TSXV:OCG

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Adequate 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


Market Performance


7 Day Return

-25.0%

OCG

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-40.0%

OCG

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: OCG underperformed the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: OCG underperformed the Canadian Market which returned 3.5% over the past year.


Shareholder returns

OCGIndustryMarket
7 Day-25.0%0.5%0.2%
30 Day-61.7%-8.9%-3.3%
90 Day-75.7%-8.0%-1.9%
1 Year-40.0%-40.0%15.9%15.0%7.3%3.5%
3 Year-90.0%-90.0%-11.6%-13.2%14.7%4.4%
5 Year-90.0%-90.0%15.4%11.6%26.2%7.7%

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?

1.11x

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 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 (1.1x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

38.7%

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?

-1.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OCG is unprofitable, and losses have increased over the past 5 years at a rate of -1.2% 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 (-11.9%).


Return on Equity

High ROE: OCG has a negative Return on Equity (-112.17%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: OCG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: OCG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Outcrop Gold's financial position?


Financial Position Analysis

Short Term Liabilities: OCG's short term assets (CA$1.4M) exceeds its short term liabilities (CA$163.6K)

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

Inventory Level: OCG has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if OCG's debt is covered by short term assets.


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

Forecast Cash Runway: OCG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Outcrop Gold's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Joe Hebert 0

3.8yrs

Tenure

CA$180,616

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: Insufficient data to establish whether Joe's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.8yrs

Average Tenure

Experienced Management: OCG's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

Experienced Board: OCG's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$9,20018 Apr 19
Rakesh Patel
EntityIndividual
Shares40,000
Max PriceCA$0.23

Ownership Breakdown


Management Team

  • Steve Ristorcelli (62yo)

    Consultant

    • Tenure: 5.1yrs
    • Compensation: CA$37.42k
  • Joe Hebert

    President

    • Tenure: 3.8yrs
    • Compensation: CA$180.62k
  • Rakesh Patel

    Chief Financial Officer

    • Tenure: 1.8yrs

Board Members

  • James Cragg

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: CA$74.12k
  • Joe Hebert

    President

    • Tenure: 3.8yrs
    • Compensation: CA$180.62k
  • John Anderson (55yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CA$73.07k
  • Kevin Nishi (54yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: CA$76.29k

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$2.612m
  • Shares outstanding: 29.02m
  • Website: https://www.outcropgoldcorp.com

Number of Employees


Location

  • Outcrop Gold Corp.
  • 750 West Pender Street
  • Suite 1200
  • Vancouver
  • British Columbia
  • V6C 2T8
  • 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., an exploration stage company, engages in the identification, acquisition, development, exploration, and evaluation of mineral properties in the United States and Colombia. It primarily  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:37
End of Day Share Price2019/10/23 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.