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Metals & Mining Analysts' Ratings & Estimates - Juniors
Monday November 18, 2013 10:37Junior Producers, Development/Advanced Exploration Stage
Iron Ore, Base Metals, Gold, Silver, Pt-Group Metals, Specialty Metals, Uranium, Coal, Fertilizers
| Iron Ore | Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | |||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Afferro Mining Inc (UK) | AFF | 1.5 | US$1.32 | 105 | $138 | (0.06) | (0.03) | (0.04) | -- | -- | -- | -- | -- | -- | Fe ore/Cameroon | |||||||||
| Alderon Iron Ore Corp | AXX | 1.9 | C$1.81 | 130 | $225 | (0.65) | (0.12) | (0.15) | (0.48) | 0.10 | -- | -- | -- | 18.1 | Fe ore/Canada | |||||||||
| Aquila Resources Ltd (AU) | AQA | 2.8 | AUD$2.16 | 412 | $832 | -- | -- | (0.04) | (0.07) | (0.01) | -- | -- | -- | -- | Fe ore/Australia | |||||||||
| Bellzone Mining PLC (UK) | BZM | 2.0 | US$0.05 | 730 | $39 | (0.07) | (0.04) | (0.06) | (0.07) | 0.05 | -- | -- | -- | 1.1 | Fe ore/Guinea | |||||||||
| Brockman Resources Ltd (AU) | BRM | -- | AUD$2.53 | 145 | $343 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Fe ore/Australia | |||||||||
| Champion Iron Mines Ltd (CN) | CHM | 2.9 | C$0.22 | 137 | $28 | -- | (0.04) | (0.17) | (0.44) | -- | -- | -- | -- | -- | Fe ore/Canada | |||||||||
| Equatorial Resources Ltd (CN) | EQX | 2.5 | AUD$0.80 | 122 | $91 | -- | -- | (0.04) | 0.10 | -- | -- | -- | 7.8 | -- | Fe ore/Republic of Congo | |||||||||
| Gindalbie Metals (AU) | GBG | 3.6 | AUD$0.14 | 1493 | $189 | -- | -- | 0.02 | 0.02 | 0.02 | -- | 8.4 | 5.8 | 8.4 | Fe ore/Australia | |||||||||
| Grange Resources Ltd (AU) | GRR | 3.6 | AUD$0.25 | 1156 | $265 | 0.03 | 0.02 | 0.02 | (0.00) | -- | 12.4 | 15.3 | -- | -- | Fe ore/Australia | |||||||||
| IRC Ltd (HK) | 1029 | 2.0 | US$0.10 | 4312 | $439 | (0.01) | (0.00) | 0.01 | 0.02 | -- | -- | 16.5 | 6.4 | -- | Fe ore/Russia | |||||||||
| Labrador Iron Mines (CN) | LIM | 3.0 | C$0.27 | 126 | $33 | -- | (0.62) | (0.17) | 0.06 | 0.11 | -- | -- | 4.5 | 2.5 | Fe ore/Canada | |||||||||
| London Mining PLC (UK) | LOND | 2.0 | US$1.98 | 138 | $274 | (0.27) | 0.17 | 0.53 | 0.49 | 0.50 | 11.7 | 3.8 | 4.0 | 4.0 | Fe ore/Sierra Leone | |||||||||
| Mesabi Trust | MSB | -- | US$23.83 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Fe ore royalty/US | |||||||||
| New Millenium Iron Corp (CN) | NML | 2.3 | C$0.70 | 180 | $121 | (0.05) | (0.04) | (0.02) | (0.06) | -- | -- | -- | -- | -- | Fe ore/Canada | |||||||||
| Sundance Resources Ltd (AU) | SDL | 1.5 | AUD$0.12 | 3073 | $345 | -- | -- | (0.00) | -- | -- | -- | -- | -- | -- | Fe ore/Cameroon | |||||||||
| Average | 12.0 | 11.0 | 5.7 | 6.8 | ||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Small-Cap Base Metals | ||||||||||||||||||||||||
| Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | ||||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Anglo Pacific Group PLC (UK) | APF | 1.8 | GBP$2.17 | 111 | $386 | 0.09 | 0.10 | 0.11 | 11.30 | -- | 20.9 | 19.0 | 19.2 | -- | Royalties | |||||||||
| Augusta Resource Corp | AZC | 2.3 | US$1.74 | 144 | $251 | (0.07) | (0.06) | (0.03) | (0.08) | 0.72 | -- | -- | -- | 2.4 | Cu/US | |||||||||
| CITIC Dameng Holdings Ltd (HK) | 1091 | 2.0 | HK$0.59 | 3025 | $230 | (0.13) | (0.07) | 0.05 | 0.09 | -- | -- | 12.8 | 6.7 | -- | Mn/China | |||||||||
| Copper Mountain Mining (CN) | CUM | 2.1 | C$1.66 | 99 | $157 | 0.28 | 0.14 | 0.40 | 0.46 | 0.41 | 11.6 | 4.2 | 3.6 | 4.1 | Cu, Au/Canada | |||||||||
| CST Mining Group Ltd (HK) | 985 | 3.0 | US$0.01 | 27098 | $262 | -- | -- | 0.00 | 0.00 | -- | -- | 43.0 | 32.2 | -- | Cu/Peru, Australia | |||||||||
| Duluth Metals Ltd (CN) | DM | 2.3 | C$1.04 | 126 | $125 | (0.32) | (0.31) | (0.21) | -- | -- | -- | -- | -- | -- | Cu, Ni/US | |||||||||
| General Moly | GMO | 3.7 | US$1.43 | 92 | $131 | (0.13) | (0.12) | (0.08) | (0.38) | -- | -- | -- | -- | -- | Mo/US | |||||||||
| Ivanhoe Australia Ltd (AU) | IVA | 3.0 | AUD$0.22 | 730 | $147 | (0.19) | (0.05) | 0.00 | 0.00 | -- | -- | -- | -- | -- | Cu, Mo/Australia | |||||||||
| Katanga Mining Ltd (CN) | KAT | 3.0 | US$0.46 | 1907 | $876 | 0.02 | 0.00 | 0.05 | -- | -- | -- | 8.4 | -- | -- | Cu, Co/DR Congo | |||||||||
| Kenmare Resources (UK) | KMR | 2.1 | US$0.34 | 2781 | $938 | 0.02 | (0.01) | 0.04 | 0.06 | 0.07 | -- | 9.3 | 5.8 | 4.6 | Ti sands/Mozambique | |||||||||
| Lumina Copper Corp (CN) | LCC | 1.5 | C$5.52 | 44 | $231 | (0.09) | (0.03) | (0.04) | (0.09) | (0.06) | -- | -- | -- | -- | Cu/Argentina | |||||||||
| Metals X Ltd (AU) | MLX | 1.0 | AUD$0.16 | 1653 | $248 | -- | -- | 0.03 | 0.03 | -- | -- | 6.4 | 6.4 | -- | Sn, Ni/Australia | |||||||||
| Mineral Deposits Ltd (AU) | MDL | 2.0 | US$2.51 | 84 | $210 | 0.32 | 0.16 | 0.27 | 0.90 | 1.07 | 15.7 | 9.3 | 2.8 | 2.3 | Ti sands/Senegal | |||||||||
