Simply Wall St -

What You Must Know About Meridian Mining SE.'s (CVE:MNO) Financial Strength

Over the past year, MNO has ramped up its debt from US$1.17M to US$8.10M – this includes both the current and long-term debt. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: MNO’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 -

What Does Meridian Mining SE.'s (CVE:MNO) Ownership Structure Look Like?

View our latest analysis for Meridian Mining TSXV:MNO Ownership_summary Mar 1st 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Private Equity Ownership Private equity firms hold a 87.53% stake in MNO. … Private Company Ownership Another group of owners that a potential investor in MNO should consider are private companies, with a stake of 0.013%.

Simply Wall St -

Was Meridian Mining SE's (CVE:MNO) Earnings Decline A Part Of Broader Industry Downturn?

I also compare against an industry benchmark to check whether Meridian Mining's performance has been impacted by industry movements. … This suggests that any uplift the industry is enjoying, Meridian Mining has not been able to reap as much as its average peer.What does this mean? … Meridian Mining's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

What Investors Should Know About Meridian Mining SE's (CVE:MNO) Financial Strength

MNO has built up its total debt levels in the last twelve months, from $1.2M to $8.1M , which is made up of current and long term debt. … With this rise in debt, MNO's cash and short-term investments stands at $4.2M for investing into the business. … MNO's high debt levels on top of low cash coverage of debt in addition to low liquidity coverage of short-term commitments may not be what you're after in an investment.

Simply Wall St -

TSXV Basic Materials Industry: A Deep Dive Into Meridian Mining SE (TSXV:MNO)

Meridian Mining SE (TSXV:MNO), a CADCA$113.04M small-cap, operates in the basic materials industry which supplies materials for construction. … If your initial investment thesis is around the growth prospects of MNO, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

Simply Wall St -

MNO Company Info

Description

Meridian Mining S.E., together with its subsidiaries, engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigão manganese and gold projects covering approximately 140,000 hectares; and Bom Futuro JV and Ariquemes tin projects, as well as adjacent areas in the state of Rondônia. The company was formerly known as Ferrometals Holdings Coöperatief U.A. Meridian Mining S.E. was founded in 2013 and is headquartered in London, the United Kingdom.

Details
Name: Meridian Mining S.E.
MNO
Exchange: TSXV
Founded: 2013
CA$13,105,793
163,822,421
Website: http://www.meridianmining.co
Address: Meridian Mining S.E.
Portland House,
Level 18,
London,
SW1E 5RS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MNO Common Shares TSX Venture Exchange CA CAD 28. Nov 2016
OTCPK MRRD.F Common Shares Pink Sheets LLC US USD 28. Nov 2016
DB 2MM Common Shares Deutsche Boerse AG DE EUR 28. Nov 2016
Number of employees
Current staff
Staff numbers
0
Meridian Mining employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:43
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.