Outcrop Gold Corp. engages in the acquisition and exploration of mineral properties in Colombia. More Details
+ 1 more risk
Flawless 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 exceeded the Canadian Metals and Mining industry which returned 46.2% over the past year.
Return vs Market: OCG exceeded the Canadian Market which returned -8% 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
3 months ago | Simply Wall StTrade Alert: Eric Sprott At Outcrop Gold Corp. (CVE:OCG), Has Just Spent CA$2.7m Buying 96% More Shares
4 months ago | Simply Wall StHow Does Investing In Outcrop Gold Corp. (CVE:OCG) Impact The Volatility Of Your Portfolio?
5 months ago | Simply Wall StWhat Kind Of Shareholders Own Outcrop Gold Corp. (CVE:OCG)?
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 CA 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 (9.1x) compared to the CA Metals and Mining industry average (2.7x).
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 11.7% 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 (67.5%).
Return on Equity
High ROE: OCG has a negative Return on Equity (-61.27%), as it is currently unprofitable.
How is Outcrop Gold's financial position?
Financial Position Analysis
Short Term Liabilities: OCG's short term assets (CA$507.8K) exceed its short term liabilities (CA$91.4K).
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.
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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OCG is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
What is Outcrop Gold 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 recent payouts.
High Dividend: Unable to evaluate OCG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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 ($USD240.88K) is above average for companies of similar size in the Canadian market ($USD174.80K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
|Executive Chairman||0.67yr||CA$16.37k||19.79% |
|Chief Financial Officer||0.67yr||no data||no data|
|Vice President of Exploration||0.83yr||no data||no data|
|Corporate Secretary||0.67yr||no data||no data|
Experienced Management: OCG's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Executive Chairman||0.67yr||CA$16.37k||19.79% |
|Director||0.67yr||no data||no data|
|Independent Director||5.58yrs||CA$22.17k||0.10% |
Experienced Board: OCG's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCG insiders have only sold shares 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 271.7%.
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$58.254m
- Shares outstanding: 107.88m
- Website: https://www.outcropgoldcorp.com
Number of Employees
- Outcrop Gold Corp.
- 1111 West Hastings Street
- Suite 905
- British Columbia
- V6E 2J3
|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. engages in the acquisition and exploration of mineral properties in Colombia. It primarily explores for gold, silver, and copper deposits. The company’s flagship property is the Santa An ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/27 06:10|
|End of Day Share Price||2020/09/25 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.