TSXV:OCG

Stock Analysis Report

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Executive Summary

Outcrop Gold Corp. engages in the acquisition and exploration of mineral properties in Colombia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Outcrop Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.5%

OCG

-6.3%

CA Metals and Mining

-4.5%

CA Market


1 Year Return

245.0%

OCG

40.3%

CA Metals and Mining

-8.8%

CA Market

Return vs Industry: OCG exceeded the Canadian Metals and Mining industry which returned 40.3% over the past year.

Return vs Market: OCG exceeded the Canadian Market which returned -8.8% over the past year.


Shareholder returns

OCGIndustryMarket
7 Day-5.5%-6.3%-4.5%
30 Day-39.5%-6.4%-3.8%
90 Day-41.5%-10.3%-3.3%
1 Year245.0%245.0%41.4%40.3%-5.5%-8.8%
3 Year-37.3%-37.3%45.6%42.7%0.5%-9.2%
5 Year-56.9%-56.9%138.3%131.2%28.7%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Outcrop Gold undervalued compared to its fair value and its price relative to the market?

5.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OCG is overvalued based on its PB Ratio (5.8x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

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

24.6%

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 Outcrop Gold 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 Outcrop Gold performed over the past 5 years?

-11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OCG is currently unprofitable.

Growing Profit Margin: OCG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OCG is unprofitable, and losses have increased over the past 5 years at a rate of 11.7% per year.

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

Earnings vs Industry: OCG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (48.1%).


Return on Equity

High ROE: OCG has a negative Return on Equity (-61.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Outcrop Gold's financial position?


Financial Position Analysis

Short Term Liabilities: OCG's short term assets (CA$507.8K) exceed its short term liabilities (CA$91.4K).

Long Term Liabilities: OCG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: OCG is debt free.

Reducing Debt: OCG has not had any debt for 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: OCG has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: OCG is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Outcrop Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if OCG'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 OCG'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

Joe Hebert

4.75yrs

Tenure

CA$323,032

Compensation

Mr. Joseph P. Hebert, also known as Joe, B.S. Geo. has been Chief Executive Officer and President of Outcrop Gold Corp. (formerly known as Miranda Gold Corp) since January 28, 2016. Mr. Hebert served as an ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD242.66K) is above average for companies of similar size in the Canadian market ($USD171.75K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Hebert
President4.75yrsCA$323.03k0.56%
CA$ 232.7k
Ian Slater
Executive Chairman0.75yrCA$23.31k19.89%
CA$ 8.3m
Alexander Shing Tong
Chief Financial Officer0.75yrno datano data
David Thomas
Vice President of Exploration0.92yrno datano data
Judy McCall
Corporate Secretary0.75yrno datano data
Steven Ristorcelli
Consultant6.08yrsCA$37.42kno data

0.8yrs

Average Tenure

49yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Joseph Hebert
President4.75yrsCA$323.03k0.56%
CA$ 232.7k
Ian Slater
Executive Chairman0.75yrCA$23.31k19.89%
CA$ 8.3m
Edward Sujir
Director0.75yrno datano data
Kevin Nishi
Independent Director5.58yrsCA$22.17k0.10%
CA$ 42.8k
Christian Grainger
Directorno datano datano data

3.2yrs

Average Tenure

52yo

Average Age

Experienced Board: OCG's board of directors are considered experienced (3.2 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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 272.4%.


Top Shareholders

Company Information

Outcrop Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Outcrop Gold Corp.
  • Ticker: OCG
  • Exchange: TSXV
  • Founded: 1993
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$41.610m
  • Shares outstanding: 108.08m
  • Website: https://www.outcropgoldcorp.com

Number of Employees


Location

  • Outcrop Gold Corp.
  • 1111 West Hastings Street
  • Suite 905
  • Vancouver
  • British Columbia
  • V6E 2J3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OCGTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 1994
MRDD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1994
MRG1DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1994

Biography

Outcrop Gold Corp. engages in the acquisition and exploration of mineral properties in Colombia. It primarily explores for gold, silver, and copper deposits. The company’s flagship property is the Santa An ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:04
End of Day Share Price2020/10/28 00:00
Earnings2020/05/31
Annual Earnings2019/08/31


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.