| NGEx Resources Inc (CN) | NGQ | 1.8 | C$1.76 | 169 | $284 | -- | (0.21) | -- | -- | -- | -- | -- | -- | -- | Cu, Au/Chile, Canada | |||||||||
| Northern Dynasty Minerals | NAK | 3.5 | C$1.33 | 95 | $121 | -- | (0.07) | (0.05) | (0.05) | (0.07) | -- | -- | -- | -- | Cu, Au/US | |||||||||
| Perilya Ltd (AU) | PEM | 3.0 | AUD$0.34 | 769 | $245 | 0.04 | (0.01) | 0.03 | 0.05 | -- | -- | 10.3 | 6.5 | -- | Cu, Zn, Pb/Australia, Domincan Rep | |||||||||
| Sandfire Resources NL (AU) | SFR | 2.8 | AUD$5.81 | 156 | $846 | -- | -- | 0.80 | 0.87 | 0.91 | -- | 7.3 | 6.7 | 6.4 | Cu, Au/Australia | |||||||||
| Sierra Metals (CN) | SMT | 3.0 | C$2.05 | 158 | $309 | (0.17) | (0.14) | 0.18 | (0.08) | 0.24 | -- | 11.4 | -- | 8.5 | Ag, Cu, Pb, Zn/Mexico, Peru | |||||||||
| Sirius Resources NL (AU) | SIR | 2.0 | AUD$2.54 | 262 | $623 | -- | -- | (0.07) | (0.08) | 0.06 | -- | -- | -- | 39.3 | Ni, Cu/Australia | |||||||||
| Talvivaara Mining Co (UK) | TALV | 4.6 | EUR$0.04 | 1906 | $107 | (0.10) | (0.05) | (0.03) | (0.00) | 0.03 | -- | -- | -- | 1.4 | Ni/Finland | |||||||||
| Average | 16.1 | 12.9 | 10.0 | 8.6 | ||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Micro-Cap Base Metals | ||||||||||||||||||||||||
| Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | ||||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Aditya Birla Minerals Ltd (AU) | ABY | -- | AUD$0.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu/Australia | |||||||||
| Altona Mining Ltd (AU) | AOH | 2.0 | AUD$0.14 | 532 | $72 | -- | -- | 0.03 | 0.05 | 0.07 | -- | 5.6 | 3.2 | 2.0 | Cu, Ni/Finland, Australia | |||||||||
| Amerigo Resources Ltd (CN) | ARG | 1.5 | US$0.34 | 172 | $59 | (0.05) | 0.03 | 0.04 | 0.03 | 0.01 | 13.8 | 8.6 | 13.8 | 34.4 | Cu/Chile | |||||||||
| Argex Titanium (CN) | RGX | 2.0 | C$0.79 | 132 | $100 | (0.05) | -- | -- | -- | -- | -- | -- | -- | -- | Ti/Canada | |||||||||
| Aura Minerals Inc (CN) | ORA | 3.0 | US$0.13 | 228 | $31 | (0.25) | (0.16) | 0.02 | (0.09) | -- | -- | 8.9 | -- | -- | Cu, Au/Brazil, Mexico | |||||||||
| Avanti Mining (CN) | AVT | -- | C$0.05 | -- | -- | (0.01) | -- | -- | -- | -- | -- | -- | -- | -- | Mo/Canada | |||||||||
| Candente Copper Corp (CN) | DNT | 3.3 | US$0.23 | 134 | $31 | (0.03) | (0.01) | (0.05) | (0.01) | 0.00 | -- | -- | -- | -- | Cu/Peru | |||||||||
| China Mining Resources (HK) | 340 | -- | HK$0.10 | 9139 | $113 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Mo/China | |||||||||
| Curis Resources Ltd (CN) | CUV | 1.7 | C$0.57 | 63 | $34 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu/US | |||||||||
| Discovery Metals Ltd (AU) | DML | 3.5 | US$0.06 | 560 | $36 | -- | -- | 0.01 | 0.01 | -- | -- | 8.0 | 5.3 | -- | Cu/Botswana | |||||||||
| Entrée Gold | EGI | 3.0 | C$0.35 | 147 | $50 | (0.12) | (0.09) | (0.05) | (0.05) | -- | -- | -- | -- | -- | Cu, Au/Mongolia | |||||||||
| Griffin Mining Ltd (UK) | GFM | 1.5 | GBP$0.33 | 179 | $94 | 0.05 | 0.04 | 0.06 | 12.64 | -- | 8.6 | 5.1 | 2.6 | -- | Zn/China | |||||||||
| Hillgrove Resources Ltd (AU) | HGO | 2.3 | AUD$0.09 | 1179 | $98 | -- | 0.01 | 0.01 | 0.01 | -- | 17.8 | 9.5 | 6.8 | -- | Cu, Au/Australia, Indonesia | |||||||||
| Ivernia | IVW | 1.5 | US$0.12 | 756 | $94 | (0.01) | (0.04) | 0.05 | 0.07 | 0.05 | -- | 2.8 | 1.9 | 2.5 | Pb/Australia | |||||||||
| Kagara Ltd (AU) | KZL | -- | AUD$0.12 | 799 | $90 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Zn/Australia | |||||||||
| Largo Resources (CN) | LGO | 1.8 | C$0.23 | 897 | $197 | -- | (0.01) | (0.02) | 0.04 | 0.07 | -- | -- | 5.3 | 3.5 | V/Brazil | |||||||||
| Marengo Mining Ltd (AU) | MMC | 3.0 | AUD$0.02 | 1138 | $20 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu, Mo/PNG | |||||||||
| Mawson West Ltd (CN) | MWE | 1.0 | AUD$0.50 | 168 | $84 | (0.17) | 0.11 | 0.27 | 0.37 | 0.05 | 4.4 | 1.8 | 1.3 | 9.9 | Cu./DR Congo | |||||||||
| Mercator Minerals Ltd (CN) | ML | 3.0 | US$0.06 | 316 | $18 | 0.00 | (0.06) | 0.01 | 0.01 | 0.04 | -- | 8.1 | 6.5 | 1.6 | Cu, Mo/US, Mexico | |||||||||
| Mincor Resources NL (AU) | MCR | 3.3 | AUD$0.55 | 188 | $97 | -- | -- | 0.00 | 0.02 | -- | -- | NM | 35.5 | -- | Ni, Au/Australia | |||||||||
| Nautilus Minerals (CN) | NUS | 2.0 | US$0.31 | 441 | $135 | (0.13) | (0.04) | (0.05) | (0.04) | -- | -- | -- | -- | -- | seafloor Cu, Pb, Zn, Au, Ag/PNG | |||||||||
| Nevada Copper Corp (CN) | NCU | 1.6 | C$1.63 | 81 | $126 | -- | (0.07) | -- | -- | -- | -- | -- | -- | -- | Cu/US | |||||||||
| Noront Resources Ltd (CN) | NOT | -- | C$0.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Ni/Canada | |||||||||
| OM Holdings Ltd (AU) | OMH | -- | AUD$0.35 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Mn/Australia | |||||||||
