HANDENI GOLD INC, New Gold, Centrus Energy Corp, Denison Mines Corp, Avino Silver Gold Mines Ltd, Asanko Gold, and Hecla Mining Company" name="Description" /> HANDENI GOLD INC, New Gold, Centrus Energy Corp, Denison Mines Corp, Avino Silver Gold Mines Ltd, Asanko Gold, and Hecla Mining Company" /> 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 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
Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.

Reviewed by Ellen Johnson

Story appears to be empty

Handeni Gold (HNDI)

The firm beta is close to zero. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Handeni Gold will likely underperform. The beta indicator helps investors understand whether Handeni 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 Handeni deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The entity currently falls under 'Nano-Cap' category with a current market capitalization of 43.07 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 those looking for more risk prefer small-cap and mid-cap equities. Handeni Gold seems to be overvalued based on Macroaxis valuation methodology. Our model calculates the value of Handeni Gold from evaluating the firm fundamentals such as Current Valuation of 1.94 M, return on asset of -0.23, and Price To Earning of (0.10) X as well as inspecting its technical indicators and probability of bankruptcy. In general, most investors encourage purchasing undervalued assets and trading away overvalued assets since, at some point, asset prices and their ongoing real values will come together.

New Gold (NGD)

The company has Return on Asset of 0.0158 % which means that on every $100 spent on assets, it made $0.0158 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0738) %, meaning that it generated no profit with money invested by stockholders. New Gold's management efficiency ratios could be used to measure how well New Gold manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.03, whereas Return On Assets are forecasted to decline to (0.03). At present, New Gold's Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.44, whereas Non Current Assets Total are forecasted to decline to about 1.7 B. This firm currently falls under 'Mid-Cap' category with a total capitalization of 1.08 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 those looking for more risk prefer small-cap and mid-cap equities.

Short Long Term Debt Total

489.16 Million

At present, New Gold's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting.

Centrus Energy (LEU)

The company has Return on Asset of 0.0659 % which means that on every $100 spent on assets, it made $0.0659 of profit. This is way below average. Centrus Energy's management efficiency ratios could be used to measure how well Centrus Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to gain to 0.17 in 2024. Return On Assets is likely to gain to 0.11 in 2024. At this time, Centrus Energy's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 1.5 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 8.4 M in 2024. The entity currently falls under 'Small-Cap' category with a total capitalization of 638.97 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 those looking for more risk prefer small-cap and mid-cap equities. At this time, the firm appears to be undervalued. Centrus Energy shows a prevailing Real Value of $51.27 per share. The current price of the firm is $41.07. Our model approximates the value of Centrus Energy from analyzing the firm fundamentals such as Operating Margin of 0.57 %, shares outstanding of 14.96 M, and Return On Asset of 0.0659 as well as examining its technical indicators and probability of bankruptcy. In general, most investors 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)

The company has Return on Asset of (0.046) % which means that on every $100 spent on assets, it lost $0.046. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1658 %, implying that it generated $0.1658 on every 100 dollars invested. Denison Mines' management efficiency ratios could be used to measure how well Denison Mines manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Denison Mines' Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Return On Equity is likely to grow to 0.15, while Return On Capital Employed is likely to drop (0.07). At this time, Denison Mines' Total Current Assets are very stable compared to the past year. As of the 28th of March 2024, Net Tangible Assets is likely to grow to about 526.5 M, while Total Assets are likely to drop about 421.3 M. The firm currently falls under 'Mid-Cap' category with a total capitalization of 1.71 B. 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 those looking for more risk prefer small-cap and mid-cap equities.

Net Debt

(124.11 Million)

Denison Mines reported last year Net Debt of (130.64 Million)

Avino Silver Gold (ASM)

At this time, Avino Silver's Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Return On Equity is likely to grow to 0.01, while Return On Capital Employed is likely to drop (0.01). At this time, Avino Silver's Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Asset Turnover is likely to grow to 0.36, while Total Current Assets are likely to drop about 11.9 M. Avino Silver's management efficiency ratios could be used to measure how well Avino Silver manages its routine affairs as well as how well it operates its assets and liabilities. This firm currently falls under 'Micro-Cap' category with a total capitalization of 75.29 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 those looking for more risk prefer small-cap and mid-cap equities. Avino Silver is undervalued. Avino Silver Gold shows a prevailing Real Value of $0.88 per share. The current price of the firm is $0.62. Our model approximates the value of Avino Silver Gold from analyzing the firm fundamentals such as Profit Margin of 0.01 %, return on equity of 0.0053, and Current Valuation of 76.52 M as well as examining its technical indicators and probability of bankruptcy. In general, most investors favor obtaining undervalued instruments and abandoning overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Galiano Gold (AKG)

