Macroaxis Story

This post will analyze 4 Precious Metals equities to potentially sell in May 2020. We will go over the following equities: Novagold Resources, CONTANGO ORE INC, Auryn Resources, and First Majestic Silver Corp
Published over six months ago
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four Precious Metals stocks your should get rid of in May 2020

This list of potential positions covers USA Equities from Precious Metals 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.

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Novagold Resources (NG)

Novagold Resources has Return on Asset (ROA) of (4.58) % which means that for every 100 dollars spent on asset, it generated loss of $4.58. This is way below average. Likewise, it shows return on total equity (ROE) of (26.49) %, which implies that it produced no returns to current stockholders. Novagold Resources 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 October 28, 2020, Return on Average Assets is expected to decline to -0.11. In addition to that, Return on Invested Capital is expected to decline to -0.1. Novagold Resources Assets Non Current are projected to decrease significantly based on the last few years of reporting. The past year's Assets Non Current were at 85.95 Million. The current year Asset Turnover is expected to grow to 0.001105, whereas Tax Assets are forecasted to decline to about 10.5 M. The firm currently falls under 'Mid-Cap' category with market capitalization of 3.55 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novagold Resources's market, we take the total number of its shares issued and multiply it by Novagold Resources'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. Novagold Resources secures a last-minute Real Value of $15.16 per share. The latest price of the firm is $10.22. At this time, the firm appears to be undervalued. Our model forecasts the value of Novagold Resources from analyzing the firm fundamentals such as Shares Owned by Insiders of 27.14 %, return on equity of (26.49) %, and Current Valuation of 3.53 B as well as examining its technical indicators and Probability Of Bankruptcy. In general, we recommend purchasing undervalued stocks and exiting overvalued stocks since, at some point, asset prices and their ongoing real values will merge together.

CONTANGO ORE INC (CTGO)

CONTANGO ORE INC has return on total asset (ROA) of (59.04) % which means that it has lost $59.04 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (178.77) %, meaning that it created substantial loss on money invested by shareholders. CONTANGO ORE 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 Invested Capital is expected to rise to 26.64 this year, although the value of Return on Average Assets will most likely fall to (1.89) . CONTANGO ORE Total Assets are quite stable at the moment as compared to the past year. The company's current value of Total Assets is estimated at 3.17 Million. Current Assets is expected to rise to about 3.2 M this year, although the value of Assets Non Current will most likely fall to about 1.6 M. The firm currently falls under 'Small-Cap' category with current market capitalization of 102.07 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CONTANGO ORE's market, we take the total number of its shares issued and multiply it by CONTANGO ORE'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.

Debt to Equity Ratio

0.59Share
CONTANGO ORE Debt to Equity Ratio is quite stable at the moment as compared to the past year. The company's current value of Debt to Equity Ratio is estimated at 0.59

Auryn Resources (AUG)

Auryn Resources has Return on Asset of (15.95) % which means that on every $100 spent on asset, it lost $15.95. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (27.31) %, meaning that it generated no profit with money invested by stockholders. Auryn Resources 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 October 28, 2020, Return on Average Assets is expected to decline to -0.35. In addition to that, Return on Average Equity is expected to decline to -0.39. Auryn Resources Current Assets are projected to decrease significantly based on the last few years of reporting. The past year's Current Assets were at 1.71 Million. The current year Tangible Assets Book Value per Share is expected to grow to 0.54, whereas Assets Non Current are forecasted to decline to about 40.4 M. The entity currently falls under 'Small-Cap' category with total capitalization of 263.46 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Auryn Resources's market, we take the total number of its shares issued and multiply it by Auryn Resources'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.

First Majestic Silver (AG)

First Majestic Silver has Return on Asset (ROA) of (0.45) % which means that for every 100 dollars spent on asset, it generated loss of $0.45. This is way below average. Likewise, it shows return on total equity (ROE) of (11.48) %, which implies that it produced no returns to current stockholders. First Majestic 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 October 28, 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 -0.07. The current year Tangible Assets Book Value per Share is expected to grow to 5.67, whereas Total Assets are forecasted to decline to about 946.8 M. This firm currently falls under 'Mid-Cap' category with market capitalization of 2.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Majestic's market, we take the total number of its shares issued and multiply it by First Majestic'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

191.79 MillionShare
First Majestic Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 177.75 Million

Current Precious Metals Recommendations

VolatilityHypeValuationAnalyst ConsensusFinancial LeverageOdds of DistressMacroaxis Advice
CTGO
Not Available
Not Suitable
CHNR
Not Available
Not Suitable
AUMN
Not Suitable
CRCUF
Not Available
Not Suitable

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.