| Orbite Aluminae Inc (CN) | ORT | 2.8 | C$0.50 | 199 | $94 | (0.09) | (0.03) | (0.07) | 0.01 | (0.03) | -- | -- | 49.5 | -- | bauxite/Canada | |||||||||
| Panoramic Resources Ltd (AU) | PAN | 2.5 | AUD$0.26 | 263 | $64 | -- | -- | (0.01) | 0.06 | 0.07 | -- | -- | 4.6 | 3.8 | Ni/Australia | |||||||||
| PolyMet Mining Corp | PLM | -- | C$0.87 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu, Ni/US | |||||||||
| Prophecy Platinum Corp (CN) | NKL | 1.5 | C$0.52 | 77 | $38 | -- | -- | (0.18) | -- | -- | -- | -- | -- | -- | Ni, Cu, Pt, Pd/Canada | |||||||||
| Redhawk Resources (CN) | RDK | -- | C$0.26 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu/US | |||||||||
| Rex Minerals Ltd (AU) | RXM | 3.0 | AUD$0.46 | 189 | $81 | -- | -- | (0.02) | (0.02) | 0.10 | -- | -- | -- | 4.6 | Cu/Australia | |||||||||
| Royal Nickel (CN) | RNC | 2.2 | C$0.30 | 94 | $27 | (0.10) | (0.08) | (0.05) | (0.05) | (0.04) | -- | -- | -- | -- | Ni/Canada | |||||||||
| Selwyn Resources (CN) | SWN | -- | C$0.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Zn, Pb/Canada | |||||||||
| Tirex Resources Ltd | TXX | 1.0 | C$0.22 | 76 | $16 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Cu, Zn, Au, Ag/Albania | |||||||||
| Trevali Mining Corp (CN) | TV | 1.7 | C$0.79 | 224 | $169 | (0.04) | (0.03) | 0.09 | 0.25 | 0.31 | -- | 8.6 | 3.2 | 2.6 | Zn, Pb, Cu, Ag/Canada, Peru | |||||||||
| Western Copper Corp | WRN | 2.0 | C$0.67 | 94 | $60 | (0.04) | (0.02) | (0.04) | (0.04) | -- | -- | -- | -- | -- | Cu/Canada | |||||||||
| Xinjiang Xinxin Mining (HK) | 3833 | 3.0 | CNY$0.95 | 759 | $118 | 0.01 | 0.01 | 0.05 | 0.04 | -- | 73.1 | 19.8 | 22.6 | -- | Ni, Cu, Co/China | |||||||||
| Zazu Metals Corp (CN) | ZAZ | 2.0 | US$0.56 | 46 | $26 | (0.03) | (0.03) | (0.03) | (0.03) | (0.07) | -- | -- | -- | -- | Zn,Pb, Ag/US | |||||||||
| Average | 23.5 | 7.9 | 11.6 | 7.2 | ||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Small-Cap Gold | Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | |||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Argonaut Gold Ltd (CN) | AR | 1.9 | US$5.43 | 149 | $810 | 0.68 | 0.22 | 0.27 | 0.42 | 0.61 | 25.0 | 19.9 | 12.8 | 8.8 | Au/Mexico | |||||||||
| Asanko Gold | AKG | 2.3 | C$2.20 | 85 | $179 | -- | (0.05) | (0.01) | 0.00 | 0.24 | -- | -- | NM | 9.2 | Au/Ghana | |||||||||
| Banro Corp | BAA | 2.8 | US$0.73 | 252 | $183 | 0.00 | 0.01 | 0.07 | 0.10 | 0.25 | 90.9 | 10.9 | 7.6 | 2.9 | Au/DR Congo | |||||||||
| Beadell Resources Ltd (AU) | BDR | 2.0 | AUD$0.89 | 791 | $662 | (0.06) | 0.15 | 0.18 | 0.11 | 0.10 | 6.1 | 4.9 | 8.0 | 9.4 | Au/Brazil | |||||||||
| Belo Sun Mining (CN) | BSX | 1.9 | C$0.44 | 266 | $112 | (0.21) | (0.11) | (0.06) | (0.05) | 0.18 | -- | -- | -- | 2.5 | Au/Brazil | |||||||||
| Chesapeake Gold Corp (CN) | CKG | 1.5 | C$3.40 | 44 | $144 | (0.21) | (0.08) | (0.20) | (0.07) | -- | -- | -- | -- | -- | Au/Mexico | |||||||||
| Continental Gold Ltd (CN) | CNL | 1.9 | US$2.81 | 127 | $356 | (0.07) | (0.13) | (0.15) | (0.04) | 0.52 | -- | -- | -- | 5.4 | Au/Colombia | |||||||||
| Detour Gold Corp (CN) | DGC | 2.1 | US$5.32 | 138 | $735 | (0.34) | (0.38) | 0.24 | 0.64 | 0.93 | -- | 22.0 | 8.3 | 5.7 | Au/Canada | |||||||||
| DRDGold Ltd (ADR) | DROOY | 2.7 | ZAR$4.93 | 385 | $186 | -- | -- | 0.35 | 0.41 | -- | -- | 14.1 | 11.9 | -- | Au/South Africa | |||||||||
| Dundee Precious Metals (CN) | DPM | 2.1 | US$4.07 | 139 | $565 | 0.65 | 0.27 | 0.55 | 0.59 | 0.52 | 14.9 | 7.4 | 6.9 | 7.8 | Au/Bulgaria | |||||||||
| Endeavour Mining Corp (CN) | EDV | 1.8 | US$0.58 | 412 | $241 | (0.06) | (0.03) | (0.07) | (0.02) | 0.09 | -- | -- | -- | 6.5 | Au/Mali, Ghana, Burkina Faso | |||||||||
| Evolution Mining Ltd (AU) | EVN | 3.0 | AUD$0.75 | 709 | $497 | -- | -- | 0.10 | 0.12 | 0.08 | -- | 7.5 | 6.5 | 9.9 | Au/Australia | |||||||||
| Focus Minerals Ltd (AU) | FML | 3.0 | AUD$0.01 | 9137 | $103 | -- | -- | (0.00) | (0.00) | -- | -- | -- | -- | -- | Au/Australia | |||||||||
| G-Resources Group Ltd (HK) | 1051 | 2.1 | US$0.03 | 26490 | $782 | -- | -- | 0.00 | 0.01 | -- | -- | 7.9 | 5.5 | -- | Au/Indonesia | |||||||||
| Gabriel Resources Ltd (CN) | GBU | 3.2 | C$0.86 | 384 | $316 | (0.03) | (0.02) | (0.02) | (0.03) | -- | -- | -- | -- | -- | Au/Romania | |||||||||
| Gold One International Ltd (AU) | GDO | 1.3 | AUD$0.21 | 1422 | $279 | (0.03) | 0.00 | 0.03 | 0.04 | -- | NM | 7.4 | 5.4 | -- | Au/South Africa | |||||||||
| Golden Star Resources | GSS | 3.9 | US$0.52 | 259 | $136 | 0.02 | (0.13) | (0.07) | (0.03) | 0.09 | -- | -- | -- | 6.2 | Au/Ghana | |||||||||
| Guyana Goldfields Inc (CN) | GUY | 2.0 | C$2.10 | 126 | $253 | (0.11) | (0.08) | (0.07) | 0.17 | -- | -- | -- | 12.3 | -- | Au/Guyana | |||||||||
| International Minerals Corp (CN) | IMZ | 3.0 | US$2.64 | 118 | $311 | -- | (0.01) | 0.04 | -- | -- | -- | 66.0 | -- | -- | Au, Ag/Peru, Ecuador | |||||||||
