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Outcrop Gold

TSXV:OCG
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCG
TSXV
CA$9M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

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. More info.


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  • Outcrop Gold has significant price volatility in the past 3 months.
OCG Share Price and Events
7 Day Returns
3.1%
TSXV:OCG
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-40%
TSXV:OCG
-7%
CA Metals and Mining
1.2%
CA Market
OCG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Outcrop Gold (OCG) 3.1% 8.2% 65% -40% -61.2% -79.4%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • OCG underperformed the Metals and Mining industry which returned -7% over the past year.
  • OCG underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
OCG
Industry
5yr Volatility vs Market

Value

 Is Outcrop Gold 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 Outcrop Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.33.
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 Outcrop Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Outcrop Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:OCG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-0.18
TSXV:OCG Share Price ** TSXV (2019-03-19) in CAD CA$0.33
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

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

** Primary Listing of Outcrop Gold.

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

= TSXV:OCG Share Price ÷ EPS (both in CAD)

= 0.33 ÷ -0.18

-1.82x

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

  • Outcrop Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Outcrop Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Outcrop Gold's expected growth come at a high price?
Raw Data
TSXV:OCG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.82x
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 0.69x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.21x

*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 Outcrop Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Outcrop Gold's assets?
Raw Data
TSXV:OCG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.15
TSXV:OCG Share Price * TSXV (2019-03-19) in CAD CA$0.33
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSXV:OCG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:OCG Share Price ÷ Book Value per Share (both in CAD)

= 0.33 ÷ 0.15

2.21x

* Primary Listing of Outcrop Gold.

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

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

Future Performance

 How is Outcrop Gold 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 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 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Outcrop Gold expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
TSXV:OCG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:OCG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:OCG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 -2 -2
2018-08-31 -2 -2
2018-05-31 -3 -3
2018-02-28 -2 -3
2017-11-30 -2 -3
2017-08-31 -2 -3
2017-05-31 -2 -2
2017-02-28 -2 -2
2016-11-30 -2 -2
2016-08-31 -1 -1
2016-05-31 -1 -2
2016-02-29 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
TSXV:OCG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Outcrop Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:OCG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -0.18
2018-08-31 -0.18
2018-05-31 -0.25
2018-02-28 -0.25
2017-11-30 -0.25
2017-08-31 -0.26
2017-05-31 -0.19
2017-02-28 -0.18
2016-11-30 -0.19
2016-08-31 -0.19
2016-05-31 -0.21
2016-02-29 -0.21

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

Next steps:

  1. Examine Outcrop Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Outcrop Gold'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
  3. Outcrop Gold's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Outcrop Gold'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.
Outcrop Gold 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.

Past Performance

  How has Outcrop Gold 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 Outcrop Gold'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.
  • Outcrop Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Outcrop Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Outcrop Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Outcrop Gold'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 Outcrop Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:OCG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -2.27 1.93
2018-08-31 -2.17 1.87
2018-05-31 -2.72 2.05
2018-02-28 -2.62 2.21
2017-11-30 -2.55 2.06
2017-08-31 -2.65 2.17
2017-05-31 -1.91 1.96
2017-02-28 -1.73 1.66
2016-11-30 -1.64 1.49
2016-08-31 -1.48 1.35
2016-05-31 -1.55 1.10
2016-02-29 -1.57 1.16
2015-11-30 -1.54 1.26
2015-08-31 -1.87 1.52
2015-05-31 -2.22 2.01
2015-02-28 -2.39 2.35
2014-11-30 -2.44 2.29
2014-08-31 -2.75 2.55
2014-05-31 -2.98 2.65
2014-02-28 -2.89 2.42
2013-11-30 -3.05 2.68
2013-08-31 -3.22 2.84
2013-05-31 -3.48 3.10
2013-02-28 -3.67 3.28
2012-11-30 -3.68 3.28
2012-08-31 -3.64 3.26
2012-05-31 -3.27 2.87

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

Health

 How is Outcrop Gold'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 Outcrop Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Outcrop Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Outcrop Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Outcrop Gold'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.
  • Outcrop Gold has no debt, it does not need to be covered by short term assets.
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 Outcrop Gold Company Filings, last reported 3 months ago.

