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Diamcor Mining Inc. (TSE:DMI)
:DMI
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Diamcor Mining
(OTC:DMI)
33Underperform
Diamcor Mining (DMI) vs. S&P 500 (SPY)
Market Cap
C$3.37M
Dividend YieldN/A
Average Volume (3M)21.93K
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorBasic Materials
Sector Strength64
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding168,638,930
10 Day Avg. Volume9,017
30 Day Avg. Volume21,933
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.50
Price to Cash Flow (P/CF)38.40
P/FCF Ratio3.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Diamcor Mining Business Overview & Revenue Model
Company DescriptionDiamcor Mining Inc. (DMI) is a junior diamond mining company that focuses on the identification, acquisition, exploration, and operation of diamond projects. The company operates primarily in South Africa, leveraging its strategic locations to extract rough diamonds. Diamcor's core business involves the development of its flagship Krone-Endora at Venetia project, which is adjacent to De Beers' Venetia Diamond Mine, one of the world's largest diamond mines.
How the Company Makes MoneyDiamcor Mining Inc. generates revenue through the sale of rough diamonds extracted from its mining operations. The company primarily sells its diamonds through tender processes, where buyers bid on parcels of diamonds. Key revenue streams include proceeds from these diamond sales, which are influenced by factors such as diamond quality, size, and market demand. Diamcor's partnership with Tiffany & Co. has historically been significant, as it provided a long-term strategic alliance for diamond off-take, ensuring a consistent revenue source. The company's earnings are further impacted by operational efficiencies and the global market conditions for diamonds.
Diamcor Mining Financial Statement Overview
Summary
Diamcor Mining faces substantial financial challenges with declining revenues, negative profitability margins, and high leverage. The negative cash flows and deteriorating balance sheet indicate significant operational and financial risks, necessitating strategic interventions to improve financial health.Income Statement
Diamcor Mining has experienced significant revenue volatility with a declining trend, as seen by the drop from $5.76M in 2023 to negative revenue in the TTM. The gross and net profit margins are negative, indicating operational challenges. The EBIT and EBITDA margins also remain negative, reflecting ongoing profitability issues.15
Very Negative
Balance Sheet
The company has a negative stockholders' equity position, indicating financial distress. The debt-to-equity ratio is not calculable due to negative equity, showcasing a leveraged position. Total assets have decreased, while liabilities remain high, further stressing the balance sheet.20
Very Negative
Cash Flow
Operating and free cash flows are negative, which raises concerns about liquidity and operational efficiency. The cash flow from operations is consistently negative, and free cash flow trends are worsening, suggesting cash management issues.18
Very Negative
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| -3.27K | 1.12M | 5.77M | 1.51M | 3.96M | 4.11M | Gross Profit |
| -858.05K | -1.68M | 1.51M | 257.62K | 581.30K | -388.39K | EBIT |
| -3.41M | -4.72M | -1.32M | -1.84M | -3.72M | -3.95M | EBITDA |
| -181.75K | -4.31M | 1.61M | -255.33K | -1.71M | -1.92M | Net Income Common Stockholders |
| -1.20M | -5.64M | -2.42M | -3.09M | -3.46M | -2.61M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 12.62K | 31.18K | 376.34K | 257.13K | 32.09K | 139.08K | Total Assets |
| 4.22M | 4.07M | 9.00M | 9.15M | 9.02M | 8.70M | Total Debt |
| 1.09M | 10.86M | 7.02M | 10.14M | 8.12M | 4.06M | Net Debt |
| 1.07M | 10.83M | 6.64M | 9.88M | 8.09M | 3.92M | Total Liabilities |
| 10.79M | 13.13M | 11.23M | 13.44M | 11.48M | 7.78M | Stockholders Equity |
| -2.07M | -5.41M | 2.42M | 294.26K | 1.25M | 5.69M |
| Cash Flow | Free Cash Flow | ||||
| -1.29M | -1.47M | -177.83K | -1.41M | -3.59M | -3.05M | Operating Cash Flow |
| -1.29M | -1.47M | 274.99K | -1.41M | -1.23M | -3.01M | Investing Cash Flow |
| 246.20K | 942.07K | -452.82K | -393.00 | -2.34M | -40.68K | Financing Cash Flow |
| 779.74K | 492.42K | 319.36K | 1.59M | 3.53M | 2.72M |
Diamcor Mining Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.03
Negative
0.03
Negative
Market Momentum
<0.01
Negative
49.79
Neutral
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DMI, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DMI.
Diamcor Mining Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $15.93B | 39.70 | 8.74% | 0.37% | 33.75% | 32.86% | |
61 Neutral | $2.21B | 18.47 | 14.17% | ― | ― | 61.66% | |
58 Neutral | $1.30B | ― | -7.23% | ― | 6.18% | -515.57% | |
47 Neutral | $2.64B | -3.21 | -21.68% | 3.30% | 4.19% | -30.23% | |
33 Underperform | C$3.37M | ― | 107.68% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
TSE:DMI
Diamcor Mining
0.02
-0.04
-74.14%
TSE:AGI
Alamos Gold
34.90
14.83
73.93%
TSE:MAG
MAG Silver
19.08
2.71
16.55%
TSE:EDR
Endeavour Silver
4.46
0.57
14.65%
Diamcor Mining Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Diamcor Mining Secures $5M Financing to Boost Production
Positive
Jan 27, 2025
Diamcor Mining Inc. has signed a non-binding letter of intent for a $5 million non-dilutive financing with a Dubai-based diamond manufacturer to enhance its operations. The funds will be used to expedite processing and increase production at Diamcor’s Krone-Endora at Venetia Project, positioning the company for an anticipated market recovery in the diamond industry.
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.