| Kingsrose Mining Ltd (AU) | KRM | 3.0 | AUD$0.39 | 336 | $123 | -- | -- | 0.05 | 0.07 | 0.07 | -- | 7.4 | 6.0 | 5.3 | Au/Indonesia | |||||||||
| Luna Gold Corp (CN) | LGC | 1.8 | US$1.43 | 105 | $150 | 0.12 | 0.15 | 0.22 | 0.26 | 0.38 | 9.7 | 6.5 | 5.5 | 3.8 | Au/Brazil | |||||||||
| McEwen Mining Inc. | UXG | 2.0 | US$2.08 | 264 | $548 | (0.25) | 0.01 | 0.10 | 0.30 | -- | NM | 20.8 | 6.9 | -- | Au, Ag/Mexico, US | |||||||||
| Northern Star Resources (AU) | NST | 2.1 | AUD$0.78 | 424 | $310 | -- | -- | 0.07 | 0.08 | -- | -- | 10.4 | 10.2 | -- | Au/Australia | |||||||||
| Novagold Resources Inc | NG | 3.0 | C$2.47 | 317 | $748 | (0.04) | (0.15) | (0.08) | (0.08) | -- | -- | -- | -- | -- | Au/Alaska, Canada | |||||||||
| Oceanagold Corp (AU) | OGC | 2.0 | US$1.82 | 294 | $533 | 0.10 | 0.19 | 0.20 | 0.22 | 0.23 | 9.8 | 9.2 | 8.1 | 7.9 | Au/Australia, NZ, Philippines | |||||||||
| Premier Gold Mines Ltd (CN) | PG | 1.6 | C$2.02 | 151 | $292 | (0.09) | (0.07) | (0.06) | (0.04) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Pretium Resources | PVG | 2.2 | C$3.26 | 105 | $328 | (0.17) | (0.14) | (0.13) | (0.10) | 0.44 | -- | -- | -- | 7.4 | Au, Ag, Cu/Canada | |||||||||
| Pan African Resources (UK) | PAF | 2.0 | GBP$0.14 | 1828 | $404 | -- | -- | 0.02 | 1.57 | -- | -- | 6.6 | 8.8 | -- | Au/Mozambique, South Africa | |||||||||
| Paramount Gold & Silver Corp | PZG | 2.0 | US$1.20 | 156 | $187 | -- | -- | (0.06) | -- | -- | -- | -- | -- | -- | Au, Ag, Zn, Pb/Mexico | |||||||||
| Primero Mining Corp (CN) | P | 1.7 | US$5.62 | 116 | $650 | 0.45 | 0.34 | 0.33 | 0.40 | 0.67 | 16.7 | 17.1 | 14.0 | 8.4 | Au/Mexico | |||||||||
| Resolute Mining Ltd (AU) | RSG | 2.3 | AUD$0.58 | 641 | $351 | -- | -- | 0.10 | 0.10 | 0.06 | -- | 5.8 | 5.7 | 9.4 | Au/Tanzania, Australia | |||||||||
| Romarco Minerals Inc (CN) | R | 2.3 | C$0.41 | 586 | $227 | (0.02) | (0.02) | (0.02) | (0.01) | (0.02) | -- | -- | -- | -- | Au/US | |||||||||
| Rubicon Minerals Corp | RBY | 2.0 | C$1.28 | 289 | $354 | (0.04) | (0.04) | (0.02) | 0.05 | -- | -- | -- | 25.7 | -- | Au/Canada | |||||||||
| St Barbara Ltd (AU) | SBM | 2.8 | AUD$0.36 | 488 | $164 | -- | -- | 0.00 | 0.03 | -- | -- | NM | 11.9 | -- | Au/Australia | |||||||||
| Sandstorm Gold Ltd (CN) | SAND | 2.1 | US$5.09 | 100 | $508 | 0.20 | 0.04 | 0.18 | 0.21 | 0.26 | NM | 29.0 | 24.2 | 19.6 | Au production stream financing | |||||||||
| Saracen Mineral Holdings (AU) | SAR | 2.5 | AUD$0.22 | 595 | $125 | -- | -- | 0.06 | 0.06 | 0.15 | -- | 4.0 | 3.7 | 1.5 | Au/Australia | |||||||||
| Seabridge Gold | SA | 2.0 | US$8.35 | 46 | $381 | (0.29) | (0.22) | (0.25) | (0.26) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Silver Lake Resources (AU) | SLR | 3.4 | AUD$0.67 | 438 | $274 | -- | -- | 0.04 | 0.08 | 0.13 | -- | 16.1 | 8.2 | 5.2 | Au/Australia | |||||||||
| Sulliden Gold Corp (CN) | SUE | 2.0 | C$0.79 | 310 | $235 | -- | (0.02) | (0.01) | 0.11 | 0.15 | -- | -- | 7.5 | 5.4 | Au/Peru | |||||||||
| Teranga Gold Corp (CN) | TGZ | 2.4 | US$0.57 | 317 | $182 | 0.38 | 0.19 | 0.10 | (0.00) | 0.37 | 3.0 | 5.7 | -- | 1.6 | Au/Senegal | |||||||||
| Timmins Gold Corp | TGD | 2.4 | US$1.26 | 144 | $182 | 0.25 | 0.22 | 0.16 | 0.18 | 0.18 | 5.7 | 7.7 | 7.0 | 6.9 | Au/Mexico | |||||||||
| Torex Gold Resources (CN) | TXG | 2.1 | C$1.05 | 607 | $609 | -- | (0.09) | (0.06) | (0.00) | 0.05 | -- | -- | -- | 20.6 | Au/Mexico | |||||||||
| Virginia Mines Inc (CN) | VGQ | 2.0 | C$10.67 | 33 | $337 | -- | (0.14) | (0.16) | (0.15) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Average | 20.2 | 13.7 | 9.5 | 7.4 | ||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Micro-Cap Gold | Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | |||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Amara Mining PLC (UK) | AMA | 1.8 | US$0.22 | 168 | $37 | 0.03 | (0.06) | 0.02 | (0.00) | -- | -- | 9.7 | -- | -- | Au/Cote d'Ivoire, Burkina Faso | |||||||||
| Ampella Mining Ltd (AU) | AMX | 2.2 | AUD$0.10 | 248 | $23 | (0.16) | (0.08) | (0.05) | (0.04) | (0.04) | -- | -- | -- | -- | Au/Burkina Faso | |||||||||
| ATAC Resources Ltd (CN) | ATC | 2.0 | C$0.73 | 113 | $79 | (0.07) | (0.03) | (0.04) | (0.04) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Atacama Pacific Gold Corp (CN) | ATM | 1.5 | C$1.01 | 51 | $49 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Chile | |||||||||
| Atna Resources (CN) | ATN | 3.0 | US$0.12 | 182 | $22 | 0.05 | (0.01) | 0.02 | (0.02) | 0.14 | -- | 8.0 | -- | 0.9 | Au/US | |||||||||
| Aureus Mining Inc (UK) | AUE | 1.7 | US$0.58 | 252 | $146 | (0.04) | (0.02) | (0.03) | 0.02 | 0.06 | -- | -- | 29.5 | 9.6 | Au/Liberia, Sierra Leone | |||||||||
| Avocet Mining (UK) | AVM | 2.2 | US$0.23 | 200 | $46 | 0.04 | (0.15) | (0.08) | (0.08) | 0.00 | -- | -- | -- | -- | Au/Burkina Faso | |||||||||
