Macroaxis Story

This story will analyze 7 Industrial Metal Mining equities to potentially sell in October 2019. We will break down the following equities: HANDENI GOLD INC, New Gold, Centrus Energy Corp, Denison Mines Corp, Avino Silver Gold Mines Ltd, Asanko Gold, and Hecla Mining Company
Published over a year ago
View all stories for Macroaxis | View All Stories
7 Industrial Metal Mining stocks to get rid of in October 2019

This list of potential positions covers USA Equities from Industrial Metal Mining industry as classified by Fama & French. Fama and French focuses on testing asset pricing under different economic assumptions in USA. Please note, we provide buy hold or sell recommendation only in the context of selected investment horizon assuming investor has average attitude towards taking risk. Please also consider using Portfolio Positions Ratings and Equity Ratings tools to further calibrate your research.

Story appears to be empty

HANDENI GOLD INC (HNDI)

HANDENI GOLD INC has return on total asset (ROA) of (23.26) % which means that it has lost $23.26 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 0.0274 %, meaning that it created $0.0274 on every $100 dollars invested by stockholders. HANDENI GOLD management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The current Return on Average Equity is estimated to increase to 2.74, while Return on Average Assets are projected to decrease to (0.63) . HANDENI GOLD Assets Non Current are most likely to decrease significantly in the upcoming years. The last year's value of Assets Non Current was reported at 1.64 Million. The current Tangible Assets Book Value per Share is estimated to increase to 0.65, while Return on Average Assets are projected to decrease to (0.63) . This firm currently falls under 'Nano-Cap' category with current market capitalization of 41.81 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate HANDENI GOLD's market, we take the total number of its shares issued and multiply it by HANDENI GOLD's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

New Gold (NGD)

New Gold has Return on Asset of (0.56) % which means that on every $100 spent on asset, it lost $0.56. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (11.36) %, meaning that it generated no profit with money invested by stockholders. New Gold management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. As of September 18, 2020, Return on Average Assets is expected to decline to -0.04. In addition to that, Return on Average Equity is expected to decline to -0.08. New Gold Current Assets are projected to decrease significantly based on the last few years of reporting. The past year's Current Assets were at 228.7 Million. The current year Assets Non Current is expected to grow to about 2.6 B, whereas Asset Turnover is forecasted to decline to 0.23. This firm currently falls under 'Mid-Cap' category with total capitalization of 1.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Gold's market, we take the total number of its shares issued and multiply it by New Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

  Total Debt

784.23 Million
New Gold Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 738.4 Million

Centrus Energy Corp (LEU)

Centrus Energy Corp has Return on Asset of 8.34 % which means that on every $100 spent on asset, it made $8.34 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 0.0894 %, implying that it generated $0.0894 on every 100 dollars invested. Centrus Energy management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. Return on Average Equity is likely to gain to 0.09 in 2020, whereas Return on Investment is likely to drop (195.36)  in 2020. Centrus Energy Total Liabilities is comparatively stable at the moment as compared to the past year. Centrus Energy reported Total Liabilities of 792.8 Million in 2019. Current Liabilities is likely to gain to about 345.7 M in 2020, whereas Deposit Liabilities is likely to drop slightly above 28.3 M in 2020. The entity currently falls under 'Small-Cap' category with total capitalization of 117.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centrus Energy's market, we take the total number of its shares issued and multiply it by Centrus Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Centrus Energy Corp shows a prevailing Real Value of $11.84 per share. The current price of the firm is $9.92. At this time, the firm appears to be undervalued. Our model approximates the value of Centrus Energy Corp from analyzing the firm fundamentals such as Return On Equity of 0.09 %, profit margin of 23.12 %, and Current Valuation of 107.5 M as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and selling overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Denison Mines Corp (DNN)

Denison Mines Corp has Return on Asset of (3.92) % which means that on every $100 spent on asset, it lost $3.92. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (7.37) %, meaning that it generated no profit with money invested by stockholders. Denison Mines management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Average Assets is estimated to slide to -0.06. The value of Return on Average Equity is estimated to slide to -0.09. Denison Mines Average Assets are quite stable at the moment as compared to the past year. The company's current value of Average Assets is estimated at 320.07 Million. Tangible Asset Value is expected to rise to about 305.1 M this year, although the value of Assets Non Current will most likely fall to about 274 M. This firm currently falls under 'Small-Cap' category with total capitalization of 283.52 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Denison Mines's market, we take the total number of its shares issued and multiply it by Denison Mines's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

  Total Debt

283,759
Denison Mines Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 283,759

Avino Silver Gold (ASM)

Avino Silver Gold has Return on Asset of (2.12) % which means that on every $100 spent on asset, it lost $2.12. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (4.51) %, meaning that it generated no profit with money invested by stockholders. Avino Silver management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Average Assets is estimated to pull down to -0.36. The value of Return on Average Equity is estimated to pull down to -0.5. Avino Silver Assets Non Current are relatively stable at the moment as compared to the past year. The company's current value of Assets Non Current is estimated at 50.75 Million. Tax Assets is expected to hike to about 5.9 M this year, although the value of Current Assets will most likely fall to nearly 20.9 M. The company currently falls under 'Small-Cap' category with total capitalization of 102.03 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Avino Silver's market, we take the total number of its shares issued and multiply it by Avino Silver's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Avino Silver Gold shows a prevailing Real Value of $1.34 per share. The current price of the firm is $1.14. Today, the firm appears to be undervalued. Our model approximates the value of Avino Silver Gold from analyzing the firm fundamentals such as Profit Margin of (110.33) %, current valuation of 89.73 M, and Return On Equity of (4.51) % as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and dropping overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Asanko Gold (AKG)

The entity has a beta of -0.8059. Let's try to break down what Asanko's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Asanko Gold will likely underperform. The beta indicator helps investors understand whether Asanko Gold moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Asanko deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. This firm currently falls under 'Small-Cap' category with total capitalization of 249.91 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Asanko Gold's market, we take the total number of its shares issued and multiply it by Asanko Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Hecla Mining (HL)

Hecla Mining has Return on Asset (ROA) of 0.44 % which means that for every $100 of asset, it generated profit of $0.44. This is way below average. Likewise, it shows return on total equity (ROE) of (3.56) %, which implies that it produced no returns to current stockholders. Hecla Mining management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Investment is estimated to pull down to -2.42. The value of Return on Average Assets is estimated to pull down to -0.04. Hecla Mining Tangible Assets Book Value per Share are relatively stable at the moment as compared to the past year. The company's current value of Tangible Assets Book Value per Share is estimated at 6.14This firm currently falls under 'Mid-Cap' category with market capitalization of 2.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hecla Mining's market, we take the total number of its shares issued and multiply it by Hecla Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Hecla Mining retains a regular Real Value of $5.59 per share. The prevalent price of the firm is $5.8. At this time, the firm appears to be fairly valued. Our model calculates the value of Hecla Mining from evaluating the firm fundamentals such as Return On Equity of (3.56) %, return on asset of 0.44 %, and Current Valuation of 3.35 B as well as inspecting its technical indicators and Probability Of Bankruptcy. In general, we encourage acquiring undervalued assets and dropping overvalued assets since, at some point, asset prices and their ongoing real values will come together.

Current Industrial Metal Mining Recommendations


How important is Macroaxis's Liquidity

Macroaxis financial leverage refers to using borrowed capital as a funding source to finance Macroaxis ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Macroaxis financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Macroaxis's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Macroaxis, but it might be worth checking our own buy vs. sell analysis
Story appears to be empty

HANDENI GOLD INC (HNDI)

HANDENI GOLD INC has return on total asset (ROA) of (23.26) % which means that it has lost $23.26 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 0.0274 %, meaning that it created $0.0274 on every $100 dollars invested by stockholders. HANDENI GOLD management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The current Return on Average Equity is estimated to increase to 2.74, while Return on Average Assets are projected to decrease to (0.63) . HANDENI GOLD Assets Non Current are most likely to decrease significantly in the upcoming years. The last year's value of Assets Non Current was reported at 1.64 Million. The current Tangible Assets Book Value per Share is estimated to increase to 0.65, while Return on Average Assets are projected to decrease to (0.63) . This firm currently falls under 'Nano-Cap' category with current market capitalization of 41.81 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate HANDENI GOLD's market, we take the total number of its shares issued and multiply it by HANDENI GOLD's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

New Gold (NGD)

New Gold has Return on Asset of (0.56) % which means that on every $100 spent on asset, it lost $0.56. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (11.36) %, meaning that it generated no profit with money invested by stockholders. New Gold management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. As of September 18, 2020, Return on Average Assets is expected to decline to -0.04. In addition to that, Return on Average Equity is expected to decline to -0.08. New Gold Current Assets are projected to decrease significantly based on the last few years of reporting. The past year's Current Assets were at 228.7 Million. The current year Assets Non Current is expected to grow to about 2.6 B, whereas Asset Turnover is forecasted to decline to 0.23. This firm currently falls under 'Mid-Cap' category with total capitalization of 1.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Gold's market, we take the total number of its shares issued and multiply it by New Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

  Total Debt

784.23 Million
New Gold Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 738.4 Million

Centrus Energy Corp (LEU)

