BCV, profile picture
Uploaded byBCV
797 views

Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry

The document provides an overview of the QMS Advisors' Gold Miners Flexible Index, which tracks companies in the gold mining industry, along with various financial metrics of these companies. It includes data such as market capitalization, revenue estimates, EBITDA, credit ratings, and other relevant financial statistics for specific gold mining firms. The information serves as a comparative analysis without constituting investment advice.

Embed presentation

Download to read offline
1 / 205
2 / 205
3 / 205
4 / 205
5 / 205
6 / 205
7 / 205
8 / 205
9 / 205
10 / 205
11 / 205
12 / 205
13 / 205
14 / 205
15 / 205
16 / 205
17 / 205
18 / 205
19 / 205
20 / 205
21 / 205
22 / 205
23 / 205
24 / 205
25 / 205
26 / 205
27 / 205
28 / 205
29 / 205
30 / 205
31 / 205
32 / 205
33 / 205
34 / 205
35 / 205
36 / 205
37 / 205
38 / 205
39 / 205
40 / 205
41 / 205
42 / 205
43 / 205
44 / 205
45 / 205
46 / 205
47 / 205
48 / 205
49 / 205
50 / 205
51 / 205
52 / 205
53 / 205
54 / 205
55 / 205
56 / 205
57 / 205
58 / 205
59 / 205
60 / 205
61 / 205
62 / 205
63 / 205
64 / 205
65 / 205
66 / 205
67 / 205
68 / 205
69 / 205
70 / 205
71 / 205
72 / 205
73 / 205
74 / 205
75 / 205
76 / 205
77 / 205
78 / 205
79 / 205
80 / 205
81 / 205
82 / 205
83 / 205
84 / 205
85 / 205
86 / 205
87 / 205
88 / 205
89 / 205
90 / 205
91 / 205
92 / 205
93 / 205
94 / 205
95 / 205
96 / 205
97 / 205
98 / 205
99 / 205
100 / 205
101 / 205
102 / 205
103 / 205
104 / 205
105 / 205
106 / 205
107 / 205
108 / 205
109 / 205
110 / 205
111 / 205
112 / 205
113 / 205
114 / 205
115 / 205
116 / 205
117 / 205
118 / 205
119 / 205
120 / 205
121 / 205
122 / 205
123 / 205
124 / 205
125 / 205
126 / 205
127 / 205
128 / 205
129 / 205
130 / 205
131 / 205
132 / 205
133 / 205
134 / 205
135 / 205
136 / 205
137 / 205
138 / 205
139 / 205
140 / 205
141 / 205
142 / 205
143 / 205
144 / 205
145 / 205
146 / 205
147 / 205
148 / 205
149 / 205
150 / 205
151 / 205
152 / 205
153 / 205
154 / 205
155 / 205
156 / 205
157 / 205
158 / 205
159 / 205
160 / 205
161 / 205
162 / 205
163 / 205
164 / 205
165 / 205
166 / 205
167 / 205
168 / 205
169 / 205
170 / 205
171 / 205
172 / 205
173 / 205
174 / 205
175 / 205
176 / 205
177 / 205
178 / 205
179 / 205
180 / 205
181 / 205
182 / 205
183 / 205
184 / 205
185 / 205
186 / 205
187 / 205
188 / 205
189 / 205
190 / 205
191 / 205
192 / 205
193 / 205
194 / 205
195 / 205
196 / 205
197 / 205
198 / 205
199 / 205
200 / 205
201 / 205
202 / 205
203 / 205
204 / 205
205 / 205
Fundamental Analysis & Analyst Recommendations QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry. May 2013 Q.M.S Advisors Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com | This material does not constitute investment advice and should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy.
Currency Market Capitalization (in mio USD) Daily Volume (M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15271312 2038.193 1112 1112 204 219 219 102.23 110.27 110.27 16.23 16.23 15.04 15.04 18.84 Euro Stoxx 50 Pr EUR 2713836 5590.895 4551 4551 731 763 763 202.40 299.27 299.27 22.86 18.53 15.46 15.46 19.77 NIKKEI 225 JPY 2852100 197.0179 188 188 18 21 21 5.31 6.87 6.87 0.27 0.26 0.21 0.21 0.11 FTSE 100 INDEX GBP 2809303 12390.57 10063 10063 1461 1738 1738 596.00 825.06 825.06 25.99 24.24 18.77 18.77 21.64 SWISS MARKET INDEX CHF 1085883 11249.94 4065 4065 856 827 827 415.65 550.90 550.90 21.22 17.66 16.01 16.01 21.76 S&P/TSX COMPOSITE INDEX CAD 1651404 17113.04 7809 7809 1834 2018 2018 762.43 858.26 858.26 15.77 15.77 14.01 14.01 23.87 S&P/ASX 200 INDEX AUD 1389289 6566.53 2688 2688 606 669 669 240.56 321.94 321.94 20.69 16.62 15.46 15.46 22.18 HANG SENG INDEX HKD 1749899 3449.621 1687 1687 371 408 408 283.55 271.07 271.07 1.35 1.53 1.41 1.41 3.00 MSCI EM USD 7868207 1854.702 1023 1023 212 285 285 83.89 94.75 94.75 12.47 12.76 11.04 11.04 18.21 GOLDCORP INC USD 22265 8975 812 1 0 0 1 22.74 5435 5101 4905 6245 2798 2532 570 570 1.99 1.70 1.40 2.10 16.02 16.02 19.46 13.01 1.36 13.48 19.78 21.03 49.64 BBB+ 01.06.2009 Baa2 13.03.2013 BARRICK GOLD CORP USD 19462 23817 1001 14 0 3 2 34.61 14547 14340 13583 14589 7358 7071 1583 1583 3.74 3.30 3.16 3.33 5.89 5.89 6.16 5.84 2.18 13.61 -11.64 24.49 49.31 BBB 26.04.2013 Baa2 24.04.2013 NEWMONT MINING CORP USD 15751 9296 497 6 0 3 2 23.92 9868 9362 9216 10761 4169 3731 808 808 3.78 3.34 2.71 3.41 9.45 9.45 11.67 9.27 -4.73 4.99 -19.24 19.37 39.85 BBB+ 11.08.2008 Baa1 26.07.2010 RANDGOLD RESOURCES LTD-ADR USD 6633 765 92 0 0 0 0 6.54 1318 1331 1383 1791 699 689 - - 4.65 4.48 4.33 6.73 16.08 16.08 16.64 10.70 16.92 27.97 20.16 53.34 51.75 - - - - YAMANA GOLD INC USD 8344 9956 1 0 0 0 8.91 2337 2312 2481 2998 1269 1164 263 263 - - 0.78 1.06 - - 14.18 10.44 7.52 14.54 0.53 26.81 50.35 - - - - GOLD FIELDS LTD-SPONS ADR USD 4461 5794 16 0 2 5 28916 38146 29086 30284 14243 18261 12706 12706 - - 6.00 7.52 - - 9.41 7.50 14.46 8.58 5.29 13.85 47.87 BB+ 15.11.2012 - - SILVER WHEATON CORP USD 7865 6872 0 0 0 1 8.88 850 856 965 1085 701 700 181 181 - - 1.59 1.76 - - 13.98 12.57 16.38 43.77 13.36 43.74 81.79 - - - - ANGLOGOLD ASHANTI-SPON ADR USD 6820 4166 30 0 0 8 52160 51968 57034 62449 19105 17635 20359 20359 - - 14.62 23.71 - - 11.27 6.95 -4.14 11.91 -17.82 86.63 33.93 BBB- 10.12.2012 - - CIA DE MINAS BUENAVENTUR-ADR USD 4994 1441 253 0 0 0 5.22 1564 1492 1642 1761 569 - 174 174 2.69 2.27 2.21 2.35 7.97 7.95 8.21 7.71 0.44 14.04 -30.59 7.40 - - - - - NEW GOLD INC USD 3095 5423 1 0 0 1 3.28 791 824 933 987 390 388 115 115 - - 0.41 0.54 - - 16.02 12.04 13.70 39.01 13.39 63.80 47.02 BB- 27.03.2012 B2 27.03.2012 AGNICO EAGLE MINES LTD USD 4928 2008 1 0 0 0 5.44 1918 1865 1705 2061 787 735 179 179 - - 1.03 1.78 - - 27.67 16.04 5.26 38.09 4.59 31.64 39.41 NR 12.03.2003 WR 05.03.2002 ELDORADO GOLD CORP USD 4923 4371 1 0 0 1 5.13 1148 1214 1264 1402 584 631 136 136 - - 0.43 0.53 - - 15.91 13.12 3.97 58.56 -9.24 53.95 51.94 BB 13.11.2012 Ba3 12.11.2012 KINROSS GOLD CORP USD 6028 21000 1140 3 0 0 2 6.84 4311 4333 4041 4209 1962 1981 347 347 0.77 0.74 0.45 0.56 7.14 7.14 11.63 9.50 12.20 27.96 1.87 40.67 45.72 BBB- 15.08.2011 Baa3 15.08.2011 ROYAL GOLD INC USD 3253 915 59 0 0 0 0 2.89 263 292 303 379 233 260 65 65 1.63 1.40 1.52 2.10 36.01 36.01 33.31 24.02 21.52 33.98 25.17 44.69 88.90 - - - - HARMONY GOLD MNG-SPON ADR USD 1789 3257 2 0 0 2 15169 16353 16517 21953 4222 3140 4735 4735 - - 3.91 7.72 - - 9.80 4.96 30.81 9.67 79.35 16.71 19.20 - - - - IAMGOLD CORP USD 1898 6874 1 0 0 1 1.98 1670 1571 1479 1681 710 642 148 148 - - 0.52 0.68 - - 9.73 7.43 -0.19 12.44 -9.54 30.21 40.84 BB- 10.09.2012 - - PAN AMERICAN SILVER CORP USD 1810 2604 0 0 0 1 1.37 929 943 1004 1077 362 345 91 91 - - 0.93 1.13 - - 12.90 10.59 8.57 24.85 -18.81 25.23 36.62 - - - - FIRST MAJESTIC SILVER CORP USD 1198 1994 0 0 0 0 1.12 247 256 373 543 135 132 - - - - 0.84 1.29 - - 12.19 7.94 0.68 59.29 -13.49 101.01 51.60 - - - - COEUR D'ALENE MINES CORP USD 1376 1922 90 0 0 0 0 1.40 895 863 901 1066 378 343 89 89 0.59 0.68 0.59 1.32 19.94 19.94 22.87 10.24 -12.31 37.42 -28.81 43.35 39.75 B+ 25.06.2012 B3 24.01.2013 AURICO GOLD INC USD 1150 2104 0 0 0 1 1.05 164 293 398 52 53 21 21 - - 0.26 0.39 - - 18.27 11.92 94.95 15.72 2151.89 - - - - - - ALLIED NEVADA GOLD CORP USD 703 3842 90 1 0 0 0 0.88 215 225 368 560 95 95 25 25 0.52 0.49 0.84 1.51 15.96 15.96 9.35 5.19 41.13 - 95.75 - 44.49 B 07.06.2012 B3 16.05.2012 HECLA MINING CO USD 884 6775 285 0 0 0 0 0.75 321 306 484 642 93 74 50 50 0.07 0.12 0.19 0.38 25.83 25.83 16.76 8.24 -32.76 22.69 -63.53 10.36 24.02 B 04.04.2013 B2 02.04.2013 NEVSUN RESOURCES LTD USD 931 0 0 0 0 566 488 320 672 426 347 21 21 - - 0.33 0.94 - - 10.54 3.73 3.34 - -0.64 - 71.21 - - - - AURIZON MINES LTD USD 627 208 0 0 0 0 0.45 224 210 209 266 92 78 - - - - 0.13 0.26 - - 29.85 14.92 -14.02 5.97 -26.18 14.15 37.08 - - - - SILVER STANDARD RESOURCES USD 524 1879 0 0 0 0 0.29 241 252 216 243 55 55 12 12 - - -0.10 -0.02 - - 63.09 - 38.56 - 22.64 - - - - SEABRIDGE GOLD INC USD 464 467 0 0 0 0 0.42 0 0 -16 - -15 -15 - - -0.22 -0.46 - - - - 20.14 - - - - - - TANZANIAN ROYALTY EXPLORATIO USD 265 323 0 0 0 0 0.26 0 0 -5 -5 - - - - - - - - -16.99 - - - - - - GOLDEN STAR RESOURCES LTD USD 181 3521 259 0 0 0 0 0.23 551 552 482 487 125 117 26 26 -0.05 -0.16 -0.05 0.09 - - 8.24 16.89 21.87 35.80 - 21.18 - - - - VISTA GOLD CORP USD 108 484 82 0 0 0 0 0.02 0 0 0 -36 -34 - - -0.54 -0.51 -0.29 -0.18 - - - - -26.58 - - - - - - GREAT BASIN GOLD LTD USD 3 3263 0 0 0 0 0.32 170 145 18 -26 - - - - - - 70.83 - - - -18.00 - - - - ARGONAUT GOLD INC CAD 913 1219 149 0 0 0 0 0.71 184 202 201 258 105 105 16 16 0.67 0.62 0.38 0.57 9.55 9.55 15.47 10.36 77.52 - 90.14 - 56.30 - - - - TOREX GOLD RESOURCES INC CAD 852 10756 604 0 0 0 0 0.48 0 0 0 0 -59 -63 -15 -15 -0.14 -0.15 -0.10 -0.09 - - - - -75.80 - - - - - - LIONGOLD CORP LTD SGD 838 8437 731 0 0 0 0 0.81 78 91 89 114 -4 1 - - -0.02 -0.03 0.00 0.01 - - 151.58 69.96 13.33 7.04 - - 1.18 - - - - CHINA GOLD INTERNATIONAL RES CAD 1063 368 396 0 0 0 0 1.08 326 326 348 625 136 136 151 151 0.18 0.18 0.16 0.18 14.12 14.12 16.45 14.38 6.65 - -1.28 - 40.96 - - - - PERSEUS MINING LTD CAD 535 1705 0 0 0 0 0.50 142 307 391 54 125 - - - - 0.12 0.19 - - 9.20 6.03 - - - - - - - - - SANDSTORM GOLD LTD CAD 620 300 86 0 0 0 0 0.56 55 57 70 94 36 35 - - 0.25 0.17 0.18 0.38 39.70 39.70 37.08 17.67 85.12 - 89.97 - 59.93 - - - - OCEANAGOLD CORP CAD 522 861 294 0 0 0 0 0.73 378 385 576 625 142 166 50 50 0.08 0.11 0.22 0.30 15.87 15.87 7.93 5.63 -2.52 13.67 -11.83 65.88 42.36 - - - - MEDUSA MINING LTD AUD 438 2077 189 0 0 0 0 0.42 79 91 111 262 57 63 - - 0.26 0.28 0.40 0.92 7.95 - 5.57 2.44 -44.82 92.52 -51.12 - 68.11 - - - - DUNDEE PRECIOUS METALS INC CAD 538 1462 126 0 0 0 0 0.50 378 368 426 502 - - - - 0.38 0.34 0.54 0.76 12.52 12.52 7.74 5.55 13.40 42.70 - - - - - - - RIO ALTO MINING LTD CAD 556 1644 176 0 0 0 0 0.52 311 276 313 314 170 170 - - 0.56 0.40 0.45 0.53 7.68 7.68 6.89 5.88 - - - - 53.73 - - - - AURIZON MINES LTD USD 627 208 0 0 0 0 0.45 224 210 209 266 92 78 - - - - 0.13 0.26 - - 29.85 14.92 -14.02 5.97 -26.18 14.15 37.08 - - - - ENDEAVOUR SILVER CORP USD 407 1439 0 0 0 0 0.41 208 229 238 280 90 88 24 24 - - 0.41 0.60 - - 9.93 6.86 62.57 53.81 38.56 - 38.27 - - - - CONTINENTAL GOLD LTD CAD 449 480 108 0 0 0 0 0.34 0 0 14 14 -12 -10 - - -0.07 -0.11 -0.06 -0.07 - - - - - - - - - - - RUBICON MINERALS CORP CAD 442 880 288 0 0 0 0 0.30 0 0 -11 -12 - - -0.04 -0.04 -0.05 0.20 - - 7.66 - - 45.71 - - - - - - SILVERCORP METALS INC USD 444 1312 0 0 0 0 0.39 238 193 202 256 155 102 - - - - 0.21 0.29 - - 12.21 8.87 42.21 27.32 40.76 43.24 53.14 - - - - EVOLUTION MINING LTD AUD 577 4029 707 0 0 0 0 0.61 461 625 602 689 187 210 136 136 0.06 0.18 0.08 0.11 4.44 - 9.70 7.08 279.97 - 531.12 - 33.00 - - - - CHINA PRECIOUS METAL RESOURC HKD 762 42412 4351 0 0 0.99 209 209 246 309 143 143 164 164 - 0.02 0.02 0.02 1.44 - 1.21 1.07 5.83 26.53 4.47 - 8.80 - - - - SEABRIDGE GOLD INC USD 464 467 0 0 0 0 0.42 0 0 -16 - -15 -15 - - -0.22 -0.46 - - - - 20.14 - - - - - - BEADELL RESOURCES LTD AUD 482 6881 742 0 0 0 0 0.61 1 1 307 327 -14 - 158 158 -0.05 -0.06 0.14 0.17 - - 4.32 3.61 - - 59.26 - - - - - - RESOLUTE MINING LTD AUD 464 11228 636 0 0 0 0 0.40 566 606 645 574 250 255 - - 0.16 0.25 0.22 0.16 2.83 - 3.15 4.51 29.04 28.70 128.76 102.83 41.34 - - - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
Currency Market Capitalization (in mio USD) Daily Volume (M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15271312 2038.193 1112 1112 204 219 219 102.23 110.27 110.27 16.23 16.23 15.04 15.04 18.84 Euro Stoxx 50 Pr EUR 2713836 5590.895 4551 4551 731 763 763 202.40 299.27 299.27 22.86 18.53 15.46 15.46 19.77 NIKKEI 225 JPY 2852100 197.0179 188 188 18 21 21 5.31 6.87 6.87 0.27 0.26 0.21 0.21 0.11 FTSE 100 INDEX GBP 2809303 12390.57 10063 10063 1461 1738 1738 596.00 825.06 825.06 25.99 24.24 18.77 18.77 21.64 SWISS MARKET INDEX CHF 1085883 11249.94 4065 4065 856 827 827 415.65 550.90 550.90 21.22 17.66 16.01 16.01 21.76 S&P/TSX COMPOSITE INDEX CAD 1651404 17113.04 7809 7809 1834 2018 2018 762.43 858.26 858.26 15.77 15.77 14.01 14.01 23.87 S&P/ASX 200 INDEX AUD 1389289 6566.53 2688 2688 606 669 669 240.56 321.94 321.94 20.69 16.62 15.46 15.46 22.18 HANG SENG INDEX HKD 1749899 3449.621 1687 1687 371 408 408 283.55 271.07 271.07 1.35 1.53 1.41 1.41 3.00 MSCI EM USD 7868207 1854.702 1023 1023 212 285 285 83.89 94.75 94.75 12.47 12.76 11.04 11.04 18.21 ENDEAVOUR MINING CORP CAD 356 2009 391 0 0 0 0 0.52 340 378 482 623 134 134 - - -0.04 0.10 0.14 0.17 8.54 8.54 6.13 4.99 135.13 - 210.84 - 38.66 - - - - FORTUNA SILVER MINES INC CAD 345 739 0.28 158 158 167 201 69 69 20 20 0.27 0.23 0.24 0.32 11.74 11.74 11.20 8.33 45.54 46.57 43.98 66.13 43.12 - - - - MCEWEN MINING INC USD 609 3088 296 0 0 0 0 0.56 6 39 150 217 -92 -67 - - -0.19 -0.17 -0.01 0.08 - - 25.63 - - -54.81 - -171.96 - - - - MAG SILVER CORP CAD 384 146 60 0 0 0 0 0.34 0 0 -13 -13 -1 -1 -0.22 -0.22 -0.13 -0.14 - - - - -40.23 - - - - - - PRIMERO MINING CORP CAD 495 342 97 0 0 0 0 0.38 180 182 198 246 76 71 33 33 0.53 0.50 0.42 0.59 9.78 9.78 11.54 8.36 16.56 - 6.22 - 38.11 - - - - KINGSGATE CONSOLIDATED LTD AUD 246 3329 151 0 0 0 0 0.37 351 365 335 382 162 - - - 0.51 0.34 0.24 0.25 4.67 - 6.67 6.33 105.36 82.66 144.00 - - - - - - TIMMINS GOLD CORP CAD 314 879 144 0 0 0 0 0.30 153 163 193 211 67 75 17 17 0.25 0.31 0.34 0.33 6.81 6.81 6.37 6.55 86.56 - 58.99 - 44.93 - - - - ST BARBARA LTD AUD 297 4439 325 0 0 0 0 0.44 531 512 520 609 220 197 - - 0.40 0.27 0.08 0.15 2.23 - 7.51 3.93 49.58 27.31 103.02 82.99 37.82 B 15.03.2013 - - PREMIER GOLD MINES LTD CAD 252 1366 149 0 0 0 0 0.23 0 1 0 0 -12 -12 - - -0.15 -0.16 -0.07 -0.07 - - - - -5.24 - -1301.56 - - - - NORTHERN STAR RESOURCES LTD AUD 302 4498 402 0 0 0 0 0.26 98 112 131 161 47 57 74 74 0.05 0.08 0.07 0.09 9.24 9.60 9.62 7.65 -13.15 - 5.14 - 49.75 - - - - TANZANIAN ROYALTY EXPLORATIO USD 265 323 0 0 0 0 0.26 0 0 -5 -5 - - - - - - - - -16.99 - - - - - - REAL GOLD MINING LTD HKD 1031 0 907 0 0 0 0 0.49 176 176 153 153 - - 0.12 0.12 0.94 0.95 4.55 - 7.02 - 11.18 - - - - GOLDEN STAR RESOURCES LTD USD 181 3521 259 0 0 0 0 0.23 551 552 482 487 125 117 26 26 -0.05 -0.16 -0.05 0.09 - - 8.24 16.89 21.87 35.80 - 21.18 - - - - ROMARCO MINERALS INC CAD 213 1067 585 0 0 0 0 0.16 0 0 -12 -11 -8 -8 -0.02 -0.02 -0.01 -0.01 - - - - 22.12 - - - - - - BANRO CORPORATION CAD 270 1837 202 0 0 0 0 0.39 42 74 143 347 6 6 - - -0.02 0.03 0.06 0.31 35.04 35.04 18.12 3.33 - - - - 13.90 - - - - COLOSSUS MINERALS INC CAD 192 1092 106 0 0 0 0 0.20 0 0 41 282 -32 -32 -7 -7 -0.27 -0.27 -0.12 0.83 - - 2.09 - - -12.01 - - - - - - RAINY RIVER RESOURCES LTD CAD 207 352 100 0 0 0 0 0.11 0 0 1 1 -63 -63 -15 -15 -0.72 -0.61 -0.19 -0.14 - - - - -296.17 - - - - - - SULLIDEN GOLD CORP LTD CAD 218 2032 243 0 0 0 0 0.20 0 0 -12 -4 - - -0.06 -0.04 -0.03 -0.03 - - - - -35.85 - - - - - - ASANKO GOLD INC CAD 196 297 76 0 0 0 0 0.01 0 0 0 -35 -34 - - -0.48 -0.26 -0.15 -0.16 - - - - 7.21 - - - - - - BEAR CREEK MINING CORP CAD 168 123 92 0 0 0 0 0.10 0 0 -31 -31 - - -0.33 -0.32 -0.21 -0.07 - - - - -5.79 - - - - - - PARAMOUNT GOLD AND SILVER USD 215 571 0 0 0 0 0.20 0 0 -18 -18 -8 -8 - - -0.04 -0.04 - - -59.56 - -54.62 - -29165.25 - - - - KIRKLAND LAKE GOLD INC CAD 241 687 70 0 0 0 0 0.30 157 137 154 258 55 24 22 22 0.56 -0.01 0.01 0.53 - - 429.60 6.36 53.70 61.42 108.90 - 17.26 - - - - GUYANA GOLDFIELDS INC CAD 188 340 95 0 0 0 0 0.16 0 0 407 -8 -8 - - -0.09 -0.10 -0.08 -0.09 - - - - 19.26 - - - - - - HIGHLAND GOLD MINING LTD GBp 399 45 325 0 0 0 0 0.53 535 535 587 689 247 247 247 247 0.58 0.57 0.42 0.49 4.94 4.93 6.72 5.85 26.16 37.65 5.46 62.66 70.09 - - - - INDOPHIL RESOURCES NL AUD 295 849 1203 0 0 0 0 0.06 0 0 -17 -17 - - 0.00 0.00 52.10 - - - -121.60 - - - - - - LYDIAN INTERNATIONAL LTD CAD 189 433 127 0 0 0 0 0.10 0 0 - - - - -0.05 -0.05 -0.04 -0.02 - - - - - - - - - - - SABINA GOLD & SILVER CORP CAD 193 928 174 0 0 0 0 0.08 0 0 -12 -12 - - -0.08 -0.08 -0.03 -0.03 - - - - -18.38 - - - - - - LAKE SHORE GOLD CORP CAD 119 5464 416 0 0 0 0 0.21 131 149 196 265 37 37 - - -0.22 -0.22 -0.01 0.05 - - 5.70 99.00 - 409.44 - 27.99 - - - - BRIGUS GOLD CORP USD 139 1186 0 0 0 0 0.20 118 136 152 159 48 48 - - - - 0.15 0.13 - - 4.06 4.52 63.78 - 239.92 60.49 41.21 - - - - GREAT PANTHER SILVER LTD USD 110 952 0 0 0 0 0.09 61 60 57 68 16 16 - - - - 0.04 0.05 - - 23.13 16.19 5.74 21.76 -28.90 - 25.56 - - - - INTREPID MINES LTD AUD 153 5787 555 0 0 0 0 0.14 0 0 -47 -47 - - -0.11 -0.13 -0.01 -0.01 - - - - -21.31 - - - - - - VISTA GOLD CORP USD 108 484 82 0 0 0 0 0.02 0 0 0 -36 -34 - - -0.54 -0.51 -0.29 -0.18 - - - - -26.58 - - - - - - ALEXCO RESOURCE CORP USD 99 437 0 0 0 0 0.08 85 77 78 95 25 25 - - - - -0.14 -0.04 - - 87.81 276.59 160.76 - 30.03 - - - - ATAC RESOURCES LTD CAD 109 325 104 0 0 0 0 0.09 0 0 - - -1 -1 -0.08 -0.07 -0.05 -0.05 - - - - - - - - - - - SCORPIO MINING CORP CAD 90 386 198 0 0 0 0 0.06 45 41 50 102 14 14 - - 0.04 0.03 0.03 0.13 15.06 15.06 13.28 3.40 -24.54 - -50.82 - 30.39 - - - - MIDWAY GOLD CORP USD 113 393 128 0 0 0 0 0.08 0 0 -14 -14 - - -0.12 -0.12 -0.11 -0.12 - - - - 21.14 - - - - - - PATAGONIA GOLD PLC GBp 140 443 813 0 0 0 0 0.14 0 0 -24 -24 - - -0.03 -0.03 - - - - 79.06 - - - - - - GRYPHON MINERALS LTD AUD 90 5524 348 0 0 0 0 0.04 0 0 1 1 -8 -7 - - - -0.01 -0.02 -0.01 - - - - 48.45 - - - - - - DRDGOLD LTD-SPONSORED ADR USD 235 71 0 0 0 0 1764 1959 2129 2546 371 400 526 526 - - 7.97 12.05 - - 7.11 4.71 27.89 7.86 64.25 12.94 20.40 - - - - RED 5 LTD AUD 82 68 135 0 0 0 0 0.09 4 16 43 123 -3 -5 9 9 -0.01 -0.07 -0.06 0.25 - - 2.41 - - 42.56 - -28.99 - - - - LINGBAO GOLD CO LTD-H HKD 216 1498 770 1 0 0 0 0.69 824 824 892 850 95 95 97 97 0.03 0.03 0.02 0.02 1.05 1.02 1.23 1.20 1.51 2.37 -1.33 0.92 1.49 - - - - INTL TOWER HILL MINES LTD USD 82 242 0 0 0 0 0.06 0 0 0 0 -56 -57 - - - - -0.10 -0.07 - - - - -463.04 - - - - - - SARACEN MINERAL HOLDINGS LTD AUD 91 6924 595 0 0 0 0 0.10 180 184 207 227 62 51 61 61 0.04 -0.02 0.03 0.07 - - 4.35 2.20 17.71 - 5.99 - 27.27 - - - - EXETER RESOURCE CORP USD 65 240 88 0 0 0 0 0.01 0 0 -26 -26 - - -0.29 -0.29 -0.13 -0.11 - - - - 17.44 - - - - - - RICHMONT MINES INC USD 70 189 40 0 0 0 0 0.03 102 100 105 134 8 3 - - -0.08 -0.21 0.05 0.36 - - 40.28 5.04 -14.20 10.98 -79.79 8.26 2.89 - - - - RAMELIUS RESOURCES LTD AUD 68 1355 336 0 0 0 0 0.03 83 114 126 164 13 -10 25 25 0.01 -0.06 0.01 0.08 - - 25.15 2.37 -42.27 171.79 -86.60 8.55 -8.92 - - - - GOLDEN MINERALS CO USD 65 263 43 0 0 0 0 0.03 26 26 33 52 -35 -35 -6 -6 -1.44 -1.37 -0.68 -0.29 - - 1320.81 - 45.58 - -133.08 - - - - SAN GOLD CORP CAD 44 3775 335 0 0 0 0 0.04 140 129 129 165 35 35 - - -0.04 -0.06 -0.05 -0.02 - - 24.11 136.57 184.46 - 24.79 - - - - OREZONE GOLD CORP CAD 56 324 86 0 0 0 0 0.04 0 0 -28 -28 - - -0.06 -0.08 -0.17 -0.08 - - - - 9.57 - - - - - - GRAN COLOMBIA GOLD CORP CAD 64 536 382 0 0 0 0 0.25 165 160 171 207 15 15 10 10 -0.08 -0.06 -0.06 0.03 - - 5.46 21.77 - 860.78 - 8.63 - - - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.33 2.33 2.14 1.96 2.33 1.49 1.49 1.43 1.37 1.49 10.49 10.49 9.79 10.09 10.49 9.32 9.32 8.61 8.06 9.32 15.04 15.04 13.53 12.29 15.04 2.09 2.09 2.25 2.43 2.09 1741.9 5.0% Euro Stoxx 50 Pr 1.22 1.22 1.15 1.08 1.22 0.79 0.79 0.77 0.75 0.79 6.03 6.03 5.58 5.01 6.03 7.32 7.32 6.91 6.55 7.32 12.03 12.03 10.73 9.73 12.03 4.09 4.09 4.38 4.71 4.09 2934.4 4.8% NIKKEI 225 1.69 1.69 1.58 1.46 1.69 0.78 0.78 0.76 0.75 0.78 9.86 9.86 9.20 8.58 9.86 9.47 9.47 8.81 8.36 9.47 21.35 21.35 19.52 15.65 21.35 1.47 1.47 1.50 1.74 1.47 13690.9 -9.0% FTSE 100 INDEX 1.76 1.76 1.64 1.56 1.76 1.01 1.01 0.99 1.00 1.01 8.65 8.65 7.86 6.85 8.65 7.13 7.13 6.73 6.32 7.13 12.35 12.35 11.28 10.42 12.34 3.75 3.75 4.03 4.39 3.75 6965.9 4.0% SWISS MARKET INDEX 2.47 2.47 2.32 2.12 2.47 2.10 2.10 2.00 1.91 2.10 12.78 12.78 11.55 10.40 12.78 13.60 13.60 12.56 11.77 13.60 15.52 15.52 13.95 12.71 15.52 3.13 3.13 3.48 4.00 3.13 8389.6 1.2% S&P/TSX COMPOSITE INDEX 1.67 1.67 1.55 1.45 1.67 1.57 1.57 1.48 1.39 1.57 8.34 8.34 7.50 6.93 8.34 8.48 8.48 7.50 7.06 8.48 14.27 14.27 12.59 11.64 14.27 3.20 3.20 3.35 3.54 3.20 14270.4 14.4% S&P/ASX 200 INDEX 1.95 1.95 1.85 1.75 1.95 1.89 1.89 1.78 1.68 1.89 11.58 11.58 10.31 9.44 11.58 9.81 9.81 8.72 8.06 9.81 15.75 15.75 14.13 12.95 15.75 4.35 4.35 4.64 4.98 4.35 5247.6 1.6% HANG SENG INDEX 1.36 1.36 1.26 1.15 1.36 1.76 1.76 1.63 1.50 1.76 8.18 8.18 7.73 7.34 8.18 8.45 8.45 7.69 7.09 8.45 10.97 10.97 10.08 9.17 10.97 3.53 3.53 3.81 4.22 3.53 24962.1 8.1% MSCI EM 1.47 1.47 1.16 1.23 1.47 1.02 1.02 0.95 0.90 1.02 7.16 7.16 6.60 6.20 7.16 6.52 6.52 5.97 5.61 6.52 11.04 11.04 9.88 9.20 11.04 2.80 2.80 3.09 3.38 2.80 1184.0 13.2% GOLDCORP INC 0.99 0.95 0.91 0.86 4.04 4.54 3.57 3.25 3.05 9.59 11.38 7.97 6.72 5.77 7.70 9.51 6.56 5.73 5.02 13.77 19.46 13.01 11.43 9.13 1.97 2.18 2.18 2.20 2.20 38.45 40.8% BARRICK GOLD CORP 0.75 0.81 0.77 0.70 1.37 1.43 1.33 1.35 1.25 3.54 4.09 3.78 3.57 3.47 4.63 5.22 4.77 4.62 4.07 5.11 6.16 5.84 6.08 5.25 3.87 4.13 4.16 4.05 5.66 28.94 48.9% NEWMONT MINING CORP 1.15 1.05 1.02 0.97 1.57 1.71 1.46 1.47 5.23 5.87 4.89 5.10 8.94 5.54 6.85 5.44 5.66 8.55 8.88 11.67 9.27 10.26 14.93 4.54 4.64 4.53 3.90 3.80 41.22 30.6% RANDGOLD RESOURCES LTD-ADR 2.55 2.22 1.91 1.65 4.84 4.80 3.70 3.86 4.24 11.34 10.94 7.39 6.66 10.96 9.00 9.39 6.61 6.46 7.60 15.25 16.64 10.70 10.53 11.50 0.66 0.71 0.88 0.89 109.13 51.6% YAMANA GOLD INC 1.06 1.03 0.96 0.91 3.51 3.36 2.78 2.87 2.43 7.79 7.84 6.12 5.85 5.44 6.78 7.01 5.33 5.45 4.08 12.15 14.18 10.44 10.16 9.32 2.16 2.24 2.21 2.13 2.34 16.94 52.8% GOLD FIELDS LTD-SPONS ADR 0.70 0.81 0.75 0.68 0.84 1.43 1.37 1.31 2.57 3.95 3.99 3.66 4.97 9.41 7.50 6.59 6.30 3.32 3.63 4.36 8.53 40.8% SILVER WHEATON CORP 2.52 2.26 2.01 1.80 1.46 9.61 8.15 7.25 6.98 5.14 11.63 10.72 9.61 8.98 7.87 13.01 11.53 10.01 9.91 7.07 13.40 13.98 12.57 12.47 10.32 1.69 1.66 1.68 1.56 -0.41 39.55 78.3% ANGLOGOLD ASHANTI-SPON ADR 1.19 1.09 0.95 0.85 1.05 1.11 1.02 1.04 3.75 3.41 3.20 3.65 6.12 11.27 6.95 7.47 2.30 1.47 1.43 1.47 28.72 62.3% CIA DE MINAS BUENAVENTUR-ADR 1.28 1.12 1.00 0.91 3.25 3.04 2.84 2.94 11.19 13.37 10.41 6.09 8.08 6.79 7.23 6.38 8.21 7.71 8.14 3.38 2.69 3.48 3.06 26.80 47.9% NEW GOLD INC 1.20 1.08 1.01 0.93 0.89 4.03 3.32 3.14 3.09 3.32 10.48 7.96 6.53 6.00 6.69 8.27 6.80 5.66 5.26 5.27 15.99 16.02 12.04 11.17 14.92 0.00 0.00 12.28 89.2% AGNICO EAGLE MINES LTD 1.42 1.41 1.36 1.30 2.57 2.89 2.39 2.41 2.27 6.98 9.59 7.08 6.52 6.07 6.58 8.83 6.29 6.10 4.25 13.53 27.67 16.04 14.98 13.41 2.69 2.97 2.94 2.88 2.80 42.65 49.5% ELDORADO GOLD CORP 0.82 0.81 0.79 0.74 4.26 3.90 3.51 2.53 1.75 10.58 9.93 8.30 5.63 3.46 8.46 8.11 7.09 4.76 2.97 15.01 15.91 13.12 8.70 5.25 2.10 1.89 2.06 2.51 3.05 12.49 81.3% KINROSS GOLD CORP 0.46 0.59 0.57 0.56 0.56 1.39 1.49 1.43 1.55 1.42 4.20 4.58 4.05 4.57 4.33 3.45 4.13 3.62 4.05 3.54 7.15 11.63 9.50 11.14 9.53 3.03 2.94 2.92 3.03 3.03 8.15 54.3% ROYAL GOLD INC 1.64 1.35 1.31 1.22 11.87 10.73 8.58 6.30 16.28 17.32 13.24 9.46 11.95 10.66 8.60 6.43 28.86 33.31 24.02 15.78 1.09 1.43 1.56 1.68 77.03 52.4% HARMONY GOLD MNG-SPON ADR 0.44 0.43 0.42 0.41 0.99 1.01 0.76 0.70 3.97 3.88 2.89 3.49 5.60 9.80 4.96 12.15 3.12 1.49 3.28 1.65 7.85 91.0% IAMGOLD CORP 0.50 0.50 0.48 0.47 1.16 1.28 1.13 1.11 1.03 3.54 4.52 3.66 3.82 3.44 2.68 3.43 2.77 2.95 2.30 5.85 9.73 7.43 8.62 7.71 5.04 4.88 4.64 4.54 4.96 9.51 88.6% PAN AMERICAN SILVER CORP 0.63 0.66 0.62 0.58 0.53 1.89 1.80 1.68 1.68 1.32 6.69 7.25 6.45 7.26 4.66 3.46 3.97 3.31 3.62 1.79 9.52 12.90 10.59 13.00 8.17 1.48 3.68 3.44 3.11 4.18 17.76 48.6% FIRST MAJESTIC SILVER CORP 1.94 4.55 3.21 2.21 1.93 1.70 8.28 7.89 5.36 4.44 3.61 6.66 5.38 3.73 3.34 2.81 10.67 12.19 7.94 6.67 5.95 19.16 87.1% COEUR D'ALENE MINES CORP 0.57 0.55 0.51 0.46 1.52 1.53 1.29 1.28 1.13 4.58 5.59 4.58 3.74 3.76 3.62 2.70 2.53 12.44 22.87 10.24 8.06 21.46 58.3% AURICO GOLD INC 0.61 0.58 0.57 0.56 0.48 3.68 3.93 2.89 2.45 2.07 11.51 9.61 5.93 5.48 4.48 7.30 7.85 5.28 4.29 3.33 11.65 18.27 11.92 11.51 9.43 0.00 3.86 3.07 3.37 4.29 7.25 55.6% ALLIED NEVADA GOLD CORP 1.11 0.91 0.69 0.59 0.52 3.24 1.91 1.26 0.91 0.66 8.65 6.46 3.72 2.70 2.44 9.29 5.54 3.00 2.59 1.89 14.48 9.35 5.19 3.59 3.06 19.90 154.5% HECLA MINING CO 0.78 0.74 0.70 0.61 0.54 2.71 1.83 1.38 1.38 1.36 9.94 6.30 4.98 4.22 4.49 6.74 3.63 2.19 1.90 2.02 28.70 16.76 8.24 7.28 8.09 1.29 1.19 1.94 2.58 1.29 4.84 56.1% NEVSUN RESOURCES LTD 1.13 1.04 0.92 0.85 2.64 5.48 2.50 2.90 5.02 5.00 10.54 3.73 4.49 7.84 2.84 2.87 2.84 2.87 5.16 47.9% AURIZON MINES LTD 1.65 1.64 2.82 3.05 2.40 2.61 2.50 9.02 9.95 6.99 7.23 6.02 4.62 4.79 3.23 18.84 29.85 14.92 14.21 13.52 0.00 4.70 23.3% SILVER STANDARD RESOURCES 0.50 0.46 0.45 0.44 0.34 2.11 2.43 2.15 1.89 1.11 12.83 11.74 10.76 6.88 5.45 4.11 5.04 3.68 2.75 1.19 42.98 45.38 0.00 0.00 0.00 15.05 131.9% SEABRIDGE GOLD INC 42.93 321.3% TANZANIAN ROYALTY EXPLORATIO GOLDEN STAR RESOURCES LTD 0.42 0.43 0.42 0.38 0.33 0.38 0.37 0.37 0.36 1.56 3.11 2.04 1.96 1.43 2.04 2.95 1.94 1.83 3.59 14.58 8.24 6.60 2.03 0.00 0.95 36.0% VISTA GOLD CORP 0.77 0.41 0.42 1.46 0.28 0.50 0.49 0.58 6.75 411.7% GREAT BASIN GOLD LTD 0.01 0.02 0.14 10.20 ARGONAUT GOLD INC 1.53 1.03 0.93 0.82 4.91 4.46 3.48 2.80 2.24 8.87 11.10 7.35 6.46 5.47 6.80 7.42 5.15 4.13 3.09 11.06 15.75 10.55 8.89 8.63 10.91 74.9% TOREX GOLD RESOURCES INC 1.61 1.55 1.56 1.39 1980.13 6.99 37.63 26.30 89.38 0.00 2.56 78.8% LIONGOLD CORP LTD 16.29 10.90 9.47 7.35 5.36 190.00 87.69 43.85 CHINA GOLD INTERNATIONAL RES 0.77 0.72 0.67 0.61 3.16 3.00 1.67 1.10 6.70 0.77 1.68 0.34 7.37 7.18 4.51 2.93 13.08 16.75 14.65 12.18 0.48 0.48 0.63 12.12 3.61 32.4% PERSEUS MINING LTD 1.54 1.35 1.14 0.85 0.72 3.39 1.74 1.37 0.95 0.94 8.88 7.04 3.92 2.38 2.83 8.55 4.09 3.04 1.71 2.02 9.52 9.37 6.14 3.51 4.49 0.00 0.00 0.25 2.86 2.52 2.36 97.9% SANDSTORM GOLD LTD 10.50 8.72 6.50 4.86 12.54 14.14 9.40 7.57 10.91 13.28 12.68 7.65 6.05 22.76 37.76 17.99 12.32 31.25 12.25 75.0% OCEANAGOLD CORP 0.86 0.80 0.76 0.72 0.82 1.34 0.89 0.82 0.89 1.07 4.31 2.59 2.35 2.54 4.56 5.17 3.27 3.41 3.84 7.30 27.77 8.08 5.73 7.53 2.98 64.7% MEDUSA MINING LTD 1.38 1.14 0.81 0.63 0.58 4.83 3.88 1.64 1.50 1.10 8.02 4.70 2.46 2.18 2.41 6.56 5.57 2.16 1.99 1.84 7.45 5.68 2.48 2.33 2.51 4.36 1.42 4.92 7.47 9.93 5.06 114.3% DUNDEE PRECIOUS METALS INC 0.72 0.65 0.51 0.47 1.55 1.26 1.07 1.08 4.44 4.29 3.35 3.02 2.74 3.75 3.22 2.24 1.76 1.48 7.23 7.88 5.65 5.32 4.32 0.00 0.00 0.00 10.79 147.4% RIO ALTO MINING LTD 2.48 1.87 1.86 1.77 1.77 1.79 1.47 5.14 5.38 5.11 4.60 3.70 2.78 3.88 3.81 3.36 2.19 6.11 7.02 5.99 6.04 5.55 0.00 0.00 0.00 5.97 85.5% AURIZON MINES LTD 1.65 1.64 2.82 3.05 2.40 2.61 2.50 9.02 9.95 6.99 7.23 6.02 4.62 4.79 3.23 18.84 29.85 14.92 14.21 13.52 0.00 4.70 23.3% ENDEAVOUR SILVER CORP 1.97 1.71 1.45 1.45 4.90 5.21 3.89 4.25 4.57 4.70 3.10 3.26 9.32 9.93 6.86 8.11 8.20 101.0% CONTINENTAL GOLD LTD 32.11 32.11 29.96 1.94 4.23 5.36 6.55 11.81 226.3% RUBICON MINERALS CORP 0.96 4.88 4.22 7.80 7.09 4.83 209.8% SILVERCORP METALS INC 1.02 1.82 2.20 1.73 1.32 1.23 3.77 5.74 5.13 2.61 2.59 4.18 2.76 2.23 5.58 12.21 8.87 4.56 5.31 3.42 3.85 6.20 138.5% EVOLUTION MINING LTD 0.54 0.52 0.47 0.43 0.45 1.25 0.96 0.84 0.85 0.90 2.99 3.02 2.60 2.68 2.74 3.49 2.66 2.15 2.21 2.49 8.06 9.88 7.22 6.06 8.65 0.00 1.20 2.41 2.65 2.53 1.16 39.6% CHINA PRECIOUS METAL RESOURC 1.51 1.09 0.95 0.80 3.96 3.10 2.47 2.59 12.36 15.11 7.84 6.00 4.81 5.31 13.60 9.38 8.34 8.50 0.74 1.70 25.0% SEABRIDGE GOLD INC 42.93 321.3% BEADELL RESOURCES LTD 5.30 2.77 1.40 1.12 89.15 1.57 1.48 1.71 1.96 3.98 3.09 4.31 3.84 3.39 4.61 7.10 4.40 3.68 5.12 5.08 0.00 0.32 1.44 1.76 4.80 1.00 60.5% RESOLUTE MINING LTD 0.82 0.74 0.62 0.52 0.38 0.77 0.72 0.81 0.76 0.76 2.34 2.13 2.77 2.30 2.63 1.54 1.50 1.84 1.55 1.43 3.39 3.21 4.59 4.40 4.48 0.00 6.53 3.40 4.49 6.80 1.38 87.6% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.33 2.33 2.14 1.96 2.33 1.49 1.49 1.43 1.37 1.49 10.49 10.49 9.79 10.09 10.49 9.32 9.32 8.61 8.06 9.32 15.04 15.04 13.53 12.29 15.04 2.09 2.09 2.25 2.43 2.09 1741.9 5.0% Euro Stoxx 50 Pr 1.22 1.22 1.15 1.08 1.22 0.79 0.79 0.77 0.75 0.79 6.03 6.03 5.58 5.01 6.03 7.32 7.32 6.91 6.55 7.32 12.03 12.03 10.73 9.73 12.03 4.09 4.09 4.38 4.71 4.09 2934.4 4.8% NIKKEI 225 1.69 1.69 1.58 1.46 1.69 0.78 0.78 0.76 0.75 0.78 9.86 9.86 9.20 8.58 9.86 9.47 9.47 8.81 8.36 9.47 21.35 21.35 19.52 15.65 21.35 1.47 1.47 1.50 1.74 1.47 13690.9 -9.0% FTSE 100 INDEX 1.76 1.76 1.64 1.56 1.76 1.01 1.01 0.99 1.00 1.01 8.65 8.65 7.86 6.85 8.65 7.13 7.13 6.73 6.32 7.13 12.35 12.35 11.28 10.42 12.34 3.75 3.75 4.03 4.39 3.75 6965.9 4.0% SWISS MARKET INDEX 2.47 2.47 2.32 2.12 2.47 2.10 2.10 2.00 1.91 2.10 12.78 12.78 11.55 10.40 12.78 13.60 13.60 12.56 11.77 13.60 15.52 15.52 13.95 12.71 15.52 3.13 3.13 3.48 4.00 3.13 8389.6 1.2% S&P/TSX COMPOSITE INDEX 1.67 1.67 1.55 1.45 1.67 1.57 1.57 1.48 1.39 1.57 8.34 8.34 7.50 6.93 8.34 8.48 8.48 7.50 7.06 8.48 14.27 14.27 12.59 11.64 14.27 3.20 3.20 3.35 3.54 3.20 14270.4 14.4% S&P/ASX 200 INDEX 1.95 1.95 1.85 1.75 1.95 1.89 1.89 1.78 1.68 1.89 11.58 11.58 10.31 9.44 11.58 9.81 9.81 8.72 8.06 9.81 15.75 15.75 14.13 12.95 15.75 4.35 4.35 4.64 4.98 4.35 5247.6 1.6% HANG SENG INDEX 1.36 1.36 1.26 1.15 1.36 1.76 1.76 1.63 1.50 1.76 8.18 8.18 7.73 7.34 8.18 8.45 8.45 7.69 7.09 8.45 10.97 10.97 10.08 9.17 10.97 3.53 3.53 3.81 4.22 3.53 24962.1 8.1% MSCI EM 1.47 1.47 1.16 1.23 1.47 1.02 1.02 0.95 0.90 1.02 7.16 7.16 6.60 6.20 7.16 6.52 6.52 5.97 5.61 6.52 11.04 11.04 9.88 9.20 11.04 2.80 2.80 3.09 3.38 2.80 1184.0 13.2% ENDEAVOUR MINING CORP 1.02 0.74 0.57 0.57 0.35 2.08 2.18 1.80 1.61 0.80 3.62 2.73 2.24 2.10 1.66 5.68 6.24 5.09 4.76 1.52 2.61 196.6% FORTUNA SILVER MINES INC 1.42 1.15 0.98 0.84 0.75 2.03 2.02 1.68 1.64 5.12 5.57 4.71 4.53 4.43 3.99 3.85 2.74 2.64 3.02 9.96 11.41 8.49 8.21 8.33 4.94 76.4% MCEWEN MINING INC 0.64 0.58 0.53 4.06 2.81 1.96 14.64 58.57 10.25 10.25 13.43 4.95 2.71 22.78 25.63 10.79 41.00 5.13 150.0% MAG SILVER CORP 2.76 2.97 3.26 3.44 14.25 118.9% PRIMERO MINING CORP 0.86 0.84 0.87 0.74 2.67 2.45 1.97 1.45 1.12 5.47 6.08 4.91 4.64 2.78 4.47 4.33 2.83 1.88 1.25 10.26 11.75 8.52 7.29 4.18 0.00 0.00 8.60 66.4% KINGSGATE CONSOLIDATED LTD 0.33 0.30 0.28 0.26 0.22 0.68 0.73 0.64 0.52 0.38 2.05 1.99 1.47 1.32 1.11 2.25 3.33 2.65 2.42 1.78 2.75 6.80 6.45 6.09 3.26 13.07 6.63 11.19 14.65 25.78 3.15 91.2% TIMMINS GOLD CORP 1.99 1.51 1.20 1.20 2.00 1.63 1.49 1.42 1.37 5.62 4.55 4.72 4.77 4.35 4.14 3.51 3.43 3.70 3.43 7.99 6.49 6.67 6.38 6.08 0.00 0.00 0.00 3.43 54.4% ST BARBARA LTD 0.38 0.30 0.28 0.26 0.33 0.56 0.57 0.49 0.45 0.54 0.94 2.67 1.61 1.41 2.05 2.08 2.87 1.91 1.89 2.37 1.71 7.65 4.00 4.25 8.73 0.00 0.00 1.94 2.90 2.58 1.27 105.3% PREMIER GOLD MINES LTD 0.61 135.21 0.00 5.57 223.8% NORTHERN STAR RESOURCES LTD 3.30 2.50 2.03 1.74 1.65 2.80 2.30 1.87 1.82 1.11 7.18 4.93 5.49 6.42 3.63 5.22 3.55 2.91 3.26 2.14 12.95 9.80 7.80 7.80 5.75 0.00 3.59 4.14 3.45 4.83 1.01 39.6% TANZANIAN ROYALTY EXPLORATIO REAL GOLD MINING LTD 1.43 4.51 6.03 3.35 7.56 0.00 GOLDEN STAR RESOURCES LTD 0.42 0.43 0.42 0.38 0.33 0.38 0.37 0.37 0.36 1.56 3.11 2.04 1.96 1.43 2.04 2.95 1.94 1.83 3.59 14.58 8.24 6.60 2.03 0.00 0.95 36.0% ROMARCO MINERALS INC 0.22 0.91 2.24 1.04 8.07 2.42 12.11 1.48 300.0% BANRO CORPORATION 0.64 6.12 1.85 0.76 0.71 0.65 97.30 4.98 1.63 1.31 1.41 222.05 8.63 2.42 2.32 1.91 18.45 3.39 3.21 2.61 0.93 0.00 0.00 5.61 6.54 1.94 78.0% COLOSSUS MINERALS INC 1.68 1.74 0.68 0.48 4.56 0.67 0.66 0.69 1.77 1.49 1.87 16.81 0.98 0.90 2.13 1.80 2.35 0.00 0.00 6.76 269.4% RAINY RIVER RESOURCES LTD 0.94 210.94 210.94 2.54 191.82 4.14 0.00 6.61 213.2% SULLIDEN GOLD CORP LTD 0.81 18.05 1.59 4.82 5.13 1.95 4.32 4.56 1.72 110.0% ASANKO GOLD INC 0.86 0.92 2.26 0.72 2.85 1.08 384.59 4.27 0.00 0.00 0.00 0.00 4.34 84.8% BEAR CREEK MINING CORP 1.23 2.33 4.01 116.9% PARAMOUNT GOLD AND SILVER 0.80 0.56 1.00 3.67 165.9% KIRKLAND LAKE GOLD INC 1.04 0.98 0.87 0.73 1.48 1.57 0.93 0.69 0.53 4.58 9.21 3.76 1.94 1.29 4.72 9.68 2.94 1.91 1.48 4.81 437.50 6.48 2.84 2.11 9.01 157.5% GUYANA GOLDFIELDS INC 0.77 0.63 0.39 0.33 0.28 0.46 0.92 0.76 2.30 1.38 1.35 1.07 3.82 1.95 0.00 5.26 246.2% HIGHLAND GOLD MINING LTD 0.51 0.46 0.42 0.39 0.35 1.16 1.03 0.88 0.90 0.90 2.97 3.51 2.87 2.92 2.41 2.24 2.15 1.80 1.84 1.96 3.92 4.42 3.85 4.28 5.58 6.03 5.78 6.19 5.86 6.51 140.04 73.4% INDOPHIL RESOURCES NL LYDIAN INTERNATIONAL LTD 2.51 1.69 1.88 1.22 7.03 3.36 19.50 15.93 3.56 140.7% SABINA GOLD & SILVER CORP 0.65 0.38 0.65 0.67 0.00 4.28 278.3% LAKE SHORE GOLD CORP 0.13 0.18 0.17 0.86 0.60 0.45 0.45 0.37 2.76 1.88 1.30 1.21 0.78 6.73 2.78 1.73 2.03 1.23 5.80 3.49 3.22 1.23 324.6% BRIGUS GOLD CORP 0.50 1.15 0.92 0.88 0.71 0.51 2.60 1.96 2.04 1.86 1.50 3.79 2.61 2.32 1.93 1.84 6.13 4.06 4.52 3.25 2.86 1.41 134.9% GREAT PANTHER SILVER LTD 1.80 1.97 1.64 6.09 11.56 6.75 4.26 4.26 4.74 10.69 4.66 12.46 23.13 16.19 16.19 26.98 1.23 54.8% INTREPID MINES LTD 0.92 1.09 1.13 0.96 0.64 4629.42 4.76 0.65 0.00 0.00 0.00 0.00 0.24 -14.3% VISTA GOLD CORP 0.77 0.41 0.42 1.46 0.28 0.50 0.49 0.58 6.75 411.7% ALEXCO RESOURCE CORP 1.13 1.30 1.07 0.94 0.70 4.46 6.40 3.25 2.36 1.78 7.24 39.11 39.12 28.92 13.49 3.86 3.20 101.1% ATAC RESOURCES LTD 1.23 1.09 1.00 0.93 3.53 259.7% SCORPIO MINING CORP 1.94 1.79 0.88 6.87 5.54 1.63 1.00 5.06 5.68 3.24 11.50 13.53 3.46 2.19 1.78 287.7% MIDWAY GOLD CORP 1.17 2.00 1.36 1.34 1.76 0.98 35.97 29.97 26.07 1.85 29.97 1.77 101.0% PATAGONIA GOLD PLC GRYPHON MINERALS LTD 0.42 0.44 0.41 0.36 0.20 37.38 121.19 67.33 1.57 0.55 8.85 1.68 1.53 2.52 0.59 4.42 1.97 0.00 0.00 0.00 0.00 0.00 0.60 162.8% DRDGOLD LTD-SPONSORED ADR 1.03 0.86 5.35 3.62 7.11 4.71 5.27 7.03 8.40 37.9% RED 5 LTD 0.62 0.58 0.47 0.37 6.09 1.92 0.67 0.64 0.42 10.88 1.20 1.01 20.24 11.47 1.27 1.13 0.69 22.96 2.45 1.86 1.44 0.00 0.00 0.00 0.00 0.97 56.5% LINGBAO GOLD CO LTD-H 0.53 0.53 0.51 0.50 0.19 0.19 0.20 0.23 6.65 7.06 6.57 6.91 6.37 9.55 9.29 12.73 4.31 3.49 3.20 2.33 2.14 -1.4% INTL TOWER HILL MINES LTD 0.36 0.52 0.31 0.00 4.06 385.4% SARACEN MINERAL HOLDINGS LTD 0.52 0.34 0.30 0.26 0.21 0.50 0.44 0.40 0.32 0.33 1.61 1.65 1.40 1.08 1.29 1.65 1.61 1.21 0.88 1.12 3.52 4.43 2.25 1.91 1.63 0.00 0.00 0.00 7.10 6.45 0.30 91.9% EXETER RESOURCE CORP 1.19 4.55 519.3% RICHMONT MINES INC 0.68 0.68 0.54 6.47 5.94 2.54 17.26 40.28 5.03 3.60 102.3% RAMELIUS RESOURCES LTD 0.43 0.25 0.25 0.22 0.74 0.54 0.41 0.45 0.34 9.32 6.41 1.88 1.86 1.67 1.19 0.55 0.59 0.53 5.54 25.63 2.41 2.81 3.42 0.00 0.00 1.95 2.93 9.76 0.34 63.4% GOLDEN MINERALS CO 2.60 2.00 1.25 0.84 25.00 1.55 0.53 2.94 4.03 168.5% SAN GOLD CORP 0.19 0.21 0.32 0.35 0.27 1.16 1.63 0.95 1.04 1.04 1.19 1.36 0.98 1.84 0.23 70.4% OREZONE GOLD CORP 0.26 6.58 0.67 5.06 5.46 8.22 2.50 273.8% GRAN COLOMBIA GOLD CORP 0.31 0.37 0.30 0.19 2.38 1.85 0.83 6.63 25.19 5.25 2.49 5.56 5.56 1.67 0.70 311.8% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Goldcorp, Inc. is engaged in the acquisition, exploration, development and operation of precious metal properties in Canada, the Unites States, Mexico and Central and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 47.42 52-Week Low (17.04.2013) 27.11 Daily Volume 27.3 52-Week High % Change -42.43% Dividend Yield 2.03 52-Week Low % Change 0.70% Beta 0.73 % 52 Week Price Range High/Low 0.94% Equity Float 809.15 Shares Out 30.04.2013 812.0 Short Int 7.29 22'264.98 1 Yr Total Return -15.34% Total Debt 783.00 YTD Return -25.03% Preferred Stock 0.0 Adjusted BETA 0.730 Minority Interest 213.0 Analyst Recs 27 Cash and Equivalents 918.00 Consensus Rating 4.333 Enterprise Value 22'738.98 Average Volume 5 Day 7'053'540 GG US EQUITY YTD Change - Average Volume 30 Day 8'147'308 GG US EQUITY YTD % CHANGE - Average Volume 3 Month 7'330'675 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 2'419.6 2'723.6 3'738.0 5'362.0 5'435.0 5'357 5'101 4'905 6'245 1'171 1'289 9.42x 10.50x 9.95x 6.61x 5.50x 27.45x 24.55x 4.83x 3.77x 19.67x 18.04x 1'052.2 1'366.2 2'026.0 2'336.0 2'798.0 2'966.0 2'532.0 2'391.9 3'464.5 569.6 660.7 21.66x 20.94x 18.36x 15.18x 10.69x 12.15x 10.97x 9.51x 6.56x 8.86x 8.74x 1'475.6 240.2 2'051.0 1'187.0 1'749.0 1'709.0 1'579.0 1'192.9 1'767.9 220.9 294.6 57.34x 50.85x 30.36x 22.24x 18.47x 23.69x 19.73x 19.46x 13.01x 18.27x 16.28x EBITDA 2'798.00 Long-Term Rating Date 01.06.2009 EBIT 2'123.00 Long-Term Rating BBB+ Operating Margin 39.06% Long-Term Outlook STABLE Pretax Margin 41.44% Short-Term Rating Date - Return on Assets 5.06% Short-Term Rating - Return on Common Equity 7.08% Return on Capital 6.69% EBITDA/Interest Exp. 93.27 Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. 6.33 Net Debt/EBITDA 0.10 Gross Margin 44.6% Total Debt/EBITDA 0.90 EBITDA Margin 49.6% EBIT Margin 36.6% Total Debt/Equity 3.4% Net Income Margin 32.2% Total Debt/Capital 3.3% Asset Turnover 0.16 Current Ratio 2.15 Net Fixed Asset Turnover 0.20 Quick Ratio 1.39 Accounts receivable turnover-days 42.40 Debt to Assets 2.51% Inventory Days 85.97 Tot Debt to Common Equity 3.45% Accounts Payable Turnover Day 88.00 Accounts Receivable Turnover 8.61 Cash Conversion Cycle 33.03 Inventory Turnover 4.25 Fiscal Year Ended Goldcorp Inc Price/Volume Valuation Analysis 8'974'858.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 30 35 40 45 50 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 1'000.0 2'000.0 3'000.0 4'000.0 5'000.0 6'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 95'391'332 11.75 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 30'706'526 3.78 (2'230'630) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 28'365'944 3.49 (3'227'565) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 23'371'159 2.88 379'529 31.03.2013 Bank BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 19'122'015 2.35 (574'672) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 18'417'273 2.27 7'264'832 31.03.2013 Hedge Fund Manager CARMIGNAC GESTION CARMIGNAC GESTION 13F 17'580'357 2.17 17'580'357 31.12.2012 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 15'798'349 1.95 5'678'487 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 15'368'322 1.89 (264'603) 31.03.2013 Investment Advisor CI INVESTMENTS INC Multiple Portfolios MF-AGG 12'996'285 1.6 (440'597) 31.12.2012 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 11'582'812 1.43 (224'052) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 11'409'803 1.41 1'401'951 31.12.2012 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 11'159'562 1.37 3'920'300 31.03.2013 Investment Advisor RS INVESTMENT MANAGE RS INVESTMENT MANAGE 13F 8'785'563 1.08 4'171'254 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 8'426'680 1.04 (27'800) 31.12.2012 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 7'186'295 0.89 (176'695) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 6'835'256 0.84 1'053'271 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 6'076'235 0.75 (1'030'733) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 5'947'164 0.73 1'660'114 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 5'776'522 0.71 1'267'153 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 42 Not Provided 09.05.2013 Credit Suisse ANITA SONI neutral 3 M 35 Not Provided 09.05.2013 JPMorgan JOHN BRIDGES overweight 5 M 47 12 month 09.05.2013 Macquarie TONY LESIAK outperform 5 M 40 12 month 09.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 41 12 month 09.05.2013 GMP GEORGE V ALBINO buy 5 M 61 Not Provided 09.05.2013 TD Securities GREG BARNES buy 5 M 37 12 month 09.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 36 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector outperform 5 M 45 Not Provided 08.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 35 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 43 12 month 07.05.2013 Stifel GEORGE J TOPPING buy 5 M 36 12 month 03.05.2013 Salman Partners DAVID WEST top pick 5 M 46 12 month 03.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 44 12 month 03.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 28 Not Provided 03.05.2013 Barclays FAROOQ HAMED overweight 5 M 38 Not Provided 03.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 28 12 month 02.05.2013 Jefferies PETER D WARD hold 3 M 27 12 month 02.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 35 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 39 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 15.03.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 08.01.2013 Raymond James BRAD HUMPHREY Under Review #N/A N/A N #N/A N/A Not Provided 19.11.2008 Holdings By: Goldcorp Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 43.30 52-Week Low (17.04.2013) 17.51 Daily Volume 19.44 52-Week High % Change -55.10% Dividend Yield 4.12 52-Week Low % Change 11.02% Beta 0.79 % 52 Week Price Range High/Low 7.48% Equity Float 998.50 Shares Out 30.04.2013 1'001.2 Short Int 13.82 19'462.40 1 Yr Total Return -43.57% Total Debt 13'943.00 YTD Return -44.12% Preferred Stock 0.0 Adjusted BETA 0.792 Minority Interest 2'663.0 Analyst Recs 32 Cash and Equivalents 2'093.00 Consensus Rating 3.938 Enterprise Value 34'609.40 Average Volume 5 Day 16'409'598 ABX US EQUITY YTD Change - Average Volume 30 Day 25'081'874 ABX US EQUITY YTD % CHANGE - Average Volume 3 Month 17'541'120 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 7'613.0 8'136.0 11'001.0 14'236.0 14'547.0 14'793.0 14'340.0 13'583.2 14'589.4 3'306.0 3'425.3 4.64x 5.27x 5.25x 4.08x 3.41x 15.70x 14.05x 2.60x 2.43x 10.56x 10.31x 3'010.0 3'589.0 6'211.0 8'327.0 7'358.0 8'579.0 7'071.0 6'625.6 7'258.9 1'583.0 1'700.6 11.75x 11.95x 9.30x 6.98x 6.73x 6.58x 6.30x 5.22x 4.77x 5.24x 5.32x 785.0 (4'274.0) 3'582.0 4'484.0 (665.0) 4'522.0 (847.0) 3'096.5 3'322.4 660.6 736.0 20.18x 16.56x 15.62x 9.79x 9.36x 9.18x 8.90x 6.16x 5.84x 6.60x 6.43x EBITDA 7'358.00 Long-Term Rating Date 26.04.2013 EBIT 5'636.00 Long-Term Rating BBB Operating Margin 38.74% Long-Term Outlook NEG Pretax Margin -6.28% Short-Term Rating Date 19.05.2011 Return on Assets -1.71% Short-Term Rating A-2 Return on Common Equity -3.63% Return on Capital - EBITDA/Interest Exp. 9.89 Asset Turnover 0.29% (EBITDA-Capex)/Interest Exp. 1.33 Net Debt/EBITDA 1.76 Gross Margin 47.4% Total Debt/EBITDA 2.09 EBITDA Margin 49.3% EBIT Margin 37.2% Total Debt/Equity 63.8% Net Income Margin -4.6% Total Debt/Capital 36.3% Asset Turnover 0.29 Current Ratio 1.33 Net Fixed Asset Turnover 0.48 Quick Ratio 0.58 Accounts receivable turnover-days 10.51 Debt to Assets 29.49% Inventory Days 125.35 Tot Debt to Common Equity 63.83% Accounts Payable Turnover Day 94.50 Accounts Receivable Turnover 34.72 Cash Conversion Cycle 33.82 Inventory Turnover 2.91 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Barrick Gold Corp Price/Volume Valuation Analysis 23'816'719.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 70.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 14'000.0 16'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 87'777'710 8.77 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 29'144'249 2.91 (4'654'979) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 27'711'488 2.77 (2'358'585) 31.03.2013 Bank CAPITAL GROUP COMPAN n/a ULT-AGG 27'616'252 2.76 (47'634'385) 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 26'847'836 2.68 16'089'445 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 23'305'185 2.33 11'852'598 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 19'232'728 1.92 (765'564) 31.03.2013 Investment Advisor CI INVESTMENTS INC Multiple Portfolios MF-AGG 17'663'919 1.76 771'337 31.12.2012 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 17'095'925 1.71 (4'625'429) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 14'741'836 1.47 (68'927) 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 14'548'226 1.45 3'777'420 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 14'348'784 1.43 925'862 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 13'797'555 1.38 (4'803'846) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 13'586'744 1.36 1'359'379 31.12.2012 Investment Advisor INSTITUTIONAL CAPITA INSTITUTIONAL CAPITA 13F 12'481'312 1.25 (248'326) 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 10'376'354 1.04 (576'200) 31.12.2012 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 9'682'770 0.97 128'664 31.03.2013 Investment Advisor OLDFIELD PARTNERS LL OLDFIELD PARTNERS LL 13F 8'964'554 0.9 1'678'488 31.03.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 8'491'106 0.85 2'265'919 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 8'451'322 0.84 2'825'528 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank JORGE M BERISTAIN hold 3 M 23 12 month 13.05.2013 Salman Partners DAVID WEST buy 5 M 30 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 30 Not Provided 09.05.2013 Credit Suisse ANITA SONI outperform 5 M 36 Not Provided 09.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 31 6 month 09.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 28 Not Provided 09.05.2013 Canaccord Genuity Corp STEVEN BUTLER hold 3 M 23 12 month 09.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 34 Not Provided 09.05.2013 GMP GEORGE V ALBINO buy 5 M 50 Not Provided 09.05.2013 TD Securities GREG BARNES hold 3 M 24 12 month 09.05.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 24 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 33 Not Provided 08.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 27 Not Provided 08.05.2013 Argus Research Corp WILLIAM V SELESKY hold 3 M #N/A N/A Not Provided 03.05.2013 Macquarie TONY LESIAK neutral 3 M 21 12 month 03.05.2013 Hamburger Sparkasse INGO SCHMIDT buy 5 M #N/A N/A Not Provided 03.05.2013 Stifel GEORGE J TOPPING buy 5 M 34 12 month 03.05.2013 Jefferies PETER D WARD buy 5 M 30 12 month 30.04.2013 Cormark Securities Inc. RICHARD GRAY market perform 3 M 26 12 month 30.04.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 25.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 33 12 month 25.04.2013 Veritas Investment Research Co PAWEL RAJSZEL buy 5 M 28 Not Provided 25.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 24 12 month 24.04.2013 Barclays FAROOQ HAMED equalweight 3 M 24 Not Provided 24.04.2013 EVA Dimensions CRAIG STERLING sell 1 D #N/A N/A Not Provided 26.02.2013 S&P Capital IQ LEO LARKIN buy 5 M 38 12 month 15.02.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 20.11.2012 Investec PIETER MARAIS hold 3 M 48 Not Provided 18.03.2011 Holdings By: Barrick Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 57.93 52-Week Low (30.04.2013) 31.33 Daily Volume 31.57 52-Week High % Change -45.50% Dividend Yield 4.67 52-Week Low % Change 0.77% Beta 0.67 % 52 Week Price Range High/Low 0.90% Equity Float 491.01 Shares Out 22.04.2013 492.3 Short Int 16.84 15'750.92 1 Yr Total Return -25.04% Total Debt 6'298.00 YTD Return -31.28% Preferred Stock 0.0 Adjusted BETA 0.673 Minority Interest 3'175.0 Analyst Recs 24 Cash and Equivalents 1'647.00 Consensus Rating 3.833 Enterprise Value 23'917.92 Average Volume 5 Day 6'667'299 NEM US EQUITY YTD Change - Average Volume 30 Day 9'507'130 NEM US EQUITY YTD % CHANGE - Average Volume 3 Month 8'849'534 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 6'124.0 7'705.0 9'540.0 10'358.0 9'868.0 10'576.0 9'362.0 9'215.8 10'761.2 2'208.0 2'318.6 3.70x 3.46x 3.45x 3.38x 3.13x 12.61x 13.44x 2.63x 2.25x 10.95x 10.49x 2'139.0 3'799.0 5'118.0 5'162.0 4'169.0 5'185.0 3'731.0 3'491.3 4'396.1 808.0 875.5 10.60x 7.02x 6.43x 6.78x 7.41x 6.08x 7.72x 6.85x 5.44x 6.46x 6.07x 831.0 1'297.0 2'277.0 366.0 1'809.0 342.0 1'634.0 1'382.9 1'977.4 281.4 326.0 20.98x 16.99x 13.50x 13.92x 12.29x 11.70x 12.55x 11.67x 9.27x 10.75x 9.80x EBITDA 4'169.00 Long-Term Rating Date 11.08.2008 EBIT 3'137.00 Long-Term Rating BBB+ Operating Margin 31.79% Long-Term Outlook NEG Pretax Margin 31.04% Short-Term Rating Date - Return on Assets 5.59% Short-Term Rating - Return on Common Equity 12.12% Return on Capital 9.02% EBITDA/Interest Exp. 11.71 Asset Turnover 0.32% (EBITDA-Capex)/Interest Exp. 2.69 Net Debt/EBITDA 1.32 Gross Margin 46.6% Total Debt/EBITDA 1.71 EBITDA Margin 39.9% EBIT Margin 28.4% Total Debt/Equity 45.7% Net Income Margin 18.3% Total Debt/Capital 27.1% Asset Turnover 0.32 Current Ratio 1.89 Net Fixed Asset Turnover 0.54 Quick Ratio 0.80 Accounts receivable turnover-days 28.77 Debt to Assets 21.24% Inventory Days 111.05 Tot Debt to Common Equity 45.73% Accounts Payable Turnover Day 34.85 Accounts Receivable Turnover 12.69 Cash Conversion Cycle 89.70 Inventory Turnover 3.29 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Newmont Mining Corp Price/Volume Valuation Analysis 9'295'938.00 Current Price (5/dd/yy) Market Data 0 10 20 30 40 50 60 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 61'681'268 12.53 - 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 23'252'143 4.72 1'215'913 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 21'606'678 4.39 108'377 15.05.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 19'347'700 3.93 (32'540'600) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 18'679'612 3.79 (1'772'862) 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 12'509'376 2.54 8'462'980 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 11'032'090 2.24 (1'096'373) 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 10'350'619 2.1 2'264'400 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 7'585'611 1.54 (37'784) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 7'349'484 1.49 470'862 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 7'008'200 1.42 7'008'200 31.12.2012 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 6'023'181 1.22 (290'400) 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 5'834'755 1.19 (4'006'058) 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 5'497'991 1.12 453'905 31.03.2013 Unclassified UBS n/a ULT-AGG 5'431'744 1.1 655'171 31.03.2013 Unclassified LAZARD ASSET MANAGEM n/a ULT-AGG 4'937'393 1 (276'645) 31.03.2013 Unclassified JP MORGAN n/a ULT-AGG 4'884'655 0.99 (1'656'954) 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 4'796'938 0.97 (408'945) 31.12.2012 Government BANK OF AMERICA CORP BANK OF AMERICA 13F 4'420'359 0.9 747'540 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 3'840'057 0.78 261'014 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argus Research Corp WILLIAM V SELESKY buy 5 M 42 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 34 Not Provided 13.05.2013 Stifel GEORGE J TOPPING hold 3 M #N/A N/A Not Provided 03.05.2013 JPMorgan JOHN BRIDGES overweight 5 M 51 6 month 01.05.2013 Jefferies PETER D WARD hold 3 M 30 12 month 01.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS buy 5 M 48 12 month 01.05.2013 TD Securities GREG BARNES hold 3 M 37 12 month 01.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 U 42 12 month 01.05.2013 Credit Suisse ANITA SONI neutral 3 M 45 Not Provided 30.04.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 45 Not Provided 30.04.2013 BB&T Capital Markets GARRETT S. NELSON buy 5 M 42 12 month 30.04.2013 Barclays FAROOQ HAMED overweight 5 M 45 Not Provided 30.04.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 30.04.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 56 Not Provided 29.04.2013 Deutsche Bank JORGE M BERISTAIN sell 1 M 24 12 month 29.04.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 41 12 month 29.04.2013 HSBC PATRICK CHIDLEY overweight 5 M 39 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 41 12 month 23.04.2013 GMP GEORGE V ALBINO buy 5 M 60 Not Provided 02.04.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 44 Not Provided 07.11.2012 S&P Capital IQ LEO LARKIN hold 3 D 53 12 month 07.09.2012 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 27.04.2012 Holdings By: Newmont Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Randgold Resources Ltd. provides mining services. The Company offers acquisition, development, and exploration of gold and other precious metal in Africa. Latest Fiscal Year: 12/2011 LTM as of: 03/yy 52-Week High (05.10.2012) 127.27 52-Week Low (17.04.2013) 66.51 Daily Volume 72 52-Week High % Change -43.43% Dividend Yield 0.69 52-Week Low % Change 8.25% Beta 0.64 % 52 Week Price Range High/Low 9.04% Equity Float - Shares Out 30.04.2013 92.1 Short Int 1.36 6'633.50 1 Yr Total Return -2.14% Total Debt 18.02 YTD Return -26.98% Preferred Stock 0.0 Adjusted BETA 0.644 Minority Interest 166.1 Analyst Recs 10 Cash and Equivalents 390.76 Consensus Rating 4.400 Enterprise Value 6'541.92 Average Volume 5 Day 743'752 GOLD US EQUITY YTD Change - Average Volume 30 Day 980'909 GOLD US EQUITY YTD % CHANGE - Average Volume 3 Month 781'136 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 338.6 432.8 484.6 1'127.1 1'317.8 1'175.7 1'331.2 1'383.4 1'791.2 339.0 361.0 9.01x 15.50x 14.79x 7.97x 6.59x 27.71x 26.69x 4.76x 3.39x - - 97.3 142.3 164.3 581.9 699.2 622.0 688.9 697.0 989.4 - - 31.34x 47.15x 43.62x 15.44x 12.43x 12.18x 11.41x 9.39x 6.61x - - 41.6 69.4 103.5 383.9 431.8 431.7 412.0 424.2 657.8 85.0 94.5 78.87x 94.26x 72.03x 24.30x 20.57x 18.19x 19.26x 16.64x 10.70x 15.17x 13.33x EBITDA 699.18 Long-Term Rating Date - EBIT 567.44 Long-Term Rating - Operating Margin 43.06% Long-Term Outlook - Pretax Margin 43.12% Short-Term Rating Date - Return on Assets 14.57% Short-Term Rating - Return on Common Equity 16.52% Return on Capital 18.72% EBITDA/Interest Exp. 582.65 Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 114.09 Net Debt/EBITDA -0.36 Gross Margin 51.1% Total Debt/EBITDA 0.00 EBITDA Margin 51.7% EBIT Margin 39.9% Total Debt/Equity 0.7% Net Income Margin 32.8% Total Debt/Capital 0.6% Asset Turnover 0.47 Current Ratio 4.07 Net Fixed Asset Turnover 1.07 Quick Ratio 1.92 Accounts receivable turnover-days - Debt to Assets 0.58% Inventory Days - Tot Debt to Common Equity 0.69% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 136.09 Inventory Turnover - Fiscal Year Ended Randgold Resources Ltd Price/Volume Valuation Analysis 765'378.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 20 40 60 80 100 120 140 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 8'511'020 9.24 (58'542) 14.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 6'269'467 6.8 255'676 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'186'287 6.71 (441'271) 15.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 4'337'790 4.71 288'408 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 3'917'000 4.25 3'917'000 31.12.2012 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'639'811 1.78 442'950 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'530'963 1.66 (121'450) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'487'200 1.61 954'000 31.03.2013 Holding Company FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'264'736 1.37 - 31.03.2013 Hedge Fund Manager JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 1'081'729 1.17 67'989 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'032'315 1.12 213'780 31.03.2013 Unclassified OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 956'494 1.04 300'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 947'594 1.03 (20'901) 31.03.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 926'192 1.01 (4'310) 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 891'270 0.97 (60'950) 31.03.2013 Hedge Fund Manager IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 775'000 0.84 550'000 31.03.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 676'284 0.73 (145'226) 15.05.2013 Investment Advisor ASA BERMUDA LIMITED ASA BERMUDA LIMITED 13F 444'700 0.48 - 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 425'216 0.46 128'654 31.03.2013 Bank UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 416'777 0.45 156'408 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY overweight 5 M 91 Not Provided 07.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 120 18 month 07.05.2013 Dundee Securities Corp JOSH WOLFSON buy 5 M 100 12 month 03.05.2013 BMO Capital Markets ANDREW BREICHMANAS outperform 5 M 100 Not Provided 02.05.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 94 12 month 23.04.2013 Canaccord Genuity Corp TIM DUDLEY buy 5 M 133 12 month 11.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 28.03.2013 S&P Capital IQ LEO LARKIN buy 5 M 125 Not Provided 16.11.2012 GARP Research SETH DADDS buy 5 M #N/A N/A Not Provided 10.08.2012 Holdings By: Randgold Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Yamana Gold Inc. is an intermediate gold producer with production, development stage, and exploration properties throughout Brazil. The Company also holds gold exploration properties in Argentina. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (09.11.2012) 20.59 52-Week Low (17.04.2013) 11.02 Daily Volume 11.09 52-Week High % Change -46.14% Dividend Yield - 52-Week Low % Change 0.64% Beta 0.75 % 52 Week Price Range High/Low 0.73% Equity Float 749.87 Shares Out 30.04.2013 752.4 Short Int 5.36 8'344.19 1 Yr Total Return -13.45% Total Debt 765.91 YTD Return -35.28% Preferred Stock 0.0 Adjusted BETA 0.747 Minority Interest 46.8 Analyst Recs 23 Cash and Equivalents 349.59 Consensus Rating 4.304 Enterprise Value 8'908.90 Average Volume 5 Day 6'461'217 AUY US EQUITY YTD Change - Average Volume 30 Day 8'449'024 AUY US EQUITY YTD % CHANGE - Average Volume 3 Month 7'855'324 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 949.4 1'183.3 1'686.8 2'173.3 2'336.8 2'257.0 2'311.9 2'481.1 2'997.5 551.3 652.8 6.36x 7.39x 5.76x 5.04x 5.73x 18.35x 22.46x 3.61x 2.86x 16.16x 13.70x 438.9 575.5 884.1 1'262.7 1'269.4 1'302.7 1'164.1 1'271.0 1'672.3 262.7 337.7 13.76x 15.19x 11.00x 8.67x 10.56x 8.88x 10.44x 7.01x 5.33x 6.78x 6.46x 434.8 192.6 466.5 548.3 442.1 570.1 374.1 533.8 750.8 113.0 153.0 - - - - - 0.00x 0.00x 14.18x 10.44x 13.79x 12.34x EBITDA 1'269.45 Long-Term Rating Date - EBIT 885.71 Long-Term Rating - Operating Margin 37.90% Long-Term Outlook - Pretax Margin 34.88% Short-Term Rating Date - Return on Assets 3.25% Short-Term Rating - Return on Common Equity 4.84% Return on Capital - EBITDA/Interest Exp. 22.03 Asset Turnover 0.20% (EBITDA-Capex)/Interest Exp. -4.66 Net Debt/EBITDA 0.44 Gross Margin 64.4% Total Debt/EBITDA 0.74 EBITDA Margin 50.4% EBIT Margin 33.4% Total Debt/Equity 9.8% Net Income Margin 18.9% Total Debt/Capital 8.9% Asset Turnover 0.20 Current Ratio 1.38 Net Fixed Asset Turnover 0.24 Quick Ratio 0.78 Accounts receivable turnover-days 19.25 Debt to Assets 6.49% Inventory Days 70.76 Tot Debt to Common Equity 9.80% Accounts Payable Turnover Day 130.52 Accounts Receivable Turnover 18.96 Cash Conversion Cycle -62.98 Inventory Turnover 5.16 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Yamana Gold Inc Price/Volume Valuation Analysis 9'955'697.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 20.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 32'345'793 4.3 1'752'155 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 28'005'526 3.72 (2'389'675) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 21'120'135 2.81 186'776 31.03.2013 Bank ALLIANZ ASSET MANAGE n/a ULT-AGG 18'951'251 2.52 8'923'202 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 18'879'315 2.51 (21'825'881) 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 12'696'118 1.69 12'696'118 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 11'430'227 1.52 11'430'227 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 10'433'341 1.39 10'433'341 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 10'227'965 1.36 10'227'965 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 9'535'253 1.27 307'566 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 9'490'738 1.26 3'729'389 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 8'469'389 1.13 3'072'073 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 7'226'163 0.96 (304'473) 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 6'942'805 0.92 6'942'805 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 6'398'774 0.85 6'398'774 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 6'069'801 0.81 6'069'801 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 6'019'943 0.8 783'343 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 5'913'740 0.79 (332'388) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 5'822'420 0.77 352'746 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 5'339'800 0.71 (619'328) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 13 Not Provided 13.05.2013 National Bank Financial STEPHEN PARSONS outperform 5 M 19 12 month 10.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 14 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 20 12 month 07.05.2013 HSBC PATRICK CHIDLEY neutral 3 M 12 Not Provided 06.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 19 12 month 02.05.2013 TD Securities STEVEN J GREEN buy 5 M 18 12 month 02.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 12 Not Provided 02.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 14 12 month 01.05.2013 Credit Suisse ANITA SONI outperform 5 M 19 Not Provided 01.05.2013 CIBC World Markets ALEC KODATSKY sector outperform 5 M 19 Not Provided 01.05.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 17 12 month 01.05.2013 GMP GEORGE V ALBINO buy 5 M 22 Not Provided 01.05.2013 Barclays FAROOQ HAMED overweight 5 M 16 Not Provided 01.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 22 Not Provided 30.04.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 20 Not Provided 30.04.2013 Macquarie TONY LESIAK neutral 3 M 12 12 month 25.04.2013 Morgan Stanley PARETOSH MISRA Overwt/In-Line 5 M 16 12 month 23.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 17 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 Davy BART JAWORSKI underperform 1 D #N/A N/A Not Provided 15.04.2013 VSA Capital Ltd CHARLIE LONG not rated #N/A N/A M #N/A N/A Not Provided 10.01.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 21 12 month 19.06.2012 Holdings By: Yamana Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Gold Fields Limited produces precious metals. The Company has mines in South Africa, Ghana, and Australia, as well as a partnership in Finland. Gold Fields has a precious metals programs in Africa, Australasia, Europe, North America, and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.06.2012) 12.09 52-Week Low (15.05.2013) 6.06 Daily Volume 6.06 52-Week High % Change -49.86% Dividend Yield - 52-Week Low % Change 0.00% Beta 0.74 % 52 Week Price Range High/Low 0.00% Equity Float - Shares Out 07.03.2013 736.1 Short Int 6.16 4'461.06 1 Yr Total Return -38.74% Total Debt 16'015.70 YTD Return -43.07% Preferred Stock 0.0 Adjusted BETA 0.744 Minority Interest 1'803.9 Analyst Recs 3 Cash and Equivalents 5'195.60 Consensus Rating 3.000 Enterprise Value - Average Volume 5 Day 4'105'706 GFI US EQUITY YTD Change - Average Volume 30 Day 6'143'583 GFI US EQUITY YTD % CHANGE - Average Volume 3 Month 5'974'145 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 23'009.5 29'086.9 31'565.3 25'263.7 28'915.8 27'566.3 38'145.8 29'086.1 30'284.2 - - 3.10x 2.56x 2.56x 3.99x 3.05x 13.68x 8.85x 1.85x 1.71x - - 8'713.0 10'955.0 11'960.3 13'527.5 14'243.0 13'712.4 18'260.7 12'705.8 14'066.7 - - 8.19x 6.80x 6.75x 7.45x 6.20x 0.00x 3.66x - - - - 4'457.5 1'535.6 3'631.4 7'026.7 5'658.1 8'055.0 6'365.9 4'713.9 5'404.3 - - - - - - - 0.00x 0.00x 9.41x 7.50x - - EBITDA 14'243.00 Long-Term Rating Date 15.11.2012 EBIT 10'149.20 Long-Term Rating BB+ Operating Margin 35.10% Long-Term Outlook STABLE Pretax Margin 22.47% Short-Term Rating Date 15.11.2012 Return on Assets 7.83% Short-Term Rating B Return on Common Equity 13.81% Return on Capital 10.97% EBITDA/Interest Exp. 24.36 Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 6.99 Net Debt/EBITDA 0.72 Gross Margin 38.7% Total Debt/EBITDA 1.01 EBITDA Margin 47.9% EBIT Margin 33.2% Total Debt/Equity 31.2% Net Income Margin 19.6% Total Debt/Capital 23.2% Asset Turnover 0.47 Current Ratio 1.76 Net Fixed Asset Turnover 0.64 Quick Ratio 0.39 Accounts receivable turnover-days - Debt to Assets 16.85% Inventory Days - Tot Debt to Common Equity 31.19% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 69.00 Inventory Turnover - Fiscal Year Ended Gold Fields Ltd Price/Volume Valuation Analysis 5'793'853.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 5'000.0 10'000.0 15'000.0 20'000.0 25'000.0 30'000.0 35'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 47'177'664 6.41 (20'500) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 40'934'319 5.56 5'017'592 15.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 24'337'148 3.31 1'371'059 31.03.2013 Investment Advisor THORNBURG INVESTMENT THORNBURG INVESTMENT 13F 12'217'700 1.66 5'072'700 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 9'090'390 1.23 2'820'234 30.04.2013 Investment Advisor FMR LLC n/a ULT-AGG 8'464'843 1.15 (1'275'318) 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 7'254'900 0.99 4'486'300 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'795'326 0.92 (1'745'314) 14.05.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 6'529'748 0.89 (11'852) 31.03.2013 Hedge Fund Manager NORGES BANK Multiple Portfolios MF-AGG 6'177'141 0.84 - 31.12.2012 Government RUFFER LLP RUFFER LLP 13F 5'396'309 0.73 (21'230) 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 4'906'608 0.67 (128'413) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'690'600 0.64 (472'200) 31.03.2013 Hedge Fund Manager UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 4'338'700 0.59 - 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 4'244'739 0.58 (225'930) 31.03.2013 Unclassified INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 3'930'403 0.53 (7'900) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'907'319 0.53 1'826 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 3'806'476 0.52 - 28.02.2013 Investment Advisor PROSPECTOR PARTNERS PROSPECTOR PARTNERS 13F 3'424'400 0.47 (349'900) 31.03.2013 Hedge Fund Manager CREDIT SUISSE AG CREDIT SUISSE AG 13F 3'168'803 0.43 2'839'790 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY neutral 3 D 8 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 8 12 month 23.04.2013 EVA Dimensions TEAM COVERAGE dropped coverage #N/A N/A M #N/A N/A Not Provided 18.01.