The company has Return on Asset of (2.62) % which means that on every $100 spent on assets, it lost $2.62. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (54.4) %, meaning that it generated no profit with money invested by stockholders. Galiano Gold's management efficiency ratios could be used to measure how well Galiano Gold manages its routine affairs as well as how well it operates its assets and liabilities. This firm currently falls under 'Small-Cap' category with a 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 Galiano Gold's market, we take the total number of its shares issued and multiply it by Galiano 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 those looking for more risk prefer small-cap and mid-cap equities.

Hecla Mining (HL)

The value of Return On Capital Employed is expected to slide to -0.02. The value of Return On Assets is estimated to slide to -0.03. At this time, Hecla Mining's Total Assets are quite stable compared to the past year. Non Current Assets Total is expected to rise to about 2.9 B this year, although the value of Other Assets will most likely fall to about 59.6 M. Hecla Mining's management efficiency ratios could be used to measure how well Hecla Mining manages its routine affairs as well as how well it operates its assets and liabilities. The company currently falls under 'Mid-Cap' category with a market capitalization of 2.64 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 those looking for more risk prefer small-cap and mid-cap equities. At this time, the firm appears to be undervalued. Hecla Mining retains a regular Real Value of $5.22 per share. The prevalent price of the firm is $4.81. Our model calculates the value of Hecla Mining from evaluating the firm fundamentals such as Return On Equity of -0.0427, current valuation of 3.2 B, and Return On Asset of 0.0079 as well as inspecting its technical indicators and probability of bankruptcy. In general, most investors encourage picking up undervalued assets and discarding overvalued assets since, at some point, asset prices and their ongoing real values will come together.

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. Financial leverage can amplify the potential profits to Macroaxis' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Macroaxis' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Macroaxis's total debt and its cash.

Macroaxis Gross Profit

Macroaxis Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Macroaxis previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Macroaxis Gross Profit growth over the last 10 years. Please check Macroaxis' gross profit and other fundamental indicators for more details.
Story appears to be empty

Handeni Gold (HNDI)

The firm beta is close to zero. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Handeni Gold will likely underperform. The beta indicator helps investors understand whether Handeni 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 Handeni deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The entity currently falls under 'Nano-Cap' category with a current market capitalization of 43.07 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 those looking for more risk prefer small-cap and mid-cap equities. Handeni Gold seems to be overvalued based on Macroaxis valuation methodology. Our model calculates the value of Handeni Gold from evaluating the firm fundamentals such as Current Valuation of 1.94 M, return on asset of -0.23, and Price To Earning of (0.10) X as well as inspecting its technical indicators and probability of bankruptcy. In general, most investors encourage purchasing undervalued assets and trading away overvalued assets since, at some point, asset prices and their ongoing real values will come together.

New Gold (NGD)

The company has Return on Asset of 0.0158 % which means that on every $100 spent on assets, it made $0.0158 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0738) %, meaning that it generated no profit with money invested by stockholders. New Gold's management efficiency ratios could be used to measure how well New Gold manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.03, whereas Return On Assets are forecasted to decline to (0.03). At present, New Gold's Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.44, whereas Non Current Assets Total are forecasted to decline to about 1.7 B. This firm currently falls under 'Mid-Cap' category with a total capitalization of 1.08 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 those looking for more risk prefer small-cap and mid-cap equities.

Short Long Term Debt Total

489.16 Million

At present, New Gold's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting.

