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7 Industrial Metal Mining stocks to get rid of in October 2019

September 8, 2019  By
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
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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 Tangible 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 1.25 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.

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 Tangible Assets is likely to gain to 0.12 in 2024. Return On Capital Employed is likely to gain to 0.17 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 651.63 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.

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 Tangible Assets are very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0.12, 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 29th of April 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 1.81 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.

Avino Silver Gold (ASM)

At this time, Avino Silver's Return On Tangible Assets are very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0, while Return On Capital Employed is likely to drop (0.01). At this time, Avino Silver's Fixed Asset Turnover is very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0, while Other Assets are likely to drop 0.95. 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 'Small-Cap' category with a total capitalization of 101.14 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.

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 Tangible Assets is estimated to slide to -0.03. The value of Return On Capital Employed is expected to slide to -0.02. 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 3.15 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.

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.

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

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.
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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 Tangible 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 1.25 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.

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 Tangible Assets is likely to gain to 0.12 in 2024. Return On Capital Employed is likely to gain to 0.17 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 651.63 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.

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 Tangible Assets are very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0.12, 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 29th of April 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 1.81 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.

Avino Silver Gold (ASM)

At this time, Avino Silver's Return On Tangible Assets are very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0, while Return On Capital Employed is likely to drop (0.01). At this time, Avino Silver's Fixed Asset Turnover is very stable compared to the past year. As of the 29th of April 2024, Return On Assets is likely to grow to 0, while Other Assets are likely to drop 0.95. 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 'Small-Cap' category with a total capitalization of 101.14 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.

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 Tangible Assets is estimated to slide to -0.03. The value of Return On Capital Employed is expected to slide to -0.02. 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 3.15 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.

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Editorial Staff

Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce. View Profile
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