Outcrop Gold Corp., an exploration stage company, engages in the identification, acquisition, development, exploration, and evaluation of mineral properties in the United States and Colombia.
The last earnings update was 53 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Outcrop Gold. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Outcrop Gold's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Outcrop Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Outcrop Gold's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Outcrop Gold's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Outcrop Gold is high growth as no earnings estimate data is available.
Unable to determine if Outcrop Gold 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.
Outcrop Gold's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
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 Executive Vice President at Miranda Gold Corp. from May 2004 to January 28, 2016. He served as a Vice President of Exploration at Miranda Gold Corp., since December 8, 2003. Mr. Hebert served as Vice President of Exploration at Miranda U.S.A., Inc. since December 8, 2003. Mr. Hebert has twenty-seven years of experience from diversified mineral exploration and mining geology through to senior geologist and exploration management. Fifteen of these years have been focused in Nevada. He served as a Senior Exploration Geologist for the Cortez Joint Venture (Placer Dome and Kennecott Minerals) located on the Battle Mountain Trend in North Central Nevada. He was a member of the exploration team who discovered the 7.5 million ounce Cortez Hills deposit and he directed all generative and acquisition efforts within the Cortez joint venture area of interest. He consulted for Uranerz USA, Inc. from 1992 to 1999 where he conducted Project evaluations and Generative Programs primarily in north central Nevada. Mr. Hebert has been a Director at Outcrop Gold Corp. (formerly known as Miranda Gold Corp) since January 21, 2014. He served as Member of Advisory Board of Uranerz Energy Corp. He has also had staff and contract positions with several US majors over the years including Superior Oil, Tenneco and Freeport Minerals.
Joe's compensation has increased whilst company is loss making.
Joe's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
management team in years:
The tenure for the Outcrop Gold management team is about average.
Chief Financial Officer
Board of Directors Tenure
Average tenure of the
board of directors in years:
The tenure for the Outcrop Gold board of directors is about average.
Outcrop Gold Corp., an exploration stage company, engages in the identification, acquisition, development, exploration, and evaluation of mineral properties in the United States and Colombia. It primarily explores for gold and copper deposits. The company’s exploration projects in Colombia include the Antares project covering 10,500 hectares located in the Antioquia Batholith; the Argelia project covering 5,400 hectares within the Antioquia department; the Mallama project comprising two titles totaling 9,036 hectares in the Nariño department located to the west of the city of Pasto; and the Oribella project comprising approximately 10,700 hectares located in Oribella within the department of Antioquia. It also holds interest in the Kuntur project that covers an area of approximately 47,664 hectares located within the department of Antioquia, Colombia; and Lyra project comprising approximately 52,482 hectares situated within the department of Antioquia, Colombia. In addition, Miranda Gold Corp. has an option to acquire 100% interests in the Cauca project covering 1,808 hectares situated in the Miocene-age mineral belt of southern Colombia. The company was formerly known as Miranda Gold Corp. and changed its name to Outcrop Gold Corp. in February 2019. Outcrop Gold Corp. was founded in 1993 and is based in Vancouver, Canada.
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