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.

Risks

  • Outcrop Gold has significant price volatility in the past 3 months.
  • Outcrop Gold is not covered by any analysts.

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

-13.0%

OCG

3.1%

CA Metals and Mining

0.9%

CA Market


1 Year Return

17.5%

OCG

22.0%

CA Metals and Mining

-0.2%

CA Market

OCG underperformed the Metals and Mining industry which returned 22% over the past year.

OCG outperformed the Market in Canada which returned -0.1% over the past year.


Share holder returns

OCGIndustryMarket
7 Day-13.0%3.1%0.9%
30 Day-16.1%-0.9%5.7%
90 Day-13.0%7.1%1.8%
1 Year17.5%17.5%22.9%22.0%3.3%-0.2%
3 Year-82.6%-82.6%-9.9%-11.6%19.2%8.5%
5 Year-81.2%-81.2%4.3%0.4%23.3%5.8%

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 based on future cash flows and its price relative to the stock market?

2.91x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Outcrop Gold to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Outcrop Gold to establish if it is available at substantial discount.


Price Based on Earnings

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

Unable to calculate PEG ratio for Outcrop Gold, we can't assess if its growth is good value.


Price Based on Value of Assets

Outcrop Gold is overvalued based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

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

34.8%

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

Outcrop Gold does not make a profit and their year on year earnings growth rate was negative 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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Outcrop Gold's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Outcrop Gold has no debt.

Outcrop Gold has not taken on any debt in the past 5 years.


Balance Sheet

High level of physical assets or inventory.

Outcrop Gold has no debt, it does not need to be 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.

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 12.9% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Joe Hebert 0

3.7yrs

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

Joe's remuneration is about average for companies of similar size in Canada.

Joe's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.7yrs

Average Tenure

The tenure for the Outcrop Gold management team is about average.


Board Age and Tenure

5.1yrs

Average Tenure

The tenure for the Outcrop Gold board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCA$9,20018 Apr 19
Rakesh Patel
EntityIndividual
Shares40,000
Max PriceCA$0.23
BuyCA$1,50010 Oct 18
Len Goldsmith
EntityIndividual
Shares10,000
Max PriceCA$0.15

Ownership Breakdown


Management Team

  • Steve Ristorcelli (62yo)

    Consultant

    • Tenure: 5yrs
    • Compensation: CA$37.42k
  • Joe Hebert

    President

    • Tenure: 3.7yrs
    • Compensation: CA$180.62k
  • Rakesh Patel

    Chief Financial Officer

    • Tenure: 1.7yrs

Board Members

  • James Cragg

    Independent Director

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

    President

    • Tenure: 3.7yrs
    • Compensation: CA$180.62k
  • John Anderson (55yo)

    Chairman of the Board

    • Tenure: 2.1yrs
    • Compensation: CA$73.07k
  • Kevin Nishi (54yo)

    Director

    • Tenure: 4.6yrs
    • 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$6.821m
  • 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 Analysis2019/09/22 23:40
End of Day Share Price2019/09/20 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.