DB:M8R

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Mirasol Resources

Executive Summary

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Mirasol Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: M8R's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.4%

M8R

6.8%

DE Metals and Mining

2.0%

DE Market


1 Year Return

-26.4%

M8R

-38.0%

DE Metals and Mining

-2.6%

DE Market

Return vs Industry: M8R exceeded the German Metals and Mining industry which returned -38% over the past year.

Return vs Market: M8R underperformed the German Market which returned -2.6% over the past year.


Shareholder returns

M8RIndustryMarket
7 Day7.4%6.8%2.0%
30 Day14.9%6.1%8.4%
90 Day-18.6%-24.8%-7.3%
1 Year-26.4%-26.4%-37.6%-38.0%-1.0%-2.6%
3 Year-74.0%-74.0%-64.5%-65.7%-6.6%-13.9%
5 Year-50.1%-57.5%-62.6%-64.6%1.1%-11.7%

Price Volatility Vs. Market

How volatile is Mirasol Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mirasol Resources undervalued compared to its fair value and its price relative to the market?

1.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate M8R's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate M8R's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: M8R is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: M8R is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate M8R's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M8R is good value based on its PB Ratio (1x) compared to the DE Metals and Mining industry average (3.9x).


Next Steps

Future Growth

How is Mirasol Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.9%

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 Mirasol Resources 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 Mirasol Resources performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M8R is currently unprofitable.

Growing Profit Margin: M8R is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: M8R is unprofitable, but has reduced losses over the past 5 years at a rate of 6.3% per year.

Accelerating Growth: Unable to compare M8R's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: M8R is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.06%).


Return on Equity

High ROE: M8R has a negative Return on Equity (-40.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mirasol Resources's financial position?


Financial Position Analysis

Short Term Liabilities: M8R's short term assets (CA$18.1M) exceed its short term liabilities (CA$450.2K).

Long Term Liabilities: M8R's short term assets (CA$18.1M) exceed its long term liabilities (CA$232.8K).


Debt to Equity History and Analysis

Debt Level: M8R is debt free.

Reducing Debt: M8R has not had any debt for past 5 years.


Balance Sheet


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: M8R has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: M8R has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 17.6% each year.


Next Steps

Dividend

What is Mirasol Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate M8R's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate M8R'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 M8R's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if M8R'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 M8R's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Norm Pitcher (63yo)

1.25yrs

Tenure

CA$561,296

Compensation

Mr. Norman S. Pitcher, also known as Norm, P. Geo, has been Chief Executive Officer and President at Mirasol Resources Ltd. since February 1, 2019 and as its Director since March 2019. He serves as an Inde ...


CEO Compensation Analysis

Compensation vs Market: Norm's total compensation ($USD406.57K) is about average for companies of similar size in the German market ($USD427.16K).

Compensation vs Earnings: Insufficient data to compare Norm's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Dana Prince
Executive Chairman5.25yrsCA$208.39k0.31% CA$46.2k
Norman Pitcher
President1.25yrsCA$561.30k0.52% CA$77.4k
Mathew Lee
Chief Financial Officer1.83yrsCA$103.76kno data
Jonathan Rosset
Vice President of Corporate Development1.83yrsCA$202.29k0.41% CA$61.2k
Stephen Nano
1.25yrsCA$243.04kno data
Mary Little
Co-Founder & Consultantno dataCA$669.67kno data
Gregory Smith
Corporate Secretaryno datano data0.20% CA$30.1k
Bernie Zacharias
Consultant4.17yrsno datano data
Damien Koerber
Business Development Consultant of Chileno dataCA$202.75kno data

1.8yrs

Average Tenure

63yo

Average Age

Experienced Management: M8R's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dana Prince
Executive Chairman5.25yrsCA$208.39k0.31% CA$46.2k
Norman Pitcher
President1.25yrsCA$561.30k0.52% CA$77.4k
Nick DeMare
Independent Director15.25yrsCA$25.20k0.29% CA$42.4k
John Tognetti
Independent Director5.25yrsno data23.12% CA$3.4m
Patrick Evans
Independent Director3.75yrsCA$25.20k0.055% CA$8.2k
Diane Nicolson
Independent Director1.17yrsCA$8.40kno data
Alasdair MacDonald
Member of Advisory Board13.83yrsno datano data

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: M8R's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: M8R insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mirasol Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mirasol Resources Ltd.
  • Ticker: M8R
  • Exchange: DB
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$22.472m
  • Listing Market Cap: CA$14.817m
  • Shares outstanding: 54.15m
  • Website: https://www.mirasolresources.com

Location

  • Mirasol Resources Ltd.
  • 355 Burrard Street
  • Suite 1150
  • Vancouver
  • British Columbia
  • V6C 2G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRZTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2005
M8RDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2005
MRZL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2005
0V7BLSE (London Stock Exchange)YesCommon SharesGBCADMay 2005

Biography

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. It explores for gold, silver, and copper deposits. The company holds 100% interests in the Gorbea gold project located in Northern Chile; and Los Amarillos gold-silver project located in Northern Chile. It also holds 100% interests in the Altazor gold project located in Northern Chile; and the Zeus gold project located in Northern Chile. In addition, the company owns 100% interests in the Claudia, Virginia, La Curva, Santa Rita, Sascha, and other projects located in the Santa Cruz province of Argentina. Further, it holds an option to acquire the Inca gold project in Northern Chile. Mirasol Resources Ltd. was founded in 2003 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 03:43
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.