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 13 12 month 04.03.2010 Holdings By: Gold Fields Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 41.30 52-Week Low (18.04.2013) 21.79 Daily Volume 22.18 52-Week High % Change -46.30% Dividend Yield - 52-Week Low % Change 1.79% Beta 1.08 % 52 Week Price Range High/Low 2.00% Equity Float 354.14 Shares Out 30.04.2013 354.6 Short Int 3.75 7'865.27 1 Yr Total Return -4.40% Total Debt 50.06 YTD Return -38.25% Preferred Stock 0.0 Adjusted BETA 1.079 Minority Interest 0.0 Analyst Recs 15 Cash and Equivalents 778.22 Consensus Rating 4.600 Enterprise Value 8'879.73 Average Volume 5 Day 5'562'602 SLW US EQUITY YTD Change - Average Volume 30 Day 6'530'004 SLW US EQUITY YTD % CHANGE - Average Volume 3 Month 5'481'579 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 166.7 239.3 423.4 730.0 849.6 771.5 855.7 964.8 1'085.3 229.2 243.2 12.14x 21.12x 31.91x 13.01x 14.18x 53.44x 53.99x 8.54x 7.62x 37.72x 35.72x 105.5 158.5 316.2 618.8 701.5 654.1 699.9 769.9 886.8 180.5 198.5 19.18x 31.87x 42.72x 15.35x 17.17x 16.49x 17.30x 11.53x 10.01x 11.54x 11.75x 17.3 117.9 153.4 550.0 586.0 575.0 572.3 573.7 650.5 124.5 136.8 - - - - - 0.00x 0.00x 13.98x 12.57x 14.37x 13.72x EBITDA 701.46 Long-Term Rating Date - EBIT 600.00 Long-Term Rating - Operating Margin 70.63% Long-Term Outlook - Pretax Margin 70.72% Short-Term Rating Date - Return on Assets 15.45% Short-Term Rating - Return on Common Equity 19.11% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.23% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA 1.45 Gross Margin 74.3% Total Debt/EBITDA 1.56 EBITDA Margin 81.8% EBIT Margin 69.1% Total Debt/Equity 1.6% Net Income Margin 69.0% Total Debt/Capital 1.6% Asset Turnover 0.23 Current Ratio 15.88 Net Fixed Asset Turnover 0.28 Quick Ratio 15.86 Accounts receivable turnover-days 2.45 Debt to Assets 1.57% Inventory Days - Tot Debt to Common Equity 1.61% Accounts Payable Turnover Day 21.26 Accounts Receivable Turnover 148.71 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Silver Wheaton Corp Price/Volume Valuation Analysis 6'872'492.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 26'099'114 7.36 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 14'997'993 4.23 66'224 15.05.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 13'917'000 3.92 13'917'000 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 6'521'841 1.84 (925'966) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 6'284'267 1.77 (378'634) 31.03.2013 Bank BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 5'382'984 1.52 180'499 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 4'958'532 1.4 (2'425) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 4'748'500 1.34 20'000 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 4'623'285 1.3 (1'872'251) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 4'349'599 1.23 90'737 31.12.2012 Investment Advisor TCW GROUP INC TCW GROUP INCORPORAT 13F 3'770'833 1.06 (18'415) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'473'930 0.98 (35'700) 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'333'501 0.94 420'000 31.03.2013 Investment Advisor GREAT WEST LIFE ASSU GREAT WEST LIFE ASSU 13F 3'099'463 0.87 (230'385) 31.03.2013 Insurance Company UBS n/a ULT-AGG 2'862'094 0.81 89'806 31.03.2013 Unclassified JP MORGAN n/a ULT-AGG 2'750'546 0.78 (488'041) 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 2'623'306 0.74 26'794 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 2'612'842 0.74 283'586 31.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 2'456'700 0.69 (5'718'600) 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'171'641 0.61 153'760 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Raymond James BRAD HUMPHREY outperform 5 M 41 12 month 14.05.2013 Salman Partners DAVID WEST top pick 5 M 38 Not Provided 14.05.2013 BMO Capital Markets ANDREW KAIP outperform 5 M 40 Not Provided 13.05.2013 Credit Suisse RALPH M PROFITI outperform 5 M 38 Not Provided 13.05.2013 CIBC World Markets COSMOS CHIU sector outperform 5 M 45 Not Provided 13.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 42 12 month 13.05.2013 GMP CHELSEA HAMILTON buy 5 M 47 12 month 13.05.2013 TD Securities DANIEL EARLE buy 5 M 35 12 month 13.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 33 12 month 12.05.2013 Macquarie TONY LESIAK neutral 3 M 27 12 month 26.04.2013 Scotia Capital TREVOR TURNBULL focus stock 5 M 50 12 month 23.04.2013 JPMorgan JOHN BRIDGES overweight 5 M 40 6 month 19.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013 Holdings By: Silver Wheaton Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally. The Group has operations in the Vaal River and West Witwatersrand areas of South Africa as well as Namibia, Mali, Brazil, Argentina, Australia, Tanzania and the United States. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 38.31 52-Week Low (17.04.2013) 17.45 Daily Volume 17.7 52-Week High % Change -53.80% Dividend Yield - 52-Week Low % Change 1.43% Beta 0.77 % 52 Week Price Range High/Low 1.20% Equity Float - Shares Out 09.05.2013 383.7 Short Int 3.76 6'820.34 1 Yr Total Return -43.46% Total Debt 30'375.96 YTD Return -43.45% Preferred Stock 0.0 Adjusted BETA 0.775 Minority Interest 186.5 Analyst Recs 6 Cash and Equivalents 7'562.20 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 2'821'677 AU US EQUITY YTD Change - Average Volume 30 Day 3'191'695 AU US EQUITY YTD % CHANGE - Average Volume 3 Month 2'570'135 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 29'774.0 30'745.0 38'833.0 47'849.0 52'160.3 51'123.2 51'861.6 57'033.6 62'449.0 - - 3.48x 3.88x 3.60x 3.00x 2.30x 10.50x 9.48x 1.56x 1.33x - - 3'278.0 (2'435.0) 9'720.0 20'443.0 19'105.5 22'721.7 17'555.7 20'358.6 24'979.0 - - 31.64x - 14.37x 7.03x 6.27x 5.50x 6.01x - - - - (16'138.0) (2'762.0) 637.0 11'282.0 6'814.6 14'088.2 4'225.8 6'005.9 8'569.5 - - - - - - - 0.00x 0.00x 11.27x 6.95x - - EBITDA 19'105.47 Long-Term Rating Date 10.12.2012 EBIT 12'553.61 Long-Term Rating BBB- Operating Margin 24.07% Long-Term Outlook NEG Pretax Margin 18.43% Short-Term Rating Date - Return on Assets 4.24% Short-Term Rating - Return on Common Equity 9.11% Return on Capital 7.82% EBITDA/Interest Exp. 10.07 Asset Turnover 0.51% (EBITDA-Capex)/Interest Exp. 2.46 Net Debt/EBITDA 1.67 Gross Margin 36.1% Total Debt/EBITDA 1.69 EBITDA Margin 33.9% EBIT Margin 20.5% Total Debt/Equity 65.8% Net Income Margin 13.1% Total Debt/Capital 39.6% Asset Turnover 0.51 Current Ratio 1.37 Net Fixed Asset Turnover 0.84 Quick Ratio 0.53 Accounts receivable turnover-days - Debt to Assets 28.22% Inventory Days 98.24 Tot Debt to Common Equity 65.78% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 63.01 Inventory Turnover 3.72 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended AngloGold Ashanti Ltd Price/Volume Valuation Analysis 4'165'573.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 10'000.0 20'000.0 30'000.0 40'000.0 50'000.0 60'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type PAULSON & CO PAULSON & CO 13F 28'254'950 7.36 50'951 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 14'810'494 3.86 (814'185) 15.05.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 11'336'430 2.95 (431'746) 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 8'747'623 2.28 (128'150) 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 5'693'290 1.48 164'885 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 5'518'760 1.44 (1'096'046) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 5'230'372 1.36 (1'261'046) 14.05.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 4'945'084 1.29 (259'531) 31.03.2013 Hedge Fund Manager DUPONT CAPITAL MANAG DUPONT CAPITAL MANAG 13F 3'731'629 0.97 3'731'629 31.03.2013 Investment Advisor TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 3'728'373 0.97 (458'492) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 3'398'300 0.89 157'600 31.03.2013 Hedge Fund Manager NUVEEN ASSET MANAGEM Multiple Portfolios MF-AGG 2'663'932 0.69 6'463 31.03.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 2'612'472 0.68 (22'697) 31.03.2013 Investment Advisor PLATINUM INVESTMENT PLATINUM INVESTMENT 13F 2'204'815 0.57 147'000 31.12.2012 Investment Advisor PASSPORT CAPITAL LLC PASSPORT CAPITAL LLC 13F 2'137'844 0.56 733'688 31.03.2013 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 1'932'470 0.5 352'945 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 1'741'097 0.45 (357'793) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 1'622'856 0.42 (95'200) 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'611'720 0.42 (310) 31.03.2013 Unclassified INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 1'608'497 0.42 (700) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Societe Generale BRUCE ALWAY hold 3 M 20 12 month 14.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 31 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 25 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 05.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 0 Not Provided 24.02.2010 Holdings By: AngloGold Ashanti Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Cia de Minas Buenaventura S.A. explores for, mines, and processes gold, silver, zinc, and other metals. The Company operates mines in Peru, a lime plant, an electric power transmission company, and an engineering services company. Buenaventura also markets metal concentrates to smelters internationally. Latest Fiscal Year: 12/2011 LTM as of: 03/yy 52-Week High (06.06.2012) 42.73 52-Week Low (15.05.2013) 18.00 Daily Volume 18.12 52-Week High % Change -57.59% Dividend Yield - 52-Week Low % Change 0.67% Beta 0.56 % 52 Week Price Range High/Low 0.49% Equity Float - Shares Out 04.02.2013 274.9 Short Int 1.40 4'994.50 1 Yr Total Return -48.20% Total Debt 179.30 YTD Return -48.97% Preferred Stock - Adjusted BETA 0.561 Minority Interest 262.3 Analyst Recs 13 Cash and Equivalents 241.22 Consensus Rating 3.308 Enterprise Value 5'221.44 Average Volume 5 Day 1'212'045 BVN US EQUITY YTD Change - Average Volume 30 Day 1'588'915 BVN US EQUITY YTD % CHANGE - Average Volume 3 Month 1'472'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 766.6 881.5 1'103.8 1'556.6 1'563.5 1'570.2 1'492.0 1'641.5 1'761.1 373.3 413.3 6.61x 9.30x 10.85x 6.05x 5.98x 24.14x 23.70x 3.17x 2.92x - - (54.4) 351.5 475.4 820.2 569.3 429.4 260.9 645.8 769.2 174.0 208.0 - 23.33x 25.19x 11.49x 16.42x 0.00x 0.00x 8.08x 6.79x - - 153.3 593.6 660.8 858.9 684.7 848.7 579.9 544.0 608.6 125.0 147.0 33.61x 14.29x 18.66x 11.16x 13.41x 11.93x 11.38x 8.21x 7.71x 8.76x 8.22x EBITDA 569.30 Long-Term Rating Date - EBIT 421.85 Long-Term Rating - Operating Margin 26.98% Long-Term Outlook - Pretax Margin 56.63% Short-Term Rating Date - Return on Assets 13.23% Short-Term Rating - Return on Common Equity 16.53% Return on Capital 16.37% EBITDA/Interest Exp. 68.67 Asset Turnover 0.34% (EBITDA-Capex)/Interest Exp. 15.24 Net Debt/EBITDA - Gross Margin 47.5% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 23.2% Total Debt/Equity 4.8% Net Income Margin 43.8% Total Debt/Capital 4.3% Asset Turnover 0.34 Current Ratio 2.30 Net Fixed Asset Turnover 1.44 Quick Ratio 1.42 Accounts receivable turnover-days 39.45 Debt to Assets 3.91% Inventory Days 65.36 Tot Debt to Common Equity 4.84% Accounts Payable Turnover Day 59.17 Accounts Receivable Turnover 9.25 Cash Conversion Cycle 44.85 Inventory Turnover 5.58 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Cia de Minas Buenaventura SA Price/Volume Valuation Analysis 1'441'073.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1'800.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 25'536'584 9.29 (4'985'793) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 13'179'122 4.79 1'099'130 15.05.2013 Investment Advisor VONTOBEL ASSET MANAG VONTOBEL ASSET MANAG 13F 12'497'006 4.55 4'814'696 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 8'641'735 3.14 2'695'645 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 5'406'540 1.97 355'351 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'674'992 1.7 371'700 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'619'673 1.68 46'724 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 4'200'079 1.53 (1'591'439) 31.03.2013 Investment Advisor GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'187'270 1.52 3'390'686 31.03.2013 Investment Advisor HARRIS TRUST & SAVIN Multiple Portfolios MF-AGG 3'497'516 1.27 1'025'840 28.03.2013 Unclassified CREDIT SUISSE AG CREDIT SUISSE AG 13F 2'490'156 0.91 1'647'792 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 2'298'752 0.84 1'801'505 31.12.2012 Government UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 1'858'000 0.68 51'500 31.03.2013 Investment Advisor VONTOBEL ASSET MANAG Multiple Portfolios MF-AGG 1'679'805 0.61 28'779 31.01.2013 Investment Advisor CREDIT AGRICOLE SA CREDIT AGRICOLE SA 13F 1'677'132 0.61 216'700 31.03.2013 Investment Advisor PARAMETRIC PORTFOLIO PARAMETRIC PORTFOLIO 13F 1'434'207 0.52 33'736 31.03.2013 Investment Advisor ING GROEP NV ING GROEP NV 13F 1'100'345 0.4 1'054'067 31.03.2013 Investment Advisor ING INVESTMENT MANAG Multiple Portfolios MF-AGG 1'097'662 0.4 (1'561) 28.02.2013 Investment Advisor GAMCO n/a ULT-AGG 1'087'600 0.4 (25'200) 31.03.2013 Unclassified ING INV MANAGEMENT E ING INVESTMENT MANAG 13F 1'038'976 0.38 (71'704) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Banco de Credito del Peru HECTOR JOSUE COLLANTES hold 3 M 21 Not Provided 06.05.2013 Inteligo SAB LALI MERINO buy 5 M 29 Not Provided 03.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 34 6 month 01.05.2013 Grupo Santander WALTER CHIARVESIO buy 5 M 33 Not Provided 30.04.2013 Morgan Stanley CARLOS DE ALBA Equalwt/No Rating 3 M 24 12 month 30.04.2013 Credit Suisse SANTIAGO PEREZ TEUFFER neutral 3 D 28 Not Provided 30.04.2013 Banco BTG Pactual SA CESAR PEREZ-NOVOA buy 5 M 30 12 month 30.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 25 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 27.03.2013 Euro Pacific Capital Inc HEIKO IHLE neutral 3 M 27 12 month 11.03.2013 Kallpa Securities SAB EDDER CASTRO overweight 5 M 33 Not Provided 07.03.2013 Holdings By: Cia de Minas Buenaventura SA All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 New Gold Inc. is a natural resource company. The Company acquires, explores, and develops gold properties. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 12.84 52-Week Low (15.04.2013) 6.25 Daily Volume 6.49 52-Week High % Change -49.45% Dividend Yield - 52-Week Low % Change 3.84% Beta 0.97 % 52 Week Price Range High/Low 3.64% Equity Float 461.89 Shares Out 30.04.2013 476.9 Short Int 3.05 3'094.87 1 Yr Total Return -10.73% Total Debt 847.80 YTD Return -41.16% Preferred Stock 0.0 Adjusted BETA 0.966 Minority Interest 0.0 Analyst Recs 15 Cash and Equivalents 687.80 Consensus Rating 4.600 Enterprise Value 3'276.77 Average Volume 5 Day 3'238'248 NGD US EQUITY YTD Change - Average Volume 30 Day 4'016'974 NGD US EQUITY YTD % CHANGE - Average Volume 3 Month 3'414'111 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 143.1 323.8 530.5 695.9 791.3 693.5 824.3 933.0 986.6 254.0 286.5 2.55x 4.31x 6.83x 6.62x 6.86x 26.07x 24.77x 3.43x 3.17x - - 13.8 110.4 239.2 344.0 390.1 339.3 387.6 482.0 579.1 115.0 149.0 26.46x 12.64x 15.15x 13.39x 13.91x 13.50x 11.65x 6.80x 5.66x - - (102.7) (194.3) 47.5 179.0 199.0 187.8 201.7 170.9 227.4 30.7 62.6 - - - - - 0.00x 0.00x 16.02x 12.04x 14.49x 13.11x EBITDA 390.10 Long-Term Rating Date 27.03.2012 EBIT 273.90 Long-Term Rating BB- Operating Margin 34.61% Long-Term Outlook STABLE Pretax Margin 35.23% Short-Term Rating Date - Return on Assets 5.31% Short-Term Rating - Return on Common Equity 7.96% Return on Capital - EBITDA/Interest Exp. 9.70 Asset Turnover 0.22% (EBITDA-Capex)/Interest Exp. -3.13 Net Debt/EBITDA 0.47 Gross Margin 85.3% Total Debt/EBITDA 2.20 EBITDA Margin 47.0% EBIT Margin 30.6% Total Debt/Equity 31.7% Net Income Margin 25.1% Total Debt/Capital 24.1% Asset Turnover 0.22 Current Ratio 5.18 Net Fixed Asset Turnover 0.27 Quick Ratio 4.15 Accounts receivable turnover-days 11.11 Debt to Assets 19.79% Inventory Days 164.46 Tot Debt to Common Equity 31.68% Accounts Payable Turnover Day 32.87 Accounts Receivable Turnover 32.86 Cash Conversion Cycle 378.94 Inventory Turnover 2.22 Fiscal Year Ended New Gold Inc Price/Volume Valuation Analysis 5'423'404.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 62'551'684 13.12 - 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 51'601'629 10.82 (19'073) 15.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 35'344'411 7.41 (401'290) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 15'167'798 3.18 15'004'748 31.12.2012 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 12'987'264 2.72 1'051'834 31.03.2013 Holding Company OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 12'693'570 2.66 - 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 12'469'841 2.61 (1'200'483) 31.03.2013 Investment Advisor RS INVESTMENT MANAGE RS INVESTMENT MANAGE 13F 11'134'273 2.33 1'234'109 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 11'078'536 2.32 1'017'815 31.03.2013 Bank TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 8'366'671 1.75 (127'400) 31.03.2013 Hedge Fund Manager GCIC LTD/CANADA GCIC LTD 13F 6'966'945 1.46 1'127'145 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 6'040'968 1.27 3'201'270 31.03.2013 Investment Advisor LASSONDE PIERRE n/a SEDI 5'645'000 1.18 - 22.03.2012 n/a FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 5'379'731 1.13 (238'800) 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 5'091'201 1.07 (179'446) 28.02.2013 Investment Advisor INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 5'091'201 1.07 (326'365) 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 4'883'382 1.02 (27'471) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 4'785'859 1 703'973 31.03.2013 Pension Fund (ERISA) PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 4'584'060 0.96 190'800 31.03.2013 Investment Advisor OLIPHANT RANDALL n/a SEDI 4'570'855 0.96 320'855 23.11.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP outperform 5 M 12 12 month 15.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 10 12 month 15.05.2013 National Bank Financial STEPHEN PARSONS outperform 5 M 11 12 month 10.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 14 12 month 07.05.2013 TD Securities STEVEN J GREEN buy 5 M 11 12 month 03.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 16 12 month 03.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 12 Not Provided 02.05.2013 GMP GEORGE V ALBINO buy 5 M 16 Not Provided 02.05.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 8 12 month 02.05.2013 Credit Suisse ANITA SONI outperform 5 M 12 Not Provided 01.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 11 Not Provided 01.05.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 16 12 month 08.04.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 13 12 month 05.04.2013 Holdings By: New Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Agnico Eagle Mines Limited is a gold producer with operations primarily in northwestern Quebec, northern Mexico, northern Finland and Nunavut. The Company also has exploration activities in Canada, Europe, Latin America, and the United States. Agnico Eagle Mines focuses on the exploration, development, and expansion of its gold properities primarily from underground operations. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (26.11.2012) 57.35 52-Week Low (15.05.2013) 28.48 Daily Volume 28.53 52-Week High % Change -50.25% Dividend Yield - 52-Week Low % Change 0.18% Beta 0.61 % 52 Week Price Range High/Low 0.17% Equity Float 171.85 Shares Out 30.04.2013 172.7 Short Int 1.80 4'927.70 1 Yr Total Return -14.60% Total Debt 842.96 YTD Return -45.33% Preferred Stock 0.0 Adjusted BETA 0.610 Minority Interest 0.0 Analyst Recs 25 Cash and Equivalents 351.28 Consensus Rating 3.560 Enterprise Value 5'444.27 Average Volume 5 Day 1'745'726 AEM US EQUITY YTD Change - Average Volume 30 Day 2'070'931 AEM US EQUITY YTD % CHANGE - Average Volume 3 Month 1'815'801 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 368.9 613.8 1'422.5 1'821.8 1'917.7 1'882.7 1'865.2 1'705.3 2'061.1 373.3 439.8 21.80x 14.47x 9.45x 3.75x 4.96x 18.58x 18.18x 3.34x 2.71x 14.73x 12.62x 94.9 202.5 601.8 752.9 787.4 801.6 735.0 616.9 866.0 178.5 222.8 84.80x 43.86x 22.34x 9.08x 12.08x 7.78x 10.34x 8.83x 6.29x 6.80x 7.03x 73.2 86.5 332.1 (568.9) 310.9 (535.6) 256.2 184.0 319.3 25.3 56.7 - - - - - 0.00x 0.00x 27.67x 16.04x 24.74x 20.39x EBITDA 787.42 Long-Term Rating Date 12.03.2003 EBIT 515.56 Long-Term Rating NR Operating Margin 26.88% Long-Term Outlook - Pretax Margin 22.69% Short-Term Rating Date - Return on Assets 5.00% Short-Term Rating - Return on Common Equity 7.63% Return on Capital 7.06% EBITDA/Interest Exp. 13.60 Asset Turnover 0.36% (EBITDA-Capex)/Interest Exp. 5.91 Net Debt/EBITDA 0.70 Gross Margin 39.0% Total Debt/EBITDA 1.10 EBITDA Margin 39.4% EBIT Margin 24.5% Total Debt/Equity 24.7% Net Income Margin 16.2% Total Debt/Capital 19.8% Asset Turnover 0.36 Current Ratio 3.26 Net Fixed Asset Turnover 0.46 Quick Ratio 1.51 Accounts receivable turnover-days 15.79 Debt to Assets 16.04% Inventory Days 87.72 Tot Debt to Common Equity 24.72% Accounts Payable Turnover Day 50.91 Accounts Receivable Turnover 23.11 Cash Conversion Cycle 66.58 Inventory Turnover 4.16 Fiscal Year Ended Agnico Eagle Mines Ltd Price/Volume Valuation Analysis 2'008'427.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 10 20 30 40 50 60 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 20'005'396 11.58 - 14.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 13'384'186 7.75 2'418'604 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 11'305'234 6.55 696'000 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 8'353'624 4.84 501'322 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 6'927'650 4.01 223'720 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'729'613 2.74 (157'068) 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 4'381'540 2.54 414'729 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'956'923 2.29 (551'324) 31.03.2013 Bank CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'507'319 2.03 1'303'500 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 3'247'664 1.88 (83'945) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 2'433'065 1.41 (37'672) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 2'127'726 1.23 75'223 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'800'000 1.04 (665'218) 31.03.2013 Investment Advisor VINIK ASSET MANAGEME VINIK ASSET MANAGEME 13F 1'598'700 0.93 418'800 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'551'262 0.9 (35'750) 31.03.2013 Hedge Fund Manager INVESCO LTD n/a ULT-AGG 1'551'011 0.9 428'246 15.05.2013 Investment Advisor GAMCO n/a ULT-AGG 1'501'826 0.87 (15'150) 31.03.2013 Unclassified TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'343'527 0.78 57'043 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 1'210'011 0.7 36'572 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'051'526 0.61 78'180 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 47 12 month 13.05.2013 National Bank Financial STEPHEN PARSONS sector perform 3 M 42 12 month 10.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 45 Not Provided 07.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 40 12 month 07.05.2013 Credit Suisse ANITA SONI outperform 5 M 51 Not Provided 07.05.2013 Macquarie TONY LESIAK underperform 1 M 30 12 month 07.05.2013 Salman Partners DAVID WEST buy 5 M 45 12 month 30.04.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 49 12 month 30.04.2013 JPMorgan JOHN BRIDGES neutral 3 M 39 6 month 29.04.2013 Raymond James BRAD HUMPHREY market perform 3 M 46 12 month 29.04.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 29.04.2013 Canaccord Genuity Corp STEVEN BUTLER hold 3 M 41 Not Provided 29.04.2013 TD Securities GREG BARNES buy 5 M 41 12 month 29.04.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 38 12 month 29.04.2013 HSBC PATRICK CHIDLEY underweight 1 D 29 Not Provided 28.04.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 54 Not Provided 26.04.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 45 12 month 26.04.2013 GMP GEORGE V ALBINO buy 5 M 55 Not Provided 26.04.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 30 Not Provided 26.04.2013 Barclays FAROOQ HAMED equalweight 3 M 39 Not Provided 26.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 46 12 month 23.04.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 25.10.2012 Paradigm Capital Inc DON MACLEAN buy 5 M 59 12 month 05.01.2012 Holdings By: Agnico Eagle Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Eldorado Gold Corporation acquires, explores, and develops mineral properties. The Company currently has operating gold mines in Brazil, China, Turkey, Greece, and surrounding regions. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 16.20 52-Week Low (17.04.2013) 6.59 Daily Volume 6.89 52-Week High % Change -57.47% Dividend Yield - 52-Week Low % Change 4.55% Beta 0.84 % 52 Week Price Range High/Low 3.12% Equity Float 708.10 Shares Out 30.04.2013 714.6 Short Int 3.14 4'923.45 1 Yr Total Return -32.01% Total Debt 593.32 YTD Return -46.18% Preferred Stock 0.0 Adjusted BETA 0.840 Minority Interest 284.1 Analyst Recs 21 Cash and Equivalents 818.83 Consensus Rating 4.143 Enterprise Value 5'132.84 Average Volume 5 Day 3'953'494 EGO US EQUITY YTD Change - Average Volume 30 Day 6'022'282 EGO US EQUITY YTD % CHANGE - Average Volume 3 Month 5'603'205 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 277.7 358.5 791.2 1'103.7 1'147.5 1'156.1 1'214.1 1'263.9 1'402.4 291.0 310.3 10.15x 21.00x 12.74x 6.66x 8.06x 29.80x 29.81x 4.25x 4.09x 18.06x 17.12x 132.0 181.2 423.3 643.9 584.4 659.7 630.5 632.6 724.4 136.0 146.5 21.36x 41.53x 23.82x 11.41x 15.83x 14.80x 11.16x 8.11x 7.09x 9.15x 9.32x 163.7 102.4 221.0 318.7 305.3 334.0 192.0 275.5 338.1 59.3 69.3 - - - - - 0.00x 0.00x 15.91x 13.12x 15.91x 15.35x EBITDA 584.40 Long-Term Rating Date 13.11.2012 EBIT 470.87 Long-Term Rating BB Operating Margin 41.03% Long-Term Outlook STABLE Pretax Margin 38.89% Short-Term Rating Date - Return on Assets 2.51% Short-Term Rating - Return on Common Equity 3.32% Return on Capital 3.23% EBITDA/Interest Exp. 83.69 Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. 22.66 Net Debt/EBITDA -0.12 Gross Margin 62.7% Total Debt/EBITDA 0.94 EBITDA Margin 51.9% EBIT Margin 41.8% Total Debt/Equity 10.0% Net Income Margin 26.6% Total Debt/Capital 8.7% Asset Turnover 0.16 Current Ratio 4.90 Net Fixed Asset Turnover 0.21 Quick Ratio 3.96 Accounts receivable turnover-days 22.79 Debt to Assets 7.48% Inventory Days 167.85 Tot Debt to Common Equity 10.01% Accounts Payable Turnover Day 189.39 Accounts Receivable Turnover 16.01 Cash Conversion Cycle 43.64 Inventory Turnover 2.17 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Eldorado Gold Corp Price/Volume Valuation Analysis 4'370'584.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 115'755'188 16.2 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 46'388'863 6.49 (1'071'523) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 46'199'408 6.47 1'979'063 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 33'729'686 4.72 6'645'120 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 17'640'602 2.47 426'594 31.03.2013 Bank CARMIGNAC GESTION Multiple Portfolios MF-AGG 13'044'870 1.83 (14'814'642) 29.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 12'322'002 1.72 (163'800) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 11'861'546 1.66 11'861'546 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 11'661'328 1.63 861'550 31.03.2013 Hedge Fund Manager JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 11'264'562 1.58 771'210 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 10'662'061 1.49 (256'391) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 10'031'223 1.4 (12'436) 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 9'924'291 1.39 (1'473'143) 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 9'088'523 1.27 (223'376) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 8'932'322 1.25 329'970 31.12.2012 Investment Advisor BAILLIE GIFFORD AND BAILLIE GIFFORD & CO 13F 8'799'121 1.23 (2'010'762) 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 8'616'810 1.21 966'831 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 8'067'119 1.13 1'115'425 31.12.2012 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 7'601'100 1.06 50'000 31.03.2013 Investment Advisor PRUDENTIAL FINANCIAL n/a ULT-AGG 6'793'010 0.95 201'650 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets DAN ROLLINS sector perform 3 D 9 12 month 06.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 16 12 month 06.05.2013 CIBC World Markets COSMOS CHIU sector outperform 5 M 14 Not Provided 06.05.2013 Salman Partners DAVID WEST buy 5 M 13 12 month 06.05.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 12 12 month 06.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 17 Not Provided 06.05.2013 TD Securities STEVEN J GREEN action list buy 5 M 14 12 month 06.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 7 Not Provided 06.05.2013 Credit Suisse ANITA SONI outperform 5 M 15 Not Provided 03.05.2013 Macquarie TONY LESIAK neutral 3 M 8 12 month 03.05.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 10 12 month 03.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 11 Not Provided 03.05.2013 GMP GEORGE V ALBINO buy 5 M 20 Not Provided 03.05.2013 Barclays FAROOQ HAMED equalweight 3 M 9 Not Provided 03.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 12 Not Provided 02.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 13 Not Provided 28.04.2013 Morgan Stanley PARETOSH MISRA Overwt/In-Line 5 M 10 12 month 23.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 12 12 month 23.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 16.04.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 13 Not Provided 12.03.2013 Paradigm Capital Inc DON MACLEAN hold 3 M 18 12 month 21.02.2012 Holdings By: Eldorado Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 11.20 52-Week Low (17.04.2013) 4.97 Daily Volume 5.28 52-Week High % Change -52.84% Dividend Yield 3.03 52-Week Low % Change 6.24% Beta 0.77 % 52 Week Price Range High/Low 4.98% Equity Float 1'139.69 Shares Out 30.04.2013 1'141.7 Short Int 4.05 6'027.99 1 Yr Total Return -26.58% Total Debt 2'632.60 YTD Return -45.13% Preferred Stock 0.0 Adjusted BETA 0.767 Minority Interest 75.5 Analyst Recs 27 Cash and Equivalents 1'982.70 Consensus Rating 4.333 Enterprise Value 6'838.29 Average Volume 5 Day 12'709'566 KGC US EQUITY YTD Change - Average Volume 30 Day 14'970'154 KGC US EQUITY YTD % CHANGE - Average Volume 3 Month 11'695'044 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 1'617.0 2'412.1 3'010.1 3'842.5 4'311.4 3'910.6 4'332.9 4'040.9 4'209.3 934.0 951.1 7.84x 5.37x 6.92x 3.37x 2.74x 14.92x 10.04x 1.78x 1.71x 7.60x 7.68x 656.3 1'093.2 1'200.4 1'926.2 1'962.2 1'885.9 1'980.9 1'655.9 1'889.3 346.8 374.8 19.32x 11.85x 17.35x 6.73x 6.01x 6.00x 4.97x 4.13x 3.62x 4.41x 4.27x (807.2) 309.9 759.7 (2'073.6) (2'504.9) (2'225.3) (2'450.1) 534.9 691.9 87.8 109.0 46.21x 41.68x 146.30x 15.25x 12.61x 12.84x 10.69x 11.63x 9.50x 11.35x 10.11x EBITDA 1'962.20 Long-Term Rating Date 15.08.2011 EBIT 1'281.00 Long-Term Rating BBB- Operating Margin 29.71% Long-Term Outlook STABLE Pretax Margin -53.16% Short-Term Rating Date - Return on Assets -15.73% Short-Term Rating - Return on Common Equity -21.83% Return on Capital - EBITDA/Interest Exp. 13.84 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 0.25 Net Debt/EBITDA 0.37 Gross Margin 57.1% Total Debt/EBITDA 1.09 EBITDA Margin 45.7% EBIT Margin 28.1% Total Debt/Equity 26.7% Net Income Margin -58.1% Total Debt/Capital 21.0% Asset Turnover 0.28 Current Ratio 2.76 Net Fixed Asset Turnover 0.47 Quick Ratio 1.74 Accounts receivable turnover-days 24.27 Debt to Assets 17.69% Inventory Days 239.28 Tot Debt to Common Equity 26.73% Accounts Payable Turnover Day 108.04 Accounts Receivable Turnover 15.04 Cash Conversion Cycle 222.18 Inventory Turnover 1.53 Fiscal Year Ended Kinross Gold Corp Price/Volume Valuation Analysis 21'000'452.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 3'500.0 4'000.0 4'500.0 5'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 57'357'709 5.02 (2'019'268) 15.05.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 29'781'489 2.61 6'302'441 15.05.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 25'903'233 2.27 3'849'773 31.03.2013 Investment Advisor ARTISAN PARTNERS HOL ARTISAN PARTNERS LP 13F 22'078'500 1.93 22'078'500 31.03.2013 Investment Advisor JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 20'640'874 1.81 3'329'797 31.03.2013 Investment Advisor LAZARD ASSET MANAGEM n/a ULT-AGG 20'421'586 1.79 (1'148'398) 31.03.2013 Unclassified TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 19'663'848 1.72 (977'748) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 16'877'973 1.48 (15'894) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 16'120'045 1.41 (8'201'037) 31.03.2013 Bank NORGES BANK NORGES BANK 13F 15'598'099 1.37 4'274'423 31.12.2012 Government ALTRINSIC GLOBAL ADV ALTRINSIC GLOBAL ADV 13F 14'937'516 1.31 30'083 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 14'411'242 1.26 (3'227'985) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 14'146'557 1.24 (132'094) 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 13'959'327 1.22 (3'126'980) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 13'897'771 1.22 13'897'771 31.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 12'697'029 1.11 (5'850'702) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 12'671'799 1.11 (1'130'000) 31.03.2013 Hedge Fund Manager CARMIGNAC GESTION CARMIGNAC GESTION 13F 12'416'200 1.09 12'416'200 31.12.2012 Investment Advisor PASSPORT CAPITAL LLC PASSPORT CAPITAL LLC 13F 12'217'459 1.07 (1'903'663) 31.03.2013 Hedge Fund Manager TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 10'443'940 0.91 2'570 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date JPMorgan JOHN BRIDGES overweight 5 M 12 6 month 16.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 8 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 8 Not Provided 13.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 10 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 11 12 month 10.05.2013 Macquarie TONY LESIAK outperform 5 M 6 12 month 09.05.2013 Salman Partners DAVID WEST buy 5 M 8 12 month 09.05.2013 Jefferies PETER D WARD hold 3 M 6 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector underperform 1 M 8 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 10 12 month 08.05.2013 GMP GEORGE V ALBINO buy 5 M 9 Not Provided 08.05.2013 TD Securities GREG BARNES buy 5 M 8 12 month 08.05.2013 Veritas Investment Research Co PAWEL RAJSZEL buy 5 M 6 Not Provided 08.05.2013 Barclays FAROOQ HAMED equalweight 3 M 7 Not Provided 08.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 9 Not Provided 07.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 6 12 month 07.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 7 12 month 07.05.2013 Credit Suisse ANITA SONI outperform 5 M 10 Not Provided 07.05.2013 Stifel GEORGE J TOPPING hold 3 M #N/A N/A Not Provided 03.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 10 12 month 30.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 8 12 month 23.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 21.03.2013 Morgan Stanley PARETOSH MISRA Underwt/In-Line 1 D #N/A N/A Not Provided 10.10.2012 Paradigm Capital Inc DON MACLEAN buy 5 M #N/A N/A Not Provided 25.01.2012 Holdings By: Kinross Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Royal Gold, Inc. acquires and manages precious metals royalties. The Company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold Inc.'s gold-focused portfolio contains royalties ranging from those in production and development to those in the evaluation and exploration stages. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (01.10.2012) 100.84 52-Week Low (15.05.2013) 50.02 Daily Volume 50.53 52-Week High % Change -49.89% Dividend Yield 1.39 52-Week Low % Change 1.02% Beta 0.68 % 52 Week Price Range High/Low 1.00% Equity Float 61.68 Shares Out 24.04.2013 64.4 Short Int 2.70 3'252.87 1 Yr Total Return -17.41% Total Debt 293.25 YTD Return -37.55% Preferred Stock 0.0 Adjusted BETA 0.677 Minority Interest 25.0 Analyst Recs 10 Cash and Equivalents 390.47 Consensus Rating 3.800 Enterprise Value 2'889.54 Average Volume 5 Day 686'554 RGLD US EQUITY YTD Change - Average Volume 30 Day 1'110'852 RGLD US EQUITY YTD % CHANGE - Average Volume 3 Month 975'450 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 66.3 73.8 136.6 216.5 263.1 262.2 292.0 303.2 379.1 70.7 71.0 13.56x 19.29x 18.40x 15.32x 17.19x 55.35x 66.52x 9.59x 7.18x 41.30x - 51.3 59.9 114.2 186.3 233.2 230.7 259.6 271.0 336.0 65.0 63.1 17.51x 23.77x 22.00x 17.80x 19.39x 16.28x 16.16x 10.66x 8.60x 9.58x 8.39x 24.0 38.3 21.5 71.4 92.5 93.6 79.0 95.9 133.3 21.0 22.3 56.00x 91.09x 61.79x 45.40x 48.25x 39.16x 50.62x 33.31x 24.02x 28.89x 24.04x EBITDA 233.22 Long-Term Rating Date - EBIT 158.22 Long-Term Rating - Operating Margin 60.15% Long-Term Outlook - Pretax Margin 58.17% Short-Term Rating Date - Return on Assets 3.16% Short-Term Rating - Return on Common Equity 3.82% Return on Capital 4.04% EBITDA/Interest Exp. 30.27 Asset Turnover 0.12% (EBITDA-Capex)/Interest Exp. -5.64 Net Debt/EBITDA -1.49 Gross Margin 71.5% Total Debt/EBITDA 1.16 EBITDA Margin 88.9% EBIT Margin 61.2% Total Debt/Equity 16.0% Net Income Margin 35.2% Total Debt/Capital 13.6% Asset Turnover 0.12 Current Ratio 29.27 Net Fixed Asset Turnover 0.15 Quick Ratio 28.23 Accounts receivable turnover-days 75.69 Debt to Assets 12.36% Inventory Days - Tot Debt to Common Equity 15.95% Accounts Payable Turnover Day 10.43 Accounts Receivable Turnover 4.82 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Royal Gold Inc Price/Volume Valuation Analysis 915'322.00 Current Price (5/dd/yy) Market Data 0 20 40 60 80 100 120 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 7'427'251 11.54 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'518'786 8.57 78'125 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 3'592'556 5.58 159'701 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 2'384'184 3.7 183'158 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 2'252'514 3.5 147'148 31.03.2013 Investment Advisor STUCKERT JAMES W n/a Form 4 1'622'095 2.52 (150'000) 24.04.2013 n/a FMR LLC n/a ULT-AGG 1'392'949 2.16 (895'027) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'361'050 2.11 (47'750) 31.03.2013 Hedge Fund Manager ALLIANZ ASSET MANAGE n/a ULT-AGG 1'329'864 2.07 95'610 30.04.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 1'209'346 1.88 441'649 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'115'000 1.73 745'000 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 867'401 1.35 - 31.03.2013 Hedge Fund Manager AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 838'175 1.3 838'175 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 678'787 1.05 149'690 31.03.2013 Unclassified BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 633'761 0.98 25'047 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 624'300 0.97 9'000 31.03.2013 Investment Advisor UBS n/a ULT-AGG 621'096 0.96 518'527 31.03.2013 Unclassified NEUBERGER BERMAN LLC NEUBERGER BERMAN GRO 13F 560'996 0.87 (413'048) 31.03.2013 Investment Advisor AMERIPRISE FINANCIAL AMERIPRISE FINANCIAL 13F 558'674 0.87 82'417 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 533'948 0.83 (96'771) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial SHANE NAGLE outperform 5 M 80 12 month 10.05.2013 MLV & Co MICHAEL D PETERSON buy 5 M 80 12 month 03.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 88 Not Provided 02.05.2013 BB&T Capital Markets GARRETT S. NELSON buy 5 M 80 12 month 02.05.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 71 12 month 30.04.2013 HSBC PATRICK CHIDLEY overweight 5 M 77 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 71 12 month 23.04.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Royal Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Harmony Gold Mining Company Limited is a mining company which produces gold from its operations in the district of Virginia, Orange Free State. Harmony owns and operates the Harmony, Randfontein, Evander, Consolidated Modderfontein, Grootvei and Bissett gold mines. Harmony also has gold mining operations in Australia. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 10.73 52-Week Low (15.05.2013) 4.09 Daily Volume 4.11 52-Week High % Change -61.70% Dividend Yield - 52-Week Low % Change 0.49% Beta 0.87 % 52 Week Price Range High/Low 0.30% Equity Float - Shares Out 31.03.2013 435.3 Short Int 2.42 1'788.91 1 Yr Total Return -52.21% Total Debt 1'844.00 YTD Return -53.72% Preferred Stock 0.0 Adjusted BETA 0.874 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 1'773.00 Consensus Rating 5.000 Enterprise Value - Average Volume 5 Day 2'068'648 HMY US EQUITY YTD Change - Average Volume 30 Day 3'403'348 HMY US EQUITY YTD % CHANGE - Average Volume 3 Month 2'880'964 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 9'617.0 11'496.0 11'284.0 11'596.0 15'169.0 13'997.0 16'353.0 16'517.1 21'952.5 - - 4.37x 2.83x 3.13x 3.41x 2.18x 11.33x 7.37x 1.00x 0.82x - - 1'393.0 2'125.0 1'737.0 2'354.0 4'222.0 3'190.0 3'140.0 4'735.2 8'182.3 - - 30.15x 15.29x 20.33x 16.81x 7.84x 0.00x 8.01x - - - - (245.0) 2'927.0 (192.0) 617.0 2'645.0 2'496.0 1'176.0 1'772.9 3'348.3 - - - - - - - 0.00x 0.00x 9.80x 4.96x - - EBITDA 4'222.00 Long-Term Rating Date - EBIT 2'231.00 Long-Term Rating - Operating Margin 14.71% Long-Term Outlook - Pretax Margin 12.72% Short-Term Rating Date - Return on Assets 2.66% Short-Term Rating - Return on Common Equity 3.41% Return on Capital 3.58% EBITDA/Interest Exp. 14.26 Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. 3.47 Net Debt/EBITDA -0.18 Gross Margin 25.7% Total Debt/EBITDA 0.80 EBITDA Margin 19.2% EBIT Margin 7.8% Total Debt/Equity 5.4% Net Income Margin 17.4% Total Debt/Capital 5.1% Asset Turnover 0.37 Current Ratio 2.28 Net Fixed Asset Turnover 0.49 Quick Ratio 0.93 Accounts receivable turnover-days 30.59 Debt to Assets 4.27% Inventory Days 30.71 Tot Debt to Common Equity 5.41% Accounts Payable Turnover Day 47.72 Accounts Receivable Turnover 11.93 Cash Conversion Cycle 31.22 Inventory Turnover 11.89 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Harmony Gold Mining Co Ltd Price/Volume Valuation Analysis 3'256'872.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 14'000.0 16'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type DEUTSCHE BANK TRUST n/a 20F 135'983'632 31.24 - 22.10.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 30'771'192 7.07 781'177 15.05.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 20'829'043 4.79 (1'394'122) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 20'017'881 4.6 (3'910'953) 14.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 10'223'297 2.35 199'574 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 5'755'000 1.32 1'930'000 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'994'173 0.92 (462'623) 31.03.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 3'030'594 0.7 (2'974'400) 31.03.2013 Investment Advisor CREDIT SUISSE AG CREDIT SUISSE AG 13F 2'283'081 0.52 1'802'132 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'982'360 0.46 (270) 31.03.2013 Unclassified TWO SIGMA INVESTMENT TWO SIGMA INVESTMENT 13F 1'780'331 0.41 458'902 31.03.2013 Hedge Fund Manager TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 1'500'000 0.34 - 31.03.2013 Pension Fund (ERISA) CREDIT AGRICOLE SA CREDIT AGRICOLE SA 13F 1'265'348 0.29 (81'600) 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'203'118 0.28 490'639 31.03.2013 Investment Advisor TWO SIGMA ADVISERS L TWO SIGMA ADVISERS L 13F 1'129'600 0.26 726'300 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 1'050'000 0.24 - 31.03.2013 Investment Advisor CAPITAL INTERNATIONA Multiple Portfolios MF-AGG 1'037'400 0.24 (106'100) 31.01.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'005'045 0.23 (1'320'115) 31.03.2013 Investment Advisor HUSSMAN ECONOMETRICS HUSSMAN ECONOMETRICS 13F 1'000'000 0.23 - 31.03.2013 Investment Advisor GAM HOLDING LTD GAM HOLDING LTD 13F 998'850 0.23 55'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY overweight 5 M 7 Not Provided 28.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 28.03.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 11 Not Provided 24.02.2010 Holdings By: Harmony Gold Mining Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 IAMGOLD Corporation is a mid-tier gold mining company. The Company is focused in West Africa, the Guiana Shield of South America and in Quebec where it has a pipeline of development and exploration projects. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (05.10.2012) 16.88 52-Week Low (18.04.2013) 4.60 Daily Volume 5.04 52-Week High % Change -70.14% Dividend Yield - 52-Week Low % Change 9.57% Beta 0.98 % 52 Week Price Range High/Low 3.58% Equity Float 370.97 Shares Out 30.04.2013 376.6 Short Int 4.06 1'897.88 1 Yr Total Return -44.33% Total Debt 641.40 YTD Return -56.06% Preferred Stock 0.0 Adjusted BETA 0.984 Minority Interest 76.7 Analyst Recs 24 Cash and Equivalents 813.50 Consensus Rating 3.500 Enterprise Value 1'978.18 Average Volume 5 Day 6'846'406 IAG US EQUITY YTD Change - Average Volume 30 Day 7'328'017 IAG US EQUITY YTD % CHANGE - Average Volume 3 Month 7'065'220 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 869.6 914.3 1'097.1 1'673.2 1'670.0 1'613.3 1'571.1 1'479.0 1'680.6 388.8 406.0 2.09x 6.14x 5.88x - 2.52x 13.37x 10.75x 1.43x 1.46x 5.43x 5.45x 342.1 378.6 470.3 785.0 710.1 748.7 641.7 576.0 713.0 148.0 163.5 5.31x 14.82x 13.71x - 5.94x 5.37x 4.36x 3.43x 2.77x 3.34x 3.52x (9.9) 114.1 262.6 806.6 334.7 772.4 226.4 192.3 255.5 37.1 49.7 - - - - - 0.00x 0.00x 9.73x 7.43x 8.47x 7.92x EBITDA 710.10 Long-Term Rating Date 10.09.2012 EBIT 546.20 Long-Term Rating BB- Operating Margin 32.71% Long-Term Outlook STABLE Pretax Margin 34.17% Short-Term Rating Date - Return on Assets 4.65% Short-Term Rating - Return on Common Equity 6.17% Return on Capital 6.75% EBITDA/Interest Exp. 14.20 Asset Turnover 0.32% (EBITDA-Capex)/Interest Exp. 0.19 Net Debt/EBITDA 0.00 Gross Margin 43.2% Total Debt/EBITDA 1.01 EBITDA Margin 40.8% EBIT Margin 30.5% Total Debt/Equity 17.2% Net Income Margin 20.0% Total Debt/Capital 14.4% Asset Turnover 0.32 Current Ratio 3.76 Net Fixed Asset Turnover 0.62 Quick Ratio 2.61 Accounts receivable turnover-days 36.68 Debt to Assets 11.93% Inventory Days 144.64 Tot Debt to Common Equity 17.20% Accounts Payable Turnover Day 80.12 Accounts Receivable Turnover 9.95 Cash Conversion Cycle 94.44 Inventory Turnover 2.52 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended IAMGOLD Corp Price/Volume Valuation Analysis 6'874'243.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1'800.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 36'891'874 9.8 (7'062'191) 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 26'609'525 7.07 (13'095'832) 15.05.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 9'719'845 2.58 1'300'000 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 9'271'077 2.46 1'611'410 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 7'184'974 1.91 (2'667'734) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 6'755'000 1.79 290'599 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 6'125'592 1.63 (776'100) 31.03.2013 Hedge Fund Manager HEXAVEST INC HEXAVEST INC 13F 5'890'847 1.56 (3'062'014) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 5'356'509 1.42 (87'839) 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 5'016'061 1.33 (268'526) 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 4'905'401 1.3 2'828'200 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 4'617'450 1.23 158'233 31.12.2012 Investment Advisor PAULSON & CO PAULSON & CO 13F 3'863'912 1.03 (17'988) 31.03.2013 Hedge Fund Manager MANULIFE ASSET MANAG MANULIFE ASSET MANAG 13F 3'566'791 0.95 1'447'076 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 3'462'599 0.92 275'900 31.03.2013 Holding Company DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 3'407'054 0.9 536'267 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 3'204'100 0.85 (1'256'100) 31.03.2013 Investment Advisor CARIBBEAN INVESTMENT n/a SEDI 3'119'569 0.83 - 06.09.2011 Bank JP MORGAN n/a ULT-AGG 3'071'125 0.82 6'609 31.03.2013 Investment Advisor CLARINGTON CAPITAL M Multiple Portfolios MF-AGG 3'035'395 0.81 2'248'674 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Dundee Securities Corp JOSH WOLFSON neutral 3 M 9 12 month 14.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 7 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 14 12 month 10.05.2013 Salman Partners DAVID WEST buy 5 M 9 12 month 09.05.2013 Cormark Securities Inc. MIKE KOZAK market perform 3 M 6 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 11 12 month 09.05.2013 Barclays FAROOQ HAMED equalweight 3 M 7 Not Provided 09.05.2013 Societe Generale BRUCE ALWAY sell 1 M 5 12 month 08.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 7 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 9 Not Provided 08.05.2013 GMP GEORGE V ALBINO buy 5 M 15 Not Provided 08.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 5 Not Provided 08.05.2013 Clarus Securities NANA SANGMUAH hold 3 M 13 12 month 08.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 8 Not Provided 07.05.2013 Credit Suisse ANITA SONI underperform 1 M 7 Not Provided 07.05.2013 Stifel MICHAEL A SCOON hold 3 M #N/A N/A Not Provided 03.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 8 Not Provided 28.04.2013 Macquarie TONY LESIAK outperform 5 M 7 12 month 25.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 7 12 month 23.04.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 25 12 month 25.03.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 14 Not Provided 12.03.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 24.01.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 N #N/A N/A Not Provided 10.10.2012 Holdings By: IAMGOLD Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Pan American Silver Corporation is a silver mining company with its principal property in Peru. The Company also explores and develops mines in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 22.83 52-Week Low (18.04.2013) 11.78 Daily Volume 11.95 52-Week High % Change -47.66% Dividend Yield - 52-Week Low % Change 1.44% Beta 1.02 % 52 Week Price Range High/Low 1.54% Equity Float 149.11 Shares Out 30.04.2013 151.5 Short Int 4.16 1'810.25 1 Yr Total Return -18.56% Total Debt 77.98 YTD Return -35.72% Preferred Stock 0.0 Adjusted BETA 1.018 Minority Interest 7.3 Analyst Recs 15 Cash and Equivalents 542.32 Consensus Rating 3.533 Enterprise Value 1'371.06 Average Volume 5 Day 2'254'973 PAAS US EQUITY YTD Change - Average Volume 30 Day 2'373'496 PAAS US EQUITY YTD % CHANGE - Average Volume 3 Month 1'994'011 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 338.6 454.8 646.6 855.3 928.6 893.6 942.8 1'004.4 1'076.8 253.0 257.5 4.05x 5.14x 6.33x 2.15x 2.57x 11.23x 9.96x 1.40x 1.26x 5.25x 4.98x 121.0 179.1 277.8 445.9 362.0 456.8 345.3 345.6 414.0 90.7 97.4 11.33x 13.05x 14.73x 4.12x 6.60x 6.30x 5.94x 3.97x 3.31x 3.22x 2.92x 24.6 62.0 13.7 352.5 87.4 310.2 57.6 142.4 187.6 39.8 44.1 - - - - - 0.00x 0.00x 12.90x 10.59x 10.91x 10.34x EBITDA 361.98 Long-Term Rating Date - EBIT 253.83 Long-Term Rating - Operating Margin 27.33% Long-Term Outlook - Pretax Margin 19.53% Short-Term Rating Date - Return on Assets 1.70% Short-Term Rating - Return on Common Equity 2.12% Return on Capital 2.17% EBITDA/Interest Exp. 47.15 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 26.32 Net Debt/EBITDA -1.29 Gross Margin 45.2% Total Debt/EBITDA 0.13 EBITDA Margin 36.6% EBIT Margin 24.1% Total Debt/Equity 2.9% Net Income Margin 9.4% Total Debt/Capital 2.8% Asset Turnover 0.28 Current Ratio 4.96 Net Fixed Asset Turnover 0.43 Quick Ratio 3.44 Accounts receivable turnover-days 50.25 Debt to Assets 2.30% Inventory Days 162.08 Tot Debt to Common Equity 2.87% Accounts Payable Turnover Day 74.80 Accounts Receivable Turnover 7.26 Cash Conversion Cycle 154.58 Inventory Turnover 2.25 Fiscal Year Ended Pan American Silver Corp Price/Volume Valuation Analysis 2'604'023.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'733'900 7.09 235'556 15.05.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 10'001'527 6.6 (1'140'970) 31.03.2013 Investment Advisor RIVER ROAD ASSET MAN RIVER ROAD ASSET MAN 13F 3'721'492 2.46 1'725'646 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 3'576'503 2.36 (374'997) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'257'722 2.15 (10'899) 31.03.2013 Hedge Fund Manager BEATY ROSS J n/a SEDI 2'118'680 1.4 300'000 31.05.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'969'181 1.3 151'207 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'939'341 1.28 (110'000) 31.03.2013 Investment Advisor ASTON ASSET MANAGEME Multiple Portfolios MF-AGG 1'795'904 1.19 82'638 28.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'511'945 1 (21'408) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'467'674 0.97 20'900 31.03.2013 Investment Advisor DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 1'390'676 0.92 (14'164) 31.03.2013 Investment Advisor ALETHEIA RESEARCH & ALETHEIA RESEARCH & 13F 1'212'045 0.8 412'637 30.09.2012 Hedge Fund Manager CARLSON CAPITAL LP CARLSON CAPITAL LP 13F 1'200'000 0.79 1'200'000 31.03.2013 Hedge Fund Manager INTREPID CAPITAL MAN INTREPID CAPITAL MAN 13F 1'198'545 0.79 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 1'134'677 0.75 (19'831) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'109'882 0.73 (151'875) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'105'942 0.73 393'712 31.03.2013 Investment Advisor AXA n/a ULT-AGG 1'095'911 0.72 - 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'087'824 0.72 (925'154) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Raymond James BRAD HUMPHREY outperform 5 M 21 12 month 15.05.2013 Salman Partners DAVID WEST buy 5 M 19 12 month 15.05.2013 TD Securities DANIEL EARLE hold 3 M 16 12 month 15.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 20 Not Provided 14.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 16 12 month 14.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 14 12 month 14.05.2013 Credit Suisse RALPH M PROFITI outperform 5 M 20 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 20 Not Provided 14.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 19 Not Provided 14.05.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 16 12 month 23.04.2013 JPMorgan JOHN BRIDGES underweight 1 M 18 6 month 19.04.2013 CIBC World Markets ARNOLD VAN GRAAN sector perform 3 M 19 Not Provided 11.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 21.03.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 25.02.2013 Holdings By: Pan American Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 First Majestic Silver Corp. is a silver producing mining company. The Company's presently owns and operates producing silver mines in Mexico, the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, and the La Guitarra Silver Mine. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (09.11.2012) 24.20 52-Week Low (15.05.2013) 10.13 Daily Volume 10.24 52-Week High % Change -57.69% Dividend Yield - 52-Week Low % Change 1.04% Beta 1.19 % 52 Week Price Range High/Low 0.75% Equity Float 111.92 Shares Out 30.04.2013 117.0 Short Int 1.06 1'197.95 1 Yr Total Return -17.42% Total Debt 29.64 YTD Return -49.28% Preferred Stock 0.0 Adjusted BETA 1.195 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 111.59 Consensus Rating 4.143 Enterprise Value 1'122.67 Average Volume 5 Day 1'069'037 AG US EQUITY YTD Change - Average Volume 30 Day 1'247'196 AG US EQUITY YTD % CHANGE - Average Volume 3 Month 1'104'784 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 41.8 52.4 117.9 245.5 247.2 248.1 256.4 373.0 542.5 - - 3.30x 6.36x 11.66x 6.93x 9.19x 27.16x 32.01x - - - - 2.3 11.7 53.4 156.2 135.1 157.7 132.3 208.7 300.7 - - 59.08x 28.43x 25.73x 10.89x 16.82x 10.69x 13.74x 5.38x 3.73x - - (4.9) 5.6 35.1 103.6 88.9 106.1 89.1 146.4 217.5 - - - - - - - 0.00x 0.00x 12.19x 7.94x 8.57x 7.44x EBITDA 135.11 Long-Term Rating Date - EBIT 109.13 Long-Term Rating - Operating Margin 44.15% Long-Term Outlook - Pretax Margin 44.90% Short-Term Rating Date - Return on Assets 13.40% Short-Term Rating - Return on Common Equity 17.73% Return on Capital 17.25% EBITDA/Interest Exp. 58.92 Asset Turnover 0.39% (EBITDA-Capex)/Interest Exp. -17.45 Net Debt/EBITDA -0.57 Gross Margin 57.5% Total Debt/EBITDA 0.26 EBITDA Margin 51.6% EBIT Margin 40.3% Total Debt/Equity 5.0% Net Income Margin 36.0% Total Debt/Capital 4.8% Asset Turnover 0.39 Current Ratio 3.02 Net Fixed Asset Turnover 0.54 Quick Ratio 2.29 Accounts receivable turnover-days 24.87 Debt to Assets 3.65% Inventory Days 66.83 Tot Debt to Common Equity 4.99% Accounts Payable Turnover Day 78.63 Accounts Receivable Turnover 14.68 Cash Conversion Cycle 23.35 Inventory Turnover 5.46 Fiscal Year Ended First Majestic Silver Corp Price/Volume Valuation Analysis 1'994'179.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'250'379 7.05 251'339 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 4'404'872 3.77 (376'800) 31.03.2013 Hedge Fund Manager GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 3'871'362 3.31 (159'106) 31.03.2013 Investment Advisor NEUMEYER KEITH n/a SEDI 3'126'000 2.67 150'000 19.11.2012 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'550'000 2.18 2'550'000 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 2'462'160 2.1 (181'475) 31.03.2013 Investment Advisor BARING INTERNATIONAL BARING INTERNATIONAL 13F 2'154'471 1.84 (122'348) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 1'558'416 1.33 159'265 31.03.2013 Bank TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 1'332'088 1.14 1'295'488 31.12.2012 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'203'343 1.03 19'400 31.03.2013 Pension Fund (ERISA) PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'127'680 0.96 31'000 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'095'918 0.94 9'418 31.03.2013 Investment Advisor POLAR SECURITIES INC POLAR SECURITIES INC 13F 1'034'662 0.88 - 31.03.2013 Hedge Fund Manager IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 991'400 0.85 (207'700) 31.12.2012 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 836'400 0.71 - 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 777'102 0.66 777'102 31.03.2013 Investment Advisor CLAYMORE INVESTMENTS Multiple Portfolios MF-AGG 689'593 0.59 - 31.12.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 675'000 0.58 (125'000) 31.12.2012 Investment Advisor INVESCO LTD n/a ULT-AGG 659'782 0.56 (231'913) 15.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 659'529 0.56 71'372 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 18 Not Provided 15.05.2013 Raymond James CHRIS THOMPSON outperform 5 M 21 12 month 15.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 15 12 month 15.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 22 12 month 02.05.2013 TD Securities DANIEL EARLE buy 5 M 18 12 month 23.04.2013 Cormark Securities Inc. GRAEME JENNINGS buy 5 M 21 12 month 22.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: First Majestic Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Coeur Mining, Inc., through its subsidiaries, explores, develops, operates, and/or owns silver and gold mining properties and companies. The Company's properties are located primarily in the United States, Australia, and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 31.97 52-Week Low (18.04.2013) 13.31 Daily Volume 13.56 52-Week High % Change -57.59% Dividend Yield 0.00 52-Week Low % Change 1.88% Beta 1.29 % 52 Week Price Range High/Low 1.34% Equity Float 100.89 Shares Out 08.05.2013 101.5 Short Int 3.54 1'376.02 1 Yr Total Return -18.07% Total Debt 124.55 YTD Return -44.88% Preferred Stock 0.0 Adjusted BETA 1.292 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 153.50 Consensus Rating 4.125 Enterprise Value 1'395.18 Average Volume 5 Day 1'819'855 CDE US EQUITY YTD Change - Average Volume 30 Day 1'909'807 CDE US EQUITY YTD % CHANGE - Average Volume 3 Month 1'744'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 170.9 300.4 515.5 1'021.2 895.5 1'026.1 862.7 901.0 1'065.8 233.0 243.7 5.09x 5.42x 4.98x 2.05x 2.45x 8.11x 9.12x 1.42x 1.04x 5.86x 5.47x 0.3 78.2 218.7 531.3 378.2 539.5 342.9 385.3 516.3 89.1 99.5 2750.95x 20.82x 11.74x 3.95x 5.80x 3.90x 4.99x 3.62x 2.70x 2.97x 2.61x (0.6) (27.1) (91.3) 93.5 48.7 85.0 57.0 67.2 158.4 15.4 16.1 - - - 22.35x 41.69x 24.22x 27.74x 22.87x 10.24x 15.82x 12.54x EBITDA 378.23 Long-Term Rating Date 25.06.2012 EBIT 159.37 Long-Term Rating B+ Operating Margin 17.80% Long-Term Outlook STABLE Pretax Margin 13.10% Short-Term Rating Date - Return on Assets 1.71% Short-Term Rating - Return on Common Equity 2.63% Return on Capital 2.91% EBITDA/Interest Exp. 13.10 Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. 8.08 Net Debt/EBITDA 0.06 Gross Margin 24.6% Total Debt/EBITDA 1.09 EBITDA Margin 39.7% EBIT Margin 14.6% Total Debt/Equity 5.7% Net Income Margin 5.4% Total Debt/Capital 5.4% Asset Turnover 0.26 Current Ratio 1.70 Net Fixed Asset Turnover 0.33 Quick Ratio 0.79 Accounts receivable turnover-days 32.36 Debt to Assets 3.87% Inventory Days 91.49 Tot Debt to Common Equity 5.67% Accounts Payable Turnover Day 30.34 Accounts Receivable Turnover 11.28 Cash Conversion Cycle 77.12 Inventory Turnover 3.99 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Coeur d'Alene Mines Corp Price/Volume Valuation Analysis 1'921'726.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 7'408'808 7.3 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'405'227 6.31 239'786 15.05.2013 Investment Advisor GUGGENHEIM n/a ULT-AGG 5'212'830 5.14 2'953'122 30.04.2013 Unclassified VANGUARD GROUP INC VANGUARD GROUP INC 13F 4'876'942 4.81 (420'427) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 4'849'068 4.78 372'118 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 4'641'704 4.57 3'039'676 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 3'163'120 3.12 (18'288) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'963'100 2.92 560'000 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 2'810'872 2.77 (256'964) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'892'202 1.86 34'861 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'588'191 1.57 (207'650) 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 1'278'258 1.26 - 31.03.2013 Hedge Fund Manager DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 1'251'341 1.23 (14'548) 31.03.2013 Investment Advisor AMERIPRISE FINANCIAL AMERIPRISE FINANCIAL 13F 1'194'069 1.18 197'959 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 942'523 0.93 (89'282) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 838'500 0.83 (341'000) 31.03.2013 Hedge Fund Manager PANAGORA ASSET MANAG PANAGORA ASSET MANAG 13F 791'096 0.78 516'832 31.03.2013 Investment Advisor TWO SIGMA INVESTMENT TWO SIGMA INVESTMENT 13F 699'487 0.69 668'603 31.03.2013 Hedge Fund Manager TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 670'115 0.66 145'492 31.03.2013 Pension Fund (ERISA) CREDIT SUISSE AG CREDIT SUISSE AG 13F 660'625 0.65 436'039 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date JPMorgan JOHN BRIDGES neutral 3 M 19 12 month 16.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 17 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT accumulate 4 M 21 12 month 13.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS buy 5 M 28 12 month 10.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 21 12 month 10.05.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 10.05.2013 Deutsche Bank JORGE M BERISTAIN buy 5 M 21 12 month 09.05.2013 Sidoti & Company LLC ADAM BROOKS buy 5 M 24 12 month 09.05.2013 Holdings By: Coeur d'Alene Mines Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 AuRico Gold Inc. is a Canadian gold producer with mines and projects in North America that have solid production growth and exploration potential. The Company is focused on its core operations including the Young-Davidson gold mine in northern Ontario and the El Chanate mine in Sonora State, Mexico. AuRico's project pipeline also includes development opportunities in Canada and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.06.2012) 8.79 52-Week Low (18.04.2013) 4.52 Daily Volume 4.66 52-Week High % Change -46.99% Dividend Yield - 52-Week Low % Change 3.10% Beta 0.87 % 52 Week Price Range High/Low 3.28% Equity Float 245.93 Shares Out 30.04.2013 246.8 Short Int 13.48 1'149.97 1 Yr Total Return -31.01% Total Debt 188.57 YTD Return -42.65% Preferred Stock 0.0 Adjusted BETA 0.866 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 603.40 Consensus Rating 3.357 Enterprise Value 1'052.52 Average Volume 5 Day 1'879'781 AUQ US EQUITY YTD Change - Average Volume 30 Day 3'071'386 AUQ US EQUITY YTD % CHANGE - Average Volume 3 Month 3'246'067 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 212.5 206.8 238.3 83.9 163.6 175.3 185.8 292.9 397.5 58.4 72.8 3.30x 6.86x 4.42x 27.78x 11.67x 47.64x 42.87x 3.73x 2.75x 11.68x 13.73x 53.3 70.5 106.6 2.3 52.3 83.7 53.2 134.1 199.4 21.0 39.1 13.17x 20.14x 9.87x 1003.29x 36.48x 0.00x 27.39x 7.85x 5.28x 6.45x 5.56x 38.7 8.2 (134.7) 176.9 33.2 166.3 50.2 55.6 78.8 6.6 16.2 - - - - - 0.00x 0.00x 18.27x 11.92x 15.23x 12.53x EBITDA 52.33 Long-Term Rating Date - EBIT 33.61 Long-Term Rating - Operating Margin 20.54% Long-Term Outlook - Pretax Margin -60.53% Short-Term Rating Date - Return on Assets 1.72% Short-Term Rating - Return on Common Equity 2.35% Return on Capital - EBITDA/Interest Exp. 23.39 Asset Turnover - (EBITDA-Capex)/Interest Exp. -142.03 Net Debt/EBITDA -1.83 Gross Margin 43.2% Total Debt/EBITDA 3.23 EBITDA Margin - EBIT Margin - Total Debt/Equity 8.2% Net Income Margin 20.3% Total Debt/Capital 7.6% Asset Turnover - Current Ratio 7.76 Net Fixed Asset Turnover - Quick Ratio 6.33 Accounts receivable turnover-days - Debt to Assets 6.51% Inventory Days - Tot Debt to Common Equity 8.21% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended AuRico Gold Inc Price/Volume Valuation Analysis 2'104'375.