Macroaxis Story

Macroaxis News
  
By Achuva Shats

September 8, 2019

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
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.


HANDENI GOLD INC (HNDI)

The company 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 (0.66) % meaning that it created substantial loss on money invested by shareholders. This firm currently falls under 'Nano-Cap' category with current market capitalization of 43.07K. HANDENI GOLD seems to be overvalued based on Macroaxis valuation methodology. This module calculates value of HANDENI GOLD INC from inspecting the entity fundamentals such as Return On Asset of (23.26)% and Shares Outstanding of 2.14M as well as reviewing its technical indicators and Probability Of Bankruptcy. In general, we encourage to acquire undervalued assets and to sell overvalued assets since in the future stocks prices and their ongoing real values will come together. HANDENI GOLD competes with Dynaresource, Auryn Resources, BHP Group, Buenaventura Mining, Cameco, Cleveland Cliffs, Compass Minerals, Denison Mines, and Entree Resources. Handeni Gold Inc., an exploration stage company, acquires and explores for mineral properties in the United Republic of Tanzania. Handeni Gold Inc. was founded in 2004 and is based in Dar es Salaam, the United Republic of Tanzania. HANDENI GOLD operates under Industrial Metals Minerals classification in USA and is traded on BATS Exchange.

New Gold (NGD)

About 61.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.78. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. The entity recorded loss per share of 1.63. The entity had not issued any dividends in recent years. The entity currently falls under 'Small-Cap' category with total capitalization of 806.2M.
Total Debt
New Gold competes with AngloGold Ashanti, Hecla Mining, Kirkland Lake, Novagold Resources, Osisko Gold, GOLD RESERVE, Almaden Minerals, Agnico Eagle, and Alamos Gold. New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. The company was founded in 1980 and is headquartered in Toronto, Canada. New Gold operates under Gold classification in USA and is traded on BATS Exchange. It employs 1267 people.

Centrus Energy Corp (LEU)

The company has Net Profit Margin of (53.53) % which means that it does not effectively controls expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (54.31) % which entails that for every $100 of revenue it lost -0.54. The entity currently falls under 'Micro-Cap' category with total capitalization of 30.26M. Centrus Energy Corp shows prevailing Real Value of $2.7237 per share. The current price of the firm is $3.2. At this time the firm appears to be overvalued. This module approximates value of Centrus Energy Corp from analyzing the firm fundamentals such as Current Valuation of 106.96M, Return On Equity of 0.08% and Profit Margin of (53.53)% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend. Centrus Energy competes with Dynaresource, Auryn Resources, BHP Group, Buenaventura Mining, Cameco, Cleveland Cliffs, Compass Minerals, Denison Mines, and Entree Resources. Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy operates under Industrial Metals Minerals classification in USA and is traded on BATS Exchange. It employs 226 people.

Denison Mines Corp (DNN)

About 95.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.47. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity recorded loss per share of 0.03. The entity had not issued any dividends in recent years. The firm had a split on 2016-12-07. This firm currently falls under 'Small-Cap' category with total capitalization of 292.6M.
Total Debt
Denison Mines Corp shows prevailing Real Value of $0.864442 per share. The current price of the firm is $0.4772. Denison Mines is undervalued. This module computes value of Denison Mines Corp from reviewing the firm fundamentals such as Profit Margin of (173.54)%, Shares Outstanding of 590.22M and Shares Owned by Insiders of 95.08% as well as analyzing its technical indicators and Probability Of Bankruptcy. In general, we advise to go long with undervalued instruments and to sell out overvalued instruments since at some point assets prices and their ongoing real values will submerge.