TSXV:OCG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 1.98 0.00 0.74
2018-08-31 1.43 0.00 0.21
2018-05-31 1.82 0.00 0.64
2018-02-28 1.45 0.00 0.58
2017-11-30 1.82 0.00 1.00
2017-08-31 2.19 0.00 1.46
2017-05-31 2.94 0.00 2.05
2017-02-28 3.60 0.00 2.72
2016-11-30 4.09 0.00 3.53
2016-08-31 4.54 0.00 4.09
2016-05-31 2.19 0.00 1.79
2016-02-29 2.61 0.00 2.21
2015-11-30 3.06 0.00 2.66
2015-08-31 3.33 0.00 3.02
2015-05-31 3.56 0.00 2.82
2015-02-28 4.01 0.00 3.51
2014-11-30 4.57 0.00 3.97
2014-08-31 5.07 0.00 4.34
2014-05-31 5.64 0.00 4.92
2014-02-28 6.33 0.00 5.66
2013-11-30 6.85 0.00 6.35
2013-08-31 7.64 0.00 7.22
2013-05-31 8.36 0.00 7.91
2013-02-28 8.99 0.00 8.46
2012-11-30 4.83 0.00 4.32
2012-08-31 5.66 0.00 5.24
2012-05-31 6.59 0.00 6.06
  • Outcrop Gold has no debt.
  • Outcrop Gold has not taken on any debt in the past 5 years.
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.

  • Outcrop Gold has less than a year of cash runway based on current free cash flow.
  • Outcrop Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.5% each year.
X
Financial health checks
We assess Outcrop Gold'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. Outcrop Gold has a total score of 4/6, 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.

Dividends

 What is Outcrop Gold'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 Outcrop Gold dividends.
If you bought CA$2,000 of Outcrop Gold 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 Outcrop Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Outcrop Gold'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:OCG 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 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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 Outcrop Gold has not reported any payouts.
  • Unable to verify if Outcrop Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Outcrop Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Outcrop Gold 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 Outcrop Gold'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 Outcrop Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Outcrop Gold 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.

Management

 What is the CEO of Outcrop Gold'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
Joe Hebert
COMPENSATION CA$323,866
TENURE AS CEO 3.2 years
CEO Bio

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.

CEO Compensation
  • 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 Outcrop Gold management team in years:

3.2
Average Tenure
  • The tenure for the Outcrop Gold management team is about average.
Management Team

Joe Hebert

TITLE
President
COMPENSATION
CA$324K
TENURE
3.2 yrs

Rakesh Patel

TITLE
Chief Financial Officer
TENURE
1.2 yrs

Steve Ristorcelli

TITLE
Consultant
COMPENSATION
CA$8K
AGE
61
TENURE
4.5 yrs
Board of Directors Tenure

Average tenure of the Outcrop Gold board of directors in years:

4.6
Average Tenure
  • The tenure for the Outcrop Gold board of directors is about average.
Board of Directors

Joe Hebert

TITLE
President
COMPENSATION
CA$324K
TENURE
5.2 yrs

James Cragg

TITLE
Independent Director
TENURE
14.3 yrs

Kevin Nishi

TITLE
Director
COMPENSATION
CA$55K
AGE
53
TENURE
4.1 yrs

John Anderson

TITLE
Director
AGE
54
TENURE
1.6 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$) Value (CA$)
10. Oct 18 Buy Len Goldsmith Individual 09. Oct 18 09. Oct 18 10,000 CA$0.15 CA$1,500
13. Sep 18 Buy Len Goldsmith Individual 13. Sep 18 13. Sep 18 100,000 CA$0.15 CA$14,999
16. Jul 18 Buy Len Goldsmith Individual 16. Jul 18 16. Jul 18 39,900 CA$0.25 CA$9,975
12. Jul 18 Buy Len Goldsmith Individual 12. Jul 18 12. Jul 18 53,500 CA$0.30 CA$16,050
19. Jun 18 Buy Len Goldsmith Individual 19. Jun 18 19. Jun 18 40,000 CA$0.35 CA$14,000
23. Mar 18 Buy John Anderson Individual 22. Mar 18 22. Mar 18 100,000 CA$0.55 CA$55,000
X
Management checks
We assess Outcrop Gold'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. Outcrop Gold 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.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: Outcrop Gold Corp.
OCG
Exchange: TSXV
Founded: 1993
CA$8,860,834
26,851,014
Website: http://www.mirandagold.com
Address: Outcrop Gold Corp.
750 West Pender Street,
Suite 1200,
Vancouver,
British Columbia, V6C 2T8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV OCG Common Shares TSX Venture Exchange CA CAD 10. Nov 1994
OTCPK MRDD.F Common Shares Pink Sheets LLC US USD 10. Nov 1994
DB MRG Common Shares Deutsche Boerse AG DE EUR 10. Nov 1994
Number of employees
Current staff
Staff numbers
0
Outcrop Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:39
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/01/25
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/08/31


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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.