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 34'465'703 13.97 14'538'023 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 22'916'069 9.29 (2'190'375) 15.05.2013 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 12'572'597 5.09 1'193'174 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 11'173'993 4.53 2'838'940 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 8'574'011 3.47 (3'159'581) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 7'954'202 3.22 (359'998) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 7'469'100 3.03 - 31.03.2013 Investment Advisor RIVER ROAD ASSET MAN RIVER ROAD ASSET MAN 13F 6'556'114 2.66 6'556'114 31.03.2013 Investment Advisor OPUS CAPITAL GROUP L OPUS CAPITAL GROUP L 13F 4'478'647 1.81 1'610'951 31.03.2013 Investment Advisor HEXAVEST INC HEXAVEST INC 13F 3'895'355 1.58 (1'586'686) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 3'862'659 1.57 371'532 31.03.2013 Holding Company FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 3'677'730 1.49 (11'562'015) 31.03.2013 Investment Advisor ASTON ASSET MANAGEME Multiple Portfolios MF-AGG 3'654'124 1.48 488'507 28.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 3'493'185 1.42 - 31.03.2013 Hedge Fund Manager GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 3'444'100 1.4 - 31.03.2013 Hedge Fund Manager SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 3'207'165 1.3 (8'592'660) 31.03.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 3'186'064 1.29 (730'412) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 2'867'697 1.16 (1'925'861) 31.03.2013 Investment Advisor MAK CAPITAL ONE LLC MAK CAPITAL ONE LLC 13F 2'606'897 1.06 2'606'897 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 2'480'000 1 (145'000) 27.12.2012 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Desjardins Securities ADAM MELNYK buy 5 U 7 12 month 13.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 9 12 month 13.05.2013 TD Securities STEVEN J GREEN reduce 2 M 5 12 month 13.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 7 Not Provided 12.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 8 Not Provided 12.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 6 12 month 10.05.2013 Credit Suisse ANITA SONI neutral 3 M 8 Not Provided 10.05.2013 Dundee Securities Corp JOE FAZZINI neutral 3 M 6 Not Provided 10.05.2013 GMP CHELSEA HAMILTON buy 5 M 12 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 6 12 month 10.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 10.05.2013 Macquarie TONY LESIAK outperform 5 M 6 12 month 25.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 15.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 7 12 month 04.04.2013 Holdings By: AuRico Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Allied Nevada Gold Corporation evaluates, acquires, explores, and advances gold exploration and potential development projects. The Company's holdings include projects in Nevada, California, Idaho and Colorado in the United States, as well as Bolivia, Mexico, Indonesia and Australia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.10.2012) 41.02 52-Week Low (15.05.2013) 7.78 Daily Volume 7.82 52-Week High % Change -80.94% Dividend Yield 0.00 52-Week Low % Change 0.51% Beta 1.01 % 52 Week Price Range High/Low 0.12% Equity Float 82.61 Shares Out 25.04.2013 89.9 Short Int 6.58 702.93 1 Yr Total Return -67.17% Total Debt 525.19 YTD Return -74.05% Preferred Stock 0.0 Adjusted BETA 1.005 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 347.05 Consensus Rating 3.500 Enterprise Value 881.08 Average Volume 5 Day 2'274'512 ANV US EQUITY YTD Change - Average Volume 30 Day 3'131'877 ANV US EQUITY YTD % CHANGE - Average Volume 3 Month 2'249'297 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 43.2 130.9 152.0 214.6 159.3 224.5 368.2 559.7 72.6 89.1 - 23.79x 15.41x 16.34x 13.43x 69.10x 39.30x 2.80x 2.25x 7.37x 4.92x (38.7) (0.8) 30.5 48.8 95.5 64.8 77.6 159.0 294.2 24.9 31.9 - - 66.12x 50.94x 30.19x 42.00x 0.00x 5.54x 3.00x 6.84x 6.01x (79.6) 8.5 34.1 36.7 47.7 48.6 44.5 82.1 131.5 10.1 14.4 - 107.71x 64.17x 77.64x 57.94x 62.56x 33.59x 9.35x 5.19x 7.46x 5.89x EBITDA 95.46 Long-Term Rating Date 07.06.2012 EBIT 80.87 Long-Term Rating B Operating Margin 37.69% Long-Term Outlook STABLE Pretax Margin 29.90% Short-Term Rating Date - Return on Assets 5.04% Short-Term Rating - Return on Common Equity 8.05% Return on Capital 6.96% EBITDA/Interest Exp. 3.69 Asset Turnover 0.23% (EBITDA-Capex)/Interest Exp. -6.45 Net Debt/EBITDA 1.87 Gross Margin 49.0% Total Debt/EBITDA 5.50 EBITDA Margin 44.5% EBIT Margin 37.7% Total Debt/Equity 84.7% Net Income Margin 22.2% Total Debt/Capital 45.9% Asset Turnover 0.23 Current Ratio 5.58 Net Fixed Asset Turnover 0.62 Quick Ratio 4.00 Accounts receivable turnover-days 51.58 Debt to Assets 42.43% Inventory Days 140.60 Tot Debt to Common Equity 84.71% Accounts Payable Turnover Day 115.64 Accounts Receivable Turnover 7.10 Cash Conversion Cycle 76.54 Inventory Turnover 2.60 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Allied Nevada Gold Corp Price/Volume Valuation Analysis 3'841'882.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN n/a 13G 12'563'335 13.98 7'712'243 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'266'752 8.08 128'651 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 4'618'576 5.14 (88'198) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 4'534'307 5.04 (1'437'400) 31.03.2013 Investment Advisor PESCIO CARL A n/a Form 4 4'403'800 4.9 (296'200) 21.09.2012 n/a SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 4'264'100 4.74 9'400 31.03.2013 Investment Advisor GUGGENHEIM n/a ULT-AGG 4'094'906 4.56 2'895'167 30.04.2013 Unclassified GCIC LTD/CANADA n/a 13G 3'931'475 4.37 (1'009'900) 18.04.2013 Investment Advisor BLACKROCK n/a ULT-AGG 3'054'914 3.4 (174'019) 14.05.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 2'596'885 2.89 188'152 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 2'464'979 2.74 106'871 31.03.2013 Investment Advisor BUCHAN ROBERT M n/a PROXY 2'211'500 2.46 (23'300) 08.03.2013 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'189'300 2.44 331'500 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'048'400 2.28 (1'176'615) 31.03.2013 Investment Advisor TACONIC CAPITAL ADVI TACONIC CAPITAL ADVI 13F 2'000'000 2.22 2'000'000 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'768'623 1.97 (400'400) 31.03.2013 Hedge Fund Manager SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 1'620'900 1.8 - 28.02.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 1'502'184 1.67 (7'037) 31.03.2013 Hedge Fund Manager COLUMBIA WANGER ASSE COLUMBIA WANGER ASSE 13F 1'322'000 1.47 (122'000) 31.03.2013 Investment Advisor JANUS CAPITAL MANAGE n/a ULT-AGG 981'800 1.09 837'700 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 15.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 17 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 34 Not Provided 13.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector perform 3 M 15 Not Provided 02.05.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 11 Not Provided 01.05.2013 Macquarie MICHAEL GRAY underperform 1 M 9 12 month 01.05.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 15 12 month 30.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 U 12 12 month 23.04.2013 Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 24 12 month 22.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 43 12 month 09.04.2013 Holdings By: Allied Nevada Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Hecla Mining Company explores, develops, and mines precious metals, gold and silver. The Company has operations in the United States and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 6.92 52-Week Low (18.04.2013) 2.95 Daily Volume 3.1 52-Week High % Change -55.22% Dividend Yield 2.02 52-Week Low % Change 5.08% Beta 1.36 % 52 Week Price Range High/Low 3.78% Equity Float 283.22 Shares Out 07.05.2013 285.2 Short Int 26.09 884.01 1 Yr Total Return -16.09% Total Debt 17.50 YTD Return -46.67% Preferred Stock 0.0 Adjusted BETA 1.356 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 190.98 Consensus Rating 3.500 Enterprise Value 745.97 Average Volume 5 Day 5'170'497 HL US EQUITY YTD Change - Average Volume 30 Day 6'445'187 HL US EQUITY YTD % CHANGE - Average Volume 3 Month 6'366'699 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 204.7 312.5 418.8 477.6 321.1 432.4 306.4 483.6 641.6 111.4 151.5 3.08x 4.39x 6.28x 2.59x 4.64x 11.93x 17.19x 2.41x 1.68x 6.93x 7.46x 15.3 132.3 211.3 254.7 92.9 210.2 73.6 205.4 340.9 49.7 83.3 41.21x 10.38x 12.44x 4.85x 16.03x 5.01x 13.43x 3.63x 2.19x 2.31x 2.04x (66.6) 67.8 49.0 151.2 15.0 120.4 13.5 60.1 125.8 9.2 16.6 - 34.33x 62.56x 12.16x 83.29x 14.00x 32.92x 16.76x 8.24x 11.88x 9.04x EBITDA 92.91 Long-Term Rating Date 04.04.2013 EBIT 42.79 Long-Term Rating B Operating Margin 13.33% Long-Term Outlook STABLE Pretax Margin 7.42% Short-Term Rating Date - Return on Assets 0.97% Short-Term Rating - Return on Common Equity 1.13% Return on Capital 1.31% EBITDA/Interest Exp. 38.28 Asset Turnover 0.22% (EBITDA-Capex)/Interest Exp. -8.32 Net Debt/EBITDA -1.98 Gross Margin 44.7% Total Debt/EBITDA 0.31 EBITDA Margin 24.0% EBIT Margin 6.5% Total Debt/Equity 1.5% Net Income Margin 4.7% Total Debt/Capital 1.5% Asset Turnover 0.22 Current Ratio 2.98 Net Fixed Asset Turnover 0.31 Quick Ratio 2.20 Accounts receivable turnover-days 10.59 Debt to Assets 1.27% Inventory Days 57.05 Tot Debt to Common Equity 1.54% Accounts Payable Turnover Day 63.06 Accounts Receivable Turnover 34.48 Cash Conversion Cycle -4.24 Inventory Turnover 6.40 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Hecla Mining Co Price/Volume Valuation Analysis 6'774'904.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 20'163'923 7.07 491'092 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 15'874'824 5.57 - 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 15'111'549 5.3 (139'843) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 10'875'818 3.81 (1'098'945) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'583'337 1.96 913'185 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 4'997'041 1.75 (97'116) 31.03.2013 Investment Advisor CS MCKEE LP C S MCKEE LP 13F 4'173'590 1.46 1'290'990 31.03.2013 Investment Advisor KESTREL INVESTMENT M KESTREL INVESTMENT M 13F 4'127'550 1.45 130'300 31.03.2013 Investment Advisor CREDIT SUISSE AG CREDIT SUISSE AG 13F 3'911'135 1.37 945'081 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 3'247'355 1.14 (497'214) 31.03.2013 Investment Advisor LRI-FUND MANAGEMENT Multiple Portfolios MF-AGG 2'800'000 0.98 - 30.04.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'728'961 0.96 (42'581) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 2'623'100 0.92 (2'027'715) 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 2'493'254 0.87 8'934 31.03.2013 Investment Advisor AXA n/a ULT-AGG 2'418'493 0.85 - 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 2'250'000 0.79 (150'000) 28.02.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 2'035'400 0.71 (330'000) 29.03.2013 Investment Advisor NEW JERSEY DIVISION STATE OF NJ COMMON P 13F 1'900'000 0.67 - 31.03.2013 Pension Fund (ERISA) BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 1'771'132 0.62 (155'431) 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'698'286 0.6 1'054'728 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 4 Not Provided 13.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 5 12 month 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 6 12 month 13.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 4 12 month 09.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 6 6 month 19.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 17.04.2013 Scotia Capital TREVOR TURNBULL restricted #N/A N/A M #N/A N/A Not Provided 05.03.2013 Holdings By: Hecla Mining Co All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Nevsun Resources Ltd. is a gold producer and base metal developer. The Company has a gold-copper-zinc mine in Eritrea. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.11.2012) 4.98 52-Week Low (16.05.2012) 2.68 Daily Volume 3.49 52-Week High % Change -29.92% Dividend Yield - 52-Week Low % Change 30.22% Beta 1.04 % 52 Week Price Range High/Low 35.22% Equity Float - Shares Out #N/A N/A - Short Int 1.08 - 1 Yr Total Return 33.27% Total Debt 0.00 YTD Return -18.46% Preferred Stock 0.0 Adjusted BETA 1.040 Minority Interest 143.5 Analyst Recs 12 Cash and Equivalents 396.40 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 613'246 NSU US EQUITY YTD Change - Average Volume 30 Day 761'792 NSU US EQUITY YTD % CHANGE - Average Volume 3 Month 1'116'330 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 547.8 566.0 646.6 487.8 319.8 671.5 61.4 34.7 - - - 1.60x 1.05x 5.21x 4.68x - - - - (6.1) (4.9) (12.2) 429.2 426.5 509.2 347.4 197.5 449.3 21.4 14.1 - - - 2.04x 1.40x 1.15x 1.68x - - - - (5.7) (4.3) (13.3) 147.1 145.3 176.5 114.6 55.4 165.4 4.3 2.8 - - - - - 0.00x 0.00x 10.54x 3.73x 7.26x 5.17x EBITDA 426.46 Long-Term Rating Date - EBIT 397.41 Long-Term Rating - Operating Margin 70.21% Long-Term Outlook - Pretax Margin 70.80% Short-Term Rating Date - Return on Assets 14.32% Short-Term Rating - Return on Common Equity 19.57% Return on Capital 27.26% EBITDA/Interest Exp. 683.43 Asset Turnover 0.61% (EBITDA-Capex)/Interest Exp. 544.86 Net Debt/EBITDA -0.96 Gross Margin 89.9% Total Debt/EBITDA 0.00 EBITDA Margin 71.2% EBIT Margin 66.0% Total Debt/Equity 0.0% Net Income Margin 25.7% Total Debt/Capital 0.0% Asset Turnover 0.61 Current Ratio 6.56 Net Fixed Asset Turnover 1.50 Quick Ratio 5.92 Accounts receivable turnover-days 34.31 Debt to Assets 0.00% Inventory Days 339.31 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 94.57 Accounts Receivable Turnover 10.64 Cash Conversion Cycle 235.97 Inventory Turnover 1.08 Fiscal Year Ended Nevsun Resources Ltd Price/Volume Valuation Analysis 930'950.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VANGUARD GROUP INC Multiple Portfolios MF-AGG 39'604'711 0 60'000 31.03.2013 Investment Advisor M&G INVESTMENT MANAG M&G INVESTMENT MANAG 13F 38'500'000 0 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 29'730'099 0 - 14.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 19'717'500 0 - 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 14'062'861 0 364'628 15.05.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 5'077'040 0 613'900 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 4'239'444 0 124'000 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'054'900 0 51'600 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 2'652'816 0 (409'688) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'922'020 0 43'700 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'635'201 0 (248'400) 31.03.2013 Pension Fund (ERISA) DAVIS CLIFFORD T n/a SEDI 1'553'219 0 (50'100) 19.11.2012 n/a RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 1'433'700 0 390'400 31.03.2013 Hedge Fund Manager CLARKE JOHN A n/a SEDI 1'367'000 0 - 31.12.2012 n/a NORGES BANK NORGES BANK 13F 1'233'881 0 (146'716) 31.12.2012 Government TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'119'275 0 (276'702) 31.03.2013 Investment Advisor MCKINLEY CAPITAL MAN MCKINLEY CAPITAL MAN 13F 1'094'380 0 1'094'380 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 1'091'342 0 11'479 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 1'031'500 0 24'900 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 1'028'199 0 763'003 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets PATRICK MORTON sector perform 3 M 5 12 month 15.05.2013 Raymond James ADAM LOW outperform 5 M 4 12 month 13.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 U 4 Not Provided 13.05.2013 Paradigm Capital Inc DAVID DAVIDSON buy 5 M 8 12 month 13.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 4 12 month 13.05.2013 Cormark Securities Inc. CLIFF HALE-SANDERS buy 5 M 5 12 month 13.05.2013 Haywood Securities Inc. STEFAN IOANNOU buy 5 M 5 12 month 13.05.2013 GMP ANDREW MIKITCHOOK hold 3 M 4 Not Provided 13.05.2013 TD Securities STEVEN J GREEN hold 3 M 4 12 month 13.05.2013 PI Financial Corp. ALEEM LADAK buy 5 M 6 Not Provided 13.05.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Holdings By: Nevsun Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Aurizon Mines Ltd. is a gold mining company. The Company's operations and exploration activities are located in the Abitibi region of north-western Quebec, Canada. Aurizon operates and owns an interest in the Beaufor Mine, the Sleeping Giant Mine, and the Casa Berardi property. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 5.37 52-Week Low (24.12.2012) 3.19 Daily Volume 3.81 52-Week High % Change -29.05% Dividend Yield - 52-Week Low % Change 19.44% Beta 0.96 % 52 Week Price Range High/Low 28.44% Equity Float 136.32 Shares Out 30.04.2013 164.7 Short Int 2.40 627.38 1 Yr Total Return -3.54% Total Debt 0.00 YTD Return 9.48% Preferred Stock 0.0 Adjusted BETA 0.958 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 204.71 Consensus Rating 3.000 Enterprise Value 449.51 Average Volume 5 Day 412'945 AZK US EQUITY YTD Change - Average Volume 30 Day 888'891 AZK US EQUITY YTD % CHANGE - Average Volume 3 Month 917'810 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 144.5 175.6 178.7 260.0 223.6 269.5 210.1 209.3 266.3 46.6 49.5 4.07x 3.65x 5.82x 2.31x 1.61x 9.71x 10.01x - - - - 53.5 87.5 69.8 124.9 92.2 134.3 77.9 94.0 139.0 - - 10.98x 7.32x 14.90x 4.81x 3.90x 4.46x 6.98x 4.79x 3.23x - - 4.9 36.7 17.2 43.9 31.8 49.7 20.6 27.9 51.1 3.4 4.6 - - - - - 0.00x 0.00x 29.85x 14.92x - - EBITDA 92.23 Long-Term Rating Date - EBIT 54.50 Long-Term Rating - Operating Margin 24.38% Long-Term Outlook - Pretax Margin 25.08% Short-Term Rating Date - Return on Assets 4.76% Short-Term Rating - Return on Common Equity 5.91% Return on Capital 6.03% EBITDA/Interest Exp. 107.74 Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 19.32 Net Debt/EBITDA -2.43 Gross Margin 41.0% Total Debt/EBITDA 0.00 EBITDA Margin 37.1% EBIT Margin 18.6% Total Debt/Equity 0.0% Net Income Margin 14.2% Total Debt/Capital 0.0% Asset Turnover 0.49 Current Ratio 7.30 Net Fixed Asset Turnover 1.07 Quick Ratio 6.49 Accounts receivable turnover-days 19.33 Debt to Assets 0.00% Inventory Days 49.19 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 82.16 Accounts Receivable Turnover 18.89 Cash Conversion Cycle 14.19 Inventory Turnover 7.42 Fiscal Year Ended Aurizon Mines Ltd Price/Volume Valuation Analysis 207'992.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ALAMOS GOLD INC n/a 13D 26'507'283 16.1 - 19.03.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 22'947'156 13.94 (4'072'245) 15.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 5'855'560 3.56 104'300 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'647'300 2.82 (159'200) 31.03.2013 Hedge Fund Manager GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'273'700 2.6 4'273'700 31.03.2013 Investment Advisor ALPINE ASSOCIATES AD ALPINE ASSOCIATES AD 13F 3'842'000 2.33 3'842'000 31.03.2013 Hedge Fund Manager HARVARD MANAGEMENT C HARVARD MANAGEMENT C 13F 1'707'800 1.04 1'707'800 31.03.2013 Endowment LONGFELLOW INVESTMEN LONGFELLOW INVESTMEN 13F 1'674'818 1.02 1'674'818 31.03.2013 Investment Advisor TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 1'655'218 1.01 1'655'218 28.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'584'910 0.96 45'000 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'400'000 0.85 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'379'219 0.84 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'304'320 0.79 (1'626'815) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'289'081 0.78 1'097'036 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'264'143 0.77 1'264'143 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'121'404 0.68 (1'183'046) 31.03.2013 Hedge Fund Manager UBS n/a ULT-AGG 1'093'674 0.66 1'062'194 31.03.2013 Unclassified HALL DAVID P n/a SEDI 990'342 0.6 5'000 04.04.2012 n/a TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 962'464 0.58 12'062 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 955'334 0.58 (248'713) 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets BRIAN QUAST underperform 1 M 4 Not Provided 15.05.2013 Global Hunter Securities JEFF WRIGHT neutral 3 M 5 12 month 13.05.2013 Desjardins Securities ADAM MELNYK tender #N/A N/A M 5 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO tender #N/A N/A M 5 12 month 10.05.2013 EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 15.03.2013 Mackie Research Capital Corp. RYAN HANLEY tender #N/A N/A M 5 Not Provided 05.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 5 12 month 04.03.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 CIBC World Markets COSMOS CHIU restricted #N/A N/A M #N/A N/A Not Provided 25.01.2013 Loewen, Ondaatje, McCutcheon Ltd MICHAEL G FOWLER buy 5 M 6 12 month 23.01.2013 Scotia Capital OVAIS HABIB restricted #N/A N/A M #N/A N/A Not Provided 21.01.2013 Holdings By: Aurizon Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Silver Standard Resources Inc. is a silver exploration company focused on acquiring and developing silver resources on a global basis. The Company has projects in Argentina, Peru, Mexico, Canada, Chile, the United States and Australia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 16.92 52-Week Low (15.05.2013) 6.43 Daily Volume 6.49 52-Week High % Change -61.64% Dividend Yield - 52-Week Low % Change 0.93% Beta 1.09 % 52 Week Price Range High/Low 0.57% Equity Float 80.57 Shares Out 30.04.2013 80.8 Short Int 3.54 524.10 1 Yr Total Return -36.18% Total Debt 135.81 YTD Return -56.41% Preferred Stock 0.0 Adjusted BETA 1.089 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 366.95 Consensus Rating 3.545 Enterprise Value 292.95 Average Volume 5 Day 1'167'253 SSRI US EQUITY YTD Change - Average Volume 30 Day 1'457'722 SSRI US EQUITY YTD % CHANGE - Average Volume 3 Month 1'234'993 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 5.4 112.3 147.8 241.1 126.2 251.8 215.9 243.4 56.1 59.4 - 307.12x 18.82x 6.19x 4.03x 40.61x 10.87x 1.75x 2.23x 6.05x 6.85x (17.9) (17.7) 5.3 39.4 54.6 20.8 46.9 58.2 79.7 11.9 15.4 - - 400.55x 23.24x 17.81x 50.46x 0.00x 5.04x 3.68x 4.06x 3.53x (5.6) (13.2) 338.5 80.1 54.8 69.1 51.3 (10.4) (5.2) (1.9) (1.1) - - - - - 0.00x 0.00x - - - 540.83x EBITDA 54.59 Long-Term Rating Date - EBIT 9.75 Long-Term Rating - Operating Margin 4.04% Long-Term Outlook - Pretax Margin 14.55% Short-Term Rating Date - Return on Assets 4.23% Short-Term Rating - Return on Common Equity 5.37% Return on Capital - EBITDA/Interest Exp. 2.23 Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -0.30 Net Debt/EBITDA -4.23 Gross Margin 19.1% Total Debt/EBITDA 2.49 EBITDA Margin 22.6% EBIT Margin 4.0% Total Debt/Equity 12.8% Net Income Margin 22.7% Total Debt/Capital 11.4% Asset Turnover 0.19 Current Ratio 2.76 Net Fixed Asset Turnover 0.44 Quick Ratio 2.10 Accounts receivable turnover-days 78.06 Debt to Assets 10.31% Inventory Days 184.84 Tot Debt to Common Equity 12.84% Accounts Payable Turnover Day 114.73 Accounts Receivable Turnover 4.69 Cash Conversion Cycle 148.18 Inventory Turnover 1.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Silver Standard Resources Inc Price/Volume Valuation Analysis 1'879'463.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 6'782'680 8.4 (1'486'526) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'716'543 7.08 141'978 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 3'564'858 4.41 592'287 31.03.2013 Investment Advisor VINIK ASSET MANAGEME VINIK ASSET MANAGEME 13F 2'504'177 3.1 722'770 31.03.2013 Hedge Fund Manager TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 1'841'793 2.28 747'006 31.03.2013 Investment Advisor AXA n/a ULT-AGG 1'508'237 1.87 8'300 31.03.2013 Investment Advisor NEWGATE CAPITAL MANA NEWGATE CAPITAL MANA 13F 1'283'256 1.59 302'640 31.03.2013 Investment Advisor CARLSON CAPITAL LP CARLSON CAPITAL LP 13F 1'127'900 1.4 923'744 31.03.2013 Hedge Fund Manager GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'076'357 1.33 (8'883) 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 915'000 1.13 (75'000) 28.02.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 811'912 1.01 288'500 31.03.2013 Pension Fund (ERISA) UBS n/a ULT-AGG 804'279 1 88'666 31.03.2013 Unclassified PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 778'570 0.96 10'800 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 720'000 0.89 (180'000) 31.12.2012 Investment Advisor ATLANTIC INVESTMENT ATLANTIC INVESTMENT 13F 697'830 0.86 697'830 31.03.2013 Investment Advisor LRI-FUND MANAGEMENT Multiple Portfolios MF-AGG 681'000 0.84 - 30.04.2013 Investment Advisor NEUFLIZE OBC ASSET M Multiple Portfolios MF-AGG 618'576 0.77 - 30.12.2011 Investment Advisor NORGES BANK NORGES BANK 13F 498'001 0.62 (78'964) 31.12.2012 Government TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 493'683 0.61 9'039 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 466'332 0.58 39'728 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 12 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 22 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 17 12 month 13.05.2013 Salman Partners ASH GUGLANI buy 5 M 16 12 month 10.05.2013 Deutsche Bank JORGE M BERISTAIN sell 1 M 9 12 month 09.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 10 12 month 09.05.2013 Credit Suisse RALPH M PROFITI neutral 3 M 17 Not Provided 09.05.2013 GMP CHELSEA HAMILTON buy 5 M 27 12 month 09.05.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 9 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 18.04.2013 CIBC World Markets ARNOLD VAN GRAAN sector perform 3 M 12 Not Provided 11.04.2013 Holdings By: Silver Standard Resources Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Seabridge Gold, Inc. acquires gold projects in North America. The Company expands and verifies these resources, moves them to reserves to determine their economic value, and either sells to or forms joint ventures with larger companies for mine construction and production. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 20.34 52-Week Low (18.04.2013) 9.63 Daily Volume 10.19 52-Week High % Change -49.89% Dividend Yield - 52-Week Low % Change 5.82% Beta 0.99 % 52 Week Price Range High/Low 5.23% Equity Float 41.57 Shares Out 30.04.2013 45.6 Short Int 3.88 464.22 1 Yr Total Return -19.95% Total Debt 0.00 YTD Return -43.29% Preferred Stock 0.0 Adjusted BETA 0.990 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 52.04 Consensus Rating 4.000 Enterprise Value 420.67 Average Volume 5 Day 249'532 SA US EQUITY YTD Change - Average Volume 30 Day 378'080 SA US EQUITY YTD % CHANGE - Average Volume 3 Month 377'719 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (5.6) (5.0) (5.7) (19.8) (15.8) (19.8) (5.1) (15.0) (16.0) - - - - - - - 0.00x 0.00x - - - - 10.3 (4.7) 3.3 (20.1) (12.5) (18.3) (14.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -15.82 Long-Term Rating Date - EBIT -15.83 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -5.08% Short-Term Rating - Return on Common Equity -5.37% Return on Capital - EBITDA/Interest Exp. -385.83 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1574.22 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.11 Net Fixed Asset Turnover 0.00 Quick Ratio 5.11 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Seabridge Gold Inc Price/Volume Valuation Analysis 467'017.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 12'566'447 27.58 661'363 15.05.2013 Investment Advisor PAN ATLANTIC BANK n/a PROXY 8'001'232 17.56 - 10.05.2012 Bank ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 5'837'287 12.81 (289'596) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'022'491 4.44 - 31.03.2013 Hedge Fund Manager FRONK RUDI P n/a SEDI 1'180'000 2.59 10'000 16.11.2012 n/a ANTHONY JAMES S n/a PROXY 779'791 1.71 - 15.05.2012 n/a FMR LLC n/a ULT-AGG 601'905 1.32 - 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 572'976 1.26 115'079 31.03.2013 Investment Advisor FCMI FINANCIAL CORP n/a PROXY 555'000 1.22 - 10.05.2012 Corporation BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 478'467 1.05 (203'241) 31.03.2013 Hedge Fund Manager FNDTN FOR STUDY OBJ n/a SEDI 425'334 0.93 - 06.02.2012 Other FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 415'000 0.91 (35'000) 02.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 338'868 0.74 (465'199) 14.05.2013 Investment Advisor FOX LOUIS J n/a SEDI 300'750 0.66 - 06.12.2011 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 286'420 0.63 (23'150) 31.03.2013 Investment Advisor THRELKELD WILLIAM E n/a SEDI 265'000 0.58 (10'000) 30.08.2011 n/a BANFIELD A FREDERICK n/a PROXY 245'000 0.54 - 15.05.2012 n/a NORGES BANK NORGES BANK 13F 235'224 0.52 (71'639) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 199'794 0.44 21'035 31.03.2013 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 167'000 0.37 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 64 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 22 12 month 08.03.2013 Nomura TYLER BRODA buy 5 M 24 Not Provided 16.05.2012 Holdings By: Seabridge Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Tanzanian Royalty Exploration Corporation acquires, explores, and develops mineral properties. The Company explores for gold. Latest Fiscal Year: 08/2012 LTM as of: 02/yy 52-Week High (21.09.2012) 5.34 52-Week Low (18.04.2013) 2.42 Daily Volume 2.63 52-Week High % Change -50.75% Dividend Yield - 52-Week Low % Change 8.68% Beta 1.25 % 52 Week Price Range High/Low 7.19% Equity Float 92.75 Shares Out 30.04.2013 100.7 Short Int 8.19 264.79 1 Yr Total Return -26.54% Total Debt 2.07 YTD Return -40.36% Preferred Stock 0.0 Adjusted BETA 1.246 Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 20.06 Consensus Rating - Enterprise Value 256.10 Average Volume 5 Day 277'054 TRX US EQUITY YTD Change - Average Volume 30 Day 472'773 TRX US EQUITY YTD % CHANGE - Average Volume 3 Month 474'072 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 02/yy 02/yy 08/13 Y 08/14 Y 05/13 Q3 08/13 Q4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.9) (3.4) (3.0) (4.3) (5.1) (4.6) (5.0) - - - - - - - - - 0.00x 0.00x - - - - (3.7) (4.7) (3.4) (11.1) (8.9) (14.6) (2.2) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -5.06 Long-Term Rating Date - EBIT -5.44 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -3.52% Short-Term Rating - Return on Common Equity -4.13% Return on Capital - EBITDA/Interest Exp. -49.26 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -133.96 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.21 EBITDA Margin - EBIT Margin - Total Debt/Equity 4.1% Net Income Margin - Total Debt/Capital 3.9% Asset Turnover 0.00 Current Ratio 8.84 Net Fixed Asset Turnover 0.00 Quick Ratio 8.68 Accounts receivable turnover-days - Debt to Assets 3.28% Inventory Days - Tot Debt to Common Equity 4.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Tanzanian Royalty Exploration Corp Price/Volume Valuation Analysis 323'081.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 14'700'030 14.6 1'177'305 15.05.2013 Investment Advisor GEIER GROUP LLC n/a 13G 4'879'743 4.85 (4'801'048) 10.11.2011 Other BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 3'669'696 3.64 (116'921) 28.02.2013 Investment Advisor SINCLAIR JAMES E n/a SEDI 1'885'543 1.87 (1'000) 08.02.2013 n/a BPI GLOBAL INVESTMEN Multiple Portfolios MF-AGG 673'902 0.67 (37'877) 28.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 516'924 0.51 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 498'912 0.5 131'800 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 474'292 0.47 60'200 31.03.2013 Investment Advisor MORROW ROSALIND n/a SEDI 429'429 0.43 5'382 11.03.2013 n/a HARVEY WILLIAM M n/a SEDI 340'090 0.34 7'732 12.04.2013 n/a BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 334'811 0.33 4'654 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 309'070 0.31 - 15.05.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 287'556 0.29 102'344 31.03.2013 Investment Advisor PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 212'810 0.21 250 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 190'479 0.19 22'792 31.03.2013 Investment Advisor LUIS VICTORIA n/a 20F 144'045 0.14 - 31.10.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 141'479 0.14 (4'090) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 124'831 0.12 27'380 31.03.2013 Investment Advisor VAN TONGEREN STEVEN n/a SEDI 124'663 0.12 544 09.05.2013 n/a ALTUS CAPITAL INC ALTUS CAPITAL INC 13F 104'500 0.1 56'500 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Tanzanian Royalty Exploration Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Golden Star Resources Ltd. is a mid-tier gold mining company. The Company's operating mines are situated along the Ashanti Gold Belt in Ghana, West Africa. Latest Fiscal Year: 12/1997 LTM as of: 03/yy 52-Week High (16.10.2012) 2.11 52-Week Low (15.05.2013) 0.66 Daily Volume 0.7 52-Week High % Change -66.82% Dividend Yield 0.00 52-Week Low % Change 6.06% Beta 1.06 % 52 Week Price Range High/Low 2.76% Equity Float 257.69 Shares Out 08.05.2013 259.1 Short Int 12.89 181.37 1 Yr Total Return -44.88% Total Debt 117.48 YTD Return -61.96% Preferred Stock 0.0 Adjusted BETA 1.057 Minority Interest (2.0) Analyst Recs 10 Cash and Equivalents 78.88 Consensus Rating 2.200 Enterprise Value 228.15 Average Volume 5 Day 3'531'699 GSS US EQUITY YTD Change - Average Volume 30 Day 2'504'985 GSS US EQUITY YTD % CHANGE - Average Volume 3 Month 2'193'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 257.4 - 432.7 471.0 550.5 485.5 552.4 481.9 487.2 123.0 123.7 1.43x - 2.72x 0.98x 0.95x 4.31x 3.44x 0.60x 0.58x 1.96x 2.05x 1.8 - 107.6 91.8 124.7 94.4 117.0 77.4 117.8 26.0 27.8 200.09x - 10.93x 5.00x 4.18x 5.74x 3.95x 2.95x 1.94x 2.24x 2.36x (119.3) - (11.2) (2.1) (9.5) 1.1 (25.2) (9.0) 26.7 0.4 2.2 - - - - - 0.00x 0.00x - 8.24x - 21.88x EBITDA 124.67 Long-Term Rating Date - EBIT 25.74 Long-Term Rating - Operating Margin 4.68% Long-Term Outlook - Pretax Margin 1.20% Short-Term Rating Date - Return on Assets -3.45% Short-Term Rating - Return on Common Equity -5.78% Return on Capital - EBITDA/Interest Exp. 12.27 Asset Turnover 0.76% (EBITDA-Capex)/Interest Exp. 3.56 Net Debt/EBITDA 0.43 Gross Margin 9.6% Total Debt/EBITDA 0.95 EBITDA Margin 21.2% EBIT Margin 2.9% Total Debt/Equity 27.1% Net Income Margin -1.7% Total Debt/Capital 21.4% Asset Turnover 0.76 Current Ratio 1.58 Net Fixed Asset Turnover 1.06 Quick Ratio 0.69 Accounts receivable turnover-days 7.91 Debt to Assets 16.18% Inventory Days 61.01 Tot Debt to Common Equity 27.10% Accounts Payable Turnover Day 51.20 Accounts Receivable Turnover 46.13 Cash Conversion Cycle -1.28 Inventory Turnover 5.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Golden Star Resources Ltd Price/Volume Valuation Analysis 3'521'219.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 39'316'268 15.17 3'237'877 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 28'879'600 11.15 (1'359'000) 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 26'830'259 10.35 844'389 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 10'793'356 4.17 723'887 14.05.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 7'898'726 3.05 1'617'352 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'237'500 2.02 5'237'500 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 4'819'436 1.86 (1'475'687) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'558'095 1.76 12'016 31.03.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 4'350'000 1.68 4'350'000 31.03.2013 Hedge Fund Manager WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 3'221'423 1.24 (492'267) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 3'178'325 1.23 (308'600) 31.03.2013 Pension Fund (ERISA) NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'972'612 1.15 (92'341) 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 2'625'741 1.01 - 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'934'059 0.75 - 31.12.2012 Government CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'870'572 0.72 1'267'792 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'795'127 0.69 (50'700) 31.03.2013 Investment Advisor LEGG MASON CAPITAL M Multiple Portfolios MF-AGG 1'467'781 0.57 - 31.03.2013 Investment Advisor PRINCIPAL FINANCIAL n/a ULT-AGG 1'271'090 0.49 (619'837) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'235'376 0.48 (1'024'176) 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'175'635 0.45 455'015 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS underperform 1 D 1 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 1 12 month 13.05.2013 Macquarie PIERRE VAILLANCOURT neutral 3 M 1 12 month 11.05.2013 Raymond James BRAD HUMPHREY market perform 3 M 1 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 2 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 10.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 09.05.2013 CIBC World Markets COSMOS CHIU sector underperform 1 D 1 Not Provided 09.05.2013 Scotia Capital TREVOR TURNBULL sector underperform 1 D 0 12 month 23.04.2013 Holdings By: Golden Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Vista Gold Corp. is an international gold mining company. The Company is focused on its core projects, the Concordia gold project located in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Latest Fiscal Year: 12/2007 LTM as of: 03/yy 52-Week High (21.09.2012) 4.09 52-Week Low (15.05.2013) 1.30 Daily Volume 1.32 52-Week High % Change -67.73% Dividend Yield 0.00 52-Week Low % Change 1.54% Beta 1.17 % 52 Week Price Range High/Low 0.72% Equity Float 68.27 Shares Out 30.04.2013 81.7 Short Int 1.54 107.87 1 Yr Total Return -46.12% Total Debt 0.00 YTD Return -51.11% Preferred Stock 0.0 Adjusted BETA 1.168 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 88.40 Consensus Rating 5.000 Enterprise Value 19.48 Average Volume 5 Day 306'286 VGZ US EQUITY YTD Change - Average Volume 30 Day 414'468 VGZ US EQUITY YTD % CHANGE - Average Volume 3 Month 483'989 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (6.5) (6.1) (17.7) (28.1) (35.6) (31.9) (26.7) (18.8) (14.6) - - - - - - - 0.00x 0.00x - - - - (10.0) (1.9) (20.0) 51.5 (70.7) 44.2 (85.7) (26.5) (6.4) (4.4) (5.9) - - - - - 0.00x 0.00x - - - - EBITDA -35.63 Long-Term Rating Date - EBIT -36.22 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -44.30% Short-Term Rating - Return on Common Equity -57.29% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 2.94 Net Fixed Asset Turnover 0.00 Quick Ratio 2.84 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Vista Gold Corp Price/Volume Valuation Analysis 484'396.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a Research 12'084'310 14.79 - 31.12.2012 Hedge Fund Manager SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 12'084'310 14.79 - 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'374'527 13.92 1'172'092 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 6'145'260 7.52 (430'462) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 2'577'504 3.15 268'822 14.05.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 1'758'748 2.15 - 31.03.2013 Corporation ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 1'386'026 1.7 (200'000) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 881'631 1.08 (20'701) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 871'929 1.07 343'929 31.03.2013 Investment Advisor PERRITT CAPITAL MANA PERRITT CAPITAL MANA 13F 822'000 1.01 - 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 755'864 0.92 627'319 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 713'381 0.87 4'326 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 632'415 0.77 (100'000) 31.03.2013 Pension Fund (ERISA) PARKER FREDERICK H E n/a Form 4 556'325 0.68 - 05.09.2012 n/a CREDIT SUISSE AG CREDIT SUISSE AG 13F 412'356 0.5 327'220 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 327'993 0.4 44'000 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 248'473 0.3 88'467 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 201'025 0.25 11'051 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 199'168 0.24 (72'615) 31.03.2013 Investment Advisor RICHINGS MICHAEL B n/a Form 4 188'121 0.23 - 08.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Roth Capital Partners BRIAN W POST buy 5 M 7 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 12 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 4 12 month 10.05.2013 Holdings By: Vista Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Great Basin Gold Limited explores and develops gold properties. The Company prospects for gold in the Witwatersrand Basin in South Africa and the Carlin Trend in Nevada. Latest Fiscal Year: 12/2011 LTM as of: 09/yy 52-Week High (15.06.2012) 0.78 52-Week Low (03.05.2013) 0.01 Daily Volume 0.006 52-Week High % Change -99.23% Dividend Yield - 52-Week Low % Change 0.00% Beta - % 52 Week Price Range High/Low 0.00% Equity Float - Shares Out 28.09.2012 552.4 Short Int 0.69 3.31 1 Yr Total Return -98.78% Total Debt 282.45 YTD Return - Preferred Stock 0.0 Adjusted BETA - Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 25.75 Consensus Rating - Enterprise Value 319.56 Average Volume 5 Day 1'076'966 GBGLF US EQUITY YTD Change - Average Volume 30 Day 1'944'195 GBGLF US EQUITY YTD % CHANGE - Average Volume 3 Month 2'560'745 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 09/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1 0.0 24.7 33.7 99.7 170.3 172.5 144.8 - - - - - 14.86x 19.15x 14.22x 4.16x 28.57x 13.73x - - - - (62.2) (104.9) (50.6) (15.7) 18.3 24.5 (26.1) - - - - - - - - 38.63x 43.55x 0.00x - - - - (51.2) (84.9) (48.4) (27.1) (17.7) (48.2) (91.7) - - - - - - - - - 0.00x 0.00x - - - - EBITDA 18.34 Long-Term Rating Date - EBIT -0.57 Long-Term Rating - Operating Margin -0.33% Long-Term Outlook - Pretax Margin -38.35% Short-Term Rating Date - Return on Assets -11.45% Short-Term Rating - Return on Common Equity -22.67% Return on Capital - EBITDA/Interest Exp. 0.75 Asset Turnover 0.18% (EBITDA-Capex)/Interest Exp. -5.72 Net Debt/EBITDA - Gross Margin 29.7% Total Debt/EBITDA -12.49 EBITDA Margin -18.0% EBIT Margin -28.2% Total Debt/Equity 59.9% Net Income Margin -10.4% Total Debt/Capital 37.5% Asset Turnover 0.18 Current Ratio 0.78 Net Fixed Asset Turnover 0.20 Quick Ratio 0.50 Accounts receivable turnover-days 19.73 Debt to Assets 33.22% Inventory Days 69.54 Tot Debt to Common Equity 59.90% Accounts Payable Turnover Day 202.52 Accounts Receivable Turnover 18.55 Cash Conversion Cycle 39.53 Inventory Turnover 5.26 Fiscal Year Ended Great Basin Gold Ltd Price/Volume Valuation Analysis 3'262'601.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 23'107'390 4.18 - 31.01.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 22'797'000 4.13 - 27.12.2012 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 22'362'762 4.05 (68'246'952) 15.05.2013 Investment Advisor TRANTER GOLD (BEE) n/a Research 20'932'183 3.79 - 24.04.2012 n/a POWER CORP OF CANADA n/a ULT-AGG 9'258'842 1.68 (17'025) 31.01.2013 Holding Company UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 3'530'000 0.64 - 30.06.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 3'012'546 0.55 - 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'686'303 0.49 1'050 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'785'700 0.32 (17'785'700) 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'173'800 0.21 (768'400) 31.12.2012 Investment Advisor DIPPENAAR FERDINAND n/a SEDI 1'126'800 0.2 100'000 13.04.2012 n/a MOSTERT JACOB DAWID n/a SEDI 731'273 0.13 - 16.04.2012 n/a COOKE PATRICK RANDAL n/a SEDI 525'202 0.1 - 31.12.2012 n/a THIESSEN RONALD W n/a SEDI 468'531 0.08 100'000 25.04.2012 n/a MOMENTUM Multiple Portfolios MF-AGG 422'273 0.08 - 31.12.2012 Investment Advisor TIMBER HILL LLC TIMBER HILL LLC 13F 381'096 0.07 - 31.12.2012 Investment Advisor NESTOR INVESTMENT MA Multiple Portfolios MF-AGG 300'000 0.05 - 28.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 297'928 0.05 - 31.12.2012 Insurance Company STATE STREET n/a ULT-AGG 266'255 0.05 - 15.05.2013 Investment Advisor PRUDENTIAL OF AMERIC n/a ULT-AGG 240'200 0.04 240'200 31.12.2012 Insurance Company Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Great Basin Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Argonaut Gold, Inc. explores for gold. The Company owns the operating El Castillo mine, the San Antonio development stage project and advanced stage exploration properties including: La Fortuna and La Colorada. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 11.08 52-Week Low (17.04.2013) 5.24 Daily Volume 6.24 52-Week High % Change -43.68% Dividend Yield 0.00 52-Week Low % Change 19.08% Beta 1.16 % 52 Week Price Range High/Low 17.12% Equity Float 144.53 Shares Out 30.04.2013 149.0 Short Int 11.88 929.57 1 Yr Total Return -5.31% Total Debt 0.00 YTD Return -34.11% Preferred Stock 0.0 Adjusted BETA 1.163 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 191.89 Consensus Rating 4.273 Enterprise Value 720.93 Average Volume 5 Day 1'304'896 AR CN EQUITY YTD Change - Average Volume 30 Day 1'246'969 AR CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'365'788 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 - - 51.6 104.6 187.1 103.2 205.8 204.5 262.3 41.0 53.8 - - 4.70x 5.77x 6.53x 26.41x 13.70x 3.65x 2.83x 18.38x 13.97x - - 15.3 55.9 107.3 55.7 94.7 97.2 140.0 16.8 26.4 - - 15.83x 10.78x 11.39x 13.93x 0.00x 7.42x 5.15x 7.60x 7.05x (0.1) (0.5) 3.7 26.3 64.9 27.6 69.2 55.1 81.8 10.0 17.4 - - 66.38x 24.42x 14.00x 30.39x 12.87x 15.75x 10.55x 13.93x 12.11x EBITDA 107.29 Long-Term Rating Date - EBIT 85.19 Long-Term Rating - Operating Margin 45.53% Long-Term Outlook - Pretax Margin 45.69% Short-Term Rating Date - Return on Assets 10.38% Short-Term Rating - Return on Common Equity 11.44% Return on Capital 11.43% EBITDA/Interest Exp. 296.39 Asset Turnover 0.30% (EBITDA-Capex)/Interest Exp. 159.48 Net Debt/EBITDA -1.79 Gross Margin 62.5% Total Debt/EBITDA 0.00 EBITDA Margin 57.3% EBIT Margin 45.5% Total Debt/Equity 0.0% Net Income Margin 34.7% Total Debt/Capital 0.0% Asset Turnover 0.30 Current Ratio 12.31 Net Fixed Asset Turnover 0.41 Quick Ratio 9.89 Accounts receivable turnover-days 16.68 Debt to Assets 0.00% Inventory Days 182.86 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 31.36 Accounts Receivable Turnover 21.94 Cash Conversion Cycle 178.40 Inventory Turnover 2.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Argonaut Gold Inc Price/Volume Valuation Analysis 1'218'660.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 500.00 1'000.00 1'500.00 2'000.00 2'500.00 3'000.00 3'500.00 4'000.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 15'290'043 10.26 2'255'841 15.05.2013 Investment Advisor IG INVESTMENT MANAGE n/a Co File 6'707'533 4.5 - 30.09.2011 Investment Advisor LIBRA ADVISORS LLC n/a SEDI 5'768'001 3.87 (117'000) 02.03.2012 Hedge Fund Manager OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 5'602'697 3.76 - 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 3'138'600 2.11 - 30.06.2012 Investment Advisor MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 2'898'359 1.95 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 2'517'350 1.69 2'517'350 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 2'489'862 1.67 422'500 31.03.2013 Investment Advisor ALTAMIRA MANAGEMENT Multiple Portfolios MF-AGG 2'186'110 1.47 8'074 28.03.2013 Unclassified FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 1'971'153 1.32 87'779 28.02.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'530'917 1.03 (8'500) 31.01.2013 Holding Company KENNEDY BRIAN JOHN n/a SEDI 1'472'476 0.99 5'488 06.02.2013 n/a DOUGHERTY PETER C n/a SEDI 1'337'779 0.9 54'885 06.02.2013 n/a BLACKROCK n/a ULT-AGG 1'333'212 0.89 1'892 14.05.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'133'457 0.76 (54'000) 28.09.2012 Investment Advisor SMITH EDGAR A n/a SEDI 1'120'359 0.75 39'286 14.02.2011 n/a NORTHWEST MUTUAL FUN Multiple Portfolios MF-AGG 1'113'156 0.75 (30'100) 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'050'881 0.71 (99'119) 29.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'028'750 0.69 - 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 994'950 0.67 331'100 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL SIPERCO outperform 5 M 9 12 month 15.05.2013 Stonecap Securities Inc CHRISTOS DOULIS outperform 5 M 10 12 month 15.05.2013 BMO Capital Markets ANDREW KAIP outperform 5 M 12 Not Provided 14.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 11 12 month 14.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector perform 3 M 8 12 month 14.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 11 Not Provided 14.05.2013 GMP ANDREW MIKITCHOOK buy 5 M 15 12 month 14.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 14.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 14 12 month 23.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 12 12 month 27.03.2013 Mine2Capital Inc ALKA SINGH sell 1 M 8 Not Provided 26.02.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 Holdings By: Argonaut Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Torex Gold Resources Inc. is a mining company dedicated to the exploration and development of precious metal resources with a focus on gold. The Company's Morelos Project is an advanced stage gold exploration property located in the state of Guerrero, southwest of Mexico City. Latest Fiscal Year: 10/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 2.29 52-Week Low (15.04.2013) 1.19 Daily Volume 1.43 52-Week High % Change -37.55% Dividend Yield 0.00 52-Week Low % Change 20.17% Beta 1.04 % 52 Week Price Range High/Low 21.82% Equity Float 604.09 Shares Out 30.04.2013 606.5 Short Int 2.40 867.30 1 Yr Total Return -4.67% Total Debt 0.00 YTD Return -35.00% Preferred Stock 0.0 Adjusted BETA 1.038 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 423.29 Consensus Rating 4.667 Enterprise Value 486.57 Average Volume 5 Day 4'257'434 TXG CN EQUITY YTD Change - Average Volume 30 Day 4'141'879 TXG CN EQUITY YTD % CHANGE - Average Volume 3 Month 3'646'038 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.10.2008 31.10.2009 31.10.2010 31.10.2011 31.10.2012 01/yy 03/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! (0.3) (1.1) (18.0) (34.1) (60.4) (40.3) (64.4) (61.7) (60.9) (15.2) (15.2) - - - - - 0.00x 0.00x - - - - (0.3) (1.0) (16.4) (33.9) (61.2) (39.9) (66.0) (57.6) (64.1) (12.7) (13.0) - - - - - 0.00x 0.00x - - - - EBITDA -60.39 Long-Term Rating Date - EBIT -60.89 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -14.08% Short-Term Rating - Return on Common Equity -14.28% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 50.56 Net Fixed Asset Turnover 0.00 Quick Ratio 50.21 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Torex Gold Resources Inc Price/Volume Valuation Analysis 10'755'520.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type TYRUS CAPITAL S.A.M. #N/A N/A Co File 92'450'000 15.24 6'150'000 30.04.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 60'515'402 9.98 (827'068) 15.05.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 34'109'990 5.62 (42'200) 31.03.2013 Hedge Fund Manager GCIC LTD/CANADA Multiple Portfolios MF-AGG 25'131'050 4.14 14'571'050 28.02.2013 Investment Advisor FMR LLC n/a ULT-AGG 22'706'997 3.74 2'147'411 31.12.2012 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 20'684'500 3.41 (915'500) 28.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 18'072'377 2.98 1'674'300 28.03.2013 Bank INVESCO LTD n/a ULT-AGG 11'270'799 1.86 1'434'766 15.05.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 6'062'900 1 (1'969'100) 29.03.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 5'808'000 0.96 (931'500) 27.12.2012 Hedge Fund Manager BLACKROCK n/a ULT-AGG 5'297'720 0.87 7'700 14.05.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 5'250'000 0.87 5'250'000 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 5'133'800 0.85 150'000 31.12.2012 Hedge Fund Manager AMERICAN CENTURY COM Multiple Portfolios MF-AGG 5'129'653 0.85 - 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 5'036'452 0.83 - 31.03.2013 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 4'657'714 0.77 - 15.05.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 3'217'000 0.53 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'027'518 0.5 391'260 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'949'500 0.49 2'500'000 27.03.2013 Investment Advisor BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 2'809'056 0.46 (245'778) 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS speculative outperform 4 M 3 Not Provided 07.05.2013 Industrial Alliance Securities MERRILL MCHENRY buy 5 M 2 12 month 06.05.2013 Stifel MICHAEL A SCOON buy 5 M 3 12 month 03.05.2013 Macquarie PIERRE VAILLANCOURT outperform 5 M 3 12 month 25.04.2013 TD Securities DANIEL EARLE hold 3 M 2 12 month 23.04.2013 GMP GEORGE V ALBINO buy 5 M 3 12 month 15.04.2013 Clarus Securities JAMIE SPRATT buy 5 N 3 12 month 07.03.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 3 12 month 07.01.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 3 12 month 31.10.2012 Holdings By: Torex Gold Resources Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 LionGold Corp is an investment holding company focusing on gold mining, mine development and exploration globally. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (26.07.2012) 1.30 52-Week Low (23.05.2012) 0.96 Daily Volume 1.14 52-Week High % Change -12.31% Dividend Yield 0.00 52-Week Low % Change 18.75% Beta 0.61 % 52 Week Price Range High/Low 52.94% Equity Float 736.17 Shares Out 16.05.2013 921.9 Short Int - 1'051.01 1 Yr Total Return 16.92% Total Debt 31.11 YTD Return 4.11% Preferred Stock 0.0 Adjusted BETA 0.612 Minority Interest (3.0) Analyst Recs 2 Cash and Equivalents 31.66 Consensus Rating 3.000 Enterprise Value 1'012.39 Average Volume 5 Day 14'727'200 LIGO SP EQUITY YTD Change - Average Volume 30 Day 18'051'800 LIGO SP EQUITY YTD % CHANGE - Average Volume 3 Month 17'475'350 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 72.0 79.8 70.4 83.9 98.0 77.1 111.8 111.0 143.0 - - 0.64x 0.56x 3.80x 6.95x 7.95x 24.11x 33.63x - - - - 0.4 (3.7) 3.1 4.0 (5.3) (9.1) (18.2) - - - - 114.85x - 84.96x 144.70x - 0.00x 0.00x - - - - (4.7) (5.0) 2.9 0.9 (27.8) (15.1) (18.5) 4.9 10.1 - - - - 92.86x 740.91x - 0.00x 0.00x 190.00x 87.69x - - EBITDA -5.31 Long-Term Rating Date - EBIT -6.26 Long-Term Rating - Operating Margin -6.39% Long-Term Outlook - Pretax Margin -31.95% Short-Term Rating Date - Return on Assets -13.46% Short-Term Rating - Return on Common Equity -23.76% Return on Capital - EBITDA/Interest Exp. -1.79 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. -2.01 Net Debt/EBITDA -15.19 Gross Margin 10.5% Total Debt/EBITDA 25.31 EBITDA Margin 1.5% EBIT Margin -1.4% Total Debt/Equity 93.4% Net Income Margin -28.4% Total Debt/Capital 50.7% Asset Turnover 0.55 Current Ratio 2.52 Net Fixed Asset Turnover 7.06 Quick Ratio 1.58 Accounts receivable turnover-days 88.47 Debt to Assets 33.89% Inventory Days 45.83 Tot Debt to Common Equity 93.42% Accounts Payable Turnover Day 145.53 Accounts Receivable Turnover 4.14 Cash Conversion Cycle 2.67 Inventory Turnover 7.99 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended LionGold Corp Ltd Price/Volume Valuation Analysis 8'437'000.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 40.0 M 45.0 M 50.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ASIASONS INVESTMENT n/a EXCH 77'500'000 8.41 - 28.03.2013 Holding Company VAN ECK ASSOCIATES C n/a ULT-AGG 59'245'000 6.43 4'746'000 15.05.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 48'666'000 5.28 3'500'000 28.03.2013 Investment Advisor VENATON HOLDINGS LIM n/a EXCH 42'100'000 4.57 - 06.11.2012 Holding Company FORTE SERVICES LIMIT n/a EXCH 40'000'000 4.34 - 06.11.2012 Other NOMURA n/a ULT-AGG 39'154'410 4.25 - 09.04.2013 Unclassified CREDIT SUISSE AG n/a EXCH 29'800'996 3.23 (2'001'000) 04.12.2012 Investment Advisor BIN ABDUL DAI MD WIR n/a EXCH 16'425'000 1.78 - 06.11.2012 n/a NORGES BANK Multiple Portfolios MF-AGG 13'066'202 1.42 - 31.12.2012 Government DMG & PARTNERS SECUR n/a Co File 7'600'000 0.82 - 29.06.2012 Unclassified VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'139'691 0.45 (8'000) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 2'721'000 0.3 47'000 31.07.2012 Investment Advisor NG YICK HING NICHOLA n/a EXCH 2'000'000 0.22 2'000'000 14.02.2013 n/a BLACKROCK n/a ULT-AGG 1'980'000 0.21 - 14.05.2013 Investment Advisor JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 611'000 0.07 45'000 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 430'000 0.05 10'000 15.05.2013 Investment Advisor CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 303'000 0.03 - 15.05.2013 Investment Advisor SCANLAN GARY FRANCIS n/a EXCH 135'005 0.01 - 08.10.2012 n/a INVESCO LTD n/a ULT-AGG 120'000 0.01 - 15.05.2013 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 39'622 0 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013 SIAS Research Pte Ltd JINSHU LIU overweight 5 M 1 12 month 10.07.2012 Holdings By: LionGold Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 China Gold International Resources Corp Ltd. is a mining company focused on the exploration and development of gold projects in inner Mongolia and copper projects in Tibet Autonomous Region of China. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 4.65 52-Week Low (31.07.2012) 2.30 Daily Volume 2.73 52-Week High % Change -41.29% Dividend Yield 0.00 52-Week Low % Change 18.70% Beta 1.35 % 52 Week Price Range High/Low 18.30% Equity Float 240.39 Shares Out 30.04.2013 396.4 Short Int 1.52 1'082.06 1 Yr Total Return -11.36% Total Debt 212.93 YTD Return -19.94% Preferred Stock 0.0 Adjusted BETA 1.348 Minority Interest 8.1 Analyst Recs 7 Cash and Equivalents 181.74 Consensus Rating 3.857 Enterprise Value 1'101.94 Average Volume 5 Day 227'206 CGG CN EQUITY YTD Change - Average Volume 30 Day 331'250 CGG CN EQUITY YTD % CHANGE - Average Volume 3 Month 342'408 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 29.4 81.0 133.2 311.3 332.4 353.5 331.5 354.5 636.3 - - 3.54x 7.07x 15.60x 2.82x 4.21x 14.89x 12.60x 3.55x 1.98x - - (0.1) 25.0 69.3 140.5 138.7 145.6 118.9 153.5 244.5 - - - 22.93x 29.97x 6.24x 10.08x 12.87x 0.00x 7.18x 4.51x - - 14.6 (9.3) 26.2 79.4 70.9 89.1 73.1 65.3 95.3 - - 36.15x - 39.69x 13.23x 19.15x 22.91x 20.27x 16.75x 14.65x - - EBITDA 138.66 Long-Term Rating Date - EBIT 99.49 Long-Term Rating - Operating Margin 29.93% Long-Term Outlook - Pretax Margin 29.99% Short-Term Rating Date - Return on Assets 4.00% Short-Term Rating - Return on Common Equity 5.37% Return on Capital 5.34% EBITDA/Interest Exp. 11.05 Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -6.09 Net Debt/EBITDA 0.22 Gross Margin 37.6% Total Debt/EBITDA 1.54 EBITDA Margin 41.7% EBIT Margin 29.9% Total Debt/Equity 15.7% Net Income Margin 21.3% Total Debt/Capital 13.5% Asset Turnover 0.19 Current Ratio 1.57 Net Fixed Asset Turnover 0.24 Quick Ratio 1.26 Accounts receivable turnover-days 13.92 Debt to Assets 11.79% Inventory Days 57.83 Tot Debt to Common Equity 15.66% Accounts Payable Turnover Day 121.78 Accounts Receivable Turnover 26.30 Cash Conversion Cycle -50.04 Inventory Turnover 6.33 Fiscal Year Ended China Gold International Resources Corp Ltd Price/Volume Valuation Analysis 368'171.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type CHINA NATIONAL GOLD n/a SEDI 155'794'830 39.31 184'200 30.09.2011 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 19'367'676 4.89 - 15.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 3'766'753 0.95 - 31.12.2012 Government BLACKROCK n/a ULT-AGG 1'952'963 0.49 3'082 14.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'685'900 0.43 - 28.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 911'636 0.23 11'974 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 890'593 0.22 33'750 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 170'322 0.04 - 15.05.2013 Investment Advisor HE YINGBIN n/a SEDI 160'000 0.04 40'000 09.01.2013 n/a TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 151'700 0.04 53'000 31.12.2012 Investment Advisor SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 150'000 0.04 - 28.02.2013 Investment Advisor MARLBOROUGH FUND MAN Multiple Portfolios MF-AGG 146'950 0.04 - 01.11.2012 Investment Advisor STATE STREET n/a ULT-AGG 127'028 0.03 2'580 15.05.2013 Investment Advisor DAIWA SB INVESTMENT Multiple Portfolios MF-AGG 100'000 0.03 - 11.01.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 97'155 0.02 - 31.12.2012 Bank OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 90'000 0.02 - 31.01.2013 Investment Advisor INDEXIQ ADVISORS LLC Multiple Portfolios MF-AGG 88'342 0.02 - 15.05.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 74'886 0.02 (1'515) 31.12.2012 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 59'705 0.02 - 31.01.2013 Investment Advisor SUN LIFE FINANCIAL I n/a ULT-AGG 57'376 0.01 1'243 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd CHRIS JIANG buy 5 M 4 Not Provided 16.05.2013 Guotai Junan KEVIN GUO neutral 3 D 3 Not Provided 22.04.2013 Credit Suisse OWEN LIANG neutral 3 M 3 Not Provided 09.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 02.04.2013 BOCOM International Holdings BENJAMIN PEI long-term buy 5 M 4 Not Provided 28.03.2013 Citic Securities Co., Ltd SONG XIAOQING overweight 5 N 4 6 month 14.01.2013 CCB International Securities Ltd KIN CHUNG LI outperform 5 M 4 Not Provided 12.09.2012 GuoSen Securities Co Ltd CHENGMING GAO buy 5 M 5 12 month 02.02.2012 Holdings By: China Gold International Resources Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Perseus Mining Limited is a mineral exploration Company. The Company explores for gold in West Africa and Central Asia regions. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 3.07 52-Week Low (15.05.2013) 1.18 Daily Volume 1.19 52-Week High % Change -61.24% Dividend Yield - 52-Week Low % Change 1.28% Beta 1.40 % 52 Week Price Range High/Low 0.79% Equity Float 446.89 Shares Out 01.01.2013 458.0 Short Int 0.32 544.97 1 Yr Total Return -48.71% Total Debt 60.26 YTD Return -45.91% Preferred Stock 0.0 Adjusted BETA 1.398 Minority Interest (0.6) Analyst Recs 23 Cash and Equivalents 105.50 Consensus Rating 4.348 Enterprise Value 508.87 Average Volume 5 Day 1'359'431 PRU CN EQUITY YTD Change - Average Volume 30 Day 2'138'338 PRU CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'749'024 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 - - 0.0 0.0 144.7 0.0 291.8 312.5 398.6 96.1 116.0 - - - - 7.53x #DIV/0! 11.32x 1.61x 1.36x - - (5.5) (3.3) (10.1) (32.0) 55.3 (46.3) 167.9 124.5 167.3 - - - - - - 19.72x 0.00x 0.00x 4.09x 3.04x - - (4.8) (4.8) (9.7) (48.2) 47.2 24.8 44.6 58.5 86.0 26.0 34.1 - - - - - 0.00x 0.00x 9.37x 6.14x 5.13x 4.48x EBITDA 55.28 Long-Term Rating Date - EBIT 45.11 Long-Term Rating - Operating Margin 31.18% Long-Term Outlook - Pretax Margin 41.62% Short-Term Rating Date - Return on Assets 12.17% Short-Term Rating - Return on Common Equity 17.73% Return on Capital - EBITDA/Interest Exp. 28.41 Asset Turnover - (EBITDA-Capex)/Interest Exp. 26.49 Net Debt/EBITDA -0.31 Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 16.7% Net Income Margin 32.6% Total Debt/Capital 14.3% Asset Turnover - Current Ratio 1.55 Net Fixed Asset Turnover - Quick Ratio 1.13 Accounts receivable turnover-days - Debt to Assets 11.39% Inventory Days - Tot Debt to Common Equity 16.72% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Perseus Mining Ltd Price/Volume Valuation Analysis 1'705'127.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type THE BANK OF NOVA SCO n/a EXCH 44'475'800 9.71 (5'324'430) 22.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 43'695'232 9.54 - 15.05.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 38'604'803 8.43 (49'197) 28.02.2013 Investment Advisor WELLINGTON MANAGEMEN n/a EXCH 21'999'741 4.8 (2'286'330) 05.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 13'439'700 2.93 930'000 31.01.2013 Holding Company JP MORGAN n/a ULT-AGG 11'009'300 2.4 29'000 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 10'294'000 2.25 - 30.06.2012 Investment Advisor FMR LLC n/a ULT-AGG 8'160'134 1.78 520'000 31.03.2013 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 6'800'650 1.48 - 15.05.2013 Investment Advisor IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 6'459'171 1.41 300'000 31.03.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'921'800 1.29 500'000 28.02.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 5'531'332 1.21 392'732 31.12.2012 Hedge Fund Manager MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 5'295'993 1.16 - 28.03.2013 Investment Advisor SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 4'921'700 1.07 - 28.02.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'839'476 1.06 661'134 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 4'610'900 1.01 - 28.09.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'000'000 0.87 - 31.12.2012 Investment Advisor CALDERWOOD MARK ANDR n/a EXCH 3'600'000 0.79 - 31.01.2013 n/a BLACKROCK n/a ULT-AGG 3'173'872 0.69 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'109'619 0.68 443'404 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie PIERRE VAILLANCOURT outperform 5 M 2 12 month 16.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 2 12 month 13.05.2013 Canaccord Genuity Corp REG SPENCER buy 5 M 2 12 month 13.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 3 12 month 13.05.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 2 Not Provided 29.04.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 2 12 month 24.04.2013 Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 2 12 month 22.04.2013 Cormark Securities Inc. MIKE KOZAK market perform 3 M 3 12 month 22.04.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 22.04.2013 BMO Capital Markets ANDREW BREICHMANAS outperform 5 M 3 Not Provided 19.04.2013 JPMorgan JOSEPH KIM overweight 5 M 2 6 month 19.04.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 3 Not Provided 19.04.2013 CIMB JAMES STEWART outperform 5 M 3 12 month 19.04.2013 GMP LEVI SPRY buy 5 M 3 12 month 19.04.2013 Commonwealth Bank ANDREW KNUCKEY neutral 3 M 2 12 month 16.04.2013 Dundee Securities Corp JOSH WOLFSON buy 5 M 3 Not Provided 12.04.2013 Nomura DAVID RADCLYFFE suspended coverage #N/A N/A M #N/A N/A Not Provided 12.