| Balmoral Resources Ltd (CN) | BAR | 2.0 | C$0.38 | 98 | $36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Brazil Resources (CN) | BRI | -- | C$0.75 | 43 | $31 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Brazil | |||||||||
| Brigus Gold Corp | BRD | 1.8 | US$0.68 | 232 | $158 | 0.10 | 0.08 | 0.07 | 0.04 | 0.05 | 8.6 | 9.6 | 19.4 | 15.1 | Au/Canada | |||||||||
| Carpathian Gold (CN) | CPN | 2.7 | US$0.06 | 694 | $40 | (0.02) | (0.01) | 0.03 | 0.04 | -- | -- | 2.1 | 1.6 | -- | Au/Brazil, Romania | |||||||||
| Chalice Gold Mines Ltd (AU) | CHN | -- | AUD$0.16 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Eritrea | |||||||||
| Claude Resources | CGR | 3.3 | C$0.17 | 176 | $29 | 0.03 | (0.04) | (0.01) | 0.08 | 0.13 | -- | -- | 2.3 | 1.3 | Au/Canada | |||||||||
| Colossus Minerals Ltd (CN) | CSI | 3.5 | C$0.20 | 176 | $34 | (0.28) | (0.11) | 0.12 | 0.54 | 0.17 | -- | 1.8 | 0.4 | 1.2 | Au/Brazil | |||||||||
| Colt Resources (CN) | GTP | 1.5 | C$0.33 | 159 | $50 | (0.08) | -- | -- | -- | -- | -- | -- | -- | -- | Au, W/Portugal | |||||||||
| Corvus Gold (CN) | KOR | 3.0 | C$1.20 | 65 | $75 | -- | -- | (0.03) | (0.03) | 0.13 | -- | -- | -- | 9.5 | Au/US | |||||||||
| Crocodile Gold Corp (CN) | CRK | -- | C$0.14 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Australia | |||||||||
| Doray Minerals (AU) | DRM | 1.3 | AUD$0.67 | 142 | $89 | -- | -- | 0.19 | 0.14 | 0.08 | -- | 3.5 | 4.8 | 7.9 | Au/Australia | |||||||||
| Dynasty Metals & Mining (CN) | DMM | -- | C$0.85 | 42 | $35 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Ecuador | |||||||||
| Eastmain Resouces Inc (CN) | ER | 1.8 | C$0.33 | 107 | $34 | 0.01 | (0.01) | (0.01) | -- | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Eco Oro Minerals Corp (CN) | EOM | 3.0 | C$0.43 | 84 | $35 | (0.42) | (0.05) | (0.01) | -- | -- | -- | -- | -- | -- | Au/Colombia | |||||||||
| Exeter Resource Corp | XRA | 2.7 | C$0.81 | 88 | $69 | (0.29) | (0.15) | (0.08) | -- | -- | -- | -- | -- | -- | Au/Chile | |||||||||
| Gold Canyon Resources (CN) | GCU | 2.3 | C$0.33 | 149 | $47 | (0.11) | (0.05) | (0.04) | (0.03) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Gold Standard Ventures | GSV | 2.0 | C$0.90 | 90 | $77 | (0.07) | (0.07) | (0.06) | (0.06) | -- | -- | -- | -- | -- | Au/US | |||||||||
| Goldrock Mines Corp (CN) | GRM | 2.0 | C$0.39 | 68 | $25 | -- | -- | (0.02) | 0.02 | -- | -- | -- | 26.0 | -- | Au/Argentina | |||||||||
| Gryphon Minerals Ltd (AU) | GRY | 2.3 | AUD$0.14 | 401 | $51 | -- | -- | (0.02) | 0.02 | 0.05 | -- | -- | 6.9 | 2.7 | Au/Burkina Faso | |||||||||
| International Tower Hill | THM | 4.0 | C$0.42 | 98 | $39 | (0.62) | (0.16) | (0.06) | 0.00 | (0.01) | -- | -- | -- | -- | Au/US | |||||||||
| Intrepid Mines Ltd (AU) | IAU | 2.0 | US$0.25 | 556 | $141 | (0.08) | (0.01) | (0.01) | (0.01) | (0.01) | -- | -- | -- | -- | Au/Australia | |||||||||
| Kaminak Gold Corp (CN) | KAM | 2.0 | C$0.51 | 88 | $43 | (0.06) | -- | (0.03) | -- | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Klondex Mines Ltd (CN) | KDX | 1.8 | C$1.65 | 65 | $103 | -- | 0.01 | 0.24 | 0.49 | 0.62 | NM | 6.8 | 3.4 | 2.7 | Au/US | |||||||||
| Lingbao Gold Co Ltd (HK) | 3330 | 4.0 | CNY$1.40 | 297 | $68 | 0.21 | (0.52) | (0.07) | (0.02) | -- | -- | -- | -- | -- | Au/China | |||||||||
| Lydian International (CN) | LYD | 2.3 | GBP$0.01 | 130 | $95 | (0.00) | (0.00) | (0.00) | (0.00) | 0.03 | -- | -- | -- | 24.2 | Au/Armenia | |||||||||
| Marlin Gold Mining Co (CN) | MLN | 2.0 | CNY$0.09 | 680 | $55 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Mexico | |||||||||
| Midway Gold Corp | MDW | 1.8 | C$0.93 | 131 | $116 | (0.13) | (0.04) | (0.11) | 0.06 | 0.11 | -- | -- | 14.4 | 8.7 | Au/US | |||||||||
| Minera IRL Ltd (UK) | MIRL | 1.5 | US$0.19 | 183 | $35 | 0.02 | (0.04) | 0.00 | 0.04 | 0.10 | -- | 68.0 | 4.9 | 1.9 | Au/Peru, Argentina | |||||||||
| Orca Gold (CN) | ORG | 2.0 | C$0.40 | 107 | $41 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Sudan | |||||||||
| Orezone Gold Corp (CN) | ORE | 2.2 | C$0.56 | 86 | $48 | (0.36) | (0.19) | (0.09) | (0.09) | -- | -- | -- | -- | -- | Au/Bukina Faso | |||||||||
| Orvana Minerals Corp (CN) | ORV | 1.0 | US$0.42 | 137 | $57 | 0.18 | 0.23 | 0.22 | -- | -- | 1.8 | 1.9 | -- | -- | Au, Cu/Spain, Bolivia, US | |||||||||
| Petaquilla Minerals Ltd (CN) | PTQ | 2.0 | C$0.37 | 222 | $79 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au, Cu/Panama, Spain | |||||||||
| Probe Mines Ltd (CN) | PRB | 1.8 | C$2.31 | 76 | $167 | -- | (0.20) | (0.06) | 0.21 | 0.47 | -- | -- | 11.0 | 4.9 | Au/Canada | |||||||||
| Richmont Mines | RIC | 2.5 | C$1.24 | 40 | $47 | (0.04) | (0.14) | 0.12 | -- | -- | -- | 10.3 | -- | -- | Au/Canada | |||||||||
