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.
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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
Stable Share Price: OCG's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: OCG underperformed the Canadian Metals and Mining industry which returned -11.9% over the past year.
Return vs Market: OCG underperformed the Canadian Market which returned -23.7% over the past year.
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
Is Outcrop Gold undervalued compared to its fair value and its price relative to the market?
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 (3x) compared to the CA Metals and Mining industry average (1.1x).
How is Outcrop Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
- Outcrop Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Outcrop Gold performed over the past 5 years?
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 -7.6% 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 (16.5%).
Return on Equity
High ROE: OCG has a negative Return on Equity (-166.15%), as it is currently unprofitable.
How is Outcrop Gold's financial position?
Financial Position Analysis
Short Term Liabilities: OCG's short term assets (CA$526.5K) exceed its short term liabilities (CA$188.5K).
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.
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 -0.3% each year
What is Outcrop Gold's 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 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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD158.74K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
|Executive Chairman||0.25yr||CA$23.31k||28.38% CA$3.1m|
|Chief Financial Officer||0.25yr||no data||no data|
|Vice President of Exploration||0.42yr||no data||no data|
|Corporate Secretary||0.25yr||no data||no data|
Experienced Management: OCG's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Executive Chairman||0.25yr||CA$23.31k||28.38% CA$3.1m|
|Director||0.25yr||no data||no data|
|Independent Director||5.17yrs||CA$76.29k||1.4% CA$155.6k|
Experienced Board: OCG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 103.6%.
Outcrop Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Outcrop Gold Corp.
- Ticker: OCG
- Exchange: TSXV
- Founded: 1993
- Industry: Gold
- Sector: Materials
- Market Cap: CA$11.098m
- Shares outstanding: 79.27m
- Website: https://www.outcropgoldcorp.com
Number of Employees
- Outcrop Gold Corp.
- 750 West Pender Street
- Suite 1200
- British Columbia
- V6C 2T8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCG||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Nov 1994|
|MRDD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 1994|
|MRG1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1994|
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 headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 04:02|
|End of Day Share Price||2020/03/31 00:00|
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.