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 05.04.2013 Bell Potter STEPHEN THOMAS hold 3 M 3 12 month 16.01.2013 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 03.01.2013 Holdings By: Perseus Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Sandstorm Gold Ltd. acquires gold purchase agreements with companies that have advanced stage development projects or operating mines. The Company makes an upfront cash payment to its partners and receives the right to purchase a percentage of the gold produced, for the life of the mine, at a fixed price per ounce. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (05.10.2012) 14.99 52-Week Low (17.04.2013) 6.47 Daily Volume 7 52-Week High % Change -53.30% Dividend Yield 0.00 52-Week Low % Change 8.19% Beta 1.22 % 52 Week Price Range High/Low 6.22% Equity Float 82.73 Shares Out 30.04.2013 90.2 Short Int 2.97 631.48 1 Yr Total Return -7.28% Total Debt 0.00 YTD Return -40.12% Preferred Stock 0.0 Adjusted BETA 1.217 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 127.36 Consensus Rating 4.000 Enterprise Value 566.85 Average Volume 5 Day 329'411 SSL CN EQUITY YTD Change - Average Volume 30 Day 423'610 SSL CN EQUITY YTD % CHANGE - Average Volume 3 Month 459'821 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 - 0.0 3.1 30.0 55.9 39.8 57.8 71.1 95.3 - - - - 72.23x 12.63x 15.79x 42.83x 46.72x - - - - - - (0.2) 19.1 36.6 27.3 35.3 44.7 74.1 - - - - - 19.80x 24.12x 22.74x 7.87x 12.68x 7.65x - - (0.1) (0.4) (2.8) 12.5 21.9 15.9 5.4 15.0 23.6 - - - - 80.46x 39.35x 47.00x 47.06x 55.67x 37.76x 17.99x 29.01x 23.87x EBITDA 36.63 Long-Term Rating Date - EBIT 21.91 Long-Term Rating - Operating Margin 39.17% Long-Term Outlook - Pretax Margin 45.00% Short-Term Rating Date - Return on Assets 1.77% Short-Term Rating - Return on Common Equity 1.95% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.75 Gross Margin 78.7% Total Debt/EBITDA 0.00 EBITDA Margin 61.0% EBIT Margin 33.3% Total Debt/Equity 0.0% Net Income Margin 39.2% Total Debt/Capital 0.0% Asset Turnover 0.19 Current Ratio 27.97 Net Fixed Asset Turnover 0.27 Quick Ratio 24.35 Accounts receivable turnover-days 13.15 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 27.76 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Sandstorm Gold Ltd Price/Volume Valuation Analysis 299'905.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 16 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 6'287'563 6.97 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 5'862'520 6.5 (37'200) 31.03.2013 Investment Advisor LIBRA ADVISORS LLC n/a SEDI 4'928'760 5.46 - 03.08.2011 Hedge Fund Manager ARIAS RESOURCE CAPIT n/a SEDI 4'840'000 5.37 - 25.02.2010 Private Equity WELLS FARGO n/a ULT-AGG 3'147'295 3.49 103'625 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 2'876'862 3.19 242'100 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'292'300 2.54 1'250'000 31.03.2013 Investment Advisor MASON HILL ADVISORS MASON HILL ADVISORS 13F 1'836'404 2.04 1'836'404 31.03.2013 Hedge Fund Manager ROYAL BANK OF CANADA n/a ULT-AGG 1'236'912 1.37 (216'668) 31.03.2013 Bank AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'086'266 1.2 607 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'065'600 1.18 (314'400) 31.12.2012 Investment Advisor MONTRUSCO BOLTON INV MONTRUSCO BOLTON INV 13F 1'010'000 1.12 153'250 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'009'660 1.12 (163'340) 29.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'005'674 1.11 (92'716) 31.03.2013 Investment Advisor WATSON NOLAN ALLAN n/a SEDI 930'000 1.03 - 19.06.2012 n/a GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 777'820 0.86 - 31.12.2011 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 767'280 0.85 (22'700) 30.11.2012 Investment Advisor DE WITT DAVID E n/a SEDI 767'000 0.85 - 10.05.2012 n/a AWRAM DAVID I n/a SEDI 759'100 0.84 (3'400) 04.01.2013 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 594'946 0.66 (60'200) 31.03.2013 Pension Fund (ERISA) Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. RICHARD GRAY buy 5 M 14 12 month 10.05.2013 TD Securities DANIEL EARLE hold 3 M 9 12 month 10.05.2013 National Bank Financial SHANE NAGLE outperform 5 M 13 12 month 10.05.2013 Casimir Capital ERIC WINMILL buy 5 M 14 12 month 10.05.2013 EVA Dimensions CRAIG STERLING sell 1 D #N/A N/A Not Provided 10.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 10 12 month 09.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 11 Not Provided 09.05.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 16 12 month 01.04.2013 Euro Pacific Capital Inc HEIKO IHLE neutral 3 M 13 12 month 29.01.2013 Holdings By: Sandstorm Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 OceanaGold Corporation is a gold mining and exploration company. The Company currently owns interests in projects in New Zealand and the Philippines. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (22.10.2012) 3.70 52-Week Low (23.05.2012) 1.70 Daily Volume 1.81 52-Week High % Change -51.08% Dividend Yield 0.00 52-Week Low % Change 6.47% Beta 2.08 % 52 Week Price Range High/Low 5.50% Equity Float 287.46 Shares Out 30.04.2013 293.5 Short Int 1.10 531.27 1 Yr Total Return -1.09% Total Debt 266.87 YTD Return -36.49% Preferred Stock 0.0 Adjusted BETA 2.084 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 96.50 Consensus Rating 4.800 Enterprise Value 744.14 Average Volume 5 Day 630'254 OGC CN EQUITY YTD Change - Average Volume 30 Day 980'369 OGC CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'158'929 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 217.2 237.1 305.6 395.6 385.4 393.4 392.5 586.3 636.3 137.0 156.0 0.77x 1.89x 3.30x 1.61x 2.62x 7.19x 9.75x 1.08x 0.88x 4.71x 4.06x 63.7 106.6 141.1 164.3 144.5 145.7 169.3 227.5 218.0 50.5 65.9 2.62x 4.20x 7.15x 3.88x 7.00x 5.58x 6.24x 3.27x 3.41x 3.33x 3.34x (54.7) 54.5 44.4 44.2 20.7 25.5 31.6 52.1 57.7 10.7 21.6 - 5.68x 18.76x 13.02x 35.81x 26.83x 25.85x 8.08x 5.73x 6.71x 6.35x EBITDA 144.50 Long-Term Rating Date - EBIT 53.12 Long-Term Rating - Operating Margin 13.78% Long-Term Outlook - Pretax Margin 8.37% Short-Term Rating Date - Return on Assets 3.38% Short-Term Rating - Return on Common Equity 5.67% Return on Capital 6.12% EBITDA/Interest Exp. 5.98 Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. -6.04 Net Debt/EBITDA 1.31 Gross Margin 17.7% Total Debt/EBITDA 1.48 EBITDA Margin 43.1% EBIT Margin 17.9% Total Debt/Equity 43.8% Net Income Margin 5.4% Total Debt/Capital 30.4% Asset Turnover 0.42 Current Ratio 0.93 Net Fixed Asset Turnover 0.57 Quick Ratio 0.56 Accounts receivable turnover-days 19.41 Debt to Assets 25.87% Inventory Days 88.89 Tot Debt to Common Equity 43.76% Accounts Payable Turnover Day 55.75 Accounts Receivable Turnover 18.81 Cash Conversion Cycle 17.15 Inventory Turnover 4.11 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended OceanaGold Corp Price/Volume Valuation Analysis 861'303.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BAKER STEEL CAPITAL n/a PROXY 20'669'000 7.04 - 11.05.2012 Investment Advisor AMP CAPITAL INVESTOR n/a EXCH 14'660'107 4.99 (1'119'773) 21.01.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 13'382'819 4.56 - 15.05.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 8'700'000 2.96 - 28.02.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'372'100 1.83 9'000 31.01.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'565'116 1.21 (4'700) 28.03.2013 Bank OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'560'000 1.21 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'252'300 1.11 43'200 31.03.2013 Investment Advisor NEW ZEALAND CENTRAL n/a PROXY 2'703'536 0.92 - 11.05.2012 Government BLACKROCK n/a ULT-AGG 2'653'232 0.9 3'724 14.05.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 1'897'338 0.65 (547'087) 15.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'631'518 0.56 275'600 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'486'726 0.51 - 31.12.2012 Government BOND STREET CUSTODIA n/a PROXY 1'284'229 0.44 - 11.05.2012 Other YANDAL INVESTMENTS P n/a PROXY 1'123'653 0.38 - 11.05.2012 Investment Advisor INTERNATIONAL MINING n/a SEDI 1'097'008 0.37 10'000 30.12.2012 Other ASKEW JAMES EDWARD n/a EXCH 1'087'008 0.37 48'360 07.02.2012 n/a SFB INVESTMENTS PTY n/a PROXY 1'000'000 0.34 - 11.05.2012 Other DEN DUYTS CORP & ASS n/a PROXY 922'855 0.31 - 11.05.2012 Investment Advisor DEUTSCHE BANK AG Multiple Portfolios MF-AGG 910'369 0.31 (53'699) 29.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Forsyth Barr ANDREW HARVEY-GREEN accumulate 4 D 3 12 month 01.05.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 3 12 month 30.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 12 month 30.04.2013 BMO Capital Markets BRIAN QUAST outperform 5 M 3 Not Provided 29.04.2013 Macquarie MICHAEL SIPERCO outperform 5 M 3 12 month 25.04.2013 Holdings By: OceanaGold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Medusa Mining Limited is a gold exploration and mining Company. The Company has exploration projects located in Western Australia and the Philippines along with mining leases in Tasmania. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (11.10.2012) 6.70 52-Week Low (16.05.2013) 2.30 Daily Volume 2.36 52-Week High % Change -64.78% Dividend Yield 0.89 52-Week Low % Change 2.61% Beta 1.04 % 52 Week Price Range High/Low 1.44% Equity Float 168.43 Shares Out 31.12.2012 188.9 Short Int 2.71 445.81 1 Yr Total Return -50.56% Total Debt 0.00 YTD Return -56.54% Preferred Stock 0.0 Adjusted BETA 1.036 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 12.47 Consensus Rating 4.400 Enterprise Value 428.82 Average Volume 5 Day 1'931'139 MML AU EQUITY YTD Change - Average Volume 30 Day 1'961'374 MML AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'625'409 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 15.8 42.6 93.9 148.7 80.8 - - 112.7 266.9 - - 9.93x 5.99x 6.25x 8.51x 11.40x - - 3.82x 1.29x - - 4.6 30.4 73.0 120.2 57.6 - - 77.0 198.4 - - 34.16x 8.41x 8.04x 10.54x 16.00x - - 5.57x 2.16x - - (1.2) 28.5 65.8 110.4 49.2 - - 66.0 179.9 - - - 8.88x 8.74x 12.02x 18.94x - - 5.68x 2.48x - - EBITDA 57.59 Long-Term Rating Date - EBIT 47.69 Long-Term Rating - Operating Margin 59.02% Long-Term Outlook - Pretax Margin 59.50% Short-Term Rating Date - Return on Assets 16.13% Short-Term Rating - Return on Common Equity 16.84% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -0.14 Gross Margin 74.3% Total Debt/EBITDA 0.00 EBITDA Margin 69.4% EBIT Margin 56.7% Total Debt/Equity 0.0% Net Income Margin 60.9% Total Debt/Capital 0.0% Asset Turnover 0.28 Current Ratio 5.30 Net Fixed Asset Turnover 0.37 Quick Ratio 0.79 Accounts receivable turnover-days 194.30 Debt to Assets 0.00% Inventory Days 152.17 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 136.57 Accounts Receivable Turnover 1.88 Cash Conversion Cycle - Inventory Turnover 2.41 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Medusa Mining Ltd Price/Volume Valuation Analysis 2'076'693.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VANGUARD GROUP INC Multiple Portfolios MF-AGG 25'137'551 13.31 (933'152) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 15'309'037 8.1 1'902'381 15.05.2013 Investment Advisor M&G INVESTMENT MANAG #N/A N/A EXCH 14'982'900 7.93 (2'000'000) 13.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 12'833'369 6.79 (2'752'112) 10.05.2013 Investment Advisor UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 5'096'443 2.7 912'960 30.04.2013 Investment Advisor DAVIS GEOFFREY JOHN n/a EXCH 4'102'750 2.17 50'000 03.05.2013 n/a BLACKROCK n/a ULT-AGG 3'829'377 2.03 (989) 14.05.2013 Investment Advisor FORTY TRADERS LTD n/a Co File 3'660'631 1.94 - 17.09.2012 Unclassified GOODFELLOW WILLIAM D n/a Co File 3'210'425 1.7 - 17.09.2012 n/a CEDARDALE HOLDINGS P n/a Co File 3'187'673 1.69 - 17.09.2012 Unclassified FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 2'613'520 1.38 - 30.09.2012 Hedge Fund Manager OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'500'000 1.32 500'000 31.03.2013 Investment Advisor YANDAL INVESTMENTS P n/a Co File 2'000'000 1.06 - 17.09.2012 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 1'750'000 0.93 - 31.12.2012 Investment Advisor BANQUE DE LUXEMBOURG Multiple Portfolios MF-AGG 1'628'939 0.86 28'939 28.03.2013 Investment Advisor AFDAL SAMUEL G n/a Co File 1'450'000 0.77 - 30.06.2012 n/a OLD MUTUAL n/a ULT-AGG 1'448'400 0.77 (31'235) 28.02.2013 Unclassified DANIEL ROY PHILIP n/a Co File 1'425'000 0.75 - 30.06.2012 n/a UCA AG n/a Co File 1'300'000 0.69 - 17.09.2012 Investment Advisor BARING INTERNATIONAL Multiple Portfolios MF-AGG 1'166'975 0.62 (46'992) 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank CHRIS TERRY buy 5 M 4 12 month 13.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 07.05.2013 Cantor Fitzgerald ASA BRIDLE buy 5 M 5 Not Provided 03.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 6 Not Provided 03.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 4 12 month 01.05.2013 Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 5 12 month 30.04.2013 Goldman Sachs PAUL HISSEY buy/attractive 5 M 4 12 month 24.04.2013 Blackswan Equities Ltd RHYS BRADLEY buy 5 N 7 12 month 01.03.2013 Holdings By: Medusa Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Dundee Precious Metals Inc. acquires, explores, and develops gold mining properties. The Company owns interests in mineral properties in Armenia, Bulgaria, Canada, and Serbia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 9.94 52-Week Low (15.05.2013) 4.27 Daily Volume 4.36 52-Week High % Change -56.14% Dividend Yield - 52-Week Low % Change 2.11% Beta 1.36 % 52 Week Price Range High/Low 1.59% Equity Float 94.21 Shares Out 30.04.2013 125.7 Short Int 23.96 548.02 1 Yr Total Return -30.46% Total Debt 81.77 YTD Return -48.52% Preferred Stock 0.0 Adjusted BETA 1.355 Minority Interest 7.0 Analyst Recs 9 Cash and Equivalents 123.36 Consensus Rating 4.889 Enterprise Value 513.43 Average Volume 5 Day 747'147 DPM CN EQUITY YTD Change - Average Volume 30 Day 523'719 DPM CN EQUITY YTD % CHANGE - Average Volume 3 Month 586'568 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 105.1 137.6 202.0 338.5 384.7 367.9 374.3 433.6 511.2 100.6 110.0 0.65x 2.15x 5.56x 2.84x 2.68x 10.79x 7.68x 1.04x 1.03x - - (36.2) 16.4 - - - 14.7 16.6 159.5 229.3 - - - 18.00x - - - 0.00x 0.00x 3.22x 2.24x - - (79.2) 5.1 22.9 86.1 54.4 80.0 46.9 94.1 126.1 24.8 31.9 - 44.88x 49.37x 13.48x 21.72x 16.02x 22.72x 7.88x 5.65x 6.25x 6.07x EBITDA - Long-Term Rating Date - EBIT 76.66 Long-Term Rating - Operating Margin 19.93% Long-Term Outlook - Pretax Margin 12.91% Short-Term Rating Date - Return on Assets 5.73% Short-Term Rating - Return on Common Equity 7.51% Return on Capital 4.04% EBITDA/Interest Exp. - Asset Turnover 0.41% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 40.8% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 19.9% Total Debt/Equity 10.9% Net Income Margin 14.1% Total Debt/Capital 9.8% Asset Turnover 0.41 Current Ratio 3.10 Net Fixed Asset Turnover 0.70 Quick Ratio 2.36 Accounts receivable turnover-days 47.87 Debt to Assets 8.41% Inventory Days 79.30 Tot Debt to Common Equity 10.94% Accounts Payable Turnover Day 70.69 Accounts Receivable Turnover 7.65 Cash Conversion Cycle 56.62 Inventory Turnover 4.62 Fiscal Year Ended Dundee Precious Metals Inc Price/Volume Valuation Analysis 1'462'335.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M -50.0 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type DUNDEE CORP n/a SEDI 30'629'607 24.37 35'000 26.04.2013 Holding Company US GLOBAL INVESTORS n/a Research 8'442'571 6.72 - 28.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'650'960 6.09 - 15.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 5'684'509 4.52 - 31.12.2012 Government UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'331'900 4.24 - 28.02.2013 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 4'734'500 3.77 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 4'514'449 3.59 4'124'249 31.12.2012 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'944'865 3.14 (432'800) 28.03.2013 Bank IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 3'634'800 2.89 (2'100) 31.01.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 3'394'800 2.7 1'314'000 31.12.2012 Investment Advisor FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 2'655'547 2.11 (12'100) 28.02.2013 Investment Advisor FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 2'369'196 1.88 (50'000) 30.09.2012 Hedge Fund Manager NATCAN INVESTMENT MA Multiple Portfolios MF-AGG 1'651'367 1.31 53'212 28.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 1'423'900 1.13 10'000 31.12.2012 Hedge Fund Manager BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 1'163'346 0.93 43'784 31.03.2013 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 988'297 0.79 - 31.01.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 771'700 0.61 (19'200) 31.01.2013 Holding Company GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 761'500 0.61 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 583'541 0.46 28'700 31.03.2013 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 578'200 0.46 (89'400) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Dundee Securities Corp JOSH WOLFSON not rated #N/A N/A M #N/A N/A Not Provided 15.05.2013 BMO Capital Markets JOHN P HAYES speculative outperform 4 M 10 Not Provided 12.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 9 12 month 10.05.2013 Cormark Securities Inc. MIKE KOZAK top pick 5 M 11 12 month 10.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 11 12 month 09.05.2013 Stifel MICHAEL A SCOON buy 5 M 9 12 month 03.05.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 16.04.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 M 11 Not Provided 11.04.2013 GMP GEORGE V ALBINO buy 5 M 15 12 month 04.03.2013 Paradigm Capital Inc DON MACLEAN buy 5 N 13 12 month 03.12.2012 Holdings By: Dundee Precious Metals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Rio Alto Mining Limited is a mineral exploration company. The Company currently is focusing on the development of La Arena gold / copper project, located in north central Peru. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (02.11.2012) 6.00 52-Week Low (15.05.2013) 3.20 Daily Volume 3.22 52-Week High % Change -46.33% Dividend Yield 0.00 52-Week Low % Change 0.62% Beta 1.08 % 52 Week Price Range High/Low 0.71% Equity Float 160.58 Shares Out 30.04.2013 175.9 Short Int 1.14 566.35 1 Yr Total Return -13.67% Total Debt 3.26 YTD Return -36.74% Preferred Stock 0.0 Adjusted BETA 1.075 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 38.61 Consensus Rating 4.200 Enterprise Value 531.00 Average Volume 5 Day 776'282 RIO CN EQUITY YTD Change - Average Volume 30 Day 776'354 RIO CN EQUITY YTD % CHANGE - Average Volume 3 Month 712'000 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.05.2008 31.05.2009 31.05.2010 31.05.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 316.5 94.7 281.1 319.2 320.3 - - - - - - 2.71x 15.20x 8.35x 1.66x - - - (2.3) (1.5) (3.9) (8.0) 173.1 61.5 107.0 136.8 139.5 - - - - - - 4.96x 0.00x 0.00x 3.88x 3.81x - - (1.9) (1.5) (12.6) (8.0) 100.4 29.2 75.6 74.1 89.2 - - - - - - 8.93x 0.00x 11.16x 7.02x 5.99x 8.73x 9.15x EBITDA 173.12 Long-Term Rating Date - EBIT 151.44 Long-Term Rating - Operating Margin 47.85% Long-Term Outlook - Pretax Margin 48.82% Short-Term Rating Date - Return on Assets 38.61% Short-Term Rating - Return on Common Equity 59.31% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 1.22% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -0.20 Gross Margin 62.4% Total Debt/EBITDA 0.02 EBITDA Margin 54.7% EBIT Margin 47.9% Total Debt/Equity 1.4% Net Income Margin 31.7% Total Debt/Capital 1.4% Asset Turnover 1.22 Current Ratio 1.61 Net Fixed Asset Turnover 1.91 Quick Ratio 0.74 Accounts receivable turnover-days 26.87 Debt to Assets 0.92% Inventory Days 50.64 Tot Debt to Common Equity 1.43% Accounts Payable Turnover Day 114.13 Accounts Receivable Turnover 21.59 Cash Conversion Cycle -36.68 Inventory Turnover 11.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rio Alto Mining Ltd Price/Volume Valuation Analysis 1'643'976.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 05.06.2009 05.12.2009 05.06.2010 05.12.2010 05.06.2011 05.12.2011 05.06.2012 05.12.2012 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA n/a 13G 28'000'700 15.92 - 31.12.2012 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 27'493'900 15.63 27'493'900 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 14'940'000 8.49 8'960'000 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 12'701'102 7.22 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 7'989'300 4.54 102'600 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'701'405 3.81 3'973'199 14.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 6'530'445 3.71 6'530'445 31.03.2013 Bank AUSCAN ASSETS LIMITE n/a SEDI 4'969'651 2.83 50'000 07.12.2012 Other NORWICH ROGER n/a SEDI 4'734'195 2.69 265'000 25.11.2011 n/a CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 4'296'000 2.44 4'296'000 31.03.2013 Investment Advisor HAWKSHAW ANTHONY GRA n/a SEDI 3'000'000 1.71 - 19.10.2011 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'902'100 1.65 2'902'100 31.03.2013 Pension Fund (ERISA) BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 2'360'802 1.34 2'360'802 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 2'068'242 1.18 2'068'242 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'970'000 1.12 1'970'000 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 1'854'700 1.05 1'854'700 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'560'100 0.89 1'560'100 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 1'351'000 0.77 1'351'000 31.03.2013 Investment Advisor INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 1'076'700 0.61 1'076'700 31.03.2013 Investment Advisor SOLDI JAIME n/a SEDI 1'028'288 0.58 126'000 02.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets MATTHEW GIBSON sector outperform 5 M 7 12 month 15.05.2013 Desjardins Securities ADAM MELNYK hold 3 M 5 12 month 15.05.2013 GMP GEORGE V ALBINO buy 5 M 8 Not Provided 15.05.2013 Clarus Securities MIKE BANDROWSKI buy 5 M 7 12 month 15.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 4 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 5 Not Provided 14.05.2013 Kallpa Securities SAB HUMBERTO LEON overweight 5 M 5 12 month 03.05.2013 Scotia Capital MARK TURNER sector perform 3 M 5 12 month 08.04.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 7 12 month 08.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 17.01.2013 Holdings By: Rio Alto Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Aurizon Mines Ltd. is a gold mining company. The Company's operations and exploration activities are located in the Abitibi region of north-western Quebec, Canada. Aurizon operates and owns an interest in the Beaufor Mine, the Sleeping Giant Mine, and the Casa Berardi property. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 5.37 52-Week Low (24.12.2012) 3.19 Daily Volume 3.81 52-Week High % Change -29.05% Dividend Yield - 52-Week Low % Change 19.44% Beta 0.96 % 52 Week Price Range High/Low 28.44% Equity Float 136.32 Shares Out 30.04.2013 164.7 Short Int 2.40 627.38 1 Yr Total Return -3.54% Total Debt 0.00 YTD Return 9.48% Preferred Stock 0.0 Adjusted BETA 0.958 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 204.71 Consensus Rating 3.000 Enterprise Value 449.51 Average Volume 5 Day 412'945 AZK US EQUITY YTD Change - Average Volume 30 Day 888'891 AZK US EQUITY YTD % CHANGE - Average Volume 3 Month 917'810 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 144.5 175.6 178.7 260.0 223.6 269.5 210.1 209.3 266.3 46.6 49.5 4.07x 3.65x 5.82x 2.31x 1.61x 9.71x 10.01x - - - - 53.5 87.5 69.8 124.9 92.2 134.3 77.9 94.0 139.0 - - 10.98x 7.32x 14.90x 4.81x 3.90x 4.46x 6.98x 4.79x 3.23x - - 4.9 36.7 17.2 43.9 31.8 49.7 20.6 27.9 51.1 3.4 4.6 - - - - - 0.00x 0.00x 29.85x 14.92x - - EBITDA 92.23 Long-Term Rating Date - EBIT 54.50 Long-Term Rating - Operating Margin 24.38% Long-Term Outlook - Pretax Margin 25.08% Short-Term Rating Date - Return on Assets 4.76% Short-Term Rating - Return on Common Equity 5.91% Return on Capital 6.03% EBITDA/Interest Exp. 107.74 Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 19.32 Net Debt/EBITDA -2.43 Gross Margin 41.0% Total Debt/EBITDA 0.00 EBITDA Margin 37.1% EBIT Margin 18.6% Total Debt/Equity 0.0% Net Income Margin 14.2% Total Debt/Capital 0.0% Asset Turnover 0.49 Current Ratio 7.30 Net Fixed Asset Turnover 1.07 Quick Ratio 6.49 Accounts receivable turnover-days 19.33 Debt to Assets 0.00% Inventory Days 49.19 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 82.16 Accounts Receivable Turnover 18.89 Cash Conversion Cycle 14.19 Inventory Turnover 7.42 Fiscal Year Ended Aurizon Mines Ltd Price/Volume Valuation Analysis 207'992.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ALAMOS GOLD INC n/a 13D 26'507'283 16.1 - 19.03.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 22'947'156 13.94 (4'072'245) 15.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 5'855'560 3.56 104'300 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'647'300 2.82 (159'200) 31.03.2013 Hedge Fund Manager GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'273'700 2.6 4'273'700 31.03.2013 Investment Advisor ALPINE ASSOCIATES AD ALPINE ASSOCIATES AD 13F 3'842'000 2.33 3'842'000 31.03.2013 Hedge Fund Manager HARVARD MANAGEMENT C HARVARD MANAGEMENT C 13F 1'707'800 1.04 1'707'800 31.03.2013 Endowment LONGFELLOW INVESTMEN LONGFELLOW INVESTMEN 13F 1'674'818 1.02 1'674'818 31.03.2013 Investment Advisor TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 1'655'218 1.01 1'655'218 28.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'584'910 0.96 45'000 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'400'000 0.85 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'379'219 0.84 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'304'320 0.79 (1'626'815) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'289'081 0.78 1'097'036 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'264'143 0.77 1'264'143 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'121'404 0.68 (1'183'046) 31.03.2013 Hedge Fund Manager UBS n/a ULT-AGG 1'093'674 0.66 1'062'194 31.03.2013 Unclassified HALL DAVID P n/a SEDI 990'342 0.6 5'000 04.04.2012 n/a TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 962'464 0.58 12'062 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 955'334 0.58 (248'713) 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets BRIAN QUAST underperform 1 M 4 Not Provided 15.05.2013 Global Hunter Securities JEFF WRIGHT neutral 3 M 5 12 month 13.05.2013 Desjardins Securities ADAM MELNYK tender #N/A N/A M 5 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO tender #N/A N/A M 5 12 month 10.05.2013 EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 15.03.2013 Mackie Research Capital Corp. RYAN HANLEY tender #N/A N/A M 5 Not Provided 05.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 5 12 month 04.03.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 CIBC World Markets COSMOS CHIU restricted #N/A N/A M #N/A N/A Not Provided 25.01.2013 Loewen, Ondaatje, McCutcheon Ltd MICHAEL G FOWLER buy 5 M 6 12 month 23.01.2013 Scotia Capital OVAIS HABIB restricted #N/A N/A M #N/A N/A Not Provided 21.01.2013 Holdings By: Aurizon Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 10.73 52-Week Low (15.05.2013) 4.05 Daily Volume 4.08 52-Week High % Change -61.98% Dividend Yield - 52-Week Low % Change 0.74% Beta 1.22 % 52 Week Price Range High/Low 0.45% Equity Float 98.17 Shares Out 30.04.2013 99.7 Short Int 1.24 406.73 1 Yr Total Return -45.96% Total Debt 9.00 YTD Return -48.29% Preferred Stock 0.0 Adjusted BETA 1.221 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 27.14 Consensus Rating 4.750 Enterprise Value 408.49 Average Volume 5 Day 1'131'951 EXK US EQUITY YTD Change - Average Volume 30 Day 1'418'660 EXK US EQUITY YTD % CHANGE - Average Volume 3 Month 1'438'925 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 39.3 50.8 86.5 128.0 208.1 141.7 228.9 238.2 279.8 - - 1.18x 3.98x 5.80x 5.79x 3.68x 18.97x 12.83x - - - - (4.5) 11.3 30.7 64.8 89.8 71.1 87.6 86.9 131.9 24.1 28.7 - 17.91x 16.36x 11.43x 8.53x 9.84x 7.11x 4.70x 3.10x - - (18.0) (1.9) (20.4) 18.8 42.1 38.0 36.7 33.9 59.8 - - - - - - - 0.00x 0.00x 9.93x 6.86x 13.83x 11.03x EBITDA 89.81 Long-Term Rating Date - EBIT 59.85 Long-Term Rating - Operating Margin 28.76% Long-Term Outlook - Pretax Margin 28.88% Short-Term Rating Date - Return on Assets 9.33% Short-Term Rating - Return on Common Equity 12.72% Return on Capital 12.20% EBITDA/Interest Exp. 185.55 Asset Turnover 0.58% (EBITDA-Capex)/Interest Exp. 48.70 Net Debt/EBITDA 0.02 Gross Margin 41.6% Total Debt/EBITDA 0.38 EBITDA Margin 38.3% EBIT Margin 23.6% Total Debt/Equity 2.6% Net Income Margin 20.2% Total Debt/Capital 2.6% Asset Turnover 0.58 Current Ratio 2.07 Net Fixed Asset Turnover 1.01 Quick Ratio 1.00 Accounts receivable turnover-days 29.04 Debt to Assets 1.88% Inventory Days 91.04 Tot Debt to Common Equity 2.65% Accounts Payable Turnover Day 52.07 Accounts Receivable Turnover 12.57 Cash Conversion Cycle 75.06 Inventory Turnover 4.01 Fiscal Year Ended Endeavour Silver Corp Price/Volume Valuation Analysis 1'438'931.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'013'149 8.04 1'059'160 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 4'503'915 4.52 (646'415) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 3'482'397 3.49 (277'402) 31.03.2013 Hedge Fund Manager NEUBERGER BERMAN LLC NEUBERGER BERMAN GRO 13F 3'118'300 3.13 224'200 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 1'502'600 1.51 95'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'141'496 1.15 (18'119) 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'110'237 1.11 (16'700) 31.03.2013 Investment Advisor COOKE BRADFORD JAMES n/a SEDI 1'085'337 1.09 (200'000) 22.04.2013 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 922'750 0.93 (71'300) 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 900'000 0.9 400'000 31.12.2012 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 836'900 0.84 25'700 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 579'250 0.58 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 558'672 0.56 77'803 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 547'823 0.55 4'210 31.12.2012 Government IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 482'200 0.48 - 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 481'933 0.48 (9'867) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 446'820 0.45 (49'400) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 364'494 0.37 193'362 31.03.2013 Investment Advisor PADCO ADVISORS INC Multiple Portfolios MF-AGG 322'181 0.32 36'380 30.04.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 298'727 0.3 (744'233) 31.03.2013 Pension Fund (ERISA) Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 6 Not Provided 13.05.2013 Salman Partners ASH GUGLANI buy 5 M 8 12 month 08.05.2013 Haywood Securities Inc. BENJAMIN ASUNCION buy 5 M 8 Not Provided 08.05.2013 Raymond James CHRIS THOMPSON outperform 5 M 9 12 month 07.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 6 12 month 07.05.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 16.04.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 N 9 Not Provided 11.04.2013 GMP CHELSEA HAMILTON buy 5 M 10 12 month 08.04.2013 Holdings By: Endeavour Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Continental Gold Ltd. is an advanced-stage exploration company. The Company has a portfolio of gold projects located in established mineral belts in Colombia, South America. Continental Gold's priorities include advanced exploration and definition drilling programs at its Buritica gold project and phase-one drilling at its Berlin project. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (12.11.2012) 10.03 52-Week Low (15.05.2013) 3.54 Daily Volume 3.62 52-Week High % Change -63.91% Dividend Yield 0.00 52-Week Low % Change 2.26% Beta 1.15 % 52 Week Price Range High/Low 1.23% Equity Float 103.24 Shares Out 30.04.2013 126.4 Short Int 0.27 457.73 1 Yr Total Return -34.30% Total Debt 0.00 YTD Return -59.10% Preferred Stock 0.0 Adjusted BETA 1.150 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 83.89 Consensus Rating 4.000 Enterprise Value 346.58 Average Volume 5 Day 267'401 CNL CN EQUITY YTD Change - Average Volume 30 Day 639'849 CNL CN EQUITY YTD % CHANGE - Average Volume 3 Month 634'223 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 - 0.0 0.0 14.0 14.0 - - - - - - - #DIV/0! #DIV/0! - - - - (0.6) (4.2) (10.7) (11.8) - (9.5) (5.0) (9.6) (9.6) - - - - - - - 0.00x 0.00x - - - - (0.6) (4.1) (119.1) 18.2 (7.9) (11.3) (13.6) (9.6) (12.8) - - - - - 38.93x - 0.00x 0.00x - - - - EBITDA -11.77 Long-Term Rating Date - EBIT -12.17 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.13% Short-Term Rating - Return on Common Equity -4.55% Return on Capital - EBITDA/Interest Exp. -141.81 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -569.05 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 8.87 Net Fixed Asset Turnover 0.00 Quick Ratio 8.87 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Continental Gold Ltd Price/Volume Valuation Analysis 479'646.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type GCIC LTD/CANADA n/a Co File 17'893'800 14.15 116'400 31.12.2012 Investment Advisor WELLINGTON MANAGEMEN n/a Co File 16'205'564 12.82 1'985'981 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 8'109'507 6.41 - 15.05.2013 Investment Advisor BULLET HOLDING CORP n/a SEDI 8'024'456 6.35 (200'000) 05.10.2012 Holding Company COASTAL FINANCING CO n/a SEDI 5'786'124 4.58 (250'000) 21.12.2012 Other ROYAL BANK OF CANADA n/a ULT-AGG 4'842'218 3.83 111'800 28.03.2013 Bank REINDEER CAPITAL LTD n/a SEDI 3'668'490 2.9 (250'000) 21.12.2012 Other SPROTT INC Multiple Portfolios MF-AGG 2'582'500 2.04 485'700 31.12.2012 Hedge Fund Manager IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 2'471'400 1.95 - 31.01.2013 Investment Advisor EXPERT FUNDING CORP n/a SEDI 2'316'327 1.83 (35'000) 02.11.2012 Corporation HARTFORD INVESTMENT Multiple Portfolios MF-AGG 2'293'942 1.81 353'535 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'216'400 1.75 (771'400) 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 2'141'942 1.69 (188'058) 29.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'659'000 1.31 329'000 28.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'567'461 1.24 495'815 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'523'400 1.2 1'523'400 31.12.2012 Investment Advisor SUSSMAN ARI B n/a SEDI 1'149'151 0.91 10'606 21.08.2012 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 1'078'849 0.85 58'800 15.05.2013 Investment Advisor PENTAGON PROPERTIES n/a SEDI 1'025'000 0.81 500'000 23.04.2012 Other QUANTEX AG Multiple Portfolios MF-AGG 900'000 0.71 90'000 29.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Stifel CRAIG P STANLEY hold 3 M #N/A N/A Not Provided 03.05.2013 Clarus Securities JAMIE SPRATT speculative buy 4 M 14 12 month 03.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 9 12 month 24.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 10 12 month 23.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 GMP GEORGE V ALBINO buy 5 M 15 12 month 11.04.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 11 12 month 07.01.2013 Interbolsa SA GABRIEL BAYONA speculative buy 4 M 13 Not Provided 01.10.2012 Holdings By: Continental Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Rubicon Minerals Corporation is a mineral exploration company. The Company explores for gold deposits in the Red Lake gold camp of Canada, as well as Nevada and Alaska. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.09.2012) 3.80 52-Week Low (18.04.2013) 1.44 Daily Volume 1.56 52-Week High % Change -58.95% Dividend Yield 0.00 52-Week Low % Change 8.33% Beta 1.20 % 52 Week Price Range High/Low 5.08% Equity Float 274.32 Shares Out 30.04.2013 288.5 Short Int 2.75 450.01 1 Yr Total Return -40.23% Total Debt 0.44 YTD Return -38.82% Preferred Stock 0.0 Adjusted BETA 1.201 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 171.99 Consensus Rating 4.250 Enterprise Value 302.44 Average Volume 5 Day 573'435 RMX CN EQUITY YTD Change - Average Volume 30 Day 856'914 RMX CN EQUITY YTD % CHANGE - Average Volume 3 Month 849'211 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.4) (4.6) (25.4) (21.6) (11.6) (21.9) (11.8) - - - - - - - - - 0.00x 0.00x - - - - (2.4) (0.6) (25.5) (21.4) (10.4) (21.5) (10.4) - - - - - - - - - 0.00x 0.00x - 7.80x 1560.00x 25.16x EBITDA -11.56 Long-Term Rating Date - EBIT -11.63 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -2.18% Short-Term Rating - Return on Common Equity -2.26% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.03 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.1% Net Income Margin - Total Debt/Capital 0.1% Asset Turnover 0.00 Current Ratio 10.32 Net Fixed Asset Turnover 0.00 Quick Ratio 10.29 Accounts receivable turnover-days - Debt to Assets 0.09% Inventory Days - Tot Debt to Common Equity 0.10% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rubicon Minerals Corp Price/Volume Valuation Analysis 880'101.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.0 0.0 0.1 0.1 0.1 0.1 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 28'491'142 9.88 5'755'275 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 13'783'100 4.78 423'700 31.12.2012 Investment Advisor GREYWOLF CAPITAL MAN GREYWOLF CAPITAL MAN 13F 12'987'200 4.5 3'862'200 31.03.2013 Hedge Fund Manager AGNICO-EAGLE MINES L n/a 13D 10'671'827 3.7 (11'000'000) 01.06.2012 Corporation SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 7'263'300 2.52 - 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 5'002'102 1.73 1'345'750 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 4'815'492 1.67 (22'525) 31.03.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 3'672'663 1.27 441'768 15.05.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 2'770'500 0.96 75'100 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'510'876 0.87 3'648 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'247'666 0.78 (164'800) 31.03.2013 Pension Fund (ERISA) CAPITAL TACTICS ADVI CAPITAL TACTICS ADVI 13F 1'992'710 0.69 (35'900) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'938'402 0.67 814'628 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'661'675 0.58 200'100 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'560'601 0.54 (247'212) 31.12.2012 Government ADAMSON DAVID W n/a SEDI 1'535'189 0.53 107'000 04.02.2013 n/a LOEWS CORPORATION LOEWS CORPORATION 13F 1'401'817 0.49 - 31.03.2013 Corporation SHARE SICAV Multiple Portfolios MF-AGG 1'244'300 0.43 22'000 31.12.2012 Investment Advisor D E SHAW & COMPANY I D E SHAW & CO 13F 1'175'037 0.41 (217'500) 31.03.2013 Hedge Fund Manager GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'019'385 0.35 1'019'385 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 3 Not Provided 15.04.2013 GMP GEORGE V ALBINO buy 5 M 8 12 month 18.03.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 6 Not Provided 29.01.2013 Holdings By: Rubicon Minerals Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Silvercorp Metals Inc. acquires, explores, and develops mineral properties in China. The Company is developing its Ying Silver project located in the People's Republic of China. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (14.09.2012) 6.86 52-Week Low (17.04.2013) 2.55 Daily Volume 2.6 52-Week High % Change -62.10% Dividend Yield - 52-Week Low % Change 1.96% Beta 1.01 % 52 Week Price Range High/Low 1.16% Equity Float 164.96 Shares Out 30.04.2013 170.8 Short Int 5.03 444.03 1 Yr Total Return -47.90% Total Debt 0.00 YTD Return -48.91% Preferred Stock 0.0 Adjusted BETA 1.014 Minority Interest 77.0 Analyst Recs 4 Cash and Equivalents 154.51 Consensus Rating 4.500 Enterprise Value 389.71 Average Volume 5 Day 731'770 SVM US EQUITY YTD Change - Average Volume 30 Day 1'150'804 SVM US EQUITY YTD % CHANGE - Average Volume 3 Month 1'427'932 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 108.4 83.5 107.2 167.3 238.0 236.1 192.8 201.7 256.0 - - 10.33x 3.67x 9.86x 14.29x 4.61x 25.98x 19.96x 2.24x - - - 76.7 40.4 66.4 110.3 155.3 158.2 102.5 93.2 141.0 - - 14.60x 7.59x 15.92x 21.68x 7.06x 6.33x 8.01x 4.18x 2.76x - - 59.9 (16.0) 38.5 67.7 73.8 76.2 30.6 29.5 53.8 - - - - - - - 0.00x 0.00x 12.21x 8.87x 7.88x 6.27x EBITDA 155.30 Long-Term Rating Date - EBIT 141.60 Long-Term Rating - Operating Margin 59.50% Long-Term Outlook - Pretax Margin 61.72% Short-Term Rating Date - Return on Assets 5.24% Short-Term Rating - Return on Common Equity 7.01% Return on Capital 9.37% EBITDA/Interest Exp. 1652.13 Asset Turnover 0.33% (EBITDA-Capex)/Interest Exp. 900.45 Net Debt/EBITDA -1.27 Gross Margin 74.3% Total Debt/EBITDA 0.00 EBITDA Margin 53.1% EBIT Margin 45.1% Total Debt/Equity 0.0% Net Income Margin 31.0% Total Debt/Capital 0.0% Asset Turnover 0.33 Current Ratio 4.48 Net Fixed Asset Turnover 0.54 Quick Ratio 4.16 Accounts receivable turnover-days 11.13 Debt to Assets 0.00% Inventory Days 38.51 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 156.53 Accounts Receivable Turnover 32.88 Cash Conversion Cycle -60.19 Inventory Turnover 9.50 Fiscal Year Ended Silvercorp Metals Inc Price/Volume Valuation Analysis 1'312'332.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 17'994'480 10.54 1'507'271 15.05.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 5'068'400 2.97 863'400 31.03.2013 Hedge Fund Manager ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 4'484'200 2.63 (1'325'850) 31.03.2013 Investment Advisor FENG RUI n/a SEDI 4'169'500 2.44 30'000 22.01.2013 n/a AXA n/a ULT-AGG 2'259'386 1.32 - 31.03.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 2'207'900 1.29 510'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'176'845 1.27 (33'942) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'644'860 0.96 44'900 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'393'690 0.82 - 31.03.2013 Pension Fund (ERISA) IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'333'300 0.78 25'000 31.12.2012 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'083'600 0.63 - 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'065'516 0.62 (39'797) 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 976'053 0.57 (301'811) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 961'280 0.56 55'500 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 888'000 0.52 - 31.03.2013 Investment Advisor GAO JIANGUO n/a SEDI 803'713 0.47 2'990 16.09.2011 n/a ROYAL BANK OF CANADA n/a ULT-AGG 701'217 0.41 157'314 31.03.2013 Bank UBS n/a ULT-AGG 653'024 0.38 (49'295) 31.03.2013 Unclassified SIMPSON S PAUL n/a PROXY 648'005 0.38 - 17.08.2012 n/a GOLDMAN SACHS GROUP GOLDMAN SACHS GROUP 13F 644'603 0.38 (50'126) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 5 Not Provided 13.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 7 12 month 24.04.2013 Salman Partners ASH GUGLANI buy 5 M 7 12 month 17.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 09.04.2013 Knight TEAM COVERAGE strong buy 5 M 13 12 month 20.09.2011 Holdings By: Silvercorp Metals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Evolution Mining Ltd is a gold exploration company with operations in Western Australia. The Company owns the gold mines - Cracow, Edna May, Mt Rawdon and Pajingo - and the Mt Carlton development project. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (23.10.2012) 2.14 52-Week Low (24.04.2013) 0.83 Daily Volume 0.83 52-Week High % Change -61.21% Dividend Yield 0.00 52-Week Low % Change 0.00% Beta 1.28 % 52 Week Price Range High/Low 8.02% Equity Float 442.71 Shares Out 31.12.2012 708.1 Short Int 22.07 587.72 1 Yr Total Return -38.06% Total Debt 35.85 YTD Return -51.46% Preferred Stock 0.0 Adjusted BETA 1.279 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 141.78 Consensus Rating 4.071 Enterprise Value 622.80 Average Volume 5 Day 4'735'785 EVN AU EQUITY YTD Change - Average Volume 30 Day 4'688'599 EVN AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'561'535 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - 22.3 121.9 469.5 - - 613.6 701.9 - - - - 13.04x 2.11x 2.00x - - 1.15x 0.93x - - (2.3) (3.3) 2.9 29.7 190.4 - - 234.4 289.2 - - - - 99.74x 8.65x 4.92x - - 2.66x 2.15x - - (2.3) (3.3) 5.5 (2.3) 37.3 - - 57.8 82.4 - - - - 41.35x - 20.77x - - 9.88x 7.22x - - EBITDA 190.41 Long-Term Rating Date - EBIT 95.24 Long-Term Rating - Operating Margin 20.29% Long-Term Outlook - Pretax Margin 14.16% Short-Term Rating Date - Return on Assets 7.60% Short-Term Rating - Return on Common Equity 9.11% Return on Capital 9.13% EBITDA/Interest Exp. 27.52 Asset Turnover 0.50% (EBITDA-Capex)/Interest Exp. -3.81 Net Debt/EBITDA 0.16 Gross Margin 28.1% Total Debt/EBITDA 0.39 EBITDA Margin 33.6% EBIT Margin 21.2% Total Debt/Equity 3.4% Net Income Margin 7.9% Total Debt/Capital 3.3% Asset Turnover 0.50 Current Ratio 1.60 Net Fixed Asset Turnover 0.63 Quick Ratio 1.17 Accounts receivable turnover-days 15.57 Debt to Assets 2.82% Inventory Days 40.32 Tot Debt to Common Equity 3.39% Accounts Payable Turnover Day 62.99 Accounts Receivable Turnover 23.51 Cash Conversion Cycle 6.10 Inventory Turnover 9.08 Fiscal Year Ended Evolution Mining Ltd Price/Volume Valuation Analysis 4'029'300.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type NEWCREST MINING LTD n/a Co File 231'082'631 32.63 - 17.09.2012 Corporation ALLAN GRAY AUSTRALIA #N/A N/A EXCH 69'618'085 9.83 9'983'115 09.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 43'595'715 6.16 - 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 19'201'488 2.71 (2'500) 14.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 11'341'660 1.6 - 27.12.2012 Hedge Fund Manager WALKER DONALD ROBIN n/a Co File 6'015'385 0.85 - 17.09.2012 n/a KLEIN JACOB n/a EXCH 5'800'000 0.82 50'000 05.02.2013 n/a Trinity Management P n/a Co File 5'382'930 0.76 - 17.09.2012 Unclassified OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 5'000'000 0.71 - 31.03.2013 Investment Advisor AMP LIFE LTD n/a Co File 4'933'179 0.7 - 17.09.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'500'000 0.64 - 31.12.2012 Investment Advisor LUJETA PTY LTD n/a Co File 4'220'000 0.6 - 17.09.2012 Corporation FRANKLIN RESOURCES n/a ULT-AGG 4'050'000 0.57 - 28.03.2013 Investment Advisor CREASY MARK GARETH n/a Co File 3'856'176 0.54 - 17.09.2012 n/a JJ HOLDINGS (VIC) PT n/a Co File 3'552'009 0.5 - 30.08.2012 Other NORGES BANK Multiple Portfolios MF-AGG 3'182'195 0.45 - 31.12.2012 Government FMR LLC n/a ULT-AGG 3'139'480 0.44 67'263 31.10.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'701'033 0.38 302'373 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 2'493'191 0.35 (20'500) 31.03.2013 Hedge Fund Manager VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'377'918 0.34 (18'512) 30.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MITCH RYAN outperform 5 M 1 12 month 14.05.2013 Deutsche Bank CHRIS TERRY hold 3 D 1 12 month 13.05.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 1 12 month 09.05.2013 Investec TIM GERRARD buy 5 M 1 12 month 26.04.2013 RBC Capital Markets GEOFF BREEN outperform 5 M 1 12 month 24.04.2013 JPMorgan JOSEPH KIM neutral 3 M 1 9 month 24.04.2013 BBY Limited KURT WORDEN strong buy 5 M 1 12 month 24.04.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 U 1 Not Provided 23.04.2013 Paterson Securities MATTHEW TRIVETT hold 3 M 1 12 month 23.04.2013 Nomura DAVID RADCLYFFE suspended coverage #N/A N/A M #N/A N/A Not Provided 12.04.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 20.02.2013 RBS Morgans JAMES WILSON outperform 5 N 2 12 month 27.11.2012 Ord Minnett DAVID BRENNAN buy 5 M #N/A N/A Not Provided 01.11.2012 Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 26.10.2012 Bell Potter CHRIS WHITEHEAD buy 5 M 2 12 month 06.03.2012 Hartleys PETER GRAY buy 5 M 2 Not Provided 02.02.2012 Holdings By: Evolution Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 China Precious Metal Resources Holdings Co Ltd.through its subsidiary, mines for precious metals. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (26.11.2012) 1.62 52-Week Low (16.07.2012) 1.08 Daily Volume 1.36 52-Week High % Change -16.05% Dividend Yield 0.00 52-Week Low % Change 25.93% Beta 0.63 % 52 Week Price Range High/Low 50.00% Equity Float 3'550.71 Shares Out 31.12.2012 4'350.7 Short Int - 5'916.99 1 Yr Total Return 0.74% Total Debt 1'841.42 YTD Return -8.11% Preferred Stock - Adjusted BETA 0.626 Minority Interest - Analyst Recs 4 Cash and Equivalents 100.19 Consensus Rating 5.000 Enterprise Value 7'658.21 Average Volume 5 Day 6'086'558 1194 HK EQUITY YTD Change - Average Volume 30 Day 5'300'008 1194 HK EQUITY YTD % CHANGE - Average Volume 3 Month 7'618'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 139.5 19.4 168.2 1'119.3 1'626.0 - - 1'910.0 2'396.3 - - 1.97x 167.09x 37.32x 5.56x 5.03x - - 4.03x 3.05x - - (51.4) 5.1 116.1 824.5 1'110.5 - - 1'277.0 1'593.5 - - - 639.25x 54.07x 7.55x 7.37x - - 6.00x 4.81x - - (52.2) (29.2) 21.9 417.4 445.1 - - 569.0 679.3 - - - - 72.08x 12.00x 12.13x - - 9.38x 8.34x - - EBITDA 1'110.52 Long-Term Rating Date - EBIT 841.85 Long-Term Rating - Operating Margin 51.77% Long-Term Outlook - Pretax Margin 40.73% Short-Term Rating Date - Return on Assets 5.76% Short-Term Rating - Return on Common Equity 9.71% Return on Capital - EBITDA/Interest Exp. 6.19 Asset Turnover 0.21% (EBITDA-Capex)/Interest Exp. 0.11 Net Debt/EBITDA 1.57 Gross Margin 63.9% Total Debt/EBITDA 1.66 EBITDA Margin 68.3% EBIT Margin 51.8% Total Debt/Equity 32.9% Net Income Margin 27.4% Total Debt/Capital 24.7% Asset Turnover 0.21 Current Ratio 0.47 Net Fixed Asset Turnover 1.11 Quick Ratio 0.30 Accounts receivable turnover-days 34.07 Debt to Assets 19.79% Inventory Days 39.24 Tot Debt to Common Equity 32.85% Accounts Payable Turnover Day 135.77 Accounts Receivable Turnover 10.74 Cash Conversion Cycle -62.45 Inventory Turnover 9.33 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended China Precious Metal Resources Holdings Co Ltd Price/Volume Valuation Analysis 42'412'001.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 20.0 M 40.0 M 60.0 M 80.0 M 100.0 M 120.0 M 140.0 M 160.0 M 180.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 3'500.0 4'000.0 4'500.0 5'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type MUNSUN GL MINING INV n/a EXCH 312'576'000 7.18 (126'190'000) 02.05.2013 Investment Advisor YIM YANG CHANG n/a EXCH 307'206'000 7.06 24'900'000 26.10.2012 n/a ASWELL GROUP LTD n/a EXCH 257'196'670 5.91 - 16.10.2012 Other VAN ECK ASSOCIATES C n/a ULT-AGG 221'008'000 5.08 - 15.05.2013 Investment Advisor BANK OF NEW YORK MEL n/a EXCH 217'908'000 5.01 - 22.01.2013 Investment Advisor PREMIUM WISE INC n/a EXCH 187'636'382 4.31 (679'470'000) 08.11.2012 Holding Company DIMENSIONAL FUND ADV n/a ULT-AGG 25'326'000 0.58 - 31.01.2013 Investment Advisor SIMPLE BEST LTD n/a EXCH 16'682'000 0.38 (50'000'000) 07.10.2011 Other NORGES BANK Multiple Portfolios MF-AGG 15'562'110 0.36 - 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 15'208'000 0.35 794'000 31.03.2013 Investment Advisor ZHANG SHU GUANG n/a EXCH 10'300'000 0.24 1'120'000 18.04.2012 n/a XIAOBING DAI n/a EXCH 10'000'000 0.23 (1'000'000) 10.04.2013 n/a BLACKROCK n/a ULT-AGG 9'512'000 0.22 - 14.05.2013 Investment Advisor CHAM LAM n/a EXCH 7'400'000 0.17 - 16.10.2012 n/a CHAM LAM n/a Short (6'000'000) -0.14 - 16.10.2012 n/a CLAYMORE ADVISORS LL Multiple Portfolios MF-AGG 4'858'000 0.11 - 15.05.2013 Investment Advisor STATE STREET n/a ULT-AGG 3'528'000 0.08 - 15.05.2013 Investment Advisor XIMIN MEI n/a Co File 2'000'000 0.05 - 31.12.2011 n/a OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 1'920'000 0.04 - 31.01.2013 Investment Advisor KIN SANG CHAN n/a Co File 800'000 0.02 - 31.12.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Daiwa Securities Co. Ltd. JOEY CHEN buy 5 N 2 Not Provided 10.05.2013 Argonaut Securities Pty Ltd CHRIS JIANG buy 5 M 2 Not Provided 19.04.2013 BOCOM International Holdings BENJAMIN PEI buy 5 M 2 Not Provided 02.04.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 17.01.2013 Holdings By: China Precious Metal Resources Holdings Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Seabridge Gold, Inc. acquires gold projects in North America. The Company expands and verifies these resources, moves them to reserves to determine their economic value, and either sells to or forms joint ventures with larger companies for mine construction and production. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 20.34 52-Week Low (18.04.2013) 9.63 Daily Volume 10.19 52-Week High % Change -49.89% Dividend Yield - 52-Week Low % Change 5.82% Beta 0.99 % 52 Week Price Range High/Low 5.23% Equity Float 41.57 Shares Out 30.04.2013 45.6 Short Int 3.88 464.22 1 Yr Total Return -19.95% Total Debt 0.00 YTD Return -43.29% Preferred Stock 0.0 Adjusted BETA 0.990 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 52.04 Consensus Rating 4.000 Enterprise Value 420.67 Average Volume 5 Day 249'532 SA US EQUITY YTD Change - Average Volume 30 Day 378'080 SA US EQUITY YTD % CHANGE - Average Volume 3 Month 377'719 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (5.6) (5.0) (5.7) (19.8) (15.8) (19.8) (5.1) (15.0) (16.0) - - - - - - - 0.00x 0.00x - - - - 10.3 (4.7) 3.3 (20.1) (12.5) (18.3) (14.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -15.82 Long-Term Rating Date - EBIT -15.83 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -5.08% Short-Term Rating - Return on Common Equity -5.37% Return on Capital - EBITDA/Interest Exp. -385.83 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1574.22 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.11 Net Fixed Asset Turnover 0.00 Quick Ratio 5.11 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Seabridge Gold Inc Price/Volume Valuation Analysis 467'017.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 12'566'447 27.58 661'363 15.05.2013 Investment Advisor PAN ATLANTIC BANK n/a PROXY 8'001'232 17.56 - 10.05.2012 Bank ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 5'837'287 12.81 (289'596) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'022'491 4.44 - 31.03.2013 Hedge Fund Manager FRONK RUDI P n/a SEDI 1'180'000 2.59 10'000 16.11.2012 n/a ANTHONY JAMES S n/a PROXY 779'791 1.71 - 15.05.2012 n/a FMR LLC n/a ULT-AGG 601'905 1.32 - 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 572'976 1.26 115'079 31.03.2013 Investment Advisor FCMI FINANCIAL CORP n/a PROXY 555'000 1.22 - 10.05.2012 Corporation BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 478'467 1.05 (203'241) 31.03.2013 Hedge Fund Manager FNDTN FOR STUDY OBJ n/a SEDI 425'334 0.93 - 06.02.2012 Other FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 415'000 0.91 (35'000) 02.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 338'868 0.74 (465'199) 14.05.2013 Investment Advisor FOX LOUIS J n/a SEDI 300'750 0.66 - 06.12.2011 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 286'420 0.63 (23'150) 31.03.2013 Investment Advisor THRELKELD WILLIAM E n/a SEDI 265'000 0.58 (10'000) 30.08.2011 n/a BANFIELD A FREDERICK n/a PROXY 245'000 0.54 - 15.05.2012 n/a NORGES BANK NORGES BANK 13F 235'224 0.52 (71'639) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 199'794 0.44 21'035 31.03.2013 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 167'000 0.37 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 64 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 22 12 month 08.03.2013 Nomura TYLER BRODA buy 5 M 24 Not Provided 16.05.2012 Holdings By: Seabridge Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Beadell Resources Limited is a gold development company. The Company's primary asset is the Tucano gold project, located in Brazil. Beadell also has an extensive portfolio of gold exploration tenements throughout Australia and Brazil, including the prospective Tropicana East Project located adjacent to the Tropicana gold deposit Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (07.12.2012) 1.14 52-Week Low (16.05.2012) 0.52 Daily Volume 0.625 52-Week High % Change -44.93% Dividend Yield 0.00 52-Week Low % Change 20.19% Beta 1.31 % 52 Week Price Range High/Low 22.76% Equity Float 628.43 Shares Out 22.04.2013 786.5 Short Int 39.70 491.55 1 Yr Total Return 17.92% Total Debt 132.84 YTD Return -36.22% Preferred Stock 0.0 Adjusted BETA 1.313 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 5.38 Consensus Rating 4.643 Enterprise Value 619.01 Average Volume 5 Day 6'406'797 BDR AU EQUITY YTD Change - Average Volume 30 Day 9'031'217 BDR AU EQUITY YTD % CHANGE - Average Volume 3 Month 8'016'993 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - - - 2.9 0.0 0.9 - - 313.1 332.8 - - - - 28.44x - 976.94x - - 1.50x 1.02x - - (5.9) (3.9) (7.5) (35.3) (14.0) - - 161.1 182.5 - - - - - - - - - 3.84x 3.39x - - (5.3) (3.9) (8.3) (34.8) (43.0) - - 127.8 141.0 - - - - - - - - - 4.40x 3.68x - - EBITDA -13.98 Long-Term Rating Date - EBIT -14.11 Long-Term Rating - Operating Margin -1612.69% Long-Term Outlook - Pretax Margin -4944.23% Short-Term Rating Date - Return on Assets -22.34% Short-Term Rating - Return on Common Equity -100.81% Return on Capital - EBITDA/Interest Exp. -5.55 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -16.00 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin -1612.7% Total Debt/Equity 407.5% Net Income Margin -4913.5% Total Debt/Capital 80.3% Asset Turnover 0.00 Current Ratio 0.44 Net Fixed Asset Turnover 0.01 Quick Ratio 0.05 Accounts receivable turnover-days - Debt to Assets 53.81% Inventory Days - Tot Debt to Common Equity 407.55% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Beadell Resources Ltd Price/Volume Valuation Analysis 6'881'259.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type COLUMBIA WANGER ASSE n/a EXCH 61'627'671 7.84 386'033 18.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 57'959'639 7.37 12'464'715 15.05.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 39'552'582 5.03 - 13.05.2013 Investment Advisor COUPLAND CARDIFF ASS n/a Co File 37'132'343 4.72 - 18.02.2013 Hedge Fund Manager L1 CAPITAL PTY LTD n/a EXCH 23'660'753 3.01 (21'000'000) 22.11.2012 Investment Advisor BOWLER PETER n/a EXCH 21'043'333 2.68 (4'000'000) 30.11.2012 n/a FRANKLIN RESOURCES n/a ULT-AGG 19'652'465 2.5 70'000 28.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 16'469'711 2.09 65'047 14.05.2013 Investment Advisor OZ MINERALS INVESTME n/a Co File 12'800'000 1.63 - 31.03.2012 Unclassified AMP LIFE LTD n/a Co File 12'331'993 1.57 - 31.03.2012 Investment Advisor UNISUPER n/a EXCH 12'137'228 1.54 - 05.12.2011 Other FMR LLC n/a ULT-AGG 11'653'618 1.48 1'685'000 31.03.2013 Investment Advisor BRAIDWOOD INVESTMENT n/a Co File 9'100'001 1.16 - 31.03.2012 Unclassified LEIBOWITZ ANTHONY HO n/a EXCH 8'586'457 1.09 263'091 30.11.2012 n/a BARRETT GREGORY MICH n/a Co File 8'351'651 1.06 - 31.12.2011 n/a ACORN CAPITAL LTD n/a EXCH 7'556'401 0.96 - 05.12.2011 Investment Advisor HOOKIPA PTY LTD n/a Co File 7'254'650 0.92 - 31.03.2012 Unclassified WATKINS ROBERT n/a EXCH 6'150'001 0.78 - 14.11.2012 n/a TWYNAM AGRICULTURAL n/a Co File 5'975'000 0.76 - 31.12.2012 Other NORGES BANK Multiple Portfolios MF-AGG 4'785'317 0.61 - 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MITCH RYAN outperform 5 M 1 12 month 14.05.2013 Shaw Stockbroking VINCENT PISANI buy 5 M 1 Not Provided 03.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 N 1 Not Provided 26.04.2013 Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 1 Not Provided 24.04.2013 Hartleys TRENT BARNETT buy 5 M 1 12 month 23.04.2013 GMP LEVI SPRY buy 5 M 1 12 month 28.03.2013 Casimir Capital ERIC ALLISON overweight 5 M 2 12 month 16.01.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Blackswan Equities Ltd RHYS BRADLEY buy 5 N 1 12 month 21.12.2012 RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012 Evans & Partners Pty Ltd CATHY MOISES Positive 4 N #N/A N/A Not Provided 24.10.2012 Bell Potter CHRIS WHITEHEAD buy 5 M 1 12 month 05.03.2012 Holdings By: Beadell Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Resolute Mining Limited explores for, produces and develops gold in Ghana, Mali Queensland and Tanzania. The Company's gold exploration projects include Obotan, Syama, Ravenswood and Golden Pride. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (05.10.2012) 2.08 52-Week Low (16.05.2013) 0.71 Daily Volume 0.735 52-Week High % Change -64.66% Dividend Yield 6.80 52-Week Low % Change 4.26% Beta 1.25 % 52 Week Price Range High/Low 1.54% Equity Float 510.03 Shares Out 31.12.2012 643.1 Short Int 0.94 472.67 1 Yr Total Return -45.93% Total Debt 11.02 YTD Return -55.18% Preferred Stock 0.0 Adjusted BETA 1.252 Minority Interest (33.3) Analyst Recs 13 Cash and Equivalents 48.78 Consensus Rating 3.769 Enterprise Value 411.55 Average Volume 5 Day 9'066'289 RSG AU EQUITY YTD Change - Average Volume 30 Day 5'008'541 RSG AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'297'626 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 12/11 Q2 03/12 Q3 231.5 299.7 334.9 445.1 576.7 - - 657.1 585.1 - - 2.48x 1.12x 1.49x 1.36x 1.37x - - 0.53x 0.56x - - 20.9 57.3 80.3 110.0 254.4 - - 274.6 224.3 - - 27.45x 5.85x 6.23x 5.49x 3.10x - - 1.50x 1.84x - - (56.7) 30.7 (37.2) 59.7 105.1 - - 144.8 96.9 - - - 6.17x - 8.72x 7.25x - - 3.21x 4.59x - - EBITDA 254.40 Long-Term Rating Date - EBIT 180.99 Long-Term Rating - Operating Margin 31.38% Long-Term Outlook - Pretax Margin 21.58% Short-Term Rating Date - Return on Assets 21.89% Short-Term Rating - Return on Common Equity 25.34% Return on Capital 27.39% EBITDA/Interest Exp. 24.36 Asset Turnover 0.90% (EBITDA-Capex)/Interest Exp. 22.02 Net Debt/EBITDA -0.13 Gross Margin 35.8% Total Debt/EBITDA 0.06 EBITDA Margin 42.1% EBIT Margin 31.0% Total Debt/Equity 1.9% Net Income Margin 18.2% Total Debt/Capital 2.0% Asset Turnover 0.90 Current Ratio 3.40 Net Fixed Asset Turnover 3.38 Quick Ratio 0.76 Accounts receivable turnover-days 12.69 Debt to Assets 1.66% Inventory Days 136.26 Tot Debt to Common Equity 1.91% Accounts Payable Turnover Day 32.96 Accounts Receivable Turnover 28.85 Cash Conversion Cycle 85.74 Inventory Turnover 2.69 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Resolute Mining Ltd Price/Volume Valuation Analysis 11'227'856.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 20.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type UTILICO INVESTMENTS n/a EXCH 121'029'227 18.82 - 24.04.2013 Investment Advisor ALLIANCE LIFE COMMON n/a Co File 62'989'484 9.79 - 24.04.2013 n/a VANGUARD GROUP INC #N/A N/A EXCH 47'350'000 7.36 (9'650'000) 09.05.2013 Investment Advisor M&G INVESTMENT MANAG #N/A N/A EXCH 44'600'000 6.94 (5'750'000) 10.05.2013 Investment Advisor BANK OF AMERICA CORP n/a EXCH 39'392'367 6.13 (9'442'393) 10.05.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 33'691'540 5.24 - 15.05.2013 Investment Advisor VINVA INVESTMENT MGM n/a EXCH 32'497'591 5.05 - 31.01.2013 Investment Advisor CF RUFFER BAKER STEE n/a EXCH 19'097'479 2.97 (3'846'391) 04.04.2012 n/a RUFFER LLP Multiple Portfolios MF-AGG 12'576'000 1.96 - 27.12.2012 Hedge Fund Manager ECLECTIC INVEST TRUS n/a EXCH 5'350'000 0.83 1'850'000 24.04.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'020'898 0.78 - 31.01.2013 Investment Advisor PERMANENT INVESTMENT n/a EXCH 5'010'643 0.78 (4'989'357) 12.07.2012 Other GENUS DYNAMIC GOLD F n/a EXCH 4'811'000 0.75 - 23.02.2012 n/a JP MORGAN n/a ULT-AGG 4'776'489 0.74 - 31.03.2013 Investment Advisor BAKER STEEL CAPITAL n/a EXCH 4'300'000 0.67 - 04.04.2012 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 3'713'389 0.58 - 31.12.2012 Government VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'455'670 0.54 807'280 30.09.2012 Investment Advisor SULLIVAN PETER ROSS n/a EXCH 3'007'448 0.47 (500'000) 02.01.2013 n/a FMR LLC n/a ULT-AGG 2'988'261 0.46 - 31.03.2013 Investment Advisor ICM LTD n/a EXCH 2'903'765 0.45 - 24.04.2013 Other Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER sell 1 M 1 12 month 13.05.2013 Veritas Securities MATTHEW BAILLIE buy 5 M 2 Not Provided 30.04.2013 Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 1 12 month 24.04.2013 GMP LEVI SPRY buy 5 M 2 Not Provided 24.04.2013 Bell Potter STEPHEN THOMAS buy 5 M 2 12 month 24.04.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 24.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 2 Not Provided 15.04.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Westhouse Securities ROB BROKE add 4 M 2 Not Provided 08.11.2012 Helmsec Global Capital Limited GAVIN VAN DER WATH speculative buy 4 M 2 12 month 31.07.2012 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 Holdings By: Resolute Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Endeavour Mining Corp. is a growth focused West African gold producer. The Company's operations include three operating mines in Ghana, Mali, and Burkina Faso, and a fourth mine in Cote d'Ivoire that is currently in construction. Endeavour also has a large West African land position with active exploration programs. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (10.10.2012) 2.56 52-Week Low (18.04.2013) 0.83 Daily Volume 0.88 52-Week High % Change -65.63% Dividend Yield 0.00 52-Week Low % Change 6.02% Beta 0.99 % 52 Week Price Range High/Low 2.89% Equity Float 406.80 Shares Out 30.04.2013 412.5 Short Int 0.43 362.99 1 Yr Total Return -55.33% Total Debt 201.83 YTD Return -57.49% Preferred Stock 0.0 Adjusted BETA 0.985 Minority Interest 75.0 Analyst Recs 5 Cash and Equivalents 113.67 Consensus Rating 4.800 Enterprise Value 526.11 Average Volume 5 Day 2'004'066 EDV CN EQUITY YTD Change - Average Volume 30 Day 1'953'092 EDV CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'075'166 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 109.2 (219.3) 167.1 145.6 346.1 193.0 385.0 490.8 634.0 103.0 120.0 - - - 3.93x 2.81x 6.42x 5.32x - - - - - (237.2) 130.7 43.3 136.2 70.0 100.9 193.0 235.3 - - - - - 13.22x 7.14x 7.66x 0.00x 2.73x 2.24x - - 57.1 (241.8) 125.3 (23.5) (8.6) (44.4) 24.8 81.6 207.0 - - 3.99x - 1.70x - - 0.00x 14.83x 6.24x 5.09x 5.95x 4.78x EBITDA 136.25 Long-Term Rating Date - EBIT 62.12 Long-Term Rating - Operating Margin 17.95% Long-Term Outlook - Pretax Margin 10.05% Short-Term Rating Date - Return on Assets -0.61% Short-Term Rating - Return on Common Equity -0.97% Return on Capital -0.90% EBITDA/Interest Exp. 25.82 Asset Turnover 0.25% (EBITDA-Capex)/Interest Exp. 2.76 Net Debt/EBITDA 0.65 Gross Margin 27.4% Total Debt/EBITDA 1.48 EBITDA Margin 39.4% EBIT Margin 18.0% Total Debt/Equity 19.0% Net Income Margin -2.5% Total Debt/Capital 15.1% Asset Turnover 0.25 Current Ratio 2.48 Net Fixed Asset Turnover 0.33 Quick Ratio 1.17 Accounts receivable turnover-days 22.12 Debt to Assets 11.50% Inventory Days 89.61 Tot Debt to Common Equity 19.00% Accounts Payable Turnover Day 90.61 Accounts Receivable Turnover 16.54 Cash Conversion Cycle 21.22 Inventory Turnover 4.08 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Endeavour Mining Corp Price/Volume Valuation Analysis 2'009'360.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M -300.0 -200.0 -100.0 0.0 100.0 200.0 300.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 32'707'812 7.93 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA n/a Co File 20'147'799 4.88 - 31.10.2012 Investment Advisor FMR LLC n/a ULT-AGG 14'061'830 3.41 (7'178'000) 31.03.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 9'321'000 2.26 526'000 27.12.2012 Hedge Fund Manager ROYCE AND ASSOCIATES n/a 13G 4'850'000 1.18 (500'000) 31.12.2011 Investment Advisor JP MORGAN n/a ULT-AGG 4'757'617 1.15 - 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'700'000 0.9 (3'078'475) 31.03.2013 Investment Advisor ASHDELL LTD n/a PROXY 2'800'000 0.68 - 10.09.2012 Other DIMENSIONAL FUND ADV n/a ULT-AGG 2'765'232 0.67 14'500 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'268'936 0.55 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'918'223 0.47 421'209 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'877'316 0.46 - 31.12.2012 Government JONES HEWARD INVESTM Multiple Portfolios MF-AGG 1'266'210 0.31 - 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 999'030 0.24 60'256 31.03.2013 Investment Advisor CONNELLY MARK n/a SEDI 855'000 0.21 - 12.12.2011 n/a DWS INVESTMENT SA Multiple Portfolios MF-AGG 800'000 0.19 799'000 28.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 700'000 0.17 - 27.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 541'001 0.13 (171'161) 31.12.2012 Hedge Fund Manager WOODYER NEIL n/a SEDI 447'127 0.11 50'000 19.04.2013 n/a LAING DAVID C n/a SEDI 388'618 0.09 60'000 16.04.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Goldman Sachs EUGENE KING Buy/Neutral 5 M 2 12 month 15.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 3 12 month 15.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 3 12 month 15.05.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 M 2 Not Provided 11.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 Not Provided 01.04.2013 BMO Capital Markets ANDREW BREICHMANAS not rated #N/A N/A M #N/A N/A Not Provided 24.01.2013 Holdings By: Endeavour Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Fortuna Silver Mines Inc. is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. The Company's primary assets are the San Jose silver-gold mine in Mexico and the Caylloma silver-lead-zinc mine in Peru. Fortuna Silver Mines is selectively pursuing additional acquisition opportunities in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 5.85 52-Week Low (17.04.2013) 2.67 Daily Volume 2.8 52-Week High % Change -52.14% Dividend Yield 0.00 52-Week Low % Change 4.87% Beta 1.44 % 52 Week Price Range High/Low 4.09% Equity Float 124.53 Shares Out 30.04.2013 125.3 Short Int 2.97 350.85 1 Yr Total Return -21.13% Total Debt - YTD Return -32.53% Preferred Stock - Adjusted BETA 1.439 Minority Interest - Analyst Recs 10 Cash and Equivalents - Consensus Rating 4.300 Enterprise Value 282.51 Average Volume 5 Day 469'640 FVI CN EQUITY YTD Change - Average Volume 30 Day 477'159 FVI CN EQUITY YTD % CHANGE - Average Volume 3 Month 455'622 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 24.8 51.4 74.1 110.0 161.0 128.7 161.1 170.2 204.8 39.0 40.7 1.39x 3.01x 6.78x 5.78x - 17.74x 8.90x - - - - 0.1 21.3 34.1 48.8 70.7 59.4 49.2 73.4 103.2 20.0 23.5 401.05x 7.25x 14.71x 13.01x - 8.66x 0.00x 3.85x 2.74x - - (0.9) 0.6 16.0 19.5 31.5 25.9 27.0 30.7 42.7 4.7 6.1 - 99.42x 34.34x 32.35x 15.45x 20.48x 18.73x 11.41x 8.49x 10.58x 9.42x EBITDA 70.72 Long-Term Rating Date - EBIT 49.34 Long-Term Rating - Operating Margin 30.64% Long-Term Outlook - Pretax Margin 28.09% Short-Term Rating Date - Return on Assets 10.70% Short-Term Rating - Return on Common Equity 12.77% Return on Capital 12.75% EBITDA/Interest Exp. 125.83 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 46.04 Net Debt/EBITDA -0.88 Gross Margin 43.9% Total Debt/EBITDA 0.04 EBITDA Margin 43.9% EBIT Margin 30.6% Total Debt/Equity - Net Income Margin 19.5% Total Debt/Capital - Asset Turnover 0.55 Current Ratio - Net Fixed Asset Turnover 0.83 Quick Ratio - Accounts receivable turnover-days 52.51 Debt to Assets - Inventory Days 48.91 Tot Debt to Common Equity - Accounts Payable Turnover Day 39.64 Accounts Receivable Turnover 6.97 Cash Conversion Cycle - Inventory Turnover 7.48 Fiscal Year Ended Fortuna Silver Mines Inc Price/Volume Valuation Analysis 739'038.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 9'880'700 7.89 (643'800) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 8'370'809 6.68 (356'649) 31.03.2013 Hedge Fund Manager MASON HILL ADVISORS MASON HILL ADVISORS 13F 7'932'400 6.33 - 31.03.2013 Hedge Fund Manager MONTRUSCO BOLTON INV MONTRUSCO BOLTON INV 13F 3'994'740 3.19 1'487'550 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'187'340 1.75 180'272 14.05.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'641'307 1.31 1'641'307 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'380'838 1.1 (16'962) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'210'600 0.97 36'400 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'169'500 0.93 (239'800) 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'137'189 0.91 - 28.09.2012 Investment Advisor INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 997'900 0.8 (289'500) 31.03.2013 Investment Advisor CQS CAYMAN LP CQS CAYMAN LP 13F 750'000 0.6 (100'000) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 711'800 0.57 138'400 31.03.2013 Holding Company CANADA PENSION PLAN CANADA PENSION PLAN 13F 704'591 0.56 206'500 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 615'180 0.49 47'900 31.03.2013 Investment Advisor FEDERATED INVESTORS FEDERATED INVESTORS 13F 600'000 0.48 - 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 600'000 0.48 - 29.03.2013 Investment Advisor NORTHWEST MUTUAL FUN Multiple Portfolios MF-AGG 505'241 0.4 - 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 462'200 0.37 - 31.03.2013 Investment Advisor VEHRS THOMAS I n/a SEDI 425'000 0.34 225'000 29.11.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 5 Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 6 12 month 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 Raymond James CHRIS THOMPSON outperform 5 U 5 12 month 09.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 4 12 month 09.05.2013 Haywood Securities Inc. BENJAMIN ASUNCION buy 5 M 5 Not Provided 09.05.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 09.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 4 12 month 08.05.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 N 6 Not Provided 11.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 4 12 month 21.03.2013 Holdings By: Fortuna Silver Mines Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 McEwen Mining Inc. is a high growth, low cost mid-tier gold producer in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 4.72 52-Week Low (18.04.2013) 1.67 Daily Volume 2.05 52-Week High % Change -56.54% Dividend Yield 0.00 52-Week Low % Change 22.75% Beta 1.48 % 52 Week Price Range High/Low 12.47% Equity Float 184.40 Shares Out 03.05.2013 258.6 Short Int 29.24 609.04 1 Yr Total Return -4.14% Total Debt 0.00 YTD Return -46.48% Preferred Stock 0.0 Adjusted BETA 1.484 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 70.92 Consensus Rating 3.667 Enterprise Value 563.91 Average Volume 5 Day 2'961'632 MUX US EQUITY YTD Change - Average Volume 30 Day 3'765'805 MUX US EQUITY YTD % CHANGE - Average Volume 3 Month 3'341'979 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 6.0 3.0 38.9 150.0 217.0 34.8 39.2 - - - - 178.15x 948.65x 99.45x - - - - (19.7) (17.3) (29.0) (59.6) (92.3) (69.8) (66.8) 42.0 114.0 - - - - - - - 0.00x 0.00x 13.43x 4.95x - - (131.1) (27.7) (33.1) (61.9) (66.7) (70.5) (58.4) 70.9 114.0 16.1 18.8 - - - - - 0.00x 0.00x - 25.63x - - EBITDA -92.34 Long-Term Rating Date - EBIT -93.37 Long-Term Rating - Operating Margin -1565.02% Long-Term Outlook - Pretax Margin -1573.89% Short-Term Rating Date - Return on Assets -5.11% Short-Term Rating - Return on Common Equity -6.66% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 10.5% Total Debt/EBITDA 0.00 EBITDA Margin -172.0% EBIT Margin -174.8% Total Debt/Equity 0.0% Net Income Margin -1117.2% Total Debt/Capital 0.0% Asset Turnover 0.03 Current Ratio 3.65 Net Fixed Asset Turnover 0.05 Quick Ratio 2.82 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days 101.38 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 188.52 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 3.60 Fiscal Year Ended McEwen Mining Inc Price/Volume Valuation Analysis 3'088'439.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type MCEWEN ROBERT R n/a Form 4 73'428'564 28.4 - 18.04.2013 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 14'825'787 5.73 2'112'575 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 13'335'621 5.16 - 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 10'796'918 4.18 (90'000) 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 8'798'586 3.4 (3'843'036) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 7'321'268 2.83 (2'501'373) 31.03.2013 Investment Advisor JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 6'747'005 2.61 (79'379) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 3'940'961 1.52 993'013 31.03.2013 Investment Advisor STALEY CAPITAL ADVIS STALEY CAPITAL ADVIS 13F 3'200'440 1.24 753'503 31.03.2013 Hedge Fund Manager NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'998'509 1.16 (38'931) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'696'531 1.04 450'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'166'610 0.84 (26'038) 31.03.2013 Investment Advisor HORIZON KINETICS n/a ULT-AGG 1'770'336 0.68 (82'987) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 1'735'340 0.67 (1'000'000) 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 1'478'932 0.57 153'696 31.03.2013 Investment Advisor BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 1'410'913 0.55 15'016 28.02.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 1'166'475 0.45 73'405 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 1'152'810 0.45 295'800 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'104'843 0.43 27'168 31.03.2013 Investment Advisor AEGIS FINANCIAL CORP AEGIS FINANCIAL CORP 13F 1'063'594 0.41 1'063'594 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Stifel CRAIG P STANLEY buy 5 M 3 12 month 09.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 18.04.2013 Holdings By: McEwen Mining Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 MAG Silver Corp acquires and explores mineral properties with a focus on high-grade silver and gold. The Company, through its subsidiary, holds options to earn an interest in properties located in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (06.11.2012) 13.32 52-Week Low (15.05.2013) 6.50 Daily Volume 6.51 52-Week High % Change -51.13% Dividend Yield 0.00 52-Week Low % Change 0.15% Beta 1.68 % 52 Week Price Range High/Low 0.15% Equity Float 48.04 Shares Out 30.04.2013 60.1 Short Int 0.20 391.52 1 Yr Total Return -8.70% Total Debt 0.00 YTD Return -35.99% Preferred Stock 0.0 Adjusted BETA 1.681 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 41.05 Consensus Rating 4.500 Enterprise Value 350.47 Average Volume 5 Day 108'497 MAG CN EQUITY YTD Change - Average Volume 30 Day 140'367 MAG CN EQUITY YTD % CHANGE - Average Volume 3 Month 178'965 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (6.7) (9.4) (12.9) (9.5) (13.4) (9.5) (13.5) (3.4) (3.4) (0.9) (0.9) - - - - - 0.00x 0.00x - - - - (5.9) (13.5) (12.6) (8.3) (12.3) (8.3) (12.3) (4.4) (9.2) (0.9) (0.9) - - - - - 0.00x 0.00x - - - - EBITDA -13.45 Long-Term Rating Date - EBIT -13.49 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -10.53% Short-Term Rating - Return on Common Equity -10.72% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 31.79 Net Fixed Asset Turnover 0.00 Quick Ratio 31.65 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended MAG Silver Corp Price/Volume Valuation Analysis 145'824.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .1 M .2 M .3 M .4 M .5 M .6 M .7 M .8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type FRESNILLO PLC n/a PROXY 9'746'193 16.21 - 07.09.2012 Unclassified MASON HILL ADVISORS MASON HILL ADVISORS 13F 5'227'561 8.69 - 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 4'329'250 7.2 1'805'500 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 3'859'581 6.42 - 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 3'597'500 5.98 2'224'600 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 2'755'754 4.58 2'755'754 31.03.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 1'626'550 2.7 (544'950) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'583'225 2.63 466'927 31.03.2013 Pension Fund (ERISA) BLACKROCK n/a ULT-AGG 992'852 1.65 (408'125) 14.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 986'206 1.64 - 31.03.2013 Hedge Fund Manager CARMAX ENTERPRISES n/a Co File 946'300 1.57 - 31.12.2010 Corporation GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 788'555 1.31 (10'525) 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 764'000 1.27 4'000 31.03.2013 Investment Advisor ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 528'682 0.88 8'100 31.03.2013 Hedge Fund Manager FALCON FUND MANAGEME Multiple Portfolios MF-AGG 432'000 0.72 - 28.02.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 402'144 0.67 - 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 390'000 0.65 90'000 31.03.2013 Investment Advisor CARLSON ERIC H n/a SEDI 379'200 0.63 50'000 03.08.2012 n/a RAFFLES ASSOCIATES L RAFFLES ASSOCIATES L 13F 372'900 0.62 - 31.03.2013 Hedge Fund Manager AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 370'978 0.62 105'600 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 15 12 month 07.05.2013 Macquarie MICHAEL GRAY outperform 5 M 14 12 month 25.04.2013 Raymond James DAVID SADOWSKI outperform 5 M 14 12 month 24.04.2013 Holdings By: MAG Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Primero Mining Corporation is a gold and silver producer. The Company focuses on building a precious metals portfolio in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (24.10.2012) 7.89 52-Week Low (28.06.2012) 2.43 Daily Volume 5.17 52-Week High % Change -34.47% Dividend Yield 0.00 52-Week Low % Change 112.76% Beta 1.48 % 52 Week Price Range High/Low 50.18% Equity Float 65.03 Shares Out 30.04.2013 97.4 Short Int 5.51 503.74 1 Yr Total Return 104.35% Total Debt 40.00 YTD Return -19.22% Preferred Stock 0.0 Adjusted BETA 1.482 Minority Interest 0.0 Analyst Recs 12 Cash and Equivalents 139.24 Consensus Rating 4.667 Enterprise Value 385.66 Average Volume 5 Day 209'352 P CN EQUITY YTD Change - Average Volume 30 Day 305'423 P CN EQUITY YTD % CHANGE - Average Volume 3 Month 374'610 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 60.3 156.5 182.9 166.6 185.3 201.5 250.8 61.2 53.1 - - 8.68x 1.80x 2.88x 6.89x 8.97x 1.75x 1.44x 5.97x 6.70x (0.6) (0.6) 12.8 72.8 77.4 80.8 71.9 89.1 136.4 33.6 23.7 - - 40.81x 3.86x 6.79x 2.70x 7.52x 4.33x 2.83x 3.64x 3.57x (0.7) (0.7) (31.5) 49.6 49.6 76.1 48.3 48.3 69.0 25.1 14.6 - - - 5.81x 11.91x 2.95x 13.08x 11.75x 8.52x 11.70x 10.49x EBITDA 77.44 Long-Term Rating Date - EBIT 49.39 Long-Term Rating - Operating Margin 27.00% Long-Term Outlook - Pretax Margin 24.42% Short-Term Rating Date - Return on Assets 7.25% Short-Term Rating - Return on Common Equity 8.68% Return on Capital - EBITDA/Interest Exp. 26.82 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 13.06 Net Debt/EBITDA -1.52 Gross Margin 58.7% Total Debt/EBITDA 0.45 EBITDA Margin 38.8% EBIT Margin 22.8% Total Debt/Equity 7.0% Net Income Margin 27.1% Total Debt/Capital 6.5% Asset Turnover 0.28 Current Ratio 3.07 Net Fixed Asset Turnover 0.38 Quick Ratio 2.66 Accounts receivable turnover-days 10.52 Debt to Assets 5.97% Inventory Days 47.70 Tot Debt to Common Equity 7.00% Accounts Payable Turnover Day 173.68 Accounts Receivable Turnover 34.70 Cash Conversion Cycle -86.81 Inventory Turnover 7.65 Fiscal Year Ended Primero Mining Corp Price/Volume Valuation Analysis 342'492.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type GOLDCORP INC n/a SEDI 31'151'200 31.97 (8'422'460) 12.10.2012 Corporation TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 7'443'290 7.64 (34'700) 31.03.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 7'016'800 7.2 68'800 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'354'449 6.52 (36) 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'548'175 5.69 79'800 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'225'586 5.36 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 4'851'400 4.98 3'822'900 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 4'120'705 4.23 (297'524) 31.03.2013 Bank O'SHAUGHNESSY ASSET O'SHAUGHNESSY ASSET 13F 1'895'988 1.95 108'693 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 1'707'777 1.75 (1'155'890) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 1'452'000 1.49 (128'000) 31.03.2013 Hedge Fund Manager FALCON FUND MANAGEME Multiple Portfolios MF-AGG 1'116'000 1.15 - 28.02.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 1'076'900 1.11 - 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 918'600 0.94 (1'221'100) 31.03.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 879'700 0.9 (144'400) 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 755'000 0.77 81'100 31.03.2013 Hedge Fund Manager CONWAY JOSEPH F n/a SEDI 563'300 0.58 50'000 04.07.2012 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 548'800 0.56 548'800 31.03.2013 Investment Advisor SPARK INVESTMENT MAN SPARK INVESTMENT MAN 13F 529'500 0.54 (53'300) 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 510'100 0.52 (66'400) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp STEVEN BUTLER buy 5 M 10 12 month 13.05.2013 Macquarie MICHAEL GRAY outperform 5 M 7 12 month 09.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 9 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 9 12 month 09.05.2013 BMO Capital Markets BRIAN QUAST outperform 5 M 9 Not Provided 08.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 7 12 month 08.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector outperform 5 M 9 Not Provided 08.05.2013 Cantor Fitzgerald ROB CHANG buy 5 M 9 12 month 08.05.2013 GMP CHELSEA HAMILTON buy 5 M 10 12 month 08.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 9 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 15.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 10 12 month 27.03.2013 Holdings By: Primero Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Kingsgate Consolidated Limited is a gold mining and exploration company with operations focused in Thailand at the Chatree gold project. The Company also explores for silver and other metals. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (03.10.2012) 6.20 52-Week Low (16.05.2013) 1.61 Daily Volume 1.645 52-Week High % Change -73.47% Dividend Yield 9.12 52-Week Low % Change 2.17% Beta 1.33 % 52 Week Price Range High/Low 1.02% Equity Float 146.95 Shares Out 12.04.2013 152.2 Short Int 9.16 250.36 1 Yr Total Return -66.42% Total Debt 157.54 YTD Return -62.11% Preferred Stock 0.0 Adjusted BETA 1.328 Minority Interest 0.0 Analyst Recs 12 Cash and Equivalents 90.62 Consensus Rating 2.750 Enterprise Value 382.02 Average Volume 5 Day 1'823'418 KCN AU EQUITY YTD Change - Average Volume 30 Day 1'464'115 KCN AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'346'155 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 74.3 113.0 176.1 172.4 357.4 - - 341.8 389.2 - - 6.01x 5.46x 5.16x 6.69x 2.24x - - 1.11x 0.97x - - 19.6 (38.1) 84.7 66.8 164.9 - - 114.8 144.1 - - 22.77x - 10.74x 17.26x 4.86x - - 3.33x 2.65x - - 36.2 32.5 66.3 21.1 75.2 - - 33.5 46.0 - - 10.12x 19.20x 12.59x 42.78x 9.24x - - 6.80x 6.45x - - EBITDA 164.86 Long-Term Rating Date - EBIT 97.31 Long-Term Rating - Operating Margin 27.23% Long-Term Outlook - Pretax Margin 25.54% Short-Term Rating Date - Return on Assets 4.93% Short-Term Rating - Return on Common Equity 6.76% Return on Capital 6.48% EBITDA/Interest Exp. 10.36 Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. -0.38 Net Debt/EBITDA - Gross Margin 33.2% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 23.9% Total Debt/Equity 20.3% Net Income Margin 21.0% Total Debt/Capital 16.9% Asset Turnover 0.37 Current Ratio 2.03 Net Fixed Asset Turnover 0.47 Quick Ratio 0.98 Accounts receivable turnover-days 19.78 Debt to Assets 15.03% Inventory Days - Tot Debt to Common Equity 20.31% Accounts Payable Turnover Day - Accounts Receivable Turnover 18.50 Cash Conversion Cycle 42.36 Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Kingsgate Consolidated Ltd Price/Volume Valuation Analysis 3'329'013.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 13'470'832 8.85 (450'000) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 10'654'665 7 - 15.05.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 9'639'841 6.33 (1'356'557) 26.04.2013 Investment Advisor FMR LLC n/a ULT-AGG 8'578'820 5.64 (369'358) 31.10.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'550'000 3.65 50'000 28.02.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 4'693'651 3.08 - 27.12.2012 Hedge Fund Manager FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 4'118'481 2.71 - 30.09.2012 Hedge Fund Manager SMYTH-KIRK ROSS DONA n/a EXCH 3'706'582 2.44 - 03.04.2013 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'065'821 0.7 310'561 30.09.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 1'042'573 0.69 16'822 31.01.2013 Investment Advisor THOMAS GAVIN n/a EXCH 946'403 0.62 - 06.05.2013 n/a NORGES BANK Multiple Portfolios MF-AGG 944'190 0.62 - 31.12.2012 Government PRUDENTIAL FINANCIAL n/a ULT-AGG 925'953 0.61 3'261 28.03.2013 Investment Advisor ARINYA INVESTMENTS P n/a EXCH 879'689 0.58 - 03.04.2013 Other VANGUARD GROUP INC Multiple Portfolios MF-AGG 751'153 0.49 63'808 31.03.2013 Investment Advisor AXA ROSENBERG INTL Multiple Portfolios MF-AGG 662'402 0.44 523'974 31.12.2012 Investment Advisor ERSTE SPARINVEST KAG Multiple Portfolios MF-AGG 540'000 0.35 - 28.12.2012 Investment Advisor SCHRODER INVESTMENT Multiple Portfolios MF-AGG 354'759 0.23 308'118 31.03.2013 Investment Advisor PACIFIC INCOME ADVIS Multiple Portfolios MF-AGG 281'011 0.18 - 28.03.2013 Investment Advisor HSBC TRINKAUS INVEST Multiple Portfolios MF-AGG 225'000 0.15 - 31.07.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 14.05.2013 Macquarie MITCH RYAN neutral 3 M 3 12 month 13.05.2013 Goldman Sachs PAUL HISSEY sell/attractive 1 M 2 12 month 09.05.2013 BBY Limited KURT WORDEN strong buy 5 M 3 12 month 30.04.2013 Veritas Securities MATTHEW BAILLIE buy 5 M 3 Not Provided 30.04.2013 RBC Capital Markets STEUART MCINTYRE underperform 1 D 2 12 month 29.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 5 Not Provided 15.04.2013 E.L. & C. Baillieu SOPHIE SPARTALIS hold 3 M 4 12 month 15.03.2013 Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 02.11.2012 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 Bell Potter PETER CHAPMAN Under Review #N/A N/A M #N/A N/A Not Provided 02.11.2011 Holdings By: Kingsgate Consolidated Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Timmins Gold Corporation operates as a gold exploration and production company. The Company owns and operates a Mexican based mine where they develop, explore and produce gold. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.11.2012) 3.48 52-Week Low (23.05.2012) 1.49 Daily Volume 2.22 52-Week High % Change -36.21% Dividend Yield 0.00 52-Week Low % Change 48.99% Beta 1.11 % 52 Week Price Range High/Low 36.68% Equity Float 137.45 Shares Out 30.04.2013 144.1 Short Int 0.12 319.87 1 Yr Total Return 37.04% Total Debt 17.55 YTD Return -25.75% Preferred Stock 0.0 Adjusted BETA 1.108 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 24.06 Consensus Rating 4.571 Enterprise Value 310.24 Average Volume 5 Day 479'660 TMM CN EQUITY YTD Change - Average Volume 30 Day 673'355 TMM CN EQUITY YTD % CHANGE - Average Volume 3 Month 654'738 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 84.4 156.1 105.8 166.2 196.3 214.8 47.0 46.2 - - - 4.15x 2.73x 12.87x 8.95x 1.37x 0.94x 6.48x 6.42x (4.2) (3.5) (6.7) 43.5 68.5 56.7 76.0 88.4 90.5 17.5 19.9 - - - 8.05x 6.22x 5.63x 5.36x 3.51x 3.43x 4.06x 4.09x (5.3) (3.4) (8.6) 11.5 36.1 21.2 45.5 49.8 48.0 10.6 9.2 - - - 27.89x 12.02x 14.12x 9.04x 6.49x 6.67x 6.73x 6.63x EBITDA 68.51 Long-Term Rating Date - EBIT 60.58 Long-Term Rating - Operating Margin 38.80% Long-Term Outlook - Pretax Margin 36.58% Short-Term Rating Date - Return on Assets 21.95% Short-Term Rating - Return on Common Equity 33.32% Return on Capital 30.52% EBITDA/Interest Exp. 27.48 Asset Turnover 0.80% (EBITDA-Capex)/Interest Exp. 13.71 Net Debt/EBITDA -0.12 Gross Margin 49.1% Total Debt/EBITDA 0.23 EBITDA Margin 45.8% EBIT Margin 40.4% Total Debt/Equity 11.9% Net Income Margin 23.1% Total Debt/Capital 10.7% Asset Turnover 0.80 Current Ratio 1.97 Net Fixed Asset Turnover 1.27 Quick Ratio 0.97 Accounts receivable turnover-days 20.58 Debt to Assets 8.12% Inventory Days 141.38 Tot Debt to Common Equity 11.93% Accounts Payable Turnover Day 55.91 Accounts Receivable Turnover 17.74 Cash Conversion Cycle 151.43 Inventory Turnover 2.58 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Timmins Gold Corp Price/Volume Valuation Analysis 879'490.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 25'551'300 17.73 262'100 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 10'964'736 7.61 - 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 8'131'210 5.64 70'979 31.03.2013 Bank OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 5'781'224 4.01 5'781'224 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'253'300 3.65 161'700 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 3'810'200 2.64 860'000 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 3'706'900 2.57 - 27.12.2012 Hedge Fund Manager BRAGAGNOLO BRUCE n/a SEDI 2'928'000 2.03 (25'000) 03.01.2013 n/a GCIC LTD/CANADA GCIC LTD 13F 2'728'100 1.89 463'100 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 2'705'400 1.88 100'000 31.03.2013 Investment Advisor BONILLAS ZEPEDA F A n/a SEDI 2'584'800 1.79 (34'729) 19.12.2012 n/a INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 2'217'500 1.54 536'400 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 2'050'500 1.42 (1'661'700) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'003'600 1.39 200'000 31.03.2013 Pension Fund (ERISA) HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 1'929'200 1.34 243'100 31.03.2013 Hedge Fund Manager CQS CAYMAN LP CQS CAYMAN LP 13F 1'500'000 1.04 200'000 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'054'100 0.73 (35'600) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 820'191 0.57 63'043 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 698'391 0.48 (4'915) 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 659'429 0.46 83'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 3 Not Provided 13.05.2013 National Bank Financial SHANE NAGLE outperform 5 M 4 12 month 10.05.2013 Macquarie MICHAEL SIPERCO neutral 3 M 3 12 month 09.05.2013 Cormark Securities Inc. KYLE MCPHEE buy 5 M 3 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 4 12 month 09.05.2013 M Partners Inc ERIK BERMEL buy 5 M 4 12 month 09.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 4 12 month 08.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 4 12 month 08.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL sell 1 M 2 12 month 08.05.2013 PI Financial Corp. PHILIP KER buy 5 M 3 12 month 08.05.2013 Stonecap Securities Inc BRIAN SZETO outperform 5 M 4 12 month 08.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 4 12 month 01.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 4 12 month 23.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013 MGI Securities MARC PAIS buy 5 M 5 12 month 05.07.2011 Holdings By: Timmins Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 St. Barbara Limited is a gold exploration and production company. The Company's exploration projects include its Southern Cross and Leonora Operations which are located in Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (18.10.2012) 2.40 52-Week Low (08.05.2013) 0.51 Daily Volume 0.62 52-Week High % Change -74.17% Dividend Yield 0.00 52-Week Low % Change 21.57% Beta 1.23 % 52 Week Price Range High/Low 7.94% Equity Float 486.24 Shares Out 31.12.2012 488.1 Short Int 13.37 302.61 1 Yr Total Return -66.49% Total Debt 4.26 YTD Return -57.09% Preferred Stock 0.0 Adjusted BETA 1.225 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 185.40 Consensus Rating 4.357 Enterprise Value 453.36 Average Volume 5 Day 6'088'577 SBM AU EQUITY YTD Change - Average Volume 30 Day 4'944'770 SBM AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'005'479 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 143.1 281.1 296.8 359.6 541.2 - - 530.2 620.2 - - 3.41x 1.33x 2.01x 1.58x 0.73x - - 0.83x 0.56x - - (0.1) 50.3 77.2 109.3 224.1 - - 158.2 237.0 - - - 7.42x 7.74x 5.21x 1.76x - - 2.87x 1.91x - - (17.3) (76.3) (40.2) 68.6 130.2 - - 39.9 78.3 - - - - - 9.29x 4.42x - - 7.65x 4.00x - - EBITDA 224.06 Long-Term Rating Date 15.03.2013 EBIT 133.19 Long-Term Rating B Operating Margin 24.61% Long-Term Outlook STABLE Pretax Margin 20.23% Short-Term Rating Date - Return on Assets 9.10% Short-Term Rating - Return on Common Equity 13.09% Return on Capital - EBITDA/Interest Exp. 308.62 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 164.28 Net Debt/EBITDA 0.75 Gross Margin 50.3% Total Debt/EBITDA 1.08 EBITDA Margin 38.5% EBIT Margin 21.0% Total Debt/Equity 0.8% Net Income Margin 24.1% Total Debt/Capital 0.7% Asset Turnover 0.55 Current Ratio 3.39 Net Fixed Asset Turnover 0.71 Quick Ratio 2.62 Accounts receivable turnover-days 13.29 Debt to Assets 0.62% Inventory Days 75.96 Tot Debt to Common Equity 0.75% Accounts Payable Turnover Day 69.88 Accounts Receivable Turnover 27.54 Cash Conversion Cycle -34.88 Inventory Turnover 4.82 Fiscal Year Ended St Barbara Ltd Price/Volume Valuation Analysis 4'438'933.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type M&G INVESTMENT MANAG n/a EXCH 93'372'398 19.13 - 14.02.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 70'959'173 14.54 (547'654) 28.03.2013 Investment Advisor VANGUARD GROUP INC n/a EXCH 60'536'881 12.4 9'536'881 29.01.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 38'851'254 7.96 12'768'675 15.05.2013 Investment Advisor PARADICE INVESTMENT n/a EXCH 19'990'864 4.1 - 13.09.2012 Investment Advisor UBS n/a ULT-AGG 16'608'948 3.4 512'340 06.09.2012 Unclassified TRADEWINDS GLOBAL IN n/a EXCH 16'240'544 3.33 (1'270'413) 03.11.2011 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 15'874'016 3.25 38'344 31.01.2013 Investment Advisor STATE STREET n/a ULT-AGG 12'749'179 2.61 79'914 15.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 12'528'000 2.57 - 27.12.2012 Hedge Fund Manager BLACKROCK n/a ULT-AGG 11'424'935 2.34 (1'335'100) 14.05.2013 Investment Advisor LSV ASSET MANAGEMENT n/a RNS-RUL8 11'363'061 2.33 684'600 23.07.2012 Investment Advisor FMR LLC n/a ULT-AGG 10'598'053 2.17 (536'807) 31.03.2013 Investment Advisor COMMONWEALTH BANK OF n/a RNS-RUL8 8'897'062 1.82 - 31.08.2012 Bank HUNTER HALL INVESTME n/a RNS-RUL8 7'754'662 1.59 (8'245'338) 12.07.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 6'700'000 1.37 300'000 28.02.2013 Investment Advisor JP MORGAN n/a ULT-AGG 6'200'627 1.27 (2'413'751) 31.12.2012 Investment Advisor JCP INVESTMENT PARTN n/a RNS-RUL8 6'032'951 1.24 (326'553) 09.08.2012 Investment Advisor BANQUE DE LUXEMBOURG Multiple Portfolios MF-AGG 6'000'000 1.23 500'000 28.03.2013 Investment Advisor CENTAURUS CAPITAL LT n/a Short (5'746'460) -1.18 (506'570) 06.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank CHRIS TERRY buy 5 M 1 12 month 13.05.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 1 12 month 13.05.2013 Canaccord Genuity Corp LUKE SMITH buy 5 M 1 12 month 13.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Macquarie MITCH RYAN outperform 5 M 1 12 month 26.04.2013 Bell Potter STEPHEN THOMAS buy 5 M 1 12 month 24.04.2013 RBC Capital Markets STEUART MCINTYRE outperform 5 M 1 12 month 23.04.2013 E.L. & C. Baillieu SOPHIE SPARTALIS buy 5 M 2 12 month 23.04.2013 Nomura DAVID RADCLYFFE neutral 3 M 1 Not Provided 08.03.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 19.07.2012 Argonaut Securities Pty Ltd TROY IRVIN buy 5 U 3 Not Provided 18.06.2012 Holdings By: St Barbara Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Premier Gold Mines Limited is a mining and exploration company focused on developing gold projects worldwide. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (21.09.2012) 6.79 52-Week Low (18.04.2013) 1.57 Daily Volume 1.72 52-Week High % Change -74.67% Dividend Yield 0.00 52-Week Low % Change 9.55% Beta 1.79 % 52 Week Price Range High/Low 2.87% Equity Float 144.31 Shares Out 30.04.2013 149.4 Short Int 5.28 256.90 1 Yr Total Return -52.09% Total Debt 18.50 YTD Return -59.05% Preferred Stock 0.0 Adjusted BETA 1.792 Minority Interest 40.6 Analyst Recs 12 Cash and Equivalents 85.10 Consensus Rating 4.167 Enterprise Value 230.94 Average Volume 5 Day 974'211 PG CN EQUITY YTD Change - Average Volume 30 Day 1'415'851 PG CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'066'926 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.9 0.0 0.0 - - - - - - - #DIV/0! 2932.95x - - - - (3.2) (6.2) (13.2) (11.9) (12.5) (5.4) (12.2) (11.0) (11.0) - - - - - - - 0.00x 0.00x - - - - 0.2 (3.7) (10.9) (16.8) (32.1) (16.8) (32.1) (15.2) (20.8) - - - - - - - 0.00x 0.00x - - - - EBITDA -12.54 Long-Term Rating Date - EBIT -12.60 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.06% Short-Term Rating - Return on Common Equity -9.88% Return on Capital - EBITDA/Interest Exp. -34.03 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -100.44 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -1.51 EBITDA Margin -1325.5% EBIT Margin -1366.1% Total Debt/Equity 5.0% Net Income Margin - Total Debt/Capital 4.3% Asset Turnover 0.00 Current Ratio 5.74 Net Fixed Asset Turnover 0.00 Quick Ratio 5.59 Accounts receivable turnover-days 302.60 Debt to Assets 3.85% Inventory Days - Tot Debt to Common Equity 4.95% Accounts Payable Turnover Day 3549.64 Accounts Receivable Turnover 1.21 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Premier Gold Mines Ltd Price/Volume Valuation Analysis 1'366'168.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type FMR LLC n/a ULT-AGG 19'258'570 12.89 - 31.03.2013 Investment Advisor GCIC LTD/CANADA n/a Co File 13'896'800 9.3 3'271'500 31.10.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 11'579'722 7.75 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 7'832'701 5.24 (10'800) 31.01.2013 Investment Advisor DOWNIE EWAN S n/a SEDI 3'130'601 2.1 7'500 24.04.2013 n/a LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'900'000 1.94 275'000 31.12.2012 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'318'700 0.88 - 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 1'300'423 0.87 1'896 14.05.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'166'300 0.78 (502'900) 31.03.2013 Hedge Fund Manager SHARE SICAV Multiple Portfolios MF-AGG 947'736 0.63 (148'500) 31.12.2012 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 822'618 0.55 163'248 31.12.2012 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 820'314 0.55 - 28.09.2012 Investment Advisor GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 812'900 0.54 - 31.12.2011 Investment Advisor MIDDLEFIELD SECURITI Multiple Portfolios MF-AGG 800'000 0.54 (100'000) 30.04.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 720'847 0.48 54'600 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 705'900 0.47 - 31.12.2012 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 700'000 0.47 10'000 31.12.2012 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 562'437 0.38 - 15.05.2013 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 556'136 0.37 (15'100) 28.09.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 548'899 0.37 - 31.12.2012 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Stifel CRAIG P STANLEY buy 5 M 4 12 month 03.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 6 12 month 23.04.2013 Beacon Securities Ltd MICHAEL CURRAN buy 5 M 6 12 month 19.04.2013 Cantor Fitzgerald ROB CHANG buy 5 M 6 12 month 18.04.2013 Laurentian Bank Securities ERIC LEMIEUX speculative buy 4 M 4 12 month 18.04.2013 CIBC World Markets JEFF KILLEEN sector perform 3 M 7 Not Provided 11.04.2013 Canaccord Genuity Corp STEVEN BUTLER speculative buy 4 M 7 12 month 11.04.2013 Octagon Capital Corporation ANNIE ZHANG speculative buy 4 M 6 12 month 02.04.2013 Stonecap Securities Inc CHRISTOS DOULIS outperform 5 M 6 12 month 28.03.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 5 12 month 12.03.2013 Mackie Research Capital Corp. BARRY D ALLAN speculative buy 4 M #N/A N/A Not Provided 30.01.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013 Holdings By: Premier Gold Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Northern Star Resources Ltd is an Australian Gold Producer with tenement holdings and gold deposits located in the Ashburton - Pilbara Region of Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (26.11.2012) 1.59 52-Week Low (16.05.2012) 0.61 Daily Volume 0.725 52-Week High % Change -54.26% Dividend Yield 4.83 52-Week Low % Change 19.83% Beta 0.66 % 52 Week Price Range High/Low 14.80% Equity Float 373.09 Shares Out 14.05.2013 424.3 Short Int 5.19 307.60 1 Yr Total Return 20.03% Total Debt 9.43 YTD Return -40.64% Preferred Stock 0.0 Adjusted BETA 0.663 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 64.96 Consensus Rating 4.333 Enterprise Value 268.49 Average Volume 5 Day 3'348'683 NST AU EQUITY YTD Change - Average Volume 30 Day 4'402'472 NST AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'275'693 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - - 114.9 99.5 - - 133.9 164.5 - - - - - 1.11x 2.55x - - 1.91x 1.45x - - (0.1) (5.1) (1.3) 45.1 47.5 - - 75.7 92.4 - - - - - 2.83x 5.35x - - 3.55x 2.91x - - (0.1) (4.7) (1.3) 16.3 22.0 - - 33.4 41.1 - - - - - 7.80x 12.62x - - 9.80x 7.80x - - EBITDA 47.49 Long-Term Rating Date - EBIT 30.02 Long-Term Rating - Operating Margin 30.16% Long-Term Outlook - Pretax Margin 31.60% Short-Term Rating Date - Return on Assets 29.17% Short-Term Rating - Return on Common Equity 42.20% Return on Capital 38.16% EBITDA/Interest Exp. 89.78 Asset Turnover 1.05% (EBITDA-Capex)/Interest Exp. 40.79 Net Debt/EBITDA -0.68 Gross Margin 57.3% Total Debt/EBITDA 0.20 EBITDA Margin 50.7% EBIT Margin 34.2% Total Debt/Equity 10.0% Net Income Margin 22.1% Total Debt/Capital 9.1% Asset Turnover 1.05 Current Ratio 3.13 Net Fixed Asset Turnover 2.27 Quick Ratio 2.68 Accounts receivable turnover-days 0.11 Debt to Assets 7.03% Inventory Days 67.11 Tot Debt to Common Equity 9.97% Accounts Payable Turnover Day 67.12 Accounts Receivable Turnover 3404.63 Cash Conversion Cycle -39.98 Inventory Turnover 5.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Northern Star Resources Ltd Price/Volume Valuation Analysis 4'498'099.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 31'535'653 7.43 (230'268) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 26'706'283 6.29 3'981'558 15.05.2013 Investment Advisor INVESTMET LIMITED n/a EXCH 21'946'900 5.17 (18'089'000) 30.11.2012 Corporation PARADICE INVESTMENT n/a EXCH 18'915'010 4.46 (2'872'573) 08.01.2013 Investment Advisor BEAMENT WILLIAM JAME n/a EXCH 12'134'735 2.86 - 30.11.2012 n/a JP MORGAN n/a ULT-AGG 11'803'850 2.78 (1'514'461) 31.03.2013 Investment Advisor FOTIOS MICHAEL GEORG n/a EXCH 7'103'474 1.67 (7'400'000) 30.11.2012 n/a ROWE CHRISTOPHER n/a EXCH 3'986'195 0.94 - 30.11.2012 n/a GCIC LTD/CANADA Multiple Portfolios MF-AGG 3'350'000 0.79 3'350'000 31.12.2012 Investment Advisor MORGAN STANLEY AUSTR n/a EXCH 3'202'580 0.75 (36'529'953) 04.12.2012 Investment Advisor UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'250'000 0.53 - 30.06.2012 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'095'462 0.49 (15'180) 30.09.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 1'638'853 0.39 38'476 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'572'104 0.37 212'438 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'501'596 0.35 - 31.12.2012 Government BROWN KAREN ELIZABET n/a Co File 1'191'666 0.28 - 30.06.2012 n/a MACQUARIE GROUP n/a ULT-AGG 1'168'772 0.28 (310'278) 30.06.2011 Investment Advisor O'CONNOR PETER EDMUN n/a EXCH 850'000 0.2 - 03.12.2012 n/a PARRY RAYMOND JOSEPH n/a Co File 378'334 0.09 - 30.06.2012 n/a OBERWEIS ASSET MANAG Multiple Portfolios MF-AGG 316'200 0.07 316'200 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 1 Not Provided 16.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 1 12 month 08.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Hartleys MIKE MILLIKAN buy 5 M 1 12 month 29.04.2013 Paterson Securities TIM MCCORMACK buy 5 M 1 12 month 29.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 28.02.2013 Holdings By: Northern Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Tanzanian Royalty Exploration Corporation acquires, explores, and develops mineral properties. The Company explores for gold. Latest Fiscal Year: 08/2012 LTM as of: 02/yy 52-Week High (21.09.2012) 5.34 52-Week Low (18.04.2013) 2.42 Daily Volume 2.63 52-Week High % Change -50.75% Dividend Yield - 52-Week Low % Change 8.68% Beta 1.25 % 52 Week Price Range High/Low 7.19% Equity Float 92.75 Shares Out 30.04.2013 100.7 Short Int 8.19 264.79 1 Yr Total Return -26.54% Total Debt 2.07 YTD Return -40.36% Preferred Stock 0.0 Adjusted BETA 1.246 Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 20.06 Consensus Rating - Enterprise Value 256.10 Average Volume 5 Day 277'054 TRX US EQUITY YTD Change - Average Volume 30 Day 472'773 TRX US EQUITY YTD % CHANGE - Average Volume 3 Month 474'072 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 02/yy 02/yy 08/13 Y 08/14 Y 05/13 Q3 08/13 Q4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.9) (3.4) (3.0) (4.3) (5.1) (4.6) (5.0) - - - - - - - - - 0.00x 0.00x - - - - (3.7) (4.7) (3.4) (11.1) (8.9) (14.6) (2.2) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -5.06 Long-Term Rating Date - EBIT -5.44 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -3.52% Short-Term Rating - Return on Common Equity -4.13% Return on Capital - EBITDA/Interest Exp. -49.26 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -133.96 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.21 EBITDA Margin - EBIT Margin - Total Debt/Equity 4.1% Net Income Margin - Total Debt/Capital 3.9% Asset Turnover 0.00 Current Ratio 8.84 Net Fixed Asset Turnover 0.00 Quick Ratio 8.68 Accounts receivable turnover-days - Debt to Assets 3.28% Inventory Days - Tot Debt to Common Equity 4.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Tanzanian Royalty Exploration Corp Price/Volume Valuation Analysis 323'081.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 14'700'030 14.6 1'177'305 15.05.2013 Investment Advisor GEIER GROUP LLC n/a 13G 4'879'743 4.85 (4'801'048) 10.11.2011 Other BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 3'669'696 3.64 (116'921) 28.02.2013 Investment Advisor SINCLAIR JAMES E n/a SEDI 1'885'543 1.87 (1'000) 08.02.2013 n/a BPI GLOBAL INVESTMEN Multiple Portfolios MF-AGG 673'902 0.67 (37'877) 28.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 516'924 0.51 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 498'912 0.5 131'800 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 474'292 0.47 60'200 31.03.2013 Investment Advisor MORROW ROSALIND n/a SEDI 429'429 0.43 5'382 11.03.2013 n/a HARVEY WILLIAM M n/a SEDI 340'090 0.34 7'732 12.04.2013 n/a BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 334'811 0.33 4'654 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 309'070 0.31 - 15.05.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 287'556 0.29 102'344 31.03.2013 Investment Advisor PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 212'810 0.21 250 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 190'479 0.19 22'792 31.03.2013 Investment Advisor LUIS VICTORIA n/a 20F 144'045 0.14 - 31.10.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 141'479 0.14 (4'090) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 124'831 0.12 27'380 31.03.2013 Investment Advisor VAN TONGEREN STEVEN n/a SEDI 124'663 0.12 544 09.05.2013 n/a ALTUS CAPITAL INC ALTUS CAPITAL INC 13F 104'500 0.1 56'500 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Tanzanian Royalty Exploration Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Real Gold Mining Limited mines gold and processes ore into concentrates containing gold and other minerals for subsequent sale. Latest Fiscal Year: 12/2010 LTM as of: 06/yy 52-Week High (16.05.2012) 8.81 52-Week Low (16.05.2012) 8.81 Daily Volume 8.81 52-Week High % Change 0.00% Dividend Yield 0.60 52-Week Low % Change 0.00% Beta 0.33 % 52 Week Price Range High/Low 0.00% Equity Float 429.41 Shares Out 21.09.2011 908.8 Short Int - 8'006.41 1 Yr Total Return 0.00% Total Debt 0.00 YTD Return 0.00% Preferred Stock 0.0 Adjusted BETA 0.329 Minority Interest 135.1 Analyst Recs 1 Cash and Equivalents 2'965.19 Consensus Rating 5.000 Enterprise Value 3'835.93 Average Volume 5 Day 0 246 HK EQUITY YTD Change - Average Volume 30 Day 0 246 HK EQUITY YTD % CHANGE - Average Volume 3 Month 0 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2006 31.12.2007 31.12.2008 31.12.2009 31.12.2010 06/yy 06/yy 12/11 Y 12/12 Y 09/11 Q3 12/11 Q4 - 8.0 312.3 1'011.2 1'368.2 1'185.7 1'523.7 - - - - - - - 5.88x 5.55x 0.00x 0.00x - - - - (0.1) (1.1) 190.4 768.9 1'187.9 0.0 0.0 - - - - - - - 7.73x 6.39x 0.00x 0.00x - - - - (0.1) (2.2) 103.9 526.7 798.0 650.8 831.3 - - - - - - - 13.02x 12.06x 0.00x 0.00x - - - - EBITDA 1'187.92 Long-Term Rating Date - EBIT 1'149.66 Long-Term Rating - Operating Margin 84.03% Long-Term Outlook - Pretax Margin 80.97% Short-Term Rating Date - Return on Assets 19.98% Short-Term Rating - Return on Common Equity 22.56% Return on Capital 22.32% EBITDA/Interest Exp. - Asset Turnover 0.34% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.50 Gross Margin 77.3% Total Debt/EBITDA 0.00 EBITDA Margin 86.8% EBIT Margin 84.0% Total Debt/Equity 0.0% Net Income Margin 58.3% Total Debt/Capital 0.0% Asset Turnover 0.34 Current Ratio 18.07 Net Fixed Asset Turnover 3.23 Quick Ratio 17.99 Accounts receivable turnover-days 8.79 Debt to Assets 0.00% Inventory Days 8.12 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 0.25 Accounts Receivable Turnover 41.52 Cash Conversion Cycle 16.66 Inventory Turnover 44.95 Fiscal Year Ended Real Gold Mining Ltd Price/Volume Valuation Analysis 0.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 10 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 04.01.200804.07.200804.01.200904.07.200904.01.201004.07.201004.01.201104.07.201104.01.201204.07.201204.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type CITIGROUP INCORPORAT n/a EXCH 245'182'757 26.98 - 12.06.2012 Investment Advisor LV DEZHI n/a EXCH 226'250'667 24.9 - 27.09.2012 n/a LEAD HONEST MANAGEME n/a Research 140'000'000 15.41 (234'376'000) 26.09.2012 Other LEAD HONEST MANAGEME n/a Short (126'967'191) -13.97 - 31.12.2011 Other SHI GUANGWEI n/a EXCH 113'125'333 12.45 - 27.09.2012 n/a VALUE PARTNERS GROUP n/a ULT-AGG 77'678'000 8.55 - 26.09.2012 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 19'288'900 2.12 - 15.05.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 17'816'505 1.96 - 31.12.2012 Investment Advisor MANULIFE FUNDS DIREC Multiple Portfolios MF-AGG 16'916'500 1.86 - 30.06.2012 Unclassified OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 10'673'000 1.17 - 31.03.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 9'609'000 1.06 - 28.02.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 7'861'000 0.86 - 31.12.2012 Bank JP MORGAN n/a ULT-AGG 6'089'500 0.67 - 31.12.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 4'499'000 0.5 - 31.01.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 4'353'500 0.48 - 30.06.2011 Investment Advisor DEKA INVESTMENT GMBH Multiple Portfolios MF-AGG 4'103'427 0.45 - 28.12.2012 Investment Advisor FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 2'762'500 0.3 - 02.05.2013 Investment Advisor ALLIANCE BERNSTEIN n/a ULT-AGG 2'500'500 0.28 - 31.03.2013 Investment Advisor CITIGROUP INCORPORAT n/a Short (2'409'129) -0.27 - 12.06.2012 Investment Advisor SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'788'000 0.2 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions TEAM COVERAGE buy 5 N #N/A N/A Not Provided 14.07.2012 BOCOM International Holdings RONGJIN LUO neutral 3 D 9 12 month 03.06.2011 Kingsway SW Securities ZIBO CHEN buy 5 M 19 Not Provided 14.03.2011 Holdings By: Real Gold Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Golden Star Resources Ltd. is a mid-tier gold mining company. The Company's operating mines are situated along the Ashanti Gold Belt in Ghana, West Africa. Latest Fiscal Year: 12/1997 LTM as of: 03/yy 52-Week High (16.10.2012) 2.11 52-Week Low (15.05.2013) 0.66 Daily Volume 0.7 52-Week High % Change -66.82% Dividend Yield 0.00 52-Week Low % Change 6.06% Beta 1.06 % 52 Week Price Range High/Low 2.76% Equity Float 257.69 Shares Out 08.05.2013 259.1 Short Int 12.89 181.37 1 Yr Total Return -44.88% Total Debt 117.48 YTD Return -61.96% Preferred Stock 0.0 Adjusted BETA 1.057 Minority Interest (2.0) Analyst Recs 10 Cash and Equivalents 78.88 Consensus Rating 2.200 Enterprise Value 228.15 Average Volume 5 Day 3'531'699 GSS US EQUITY YTD Change - Average Volume 30 Day 2'504'985 GSS US EQUITY YTD % CHANGE - Average Volume 3 Month 2'193'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 257.4 - 432.7 471.0 550.5 485.5 552.4 481.9 487.2 123.0 123.7 1.43x - 2.72x 0.98x 0.95x 4.31x 3.44x 0.60x 0.58x 1.96x 2.05x 1.8 - 107.6 91.8 124.7 94.4 117.0 77.4 117.8 26.0 27.8 200.09x - 10.93x 5.00x 4.18x 5.74x 3.95x 2.95x 1.94x 2.24x 2.36x (119.3) - (11.2) (2.1) (9.5) 1.1 (25.2) (9.0) 26.7 0.4 2.2 - - - - - 0.00x 0.00x - 8.24x - 21.88x EBITDA 124.67 Long-Term Rating Date - EBIT 25.74 Long-Term Rating - Operating Margin 4.68% Long-Term Outlook - Pretax Margin 1.20% Short-Term Rating Date - Return on Assets -3.45% Short-Term Rating - Return on Common Equity -5.78% Return on Capital - EBITDA/Interest Exp. 12.27 Asset Turnover 0.76% (EBITDA-Capex)/Interest Exp. 3.56 Net Debt/EBITDA 0.43 Gross Margin 9.6% Total Debt/EBITDA 0.95 EBITDA Margin 21.2% EBIT Margin 2.9% Total Debt/Equity 27.1% Net Income Margin -1.7% Total Debt/Capital 21.4% Asset Turnover 0.76 Current Ratio 1.58 Net Fixed Asset Turnover 1.06 Quick Ratio 0.69 Accounts receivable turnover-days 7.91 Debt to Assets 16.18% Inventory Days 61.01 Tot Debt to Common Equity 27.10% Accounts Payable Turnover Day 51.20 Accounts Receivable Turnover 46.13 Cash Conversion Cycle -1.28 Inventory Turnover 5.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Golden Star Resources Ltd Price/Volume Valuation Analysis 3'521'219.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 39'316'268 15.17 3'237'877 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 28'879'600 11.15 (1'359'000) 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 26'830'259 10.35 844'389 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 10'793'356 4.17 723'887 14.05.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 7'898'726 3.05 1'617'352 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'237'500 2.02 5'237'500 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 4'819'436 1.86 (1'475'687) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'558'095 1.76 12'016 31.03.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 4'350'000 1.68 4'350'000 31.03.2013 Hedge Fund Manager WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 3'221'423 1.24 (492'267) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 3'178'325 1.23 (308'600) 31.03.2013 Pension Fund (ERISA) NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'972'612 1.15 (92'341) 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 2'625'741 1.01 - 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'934'059 0.75 - 31.12.2012 Government CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'870'572 0.72 1'267'792 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'795'127 0.69 (50'700) 31.03.2013 Investment Advisor LEGG MASON CAPITAL M Multiple Portfolios MF-AGG 1'467'781 0.57 - 31.03.2013 Investment Advisor PRINCIPAL FINANCIAL n/a ULT-AGG 1'271'090 0.49 (619'837) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'235'376 0.48 (1'024'176) 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'175'635 0.45 455'015 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS underperform 1 D 1 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 1 12 month 13.05.2013 Macquarie PIERRE VAILLANCOURT neutral 3 M 1 12 month 11.05.2013 Raymond James BRAD HUMPHREY market perform 3 M 1 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 2 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 10.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 09.05.2013 CIBC World Markets COSMOS CHIU sector underperform 1 D 1 Not Provided 09.05.2013 Scotia Capital TREVOR TURNBULL sector underperform 1 D 0 12 month 23.04.2013 Holdings By: Golden Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Romarco Minerals, Inc. is an emerging gold producer. The Company's flagship project is the Haile Gold Mine in South Carolina. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.09.2012) 1.40 52-Week Low (15.05.2013) 0.37 Daily Volume 0.37 52-Week High % Change -73.57% Dividend Yield 0.00 52-Week Low % Change 0.00% Beta 1.16 % 52 Week Price Range High/Low 0.00% Equity Float 581.16 Shares Out 30.04.2013 585.4 Short Int 0.44 216.59 1 Yr Total Return -52.56% Total Debt 0.00 YTD Return -51.95% Preferred Stock 0.0 Adjusted BETA 1.165 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 64.78 Consensus Rating 4.167 Enterprise Value 163.39 Average Volume 5 Day 1'072'823 R CN EQUITY YTD Change - Average Volume 30 Day 1'675'935 R CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'412'582 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.6) (7.3) (65.4) (15.3) (11.8) (15.9) (11.6) (8.0) (8.0) - - - - - - - 0.00x 0.00x - - - - (4.5) (7.2) (66.2) (15.7) (11.9) (14.5) (12.0) (7.8) (12.0) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.81 Long-Term Rating Date - EBIT -12.13 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.72% Short-Term Rating - Return on Common Equity -4.88% Return on Capital - EBITDA/Interest Exp. -58.20 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -263.13 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.88 Net Fixed Asset Turnover 0.00 Quick Ratio 5.81 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Romarco Minerals Inc Price/Volume Valuation Analysis 1'066'854.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 148'952'579 25.45 28'585'573 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 46'391'088 7.92 - 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 45'178'500 7.72 (1'398'000) 28.03.2013 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 30'127'000 5.15 - 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 24'008'527 4.1 - 31.12.2012 Government TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 21'188'200 3.62 53'500 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 19'245'100 3.29 85'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 15'429'733 2.64 - 31.03.2013 Investment Advisor COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 11'682'793 2 (147'237) 31.01.2013 Bank TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 11'093'500 1.9 (147'500) 31.12.2012 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 8'551'000 1.46 - 27.12.2012 Hedge Fund Manager GAMCO n/a ULT-AGG 5'550'000 0.95 - 31.12.2012 Unclassified QUANTEX AG Multiple Portfolios MF-AGG 3'750'000 0.64 (100'000) 29.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'000'000 0.51 - 31.12.2012 Bank GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 2'975'080 0.51 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'931'235 0.5 253'000 31.03.2013 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 2'828'384 0.48 (520'200) 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 2'266'700 0.39 - 31.12.2012 Hedge Fund Manager COLONIAL FIRST STATE Multiple Portfolios MF-AGG 1'959'403 0.33 - 19.10.2012 Investment Advisor GARRETT DIANE RENEE n/a SEDI 1'568'000 0.27 31'500 19.04.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial PAOLO LOSTRITTO outperform 5 M 2 12 month 10.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 1 Not Provided 02.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 1 12 month 22.04.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 1 12 month 02.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 2 12 month 11.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 N 2 12 month 28.09.2012 Holdings By: Romarco Minerals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Banro Corporation, through its subsidiary, explores and develops gold properties. The Company currently holds mining permits and mining concessions in the Democratic Republic of Congo in Africa. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 5.03 52-Week Low (07.05.2013) 0.95 Daily Volume 1.09 52-Week High % Change -78.33% Dividend Yield 0.00 52-Week Low % Change 14.74% Beta 1.93 % 52 Week Price Range High/Low 3.43% Equity Float 249.62 Shares Out 30.04.2013 252.1 Short Int 6.26 274.79 1 Yr Total Return -68.86% Total Debt 154.69 YTD Return -60.79% Preferred Stock 0.0 Adjusted BETA 1.928 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 27.05 Consensus Rating 2.833 Enterprise Value 397.49 Average Volume 5 Day 1'884'234 BAA CN EQUITY YTD Change - Average Volume 30 Day 2'152'675 BAA CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'262'718 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 42.6 0.0 75.8 146.0 353.0 32.2 26.9 - - - - 16.23x #DIV/0! 32.93x - - - - (6.2) (7.6) (10.3) (10.2) 6.0 (11.0) 9.4 46.1 164.0 - - - - - - 114.64x 0.00x 0.00x 8.63x 2.42x - - (8.5) (4.8) (3.0) (9.3) (4.6) (11.3) 5.2 15.4 79.3 - - 9.34x - - - - 0.00x 57.06x 18.45x 3.39x 14.27x 6.49x EBITDA 6.03 Long-Term Rating Date - EBIT -2.06 Long-Term Rating - Operating Margin -4.84% Long-Term Outlook - Pretax Margin -10.70% Short-Term Rating Date - Return on Assets -0.86% Short-Term Rating - Return on Common Equity -1.12% Return on Capital - EBITDA/Interest Exp. 2.62 Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -57.93 Net Debt/EBITDA 21.15 Gross Margin 29.2% Total Debt/EBITDA 25.64 EBITDA Margin 14.2% EBIT Margin -4.8% Total Debt/Equity 36.5% Net Income Margin -10.7% Total Debt/Capital 26.8% Asset Turnover 0.08 Current Ratio 1.06 Net Fixed Asset Turnover 0.11 Quick Ratio 0.47 Accounts receivable turnover-days - Debt to Assets 24.33% Inventory Days - Tot Debt to Common Equity 36.54% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Banro Corp Price/Volume Valuation Analysis 1'836'889.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 29'151'624 11.56 - 14.05.2013 Investment Advisor JP MORGAN n/a ULT-AGG 24'223'469 9.61 72'185 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 22'439'310 8.9 - 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 16'010'002 6.35 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 14'067'000 5.58 4'088'200 31.12.2012 Investment Advisor TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 11'716'838 4.65 7'631'297 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 10'721'545 4.25 41'100 31.03.2013 Hedge Fund Manager ACUITY INVESTMENT MA ACUITY INVESTMENT MA 13F 8'156'000 3.24 3'531'100 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 6'252'125 2.48 1'416'340 31.03.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 3'887'474 1.54 (135'897) 28.02.2013 Investment Advisor FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 2'886'582 1.15 (948'300) 28.02.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'466'182 0.98 (6'554'178) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 2'152'177 0.85 (4'660'861) 31.03.2013 Investment Advisor BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 2'026'058 0.8 (41'296) 31.03.2013 Hedge Fund Manager NUVEEN ASSET MANAGEM Multiple Portfolios MF-AGG 1'985'433 0.79 1'699'554 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'944'700 0.77 65'300 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'827'360 0.72 1'827'360 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'438'715 0.57 (865'900) 31.03.2013 Pension Fund (ERISA) RUFFER LLP Multiple Portfolios MF-AGG 1'400'000 0.56 - 27.12.2012 Hedge Fund Manager DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'347'995 0.53 (703'421) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 3 12 month 10.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 2 Not Provided 09.05.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 2 Not Provided 08.05.2013 GMP BROCK SALIER buy 5 M 2 12 month 08.05.2013 Goldman Sachs EUGENE KING Sell/Neutral 1 D 1 12 month 03.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 10.04.2013 Holdings By: Banro Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Colossus Minerals Inc. is a mineral exploration and production company. The Company explores for and develops gold-platinum-palladium properties in Brazil. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (20.09.2012) 6.03 52-Week Low (18.04.2013) 1.73 Daily Volume 1.83 52-Week High % Change -69.65% Dividend Yield 0.00 52-Week Low % Change 5.78% Beta 1.56 % 52 Week Price Range High/Low 2.33% Equity Float 90.39 Shares Out 30.04.2013 107.0 Short Int 3.06 195.72 1 Yr Total Return -50.54% Total Debt 72.14 YTD Return -60.30% Preferred Stock 0.0 Adjusted BETA 1.564 Minority Interest 2.7 Analyst Recs 5 Cash and Equivalents 63.59 Consensus Rating 4.600 Enterprise Value 203.45 Average Volume 5 Day 738'507 CSI CN EQUITY YTD Change - Average Volume 30 Day 1'324'510 CSI CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'460'940 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.07.2008 31.07.2009 31.07.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42.1 287.7 - - - - - - - #DIV/0! #DIV/0! 3.86x -0.06x - - (2.5) (2.7) (9.5) (29.3) (32.9) (29.3) (32.9) 12.1 208.0 (7.0) (7.0) - - - - - 0.00x 0.00x 16.81x 0.98x 16.58x 3.40x (2.3) (4.6) (9.7) (32.1) (30.1) (32.1) (30.1) (6.6) 136.7 (8.7) (8.7) - - - - - 0.00x 0.00x - 2.13x - 5.13x EBITDA -32.86 Long-Term Rating Date - EBIT -33.29 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -11.68% Short-Term Rating - Return on Common Equity -23.01% Return on Capital - EBITDA/Interest Exp. -7.02 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -26.45 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -2.20 EBITDA Margin - EBIT Margin - Total Debt/Equity 62.4% Net Income Margin - Total Debt/Capital 37.9% Asset Turnover 0.00 Current Ratio 4.66 Net Fixed Asset Turnover 0.00 Quick Ratio 4.55 Accounts receivable turnover-days - Debt to Assets 25.80% Inventory Days - Tot Debt to Common Equity 62.37% Accounts Payable Turnover Day 3704.00 Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover 0.00 Fiscal Year Ended Colossus Minerals Inc Price/Volume Valuation Analysis 1'091'766.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ARIAS RESOURCE CAPIT n/a Co File 13'223'900 12.36 - 22.04.2013 Private Equity ACUITY INVESTMENT MA n/a Co File 10'530'371 9.85 - 31.10.2012 Investment Advisor SPROTT ASSET MANAGEM n/a Co File 9'947'500 9.3 (1'572'900) 28.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 9'179'634 8.58 (4'522) 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 4'883'500 4.57 29'000 28.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'860'635 3.61 397'528 31.03.2013 Investment Advisor SUSSMAN ARI B n/a SEDI 1'761'401 1.65 50'000 27.06.2012 n/a MCLEAN BUDDEN LTD Multiple Portfolios MF-AGG 1'457'780 1.36 (41'820) 28.03.2013 Investment Advisor MANULIFE ASSET MANAG Multiple Portfolios MF-AGG 1'093'732 1.02 (58'132) 28.02.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 1'060'133 0.99 4 31.12.2012 Investment Advisor JP MORGAN n/a ULT-AGG 1'049'000 0.98 - 31.12.2012 Investment Advisor KISHIDA AUGUSTO n/a SEDI 958'000 0.9 - 09.08.2012 n/a BLACKROCK n/a ULT-AGG 698'287 0.65 - 14.05.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 525'000 0.49 - 31.12.2012 Investment Advisor DEUTSCHE BANK AG Multiple Portfolios MF-AGG 495'323 0.46 (31'792) 29.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 486'563 0.45 - 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 321'612 0.3 - 28.09.2012 Investment Advisor FROSTIAK JOHN n/a SEDI 229'800 0.21 50'000 16.02.2013 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 207'600 0.19 - 30.11.2012 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 180'500 0.17 - 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 8 12 month 07.05.2013 Stifel CRAIG P STANLEY buy 5 M 4 12 month 03.05.2013 Clarus Securities JAMIE SPRATT speculative buy 4 M 8 12 month 03.05.2013 Macquarie MICHAEL GRAY outperform 5 M 3 12 month 25.04.2013 GMP GEORGE V ALBINO buy 5 M 12 Not Provided 01.04.2013 Holdings By: Colossus Minerals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Rainy River Resources Ltd. is a gold exploration and production company. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (10.10.2012) 6.17 52-Week Low (17.04.2013) 1.97 Daily Volume 2.11 52-Week High % Change -65.80% Dividend Yield 0.00 52-Week Low % Change 7.11% Beta 1.16 % 52 Week Price Range High/Low 3.33% Equity Float 97.77 Shares Out 30.04.2013 100.0 Short Int 0.57 210.94 1 Yr Total Return -38.48% Total Debt 0.13 YTD Return -57.55% Preferred Stock 0.0 Adjusted BETA 1.162 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 102.12 Consensus Rating 4.000 Enterprise Value 108.96 Average Volume 5 Day 511'350 RR CN EQUITY YTD Change - Average Volume 30 Day 563'783 RR CN EQUITY YTD % CHANGE - Average Volume 3 Month 626'941 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.09.2008 30.09.2009 30.09.2010 30.09.