| St Andrew Goldfields Ltd (CN) | SAS | 1.8 | C$0.25 | 368 | $90 | 0.05 | 0.07 | 0.06 | 0.02 | -- | 3.9 | 4.2 | 12.7 | -- | Au/Canada | |||||||||
| San Gold Corp (CN) | SGR | 3.8 | C$0.12 | 372 | $43 | (0.04) | (0.09) | (0.07) | (0.13) | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Sandspring Resources Ltd (CN) | SSP | 1.0 | C$0.23 | 132 | $29 | -- | 0.01 | (0.03) | -- | -- | 21.9 | -- | -- | -- | Au/Guyana | |||||||||
| Sunward Resources Ltd (CN) | SWD | 2.0 | C$0.23 | 142 | $31 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Colombia | |||||||||
| Treasury Metals (CN) | TML | -- | C$0.35 | 65 | $22 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Au/Canada | |||||||||
| Troy Resources (AU) | TRY | 3.5 | AUD$0.55 | 106 | $56 | (0.43) | (0.02) | 0.08 | -- | -- | -- | 6.9 | -- | -- | Au/Australia | |||||||||
| True Gold Mining (CN) | TGM | 2.0 | C$0.31 | 264 | $78 | -- | (0.04) | (0.04) | (0.03) | 0.12 | -- | -- | -- | 2.6 | Au/Burkina Faso | |||||||||
| Victoria Gold Corp (CN) | VIT | 2.4 | C$0.10 | 340 | $34 | -- | 0.01 | (0.05) | -- | -- | 9.6 | -- | -- | -- | Au/Canada, US | |||||||||
| Vista Gold Corp | VGZ | 3.0 | US$0.45 | 82 | $37 | (0.85) | -- | -- | -- | -- | -- | -- | -- | -- | Au/Australia, Mexico, US | |||||||||
| Volta Resources (CN) | VTR | 2.0 | C$0.34 | 155 | $51 | (0.05) | (0.07) | (0.18) | 0.02 | -- | -- | -- | 23.0 | -- | Au/Burkina Faso, Ghana | |||||||||
| Wesdome Gold Mines Ltd (CN) | WDO | 3.5 | C$0.55 | 106 | $56 | (0.43) | (0.02) | 0.08 | -- | -- | -- | 6.9 | -- | -- | Au/Canada | |||||||||
| Witwatersrand Gold (SA) | WGR | 1.0 | ZAR$8.25 | 34 | $28 | (0.53) | (0.85) | (0.90) | (11.84) | -- | -- | -- | -- | -- | Au/South Africa | |||||||||
| Average | 9.2 | 10.8 | 11.5 | 6.7 | ||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Silver | Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | |||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Aurcana Corp (CN) | AUN | 3.0 | C$1.58 | 58 | $92 | 0.02 | (0.14) | 0.14 | 0.20 | 0.39 | -- | 11.1 | 7.7 | 4.0 | Ag/Mexico, US | |||||||||
| Bear Creek Mining Corp (CN) | BCM | 2.2 | US$1.96 | 93 | $182 | (0.27) | (0.23) | (0.14) | (0.13) | -- | -- | -- | -- | -- | Ag/Peru | |||||||||
| Excellon Resources (CN) | EXN | -- | C$1.20 | 55 | $63 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Ag, Pb, Zn/Mexico | |||||||||
| Golden Minerals Co | AUMN | 3.3 | US$0.56 | 43 | $24 | (0.89) | (0.52) | (0.32) | 0.12 | -- | -- | -- | 4.6 | -- | Ag/Argentina, Mexico | |||||||||
| Mag Silver Corp | MVG | 1.8 | C$5.40 | 60 | $325 | (0.14) | (0.29) | (0.19) | (0.19) | (0.11) | -- | -- | -- | -- | Ag/Mexico | |||||||||
| Minco Silver Corp (CN) | MSV | 4.0 | C$0.73 | 59 | $41 | (0.08) | (0.06) | (0.07) | -- | -- | -- | -- | -- | -- | Ag/China | |||||||||
| Revett Minerals | RVM | 3.0 | US$0.62 | 35 | $22 | 0.18 | (0.35) | (0.12) | 0.04 | -- | -- | -- | 15.5 | -- | Ag, Cu/US | |||||||||
| Sabina Gold & Silver Corp (CN) | SBB | 2.4 | C$0.78 | 194 | $145 | (0.06) | (0.03) | (0.02) | (0.02) | (0.04) | -- | -- | -- | -- | Ag, Zn/Canada | |||||||||
| SantaCruz Silver Mining Ltd (CN) | SCZ | 1.5 | US$1.05 | 91 | $96 | (0.33) | (0.03) | 0.10 | 0.20 | 0.36 | -- | 10.5 | 5.4 | 2.9 | Ag/Mexico | |||||||||
| Scorpio Mining Corp (CN) | SPM | 1.3 | C$0.22 | 199 | $42 | 0.04 | 0.01 | 0.05 | 0.12 | -- | 21.5 | 4.2 | 1.9 | -- | Ag, Zn/Mexico | |||||||||
| Silver Bull Resources | SVBL | 2.0 | US$0.33 | 159 | $53 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Ag, Zn/Mexico | |||||||||
| South American Silver Corp (CN) | SAC | -- | US$0.45 | 115 | $52 | (0.09) | -- | -- | -- | -- | -- | -- | -- | -- | Ag/Bolivia | |||||||||
| US Silver & Gold (CN) | USA | 2.8 | C$0.41 | 70 | $28 | 0.08 | (0.17) | (0.01) | 0.03 | -- | -- | -- | 13.2 | -- | Ag/US | |||||||||
| Wildcat Silver Corp (CN) | WS | 2.0 | C$0.38 | 143 | $52 | -- | -- | -- | -- | -- | -- | -- | -- | -- | Ag/US | |||||||||
| Average | 21.5 | 8.6 | 8.1 | 3.5 | ||||||||||||||||||||
| Platinum Group Metals | ||||||||||||||||||||||||
| Atlatsa Resources Corp | ATL | 3.3 | C$0.55 | 202 | $106 | (0.04) | (0.05) | 0.00 | 0.03 | -- | -- | -- | 22.0 | -- | Pt/South Africa | |||||||||
| Eastern Platinum Ltd (CN) | ELR | 3.0 | US$0.06 | 928 | $58 | (0.02) | (0.04) | (0.00) | 0.02 | -- | -- | -- | 3.2 | -- | Pt/South Africa | |||||||||
| Platinum Group Metals Ltd | PLG | 2.4 | C$1.35 | 403 | $520 | (0.04) | (0.03) | (0.02) | -- | -- | -- | -- | -- | -- | Pt/South Africa | |||||||||
| Wesizwe Platinum Ltd (SA) | WEZ | 4.0 | ZAR$0.83 | 1628 | $132 | 0.70 | (0.02) | (0.05) | (0.01) | -- | -- | -- | -- | -- | Pt/South Africa | |||||||||
| Average | 12.6 | |||||||||||||||||||||||
| Specialty Metals | ||||||||||||||||||||||||