How Macroaxis utilizes its cash?

To perform a cash flow analysis of Macroaxis, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Macroaxis is receiving and how much cash it distributes out in a given period. The Macroaxis cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Macroaxis Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Macroaxis reported Net Cash Flow from Operations of 140.03 Million in 2019
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Novagold Resources (NG)

Novagold Resources has Return on Asset (ROA) of (4.58) % which means that for every 100 dollars spent on asset, it generated loss of $4.58. This is way below average. Likewise, it shows return on total equity (ROE) of (26.49) %, which implies that it produced no returns to current stockholders. Novagold Resources 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 October 28, 2020, Return on Average Assets is expected to decline to -0.11. In addition to that, Return on Invested Capital is expected to decline to -0.1. Novagold Resources Assets Non Current are projected to decrease significantly based on the last few years of reporting. The past year's Assets Non Current were at 85.95 Million. The current year Asset Turnover is expected to grow to 0.001105, whereas Tax Assets are forecasted to decline to about 10.5 M. The firm currently falls under 'Mid-Cap' category with market capitalization of 3.55 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novagold Resources's market, we take the total number of its shares issued and multiply it by Novagold Resources'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. Novagold Resources secures a last-minute Real Value of $15.16 per share. The latest price of the firm is $10.22. At this time, the firm appears to be undervalued. Our model forecasts the value of Novagold Resources from analyzing the firm fundamentals such as Shares Owned by Insiders of 27.14 %, return on equity of (26.49) %, and Current Valuation of 3.53 B as well as examining its technical indicators and Probability Of Bankruptcy. In general, we recommend purchasing undervalued stocks and exiting overvalued stocks since, at some point, asset prices and their ongoing real values will merge together.

CONTANGO ORE INC (CTGO)

CONTANGO ORE INC has return on total asset (ROA) of (59.04) % which means that it has lost $59.04 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (178.77) %, meaning that it created substantial loss on money invested by shareholders. CONTANGO ORE 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 Invested Capital is expected to rise to 26.64 this year, although the value of Return on Average Assets will most likely fall to (1.89) . CONTANGO ORE Total Assets are quite stable at the moment as compared to the past year. The company's current value of Total Assets is estimated at 3.17 Million. Current Assets is expected to rise to about 3.2 M this year, although the value of Assets Non Current will most likely fall to about 1.6 M. The firm currently falls under 'Small-Cap' category with current market capitalization of 102.07 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CONTANGO ORE's market, we take the total number of its shares issued and multiply it by CONTANGO ORE'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.

Debt to Equity Ratio

0.59Share
CONTANGO ORE Debt to Equity Ratio is quite stable at the moment as compared to the past year. The company's current value of Debt to Equity Ratio is estimated at 0.59

Auryn Resources (AUG)

Auryn Resources has Return on Asset of (15.95) % which means that on every $100 spent on asset, it lost $15.95. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (27.31) %, meaning that it generated no profit with money invested by stockholders. Auryn Resources 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 October 28, 2020, Return on Average Assets is expected to decline to -0.35. In addition to that, Return on Average Equity is expected to decline to -0.39. Auryn Resources Current Assets are projected to decrease significantly based on the last few years of reporting. The past year's Current Assets were at 1.71 Million. The current year Tangible Assets Book Value per Share is expected to grow to 0.54, whereas Assets Non Current are forecasted to decline to about 40.4 M. The entity currently falls under 'Small-Cap' category with total capitalization of 263.46 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Auryn Resources's market, we take the total number of its shares issued and multiply it by Auryn Resources'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.

First Majestic Silver (AG)

First Majestic Silver has Return on Asset (ROA) of (0.45) % which means that for every 100 dollars spent on asset, it generated loss of $0.45. This is way below average. Likewise, it shows return on total equity (ROE) of (11.48) %, which implies that it produced no returns to current stockholders. First Majestic 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 October 28, 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 -0.07. The current year Tangible Assets Book Value per Share is expected to grow to 5.67, whereas Total Assets are forecasted to decline to about 946.8 M. This firm currently falls under 'Mid-Cap' category with market capitalization of 2.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Majestic's market, we take the total number of its shares issued and multiply it by First Majestic'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

191.79 MillionShare
First Majestic Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 177.75 Million

Current Precious Metals Recommendations

VolatilityHypeValuationAnalyst ConsensusFinancial LeverageOdds of DistressMacroaxis Advice
CTGO
Not Available
Not Suitable
CHNR
Not Available
Not Suitable
AUMN
Not Suitable
CRCUF
Not Available
Not Suitable

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.

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