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 - - - - - - - #DIV/0! #DIV/0! 113.34x -67.06x - - (2.6) (4.2) (9.1) (16.1) (64.6) (31.6) (45.2) (15.2) (14.5) - - - - - - - 0.00x 0.00x - - - - (1.0) (3.6) (6.8) (13.5) (65.9) (29.6) (57.5) (23.3) (22.9) - - - - - - - 0.00x 0.00x - - - - EBITDA -64.60 Long-Term Rating Date - EBIT -64.98 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -33.90% Short-Term Rating - Return on Common Equity -35.35% Return on Capital - EBITDA/Interest Exp. -10003.84 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -12740.42 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.1% Net Income Margin - Total Debt/Capital 0.1% Asset Turnover 0.00 Current Ratio 15.73 Net Fixed Asset Turnover 0.00 Quick Ratio 15.71 Accounts receivable turnover-days - Debt to Assets 0.08% Inventory Days - Tot Debt to Common Equity 0.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rainy River Resources Ltd Price/Volume Valuation Analysis 351'927.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 9'944'915 9.95 (140'306) 15.05.2013 Investment Advisor SALIDA CAPITAL LP n/a Co File 8'043'070 8.05 (655'430) 30.11.2011 Investment Advisor FMR LLC n/a ULT-AGG 3'380'400 3.38 359'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 3'170'900 3.17 313'000 31.03.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 1'756'100 1.76 - 31.01.2013 Investment Advisor BEREZAN LEO n/a SEDI 1'334'048 1.33 17'000 22.05.2012 n/a QUANTEX AG Multiple Portfolios MF-AGG 830'000 0.83 118'000 29.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 800'000 0.8 800'000 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 623'686 0.62 - 14.05.2013 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 539'677 0.54 - 14.05.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 538'228 0.54 (409'100) 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 461'000 0.46 61'400 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 453'100 0.45 (2'600) 31.12.2012 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 401'000 0.4 - 31.03.2013 Investment Advisor AVERILL STUART ALLAN n/a SEDI 360'000 0.36 5'000 06.02.2013 n/a LAZARIDIS MICHAEL n/a SEDI 355'000 0.36 - 14.03.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 343'467 0.34 - 28.09.2012 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 306'835 0.31 - 15.05.2013 Investment Advisor UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 300'000 0.3 - 30.06.2012 Investment Advisor SOCIETE GENERALE Multiple Portfolios MF-AGG 255'600 0.26 (25'700) 31.12.2012 Bank Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 14.05.2013 Desjardins Securities ADAM MELNYK buy 5 M 6 Not Provided 14.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 8 12 month 14.05.2013 Stifel CRAIG P STANLEY hold 3 M #N/A N/A Not Provided 03.05.2013 Casimir Capital ERIC WINMILL speculative buy 4 M 7 12 month 01.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 6 12 month 23.04.2013 CIBC World Markets JEFF KILLEEN sector perform 3 M 7 Not Provided 12.04.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 5 12 month 11.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 9 12 month 17.09.2012 Holdings By: Rainy River Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Sulliden Gold Corp Ltd. is a mineral exploration company. The Company is focused on the development of its Shahuindo Gold Project located in northern Peru. Latest Fiscal Year: 04/2012 LTM as of: 01/yy 52-Week High (23.08.2012) 1.44 52-Week Low (15.04.2013) 0.66 Daily Volume 0.82 52-Week High % Change -43.13% Dividend Yield 0.00 52-Week Low % Change 24.24% Beta 1.44 % 52 Week Price Range High/Low 20.46% Equity Float 236.50 Shares Out 30.04.2013 270.7 Short Int 0.18 222.01 1 Yr Total Return -10.87% Total Debt 0.00 YTD Return -11.83% Preferred Stock 0.0 Adjusted BETA 1.444 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 47.34 Consensus Rating 4.778 Enterprise Value 202.18 Average Volume 5 Day 1'230'300 SUE CN EQUITY YTD Change - Average Volume 30 Day 964'664 SUE CN EQUITY YTD % CHANGE - Average Volume 3 Month 768'794 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.04.2008 30.04.2009 30.04.2010 30.04.2011 30.04.2012 01/yy 01/yy 04/13 Y 04/14 Y 04/13 Q4 07/13 Q1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.5) - (6.2) (8.8) (11.9) (11.8) (4.3) (5.2) (7.4) - - - - - - - 0.00x 0.00x - - - - (4.2) (2.6) (4.4) (10.3) (13.3) (13.6) (4.9) (3.6) (11.3) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.95 Long-Term Rating Date - EBIT -11.95 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -2.59% Short-Term Rating - Return on Common Equity -2.69% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.05 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 23.62 Net Fixed Asset Turnover 0.00 Quick Ratio 23.62 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Sulliden Gold Corp Ltd Price/Volume Valuation Analysis 2'032'264.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 0.1 0.1 0.2 0.2 0.3 0.3 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type AGNICO-EAGLE MINES L n/a SEDI 26'966'292 9.96 - 09.04.2013 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 18'957'246 7 - 15.05.2013 Investment Advisor ABERDEEN INTERNATION n/a Co File 15'904'572 5.87 - 31.07.2012 Unclassified ROYAL BANK OF CANADA n/a ULT-AGG 9'517'800 3.52 - 31.12.2012 Bank POWER CORP OF CANADA n/a ULT-AGG 5'573'512 2.06 12 31.01.2013 Holding Company FMR LLC n/a ULT-AGG 5'403'200 2 2'332'800 31.03.2013 Investment Advisor BEUTEL GOODMAN & COM Multiple Portfolios MF-AGG 5'166'300 1.91 - 31.03.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 2'907'900 1.07 - 31.01.2013 Investment Advisor ACUITY INVESTMENT MA Multiple Portfolios MF-AGG 2'341'926 0.87 (730'700) 28.09.2012 Investment Advisor BHARTI STAN n/a SEDI 1'563'955 0.58 (325'000) 08.02.2013 n/a FERNANDEZ-CONCHA STU n/a SEDI 1'435'000 0.53 250'000 20.10.2011 n/a COLEMAN JAMES H n/a SEDI 1'108'614 0.41 - 21.10.2011 n/a FIRST TRUST ADVISORS Multiple Portfolios MF-AGG 920'363 0.34 46'526 28.03.2013 Investment Advisor HUMPHREY RAYMOND BRU n/a PROXY 862'978 0.32 - 05.09.2012 n/a MOORE GEOFFREY S n/a SEDI 829'423 0.31 100'000 04.10.2012 n/a UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 800'000 0.3 - 30.06.2012 Investment Advisor FRONT BARNETT ASSOCI FRONT BARNETT ASSOCI 13F 609'700 0.23 - 31.03.2013 Investment Advisor AMIREAULT STEPHANE n/a SEDI 516'500 0.19 200'000 30.03.2013 n/a SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 510'000 0.19 - 28.02.2013 Investment Advisor NCF SOC ADMIN DE FON Multiple Portfolios MF-AGG 375'000 0.14 - 03.08.2011 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial STEPHEN PARSONS outperform 5 M 2 12 month 10.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 2 12 month 22.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 1 Not Provided 16.04.2013 Desjardins Securities ADAM MELNYK buy 5 M 2 Not Provided 16.04.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 Not Provided 16.04.2013 GMP GEORGE V ALBINO buy 5 M 2 12 month 16.04.2013 Kallpa Securities SAB HUMBERTO LEON overweight 5 M 2 12 month 12.04.2013 Mine2Capital Inc ALKA SINGH buy 5 N 2 Not Provided 24.12.2012 Holdings By: Sulliden Gold Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Asanko Gold Inc. is a gold development company focussing on near term gold production at its Esaase gold project in Ghana, West Africa. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (09.11.2012) 4.39 52-Week Low (14.05.2013) 2.25 Daily Volume 2.35 52-Week High % Change -46.47% Dividend Yield 0.00 52-Week Low % Change 4.44% Beta 1.42 % 52 Week Price Range High/Low 4.67% Equity Float 75.26 Shares Out 30.04.2013 85.0 Short Int 0.19 199.83 1 Yr Total Return -11.65% Total Debt 0.00 YTD Return -40.51% Preferred Stock 0.0 Adjusted BETA 1.419 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 197.61 Consensus Rating 3.750 Enterprise Value 10.42 Average Volume 5 Day 292'320 AKG CN EQUITY YTD Change - Average Volume 30 Day 216'864 AKG CN EQUITY YTD % CHANGE - Average Volume 3 Month 261'308 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (4.0) (3.2) (6.3) (38.4) (35.6) (49.2) (31.2) (10.6) (12.9) - - - - - - - 0.00x 0.00x - - - - (4.2) (3.7) (6.4) (34.9) (38.2) (41.4) (21.6) (11.7) (20.1) - - - - - - - 0.00x 0.00x - - - - EBITDA -35.61 Long-Term Rating Date - EBIT -36.23 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.07% Short-Term Rating - Return on Common Equity -8.49% Return on Capital - EBITDA/Interest Exp. -628.60 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -658.98 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 41.24 Net Fixed Asset Turnover 0.00 Quick Ratio 41.05 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Asanko Gold Inc Price/Volume Valuation Analysis 296'687.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'900'057 10.47 840'782 15.05.2013 Investment Advisor HIGHLAND PARK SA n/a SEDI 8'191'174 9.63 - 13.11.2012 Other BLACKROCK n/a ULT-AGG 5'720'748 6.73 - 14.05.2013 Investment Advisor BEUTEL GOODMAN & COM n/a 13G 5'457'500 6.42 477'500 31.12.2012 Investment Advisor SPROTT INC n/a 13G 3'702'527 4.35 (546'938) 31.12.2012 Hedge Fund Manager POWER CORP OF CANADA n/a ULT-AGG 3'640'600 4.28 1'480'300 31.03.2013 Holding Company JP MORGAN n/a ULT-AGG 3'234'225 3.8 - 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 3'195'867 3.76 (506'660) 31.03.2013 Hedge Fund Manager IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'248'900 1.47 382'700 31.12.2012 Investment Advisor SALI ROBERT J n/a SEDI 830'000 0.98 150'000 16.05.2012 n/a ROYAL BANK OF CANADA n/a ULT-AGG 690'256 0.81 21'712 31.03.2013 Bank GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 606'745 0.71 606'745 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 566'900 0.67 476'900 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 501'083 0.59 356'659 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 451'000 0.53 - 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 436'649 0.51 69'400 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 371'976 0.44 131'309 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 350'000 0.41 - 27.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 267'599 0.31 (12'274) 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 261'112 0.31 - 15.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets JEFF KILLEEN sector perform 3 M 4 12 month 15.05.2013 Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 4 12 month 15.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 6 12 month 15.05.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 3 Not Provided 14.05.2013 RBC Capital Markets JONATHAN GUY sector perform 3 M 3 12 month 14.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 5 Not Provided 14.05.2013 Jennings Capital DAN HRUSHEWSKY buy 5 M 5 12 month 14.05.2013 Scotia Capital LEILY OMOUMI sector perform 3 M 5 12 month 23.04.2013 Holdings By: Asanko Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Bear Creek Mining Corporation acquires and explores mineral properties. The Company is currently conducting silver and gold exploration activities on its prospects located in Peru. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (01.10.2012) 3.81 52-Week Low (15.05.2013) 1.81 Daily Volume 1.85 52-Week High % Change -51.44% Dividend Yield 0.00 52-Week Low % Change 2.21% Beta 1.08 % 52 Week Price Range High/Low 2.00% Equity Float 75.40 Shares Out 30.04.2013 92.2 Short Int 0.06 170.61 1 Yr Total Return -23.24% Total Debt 0.00 YTD Return -45.10% Preferred Stock 0.0 Adjusted BETA 1.082 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 68.45 Consensus Rating 4.000 Enterprise Value 99.08 Average Volume 5 Day 104'810 BCM CN EQUITY YTD Change - Average Volume 30 Day 147'478 BCM CN EQUITY YTD % CHANGE - Average Volume 3 Month 144'536 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (16.5) (8.7) (16.8) (29.5) (31.2) (29.5) (31.2) (19.4) (21.7) - - - - - - - 0.00x 0.00x - - - - (18.1) (8.7) (16.3) (29.7) (31.0) (29.7) (31.0) (19.1) (18.1) - - - - - - - 0.00x 0.00x - - - - EBITDA -31.20 Long-Term Rating Date - EBIT -31.32 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -19.68% Short-Term Rating - Return on Common Equity -20.20% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 32.85 Net Fixed Asset Turnover 0.00 Quick Ratio 32.66 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Bear Creek Mining Corp Price/Volume Valuation Analysis 123'278.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 1.8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SILVER WHEATON CORP n/a PROXY 13'264'305 14.38 - 17.04.2012 Corporation TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 9'422'575 10.22 20'000 31.03.2013 Hedge Fund Manager SPROTT INC #N/A N/A Co File 9'042'064 9.8 (729'993) 30.04.2013 Hedge Fund Manager ATLANTIC INVESTMENT ATLANTIC INVESTMENT 13F 8'584'360 9.31 216'810 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'067'572 6.58 - 15.05.2013 Investment Advisor ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 1'542'800 1.67 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'267'900 1.37 23'200 14.05.2013 Investment Advisor KEM CAPITAL LLC n/a SEDI 1'081'262 1.17 - 21.03.2012 Investment Advisor MCLEOD-SELTZER CATHE n/a PROXY 966'562 1.05 - 17.04.2012 n/a SWARTHOUT ANDREW n/a SEDI 879'592 0.95 5'000 06.12.2012 n/a VANGUARD GROUP INC Multiple Portfolios MF-AGG 750'000 0.81 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 660'000 0.72 - 31.12.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 559'000 0.61 - 28.02.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 457'000 0.5 - 31.03.2013 Investment Advisor DE WITT DAVID E n/a PROXY 375'650 0.41 - 17.04.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 240'867 0.26 - 28.09.2012 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 204'600 0.22 - 28.09.2012 Investment Advisor DEAN COREY M n/a SEDI 185'000 0.2 35'000 11.11.2010 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 146'500 0.16 20'100 28.02.2013 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 132'000 0.14 - 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP speculative outperform 4 M 3 Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 5 12 month 07.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 4 12 month 24.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 4 12 month 04.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 6 12 month 16.11.2011 Holdings By: Bear Creek Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Paramount Gold and Silver Corporation explores for precious metals in Mexico. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 2.82 52-Week Low (10.05.2013) 1.34 Daily Volume 1.38 52-Week High % Change -51.06% Dividend Yield - 52-Week Low % Change 2.99% Beta 1.15 % 52 Week Price Range High/Low 2.70% Equity Float 123.65 Shares Out 03.05.2013 155.5 Short Int 15.71 214.63 1 Yr Total Return -31.34% Total Debt 0.00 YTD Return -40.52% Preferred Stock 0.0 Adjusted BETA 1.153 Minority Interest 0.0 Analyst Recs 1 Cash and Equivalents 20.00 Consensus Rating 5.000 Enterprise Value 200.34 Average Volume 5 Day 534'754 PZG US EQUITY YTD Change - Average Volume 30 Day 847'838 PZG US EQUITY YTD % CHANGE - Average Volume 3 Month 849'763 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 0.0 0.0 0.0 0.2 0.1 0.1 0.1 - - - - - - - 2370.69x 4555.15x 14099.12x 17031.05x - - - - (18.8) (7.3) (8.6) (11.6) (17.9) (15.9) (13.1) (8.0) (8.0) - - - - - - - 0.00x 0.00x - - - - (18.4) (7.2) (5.4) (28.5) (12.1) (3.7) (8.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -17.95 Long-Term Rating Date - EBIT -18.02 Long-Term Rating - Operating Margin -24647.56% Long-Term Outlook - Pretax Margin -16534.40% Short-Term Rating Date - Return on Assets -16.27% Short-Term Rating - Return on Common Equity -19.70% Return on Capital - EBITDA/Interest Exp. -1685.54 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1699.47 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin -29165.2% EBIT Margin -29280.4% Total Debt/Equity 0.0% Net Income Margin -16534.4% Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 1.82 Net Fixed Asset Turnover 0.00 Quick Ratio 1.77 Accounts receivable turnover-days 7443.11 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.05 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Paramount Gold and Silver Corp Price/Volume Valuation Analysis 571'396.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type FCMI FINANCIAL CORP n/a 13D 24'444'234 15.72 1'170'732 12.03.2013 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 9'548'229 6.14 1'257'651 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 6'329'298 4.07 (110'324) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 5'522'962 3.55 451'575 14.05.2013 Investment Advisor CRUPI CHRISTOPHER n/a Form 4 3'992'766 2.57 29'500 17.04.2013 n/a STATE STREET n/a ULT-AGG 2'108'527 1.36 (484) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'491'776 0.96 (100'804) 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'042'771 0.67 325'683 31.03.2013 Investment Advisor FRONK RUDI P n/a SEDI 1'025'000 0.66 800'000 10.01.2011 n/a ROTHSCHILD & COMPAGN Multiple Portfolios MF-AGG 1'000'000 0.64 - 31.01.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 602'058 0.39 310'380 31.03.2013 Investment Advisor MACKELLER IAN n/a 424B 577'500 0.37 - 19.04.2012 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 577'010 0.37 (43'050) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 575'246 0.37 9'087 31.03.2013 Investment Advisor AMERICAN INTERNATION n/a ULT-AGG 551'119 0.35 88'565 31.03.2013 Government PORTER PARTNERS LP n/a 424B 446'250 0.29 - 19.04.2012 Other BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 444'859 0.29 (4'130) 31.03.2013 Investment Advisor BARD ASSOCIATES INC BARD ASSOCIATES INC 13F 417'050 0.27 (3'400) 31.03.2013 Investment Advisor TALKOT CAPITAL LLC TALKOT CAPITAL LLC 13F 400'000 0.26 - 31.03.2013 Hedge Fund Manager KENNEDY SHAWN M n/a Form 4 364'735 0.23 (59'011) 04.03.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 4 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS not rated #N/A N/A M #N/A N/A Not Provided 24.04.2013 Holdings By: Paramount Gold and Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Kirkland Lake Gold, Inc. is an operating gold mining company located in Ontario, Canada. The Company owns the Macassa Mine and mill and several contiguous gold producing properties. Kirkland Lake is developing a lode gold deposit. Latest Fiscal Year: 04/2012 LTM as of: 01/yy 52-Week High (23.08.2012) 14.57 52-Week Low (17.04.2013) 2.64 Daily Volume 3.5 52-Week High % Change -75.98% Dividend Yield 0.00 52-Week Low % Change 32.58% Beta 1.56 % 52 Week Price Range High/Low 7.21% Equity Float 60.80 Shares Out 30.04.2013 70.2 Short Int 9.16 245.53 1 Yr Total Return -65.92% Total Debt 8.83 YTD Return -40.17% Preferred Stock 0.0 Adjusted BETA 1.561 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 30.17 Consensus Rating 4.100 Enterprise Value 306.11 Average Volume 5 Day 732'457 KGI CN EQUITY YTD Change - Average Volume 30 Day 857'968 KGI CN EQUITY YTD % CHANGE - Average Volume 3 Month 778'693 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.04.2008 30.04.2009 30.04.2010 30.04.2011 30.04.2012 01/yy 01/yy 04/13 Y 04/14 Y 04/13 Q4 07/13 Q1 41.4 43.5 51.2 103.3 159.8 149.6 139.2 156.7 262.9 49.7 45.5 9.87x 10.98x 9.15x 9.01x 5.53x 22.77x 20.90x 2.24x 1.28x 6.98x 7.38x (1.0) (6.8) (7.6) 26.4 55.7 49.3 24.5 31.6 104.3 22.8 10.0 - - - 35.24x 15.86x 24.58x 19.82x 9.68x 2.94x 4.89x 5.40x (3.3) (10.5) (12.3) 19.9 41.3 45.1 (9.8) 2.8 43.1 18.0 4.9 - - - 48.55x 22.63x 38.76x 0.00x 437.50x 6.48x 7.20x 6.86x EBITDA 55.73 Long-Term Rating Date - EBIT 41.94 Long-Term Rating - Operating Margin 26.24% Long-Term Outlook - Pretax Margin 26.48% Short-Term Rating Date - Return on Assets -2.83% Short-Term Rating - Return on Common Equity -4.15% Return on Capital -11.87% EBITDA/Interest Exp. 224.70 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -62.85 Net Debt/EBITDA 2.48 Gross Margin 38.5% Total Debt/EBITDA 6.07 EBITDA Margin 17.6% EBIT Margin 5.4% Total Debt/Equity 3.8% Net Income Margin 25.8% Total Debt/Capital 3.7% Asset Turnover 0.40 Current Ratio 2.09 Net Fixed Asset Turnover 0.56 Quick Ratio 1.48 Accounts receivable turnover-days 13.94 Debt to Assets 3.27% Inventory Days 53.02 Tot Debt to Common Equity 3.79% Accounts Payable Turnover Day 82.70 Accounts Receivable Turnover 26.25 Cash Conversion Cycle -22.72 Inventory Turnover 6.90 Fiscal Year Ended Kirkland Lake Gold Inc Price/Volume Valuation Analysis 687'448.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 16 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 01.05.2009 01.11.2009 01.05.2010 01.11.2010 01.05.2011 01.11.2011 01.05.2012 01.11.2012 01.05.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type RESOLUTE FUNDS LTD n/a RNS-MAJ 4'950'000 7.06 557'500 19.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 4'643'659 6.62 - 15.05.2013 Investment Advisor OPPENHEIMERFUNDS INC n/a Research 4'160'300 5.93 - 01.01.2013 Investment Advisor DOBSON DAVID HARRY n/a Research 3'765'000 5.37 - 01.01.2013 n/a INVESTEC ASSET MANAG n/a Research 3'469'303 4.95 - 01.01.2013 Investment Advisor HORIZON INVESTMENTS n/a Research 3'153'493 4.5 - 01.01.2013 Investment Advisor JP MORGAN n/a ULT-AGG 2'804'148 4 (551'900) 01.01.2013 Investment Advisor MILTON GEORGE A n/a SEDI 2'723'036 3.88 40'000 13.01.2012 n/a COLUMBIA WANGER ASSE n/a Research 2'525'000 3.6 - 01.01.2013 Investment Advisor IA MICHAEL INVESTMEN Multiple Portfolios MF-AGG 2'300'000 3.28 2'300'000 31.12.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 1'700'000 2.42 1'475'000 28.02.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'647'411 2.35 - 31.12.2012 Government ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 1'611'100 2.3 (38'500) 31.03.2013 Investment Advisor SPROTT INC n/a Research 1'577'666 2.25 - 31.12.2012 Hedge Fund Manager HINCHCLIFFE BRIAN A n/a PROXY 1'113'000 1.59 - 05.09.2012 n/a GAMCO n/a ULT-AGG 905'000 1.29 396'600 31.12.2012 Unclassified MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 708'690 1.01 - 28.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 706'000 1.01 (85'000) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 578'251 0.82 788 14.05.2013 Investment Advisor EMPIRE LIFE INSURANC Multiple Portfolios MF-AGG 544'236 0.78 76'236 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL SIPERCO outperform 5 U 5 12 month 15.05.2013 Mirabaud Securities RICHARD MORGAN speculative buy 4 M 10 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 7 Not Provided 14.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 6 12 month 14.05.2013 Desjardins Securities ADAM MELNYK buy 5 M 9 Not Provided 14.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 8 Not Provided 14.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 18 12 month 14.05.2013 Panmure Gordon & Co Limited ALISON TURNER buy 5 M 8 Not Provided 14.05.2013 Investec HUNTER HILLCOAT buy 5 M 11 12 month 18.04.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Kirkland Lake Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Guyana Goldfields Inc. is a metals exploration company. The Company is primarily exploring for gold in Guyana. Latest Fiscal Year: 10/2012 LTM as of: 01/yy 52-Week High (14.01.2013) 4.40 52-Week Low (15.05.2013) 1.50 Daily Volume 1.52 52-Week High % Change -65.45% Dividend Yield 0.00 52-Week Low % Change 1.33% Beta 1.58 % 52 Week Price Range High/Low 0.69% Equity Float 118.37 Shares Out 30.04.2013 126.1 Short Int 2.49 191.71 1 Yr Total Return -14.12% Total Debt 0.00 YTD Return -51.59% Preferred Stock 0.0 Adjusted BETA 1.579 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 37.62 Consensus Rating 4.400 Enterprise Value 161.24 Average Volume 5 Day 243'939 GUY CN EQUITY YTD Change - Average Volume 30 Day 521'969 GUY CN EQUITY YTD % CHANGE - Average Volume 3 Month 594'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.10.2008 31.10.2009 31.10.2010 31.10.2011 31.10.2012 01/yy 01/yy 10/13 Y 10/14 Y 04/13 Q2 07/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 414.0 - - - - - - - #DIV/0! #DIV/0! - - - - (3.4) (4.9) (7.7) (9.8) (8.0) (7.8) (8.3) (10.5) (10.5) - - - - - - - 0.00x 0.00x - - - - (12.5) (6.7) (6.3) (5.1) (9.8) (10.1) (9.5) (9.8) (10.5) - - - - - - - 0.00x 0.00x - - - - EBITDA -8.04 Long-Term Rating Date - EBIT -8.07 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.88% Short-Term Rating - Return on Common Equity -4.94% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 16.74 Net Fixed Asset Turnover 0.00 Quick Ratio 16.74 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Guyana Goldfields Inc Price/Volume Valuation Analysis 340'152.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BAUPOST GROUP LLC n/a SEDI 24'878'669 19.73 - 28.02.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 23'104'950 18.32 (529'600) 28.03.2013 Investment Advisor ACUITY INVESTMENT MA n/a Co File 8'051'804 6.38 (3'647'450) 30.11.2010 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'878'198 6.25 - 15.05.2013 Investment Advisor SHERIDAN JR JOHN PAT n/a SEDI 6'600'103 5.23 345'000 22.02.2013 n/a FMR LLC n/a ULT-AGG 5'032'198 3.99 299'858 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'300'000 1.82 500'000 31.12.2012 Investment Advisor FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 1'831'603 1.45 995'700 30.09.2012 Hedge Fund Manager NORGES BANK Multiple Portfolios MF-AGG 1'513'804 1.2 - 31.12.2012 Government SPROTT INC Multiple Portfolios MF-AGG 1'237'322 0.98 (310'000) 31.12.2012 Hedge Fund Manager CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'166'650 0.92 1'166'650 29.03.2013 Investment Advisor RAIFFEISEN KAPITALAN Multiple Portfolios MF-AGG 981'800 0.78 981'800 31.01.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 950'000 0.75 - 29.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 597'180 0.47 149'549 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 590'000 0.47 - 31.03.2013 Investment Advisor MMA INVESTMENT MANAG Multiple Portfolios MF-AGG 550'000 0.44 - 31.12.2011 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 550'000 0.44 (2'988'804) 31.12.2012 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 330'000 0.26 - 28.09.2012 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 300'000 0.24 16'000 31.12.2012 Investment Advisor FERRY ALAN L H n/a SEDI 228'000 0.18 - 23.04.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 5 12 month 24.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 5 12 month 22.04.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 5 Not Provided 15.04.2013 Casimir Capital STUART MCDOUGALL speculative buy 4 M 8 12 month 09.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 D 4 12 month 06.03.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 U 6 12 month 15.01.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 9 12 month 15.01.2013 Salman Partners DAVID WEST buy 5 M 6 12 month 14.01.2013 Holdings By: Guyana Goldfields Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Highland Gold Mining Limited is a holding company for a group of companies which own operating and development assets in the Russian gold mining industry. The Group's gold mining assets are located in the Far East of the Russian Federation. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (21.09.2012) 128.91 52-Week Low (17.04.2013) 75.50 Daily Volume 80.75 52-Week High % Change -37.36% Dividend Yield 7.88 52-Week Low % Change 6.95% Beta 0.93 % 52 Week Price Range High/Low 12.17% Equity Float 63.68 Shares Out 31.12.2012 325.2 Short Int - 262.62 1 Yr Total Return -21.39% Total Debt 8.75 YTD Return -13.26% Preferred Stock 0.0 Adjusted BETA 0.934 Minority Interest 2.2 Analyst Recs 12 Cash and Equivalents 61.35 Consensus Rating 4.167 Enterprise Value 349.03 Average Volume 5 Day 676'787 HGM LN EQUITY YTD Change - Average Volume 30 Day 649'738 HGM LN EQUITY YTD % CHANGE - Average Volume 3 Month 892'906 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 149.1 164.7 243.6 300.2 351.8 - - 386.0 452.9 - - 1.02x 2.05x 3.16x 2.75x 1.31x - - 1.36x 1.25x - - 38.7 56.5 120.3 156.5 162.2 - - 162.4 194.4 - - 3.92x 5.97x 6.40x 5.27x 2.83x - - 2.15x 1.80x - - (232.4) 78.8 122.3 103.8 122.9 - - 88.3 104.7 - - - 5.92x 7.81x 9.14x 4.15x - - 4.42x 3.85x - - EBITDA 162.15 Long-Term Rating Date - EBIT 125.34 Long-Term Rating - Operating Margin 35.63% Long-Term Outlook - Pretax Margin 43.67% Short-Term Rating Date - Return on Assets 14.63% Short-Term Rating - Return on Common Equity 16.59% Return on Capital 16.59% EBITDA/Interest Exp. 123.31 Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. 28.23 Net Debt/EBITDA -0.32 Gross Margin 41.6% Total Debt/EBITDA 0.05 EBITDA Margin 46.1% EBIT Margin 35.6% Total Debt/Equity 1.1% Net Income Margin 34.9% Total Debt/Capital 1.1% Asset Turnover 0.42 Current Ratio 5.40 Net Fixed Asset Turnover 0.77 Quick Ratio 2.12 Accounts receivable turnover-days 8.43 Debt to Assets 0.96% Inventory Days 112.73 Tot Debt to Common Equity 1.11% Accounts Payable Turnover Day 13.09 Accounts Receivable Turnover 43.40 Cash Conversion Cycle 108.07 Inventory Turnover 3.25 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Highland Gold Mining Ltd Price/Volume Valuation Analysis 45'292.00 Current Price (5/dd/yy) Market Data 0 20 40 60 80 100 120 140 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type MILLHOUSE LLC n/a Co File 105'910'000 32.57 - 18.04.2011 Holding Company BARRICK GOLD CORP n/a Co File 66'235'264 20.37 - 18.04.2011 Corporation SHVIDLER EVGENY MARK n/a RNS-DIR 28'057'794 8.63 2'037'794 13.07.2012 n/a PROTSVETANIYE HOLDIN n/a RNS-MAJ 22'879'845 7.04 3'371'722 24.04.2013 Holding Company JP MORGAN n/a ULT-AGG 20'996'780 6.46 (254'398) 31.03.2013 Investment Advisor KOULAKOV IVAN EUGENE n/a Co File 17'552'500 5.4 - 26.04.2011 n/a HAKANSSON PETER ELAM n/a RNS-MAJ 11'101'386 3.41 - 30.04.2012 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 10'838'123 3.33 - 15.05.2013 Investment Advisor LANCRENAN INVESTMENT n/a RNS-MAJ 9'786'032 3.01 - 12.04.2013 Unclassified NORGES BANK Multiple Portfolios MF-AGG 9'094'169 2.8 - 31.12.2012 Government EAST CAPITAL ASSET M Multiple Portfolios MF-AGG 8'062'000 2.48 (27'000) 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 5'496'428 1.69 - 28.02.2013 Investment Advisor FLEMING FAMILY & PAR n/a RNS-MAJ 4'211'883 1.3 (10'700'000) 29.09.2010 Investment Advisor LEGAL & GENERAL n/a ULT-AGG 1'977'736 0.61 - 31.01.2013 Unclassified BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 1'850'620 0.57 1'850'620 31.01.2013 Investment Advisor URALSIB JSC Multiple Portfolios MF-AGG 1'580'000 0.49 1'580'000 31.05.2012 Investment Advisor DWS FINANZ SERVICE G Multiple Portfolios MF-AGG 1'384'600 0.43 - 20.08.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'244'701 0.38 (55'688) 14.05.2013 Investment Advisor PARVEST INVESTMENT M Multiple Portfolios MF-AGG 900'000 0.28 - 30.11.2012 Investment Advisor CARNEGIE ASSET MANAG Multiple Portfolios MF-AGG 830'000 0.26 - 30.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets JONATHAN GUY sector perform 3 M 120 12 month 24.04.2013 Otkritie Capital ANDY JONES buy 5 M 122 Not Provided 24.04.2013 Numis Securities Ltd CAILEY BARKER buy 5 M 170 Not Provided 23.04.2013 Westhouse Securities NICK HATCH buy 5 M 135 12 month 23.04.2013 VSA Capital Ltd CHARLIE LONG buy 5 M 175 12 month 16.04.2013 Uralsib VALENTINA BOGOMOLOVA hold 3 M 131 Not Provided 09.04.2013 VTB Capital NIKOLAY SOSNOVSKIY sell 1 D 82 12 month 04.04.2013 Alfa-Bank BARRY EHRLICH equalweight 3 M 126 Not Provided 26.02.2013 Sberbank CIB MIKHAIL STISKIN buy 5 M 183 Not Provided 25.02.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Aton LLC ILYA MAKAROV buy 5 M 136 12 month 28.06.2012 Holdings By: Highland Gold Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Indophil Resources NL is a mineral exploration company that acquires, explores and develops gold and copper-gold resources in the Asia-Pacific region. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (28.05.2012) 0.40 52-Week Low (22.11.2012) 0.22 Daily Volume 0.25 52-Week High % Change -37.50% Dividend Yield 0.00 52-Week Low % Change 16.28% Beta 1.05 % 52 Week Price Range High/Low 40.54% Equity Float 668.60 Shares Out 31.12.2012 1'203.1 Short Int 0.70 300.79 1 Yr Total Return -32.43% Total Debt 0.00 YTD Return 4.17% Preferred Stock 0.0 Adjusted BETA 1.053 Minority Interest 0.0 Analyst Recs 1 Cash and Equivalents 235.04 Consensus Rating 5.000 Enterprise Value 65.75 Average Volume 5 Day 254'973 IRN AU EQUITY YTD Change - Average Volume 30 Day 464'589 IRN AU EQUITY YTD % CHANGE - Average Volume 3 Month 956'380 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - - - - - - - - - (20.8) (17.1) (7.7) (7.9) (17.7) - - - - - - - - - - - - - - - - - (14.8) (10.6) 2.3 1.0 5.5 - - - - - - - - 196.30x 319.23x 52.17x - - - - - - EBITDA -17.66 Long-Term Rating Date - EBIT -17.70 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets 1.16% Short-Term Rating - Return on Common Equity 1.17% Return on Capital 1.17% EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 104.48 Net Fixed Asset Turnover 0.00 Quick Ratio 103.72 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Indophil Resources NL Price/Volume Valuation Analysis 848'744.00 Current Price (5/dd/yy) Market Data 0 0 0 0 0 0 0 0 0 0 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type ALSONS DEVELOPMENT & n/a EXCH 240'508'334 19.99 141'041'667 06.02.2012 Corporation GLENCORE XSTRATA PLC n/a ULT-AGG 157'189'422 13.06 - 06.02.2012 Corporation L1 CAPITAL PTY LTD n/a EXCH 77'094'557 6.41 (12'125'963) 10.04.2013 Investment Advisor BANK OF AMERICA CORP n/a EXCH 59'777'753 4.97 (11'905'784) 28.08.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 53'395'800 4.44 - 15.05.2013 Investment Advisor UBS n/a ULT-AGG 52'235'438 4.34 - 17.06.2011 Unclassified SAN MIGUEL CORP n/a EXCH 48'016'960 3.99 - 17.06.2011 Corporation MORGAN STANLEY n/a EXCH 26'097'859 2.17 (27'664'747) 10.10.2011 Investment Advisor ACORN CAPITAL LTD n/a EXCH 20'419'416 1.7 - 09.02.2012 Investment Advisor UNISUPER n/a EXCH 19'610'481 1.63 - 09.02.2012 Other WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 16'200'000 1.35 - 30.06.2011 Investment Advisor SUNSUPER FUND n/a EXCH 13'290'433 1.1 - 09.02.2012 Other HEALTH SUPER n/a EXCH 9'408'868 0.78 - 09.02.2012 Other MICROCAP INVESTMENT n/a EXCH 9'086'904 0.76 - 09.02.2012 Other CBA OFFICERS SUPER F n/a EXCH 8'280'549 0.69 - 09.02.2012 Other FMR LLC n/a ULT-AGG 7'192'750 0.6 - 31.10.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'608'073 0.47 - 31.01.2013 Investment Advisor QLD LOCAL GOVT SUPER n/a EXCH 5'326'550 0.44 - 09.02.2012 Other NORGES BANK Multiple Portfolios MF-AGG 5'286'123 0.44 - 31.12.2012 Government AUSCOAL SUPER FUND n/a EXCH 4'856'892 0.4 - 09.02.2012 Other Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 02.04.2013 Holdings By: Indophil Resources NL All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Lydian International, Ltd. is a gold focused mineral exploration and development company. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (05.09.2012) 2.56 52-Week Low (17.04.2013) 1.43 Daily Volume 1.48 52-Week High % Change -42.19% Dividend Yield 0.00 52-Week Low % Change 3.50% Beta 1.33 % 52 Week Price Range High/Low 4.42% Equity Float 102.55 Shares Out 30.04.2013 130.2 Short Int 0.56 192.66 1 Yr Total Return -26.73% Total Debt 0.00 YTD Return -29.19% Preferred Stock 0.0 Adjusted BETA 1.332 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 20.11 Consensus Rating 4.778 Enterprise Value 104.28 Average Volume 5 Day 244'825 LYD CN EQUITY YTD Change - Average Volume 30 Day 257'206 LYD CN EQUITY YTD % CHANGE - Average Volume 3 Month 360'491 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - - - 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - - - (3.4) - - (3.6) (2.9) (8.9) (5.0) - - - - - - - 0.00x 0.00x - - - - - (1.9) (5.9) (5.9) (6.4) (5.9) (6.4) (13.2) (5.4) - - - - - - - 0.00x 0.00x - - - - EBITDA - Long-Term Rating Date - EBIT -5.92 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -14.30% Short-Term Rating - Return on Common Equity -16.44% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.62 Net Fixed Asset Turnover 0.00 Quick Ratio 5.51 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Lydian International Ltd Price/Volume Valuation Analysis 433'244.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 13'148'278 10.1 - 15.05.2013 Investment Advisor INTERNATIONAL FINANC n/a SEDI 10'309'771 7.92 - 28.03.2013 Government EUROPEAN BANK FOR RE n/a Research 9'038'780 6.94 1'419'732 29.03.2012 Bank NEWMONT MINING CORP n/a SEDI 8'650'000 6.65 500'000 24.09.2010 Corporation FRANKLIN RESOURCES n/a ULT-AGG 5'775'000 4.44 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 3'790'000 2.91 1'890'000 31.12.2012 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 2'351'900 1.81 - 31.12.2012 Bank INVESCO LTD n/a ULT-AGG 2'000'000 1.54 - 31.12.2012 Investment Advisor HAYK ALOYAN n/a SEDI 1'791'500 1.38 2'000 22.02.2013 n/a FMR LLC n/a ULT-AGG 1'625'300 1.25 100'000 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'567'700 1.2 392'600 31.01.2013 Holding Company HENDERSON MARC C n/a SEDI 1'502'500 1.15 (100'000) 12.03.2013 n/a MULLENS PETER n/a SEDI 1'430'000 1.1 (90'500) 07.02.2013 n/a ANDROSS LIMITED n/a SEDI 1'340'450 1.03 200'000 12.10.2012 Other GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'248'559 0.96 - 14.05.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'179'400 0.91 - 31.03.2013 Investment Advisor TARGET GENERATION SO n/a SEDI 1'007'500 0.77 - 21.09.2010 Other QUANTEX AG Multiple Portfolios MF-AGG 950'000 0.73 - 29.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 941'400 0.72 500'000 31.12.2012 Hedge Fund Manager GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 903'610 0.69 (344'000) 28.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial SHANE NAGLE outperform 5 M 4 12 month 10.05.2013 Stifel CRAIG P STANLEY buy 5 M 3 12 month 03.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 4 12 month 23.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 3 12 month 22.04.2013 RBC Capital Markets JONATHAN GUY outperform 5 M 3 12 month 19.04.2013 Haywood Securities Inc. TARA HASSAN buy 5 M 4 Not Provided 16.04.2013 BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 14.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 5 12 month 05.03.2013 Holdings By: Lydian International Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Sabina Gold & Silver Corporation explores and develops mineral properties. The Company is a precious metals exploration Company with a portfolio of different properties in Canada at different stages of development. Sabina explores for minerals that include copper, gold and silver. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 3.55 52-Week Low (07.05.2013) 1.07 Daily Volume 1.13 52-Week High % Change -68.17% Dividend Yield 0.00 52-Week Low % Change 5.61% Beta 1.56 % 52 Week Price Range High/Low 2.42% Equity Float 110.19 Shares Out 30.04.2013 173.6 Short Int 0.56 196.14 1 Yr Total Return -37.22% Total Debt 0.00 YTD Return -57.36% Preferred Stock 0.0 Adjusted BETA 1.561 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 116.39 Consensus Rating 4.143 Enterprise Value 79.75 Average Volume 5 Day 584'491 SBB CN EQUITY YTD Change - Average Volume 30 Day 536'138 SBB CN EQUITY YTD % CHANGE - Average Volume 3 Month 455'689 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.6) (4.5) (5.4) (10.0) (11.9) (8.7) (7.7) (5.8) (6.0) - - - - - - - 0.00x 0.00x - - - - (3.1) (1.1) (8.8) (12.7) (14.1) (11.1) (13.6) (6.0) (7.0) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.86 Long-Term Rating Date - EBIT -11.90 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.29% Short-Term Rating - Return on Common Equity -4.80% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 42.88 Net Fixed Asset Turnover 0.00 Quick Ratio 41.36 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 350.34 Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover 0.00 Fiscal Year Ended Sabina Gold & Silver Corp Price/Volume Valuation Analysis 928'403.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type GCIC LTD/CANADA n/a SEDI 20'350'304 11.72 1'491'804 06.03.2013 Investment Advisor GOODMAN INVESTMENT C n/a SEDI 19'728'304 11.37 (368'000) 26.04.2013 Investment Advisor DUNDEE PRECIOUS META n/a PROXY 18'539'713 10.68 - 08.05.2012 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 10'428'291 6.01 - 15.05.2013 Investment Advisor DUNDEE CORP n/a SEDI 2'828'700 1.63 2'151'700 29.06.2012 Holding Company FMR LLC n/a ULT-AGG 2'780'000 1.6 50'000 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 1'140'000 0.66 - 29.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'122'000 0.65 - 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'034'100 0.6 1'034'100 31.03.2013 Hedge Fund Manager SHARE SICAV Multiple Portfolios MF-AGG 945'100 0.54 45'000 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 936'866 0.54 - 14.05.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 899'400 0.52 - 31.12.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 838'000 0.48 - 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 742'157 0.43 98'500 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 725'400 0.42 - 28.09.2012 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 642'400 0.37 - 31.03.2013 Investment Advisor WHITTON JOHN F n/a SEDI 628'042 0.36 75'000 01.11.2011 n/a SPROTT INC Multiple Portfolios MF-AGG 560'700 0.32 - 31.12.2012 Hedge Fund Manager WILKES LEROY E n/a SEDI 343'373 0.2 5'000 02.01.2013 n/a PACIFIC INCOME ADVIS Multiple Portfolios MF-AGG 300'000 0.17 - 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Salman Partners DAVID WEST speculative buy 4 M 5 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 4 12 month 10.05.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 3 Not Provided 09.05.2013 Desjardins Securities ADAM MELNYK speculative buy 4 M 7 12 month 09.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 3 12 month 22.04.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 3 12 month 14.04.2013 Paradigm Capital Inc DON MACLEAN speculative buy 4 M 6 12 month 12.11.2012 Holdings By: Sabina Gold & Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Lake Shore Gold Corp. acquires and explores mineral properties. The Company is currently exploring for gold in the gold mining district of northern Ontario and Quebec. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.06.2012) 1.17 52-Week Low (15.05.2013) 0.28 Daily Volume 0.29 52-Week High % Change -75.21% Dividend Yield 0.00 52-Week Low % Change 5.45% Beta 1.33 % 52 Week Price Range High/Low 1.68% Equity Float 415.25 Shares Out 30.04.2013 416.6 Short Int 2.00 120.82 1 Yr Total Return -64.63% Total Debt 142.44 YTD Return -61.33% Preferred Stock 0.0 Adjusted BETA 1.325 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 48.72 Consensus Rating 3.667 Enterprise Value 214.55 Average Volume 5 Day 2'775'840 LSG CN EQUITY YTD Change - Average Volume 30 Day 3'251'675 LSG CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'588'974 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 66.2 133.0 70.9 151.3 199.8 270.0 - - - - - 7.86x 3.05x 36.63x 8.29x 0.96x 0.53x - - (9.6) (9.6) (19.4) 7.3 37.9 8.0 32.8 77.2 123.9 - - - - - 70.97x 10.70x 52.14x 0.00x 2.78x 1.73x - - (5.5) 2.1 (6.5) (10.9) (317.9) (16.1) (315.6) (0.5) 32.3 - - - 413.00x - - - 0.00x 0.00x - 5.80x - - EBITDA 37.91 Long-Term Rating Date - EBIT -4.90 Long-Term Rating - Operating Margin -3.69% Long-Term Outlook - Pretax Margin -187.52% Short-Term Rating Date - Return on Assets -34.24% Short-Term Rating - Return on Common Equity -40.51% Return on Capital - EBITDA/Interest Exp. 11.55 Asset Turnover 0.14% (EBITDA-Capex)/Interest Exp. -37.76 Net Debt/EBITDA 2.47 Gross Margin 7.8% Total Debt/EBITDA 3.76 EBITDA Margin 28.5% EBIT Margin -3.7% Total Debt/Equity 22.2% Net Income Margin -239.0% Total Debt/Capital 18.2% Asset Turnover 0.14 Current Ratio 1.49 Net Fixed Asset Turnover 0.16 Quick Ratio 0.83 Accounts receivable turnover-days - Debt to Assets 17.31% Inventory Days 48.46 Tot Debt to Common Equity 22.22% Accounts Payable Turnover Day 20.00 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 7.55 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Lake Shore Gold Corp Price/Volume Valuation Analysis 5'463'818.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 31'367'128 7.53 - 15.05.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 27'505'500 6.6 4'117'500 31.03.2013 Hedge Fund Manager TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 14'840'645 3.56 (30'000) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 12'114'420 2.91 (1'574'400) 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 10'803'000 2.59 - 27.12.2012 Hedge Fund Manager SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 4'600'000 1.1 - 30.06.2012 Investment Advisor BLACKROCK n/a ULT-AGG 4'299'914 1.03 (896'343) 14.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'656'600 0.88 (1'504'300) 31.03.2013 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 3'475'500 0.83 412'000 31.12.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'060'065 0.73 29'385 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 2'956'500 0.71 1'300'000 31.12.2012 Investment Advisor NORGES BANK NORGES BANK 13F 2'746'733 0.66 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 2'114'330 0.51 (50'500) 31.01.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'614'955 0.39 (117'621) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 1'461'593 0.35 (1'973'829) 31.03.2013 Bank CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'403'624 0.34 (1'900'000) 31.03.2013 Pension Fund (ERISA) JONES HEWARD INVESTM Multiple Portfolios MF-AGG 1'278'902 0.31 - 15.05.2013 Investment Advisor HAUCK & AUFHAUSER IN Multiple Portfolios MF-AGG 1'100'000 0.26 - 28.03.2013 Investment Advisor POLYGON MANAGEMENT L POLYGON MANAGEMENT L 13F 1'006'500 0.24 1'006'500 31.03.2013 Investment Advisor GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 963'900 0.23 - 31.12.2011 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets STEPHEN D WALKER sector perform 3 M 1 12 month 15.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 2 12 month 15.05.2013 M Partners Inc INGRID RICO buy 5 M 2 12 month 10.05.2013 TD Securities DANIEL EARLE buy 5 M 1 12 month 23.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 2 12 month 23.04.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 Not Provided 16.04.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 1 Not Provided 14.04.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 1 Not Provided 11.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Lake Shore Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Brigus Gold Corp. is an emerging mid-tier gold producer . The Company's current projects are in Ontario, Saskatchewan, Mexico and the Dominican Republic. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 1.09 52-Week Low (17.04.2013) 0.53 Daily Volume 0.6011 52-Week High % Change -44.85% Dividend Yield - 52-Week Low % Change 14.47% Beta 1.17 % 52 Week Price Range High/Low 13.45% Equity Float 225.88 Shares Out 30.04.2013 231.5 Short Int 1.44 139.13 1 Yr Total Return -19.85% Total Debt 93.20 YTD Return -36.05% Preferred Stock 0.0 Adjusted BETA 1.170 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 29.81 Consensus Rating 4.750 Enterprise Value 202.52 Average Volume 5 Day 789'608 BRD US EQUITY YTD Change - Average Volume 30 Day 1'020'473 BRD US EQUITY YTD % CHANGE - Average Volume 3 Month 944'025 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 47.0 85.9 71.9 117.7 84.1 135.7 151.8 158.8 31.2 31.2 - - 4.84x 3.27x 2.36x 12.74x 5.70x - - - - (9.1) 13.8 32.7 14.3 48.5 24.0 39.3 77.7 87.3 - - - - 12.72x 16.46x 5.72x 8.39x 0.00x 2.61x 2.32x - - 1.2 (61.7) (55.5) 15.8 18.9 17.0 27.1 31.7 31.6 1.5 1.5 - - - - - 0.00x 0.00x 4.06x 4.52x 5.84x 5.84x EBITDA 48.49 Long-Term Rating Date - EBIT 23.35 Long-Term Rating - Operating Margin 19.84% Long-Term Outlook - Pretax Margin 15.79% Short-Term Rating Date - Return on Assets 4.77% Short-Term Rating - Return on Common Equity 9.12% Return on Capital - EBITDA/Interest Exp. 5.34 Asset Turnover 0.30% (EBITDA-Capex)/Interest Exp. -0.55 Net Debt/EBITDA 1.31 Gross Margin 30.9% Total Debt/EBITDA 1.92 EBITDA Margin 41.2% EBIT Margin 19.8% Total Debt/Equity 40.1% Net Income Margin 16.1% Total Debt/Capital 28.6% Asset Turnover 0.30 Current Ratio 1.15 Net Fixed Asset Turnover 0.37 Quick Ratio 0.76 Accounts receivable turnover-days 11.83 Debt to Assets 22.12% Inventory Days 38.15 Tot Debt to Common Equity 40.06% Accounts Payable Turnover Day 98.53 Accounts Receivable Turnover 30.94 Cash Conversion Cycle -48.56 Inventory Turnover 9.59 Fiscal Year Ended Brigus Gold Corp Price/Volume Valuation Analysis 1'186'293.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 18'568'232 8.02 2'818'808 15.05.2013 Investment Advisor SPROTT INC n/a 13G 9'336'421 4.03 (1'057'930) 30.04.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 7'027'000 3.04 - 27.12.2012 Hedge Fund Manager INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 4'428'400 1.91 1'084'200 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'552'474 1.53 10'360 31.03.2013 Bank WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 3'203'084 1.38 (5'011'416) 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 2'896'000 1.25 564'200 31.03.2013 Investment Advisor DAWE WADE K n/a SEDI 2'438'422 1.05 16'025 03.04.2013 n/a QUAKER CAPITAL MANAG QUAKER CAPITAL MANAG 13F 1'678'100 0.73 1'678'100 31.03.2013 Hedge Fund Manager GROSS MICHAEL n/a PROXY 1'578'085 0.68 - 13.04.2012 n/a LIBRA ADVISORS LLC LIBRA ADVISORS LLC 13F 1'430'200 0.62 - 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 1'128'900 0.49 (71'100) 31.12.2012 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 1'095'790 0.47 595'790 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'000'000 0.43 (10'948) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 967'386 0.42 - 31.01.2013 Investment Advisor CITY OF LONDON INVES CITY OF LONDON INVES 13F 885'000 0.38 (27'000) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 826'510 0.36 (363'190) 31.03.2013 Pension Fund (ERISA) FRANK RUSSELL TRUST FRANK RUSSELL COMPAN 13F 819'000 0.35 600'700 31.03.2013 Investment Advisor KELLIGREW INC n/a SEDI 655'289 0.28 30'000 29.09.2011 Corporation COE CAPITAL MANAGEME COE CAPITAL MANAGEME 13F 499'380 0.22 (215'250) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. RICHARD GRAY buy 5 M 1 12 month 15.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 1 Not Provided 14.05.2013 Casimir Capital ERIC WINMILL buy 5 M 2 12 month 14.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 1 12 month 14.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 1 Not Provided 13.05.2013 Paradigm Capital Inc DON BLYTH buy 5 M 2 12 month 03.04.2013 EVA Dimensions TEAM COVERAGE overweight 5 U #N/A N/A Not Provided 29.06.2012 Holdings By: Brigus Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Great Panther Silver Ltd. explores for and produces silver. The Company is focused on acquiring, developing and mining precious metals in Mexico. Great Panther's projects include The Guanajuato Mines property, located in the State of Guanajuato, Mexico, and The Topia Silver-Lead-Zinc property, located in the Topia Mining District in west-central Durango State, Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 2.48 52-Week Low (15.05.2013) 0.76 Daily Volume 0.795 52-Week High % Change -67.94% Dividend Yield - 52-Week Low % Change 4.40% Beta 1.14 % 52 Week Price Range High/Low 1.95% Equity Float 134.84 Shares Out 30.04.2013 137.9 Short Int 0.52 109.61 1 Yr Total Return -48.38% Total Debt 0.00 YTD Return -48.04% Preferred Stock 0.0 Adjusted BETA 1.141 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 25.90 Consensus Rating 3.500 Enterprise Value 85.72 Average Volume 5 Day 635'846 GPL US EQUITY YTD Change - Average Volume 30 Day 549'802 GPL US EQUITY YTD % CHANGE - Average Volume 3 Month 613'256 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 22.4 31.7 42.2 57.8 61.1 56.0 60.2 56.8 68.0 - - 1.28x 2.85x 7.67x 4.05x 3.05x 21.76x 11.31x - - - - (9.9) 4.9 14.2 22.0 15.6 18.3 11.4 8.0 18.4 - - - 18.35x 22.73x 10.65x 11.93x 14.61x 0.00x 10.69x 4.66x - - (13.8) (0.9) 10.7 11.5 5.5 9.2 2.1 0.3 2.7 - - - - - - - 0.00x 0.00x 23.13x 16.19x - - EBITDA 15.63 Long-Term Rating Date - EBIT 6.74 Long-Term Rating - Operating Margin 11.02% Long-Term Outlook - Pretax Margin 15.88% Short-Term Rating Date - Return on Assets 5.02% Short-Term Rating - Return on Common Equity 5.72% Return on Capital 5.74% EBITDA/Interest Exp. 459.68 Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. -325.97 Net Debt/EBITDA -1.66 Gross Margin 32.0% Total Debt/EBITDA 0.00 EBITDA Margin 25.6% EBIT Margin 11.0% Total Debt/Equity 0.0% Net Income Margin 9.0% Total Debt/Capital 0.0% Asset Turnover 0.56 Current Ratio 6.23 Net Fixed Asset Turnover 1.17 Quick Ratio 5.17 Accounts receivable turnover-days 96.31 Debt to Assets 0.00% Inventory Days 50.73 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 60.30 Accounts Receivable Turnover 3.80 Cash Conversion Cycle 86.73 Inventory Turnover 7.21 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Great Panther Silver Ltd Price/Volume Valuation Analysis 951'650.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'968'414 7.96 1'435'555 15.05.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'765'875 1.28 1'765'875 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'415'289 1.03 519'096 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'387'500 1.01 587'500 31.12.2012 Investment Advisor ARCHER ROBERT A n/a SEDI 1'191'300 0.86 (61'200) 14.09.2011 n/a SANCHEZ FRANCISCO RA n/a 20F 1'075'000 0.78 - 29.02.2012 n/a BROWN CHARLES P n/a SEDI 448'000 0.32 36'000 18.11.2011 n/a PUPLAVA FINANCIAL SE PUPLAVA FINANCIAL SE 13F 410'201 0.3 (19'100) 31.03.2013 Hedge Fund Manager KOPCHEFF JOHN THOMAS n/a SEDI 280'000 0.2 200'000 25.08.2011 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 260'501 0.19 (32'600) 31.03.2013 Pension Fund (ERISA) OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 200'000 0.15 - 31.01.2013 Investment Advisor WAY FUND MANAGERS Multiple Portfolios MF-AGG 200'000 0.15 - 28.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 190'484 0.14 - 14.05.2013 Investment Advisor NATIXIS ASSET MANAGE NATIXIS ASSET MANAGE 13F 153'000 0.11 (35'000) 31.03.2013 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 153'000 0.11 - 28.03.2013 Investment Advisor JANE STREET HOLDING JANE STREET HOLDING 13F 145'556 0.11 (46'366) 31.03.2013 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 130'000 0.09 4'000 28.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 101'500 0.07 101'500 31.03.2013 Hedge Fund Manager IFOS INTERNATIONALE Multiple Portfolios MF-AGG 100'000 0.07 - 27.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 87'802 0.06 45'062 31.03.2013 Bank Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 14.05.2013 Salman Partners ASH GUGLANI buy 5 M 1 12 month 09.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 1 12 month 09.05.2013 Stonecap Securities Inc CHRISTOS DOULIS underperform 1 D 1 12 month 09.05.2013 Holdings By: Great Panther Silver Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Intrepid Mines Limited is an international precious metals development and exploration company with primary operations in Indonesia. The Company's current project is located in the province of East Java, where it explores for gold, silver, and copper-gold. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (16.05.2012) 0.67 52-Week Low (23.07.2012) 0.19 Daily Volume 0.28 52-Week High % Change -57.89% Dividend Yield 0.00 52-Week Low % Change 47.37% Beta 1.64 % 52 Week Price Range High/Low 18.95% Equity Float 486.83 Shares Out 16.05.2013 555.9 Short Int 18.19 155.65 1 Yr Total Return -53.33% Total Debt 0.00 YTD Return 33.33% Preferred Stock 0.0 Adjusted BETA 1.645 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 9.65 Consensus Rating 2.400 Enterprise Value 145.26 Average Volume 5 Day 5'132'540 IAU AU EQUITY YTD Change - Average Volume 30 Day 2'458'447 IAU AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'015'753 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 54.4 0.0 0.0 0.0 0.0 0.0 0.0 - - - - 1.06x - - - - #DIV/0! #DIV/0! - - - - 2.2 1.9 (24.2) (39.2) (47.7) (30.7) (17.3) (9.9) (9.3) - - 26.51x 39.18x - - - 0.00x 0.00x - - - - (42.7) (9.9) (5.0) (30.0) (71.8) (29.4) (63.9) (7.1) (8.8) - - - - - - - 0.00x 0.00x - - - - EBITDA -47.73 Long-Term Rating Date - EBIT -47.76 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -50.47% Short-Term Rating - Return on Common Equity -51.74% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 57.06 Net Fixed Asset Turnover 0.00 Quick Ratio 5.01 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Intrepid Mines Ltd Price/Volume Valuation Analysis 5'786'721.00 Current Price (5/dd/yy) Market Data 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 70.0 M 80.0 M 90.0 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type TAURUS SM HOLDINGS P n/a Co File 48'192'131 8.67 - 16.03.2012 Holding Company VAN ECK ASSOCIATES C n/a ULT-AGG 41'772'440 7.51 7'384'262 15.05.2013 Investment Advisor QUANTUM PACIFIC INVE n/a EXCH 29'982'667 5.39 - 23.04.2013 Unclassified COMMONWEALTH BANK OF n/a EXCH 25'513'559 4.59 (1'063'213) 21.09.2011 Bank FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 19'156'073 3.45 (2'399'347) 30.09.2012 Hedge Fund Manager BANK OF AMERICA CORP n/a EXCH 17'837'142 3.21 (12'563'151) 26.09.2011 Investment Advisor FMR LLC n/a ULT-AGG 9'529'798 1.71 - 31.03.2013 Investment Advisor UNISUPER n/a EXCH 8'304'156 1.49 1'263'247 06.06.2012 Other ACORN CAPITAL LTD n/a EXCH 7'545'656 1.36 700'425 06.06.2012 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 6'348'158 1.14 (179'360) 31.08.2011 Investment Advisor SUNSUPER FUND n/a EXCH 5'436'384 0.98 878'800 06.06.2012 Other NORGES BANK Multiple Portfolios MF-AGG 4'420'172 0.8 - 31.12.2012 Government MICROCAP INVESTMENT n/a EXCH 3'995'655 0.72 478'000 06.06.2012 Other HEALTH SUPER n/a EXCH 3'920'180 0.71 602'600 06.06.2012 Other CBA OFFICERS SUPER F n/a EXCH 3'537'176 0.64 530'300 06.06.2012 Other VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'706'075 0.49 (16'476) 30.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'551'202 0.46 - 31.03.2013 Investment Advisor QLD LOCAL GOVT SUPER n/a EXCH 2'225'422 0.4 340'300 06.06.2012 Other AUSCOAL SUPER FUND n/a EXCH 2'091'335 0.38 327'800 06.06.2012 Other GORDON BRADLEY AUSTI n/a EXCH 1'970'295 0.35 235'000 01.03.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. MIKE KOZAK Under Review #N/A N/A M #N/A N/A Not Provided 07.05.2013 National Bank Financial STEPHEN PARSONS Under Review #N/A N/A M #N/A N/A Not Provided 27.03.2013 Wilson HTM Investment Group CAMERON JUDD sell 1 D 0 Not Provided 21.03.2013 Hartleys PETER GRAY speculative buy 4 M 0 12 month 19.03.2013 RBC Capital Markets GEOFF BREEN underperform 1 D 0 12 month 27.02.2013 Canaccord Genuity Corp GARY LAMPARD suspended coverage #N/A N/A M #N/A N/A Not Provided 19.02.2013 RBS Morgans CHRIS BROWN outperform 5 N 1 12 month 27.11.2012 Canaccord Genuity Corp JEAN-FRANCOIS BERTINCOURT buy 5 N 2 12 month 17.04.2012 EVA Dimensions TEAM COVERAGE sell 1 M #N/A N/A Not Provided 31.01.2012 Holdings By: Intrepid Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Vista Gold Corp. is an international gold mining company. The Company is focused on its core projects, the Concordia gold project located in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Latest Fiscal Year: 12/2007 LTM as of: 03/yy 52-Week High (21.09.2012) 4.09 52-Week Low (15.05.2013) 1.30 Daily Volume 1.32 52-Week High % Change -67.73% Dividend Yield 0.00 52-Week Low % Change 1.54% Beta 1.17 % 52 Week Price Range High/Low 0.72% Equity Float 68.27 Shares Out 30.04.2013 81.7 Short Int 1.54 107.87 1 Yr Total Return -46.12% Total Debt 0.00 YTD Return -51.11% Preferred Stock 0.0 Adjusted BETA 1.168 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 88.40 Consensus Rating 5.000 Enterprise Value 19.48 Average Volume 5 Day 306'286 VGZ US EQUITY YTD Change - Average Volume 30 Day 414'468 VGZ US EQUITY YTD % CHANGE - Average Volume 3 Month 483'989 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (6.5) (6.1) (17.7) (28.1) (35.6) (31.9) (26.7) (18.8) (14.6) - - - - - - - 0.00x 0.00x - - - - (10.0) (1.9) (20.0) 51.5 (70.7) 44.2 (85.7) (26.5) (6.4) (4.4) (5.9) - - - - - 0.00x 0.00x - - - - EBITDA -35.63 Long-Term Rating Date - EBIT -36.22 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -44.30% Short-Term Rating - Return on Common Equity -57.29% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 2.94 Net Fixed Asset Turnover 0.00 Quick Ratio 2.84 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Vista Gold Corp Price/Volume Valuation Analysis 484'396.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a Research 12'084'310 14.79 - 31.12.2012 Hedge Fund Manager SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 12'084'310 14.79 - 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'374'527 13.92 1'172'092 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 6'145'260 7.52 (430'462) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 2'577'504 3.15 268'822 14.05.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 1'758'748 2.15 - 31.03.2013 Corporation ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 1'386'026 1.7 (200'000) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 881'631 1.08 (20'701) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 871'929 1.07 343'929 31.03.2013 Investment Advisor PERRITT CAPITAL MANA PERRITT CAPITAL MANA 13F 822'000 1.01 - 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 755'864 0.92 627'319 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 713'381 0.87 4'326 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 632'415 0.77 (100'000) 31.03.2013 Pension Fund (ERISA) PARKER FREDERICK H E n/a Form 4 556'325 0.68 - 05.09.2012 n/a CREDIT SUISSE AG CREDIT SUISSE AG 13F 412'356 0.5 327'220 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 327'993 0.4 44'000 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 248'473 0.3 88'467 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 201'025 0.25 11'051 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 199'168 0.24 (72'615) 31.03.2013 Investment Advisor RICHINGS MICHAEL B n/a Form 4 188'121 0.23 - 08.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Roth Capital Partners BRIAN W POST buy 5 M 7 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 12 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 4 12 month 10.05.2013 Holdings By: Vista Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Alexco Resource Corporation is a mineral exploration and production company. The Company mines for minerals that include gold and silver. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 5.58 52-Week Low (15.05.2013) 1.57 Daily Volume 1.59 52-Week High % Change -71.50% Dividend Yield - 52-Week Low % Change 1.27% Beta 1.04 % 52 Week Price Range High/Low 0.50% Equity Float 52.25 Shares Out 30.04.2013 62.6 Short Int 0.84 99.49 1 Yr Total Return -63.19% Total Debt 0.00 YTD Return -55.46% Preferred Stock 0.0 Adjusted BETA 1.037 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 23.09 Consensus Rating 3.400 Enterprise Value 78.23 Average Volume 5 Day 254'923 AXU US EQUITY YTD Change - Average Volume 30 Day 456'356 AXU US EQUITY YTD % CHANGE - Average Volume 3 Month 406'194 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 5.7 5.8 4.6 45.1 84.7 68.2 76.7 78.0 94.6 20.5 23.7 18.66x 14.71x 32.68x 8.09x 2.27x 24.16x 8.66x - - - - (4.8) (6.1) (6.0) 9.8 25.4 18.8 17.7 (4.0) 2.0 - - - - - 37.41x 7.55x 20.36x 0.00x - 39.11x - - (4.0) (9.6) (5.2) 3.5 3.4 5.2 (0.3) (2.2) 17.0 (0.5) 0.2 - - - - - 0.00x 0.00x - - - - EBITDA 25.44 Long-Term Rating Date - EBIT 1.26 Long-Term Rating - Operating Margin 1.49% Long-Term Outlook - Pretax Margin 9.42% Short-Term Rating Date - Return on Assets 1.62% Short-Term Rating - Return on Common Equity 2.42% Return on Capital 2.44% EBITDA/Interest Exp. 553.04 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -174.91 Net Debt/EBITDA -0.91 Gross Margin 21.2% Total Debt/EBITDA 0.00 EBITDA Margin 30.0% EBIT Margin 1.5% Total Debt/Equity 0.0% Net Income Margin 4.0% Total Debt/Capital 0.0% Asset Turnover 0.40 Current Ratio 2.57 Net Fixed Asset Turnover 0.57 Quick Ratio 2.01 Accounts receivable turnover-days 52.22 Debt to Assets 0.00% Inventory Days 75.58 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 110.73 Accounts Receivable Turnover 10.53 Cash Conversion Cycle 17.06 Inventory Turnover 7.28 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Alexco Resource Corp Price/Volume Valuation Analysis 437'268.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SPROTT INC SPROTT INC 13F 6'235'350 9.96 (624'500) 31.03.2013 Hedge Fund Manager SPROTT INC #N/A N/A Co File 6'004'850 9.6 (230'500) 30.04.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 4'009'408 6.41 527'964 15.05.2013 Investment Advisor COLUMBIA WANGER ASSE COLUMBIA WANGER ASSE 13F 2'629'000 4.2 (54'000) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'100'000 3.36 2'100'000 31.03.2013 Hedge Fund Manager ASSET LIABILITY MANA #N/A N/A PROXY 1'940'299 3.1 - 01.05.2013 Other NAUMAN CLYNTON R n/a PROXY 1'725'001 2.76 - 01.05.2013 n/a RAFFLES ASSOCIATES L RAFFLES ASSOCIATES L 13F 1'203'671 1.92 - 31.03.2013 Hedge Fund Manager PATHSTONE FAMILY OFF PATHSTONE FAMILY OFF 13F 814'919 1.3 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 638'317 1.02 (10'515) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 586'930 0.94 (425'145) 14.05.2013 Investment Advisor THRALL BRADLEY A n/a SEDI 523'200 0.84 3'200 20.02.2013 n/a LB SWISS INVESTMENT Multiple Portfolios MF-AGG 500'000 0.8 - 27.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 484'850 0.77 175'434 31.03.2013 Investment Advisor SEMAPHORE MANAGEMENT SEMAPHORE MANAGEMENT 13F 409'942 0.66 14'810 31.12.2012 Hedge Fund Manager FORUM INVESTMENT ADV Multiple Portfolios MF-AGG 381'904 0.61 35'740 31.12.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 251'242 0.4 - 31.03.