| Alkane Resources Ltd (AU) | ALK | 2.5 | AUD$0.38 | 373 | $133 | 0.19 | 0.00 | 0.07 | (0.01) | 0.02 | NM | 5.8 | -- | 21.1 | Zr, Nb, REE/Australia | |||||||||
| American Vanadium Corp (CN) | AVC | -- | C$0.51 | 47 | $23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | V/US | |||||||||
| Arafura Resources Ltd (AU) | ARU | 2.0 | AUD$0.09 | 441 | $37 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/Australia | |||||||||
| Avalon Rare Metals | AVL | 2.0 | C$0.72 | 104 | $71 | (0.10) | (0.07) | (0.14) | -- | -- | -- | -- | -- | -- | REE/Canada | |||||||||
| Canada Lithium (CN) | CLQ | 1.5 | C$0.40 | 394 | $149 | (0.02) | (0.05) | 0.02 | 0.06 | 0.07 | -- | 23.7 | 7.2 | 5.6 | Li/Canada | |||||||||
| China Rare Earth Holdings (HK) | 769 | -- | HK$1.17 | 1673 | $252 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/China | |||||||||
| Focus Graphite (CN) | FMS | 2.0 | C$0.33 | 106 | $34 | -- | -- | -- | -- | -- | -- | -- | -- | -- | graphite/Canada | |||||||||
| Frontier Rare Earths Ltd (CN) | FRO | 2.0 | US$0.36 | 90 | $33 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/South Africa | |||||||||
| Great Western Minerals(CN) | GWG | 2.0 | C$0.08 | 419 | $33 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/South Africa | |||||||||
| Lynas Corp Ltd (AU) | LYC | 2.8 | AUD$0.32 | 1961 | $587 | -- | -- | (0.01) | 0.05 | 0.06 | -- | -- | 6.6 | 5.4 | REE/Australia, Malaysia | |||||||||
| Molycorp | MCP | 2.7 | US$4.72 | 240 | $1,135 | (0.37) | (0.95) | (0.27) | 0.36 | 0.41 | -- | -- | 13.3 | 11.5 | REE/US | |||||||||
| Peak Resources Ltd (AU) | PEK | -- | AUD$0.09 | 276 | $22 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/Tanzania | |||||||||
| Sirocco Mining (CN) | SIM | 2.0 | C$0.50 | 250 | $118 | 0.03 | (0.02) | 0.03 | 0.04 | -- | -- | 15.0 | 11.8 | -- | I-Chile | |||||||||
| Tasman Metals Ltd | TAS | 2.0 | C$0.91 | 61 | $53 | -- | -- | -- | -- | -- | -- | -- | -- | -- | REE/Sweden | |||||||||
| Average | 14.8 | 9.7 | 10.9 | |||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Uranium | Price | Shrs O/S | Mkt Cap | Earnings Per Share | Price/Earnings | |||||||||||||||||||
| Symbol | Rating | 15-Nov-13 | (MM) | (US$MM) | 2012 | 2013E | 2014E | 2015E | 2016E | 2013E | 2014E | 2015E | 2016E | Commodity/Country | ||||||||||
| Alpha Minerals (CN) | AMW | 1.7 | C$5.95 | 27 | $155 | -- | (0.21) | (0.11) | (0.11) | -- | -- | -- | -- | -- | U/Canada | |||||||||
| Berkeley Resources Ltd (AU) | BKY | 1.5 | AUD$0.25 | 179 | $42 | -- | -- | -- | 0.01 | 0.09 | -- | -- | 45.8 | 2.7 | U/Spain | |||||||||
| Energy Fuels (CN) | EFR | 1.8 | C$5.87 | 20 | $110 | -- | (0.90) | (0.18) | 0.67 | 1.29 | -- | -- | 8.7 | 4.6 | U/US | |||||||||
| Fission Uranium Corp (CN) | FCU | 1.9 | C$1.20 | 152 | $174 | -- | (0.03) | (0.03) | (0.03) | -- | -- | -- | -- | -- | U/Canada | |||||||||
| Forsys Metals Corp (CN) | FSY | -- | C$0.38 | 110 | $39 | -- | -- | -- | -- | -- | -- | -- | -- | -- | U/Namibia | |||||||||
| Kivalliq Energy Corp (CN) | KIV | 2.0 | C$0.19 | 191 | $34 | -- | (0.03) | (0.02) | -- | -- | -- | -- | -- | -- | U/Canada | |||||||||
| Laramide Resources Ltd (CN) | LAM | 1.0 | C$0.37 | 73 | $26 | (0.04) | -- | -- | -- | -- | -- | -- | -- | -- | U/Australia | |||||||||
| Rockgate Capital (CN) | RGT | 1.0 | C$0.21 | 117 | $23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | U, Ag/Mali | |||||||||
| Toro Energy Ltd (AU) | TOE | 2.0 | AUD$0.08 | 1042 | $80 | -- | -- | (0.01) | (0.00) | 0.01 | -- | -- | -- | 9.1 | U/Australia | |||||||||
| UEX Corp (CN) | UEX | 2.0 | C$0.32 | 228 | $71 | (0.02) | (0.01) | (0.01) | 0.11 | -- | -- | -- | 3.0 | -- | U/Canada | |||||||||
| Ur-Energy Inc | URG | 1.4 | C$1.16 | 122 | $136 | (0.11) | (0.07) | 0.07 | 0.13 | 0.11 | -- | 17.1 | 8.7 | 10.5 | U/US | |||||||||
| Uranerz Energy Corp | URZ | 1.5 | US$0.84 | 86 | $72 | (0.19) | (0.18) | (0.03) | 0.09 | 0.14 | -- | -- | 9.4 | 6.0 | U/US | |||||||||
| Uranium Energy Corp | UEC | 2.0 | US$1.67 | 90 | $150 | -- | -- | 0.07 | 0.12 | 0.22 | -- | 24.7 | 14.5 | 7.6 | U/US | |||||||||
| Average | 20.9 | 15.0 | 6.7 | |||||||||||||||||||||
| Coal | ||||||||||||||||||||||||
| Beacon Hill Resources PLC (UK) | BHR | 1.0 | GBP$0.01 | 1615 | $23 | (1.46) | -- | -- | -- | -- | -- | -- | -- | -- | coal/Mozambique | |||||||||
| Coalspur Mines Ltd (CN) | CPT | 2.2 | C$0.20 | 641 | $123 | -- | (0.02) | (0.01) | 0.00 | -- | -- | -- | -- | -- | coal/Canada | |||||||||
| Cokal Ltd (AU) | CKA | 1.3 | AUD$0.18 | 468 | $79 | -- | -- | 0.00 | 0.07 | 0.13 | -- | 83.1 | 2.6 | 1.3 | coal/Indonesia, Tanzania | |||||||||
| Corsa Coal Corp (CN) | CSO | 3.0 | C$0.13 | 667 | $83 | (0.10) | 0.00 | 0.05 | 0.08 | -- | -- | 2.5 | 1.6 | -- | coal/US | |||||||||
| Fortune Minerals (CN) | FT | 2.0 | C$0.31 | 151 | $45 | -- | -- | -- | -- | -- | -- | -- | -- | -- | anthracite, Au, Bi, Co/Canada | |||||||||