Avino Silver Gold Mines Ltd (ASM)

The company has price-to-book (P/B) ratio of 0.51. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity has Price/Earnings (P/E) ratio of 686.9. The entity recorded loss per share of 0.01. The firm had not issued any dividends in recent years. The entity had 120:100 split on September 18, 2014. The company currently falls under 'Micro-Cap' category with total capitalization of 48.72M. Avino Silver Gold shows prevailing Real Value of $1.1643 per share. The current price of the firm is $0.605. Avino Silver is undervalued. This module approximates value of Avino Silver Gold from analyzing the firm fundamentals such as Profit Margin of (2.58)%, Current Valuation of 52.56M and Return On Equity of (1.07)% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend. Avino Silver competes with First Majestic, Endeavour Silver, Fortuna Silver, Great Panther, MAG Silver, Pan American, Transdigm Group, and Electronic Arts. Avino Silver Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. Avino Silver Gold Mines Ltd. was founded in 1968 and is headquartered in Vancouver, Canada. Avino Silver operates under Silver classification in USA and is traded on BATS Exchange.

Asanko Gold (AKG)

About 22.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.69. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity recorded loss per share of 0.0. The entity had not issued any dividends in recent years. The firm had 3:2 split on February 19, 2014. This firm currently falls under 'Small-Cap' category with total capitalization of 228.76M.
Total Debt
Asanko Gold shows prevailing Real Value of $1.1343 per share. The current price of the firm is $0.9384. the firm appears to be undervalued. This module approximates value of Asanko Gold from analyzing the firm fundamentals such as Profit Margin of (1.37)% and Return On Equity of (0.42)% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.

Hecla Mining Company (HL)

About 66.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.52. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity has Price/Earnings To Growth (PEG) ratio of 0.36. The entity recorded loss per share of 0.25. The firm last dividend was issued on 2019-08-22. The entity had 3:2 split on 1981-03-25. The company currently falls under 'Small-Cap' category with market capitalization of 848.41M. Hecla Mining retains regular Real Value of $1.8729 per share. The prevalent price of the corporation is $1.81. Based on Macroaxis valuation methodology, the corporation appears to be undervalued. This module calculates value of Hecla Mining from evaluating the corporation fundamentals such as Current Valuation of 1.49B, Return On Equity of (7.58)% and Return On Asset of (1.70)% as well as inspecting its technical indicators and Probability Of Bankruptcy. In general, we encourage to acquire undervalued assets and to sell overvalued assets since at some point stocks prices and their ongoing real values will come together.

Current 7 Industrial Metal Mining Recommendations

Competition Technical Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 2.20  0.30  0.09 (0.26)  2.46  0.09 (2.69)  4.40 (4.10)  15.34 
 3.08  0.22  0.04 (0.60)  4.49  0.0456 (3.50)  6.35 (6.70)  27.86 
 1.70  0.16  0.05 (0.19)  2.14  0.05 (2.49)  4.33 (3.63)  13.93 
 2.11  0.45  0.15  0.80  2.17  0.16 (2.42)  5.06 (4.75)  12.74 
 1.53  0.16  0.06 (0.17)  1.90  0.06 (2.10)  3.16 (3.07)  16.92 
 2.81 (0.29)  0.00 (1.12)  0.00 (0.06)  0.00  4.39 (7.89)  33.75 
 3.49  0.43  0.10 (0.22)  3.36  0.08 (4.81)  8.95 (6.72)  26.76 
 1.24  0.22  0.12 (0.36)  1.37  0.12 (1.64)  3.71 (2.98)  8.52 
 1.92  0.16  0.05 (0.11)  2.11  0.045 (2.59)  4.81 (4.04)  14.09 
 2.62  0.90  0.28 (0.76)  2.37  0.24 (3.62)  7.45 (4.08)  20.26 

About Contributor

Achuva Shats
   Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the prospective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile
This story should be regarded as informational only and should not be considered as 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. Macroaxis LLC and Achuva Shats do not own shares of Macroaxis. Please refer to our Terms of Use for any information regarding our disclosure principles.

Did you try this?

Run Positions Ratings Now

   

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module
See also Stocks Correlation. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Search macroaxis.com