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 200'000 0.32 (325'000) 31.12.2012 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 137'613 0.22 - 31.12.2012 Insurance Company NOMURA n/a ULT-AGG 91'006 0.15 (24'760) 31.03.2013 Unclassified Firm Name Analyst Recommendation Weighting Change Target Price Date Date Global Hunter Securities JEFF WRIGHT neutral 3 M 4 12 month 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL hold 3 M 3 Not Provided 10.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 4 12 month 10.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 D 3 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 15.04.2013 Holdings By: Alexco Resource Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 ATAC Resources Ltd. explores for gold in Canada. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (05.06.2012) 3.50 52-Week Low (04.03.2013) 0.91 Daily Volume 0.98 52-Week High % Change -72.00% Dividend Yield 0.00 52-Week Low % Change 7.69% Beta 1.64 % 52 Week Price Range High/Low 2.70% Equity Float 90.26 Shares Out 30.04.2013 113.2 Short Int 0.14 110.89 1 Yr Total Return -50.25% Total Debt 0.00 YTD Return -43.68% Preferred Stock 0.0 Adjusted BETA 1.643 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 15.04 Consensus Rating 5.000 Enterprise Value 95.85 Average Volume 5 Day 178'839 ATC CN EQUITY YTD Change - Average Volume 30 Day 205'989 ATC CN EQUITY YTD % CHANGE - Average Volume 3 Month 320'445 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - - (1.1) (3.1) - - 0.0 0.0 (5.4) (5.4) (1.0) (1.0) - - - - - 0.00x 0.00x - - - - - (1.1) (2.2) (24.8) (7.5) (24.8) (7.5) (3.5) (3.5) (0.9) (1.0) - - - - - 0.00x 0.00x - - - - EBITDA - Long-Term Rating Date - EBIT -6.54 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.85% Short-Term Rating - Return on Common Equity -10.04% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 18.93 Net Fixed Asset Turnover 0.00 Quick Ratio 18.66 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Atac Resources Ltd Price/Volume Valuation Analysis 324'926.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 14'971'600 13.23 30'100 31.03.2013 Hedge Fund Manager AGNICO-EAGLE MINES L n/a SEDI 9'600'000 8.48 - 20.03.2013 Corporation STRATEGIC METALS LTD n/a SEDI 9'556'286 8.45 (250'000) 05.04.2011 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 6'470'185 5.72 - 15.05.2013 Investment Advisor CARNE ROBERT C n/a SEDI 1'987'126 1.76 20'000 22.02.2013 n/a GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'531'428 1.35 - 14.05.2013 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'124'700 0.99 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 558'195 0.49 (1'400) 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 523'000 0.46 (463'800) 31.12.2012 Hedge Fund Manager GOSS DOUGLAS O n/a SEDI 482'588 0.43 28'300 25.02.2013 n/a YEADON GLENN ROBERT n/a PROXY 424'667 0.38 - 17.04.2013 n/a KENWAY BRUCE J n/a PROXY 400'000 0.35 - 17.04.2013 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 370'900 0.33 - 28.02.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 300'000 0.27 - 27.03.2013 Investment Advisor GESIURIS SA SGIIC Multiple Portfolios MF-AGG 300'000 0.27 - 30.04.2013 Investment Advisor DOWNS GRAHAM NOLAN n/a SEDI 255'000 0.23 135'000 17.02.2012 n/a NEXGEN FINANCIAL LP Multiple Portfolios MF-AGG 225'000 0.2 75'000 30.06.2012 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 193'000 0.17 - 28.03.2013 Investment Advisor TALBOT IAN J n/a SEDI 111'400 0.1 (5'000) 07.06.2012 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 97'200 0.09 13'300 28.02.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL GRAY outperform 5 M 2 12 month 25.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 5 12 month 19.03.2013 Paradigm Capital Inc DON MACLEAN hold 3 M 4 12 month 06.03.2012 Holdings By: Atac Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Scorpio Mining Corporation explores for silver in Canada and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 1.28 52-Week Low (01.05.2013) 0.45 Daily Volume 0.46 52-Week High % Change -64.06% Dividend Yield 0.00 52-Week Low % Change 3.37% Beta 1.46 % 52 Week Price Range High/Low 1.80% Equity Float 196.42 Shares Out 30.04.2013 198.4 Short Int 0.11 91.26 1 Yr Total Return -47.73% Total Debt 0.00 YTD Return -55.34% Preferred Stock 0.0 Adjusted BETA 1.460 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 31.05 Consensus Rating 5.000 Enterprise Value 60.22 Average Volume 5 Day 269'606 SPM CN EQUITY YTD Change - Average Volume 30 Day 660'774 SPM CN EQUITY YTD % CHANGE - Average Volume 3 Month 513'762 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 19.4 34.2 61.1 45.8 56.1 41.6 51.1 104.0 - - - 4.59x 5.75x 5.89x 3.78x 19.77x 11.09x - - - - (4.6) 6.6 11.9 29.4 14.2 21.8 9.3 10.6 18.6 - - - 13.58x 16.54x 12.25x 12.23x 9.87x 0.00x 5.68x 3.24x - - (90.7) 13.5 30.7 12.6 7.1 10.0 4.3 - - - - - 6.00x 9.00x 32.50x 25.75x 25.80x 23.33x 13.53x 3.46x - - EBITDA 14.18 Long-Term Rating Date - EBIT 10.32 Long-Term Rating - Operating Margin 22.52% Long-Term Outlook - Pretax Margin 24.11% Short-Term Rating Date - Return on Assets 4.85% Short-Term Rating - Return on Common Equity 4.98% Return on Capital 5.00% EBITDA/Interest Exp. - Asset Turnover 0.31% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.19 Gross Margin 41.6% Total Debt/EBITDA 0.00 EBITDA Margin 30.9% EBIT Margin 22.5% Total Debt/Equity 0.0% Net Income Margin 15.5% Total Debt/Capital 0.0% Asset Turnover 0.31 Current Ratio 21.39 Net Fixed Asset Turnover 0.54 Quick Ratio 18.19 Accounts receivable turnover-days 51.87 Debt to Assets 0.00% Inventory Days 82.23 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 27.78 Accounts Receivable Turnover 7.06 Cash Conversion Cycle 106.31 Inventory Turnover 4.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Scorpio Mining Corp Price/Volume Valuation Analysis 386'125.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 34'089'105 17.18 (203'900) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 15'758'728 7.94 - 15.05.2013 Investment Advisor JP MORGAN n/a ULT-AGG 9'523'000 4.8 - 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 3'867'521 1.95 - 14.05.2013 Investment Advisor ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 3'800'000 1.92 - 31.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 1'941'000 0.98 (2'341'300) 31.12.2012 Hedge Fund Manager HAWLEY PETER J n/a Co File 1'843'436 0.93 - 31.12.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'639'600 0.83 - 28.09.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 1'400'000 0.71 - 28.02.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 1'322'400 0.67 - 31.01.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 424'600 0.21 - 28.02.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 215'588 0.11 - 31.01.2013 Investment Advisor FACTOR ADVISORS LLC Multiple Portfolios MF-AGG 131'178 0.07 - 29.11.2012 Unclassified SADEK JOHN n/a Co File 79'150 0.04 - 31.12.2012 n/a BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 75'011 0.04 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 65'721 0.03 - 14.05.2013 Investment Advisor IFOS INTERNATIONALE Multiple Portfolios MF-AGG 45'000 0.02 - 27.03.2013 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 40'000 0.02 20'000 28.03.2013 Investment Advisor MASON EWAN n/a Co File 20'000 0.01 - 31.12.2012 n/a SAWH HEMDAT n/a Co File 10'500 0.01 - 31.12.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 2 12 month 13.05.2013 Clarus Securities MIKE BANDROWSKI buy 5 M 2 12 month 13.05.2013 Casimir Capital ERIC WINMILL buy 5 M 1 12 month 13.05.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 EVA Dimensions TEAM COVERAGE buy 5 U #N/A N/A Not Provided 12.06.2012 Holdings By: Scorpio Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Midway Gold Corp. explores and develops mineral resource properties. The Company is currently exploring for gold on its Midway Prospect property located in Nevada in the United States. Latest Fiscal Year: 12/2010 LTM as of: 03/yy 52-Week High (18.10.2012) 1.80 52-Week Low (15.05.2013) 0.86 Daily Volume 0.883 52-Week High % Change -50.94% Dividend Yield 0.00 52-Week Low % Change 2.36% Beta 1.04 % 52 Week Price Range High/Low 2.18% Equity Float 98.45 Shares Out 01.05.2013 128.5 Short Int 3.91 113.42 1 Yr Total Return -26.42% Total Debt 0.00 YTD Return -36.47% Preferred Stock 44.3 Adjusted BETA 1.041 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 75.05 Consensus Rating 4.429 Enterprise Value 84.71 Average Volume 5 Day 305'086 MDW US EQUITY YTD Change - Average Volume 30 Day 330'129 MDW US EQUITY YTD % CHANGE - Average Volume 3 Month 345'929 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (11.6) (3.8) (6.3) (18.2) (14.3) (18.6) (11.4) (6.5) (7.5) - - - - - - - 0.00x 0.00x - - - - (16.2) (2.6) (5.8) (15.5) (15.3) (15.9) (6.3) (10.0) (15.1) (5.0) (5.0) - - - - - 0.00x 0.00x - - - - EBITDA -14.33 Long-Term Rating Date - EBIT -14.73 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -15.54% Short-Term Rating - Return on Common Equity -26.88% Return on Capital - EBITDA/Interest Exp. -5311.80 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -8155.64 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 43.98 Net Fixed Asset Turnover 0.00 Quick Ratio 43.90 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Midway Gold Corp Price/Volume Valuation Analysis 393'364.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'847'196 8.44 915'894 15.05.2013 Investment Advisor SHEERIN MATT n/a PROXY 7'929'506 6.17 (271'400) 18.04.2013 n/a HAWES GEORGE T n/a PROXY 7'112'952 5.54 - 18.04.2013 n/a FRANKLIN RESOURCES n/a ULT-AGG 6'557'700 5.11 60'000 31.03.2013 Investment Advisor HALE CAPITAL PARTNER n/a PROXY 6'127'310 4.77 - 18.04.2013 Other BLACKROCK n/a ULT-AGG 5'299'564 4.13 467'767 14.05.2013 Investment Advisor DISBROW ROBERT n/a 13G 5'072'200 3.95 (75'800) 31.12.2011 n/a VANGUARD GROUP INC VANGUARD GROUP INC 13F 2'914'011 2.27 (1'449'218) 31.03.2013 Investment Advisor YU FRANK S n/a PROXY 1'709'646 1.33 - 18.04.2013 n/a STATE STREET n/a ULT-AGG 1'634'300 1.27 (26'204) 31.03.2013 Investment Advisor WOLFUS DANIEL EDWARD n/a PROXY 1'570'117 1.22 - 18.04.2013 n/a NANTAHALA CAPITAL MA NANTAHALA CAPITAL MA 13F 1'526'751 1.19 1'526'751 31.03.2013 Hedge Fund Manager DAVENPORT & COMPANY DAVENPORT & COMPANY 13F 1'470'179 1.14 14'700 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'416'296 1.1 (65'462) 31.03.2013 Investment Advisor DEANS KNIGHT CAPITAL n/a 13G 1'144'360 0.89 - 31.12.2012 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 571'863 0.45 - 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 558'000 0.43 - 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 445'429 0.35 - 31.03.2013 Hedge Fund Manager TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 435'535 0.34 - 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 376'690 0.29 (4'310) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp JOE MAZUMDAR speculative buy 4 M 2 12 month 08.05.2013 Stifel MICHAEL A SCOON buy 5 M 2 12 month 03.05.2013 Jacob Securities Inc MATTHEW SHEPPARD buy 5 M 2 12 month 23.04.2013 Cormark Securities Inc. KYLE MCPHEE speculative buy 4 M 2 12 month 22.04.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 2 12 month 05.02.2013 Stonecap Securities Inc BRIAN SZETO outperform 5 M 2 12 month 08.01.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 Holdings By: Midway Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Patagonia Gold PLC holds investments in mineral exploration companies involved in identifying, acquiring, and developing mineral projects, either alone or with joint-venture partners. The Company explores for gold in locations throughout Argentina. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (28.05.2012) 33.50 52-Week Low (26.04.2013) 9.75 Daily Volume 10.75 52-Week High % Change -67.91% Dividend Yield 0.00 52-Week Low % Change 10.26% Beta 0.91 % 52 Week Price Range High/Low 11.58% Equity Float 540.59 Shares Out 30.04.2013 855.5 Short Int - 91.96 1 Yr Total Return -51.14% Total Debt 0.00 YTD Return -52.22% Preferred Stock 0.0 Adjusted BETA 0.908 Minority Interest 2.5 Analyst Recs 1 Cash and Equivalents 2.87 Consensus Rating 4.000 Enterprise Value 91.55 Average Volume 5 Day 664'383 PGD LN EQUITY YTD Change - Average Volume 30 Day 1'413'518 PGD LN EQUITY YTD % CHANGE - Average Volume 3 Month 1'463'209 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - - - - - - - - - (5.8) (7.3) (11.3) (32.6) (15.8) - - - - - - - - - - - - - - - - - (5.8) (7.3) (11.3) (33.2) (13.1) - - - - - - - - - - - - - - - - - EBITDA -15.81 Long-Term Rating Date - EBIT -16.48 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -39.10% Short-Term Rating - Return on Common Equity -54.75% Return on Capital - EBITDA/Interest Exp. -368.56 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -457.66 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 1.80 Net Fixed Asset Turnover 0.00 Quick Ratio 0.78 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 441.36 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 0.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Patagonia Gold PLC Price/Volume Valuation Analysis 442'856.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type DIRECTOR & RELATED H Multiple Portfolios REG 149'037'867 17.42 2'753'684 02.01.2013 Other BLACKROCK n/a ULT-AGG 140'259'219 16.4 (116'604) 14.05.2013 Investment Advisor MIGUENS CARLOS JOSE n/a RNS-DIR 125'072'109 14.62 - 03.05.2013 n/a UBS n/a ULT-AGG 96'575'359 11.29 590'460 02.01.2013 Unclassified CINCO VIENTOS URUGUA Multiple Portfolios REG 50'361'585 5.89 9'636'316 02.01.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 41'728'143 4.88 - 15.05.2013 Investment Advisor VAN ECK GLOBAL Multiple Portfolios REG 36'986'715 4.32 (1'116'233) 02.01.2013 Unclassified MIGUENS DIEGO n/a Co File 29'562'152 3.46 - 24.04.2012 n/a TAHEH INTERNATIONAL Multiple Portfolios REG 28'353'264 3.31 - 02.01.2013 Other BARRICK GOLD CORP Multiple Portfolios REG 28'323'264 3.31 - 02.01.2013 Corporation MIGUENS CRISTINA n/a Co File 24'485'645 2.86 - 24.04.2012 n/a HUMPHRIES WILLIAM HE n/a RNS-DIR 23'296'857 2.72 4'403'000 27.06.2012 n/a HARGREAVE n/a ULT-AGG 16'987'188 1.99 4'345'000 02.01.2013 Unclassified PRIVATE INDIVIDUALS Multiple Portfolios REG 13'399'969 1.57 (908'112) 02.01.2013 Other COUTTS PRIVATE BANKI Multiple Portfolios REG 12'894'789 1.51 - 02.01.2013 Unclassified F&C FUND MANAGEMENT Multiple Portfolios MF-AGG 9'941'137 1.16 - 28.02.2013 Investment Advisor F&C ASSET MANAGEMENT Multiple Portfolios REG 9'722'734 1.14 (2'554'143) 02.01.2013 Investment Advisor CRAVEN JOHN ANTHONY n/a Co File 9'455'190 1.11 - 24.04.2012 n/a WALKER CRIPS STOCKBR Multiple Portfolios REG 9'385'378 1.1 (231'500) 02.01.2013 Other INVESTEC WEALTH & IN Multiple Portfolios REG 7'247'490 0.85 (38'500) 02.01.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Mirabaud Securities NICHOLAS CHALMERS speculative buy 4 M 35 12 month 04.12.2012 Holdings By: Patagonia Gold PLC All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Gryphon Minerals Ltd. explores for gold. The Company operates on the Banfora Gold Project in Burkina Faso, Africa, and properties in Mauritania. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (24.09.2012) 0.99 52-Week Low (02.05.2013) 0.19 Daily Volume 0.23 52-Week High % Change -76.77% Dividend Yield 0.00 52-Week Low % Change 24.32% Beta 1.47 % 52 Week Price Range High/Low 5.59% Equity Float 390.07 Shares Out 31.12.2012 400.5 Short Int 13.71 92.11 1 Yr Total Return -64.06% Total Debt 0.00 YTD Return -55.34% Preferred Stock 0.0 Adjusted BETA 1.465 Minority Interest 0.0 Analyst Recs 13 Cash and Equivalents 46.22 Consensus Rating 4.000 Enterprise Value 41.45 Average Volume 5 Day 4'069'073 GRY AU EQUITY YTD Change - Average Volume 30 Day 3'923'475 GRY AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'666'811 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - 0.8 1.4 - - - - - - - - - 62.07x 86.73x - - (3.3) (2.7) (3.9) (15.9) (8.0) - - (10.2) (8.8) - - - - - - - - - - - - - (3.1) (2.3) (3.2) (8.9) (5.9) - - (8.6) (6.7) - - - - - - - - - - - - - EBITDA -8.04 Long-Term Rating Date - EBIT -8.20 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -1.76% Short-Term Rating - Return on Common Equity -1.82% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 3.81 Net Fixed Asset Turnover 0.00 Quick Ratio 3.75 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Gryphon Minerals Ltd Price/Volume Valuation Analysis 5'524'442.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 47'385'165 11.83 681'722 15.05.2013 Investment Advisor GENESIS ASSET MANAGE n/a EXCH 28'079'256 7.01 7'396'732 07.05.2013 Investment Advisor COMMONWEALTH BANK OF n/a EXCH 19'591'128 4.89 - 20.11.2012 Bank AMP LTD n/a EXCH 16'488'127 4.12 (985'067) 22.10.2012 Insurance Company ROYAL BANK OF CANADA n/a ULT-AGG 14'803'493 3.7 (160'194) 05.04.2011 Bank NORGES BANK Multiple Portfolios MF-AGG 13'598'508 3.4 - 31.12.2012 Government JP MORGAN n/a ULT-AGG 10'018'063 2.5 2'579'872 31.03.2013 Investment Advisor PARSONS STEPHEN n/a EXCH 6'990'601 1.75 - 18.12.2012 n/a GCIC LTD/CANADA Multiple Portfolios MF-AGG 6'850'000 1.71 1'850'000 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 5'590'010 1.4 - 31.03.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 5'507'628 1.38 1'032'776 31.08.2011 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 4'493'276 1.12 - 14.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 3'934'525 0.98 - 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 3'498'398 0.87 - 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 2'360'000 0.59 - 29.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 2'139'152 0.53 - 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'939'645 0.48 350'148 31.03.2013 Investment Advisor NETHERWAY DAVID GEOR n/a Co File 1'847'374 0.46 - 30.06.2012 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'820'050 0.45 (10'410) 30.09.2012 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 1'634'666 0.41 (530'000) 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER buy 5 M 1 Not Provided 13.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 1 12 month 03.05.2013 Macquarie MITCH RYAN neutral 3 M 1 12 month 26.04.2013 RBC Capital Markets GEOFF BREEN sector perform 3 M 0 12 month 25.04.2013 GMP LEVI SPRY buy 5 M 0 Not Provided 24.04.2013 Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 0 12 month 22.04.2013 Argonaut Securities Pty Ltd TROY IRVIN speculative buy 4 M 1 Not Provided 19.04.2013 BMO Capital Markets ANDREW BREICHMANAS speculative outperform 4 M 1 Not Provided 15.04.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 1 Not Provided 03.04.2013 RBS Morgans JAMES WILSON outperform 5 M 1 12 month 06.03.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 01.03.2013 Paradigm Capital Inc DON MACLEAN speculative buy 4 M 1 12 month 01.02.2013 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 DJ Carmichael Pty Ltd PAUL ADAMS speculative buy 4 M #N/A N/A Not Provided 24.08.2011 Holdings By: Gryphon Minerals Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 DRDGOLD Limited is a mid-tier, unhedged gold producer with a mix of assets. The Company's assets include underground mines and surface re-treatment operation and exploration activities in South Africa. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (19.02.2013) 8.59 52-Week Low (31.08.2012) 5.35 Daily Volume 6.09 52-Week High % Change -29.10% Dividend Yield - 52-Week Low % Change 13.83% Beta 0.79 % 52 Week Price Range High/Low 22.84% Equity Float - Shares Out 31.03.2013 38.5 Short Int 0.06 234.70 1 Yr Total Return 10.41% Total Debt 30.69 YTD Return -22.84% Preferred Stock 0.0 Adjusted BETA 0.792 Minority Interest 136.7 Analyst Recs 2 Cash and Equivalents 298.51 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 93'907 DRD US EQUITY YTD Change - Average Volume 30 Day 95'857 DRD US EQUITY YTD % CHANGE - Average Volume 3 Month 138'084 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 1'843.9 1'910.7 1'990.5 1'379.5 1'764.2 2'000.9 2'031.9 2'129.1 2'545.8 - - 0.86x 1.10x 0.64x 0.79x 1.09x 2.92x 4.62x - - - - 162.1 6.9 212.5 225.7 370.8 408.0 411.6 526.4 795.5 - - 9.75x 301.94x 6.03x 4.83x 5.21x 4.50x 6.72x - - - - 996.0 129.1 207.8 (287.9) 308.7 (117.3) 291.8 307.1 462.1 - - - - - - - 0.00x 0.00x 7.11x 4.71x - - EBITDA 370.76 Long-Term Rating Date - EBIT 249.91 Long-Term Rating - Operating Margin 14.17% Long-Term Outlook - Pretax Margin 14.79% Short-Term Rating Date - Return on Assets 10.71% Short-Term Rating - Return on Common Equity 19.27% Return on Capital - EBITDA/Interest Exp. 23.65 Asset Turnover 0.75% (EBITDA-Capex)/Interest Exp. 2.40 Net Debt/EBITDA -0.58 Gross Margin 20.6% Total Debt/EBITDA 0.42 EBITDA Margin 20.4% EBIT Margin 13.8% Total Debt/Equity 2.0% Net Income Margin 17.5% Total Debt/Capital 1.8% Asset Turnover 0.75 Current Ratio 1.80 Net Fixed Asset Turnover 1.17 Quick Ratio 1.15 Accounts receivable turnover-days - Debt to Assets 1.23% Inventory Days - Tot Debt to Common Equity 2.05% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended DRDGOLD Ltd Price/Volume Valuation Analysis 70'829.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SKAGEN AS Multiple Portfolios MF-AGG 3'724'701 9.66 - 27.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 1'073'033 2.78 141'063 15.05.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 536'792 1.39 (58'369) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 442'970 1.15 52'500 31.03.2013 Hedge Fund Manager US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 125'000 0.32 15'000 31.03.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 115'000 0.3 - 31.01.2013 Investment Advisor BRANCH BANKING & TRU BRANCH BANKING AND T 13F 110'000 0.29 - 31.03.2013 Bank ROTHSCHILD & COMPAGN Multiple Portfolios MF-AGG 100'000 0.26 - 31.01.2013 Investment Advisor OXFORD ASSET MANAGEM OXFORD ASSET MANAGEM 13F 61'336 0.16 43'360 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 49'176 0.13 17'676 31.03.2013 Investment Advisor FRANK RUSSELL TRUST FRANK RUSSELL COMPAN 13F 36'297 0.09 - 31.03.2013 Investment Advisor RUFFER LLP RUFFER LLP 13F 34'015 0.09 - 31.03.2013 Hedge Fund Manager APERIO GROUP LLC APERIO GROUP LLC 13F 33'383 0.09 3'750 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 28'300 0.07 - 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 28'300 0.07 - 31.03.2013 Investment Advisor COMMONWEALTH OF PENN COMMONWEALTH OF PENN 13F 26'529 0.07 - 31.03.2013 Pension Fund (ERISA) BLACKROCK n/a ULT-AGG 20'181 0.05 20'133 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 19'729 0.05 3'502 31.03.2013 Investment Advisor O'SHAUGHNESSY ASSET O'SHAUGHNESSY ASSET 13F 11'452 0.03 5'671 31.03.2013 Investment Advisor PHILADELPHIA INTERNA PHILADELPHIA INTERNA 13F 9'000 0.02 9'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 07.05.2013 Holdings By: DRDGOLD Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Red 5 Limited is a minieral exploration and development company. The Company's principal asset is the Siana Gold Project in the Philippines held under a Mineral Production Sharing Agreement by a Red5 Philippine compliant company. Red 5's second asset is the Mapawa MPSA, located north of Siana. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (05.10.2012) 1.75 52-Week Low (18.04.2013) 0.56 Daily Volume 0.62 52-Week High % Change -64.57% Dividend Yield 0.00 52-Week Low % Change 11.71% Beta 1.52 % 52 Week Price Range High/Low 5.44% Equity Float 134.28 Shares Out 31.12.2012 135.5 Short Int 0.79 84.00 1 Yr Total Return -53.03% Total Debt 0.00 YTD Return -50.40% Preferred Stock 0.0 Adjusted BETA 1.516 Minority Interest (0.4) Analyst Recs 2 Cash and Equivalents 13.46 Consensus Rating 2.000 Enterprise Value 92.27 Average Volume 5 Day 0 RED AU EQUITY YTD Change - Average Volume 30 Day 124'305 RED AU EQUITY YTD % CHANGE - Average Volume 3 Month 213'705 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - - 0.0 4.3 - - 43.8 125.0 - - - - - - 42.84x - - 2.16x 0.42x - - (1.4) (1.5) (2.2) (5.2) (2.9) - - 8.0 72.4 - - - - - - - - - 11.47x 1.27x - - (0.6) (0.9) (0.4) (8.1) (1.7) - - (7.3) 33.5 - - - - - - - - - - 2.45x - - EBITDA -2.93 Long-Term Rating Date - EBIT -3.46 Long-Term Rating - Operating Margin -80.96% Long-Term Outlook - Pretax Margin -39.34% Short-Term Rating Date - Return on Assets -5.70% Short-Term Rating - Return on Common Equity -6.67% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.10% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 38.2% Total Debt/EBITDA -4.91 EBITDA Margin -29.5% EBIT Margin -32.7% Total Debt/Equity 0.0% Net Income Margin -40.8% Total Debt/Capital 0.0% Asset Turnover 0.10 Current Ratio 2.36 Net Fixed Asset Turnover 0.28 Quick Ratio 1.34 Accounts receivable turnover-days 75.80 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 4.83 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Red 5 Ltd Price/Volume Valuation Analysis 68'467.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type FRANKLIN RESOURCES n/a ULT-AGG 17'841'590 13.17 40'000 28.03.2013 Investment Advisor BAKER STEEL GOLD FUN n/a Co File 11'095'633 8.19 - 24.09.2012 n/a JP MORGAN n/a ULT-AGG 9'638'245 7.11 (1'034'479) 31.12.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 9'206'232 6.79 - 15.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 6'663'000 4.92 - 27.12.2012 Hedge Fund Manager DEUTSCHE BANK AG n/a EXCH 3'958'183 2.92 (3'160'399) 24.06.2011 Investment Advisor GAMCO n/a ULT-AGG 2'208'823 1.63 - 31.12.2012 Unclassified FMR LLC n/a ULT-AGG 1'326'000 0.98 - 31.03.2013 Investment Advisor EDWARDS GREGORY CHAR n/a Co File 1'065'111 0.79 - 15.11.2012 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 679'951 0.5 - 30.09.2012 Investment Advisor EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 301'926 0.22 (100'000) 30.11.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 260'849 0.19 (2'137'799) 31.12.2012 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 66'444 0.05 - 31.01.2013 Investment Advisor SCANLAN GARY FRANCIS n/a EXCH 50'000 0.04 - 31.12.2012 n/a MOBILIA JOE n/a Co File 44'958 0.03 - 30.06.2012 n/a BLACKROCK n/a ULT-AGG 41'803 0.03 - 14.05.2013 Investment Advisor MILAZZO MARK FRANCIS n/a Co File 25'000 0.02 - 26.09.2012 n/a JACKSON COLIN GEORGE n/a Co File 22'500 0.02 - 26.09.2012 n/a BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 17'274 0.01 - 31.01.2013 Investment Advisor AUSTRALIAN INDEX INV Multiple Portfolios MF-AGG 1'081 0 - 30.04.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER Under Review #N/A N/A M #N/A N/A Not Provided 14.05.2013 Wilson HTM Investment Group CAMERON JUDD sell 1 M 1 Not Provided 17.04.2013 Evans & Partners Pty Ltd CATHY MOISES neutral 3 D #N/A N/A Not Provided 03.01.2013 Bell Potter CHRIS WHITEHEAD buy 5 M 3 12 month 01.03.2012 Holdings By: Red 5 Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Lingbao Gold Company Ltd. mines and smelts gold. The Company produces gold bullion, silver, copper products, and sulphuric acid. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (21.05.2012) 3.96 52-Week Low (16.05.2013) 2.05 Daily Volume 2.17 52-Week High % Change -45.20% Dividend Yield 4.07 52-Week Low % Change 5.85% Beta 0.80 % 52 Week Price Range High/Low 2.31% Equity Float 297.27 Shares Out 31.12.2012 297.3 Short Int - 1'679.09 1 Yr Total Return -32.29% Total Debt 4'216.29 YTD Return -31.33% Preferred Stock 0.0 Adjusted BETA 0.800 Minority Interest 46.7 Analyst Recs 4 Cash and Equivalents 267.94 Consensus Rating 3.500 Enterprise Value 5'324.93 Average Volume 5 Day 350'240 3330 HK EQUITY YTD Change - Average Volume 30 Day 486'344 3330 HK EQUITY YTD % CHANGE - Average Volume 3 Month 515'323 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/12 Q3 12/12 Q4 3'559.1 3'961.7 4'834.6 5'720.8 6'393.3 0.0 0.0 6'921.5 6'595.0 - - 0.72x 0.99x 1.40x 0.83x 0.93x #DIV/0! #DIV/0! 0.70x 0.72x - - 354.4 738.8 777.4 824.5 739.3 0.0 0.0 754.0 811.0 - - 7.26x 5.29x 8.71x 5.75x 8.05x 0.00x 0.00x 7.06x 6.57x - - 115.6 118.0 266.5 310.6 165.3 0.0 0.0 140.0 141.0 - - 11.63x 17.38x 16.59x 5.74x 12.10x 0.00x 0.00x 9.55x 9.29x - - EBITDA 739.33 Long-Term Rating Date - EBIT 469.78 Long-Term Rating - Operating Margin 7.35% Long-Term Outlook - Pretax Margin 3.51% Short-Term Rating Date - Return on Assets 2.28% Short-Term Rating - Return on Common Equity 7.05% Return on Capital 5.53% EBITDA/Interest Exp. 3.06 Asset Turnover 0.88% (EBITDA-Capex)/Interest Exp. 1.51 Net Debt/EBITDA 5.34 Gross Margin 12.6% Total Debt/EBITDA 5.70 EBITDA Margin 11.6% EBIT Margin 7.3% Total Debt/Equity 176.6% Net Income Margin 2.6% Total Debt/Capital 63.4% Asset Turnover 0.88 Current Ratio 1.10 Net Fixed Asset Turnover 2.55 Quick Ratio 0.20 Accounts receivable turnover-days 27.06 Debt to Assets 53.24% Inventory Days 173.83 Tot Debt to Common Equity 176.56% Accounts Payable Turnover Day 26.52 Accounts Receivable Turnover 13.52 Cash Conversion Cycle 174.37 Inventory Turnover 2.11 Fiscal Year Ended Lingbao Gold Co Ltd Price/Volume Valuation Analysis 1'498'000.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 0.0 1'000.0 2'000.0 3'000.0 4'000.0 5'000.0 6'000.0 7'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type BANK OF NEW YORK MEL n/a EXCH 27'842'000 9.37 - 20.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 23'758'000 7.99 - 15.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 7'502'000 2.52 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'308'000 0.78 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'608'558 0.54 (136'000) 31.03.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 1'310'000 0.44 (580'000) 30.06.2011 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 230'000 0.08 30'000 28.03.2013 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 190'000 0.06 - 31.01.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 160'000 0.05 - 31.01.2013 Investment Advisor HANDELSBANKEN FONDER Multiple Portfolios MF-AGG 122'000 0.04 - 31.03.2013 Investment Advisor NOMURA INTERNATIONAL Multiple Portfolios MF-AGG 68'000 0.02 - 31.03.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 07.05.2013 Guotai Junan KEVIN GUO neutral 3 M 2 Not Provided 22.04.2013 Credit Suisse OWEN LIANG underperform 1 D 2 Not Provided 09.04.2013 BOCOM International Holdings RONGJIN LUO long-term buy 5 M 7 12 month 13.07.2012 First Shanghai Securities Ltd ZHANG ZHIBIN buy 5 N 6 12 month 28.03.2012 Holdings By: Lingbao Gold Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 International Tower Hill Mines Ltd. acquires, explores, and evaluates mineral properties. The Company currently possesses an expanding portfolio of Alaskan and Nevada based gold and base metal exploration projects. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.06.2012) 3.75 52-Week Low (15.05.2013) 0.83 Daily Volume 0.8362 52-Week High % Change -77.70% Dividend Yield - 52-Week Low % Change 0.75% Beta 1.07 % 52 Week Price Range High/Low 0.21% Equity Float 85.66 Shares Out 06.05.2013 98.1 Short Int 0.37 82.00 1 Yr Total Return -68.21% Total Debt 0.00 YTD Return -61.47% Preferred Stock 0.0 Adjusted BETA 1.071 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 30.35 Consensus Rating 2.667 Enterprise Value 58.71 Average Volume 5 Day 149'346 THM US EQUITY YTD Change - Average Volume 30 Day 201'525 THM US EQUITY YTD % CHANGE - Average Volume 3 Month 259'741 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! - - (3.2) (7.3) (12.1) (9.9) (55.5) (15.2) (57.4) (17.2) (19.3) - - - - - - - 0.00x 0.00x - - - - (2.4) (9.8) (17.9) (10.2) (56.6) (16.6) (54.4) (13.2) (14.6) - - - - - - - 0.00x 0.00x - - - - EBITDA -55.52 Long-Term Rating Date - EBIT -55.55 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -38.25% Short-Term Rating - Return on Common Equity -46.46% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 8.39 Net Fixed Asset Turnover 0.00 Quick Ratio 8.17 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended International Tower Hill Mines Ltd Price/Volume Valuation Analysis 242'460.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 17'207'269 17.55 37'800 31.03.2013 Hedge Fund Manager ANGLOGOLD ASHANTI LT n/a SEDI 11'073'323 11.29 - 07.08.2012 Holding Company PAULSON & CO PAULSON & CO 13F 8'908'000 9.08 (41'654) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 6'906'702 7.04 493'586 15.05.2013 Investment Advisor TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 2'099'836 2.14 - 31.03.2013 Pension Fund (ERISA) WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 1'407'011 1.43 (519'400) 31.03.2013 Hedge Fund Manager ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 1'014'000 1.03 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 999'932 1.02 999'932 31.03.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 607'000 0.62 - 28.02.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 561'498 0.57 (338'927) 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 546'700 0.56 - 31.03.2013 Investment Advisor DRESCHER ANTON J n/a SEDI 489'218 0.5 (50'000) 21.12.2012 n/a AEGIS FINANCIAL CORP AEGIS FINANCIAL CORP 13F 403'449 0.41 403'449 31.03.2013 Investment Advisor PONTIUS JEFFREY A n/a SEDI 383'566 0.39 (195'600) 07.01.2013 n/a VANGUARD GROUP INC Multiple Portfolios MF-AGG 361'867 0.37 16'250 31.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 345'555 0.35 114'825 31.12.2012 Insurance Company CARRIERE DANIEL A n/a SEDI 294'735 0.3 - 22.11.2011 n/a TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 253'453 0.26 (12'997) 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 220'000 0.22 - 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 159'600 0.16 (74'000) 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 22.04.2013 BMO Capital Markets JOHN P HAYES Speculative Underperform 2 D #N/A N/A Not Provided 14.04.2013 Salman Partners DAVID WEST Under Review #N/A N/A M #N/A N/A Not Provided 08.11.2012 Holdings By: International Tower Hill Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Saracen Mineral Holdings Ltd. explores for and produces gold. The Company produces gold from its Carosue Dam mine located notheast of Kalgoorlie, Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (07.06.2012) 0.62 52-Week Low (24.04.2013) 0.14 Daily Volume 0.155 52-Week High % Change -74.80% Dividend Yield 0.00 52-Week Low % Change 10.71% Beta 1.17 % 52 Week Price Range High/Low 5.26% Equity Float 532.79 Shares Out 06.02.2013 595.3 Short Int 17.63 92.27 1 Yr Total Return -63.95% Total Debt 3.06 YTD Return -59.21% Preferred Stock 0.0 Adjusted BETA 1.173 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 20.31 Consensus Rating 3.857 Enterprise Value 99.84 Average Volume 5 Day 7'181'704 SAR AU EQUITY YTD Change - Average Volume 30 Day 7'507'578 SAR AU EQUITY YTD % CHANGE - Average Volume 3 Month 6'155'722 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 0.0 - 31.4 155.7 183.8 - - 211.2 230.8 - - - - 5.26x 1.58x 1.70x - - 0.53x 0.38x - - (1.9) (9.5) 14.7 59.5 63.1 - - 61.9 82.9 - - - - 11.26x 4.15x 4.96x - - 1.61x 1.21x - - (1.8) (10.0) (25.4) 47.7 18.7 - - 16.7 35.8 - - - - - 5.49x 16.82x - - 4.43x 2.25x - - EBITDA 63.08 Long-Term Rating Date - EBIT 36.49 Long-Term Rating - Operating Margin 19.86% Long-Term Outlook - Pretax Margin 14.53% Short-Term Rating Date - Return on Assets -5.47% Short-Term Rating - Return on Common Equity -7.16% Return on Capital - EBITDA/Interest Exp. 492.83 Asset Turnover 0.74% (EBITDA-Capex)/Interest Exp. -271.65 Net Debt/EBITDA 0.15 Gross Margin - Total Debt/EBITDA 0.28 EBITDA Margin 27.8% EBIT Margin 7.1% Total Debt/Equity 1.5% Net Income Margin 10.2% Total Debt/Capital 1.4% Asset Turnover 0.74 Current Ratio 3.39 Net Fixed Asset Turnover 1.33 Quick Ratio 0.96 Accounts receivable turnover-days 9.82 Debt to Assets 1.21% Inventory Days - Tot Debt to Common Equity 1.47% Accounts Payable Turnover Day - Accounts Receivable Turnover 37.26 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Saracen Mineral Holdings Ltd Price/Volume Valuation Analysis 6'924'324.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 40.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 42'407'248 7.12 6'250'328 15.05.2013 Investment Advisor RENAISSANCE SMALL CO n/a EXCH 37'893'341 6.37 7'527'707 27.03.2013 Other VINVA INVESTMENT MGM n/a EXCH 30'177'676 5.07 662'238 18.03.2013 Investment Advisor COMMONWEALTH BANK OF n/a EXCH 29'318'248 4.93 (1'361'474) 08.03.2012 Bank SPROTT INC n/a EXCH 28'800'451 4.84 (841'000) 27.01.2012 Hedge Fund Manager ARVE CHARLES n/a EXCH 28'685'450 4.82 (320'000) 19.07.2011 n/a JCP INVESTMENT PARTN n/a EXCH 26'084'770 4.38 (5'314'150) 09.02.2012 Investment Advisor BANK OF AMERICA CORP n/a EXCH 22'796'021 3.83 (2'168'808) 04.05.2011 Investment Advisor STALTARI GUIDO n/a Co File 14'407'252 2.42 - 31.08.2012 n/a CF RUFFER BAKER STEE n/a EXCH 14'000'000 2.35 (4'949'162) 26.05.2011 n/a JP MORGAN n/a ULT-AGG 12'874'879 2.16 (751'999) 31.12.2012 Investment Advisor GAMCO n/a ULT-AGG 6'500'000 1.09 4'500'000 31.12.2012 Unclassified UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 5'000'000 0.84 - 30.06.2012 Investment Advisor FMR LLC n/a ULT-AGG 4'816'787 0.81 1'824'299 31.03.2013 Investment Advisor GENUS DYNAMIC GOLD F n/a EXCH 4'100'000 0.69 (1'739'000) 26.05.2011 n/a NORGES BANK Multiple Portfolios MF-AGG 3'699'947 0.62 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 3'550'915 0.6 6'847 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'896'045 0.49 (43'038) 31.03.2013 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'671'902 0.45 (20'201) 30.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'632'614 0.27 - 14.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER speculative buy 4 M 0 12 month 13.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 0 Not Provided 19.04.2013 Argonaut Securities Pty Ltd TROY IRVIN buy 5 M 0 Not Provided 19.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 27.09.2012 Holdings By: Saracen Mineral Holdings Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Exeter Resource Corporation explores for, evaluates, and develops mineral deposits in South America. The Company's focus is on gold exploration in Argentina and Chile. Latest Fiscal Year: 12/2011 LTM as of: 12/yy 52-Week High (06.06.2012) 2.41 52-Week Low (15.05.2013) 0.73 Daily Volume 0.735 52-Week High % Change -69.49% Dividend Yield 0.00 52-Week Low % Change 0.68% Beta 0.76 % 52 Week Price Range High/Low 0.30% Equity Float 82.20 Shares Out 30.04.2013 88.4 Short Int 0.58 64.98 1 Yr Total Return -57.27% Total Debt 0.00 YTD Return -39.26% Preferred Stock 0.0 Adjusted BETA 0.764 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 55.52 Consensus Rating 2.750 Enterprise Value 9.46 Average Volume 5 Day 127'680 XRA US EQUITY YTD Change - Average Volume 30 Day 172'186 XRA US EQUITY YTD % CHANGE - Average Volume 3 Month 203'101 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (27.4) (27.6) (29.9) (31.8) (26.0) (31.8) (25.9) (11.7) (11.5) - - - - - - - 0.00x 0.00x - - - - (27.0) (27.3) 83.8 (30.9) (25.2) (31.0) (25.2) (11.7) (11.5) - - - - - - - 0.00x 0.00x - - - - EBITDA -25.97 Long-Term Rating Date - EBIT -26.09 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -39.05% Short-Term Rating - Return on Common Equity -39.92% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 60.65 Net Fixed Asset Turnover 0.00 Quick Ratio 60.55 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Exeter Resource Corp Price/Volume Valuation Analysis 240'337.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 1.8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 6'743'839 7.63 885'959 15.05.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 3'050'700 3.45 - 31.03.2013 Hedge Fund Manager TSP CAPITAL MANAGEME TSP CAPITAL MANAGEME 13F 2'964'000 3.35 551'000 31.03.2013 Investment Advisor ROWEN COMPANY LTD n/a SEDI 2'600'000 2.94 100'000 09.02.2012 Corporation SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 2'445'758 2.77 - 31.03.2013 Hedge Fund Manager POLYGON MANAGEMENT L POLYGON MANAGEMENT L 13F 2'062'713 2.33 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'712'875 1.94 1'712'875 31.03.2013 Investment Advisor SIMPSON YALE R n/a SEDI 1'709'350 1.93 13'600 26.12.2012 n/a SPROTT INC SPROTT INC 13F 1'643'300 1.86 (1'684'900) 31.03.2013 Hedge Fund Manager LIBRA ADVISORS LLC LIBRA ADVISORS LLC 13F 1'412'888 1.6 (134'100) 31.03.2013 Hedge Fund Manager ROXBURGH BRYCE G n/a SEDI 1'409'450 1.59 - 02.05.2011 n/a RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 920'100 1.04 112'400 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 785'000 0.89 - 31.03.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 642'545 0.73 - 31.03.2013 Corporation TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 637'517 0.72 242'315 31.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 537'725 0.61 329'447 31.12.2012 Insurance Company ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 530'200 0.6 530'200 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 500'000 0.57 - 31.12.2012 Investment Advisor OPPENHEIMER & CO INC OPPENHEIMER & CO INC 13F 412'450 0.47 9'589 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 272'300 0.31 (100) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date TD Securities DANIEL EARLE speculative buy 4 M 1 12 month 23.04.2013 Salman Partners DAVID WEST speculative buy 4 M 8 Not Provided 17.04.2013 BMO Capital Markets JOHN P HAYES Speculative Underperform 2 D #N/A N/A Not Provided 14.04.2013 Mine2Capital Inc ALKA SINGH sell 1 M 1 Not Provided 04.02.2013 Holdings By: Exeter Resource Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Richmont Mines, Inc. is a Canadian gold mining company. The Company owns and operates the Francoeur, Beaufor and East Amphi mines located in Quebec, the Nugget Pond and Hammerdown mines in Newfoundland, and the Island Gold Mine in Ontario. Latest Fiscal Year: 12/2008 LTM as of: 03/yy 52-Week High (06.06.2012) 6.77 52-Week Low (15.05.2013) 1.75 Daily Volume 1.78 52-Week High % Change -73.71% Dividend Yield 0.00 52-Week Low % Change 1.71% Beta 1.19 % 52 Week Price Range High/Low 0.60% Equity Float 33.24 Shares Out 30.04.2013 39.6 Short Int 0.64 70.48 1 Yr Total Return -65.64% Total Debt 1.63 YTD Return -40.86% Preferred Stock 0.0 Adjusted BETA 1.192 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 59.84 Consensus Rating 4.333 Enterprise Value 30.02 Average Volume 5 Day 109'629 RIC US EQUITY YTD Change - Average Volume 30 Day 123'693 RIC US EQUITY YTD % CHANGE - Average Volume 3 Month 135'462 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 70.6 71.9 90.5 118.6 101.7 119.9 100.0 105.0 134.0 - - 0.43x 1.15x 1.31x 2.51x 0.59x 8.05x 3.62x - - - - 9.8 6.9 19.7 40.5 8.2 35.4 2.9 - - - - 3.07x 11.99x 5.99x 7.36x 7.34x 5.64x 23.60x - - - - 1.6 0.3 9.3 25.9 (45.0) 19.2 (49.3) 2.0 17.0 - - 29.71x - 16.48x 14.78x - 13.36x 0.00x 40.28x 5.03x - - EBITDA 8.18 Long-Term Rating Date - EBIT -2.59 Long-Term Rating - Operating Margin -2.54% Long-Term Outlook - Pretax Margin -2.56% Short-Term Rating Date - Return on Assets -29.97% Short-Term Rating - Return on Common Equity -38.71% Return on Capital - EBITDA/Interest Exp. 12.48 Asset Turnover 0.61% (EBITDA-Capex)/Interest Exp. -45.23 Net Debt/EBITDA -14.42 Gross Margin 27.5% Total Debt/EBITDA 0.69 EBITDA Margin 2.9% EBIT Margin -7.9% Total Debt/Equity 1.4% Net Income Margin -44.2% Total Debt/Capital 1.4% Asset Turnover 0.61 Current Ratio 3.63 Net Fixed Asset Turnover 1.23 Quick Ratio 3.04 Accounts receivable turnover-days 12.33 Debt to Assets 1.10% Inventory Days 37.17 Tot Debt to Common Equity 1.38% Accounts Payable Turnover Day 70.32 Accounts Receivable Turnover 29.61 Cash Conversion Cycle -23.79 Inventory Turnover 9.82 Fiscal Year Ended Richmont Mines Inc Price/Volume Valuation Analysis 189'349.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type OXBRIDGE BANK & TRUS n/a PROXY 5'016'363 12.67 - 28.03.2013 Investment Advisor RESOLUTE FUNDS LTD n/a 13G 3'617'600 9.14 487'600 28.01.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 3'048'064 7.7 402'996 15.05.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 2'730'000 6.89 - 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 1'999'000 5.05 (61'300) 31.03.2013 Hedge Fund Manager CHAMANDY H GREGORY n/a SEDI 995'509 2.51 14 11.01.2012 n/a FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 710'095 1.79 420'295 31.03.2013 Investment Advisor PARADIGM CAPITAL MAN PARADIGM CAPITAL MAN 13F 675'305 1.71 2'325 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 549'500 1.39 (96'000) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 463'880 1.17 145'038 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 416'816 1.05 415'383 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 310'000 0.78 50'000 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 302'900 0.76 (1'697'100) 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 230'900 0.58 85'600 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 188'200 0.48 3'000 31.03.2013 Pension Fund (ERISA) HOULE REJEAN n/a SEDI 76'500 0.19 - 09.03.2012 n/a CARMEL PAUL R n/a SEDI 63'000 0.16 10'000 11.03.2013 n/a ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 60'900 0.15 (862'865) 31.03.2013 Investment Advisor GOLDMAN SACHS ASSET Multiple Portfolios MF-AGG 57'200 0.14 (57'200) 30.11.2012 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 55'750 0.14 - 31.03.2013 Holding Company Firm Name Analyst Recommendation Weighting Change Target Price Date Date Desjardins Securities ADAM MELNYK buy 5 M 3 12 month 10.05.2013 CIBC World Markets KEVIN CHIEW sector perform 3 M 4 Not Provided 09.05.2013 Casimir Capital ERIC ALLISON overweight 5 M 5 12 month 04.12.2012 Holdings By: Richmont Mines Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Ramelius Resources Limited is a gold exploration and production company with exploration activities focused in Western Australia. The Company also explores for base metals. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (06.06.2012) 0.66 52-Week Low (30.04.2013) 0.20 Daily Volume 0.205 52-Week High % Change -68.70% Dividend Yield 0.00 52-Week Low % Change 2.50% Beta 0.96 % 52 Week Price Range High/Low 2.20% Equity Float 307.09 Shares Out 08.05.2013 337.7 Short Int 5.69 69.24 1 Yr Total Return -57.29% Total Debt 4.24 YTD Return -53.41% Preferred Stock 0.0 Adjusted BETA 0.959 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 48.76 Consensus Rating 3.667 Enterprise Value 29.93 Average Volume 5 Day 1'026'590 RMS AU EQUITY YTD Change - Average Volume 30 Day 1'388'081 RMS AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'929'367 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 14.9 19.9 61.3 148.1 84.3 - - 128.0 167.0 - - 6.95x - 0.81x 1.95x 1.40x - - 0.36x 0.03x - - 2.2 11.8 38.0 108.6 12.8 - - 25.2 54.4 - - 46.27x - 1.30x 2.66x 9.27x - - 1.19x 0.55x - - 0.6 5.0 20.2 62.4 2.3 - - 2.8 28.1 - - 191.25x 19.23x 5.93x 5.98x 66.44x - - 25.63x 2.41x - - EBITDA 12.78 Long-Term Rating Date - EBIT 1.64 Long-Term Rating - Operating Margin 1.94% Long-Term Outlook - Pretax Margin 5.19% Short-Term Rating Date - Return on Assets -6.80% Short-Term Rating - Return on Common Equity -9.34% Return on Capital - EBITDA/Interest Exp. 6.84 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -31.59 Net Debt/EBITDA - Gross Margin 32.6% Total Debt/EBITDA -0.36 EBITDA Margin -9.1% EBIT Margin -19.7% Total Debt/Equity 2.1% Net Income Margin 2.8% Total Debt/Capital 2.0% Asset Turnover 0.40 Current Ratio 3.17 Net Fixed Asset Turnover 0.71 Quick Ratio 1.53 Accounts receivable turnover-days 20.11 Debt to Assets 1.49% Inventory Days 61.01 Tot Debt to Common Equity 2.09% Accounts Payable Turnover Day 65.93 Accounts Receivable Turnover 18.20 Cash Conversion Cycle 130.79 Inventory Turnover 6.00 Fiscal Year Ended Ramelius Resources Ltd Price/Volume Valuation Analysis 1'355'166.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SPROTT INC n/a EXCH 23'947'605 7.09 (5'818'592) 06.02.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 23'646'913 7 - 15.05.2013 Investment Advisor PARADICE INVESTMENT n/a EXCH 15'269'179 4.52 (3'686'804) 16.04.2013 Investment Advisor BEACH ENERGY LTD n/a EXCH 14'053'269 4.16 (6'046'734) 21.06.2011 Corporation MANDURANG PTY LTD n/a EXCH 6'442'856 1.91 - 27.02.2013 Other NELSON REGINALD GEOR n/a Co File 5'331'984 1.58 - 27.08.2012 n/a NORGES BANK Multiple Portfolios MF-AGG 3'114'406 0.92 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 2'789'435 0.83 - 31.01.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 2'510'025 0.74 (197'128) 31.08.2011 Investment Advisor HOULDSWORTH JOSEPH F n/a EXCH 2'374'259 0.7 - 26.05.2011 n/a SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'125'196 0.63 256'211 31.03.2013 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'787'654 0.53 1'526 30.09.2012 Investment Advisor KENNEDY ROBERT MICHA n/a EXCH 1'557'144 0.46 90'000 27.02.2013 n/a FMR LLC n/a ULT-AGG 980'000 0.29 - 31.03.2013 Investment Advisor GORDON IAN JAMES n/a EXCH 796'021 0.24 (303'000) 01.05.2013 n/a PRUDENTIAL FINANCIAL n/a ULT-AGG 608'253 0.18 - 28.03.2013 Investment Advisor MERRICKS CAPITAL SPE n/a EXCH 279'000 0.08 - 28.07.2010 Other VANGUARD GROUP INC Multiple Portfolios MF-AGG 180'600 0.05 (1'500'049) 31.12.2012 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 156'786 0.05 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 121'715 0.04 - 14.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 0 12 month 22.04.2013 Ord Minnett DAVID BRENNAN buy 5 M 0 Not Provided 17.04.2013 EVA Dimensions TEAM COVERAGE underweight 1 D #N/A N/A Not Provided 05.09.2012 Casimir Capital ERIC ALLISON overweight 5 M 1 12 month 06.05.2012 Holdings By: Ramelius Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Golden Minerals Company is a mining company with a focus on exploration, development, providing mining services, and growth through strategic business transactions. The Company manages the San Cristobal silver and zinc mine in Bolivia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.09.2012) 7.22 52-Week Low (17.04.2013) 1.46 Daily Volume 1.5 52-Week High % Change -79.22% Dividend Yield 0.00 52-Week Low % Change 2.74% Beta 1.65 % 52 Week Price Range High/Low 0.69% Equity Float 33.77 Shares Out 08.05.2013 43.3 Short Int 5.14 64.90 1 Yr Total Return -62.96% Total Debt 0.00 YTD Return -67.32% Preferred Stock 0.0 Adjusted BETA 1.650 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 44.65 Consensus Rating 2.750 Enterprise Value 28.69 Average Volume 5 Day 273'158 AUMN US EQUITY YTD Change - Average Volume 30 Day 328'438 AUMN US EQUITY YTD % CHANGE - Average Volume 3 Month 349'054 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 419.5 12.4 11.2 1.8 26.1 8.2 25.5 32.5 52.1 5.8 7.5 - 1.87x 25.16x 86.44x 5.90x 98.33x 18.02x - - - - 25.0 (14.2) (32.0) (63.8) (34.7) (58.8) (23.9) (21.5) (7.9) (6.2) (5.9) - - - - - 0.00x 0.00x - - - - (118.2) 211.3 (33.3) (62.7) (92.0) (56.9) (88.2) (22.7) (22.1) (6.2) (6.0) - 1.31x - - - 0.00x 0.00x - - - - EBITDA -34.71 Long-Term Rating Date - EBIT -44.73 Long-Term Rating - Operating Margin -171.46% Long-Term Outlook - Pretax Margin -383.50% Short-Term Rating Date - Return on Assets -24.18% Short-Term Rating - Return on Common Equity -29.54% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.07% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin -66.3% Total Debt/EBITDA 0.00 EBITDA Margin -133.1% EBIT Margin -171.5% Total Debt/Equity 0.0% Net Income Margin -352.8% Total Debt/Capital 0.0% Asset Turnover 0.07 Current Ratio 4.12 Net Fixed Asset Turnover 0.09 Quick Ratio 3.45 Accounts receivable turnover-days 18.30 Debt to Assets 0.00% Inventory Days 36.70 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 63.13 Accounts Receivable Turnover 20.00 Cash Conversion Cycle -8.14 Inventory Turnover 9.97 Fiscal Year Ended Golden Minerals Co Price/Volume Valuation Analysis 262'701.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SENTIENT GLB RES IV n/a Form 4 4'483'944 10.36 1'365'794 19.09.2012 Other SENTIENT GLB FND III n/a 13D 3'582'746 8.28 - 19.09.2012 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 2'834'620 6.55 442'156 15.05.2013 Investment Advisor GILDER GAGNON HOWE GILDER GAGNON HOWE 13F 1'640'517 3.79 (67'203) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 1'477'047 3.41 62'733 14.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 1'065'344 2.46 (449'632) 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 706'350 1.63 - 30.06.2012 Investment Advisor CLEVENGER JEFFREY G n/a Form 4 540'756 1.25 285'700 14.12.2012 n/a SPROTT INC SPROTT INC 13F 513'400 1.19 (48'900) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 494'651 1.14 (200) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 457'054 1.06 (8'854) 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 441'479 1.02 (7'270) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 357'876 0.83 50'235 31.03.2013 Investment Advisor SGRF III PARALLEL I n/a 13D 357'044 0.83 - 19.09.2012 Other SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 254'630 0.59 (156'257) 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 223'748 0.52 (127'252) 28.09.2012 Investment Advisor BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 202'002 0.47 (3'325) 28.02.2013 Investment Advisor GEODE CAPITAL MANAGE GEODE CAPITAL MANAGE 13F 179'519 0.41 2'169 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 169'397 0.39 10'600 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 162'000 0.37 - 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 14.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Stonegate Securities Inc MARCO RODRIGUEZ no rating system #N/A N/A M #N/A N/A Not Provided 10.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL hold 3 M 4 12 month 07.05.2013 TD Securities DANIEL EARLE reduce 2 M 1 12 month 23.04.2013 Holdings By: Golden Minerals Co All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 San Gold Corporation explores and develops mineral properties. The Company is focusing on the development of its gold mine located in Manitoba, Canada. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 1.61 52-Week Low (15.05.2013) 0.13 Daily Volume 0.135 52-Week High % Change -91.61% Dividend Yield 0.00 52-Week Low % Change 3.85% Beta 1.38 % 52 Week Price Range High/Low 0.34% Equity Float 323.26 Shares Out 30.04.2013 335.2 Short Int 0.11 45.26 1 Yr Total Return -88.46% Total Debt 3.12 YTD Return -82.47% Preferred Stock 0.0 Adjusted BETA 1.383 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 11.58 Consensus Rating 2.429 Enterprise Value 36.80 Average Volume 5 Day 3'470'421 SGR CN EQUITY YTD Change - Average Volume 30 Day 1'875'312 SGR CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'250'330 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 8.7 27.8 58.0 114.1 142.1 129.8 131.0 131.0 168.0 - - 31.33x 34.61x 19.66x 5.05x 1.76x 20.38x 6.67x - - - - (44.1) (29.7) (18.9) 12.5 35.9 21.6 27.6 27.2 37.6 - - - - - 46.18x 6.96x 20.29x 0.00x 1.36x 0.98x - - (33.4) (29.5) (24.6) (5.1) (13.2) (0.4) (22.2) (12.3) 2.5 - - - - - - - 0.00x 0.00x - - - - EBITDA 35.89 Long-Term Rating Date - EBIT -12.41 Long-Term Rating - Operating Margin -8.73% Long-Term Outlook - Pretax Margin -12.29% Short-Term Rating Date - Return on Assets -5.23% Short-Term Rating - Return on Common Equity -5.91% Return on Capital - EBITDA/Interest Exp. 91.77 Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. -106.87 Net Debt/EBITDA -0.24 Gross Margin 14.5% Total Debt/EBITDA 0.09 EBITDA Margin 25.2% EBIT Margin -16.2% Total Debt/Equity 1.3% Net Income Margin -9.3% Total Debt/Capital 1.3% Asset Turnover 0.56 Current Ratio 1.46 Net Fixed Asset Turnover 0.72 Quick Ratio 0.86 Accounts receivable turnover-days 32.64 Debt to Assets 1.17% Inventory Days 43.94 Tot Debt to Common Equity 1.34% Accounts Payable Turnover Day 34.65 Accounts Receivable Turnover 11.21 Cash Conversion Cycle 41.93 Inventory Turnover 8.33 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended San Gold Corp Price/Volume Valuation Analysis 3'774'848.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 26'050'272 7.77 - 15.05.2013 Investment Advisor GCIC LTD/CANADA n/a Co File 24'950'000 7.44 (16'675'000) 30.04.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 13'600'000 4.06 - 28.02.2013 Investment Advisor JOHN HANCOCK ADVISER Multiple Portfolios MF-AGG 13'296'317 3.97 1'137'742 31.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 9'190'700 2.74 20'500 31.12.2012 Hedge Fund Manager IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 9'041'600 2.7 - 31.01.2013 Investment Advisor MANULIFE ASSET MANAG Multiple Portfolios MF-AGG 8'581'053 2.56 2'724'250 28.02.2013 Investment Advisor WYNNE HUGH n/a SEDI 8'234'002 2.46 74'000 18.04.2013 n/a FRANKLIN RESOURCES n/a ULT-AGG 8'001'200 2.39 45'000 28.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 3'188'303 0.95 - 28.09.2012 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'875'000 0.56 (193'600) 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 1'866'900 0.56 (140'000) 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'600'000 0.48 - 27.03.2013 Investment Advisor SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 1'600'000 0.48 (300'000) 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'378'186 0.41 - 31.03.2013 Investment Advisor BHR FUND ADVISORS LP Multiple Portfolios MF-AGG 1'375'000 0.41 (25'000) 28.02.2013 Investment Advisor GINN DALE n/a SEDI 1'356'140 0.4 20'000 16.04.2013 n/a SHARE SICAV Multiple Portfolios MF-AGG 1'306'600 0.39 176'300 31.12.2012 Investment Advisor FORUM INVESTMENT ADV Multiple Portfolios MF-AGG 1'214'755 0.36 796'340 31.12.2012 Investment Advisor HUBERT BENJAMIN ARTH n/a SEDI 1'181'200 0.35 (50'000) 03.05.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets COSMOS CHIU sector underperform 1 M 0 Not Provided 13.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 0 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS underperform 1 M 0 12 month 13.05.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 0 Not Provided 10.05.2013 TD Securities DANIEL EARLE hold 3 M 0 12 month 23.04.2013 National Bank Financial PAOLO LOSTRITTO Under Review #N/A N/A M #N/A N/A Not Provided 17.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 13.02.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 Holdings By: San Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Orezone Gold Corporation is a gold exploration and development company. The Company is focused on the discovery and development of gold deposits in West Africa. Orezone Gold's current focus is projects in Burkina Faso. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (20.09.2012) 2.47 52-Week Low (15.05.2013) 0.63 Daily Volume 0.67 52-Week High % Change -72.87% Dividend Yield 0.00 52-Week Low % Change 6.35% Beta 1.16 % 52 Week Price Range High/Low 2.17% Equity Float 80.61 Shares Out 30.04.2013 85.7 Short Int 0.35 57.41 1 Yr Total Return -56.21% Total Debt 0.00 YTD Return -60.59% Preferred Stock 0.0 Adjusted BETA 1.160 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 16.83 Consensus Rating 4.273 Enterprise Value 39.54 Average Volume 5 Day 253'343 ORE CN EQUITY YTD Change - Average Volume 30 Day 470'541 ORE CN EQUITY YTD % CHANGE - Average Volume 3 Month 312'001 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.2) (2.0) (8.4) (31.6) (28.5) (31.6) (28.5) (15.4) 7.2 - - - - - - - 0.00x 0.00x - 5.46x - - (12.8) (1.8) (8.9) (30.3) (4.8) (30.3) (4.8) (15.1) (10.2) - - - - - - - 0.00x 0.00x - - - - EBITDA -28.53 Long-Term Rating Date - EBIT -29.71 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -13.42% Short-Term Rating - Return on Common Equity -14.02% Return on Capital - EBITDA/Interest Exp. -1875.44 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1968.91 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 9.69 Net Fixed Asset Turnover - Quick Ratio 8.98 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 4771.61 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 0.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Orezone Gold Corp Price/Volume Valuation Analysis 323'889.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a SEDI 12'024'600 14.03 3'654'500 13.07.2012 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'225'518 13.1 - 15.05.2013 Investment Advisor PASSPORT CAPITAL LLC n/a Co File 7'183'500 8.38 (1'894'100) 31.12.2011 Hedge Fund Manager JP MORGAN n/a ULT-AGG 6'459'738 7.54 - 31.12.2012 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'425'087 4 31'400 31.03.2013 Hedge Fund Manager FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 3'307'970 3.86 - 30.09.2012 Hedge Fund Manager BEUTEL GOODMAN & COM Multiple Portfolios MF-AGG 2'117'000 2.47 - 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'926'187 2.25 (18) 28.09.2012 Investment Advisor LITTLE RONALD n/a PROXY 1'840'639 2.15 - 22.04.2013 n/a HALVORSON MICHAEL n/a SEDI 1'431'798 1.67 50'000 10.05.2012 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 1'121'600 1.31 - 30.11.2012 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 993'762 1.16 - 31.03.2013 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 987'425 1.15 (12'600) 28.09.2012 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 899'800 1.05 - 31.01.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 890'000 1.04 (20'000) 29.03.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 739'625 0.86 - 28.02.2013 Investment Advisor MARQUIS PASCAL n/a SEDI 658'519 0.77 27'270 17.02.2012 n/a FMR LLC n/a ULT-AGG 372'100 0.43 - 31.03.2013 Investment Advisor SMITH & WILLIAMSON H n/a ULT-AGG 360'319 0.42 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 302'000 0.35 302'000 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial PAOLO LOSTRITTO outperform 5 M 3 12 month 10.05.2013 SBG Securities MICHAEL STARKE speculative buy 4 N 1 12 month 10.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 2 12 month 07.05.2013 Jennings Capital DAN HRUSHEWSKY speculative buy 4 N 3 12 month 06.05.2013 Casimir Capital STUART MCDOUGALL speculative buy 4 M 3 12 month 01.05.2013 CIBC World Markets JEFF KILLEEN sector outperform 5 M 3 Not Provided 30.04.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 2 Not Provided 29.04.2013 Raymond James BRAD HUMPHREY outperform 5 M 2 12 month 24.04.2013 RBC Capital Markets JONATHAN GUY sector perform 3 M 2 12 month 19.04.2013 Desjardins Securities ADAM MELNYK buy 5 M 4 12 month 28.03.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 12 month 28.03.2013 Holdings By: Orezone Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Gran Colombia Gold Corp. is a mineral exploration and production company. The Company is focused on gold and silver exploration and development in Colombia. Gran Colombia has underground gold and silver mining operations in Colombia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 0.43 52-Week Low (15.04.2013) 0.15 Daily Volume 0.17 52-Week High % Change -60.47% Dividend Yield 0.00 52-Week Low % Change 13.33% Beta 1.47 % 52 Week Price Range High/Low 7.14% Equity Float 310.99 Shares Out 30.04.2013 382.0 Short Int 0.08 64.94 1 Yr Total Return -56.41% Total Debt 188.45 YTD Return -52.78% Preferred Stock 0.0 Adjusted BETA 1.475 Minority Interest 1.0 Analyst Recs 2 Cash and Equivalents 1.30 Consensus Rating 4.000 Enterprise Value 251.92 Average Volume 5 Day 471'676 GCM CN EQUITY YTD Change - Average Volume 30 Day 945'424 GCM CN EQUITY YTD % CHANGE - Average Volume 3 Month 828'226 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 137.7 168.2 159.6 163.2 174.0 211.0 - - - - - 1.81x 1.94x 6.59x 4.63x 2.02x 2.44x - - (0.2) (0.2) (0.2) 1.5 14.8 9.6 7.2 10.0 48.0 - - - - - 164.64x 22.07x 23.36x 0.00x 25.19x 5.25x - - (0.3) (0.3) (0.1) (37.0) (36.2) (21.8) (23.9) (22.0) 11.0 - - - - - - - 0.00x 0.00x - 5.56x - - EBITDA 14.79 Long-Term Rating Date - EBIT -2.07 Long-Term Rating - Operating Margin -1.23% Long-Term Outlook - Pretax Margin -23.28% Short-Term Rating Date - Return on Assets -5.19% Short-Term Rating - Return on Common Equity -8.38% Return on Capital - EBITDA/Interest Exp. 1.68 Asset Turnover 0.24% (EBITDA-Capex)/Interest Exp. -4.04 Net Debt/EBITDA 12.67 Gross Margin 10.8% Total Debt/EBITDA 12.75 EBITDA Margin 8.8% EBIT Margin -1.2% Total Debt/Equity 44.3% Net Income Margin -21.5% Total Debt/Capital 30.7% Asset Turnover 0.24 Current Ratio 1.39 Net Fixed Asset Turnover 0.30 Quick Ratio 0.28 Accounts receivable turnover-days 40.95 Debt to Assets 24.61% Inventory Days 47.00 Tot Debt to Common Equity 44.33% Accounts Payable Turnover Day 121.85 Accounts Receivable Turnover 8.94 Cash Conversion Cycle -33.90 Inventory Turnover 7.79 Fiscal Year Ended Gran Colombia Gold Corp Price/Volume Valuation Analysis 536'494.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 0 0 0 0 0 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 01.05.2009 01.11.2009 01.05.2010 01.11.2010 01.05.2011 01.11.2011 01.05.2012 01.11.2012 01.05.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16.05.2013 Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type US GLOBAL INVESTORS n/a PROXY 47'135'169 12.34 - 17.04.2012 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 30'175'000 7.9 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 24'200'701 6.34 - 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 12'500'000 3.27 (826'700) 28.03.2013 Investment Advisor ICE ROSE HOLDINGS n/a SEDI 8'150'000 2.13 99'000 25.09.2012 Holding Company IACONO SERAFINO n/a SEDI 4'700'416 1.23 165'000 27.09.2012 n/a LA CAMPA MIGUEL DE n/a SEDI 3'803'773 1 133'000 20.02.2013 n/a FMR LLC n/a ULT-AGG 1'765'000 0.46 - 31.03.2013 Investment Advisor TARIBO HOLDINGS n/a SEDI 1'284'500 0.34 23'500 28.01.2013 Holding Company LOPEZ AUGUSTO n/a SEDI 1'090'250 0.29 586'500 12.09.2012 n/a TOSCA ASSETS CORP n/a SEDI 1'000'000 0.26 - 30.08.2012 Other ORINOQUIA BELT CA n/a SEDI 665'621 0.17 130'000 23.08.2012 Other DAVIES MICHAEL MONIE n/a SEDI 591'873 0.15 20'000 21.08.2012 n/a HOLLENCREST SECURITI HOLLENCREST SECURITI 13F 466'500 0.12 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 439'086 0.11 - 31.12.2012 Investment Advisor TORINO CONSULTANTS n/a SEDI 400'000 0.1 - 15.11.2010 Other MARTINEZ TO HERNAN J n/a Co File 360'000 0.09 - 26.03.2013 n/a VOLK PETER n/a SEDI 334'500 0.09 - 30.08.2012 n/a PACHECO MARIO n/a Co File 325'000 0.09 - 26.03.2013 n/a EAST DONALD n/a SEDI 258'000 0.07 60'000 06.02.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date GMP GEORGE V ALBINO speculative buy 4 M 1 12 month 15.05.2013 Interbolsa SA GABRIEL BAYONA speculative buy 4 M 2 Not Provided 23.10.2012 Holdings By: Gran Colombia Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