| James River Coal Co | JRCC | 3.2 | US$1.37 | 36 | $49 | (3.96) | (5.08) | (4.45) | (3.17) | -- | -- | -- | -- | -- | coal/US | |||||||||
| Oxford Resource Partners LP | OXF | 3.3 | US$1.38 | 21 | $29 | (0.83) | (1.23) | (1.52) | (1.53) | -- | -- | -- | -- | -- | coal/US | |||||||||
| Pacific Coal Resources Ltd (CN) | PAK | -- | C$0.60 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | coal/Colombia | |||||||||
| Prophecy Coal Corp (CN) | PCY | 5.0 | C$0.09 | 243 | $21 | (0.04) | (0.07) | (0.04) | (0.03) | 0.01 | -- | -- | -- | 9.0 | coal/Mongolia | |||||||||
| Tigers Realm Coal (AU) | TIG | 2.0 | AUD$0.14 | 524 | $69 | (0.02) | (0.03) | (0.03) | (0.04) | (0.01) | -- | -- | -- | -- | coal/Russia | |||||||||
| Average | 42.8 | 2.1 | 5.2 | |||||||||||||||||||||
| Fertilizers | ||||||||||||||||||||||||
| Allana Potash Corp (CN) | AAA | 1.7 | C$0.37 | 278 | $98 | -- | -- | -- | -- | -- | -- | -- | -- | -- | potash/Ethiopia | |||||||||
| China Green Agriculture | CGA | -- | US$4.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | humic acid/China | |||||||||
| Encanto Potash Corp (CN) | EPO | 2.0 | C$0.19 | 286 | $51 | (0.01) | -- | -- | -- | -- | -- | -- | -- | -- | potash/Canada | |||||||||
| Hanfeng Evergreen Inc (CN) | HF | 4.0 | C$0.74 | 60 | $43 | -- | -- | 0.11 | -- | -- | -- | 6.7 | -- | -- | fertilizers/China | |||||||||
| IC Potash Corp (CN) | ICP | 1.5 | C$0.28 | 153 | $40 | (0.07) | -- | -- | -- | -- | -- | -- | -- | -- | potash/US | |||||||||
| Karnalyte Resources Inc (CN) | KRN | 2.6 | C$1.51 | 27 | $40 | (0.28) | (0.23) | (0.24) | 0.10 | -- | -- | -- | 15.1 | -- | potash/Canada | |||||||||
| Magindustries Corp (CN) | MAA | -- | US$0.22 | 756 | $170 | -- | -- | -- | -- | -- | -- | -- | -- | -- | potash/Republic of Congo | |||||||||
| MBAC Fertilizer Corp (CN) | MBC | 1.7 | C$1.54 | 152 | $224 | (0.25) | (0.20) | 0.12 | 0.20 | 0.02 | -- | 13.3 | 7.5 | 77.0 | phosphate, potash/Brazil | |||||||||
| Migao Corp (CN) | MGO | 3.5 | C$0.98 | 52 | $49 | -- | -- | (0.02) | -- | -- | -- | -- | -- | -- | potash/China | |||||||||
| Sirius Minerals PLC (UK) | SXX | 2.7 | GBP$0.06 | 1408 | $145 | -- | -- | (0.02) | (1.10) | -- | -- | -- | -- | -- | potash/UK | |||||||||
| Stonegate Agricom Ltd (CN) | ST | 1.6 | C$0.22 | 194 | $40 | (0.04) | (0.02) | (0.02) | (0.04) | 0.06 | -- | -- | -- | 3.6 | phosphate/Peru, US | |||||||||
| Western Potash Corp (CN) | WPX | 3.4 | C$0.39 | 226 | $84 | (0.13) | (0.04) | (0.02) | (0.06) | 0.02 | -- | -- | -- | 19.5 | potash/Canada | |||||||||
| Average | 10.0 | 11.3 | 33.4 | |||||||||||||||||||||
| Note: Currency shown is that used by the company for financial reporting. Currency does not always reflect the country/market in which the company/stock symbol trades. GAAP may differ between stocks due to countries and markets. | ||||||||||||||||||||||||
| The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items. | ||||||||||||||||||||||||
| Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0) | ||||||||||||||||||||||||
| Recent and Forecast Commodity Prices | ||||||||||||||||||||||||
| Cash Price (15-Nov-13) | 2010 | 2011 | 2012 | 2013E | 2014E | 2015E | 2016E | |||||||||||||||||
| Aluminum ($0.79 / lb) | $0.99 | $1.09 | $0.92 | $0.87 | $0.91 | $0.96 | $1.01 | |||||||||||||||||
| Copper ($3.16 / lb) | $3.43 | $4.00 | $3.61 | $3.34 | $3.29 | $3.22 | $3.14 | |||||||||||||||||
| Lead ($0.94 / lb) | $0.97 | $1.09 | $0.94 | $0.96 | $0.97 | $0.98 | $0.98 | |||||||||||||||||
| Nickel ($6.21 / lb) | $9.91 | $10.38 | $7.95 | $7.03 | $7.09 | $7.82 | $8.00 | |||||||||||||||||
| Zinc ($0.84 / lb) | $0.98 | $1.00 | $0.88 | $0.88 | $0.94 | $1.00 | $1.04 | |||||||||||||||||
| Gold ($1290 / oz) | $1,226 | $1,571 | $1,668 | $1,435 | $1,380 | $1,398 | $1,403 | |||||||||||||||||
| Palladium ($731 / oz) | $528 | $733 | $643 | $718 | $772 | $811 | $771 | |||||||||||||||||
| Platinum ($1437 / oz) | $1,611 | $1,719 | $1,549 | $1,540 | $1,597 | $1,666 | $1,595 | |||||||||||||||||
| Silver ($20.78 / oz) | $20.24 | $35.29 | $31.13 | $24.83 | $23.77 | $23.96 | $24.55 | |||||||||||||||||
| Uranium ($35.35 / lb) | $45.97 | $56.32 | $48.97 | $43.11 | $53.31 | $61.14 | $65.81 | |||||||||||||||||
| Base metal prices are LME cash prices quoted in US$ per lb. Precious metal prices are London spot prices quoted in US$ per oz. | ||||||||||||||||||||||||
| Sources: Thomson One Analytics, LME, Kitco. | ||||||||||||||||||||||||
Bill Matlack is associated with Scarsdale Equities LLC, a registered broker/dealer and member FINRA, SIPC.
William Matlack
Scarsdale Equities LLC
10 Rockefeller Plaza - Suite 720
New York, NY 10020
(646) 775-4829
wmatlack@scarsdale-equities.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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