Centrus Energy Corp has Return on Asset of 8.34 % which means that on every $100 spent on asset, it made $8.34 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 0.0894 %, implying that it generated $0.0894 on every 100 dollars invested. Centrus Energy management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. Return on Average Equity is likely to gain to 0.09 in 2020, whereas Return on Investment is likely to drop (195.36)  in 2020. Centrus Energy Total Liabilities is comparatively stable at the moment as compared to the past year. Centrus Energy reported Total Liabilities of 792.8 Million in 2019. Current Liabilities is likely to gain to about 345.7 M in 2020, whereas Deposit Liabilities is likely to drop slightly above 28.3 M in 2020. The entity currently falls under 'Small-Cap' category with total capitalization of 117.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centrus Energy's market, we take the total number of its shares issued and multiply it by Centrus Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Centrus Energy Corp shows a prevailing Real Value of $11.84 per share. The current price of the firm is $9.92. At this time, the firm appears to be undervalued. Our model approximates the value of Centrus Energy Corp from analyzing the firm fundamentals such as Return On Equity of 0.09 %, profit margin of 23.12 %, and Current Valuation of 107.5 M as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and selling overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Denison Mines Corp (DNN)

Denison Mines Corp has Return on Asset of (3.92) % which means that on every $100 spent on asset, it lost $3.92. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (7.37) %, meaning that it generated no profit with money invested by stockholders. Denison Mines management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Average Assets is estimated to slide to -0.06. The value of Return on Average Equity is estimated to slide to -0.09. Denison Mines Average Assets are quite stable at the moment as compared to the past year. The company's current value of Average Assets is estimated at 320.07 Million. Tangible Asset Value is expected to rise to about 305.1 M this year, although the value of Assets Non Current will most likely fall to about 274 M. This firm currently falls under 'Small-Cap' category with total capitalization of 283.52 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Denison Mines's market, we take the total number of its shares issued and multiply it by Denison Mines's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

  Total Debt

283,759
Denison Mines Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 283,759

Avino Silver Gold (ASM)

Avino Silver Gold has Return on Asset of (2.12) % which means that on every $100 spent on asset, it lost $2.12. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (4.51) %, meaning that it generated no profit with money invested by stockholders. Avino Silver management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Average Assets is estimated to pull down to -0.36. The value of Return on Average Equity is estimated to pull down to -0.5. Avino Silver Assets Non Current are relatively stable at the moment as compared to the past year. The company's current value of Assets Non Current is estimated at 50.75 Million. Tax Assets is expected to hike to about 5.9 M this year, although the value of Current Assets will most likely fall to nearly 20.9 M. The company currently falls under 'Small-Cap' category with total capitalization of 102.03 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Avino Silver's market, we take the total number of its shares issued and multiply it by Avino Silver's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Avino Silver Gold shows a prevailing Real Value of $1.34 per share. The current price of the firm is $1.14. Today, the firm appears to be undervalued. Our model approximates the value of Avino Silver Gold from analyzing the firm fundamentals such as Profit Margin of (110.33) %, current valuation of 89.73 M, and Return On Equity of (4.51) % as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and dropping overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Asanko Gold (AKG)

The entity has a beta of -0.8059. Let's try to break down what Asanko's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Asanko Gold will likely underperform. The beta indicator helps investors understand whether Asanko Gold moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Asanko deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. This firm currently falls under 'Small-Cap' category with total capitalization of 249.91 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Asanko Gold's market, we take the total number of its shares issued and multiply it by Asanko Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Hecla Mining (HL)

Hecla Mining has Return on Asset (ROA) of 0.44 % which means that for every $100 of asset, it generated profit of $0.44. This is way below average. Likewise, it shows return on total equity (ROE) of (3.56) %, which implies that it produced no returns to current stockholders. Hecla Mining management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. The value of Return on Investment is estimated to pull down to -2.42. The value of Return on Average Assets is estimated to pull down to -0.04. Hecla Mining Tangible Assets Book Value per Share are relatively stable at the moment as compared to the past year. The company's current value of Tangible Assets Book Value per Share is estimated at 6.14This firm currently falls under 'Mid-Cap' category with market capitalization of 2.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hecla Mining's market, we take the total number of its shares issued and multiply it by Hecla Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Hecla Mining retains a regular Real Value of $5.59 per share. The prevalent price of the firm is $5.8. At this time, the firm appears to be fairly valued. Our model calculates the value of Hecla Mining from evaluating the firm fundamentals such as Return On Equity of (3.56) %, return on asset of 0.44 %, and Current Valuation of 3.35 B as well as inspecting its technical indicators and Probability Of Bankruptcy. In general, we encourage acquiring undervalued assets and dropping overvalued assets since, at some point, asset prices and their ongoing real values will come together.

Current Industrial Metal Mining Recommendations

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com

Did you try this?

Run Idea Optimizer Now

   

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
All  Next Launch Module
Check out Stocks Correlation. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.