Centrus Energy (LEU)

The company has Return on Asset of 0.0659 % which means that on every $100 spent on assets, it made $0.0659 of profit. This is way below average. Centrus Energy's management efficiency ratios could be used to measure how well Centrus Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to gain to 0.17 in 2024. Return On Assets is likely to gain to 0.11 in 2024. At this time, Centrus Energy's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 1.5 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 8.4 M in 2024. The entity currently falls under 'Small-Cap' category with a total capitalization of 638.97 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 those looking for more risk prefer small-cap and mid-cap equities. At this time, the firm appears to be undervalued. Centrus Energy shows a prevailing Real Value of $51.27 per share. The current price of the firm is $41.07. Our model approximates the value of Centrus Energy from analyzing the firm fundamentals such as Operating Margin of 0.57 %, shares outstanding of 14.96 M, and Return On Asset of 0.0659 as well as examining its technical indicators and probability of bankruptcy. In general, most investors 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)

The company has Return on Asset of (0.046) % which means that on every $100 spent on assets, it lost $0.046. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1658 %, implying that it generated $0.1658 on every 100 dollars invested. Denison Mines' management efficiency ratios could be used to measure how well Denison Mines manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Denison Mines' Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Return On Equity is likely to grow to 0.15, while Return On Capital Employed is likely to drop (0.07). At this time, Denison Mines' Total Current Assets are very stable compared to the past year. As of the 28th of March 2024, Net Tangible Assets is likely to grow to about 526.5 M, while Total Assets are likely to drop about 421.3 M. The firm currently falls under 'Mid-Cap' category with a total capitalization of 1.71 B. 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 those looking for more risk prefer small-cap and mid-cap equities.

Net Debt

(124.11 Million)

Denison Mines reported last year Net Debt of (130.64 Million)

Avino Silver Gold (ASM)

At this time, Avino Silver's Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Return On Equity is likely to grow to 0.01, while Return On Capital Employed is likely to drop (0.01). At this time, Avino Silver's Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Asset Turnover is likely to grow to 0.36, while Total Current Assets are likely to drop about 11.9 M. Avino Silver's management efficiency ratios could be used to measure how well Avino Silver manages its routine affairs as well as how well it operates its assets and liabilities. This firm currently falls under 'Micro-Cap' category with a total capitalization of 75.29 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 those looking for more risk prefer small-cap and mid-cap equities. Avino Silver is undervalued. Avino Silver Gold shows a prevailing Real Value of $0.88 per share. The current price of the firm is $0.62. Our model approximates the value of Avino Silver Gold from analyzing the firm fundamentals such as Profit Margin of 0.01 %, return on equity of 0.0053, and Current Valuation of 76.52 M as well as examining its technical indicators and probability of bankruptcy. In general, most investors favor obtaining undervalued instruments and abandoning overvalued instruments since, at some point, asset prices and their ongoing real values will blend.

Galiano Gold (AKG)

The company has Return on Asset of (2.62) % which means that on every $100 spent on assets, it lost $2.62. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (54.4) %, meaning that it generated no profit with money invested by stockholders. Galiano Gold's management efficiency ratios could be used to measure how well Galiano Gold manages its routine affairs as well as how well it operates its assets and liabilities. This firm currently falls under 'Small-Cap' category with a 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 Galiano Gold's market, we take the total number of its shares issued and multiply it by Galiano 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 those looking for more risk prefer small-cap and mid-cap equities.

Hecla Mining (HL)

The value of Return On Capital Employed is expected to slide to -0.02. The value of Return On Assets is estimated to slide to -0.03. At this time, Hecla Mining's Total Assets are quite stable compared to the past year. Non Current Assets Total is expected to rise to about 2.9 B this year, although the value of Other Assets will most likely fall to about 59.6 M. Hecla Mining's management efficiency ratios could be used to measure how well Hecla Mining manages its routine affairs as well as how well it operates its assets and liabilities. The company currently falls under 'Mid-Cap' category with a market capitalization of 2.64 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 those looking for more risk prefer small-cap and mid-cap equities. At this time, the firm appears to be undervalued. Hecla Mining retains a regular Real Value of $5.22 per share. The prevalent price of the firm is $4.81. Our model calculates the value of Hecla Mining from evaluating the firm fundamentals such as Return On Equity of -0.0427, current valuation of 3.2 B, and Return On Asset of 0.0079 as well as inspecting its technical indicators and probability of bankruptcy. In general, most investors encourage picking up undervalued assets and discarding overvalued assets since, at some point, asset prices and their ongoing real values will come together.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Editorial Staff

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 Portfolio Suggestion Now

   

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios
All  Next Launch Module
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any private could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Other Consideration for investing

Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges