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Eco Oro Minerals (TSE:EOM)
:EOM

Eco Oro Minerals (EOM) AI Stock Analysis

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Eco Oro Minerals

(EOM)

26Underperform
Eco Oro Minerals is currently in a precarious financial position with no revenue generation, negative profitability, and high leverage. Technical indicators suggest a continued bearish trend, and the valuation is unattractive due to negative earnings. These factors, combined with the lack of earnings guidance or significant corporate events, result in a low overall stock score.

Eco Oro Minerals (EOM) vs. S&P 500 (SPY)

Eco Oro Minerals Business Overview & Revenue Model

Company DescriptionEco Oro Minerals Corp. engages in the acquisition, exploration, and development of mineral assets in Colombia. The company was formerly known as Greystar Resources Ltd. and changed its name to Eco Oro Minerals Corp. in August 2011. Eco Oro Minerals Corp. is based in Vancouver, Canada.
How the Company Makes MoneyEco Oro Minerals makes money through the exploration and development of its mineral resources, with a primary focus on gold. The company generates revenue by advancing its mining projects to attract investments and partnerships. Key revenue streams include raising capital through equity financing, joint ventures, and potential future sales of mineral resources. Eco Oro's financial performance is significantly influenced by global gold prices, exploration success, and the ability to secure strategic partnerships for project development. At this stage, the company may not have consistent operational revenue, relying instead on funding and investment to support its exploration activities.

Eco Oro Minerals Financial Statement Overview

Summary
Eco Oro Minerals faces severe financial challenges with zero revenue, negative profitability, and high leverage. The company is unable to generate cash flows sufficient to offset losses, leading to a strained balance sheet with negative equity. The overall financial health is concerning, with significant risks of insolvency if revenue generation is not achieved soon.
Income Statement
7
Very Negative
Eco Oro Minerals continues to report zero revenue, reflecting significant challenges in generating sales. The company records negative margins across gross profit, EBIT, and EBITDA, highlighting persistent operational inefficiencies and substantial losses. Without a revenue base, growth trajectory remains stagnant, and the lack of profitability poses a significant concern.
Balance Sheet
10
Very Negative
The balance sheet reveals negative stockholders' equity, which indicates that liabilities exceed assets, a precarious financial position. The high debt-to-equity ratio, alongside substantial liabilities, suggests heavy leverage, increasing financial risk. The equity ratio is negative, reinforcing the lack of financial stability and potential insolvency concerns.
Cash Flow
15
Very Negative
Cash flow statements show negative operating and free cash flows, indicating cash burn without sufficient income generation. The negative operating cash flow to net income ratio further emphasizes the company's inability to convert losses into positive cash flow. Although financing activities provide some liquidity, it is not sustainable long-term.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-225.00K-298.00K-80.00K-48.00K-10.00K-11.00K
EBIT
-887.00K-1.35M-3.90M-2.92M-8.72M-14.39M
EBITDA
-1.16M-745.00K-3.87M-3.99M-3.49M-14.35M
Net Income Common Stockholders
-4.87M-3.59M-6.03M-6.17M-6.23M-30.48M
Balance SheetCash, Cash Equivalents and Short-Term Investments
16.57M289.00K948.00K3.10M7.12M602.00K
Total Assets
16.86M481.00K1.13M3.30M7.33M1.64M
Total Debt
878.00K15.94M10.29M7.79M6.31M13.72M
Net Debt
-15.69M15.65M9.34M4.69M-810.00K13.12M
Total Liabilities
12.93M19.19M15.78M12.33M12.38M25.09M
Stockholders Equity
3.94M-18.71M-14.65M-9.03M-5.05M-23.45M
Cash FlowFree Cash Flow
-3.48M-4.26M-2.15M-3.76M-12.63M-18.62M
Operating Cash Flow
-3.48M-4.26M-2.15M-3.76M-12.63M-18.62M
Investing Cash Flow
0.00188.00K0.00154.00K4.98M201.00K
Financing Cash Flow
2.26M3.36M0.000.0014.10M17.46M

Eco Oro Minerals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSKNT
79
Outperform
C$2.88B19.2126.82%77.93%236.93%
47
Neutral
$2.65B-3.07-22.25%3.27%3.70%-29.53%
TSRDS
42
Neutral
C$110.69M-1.81%50.00%
TSEOM
26
Underperform
C$2.66M20.83%-29.46%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EOM
Eco Oro Minerals
0.02
-0.02
-50.00%
SA
Seabridge Gold
11.67
-4.53
-27.96%
BTG
B2Gold
2.90
0.34
13.28%
TSE:KNT
K92 Mining
12.41
5.67
84.12%
TSE:RDS
Radisson Mining Resources
0.32
0.12
60.00%
OR
Osisko Gold Royalties
21.12
4.88
30.05%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.