Abitibi Royalties Inc. engages in exploring, evaluating, and promoting mineral properties and other projects in Canada.
Adequate balance sheet with acceptable track record.
Share Price & News
How has Abitibi Royalties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RZZ has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: RZZ exceeded the Canadian Metals and Mining industry which returned 4.9% over the past year.
Return vs Market: RZZ exceeded the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Abitibi Royalties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWe're Not Counting On Abitibi Royalties (CVE:RZZ) To Sustain Its Statutory Profitability
2 months ago | Simply Wall StCould Abitibi Royalties Inc.'s (CVE:RZZ) Investor Composition Influence The Stock Price?
4 months ago | Simply Wall StDoes The Abitibi Royalties Inc. (CVE:RZZ) Share Price Fall With The Market?
Is Abitibi Royalties undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RZZ (CA$18.79) is trading above our estimate of fair value (CA$1.34)
Significantly Below Fair Value: RZZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RZZ is poor value based on its PE Ratio (22.8x) compared to the Metals and Mining industry average (16.1x).
PE vs Market: RZZ is poor value based on its PE Ratio (22.8x) compared to the Canadian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RZZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RZZ is overvalued based on its PB Ratio (6.1x) compared to the CA Metals and Mining industry average (1.5x).
How is Abitibi Royalties 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 Abitibi Royalties 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 Abitibi Royalties'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.
- Abitibi Royalties competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Abitibi Royalties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RZZ has a high level of non-cash earnings.
Growing Profit Margin: RZZ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RZZ has become profitable over the past 5 years, growing earnings by -33% per year.
Accelerating Growth: RZZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RZZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).
Return on Equity
High ROE: RZZ's Return on Equity (26.5%) is considered high.
Return on Assets
Return on Capital Employed
How is Abitibi Royalties's financial position?
Financial Position Analysis
Short Term Liabilities: RZZ's short term assets (CA$2.5M) do not cover its short term liabilities (CA$5.4M).
Long Term Liabilities: RZZ's short term assets (CA$2.5M) do not cover its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: RZZ is debt free.
Reducing Debt: RZZ has not had any debt for past 5 years.
Debt Coverage: RZZ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RZZ has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: RZZ has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if RZZ's debt is covered by short term assets.
What is Abitibi Royalties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Abitibi Royalties before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RZZ's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.02%).
High Dividend: RZZ's dividend (0.64%) is low compared to the top 25% of dividend payers in the Canadian market (5.7%).
Stability and Growth of Payments
Stable Dividend: RZZ is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: RZZ is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RZZ is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RZZ'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 board tenure
Ian Ball (37yo)
Mr. Ian J. Ball, B.Com, has been the President of Abitibi Royalties Inc., since August 5, 2014 and has been its Chief Executive Officer since June 25, 2015. Mr. Ball served as the President of McEwen Minin ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD348.52K) is below average for companies of similar size in the Canadian market ($USD684.74K).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
|Non-Executive Chairman||4.7yrs||CA$313.50k||3.23% CA$7.8m|
|Independent Director||10yrs||CA$37.09k||0.98% CA$2.4m|
|Independent Director||10yrs||CA$45.00k||0.76% CA$1.8m|
|Independent Director||3.7yrs||CA$37.91k||0.042% CA$100.2k|
|Independent Director||3.7yrs||CA$30.00k||0.012% CA$28.0k|
Experienced Board: RZZ's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RZZ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.
Abitibi Royalties Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Abitibi Royalties Inc.
- Ticker: RZZ
- Exchange: TSXV
- Founded: 2010
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$240.791m
- Shares outstanding: 12.52m
- Website: https://www.abitibiroyalties.com
- Abitibi Royalties Inc.
- 152 Chemin de la Mine Ecole
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RZZ||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jul 2011|
|ATBY.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 2011|
|ABY||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Jul 2011|
Abitibi Royalties Inc. engages in exploring, evaluating, and promoting mineral properties and other projects in Canada. Its flagship royalty is 3% net smelter return royalty located on the eastern portion of the Canadian Malartic mine, which includes the Jeffrey, Midway project, Sladen, Sheehan, Charlie, Gouldie, and Barnat Extension; and Odyssey North discovery and other portions of the Odyssey project, as well as portions of the East Malartic property. The company was incorporated in 2010 and is headquartered in Val-d'Or, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 01:12|
|End of Day Share Price||2020/02/25 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.