More Related Content

PDF
Fundamental Equity Analysis - QMS Global Agriculture FlexIndex - The QMS Advi...
byBCV
 
PDF
STOXX 600 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
PDF
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' G...
byBCV
 
PDF
DAILY COMMODITY REPORT BY EPIC RESEARCH-6 SEPTEMBER 2012
byEpic Research
 
PDF
DAILY COMMODITY REPORT BY EPIC RESEARCH-8 SEPTEMBER
byEpic Research
 
PDF
Companies financial result updated on 28 feb 2017
byRAFI SECURITIES (PVT.)LTD.
 
PDF
Techical Report - July 9, 2010
byAngel Broking
 
PDF
Tech report 23 06 2010
byAngel Broking
 
Fundamental Equity Analysis - QMS Global Agriculture FlexIndex - The QMS Advi...
byBCV
 
STOXX 600 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' G...
byBCV
 
DAILY COMMODITY REPORT BY EPIC RESEARCH-6 SEPTEMBER 2012
byEpic Research
 
DAILY COMMODITY REPORT BY EPIC RESEARCH-8 SEPTEMBER
byEpic Research
 
Companies financial result updated on 28 feb 2017
byRAFI SECURITIES (PVT.)LTD.
 
Techical Report - July 9, 2010
byAngel Broking
 
Tech report 23 06 2010
byAngel Broking
 

What's hot

PDF
Russell 4.26.12
byvisionstreetresearch
 
PDF
Daily commodity-report
byEpic Research
 
PDF
DAILY COMMODITY REPORT BY EPIC RESEARCH-10 AUGUST 2012
byEpic Research
 
PDF
Companies financial result updated on 15 march 2016
byRAFI SECURITIES (PVT.)LTD.
 
PDF
Keynote technicals intraday future levels
byKeynote Capitals Ltd.
 
PDF
Technical Report - July 1, 2010
byAngel Broking
 
PDF
Companies financial result updated on 03 march 2016
byRAFI SECURITIES (PVT.)LTD.
 
PDF
Keynote technicals intraday future levels for 141212
byKeynote Capitals Ltd.
 
PDF
Technical Report- June 25, 2010
byAngel Broking
 
PDF
Technical Report - 12 October 2010
byAngel Broking
 
PDF
Technical report- June 17,2010
byAngel Broking
 
PDF
Tech report 29.04.2010
byAngel Broking
 
PDF
Tech Report, 1 Apr
byAngel Broking
 
PDF
Tech report 24.05.2010
byAngel Broking
 
PDF
Technical Report - September 23, 2010
byAngel Broking
 
PDF
RP Consumer Discretionary ex Autos performance 2015
byMarco Motta
 
PDF
Tech Report 25 03 2010
byAngel Broking
 
Russell 4.26.12
byvisionstreetresearch
 
Daily commodity-report
byEpic Research
 
DAILY COMMODITY REPORT BY EPIC RESEARCH-10 AUGUST 2012
byEpic Research
 
Companies financial result updated on 15 march 2016
byRAFI SECURITIES (PVT.)LTD.
 
Keynote technicals intraday future levels
byKeynote Capitals Ltd.
 
Technical Report - July 1, 2010
byAngel Broking
 
Companies financial result updated on 03 march 2016
byRAFI SECURITIES (PVT.)LTD.
 
Keynote technicals intraday future levels for 141212
byKeynote Capitals Ltd.
 
Technical Report- June 25, 2010
byAngel Broking
 
Technical Report - 12 October 2010
byAngel Broking
 
Technical report- June 17,2010
byAngel Broking
 
Tech report 29.04.2010
byAngel Broking
 
Tech Report, 1 Apr
byAngel Broking
 
Tech report 24.05.2010
byAngel Broking
 
Technical Report - September 23, 2010
byAngel Broking
 
RP Consumer Discretionary ex Autos performance 2015
byMarco Motta
 
Tech Report 25 03 2010
byAngel Broking
 

Viewers also liked

PDF
Adaptive asset allocation policies
byBCV
 
PDF
Financial Analysis - PetroChina Company Limited explores, develops, and produ...
byBCV
 
PDF
Fundamental analysis & recommendations spi index - the swiss performance in...
byBCV
 
PDF
Fundamental Analysis & Analysts Recommendations - Eurostoxx 50 Index - SX5E I...
byBCV
 
PDF
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
byBCV
 
PDF
Fundamental Equity Analysis - STOXX Europe Small 200 Index Components
byBCV
 
PDF
Fundamental Equity Analysis - STOXX Europe Large 200 Index Components
byBCV
 
Adaptive asset allocation policies
byBCV
 
Financial Analysis - PetroChina Company Limited explores, develops, and produ...
byBCV
 
Fundamental analysis & recommendations spi index - the swiss performance in...
byBCV
 
Fundamental Analysis & Analysts Recommendations - Eurostoxx 50 Index - SX5E I...
byBCV
 
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
byBCV
 
Fundamental Equity Analysis - STOXX Europe Small 200 Index Components
byBCV
 
Fundamental Equity Analysis - STOXX Europe Large 200 Index Components
byBCV
 

Similar to Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry

PPTX
Invest in mining stocks - Satori Traders
bySatori Traders
 
PPT
Trading Precious metals on the JSE
byVunani Private Clients
 
DOCX
Gold And Silver Miners: Quality Producers
byChris Helweg
 
PDF
Lincoln crowne copper gold weekly 31052013
byLincoln Crowne & Company
 
PDF
Lincoln crowne copper gold weekly report 22072013
byLincoln Crowne & Company
 
PDF
OZ Metals 20141012
byJ-François Bertincourt
 
PDF
Gresham "Group 150" - November 2010
byDarren Martin
 
PDF
PCF Capital's Resources Thermometer - October 2015
byDarren Martin
 
PDF
Gresham "Group 150" - June 2011
byDarren Martin
 
PDF
Oz Metals 20150222
byJ-François Bertincourt
 
PDF
Gresham "Group 150" - September 2011
byDarren Martin
 
PDF
Comex report-daily by epic research 16 feb 2013
byEpic Daily Report
 
PDF
Lincoln crowne copper gold report 11062013
byLincoln Crowne & Company
 
PDF
Lcc copper gold weekly 20140505
byJ-François Bertincourt
 
PDF
Lcc asia pacific_mining weekly_23rd october 2017
byLCC Asia Pacific Corporate Finance
 
PDF
Pi Financials Mar 2 2009
byChristopher R Anderson
 
PDF
Gold Canaccord
byChristopher R Anderson
 
PPT
Gold Miners And Gold Where Next Final
byScott Nystrom, Ph.D.
 
PPTX
Episode IIII: Techniques of Investing in Gold
byAbdulrahman Ghalayini
 
DOC
Ue pan american-news max-sept-2010
byChristopher R Anderson
 
Invest in mining stocks - Satori Traders
bySatori Traders
 
Trading Precious metals on the JSE
byVunani Private Clients
 
Gold And Silver Miners: Quality Producers
byChris Helweg
 
Lincoln crowne copper gold weekly 31052013
byLincoln Crowne & Company
 
Lincoln crowne copper gold weekly report 22072013
byLincoln Crowne & Company
 
OZ Metals 20141012
byJ-François Bertincourt
 
Gresham "Group 150" - November 2010
byDarren Martin
 
PCF Capital's Resources Thermometer - October 2015
byDarren Martin
 
Gresham "Group 150" - June 2011
byDarren Martin
 
Oz Metals 20150222
byJ-François Bertincourt
 
Gresham "Group 150" - September 2011
byDarren Martin
 
Comex report-daily by epic research 16 feb 2013
byEpic Daily Report
 
Lincoln crowne copper gold report 11062013
byLincoln Crowne & Company
 
Lcc copper gold weekly 20140505
byJ-François Bertincourt
 
Lcc asia pacific_mining weekly_23rd october 2017
byLCC Asia Pacific Corporate Finance
 
Pi Financials Mar 2 2009
byChristopher R Anderson
 
Gold Canaccord
byChristopher R Anderson
 
Gold Miners And Gold Where Next Final
byScott Nystrom, Ph.D.
 
Episode IIII: Techniques of Investing in Gold
byAbdulrahman Ghalayini
 
Ue pan american-news max-sept-2010
byChristopher R Anderson
 

More from BCV

PDF
Fundamental Equity Analysis and Analyst Recommandations - MSCI Emerging Marke...
byBCV
 
PDF
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
byBCV
 
PDF
Fundamental analysis & recommendations qms advisors flex index spi index - ...
byBCV
 
PDF
TPX 1000 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
PDF
Fundamental Analysis & Recommendations - QMS Advisors FlexIndex KOSPI 100
byBCV
 
PDF
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 10...
byBCV
 
PDF
S&P 1000 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
PDF
Vers la couverture des risques systémiques
byBCV
 
PDF
Vers la couverture des risques systémiques?
byBCV
 
PDF
Le Temps - 20 Octobre 2014 - Eclairage psychologique d'un choix rationnel
byBCV
 
PDF
Keine angst vor zinsanstieg
byBCV
 
PDF
INDICES Mai 2014 Produits financiers - Surévaluation de la volatilité implicit...
byBCV
 
PDF
Le plus convexe des investissements linéaires
byBCV
 
PDF
Evaluation de l'incidence des produits structurés sur les marchés actions
byBCV
 
PDF
Des performances stables avec les certificats de primes de risque
byBCV
 
PDF
Le temps - 30 juin 2014 - Des instruments plus flexibles dans l'obligataire
byBCV
 
PDF
Erfolg ohne Absturzrisiko - Derivate machen es möglich
byBCV
 
PDF
qCIO Global Macro Hedge Fund Strategy - November 2014
byBCV
 
PDF
qCIO Global Macro Hedge Fund Strategy - March 2015
byBCV
 
PDF
Le Temps - 21 octobre 2013 - Benchmarker un produit structuré
byBCV
 
Fundamental Equity Analysis and Analyst Recommandations - MSCI Emerging Marke...
byBCV
 
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110
byBCV
 
Fundamental analysis & recommendations qms advisors flex index spi index - ...
byBCV
 
TPX 1000 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
Fundamental Analysis & Recommendations - QMS Advisors FlexIndex KOSPI 100
byBCV
 
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 10...
byBCV
 
S&P 1000 Index - Dividends and Implied Volatility Surfaces Parameters
byBCV
 
Vers la couverture des risques systémiques
byBCV
 
Vers la couverture des risques systémiques?
byBCV
 
Le Temps - 20 Octobre 2014 - Eclairage psychologique d'un choix rationnel
byBCV
 
Keine angst vor zinsanstieg
byBCV
 
INDICES Mai 2014 Produits financiers - Surévaluation de la volatilité implicit...
byBCV
 
Le plus convexe des investissements linéaires
byBCV
 
Evaluation de l'incidence des produits structurés sur les marchés actions
byBCV
 
Des performances stables avec les certificats de primes de risque
byBCV
 
Le temps - 30 juin 2014 - Des instruments plus flexibles dans l'obligataire
byBCV
 
Erfolg ohne Absturzrisiko - Derivate machen es möglich
byBCV
 
qCIO Global Macro Hedge Fund Strategy - November 2014
byBCV
 
qCIO Global Macro Hedge Fund Strategy - March 2015
byBCV
 
Le Temps - 21 octobre 2013 - Benchmarker un produit structuré
byBCV
 

Recently uploaded

PDF
Buy TikTok Shop accounts & Twitter accounts in 2026..pdf
bygetsmmpro getsmmpro
 
DOCX
How to buy Yahoo accounts and Outlook accounts in 2026..docx
bygetsmmpro getsmmpro
 
PDF
5 sites To Buy Facebook Accounts Safely_ 2025 Guide..pdf
bysy33nn1pvm0ykdle9x4r
 
PDF
How to Buy LinkedIn Followers and Connections.pdf
bysy33nn1pvm0ykdle9x4r
 
PDF
Buy TikTok Seller Account in usa 2026.pdf
bysy33nn1pvm0ykdle9x4r
 
PDF
POTENTIAL USDT & ETHEREUM RECOVERY SERVICE : HIRE FUNDS RECLAIMER COMPANY
bycraigpaul663
 
PDF
5 sites To Buy Instagram Accounts Safely_ 2025 Guide..pdf
bysy33nn1pvm0ykdle9x4r
 
PDF
The Best Marketplaces to Buy and Sell Snapchat Accounts ....pdf
bysy33nn1pvm0ykdle9x4r
 
DOCX
Buying Telegram Accounts for Channels & Groups_ Old & New in the US.docx
byGoogle Business Site is usaallhub
 
PDF
Top 11 Guide on Buying Telegram Accounts in 2025 .pdf
byusaallsell
 
PPTX
Compassionate Care for Families, Seniors, and Patients
byaidanbutler4355
 
PDF
Encyclopedia of Cyber Warfare by Paul J. Springer (z-lib.org).pdf
byolongapopnp
 
DOCX
How To Buy Verified Payoneer Accounts In 2026 Top 1 ....docx
by390625rkl2ieyrgvftta
 
PDF
How to Buy Verified Cash App Account.pdf
bymarketing
 
PDF
FINANCIAL LITERACY Practices | Excellence Foundation for South Sudan
byExcellence Foundation for South Sudan
 
PDF
2026 Food Procurement Roadmap: Resilience, Transparency & TCO Optimization | ...
byflamingohk1998
 
PDF
Comments on Dimi Design Intelligence Addendum, All Parts.pdf
byBrij Consulting, LLC
 
PPTX
Crisis-Management-Plan-Apple-final case study.pptx
byBudi Septiawan
 
PPTX
LESSON BUSINESS MODEL business mode.pptx
byeraldacompagnonsdude
 
PDF
我們準備了受著作權保護的 2026 月曆電子賀卡，供您免費下載，祝您新年快樂
byMuchiu (Henry) Chang, PhD. Cantab
 
Buy TikTok Shop accounts & Twitter accounts in 2026..pdf
bygetsmmpro getsmmpro
 
How to buy Yahoo accounts and Outlook accounts in 2026..docx
bygetsmmpro getsmmpro
 
5 sites To Buy Facebook Accounts Safely_ 2025 Guide..pdf
bysy33nn1pvm0ykdle9x4r
 
How to Buy LinkedIn Followers and Connections.pdf
bysy33nn1pvm0ykdle9x4r
 
Buy TikTok Seller Account in usa 2026.pdf
bysy33nn1pvm0ykdle9x4r
 
POTENTIAL USDT & ETHEREUM RECOVERY SERVICE : HIRE FUNDS RECLAIMER COMPANY
bycraigpaul663
 
5 sites To Buy Instagram Accounts Safely_ 2025 Guide..pdf
bysy33nn1pvm0ykdle9x4r
 
The Best Marketplaces to Buy and Sell Snapchat Accounts ....pdf
bysy33nn1pvm0ykdle9x4r
 
Buying Telegram Accounts for Channels & Groups_ Old & New in the US.docx
byGoogle Business Site is usaallhub
 
Top 11 Guide on Buying Telegram Accounts in 2025 .pdf
byusaallsell
 
Compassionate Care for Families, Seniors, and Patients
byaidanbutler4355
 
Encyclopedia of Cyber Warfare by Paul J. Springer (z-lib.org).pdf
byolongapopnp
 
How To Buy Verified Payoneer Accounts In 2026 Top 1 ....docx
by390625rkl2ieyrgvftta
 
How to Buy Verified Cash App Account.pdf
bymarketing
 
FINANCIAL LITERACY Practices | Excellence Foundation for South Sudan
byExcellence Foundation for South Sudan
 
2026 Food Procurement Roadmap: Resilience, Transparency & TCO Optimization | ...
byflamingohk1998
 
Comments on Dimi Design Intelligence Addendum, All Parts.pdf
byBrij Consulting, LLC
 
Crisis-Management-Plan-Apple-final case study.pptx
byBudi Septiawan
 
LESSON BUSINESS MODEL business mode.pptx
byeraldacompagnonsdude
 
我們準備了受著作權保護的 2026 月曆電子賀卡，供您免費下載，祝您新年快樂
byMuchiu (Henry) Chang, PhD. Cantab
 

Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry

  • 1.
    Fundamental Analysis & AnalystRecommendations QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry. May 2013 Q.M.S Advisors Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com | This material does not constitute investment advice and should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy.
  • 2.
    Currency Market Capitalization (in mio USD) Daily Volume(M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15271312 2038.193 1112 1112 204 219 219 102.23 110.27 110.27 16.23 16.23 15.04 15.04 18.84 Euro Stoxx 50 Pr EUR 2713836 5590.895 4551 4551 731 763 763 202.40 299.27 299.27 22.86 18.53 15.46 15.46 19.77 NIKKEI 225 JPY 2852100 197.0179 188 188 18 21 21 5.31 6.87 6.87 0.27 0.26 0.21 0.21 0.11 FTSE 100 INDEX GBP 2809303 12390.57 10063 10063 1461 1738 1738 596.00 825.06 825.06 25.99 24.24 18.77 18.77 21.64 SWISS MARKET INDEX CHF 1085883 11249.94 4065 4065 856 827 827 415.65 550.90 550.90 21.22 17.66 16.01 16.01 21.76 S&P/TSX COMPOSITE INDEX CAD 1651404 17113.04 7809 7809 1834 2018 2018 762.43 858.26 858.26 15.77 15.77 14.01 14.01 23.87 S&P/ASX 200 INDEX AUD 1389289 6566.53 2688 2688 606 669 669 240.56 321.94 321.94 20.69 16.62 15.46 15.46 22.18 HANG SENG INDEX HKD 1749899 3449.621 1687 1687 371 408 408 283.55 271.07 271.07 1.35 1.53 1.41 1.41 3.00 MSCI EM USD 7868207 1854.702 1023 1023 212 285 285 83.89 94.75 94.75 12.47 12.76 11.04 11.04 18.21 GOLDCORP INC USD 22265 8975 812 1 0 0 1 22.74 5435 5101 4905 6245 2798 2532 570 570 1.99 1.70 1.40 2.10 16.02 16.02 19.46 13.01 1.36 13.48 19.78 21.03 49.64 BBB+ 01.06.2009 Baa2 13.03.2013 BARRICK GOLD CORP USD 19462 23817 1001 14 0 3 2 34.61 14547 14340 13583 14589 7358 7071 1583 1583 3.74 3.30 3.16 3.33 5.89 5.89 6.16 5.84 2.18 13.61 -11.64 24.49 49.31 BBB 26.04.2013 Baa2 24.04.2013 NEWMONT MINING CORP USD 15751 9296 497 6 0 3 2 23.92 9868 9362 9216 10761 4169 3731 808 808 3.78 3.34 2.71 3.41 9.45 9.45 11.67 9.27 -4.73 4.99 -19.24 19.37 39.85 BBB+ 11.08.2008 Baa1 26.07.2010 RANDGOLD RESOURCES LTD-ADR USD 6633 765 92 0 0 0 0 6.54 1318 1331 1383 1791 699 689 - - 4.65 4.48 4.33 6.73 16.08 16.08 16.64 10.70 16.92 27.97 20.16 53.34 51.75 - - - - YAMANA GOLD INC USD 8344 9956 1 0 0 0 8.91 2337 2312 2481 2998 1269 1164 263 263 - - 0.78 1.06 - - 14.18 10.44 7.52 14.54 0.53 26.81 50.35 - - - - GOLD FIELDS LTD-SPONS ADR USD 4461 5794 16 0 2 5 28916 38146 29086 30284 14243 18261 12706 12706 - - 6.00 7.52 - - 9.41 7.50 14.46 8.58 5.29 13.85 47.87 BB+ 15.11.2012 - - SILVER WHEATON CORP USD 7865 6872 0 0 0 1 8.88 850 856 965 1085 701 700 181 181 - - 1.59 1.76 - - 13.98 12.57 16.38 43.77 13.36 43.74 81.79 - - - - ANGLOGOLD ASHANTI-SPON ADR USD 6820 4166 30 0 0 8 52160 51968 57034 62449 19105 17635 20359 20359 - - 14.62 23.71 - - 11.27 6.95 -4.14 11.91 -17.82 86.63 33.93 BBB- 10.12.2012 - - CIA DE MINAS BUENAVENTUR-ADR USD 4994 1441 253 0 0 0 5.22 1564 1492 1642 1761 569 - 174 174 2.69 2.27 2.21 2.35 7.97 7.95 8.21 7.71 0.44 14.04 -30.59 7.40 - - - - - NEW GOLD INC USD 3095 5423 1 0 0 1 3.28 791 824 933 987 390 388 115 115 - - 0.41 0.54 - - 16.02 12.04 13.70 39.01 13.39 63.80 47.02 BB- 27.03.2012 B2 27.03.2012 AGNICO EAGLE MINES LTD USD 4928 2008 1 0 0 0 5.44 1918 1865 1705 2061 787 735 179 179 - - 1.03 1.78 - - 27.67 16.04 5.26 38.09 4.59 31.64 39.41 NR 12.03.2003 WR 05.03.2002 ELDORADO GOLD CORP USD 4923 4371 1 0 0 1 5.13 1148 1214 1264 1402 584 631 136 136 - - 0.43 0.53 - - 15.91 13.12 3.97 58.56 -9.24 53.95 51.94 BB 13.11.2012 Ba3 12.11.2012 KINROSS GOLD CORP USD 6028 21000 1140 3 0 0 2 6.84 4311 4333 4041 4209 1962 1981 347 347 0.77 0.74 0.45 0.56 7.14 7.14 11.63 9.50 12.20 27.96 1.87 40.67 45.72 BBB- 15.08.2011 Baa3 15.08.2011 ROYAL GOLD INC USD 3253 915 59 0 0 0 0 2.89 263 292 303 379 233 260 65 65 1.63 1.40 1.52 2.10 36.01 36.01 33.31 24.02 21.52 33.98 25.17 44.69 88.90 - - - - HARMONY GOLD MNG-SPON ADR USD 1789 3257 2 0 0 2 15169 16353 16517 21953 4222 3140 4735 4735 - - 3.91 7.72 - - 9.80 4.96 30.81 9.67 79.35 16.71 19.20 - - - - IAMGOLD CORP USD 1898 6874 1 0 0 1 1.98 1670 1571 1479 1681 710 642 148 148 - - 0.52 0.68 - - 9.73 7.43 -0.19 12.44 -9.54 30.21 40.84 BB- 10.09.2012 - - PAN AMERICAN SILVER CORP USD 1810 2604 0 0 0 1 1.37 929 943 1004 1077 362 345 91 91 - - 0.93 1.13 - - 12.90 10.59 8.57 24.85 -18.81 25.23 36.62 - - - - FIRST MAJESTIC SILVER CORP USD 1198 1994 0 0 0 0 1.12 247 256 373 543 135 132 - - - - 0.84 1.29 - - 12.19 7.94 0.68 59.29 -13.49 101.01 51.60 - - - - COEUR D'ALENE MINES CORP USD 1376 1922 90 0 0 0 0 1.40 895 863 901 1066 378 343 89 89 0.59 0.68 0.59 1.32 19.94 19.94 22.87 10.24 -12.31 37.42 -28.81 43.35 39.75 B+ 25.06.2012 B3 24.01.2013 AURICO GOLD INC USD 1150 2104 0 0 0 1 1.05 164 293 398 52 53 21 21 - - 0.26 0.39 - - 18.27 11.92 94.95 15.72 2151.89 - - - - - - ALLIED NEVADA GOLD CORP USD 703 3842 90 1 0 0 0 0.88 215 225 368 560 95 95 25 25 0.52 0.49 0.84 1.51 15.96 15.96 9.35 5.19 41.13 - 95.75 - 44.49 B 07.06.2012 B3 16.05.2012 HECLA MINING CO USD 884 6775 285 0 0 0 0 0.75 321 306 484 642 93 74 50 50 0.07 0.12 0.19 0.38 25.83 25.83 16.76 8.24 -32.76 22.69 -63.53 10.36 24.02 B 04.04.2013 B2 02.04.2013 NEVSUN RESOURCES LTD USD 931 0 0 0 0 566 488 320 672 426 347 21 21 - - 0.33 0.94 - - 10.54 3.73 3.34 - -0.64 - 71.21 - - - - AURIZON MINES LTD USD 627 208 0 0 0 0 0.45 224 210 209 266 92 78 - - - - 0.13 0.26 - - 29.85 14.92 -14.02 5.97 -26.18 14.15 37.08 - - - - SILVER STANDARD RESOURCES USD 524 1879 0 0 0 0 0.29 241 252 216 243 55 55 12 12 - - -0.10 -0.02 - - 63.09 - 38.56 - 22.64 - - - - SEABRIDGE GOLD INC USD 464 467 0 0 0 0 0.42 0 0 -16 - -15 -15 - - -0.22 -0.46 - - - - 20.14 - - - - - - TANZANIAN ROYALTY EXPLORATIO USD 265 323 0 0 0 0 0.26 0 0 -5 -5 - - - - - - - - -16.99 - - - - - - GOLDEN STAR RESOURCES LTD USD 181 3521 259 0 0 0 0 0.23 551 552 482 487 125 117 26 26 -0.05 -0.16 -0.05 0.09 - - 8.24 16.89 21.87 35.80 - 21.18 - - - - VISTA GOLD CORP USD 108 484 82 0 0 0 0 0.02 0 0 0 -36 -34 - - -0.54 -0.51 -0.29 -0.18 - - - - -26.58 - - - - - - GREAT BASIN GOLD LTD USD 3 3263 0 0 0 0 0.32 170 145 18 -26 - - - - - - 70.83 - - - -18.00 - - - - ARGONAUT GOLD INC CAD 913 1219 149 0 0 0 0 0.71 184 202 201 258 105 105 16 16 0.67 0.62 0.38 0.57 9.55 9.55 15.47 10.36 77.52 - 90.14 - 56.30 - - - - TOREX GOLD RESOURCES INC CAD 852 10756 604 0 0 0 0 0.48 0 0 0 0 -59 -63 -15 -15 -0.14 -0.15 -0.10 -0.09 - - - - -75.80 - - - - - - LIONGOLD CORP LTD SGD 838 8437 731 0 0 0 0 0.81 78 91 89 114 -4 1 - - -0.02 -0.03 0.00 0.01 - - 151.58 69.96 13.33 7.04 - - 1.18 - - - - CHINA GOLD INTERNATIONAL RES CAD 1063 368 396 0 0 0 0 1.08 326 326 348 625 136 136 151 151 0.18 0.18 0.16 0.18 14.12 14.12 16.45 14.38 6.65 - -1.28 - 40.96 - - - - PERSEUS MINING LTD CAD 535 1705 0 0 0 0 0.50 142 307 391 54 125 - - - - 0.12 0.19 - - 9.20 6.03 - - - - - - - - - SANDSTORM GOLD LTD CAD 620 300 86 0 0 0 0 0.56 55 57 70 94 36 35 - - 0.25 0.17 0.18 0.38 39.70 39.70 37.08 17.67 85.12 - 89.97 - 59.93 - - - - OCEANAGOLD CORP CAD 522 861 294 0 0 0 0 0.73 378 385 576 625 142 166 50 50 0.08 0.11 0.22 0.30 15.87 15.87 7.93 5.63 -2.52 13.67 -11.83 65.88 42.36 - - - - MEDUSA MINING LTD AUD 438 2077 189 0 0 0 0 0.42 79 91 111 262 57 63 - - 0.26 0.28 0.40 0.92 7.95 - 5.57 2.44 -44.82 92.52 -51.12 - 68.11 - - - - DUNDEE PRECIOUS METALS INC CAD 538 1462 126 0 0 0 0 0.50 378 368 426 502 - - - - 0.38 0.34 0.54 0.76 12.52 12.52 7.74 5.55 13.40 42.70 - - - - - - - RIO ALTO MINING LTD CAD 556 1644 176 0 0 0 0 0.52 311 276 313 314 170 170 - - 0.56 0.40 0.45 0.53 7.68 7.68 6.89 5.88 - - - - 53.73 - - - - AURIZON MINES LTD USD 627 208 0 0 0 0 0.45 224 210 209 266 92 78 - - - - 0.13 0.26 - - 29.85 14.92 -14.02 5.97 -26.18 14.15 37.08 - - - - ENDEAVOUR SILVER CORP USD 407 1439 0 0 0 0 0.41 208 229 238 280 90 88 24 24 - - 0.41 0.60 - - 9.93 6.86 62.57 53.81 38.56 - 38.27 - - - - CONTINENTAL GOLD LTD CAD 449 480 108 0 0 0 0 0.34 0 0 14 14 -12 -10 - - -0.07 -0.11 -0.06 -0.07 - - - - - - - - - - - RUBICON MINERALS CORP CAD 442 880 288 0 0 0 0 0.30 0 0 -11 -12 - - -0.04 -0.04 -0.05 0.20 - - 7.66 - - 45.71 - - - - - - SILVERCORP METALS INC USD 444 1312 0 0 0 0 0.39 238 193 202 256 155 102 - - - - 0.21 0.29 - - 12.21 8.87 42.21 27.32 40.76 43.24 53.14 - - - - EVOLUTION MINING LTD AUD 577 4029 707 0 0 0 0 0.61 461 625 602 689 187 210 136 136 0.06 0.18 0.08 0.11 4.44 - 9.70 7.08 279.97 - 531.12 - 33.00 - - - - CHINA PRECIOUS METAL RESOURC HKD 762 42412 4351 0 0 0.99 209 209 246 309 143 143 164 164 - 0.02 0.02 0.02 1.44 - 1.21 1.07 5.83 26.53 4.47 - 8.80 - - - - SEABRIDGE GOLD INC USD 464 467 0 0 0 0 0.42 0 0 -16 - -15 -15 - - -0.22 -0.46 - - - - 20.14 - - - - - - BEADELL RESOURCES LTD AUD 482 6881 742 0 0 0 0 0.61 1 1 307 327 -14 - 158 158 -0.05 -0.06 0.14 0.17 - - 4.32 3.61 - - 59.26 - - - - - - RESOLUTE MINING LTD AUD 464 11228 636 0 0 0 0 0.40 566 606 645 574 250 255 - - 0.16 0.25 0.22 0.16 2.83 - 3.15 4.51 29.04 28.70 128.76 102.83 41.34 - - - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 3.
    Currency Market Capitalization (in mio USD) Daily Volume(M) Total Common Shares (M) Total Debt (USD) Preferred Stock (USD) Minority Interest (USD) Cash and Equivalents (USD) Enterprise Value (USD) Tot. Rev. - LFY Est. Tot. Rev. - Tr. 12M Est. Tot. Rev. - 2013 Est. Tot. Rev. - 2014 EBITDA - LFY Est. EBITDA - Tr. 12M Est. EBITDA - 2013 Est. EBITDA - 2014 EPS - LFY Est. EPS - Tr. 12M Est. EPS - 2013 Est. EPS - 2014 P/E Ratio - LFY Est. P/E Ratio - Tr. 12M Est. P/E Ratio - 2013 Est. P/E Ratio - 2014 Est. Revenue Growth - 1Y Est. Revenue Growth - 5Y Est. EBITDA Growth - 1Y Est. Est. EBITDA Growth - 5Y Est. EBITDA Margin - S&P LT Credit Rating - S&P LT Credit Rating Date Moody's LT Credit Rating Moody's LT Credit Rating Date S&P 500 INDEX USD 15271312 2038.193 1112 1112 204 219 219 102.23 110.27 110.27 16.23 16.23 15.04 15.04 18.84 Euro Stoxx 50 Pr EUR 2713836 5590.895 4551 4551 731 763 763 202.40 299.27 299.27 22.86 18.53 15.46 15.46 19.77 NIKKEI 225 JPY 2852100 197.0179 188 188 18 21 21 5.31 6.87 6.87 0.27 0.26 0.21 0.21 0.11 FTSE 100 INDEX GBP 2809303 12390.57 10063 10063 1461 1738 1738 596.00 825.06 825.06 25.99 24.24 18.77 18.77 21.64 SWISS MARKET INDEX CHF 1085883 11249.94 4065 4065 856 827 827 415.65 550.90 550.90 21.22 17.66 16.01 16.01 21.76 S&P/TSX COMPOSITE INDEX CAD 1651404 17113.04 7809 7809 1834 2018 2018 762.43 858.26 858.26 15.77 15.77 14.01 14.01 23.87 S&P/ASX 200 INDEX AUD 1389289 6566.53 2688 2688 606 669 669 240.56 321.94 321.94 20.69 16.62 15.46 15.46 22.18 HANG SENG INDEX HKD 1749899 3449.621 1687 1687 371 408 408 283.55 271.07 271.07 1.35 1.53 1.41 1.41 3.00 MSCI EM USD 7868207 1854.702 1023 1023 212 285 285 83.89 94.75 94.75 12.47 12.76 11.04 11.04 18.21 ENDEAVOUR MINING CORP CAD 356 2009 391 0 0 0 0 0.52 340 378 482 623 134 134 - - -0.04 0.10 0.14 0.17 8.54 8.54 6.13 4.99 135.13 - 210.84 - 38.66 - - - - FORTUNA SILVER MINES INC CAD 345 739 0.28 158 158 167 201 69 69 20 20 0.27 0.23 0.24 0.32 11.74 11.74 11.20 8.33 45.54 46.57 43.98 66.13 43.12 - - - - MCEWEN MINING INC USD 609 3088 296 0 0 0 0 0.56 6 39 150 217 -92 -67 - - -0.19 -0.17 -0.01 0.08 - - 25.63 - - -54.81 - -171.96 - - - - MAG SILVER CORP CAD 384 146 60 0 0 0 0 0.34 0 0 -13 -13 -1 -1 -0.22 -0.22 -0.13 -0.14 - - - - -40.23 - - - - - - PRIMERO MINING CORP CAD 495 342 97 0 0 0 0 0.38 180 182 198 246 76 71 33 33 0.53 0.50 0.42 0.59 9.78 9.78 11.54 8.36 16.56 - 6.22 - 38.11 - - - - KINGSGATE CONSOLIDATED LTD AUD 246 3329 151 0 0 0 0 0.37 351 365 335 382 162 - - - 0.51 0.34 0.24 0.25 4.67 - 6.67 6.33 105.36 82.66 144.00 - - - - - - TIMMINS GOLD CORP CAD 314 879 144 0 0 0 0 0.30 153 163 193 211 67 75 17 17 0.25 0.31 0.34 0.33 6.81 6.81 6.37 6.55 86.56 - 58.99 - 44.93 - - - - ST BARBARA LTD AUD 297 4439 325 0 0 0 0 0.44 531 512 520 609 220 197 - - 0.40 0.27 0.08 0.15 2.23 - 7.51 3.93 49.58 27.31 103.02 82.99 37.82 B 15.03.2013 - - PREMIER GOLD MINES LTD CAD 252 1366 149 0 0 0 0 0.23 0 1 0 0 -12 -12 - - -0.15 -0.16 -0.07 -0.07 - - - - -5.24 - -1301.56 - - - - NORTHERN STAR RESOURCES LTD AUD 302 4498 402 0 0 0 0 0.26 98 112 131 161 47 57 74 74 0.05 0.08 0.07 0.09 9.24 9.60 9.62 7.65 -13.15 - 5.14 - 49.75 - - - - TANZANIAN ROYALTY EXPLORATIO USD 265 323 0 0 0 0 0.26 0 0 -5 -5 - - - - - - - - -16.99 - - - - - - REAL GOLD MINING LTD HKD 1031 0 907 0 0 0 0 0.49 176 176 153 153 - - 0.12 0.12 0.94 0.95 4.55 - 7.02 - 11.18 - - - - GOLDEN STAR RESOURCES LTD USD 181 3521 259 0 0 0 0 0.23 551 552 482 487 125 117 26 26 -0.05 -0.16 -0.05 0.09 - - 8.24 16.89 21.87 35.80 - 21.18 - - - - ROMARCO MINERALS INC CAD 213 1067 585 0 0 0 0 0.16 0 0 -12 -11 -8 -8 -0.02 -0.02 -0.01 -0.01 - - - - 22.12 - - - - - - BANRO CORPORATION CAD 270 1837 202 0 0 0 0 0.39 42 74 143 347 6 6 - - -0.02 0.03 0.06 0.31 35.04 35.04 18.12 3.33 - - - - 13.90 - - - - COLOSSUS MINERALS INC CAD 192 1092 106 0 0 0 0 0.20 0 0 41 282 -32 -32 -7 -7 -0.27 -0.27 -0.12 0.83 - - 2.09 - - -12.01 - - - - - - RAINY RIVER RESOURCES LTD CAD 207 352 100 0 0 0 0 0.11 0 0 1 1 -63 -63 -15 -15 -0.72 -0.61 -0.19 -0.14 - - - - -296.17 - - - - - - SULLIDEN GOLD CORP LTD CAD 218 2032 243 0 0 0 0 0.20 0 0 -12 -4 - - -0.06 -0.04 -0.03 -0.03 - - - - -35.85 - - - - - - ASANKO GOLD INC CAD 196 297 76 0 0 0 0 0.01 0 0 0 -35 -34 - - -0.48 -0.26 -0.15 -0.16 - - - - 7.21 - - - - - - BEAR CREEK MINING CORP CAD 168 123 92 0 0 0 0 0.10 0 0 -31 -31 - - -0.33 -0.32 -0.21 -0.07 - - - - -5.79 - - - - - - PARAMOUNT GOLD AND SILVER USD 215 571 0 0 0 0 0.20 0 0 -18 -18 -8 -8 - - -0.04 -0.04 - - -59.56 - -54.62 - -29165.25 - - - - KIRKLAND LAKE GOLD INC CAD 241 687 70 0 0 0 0 0.30 157 137 154 258 55 24 22 22 0.56 -0.01 0.01 0.53 - - 429.60 6.36 53.70 61.42 108.90 - 17.26 - - - - GUYANA GOLDFIELDS INC CAD 188 340 95 0 0 0 0 0.16 0 0 407 -8 -8 - - -0.09 -0.10 -0.08 -0.09 - - - - 19.26 - - - - - - HIGHLAND GOLD MINING LTD GBp 399 45 325 0 0 0 0 0.53 535 535 587 689 247 247 247 247 0.58 0.57 0.42 0.49 4.94 4.93 6.72 5.85 26.16 37.65 5.46 62.66 70.09 - - - - INDOPHIL RESOURCES NL AUD 295 849 1203 0 0 0 0 0.06 0 0 -17 -17 - - 0.00 0.00 52.10 - - - -121.60 - - - - - - LYDIAN INTERNATIONAL LTD CAD 189 433 127 0 0 0 0 0.10 0 0 - - - - -0.05 -0.05 -0.04 -0.02 - - - - - - - - - - - SABINA GOLD & SILVER CORP CAD 193 928 174 0 0 0 0 0.08 0 0 -12 -12 - - -0.08 -0.08 -0.03 -0.03 - - - - -18.38 - - - - - - LAKE SHORE GOLD CORP CAD 119 5464 416 0 0 0 0 0.21 131 149 196 265 37 37 - - -0.22 -0.22 -0.01 0.05 - - 5.70 99.00 - 409.44 - 27.99 - - - - BRIGUS GOLD CORP USD 139 1186 0 0 0 0 0.20 118 136 152 159 48 48 - - - - 0.15 0.13 - - 4.06 4.52 63.78 - 239.92 60.49 41.21 - - - - GREAT PANTHER SILVER LTD USD 110 952 0 0 0 0 0.09 61 60 57 68 16 16 - - - - 0.04 0.05 - - 23.13 16.19 5.74 21.76 -28.90 - 25.56 - - - - INTREPID MINES LTD AUD 153 5787 555 0 0 0 0 0.14 0 0 -47 -47 - - -0.11 -0.13 -0.01 -0.01 - - - - -21.31 - - - - - - VISTA GOLD CORP USD 108 484 82 0 0 0 0 0.02 0 0 0 -36 -34 - - -0.54 -0.51 -0.29 -0.18 - - - - -26.58 - - - - - - ALEXCO RESOURCE CORP USD 99 437 0 0 0 0 0.08 85 77 78 95 25 25 - - - - -0.14 -0.04 - - 87.81 276.59 160.76 - 30.03 - - - - ATAC RESOURCES LTD CAD 109 325 104 0 0 0 0 0.09 0 0 - - -1 -1 -0.08 -0.07 -0.05 -0.05 - - - - - - - - - - - SCORPIO MINING CORP CAD 90 386 198 0 0 0 0 0.06 45 41 50 102 14 14 - - 0.04 0.03 0.03 0.13 15.06 15.06 13.28 3.40 -24.54 - -50.82 - 30.39 - - - - MIDWAY GOLD CORP USD 113 393 128 0 0 0 0 0.08 0 0 -14 -14 - - -0.12 -0.12 -0.11 -0.12 - - - - 21.14 - - - - - - PATAGONIA GOLD PLC GBp 140 443 813 0 0 0 0 0.14 0 0 -24 -24 - - -0.03 -0.03 - - - - 79.06 - - - - - - GRYPHON MINERALS LTD AUD 90 5524 348 0 0 0 0 0.04 0 0 1 1 -8 -7 - - - -0.01 -0.02 -0.01 - - - - 48.45 - - - - - - DRDGOLD LTD-SPONSORED ADR USD 235 71 0 0 0 0 1764 1959 2129 2546 371 400 526 526 - - 7.97 12.05 - - 7.11 4.71 27.89 7.86 64.25 12.94 20.40 - - - - RED 5 LTD AUD 82 68 135 0 0 0 0 0.09 4 16 43 123 -3 -5 9 9 -0.01 -0.07 -0.06 0.25 - - 2.41 - - 42.56 - -28.99 - - - - LINGBAO GOLD CO LTD-H HKD 216 1498 770 1 0 0 0 0.69 824 824 892 850 95 95 97 97 0.03 0.03 0.02 0.02 1.05 1.02 1.23 1.20 1.51 2.37 -1.33 0.92 1.49 - - - - INTL TOWER HILL MINES LTD USD 82 242 0 0 0 0 0.06 0 0 0 0 -56 -57 - - - - -0.10 -0.07 - - - - -463.04 - - - - - - SARACEN MINERAL HOLDINGS LTD AUD 91 6924 595 0 0 0 0 0.10 180 184 207 227 62 51 61 61 0.04 -0.02 0.03 0.07 - - 4.35 2.20 17.71 - 5.99 - 27.27 - - - - EXETER RESOURCE CORP USD 65 240 88 0 0 0 0 0.01 0 0 -26 -26 - - -0.29 -0.29 -0.13 -0.11 - - - - 17.44 - - - - - - RICHMONT MINES INC USD 70 189 40 0 0 0 0 0.03 102 100 105 134 8 3 - - -0.08 -0.21 0.05 0.36 - - 40.28 5.04 -14.20 10.98 -79.79 8.26 2.89 - - - - RAMELIUS RESOURCES LTD AUD 68 1355 336 0 0 0 0 0.03 83 114 126 164 13 -10 25 25 0.01 -0.06 0.01 0.08 - - 25.15 2.37 -42.27 171.79 -86.60 8.55 -8.92 - - - - GOLDEN MINERALS CO USD 65 263 43 0 0 0 0 0.03 26 26 33 52 -35 -35 -6 -6 -1.44 -1.37 -0.68 -0.29 - - 1320.81 - 45.58 - -133.08 - - - - SAN GOLD CORP CAD 44 3775 335 0 0 0 0 0.04 140 129 129 165 35 35 - - -0.04 -0.06 -0.05 -0.02 - - 24.11 136.57 184.46 - 24.79 - - - - OREZONE GOLD CORP CAD 56 324 86 0 0 0 0 0.04 0 0 -28 -28 - - -0.06 -0.08 -0.17 -0.08 - - - - 9.57 - - - - - - GRAN COLOMBIA GOLD CORP CAD 64 536 382 0 0 0 0 0.25 165 160 171 207 15 15 10 10 -0.08 -0.06 -0.06 0.03 - - 5.46 21.77 - 860.78 - 8.63 - - - - Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 4.
    2013 2014 20152016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.33 2.33 2.14 1.96 2.33 1.49 1.49 1.43 1.37 1.49 10.49 10.49 9.79 10.09 10.49 9.32 9.32 8.61 8.06 9.32 15.04 15.04 13.53 12.29 15.04 2.09 2.09 2.25 2.43 2.09 1741.9 5.0% Euro Stoxx 50 Pr 1.22 1.22 1.15 1.08 1.22 0.79 0.79 0.77 0.75 0.79 6.03 6.03 5.58 5.01 6.03 7.32 7.32 6.91 6.55 7.32 12.03 12.03 10.73 9.73 12.03 4.09 4.09 4.38 4.71 4.09 2934.4 4.8% NIKKEI 225 1.69 1.69 1.58 1.46 1.69 0.78 0.78 0.76 0.75 0.78 9.86 9.86 9.20 8.58 9.86 9.47 9.47 8.81 8.36 9.47 21.35 21.35 19.52 15.65 21.35 1.47 1.47 1.50 1.74 1.47 13690.9 -9.0% FTSE 100 INDEX 1.76 1.76 1.64 1.56 1.76 1.01 1.01 0.99 1.00 1.01 8.65 8.65 7.86 6.85 8.65 7.13 7.13 6.73 6.32 7.13 12.35 12.35 11.28 10.42 12.34 3.75 3.75 4.03 4.39 3.75 6965.9 4.0% SWISS MARKET INDEX 2.47 2.47 2.32 2.12 2.47 2.10 2.10 2.00 1.91 2.10 12.78 12.78 11.55 10.40 12.78 13.60 13.60 12.56 11.77 13.60 15.52 15.52 13.95 12.71 15.52 3.13 3.13 3.48 4.00 3.13 8389.6 1.2% S&P/TSX COMPOSITE INDEX 1.67 1.67 1.55 1.45 1.67 1.57 1.57 1.48 1.39 1.57 8.34 8.34 7.50 6.93 8.34 8.48 8.48 7.50 7.06 8.48 14.27 14.27 12.59 11.64 14.27 3.20 3.20 3.35 3.54 3.20 14270.4 14.4% S&P/ASX 200 INDEX 1.95 1.95 1.85 1.75 1.95 1.89 1.89 1.78 1.68 1.89 11.58 11.58 10.31 9.44 11.58 9.81 9.81 8.72 8.06 9.81 15.75 15.75 14.13 12.95 15.75 4.35 4.35 4.64 4.98 4.35 5247.6 1.6% HANG SENG INDEX 1.36 1.36 1.26 1.15 1.36 1.76 1.76 1.63 1.50 1.76 8.18 8.18 7.73 7.34 8.18 8.45 8.45 7.69 7.09 8.45 10.97 10.97 10.08 9.17 10.97 3.53 3.53 3.81 4.22 3.53 24962.1 8.1% MSCI EM 1.47 1.47 1.16 1.23 1.47 1.02 1.02 0.95 0.90 1.02 7.16 7.16 6.60 6.20 7.16 6.52 6.52 5.97 5.61 6.52 11.04 11.04 9.88 9.20 11.04 2.80 2.80 3.09 3.38 2.80 1184.0 13.2% GOLDCORP INC 0.99 0.95 0.91 0.86 4.04 4.54 3.57 3.25 3.05 9.59 11.38 7.97 6.72 5.77 7.70 9.51 6.56 5.73 5.02 13.77 19.46 13.01 11.43 9.13 1.97 2.18 2.18 2.20 2.20 38.45 40.8% BARRICK GOLD CORP 0.75 0.81 0.77 0.70 1.37 1.43 1.33 1.35 1.25 3.54 4.09 3.78 3.57 3.47 4.63 5.22 4.77 4.62 4.07 5.11 6.16 5.84 6.08 5.25 3.87 4.13 4.16 4.05 5.66 28.94 48.9% NEWMONT MINING CORP 1.15 1.05 1.02 0.97 1.57 1.71 1.46 1.47 5.23 5.87 4.89 5.10 8.94 5.54 6.85 5.44 5.66 8.55 8.88 11.67 9.27 10.26 14.93 4.54 4.64 4.53 3.90 3.80 41.22 30.6% RANDGOLD RESOURCES LTD-ADR 2.55 2.22 1.91 1.65 4.84 4.80 3.70 3.86 4.24 11.34 10.94 7.39 6.66 10.96 9.00 9.39 6.61 6.46 7.60 15.25 16.64 10.70 10.53 11.50 0.66 0.71 0.88 0.89 109.13 51.6% YAMANA GOLD INC 1.06 1.03 0.96 0.91 3.51 3.36 2.78 2.87 2.43 7.79 7.84 6.12 5.85 5.44 6.78 7.01 5.33 5.45 4.08 12.15 14.18 10.44 10.16 9.32 2.16 2.24 2.21 2.13 2.34 16.94 52.8% GOLD FIELDS LTD-SPONS ADR 0.70 0.81 0.75 0.68 0.84 1.43 1.37 1.31 2.57 3.95 3.99 3.66 4.97 9.41 7.50 6.59 6.30 3.32 3.63 4.36 8.53 40.8% SILVER WHEATON CORP 2.52 2.26 2.01 1.80 1.46 9.61 8.15 7.25 6.98 5.14 11.63 10.72 9.61 8.98 7.87 13.01 11.53 10.01 9.91 7.07 13.40 13.98 12.57 12.47 10.32 1.69 1.66 1.68 1.56 -0.41 39.55 78.3% ANGLOGOLD ASHANTI-SPON ADR 1.19 1.09 0.95 0.85 1.05 1.11 1.02 1.04 3.75 3.41 3.20 3.65 6.12 11.27 6.95 7.47 2.30 1.47 1.43 1.47 28.72 62.3% CIA DE MINAS BUENAVENTUR-ADR 1.28 1.12 1.00 0.91 3.25 3.04 2.84 2.94 11.19 13.37 10.41 6.09 8.08 6.79 7.23 6.38 8.21 7.71 8.14 3.38 2.69 3.48 3.06 26.80 47.9% NEW GOLD INC 1.20 1.08 1.01 0.93 0.89 4.03 3.32 3.14 3.09 3.32 10.48 7.96 6.53 6.00 6.69 8.27 6.80 5.66 5.26 5.27 15.99 16.02 12.04 11.17 14.92 0.00 0.00 12.28 89.2% AGNICO EAGLE MINES LTD 1.42 1.41 1.36 1.30 2.57 2.89 2.39 2.41 2.27 6.98 9.59 7.08 6.52 6.07 6.58 8.83 6.29 6.10 4.25 13.53 27.67 16.04 14.98 13.41 2.69 2.97 2.94 2.88 2.80 42.65 49.5% ELDORADO GOLD CORP 0.82 0.81 0.79 0.74 4.26 3.90 3.51 2.53 1.75 10.58 9.93 8.30 5.63 3.46 8.46 8.11 7.09 4.76 2.97 15.01 15.91 13.12 8.70 5.25 2.10 1.89 2.06 2.51 3.05 12.49 81.3% KINROSS GOLD CORP 0.46 0.59 0.57 0.56 0.56 1.39 1.49 1.43 1.55 1.42 4.20 4.58 4.05 4.57 4.33 3.45 4.13 3.62 4.05 3.54 7.15 11.63 9.50 11.14 9.53 3.03 2.94 2.92 3.03 3.03 8.15 54.3% ROYAL GOLD INC 1.64 1.35 1.31 1.22 11.87 10.73 8.58 6.30 16.28 17.32 13.24 9.46 11.95 10.66 8.60 6.43 28.86 33.31 24.02 15.78 1.09 1.43 1.56 1.68 77.03 52.4% HARMONY GOLD MNG-SPON ADR 0.44 0.43 0.42 0.41 0.99 1.01 0.76 0.70 3.97 3.88 2.89 3.49 5.60 9.80 4.96 12.15 3.12 1.49 3.28 1.65 7.85 91.0% IAMGOLD CORP 0.50 0.50 0.48 0.47 1.16 1.28 1.13 1.11 1.03 3.54 4.52 3.66 3.82 3.44 2.68 3.43 2.77 2.95 2.30 5.85 9.73 7.43 8.62 7.71 5.04 4.88 4.64 4.54 4.96 9.51 88.6% PAN AMERICAN SILVER CORP 0.63 0.66 0.62 0.58 0.53 1.89 1.80 1.68 1.68 1.32 6.69 7.25 6.45 7.26 4.66 3.46 3.97 3.31 3.62 1.79 9.52 12.90 10.59 13.00 8.17 1.48 3.68 3.44 3.11 4.18 17.76 48.6% FIRST MAJESTIC SILVER CORP 1.94 4.55 3.21 2.21 1.93 1.70 8.28 7.89 5.36 4.44 3.61 6.66 5.38 3.73 3.34 2.81 10.67 12.19 7.94 6.67 5.95 19.16 87.1% COEUR D'ALENE MINES CORP 0.57 0.55 0.51 0.46 1.52 1.53 1.29 1.28 1.13 4.58 5.59 4.58 3.74 3.76 3.62 2.70 2.53 12.44 22.87 10.24 8.06 21.46 58.3% AURICO GOLD INC 0.61 0.58 0.57 0.56 0.48 3.68 3.93 2.89 2.45 2.07 11.51 9.61 5.93 5.48 4.48 7.30 7.85 5.28 4.29 3.33 11.65 18.27 11.92 11.51 9.43 0.00 3.86 3.07 3.37 4.29 7.25 55.6% ALLIED NEVADA GOLD CORP 1.11 0.91 0.69 0.59 0.52 3.24 1.91 1.26 0.91 0.66 8.65 6.46 3.72 2.70 2.44 9.29 5.54 3.00 2.59 1.89 14.48 9.35 5.19 3.59 3.06 19.90 154.5% HECLA MINING CO 0.78 0.74 0.70 0.61 0.54 2.71 1.83 1.38 1.38 1.36 9.94 6.30 4.98 4.22 4.49 6.74 3.63 2.19 1.90 2.02 28.70 16.76 8.24 7.28 8.09 1.29 1.19 1.94 2.58 1.29 4.84 56.1% NEVSUN RESOURCES LTD 1.13 1.04 0.92 0.85 2.64 5.48 2.50 2.90 5.02 5.00 10.54 3.73 4.49 7.84 2.84 2.87 2.84 2.87 5.16 47.9% AURIZON MINES LTD 1.65 1.64 2.82 3.05 2.40 2.61 2.50 9.02 9.95 6.99 7.23 6.02 4.62 4.79 3.23 18.84 29.85 14.92 14.21 13.52 0.00 4.70 23.3% SILVER STANDARD RESOURCES 0.50 0.46 0.45 0.44 0.34 2.11 2.43 2.15 1.89 1.11 12.83 11.74 10.76 6.88 5.45 4.11 5.04 3.68 2.75 1.19 42.98 45.38 0.00 0.00 0.00 15.05 131.9% SEABRIDGE GOLD INC 42.93 321.3% TANZANIAN ROYALTY EXPLORATIO GOLDEN STAR RESOURCES LTD 0.42 0.43 0.42 0.38 0.33 0.38 0.37 0.37 0.36 1.56 3.11 2.04 1.96 1.43 2.04 2.95 1.94 1.83 3.59 14.58 8.24 6.60 2.03 0.00 0.95 36.0% VISTA GOLD CORP 0.77 0.41 0.42 1.46 0.28 0.50 0.49 0.58 6.75 411.7% GREAT BASIN GOLD LTD 0.01 0.02 0.14 10.20 ARGONAUT GOLD INC 1.53 1.03 0.93 0.82 4.91 4.46 3.48 2.80 2.24 8.87 11.10 7.35 6.46 5.47 6.80 7.42 5.15 4.13 3.09 11.06 15.75 10.55 8.89 8.63 10.91 74.9% TOREX GOLD RESOURCES INC 1.61 1.55 1.56 1.39 1980.13 6.99 37.63 26.30 89.38 0.00 2.56 78.8% LIONGOLD CORP LTD 16.29 10.90 9.47 7.35 5.36 190.00 87.69 43.85 CHINA GOLD INTERNATIONAL RES 0.77 0.72 0.67 0.61 3.16 3.00 1.67 1.10 6.70 0.77 1.68 0.34 7.37 7.18 4.51 2.93 13.08 16.75 14.65 12.18 0.48 0.48 0.63 12.12 3.61 32.4% PERSEUS MINING LTD 1.54 1.35 1.14 0.85 0.72 3.39 1.74 1.37 0.95 0.94 8.88 7.04 3.92 2.38 2.83 8.55 4.09 3.04 1.71 2.02 9.52 9.37 6.14 3.51 4.49 0.00 0.00 0.25 2.86 2.52 2.36 97.9% SANDSTORM GOLD LTD 10.50 8.72 6.50 4.86 12.54 14.14 9.40 7.57 10.91 13.28 12.68 7.65 6.05 22.76 37.76 17.99 12.32 31.25 12.25 75.0% OCEANAGOLD CORP 0.86 0.80 0.76 0.72 0.82 1.34 0.89 0.82 0.89 1.07 4.31 2.59 2.35 2.54 4.56 5.17 3.27 3.41 3.84 7.30 27.77 8.08 5.73 7.53 2.98 64.7% MEDUSA MINING LTD 1.38 1.14 0.81 0.63 0.58 4.83 3.88 1.64 1.50 1.10 8.02 4.70 2.46 2.18 2.41 6.56 5.57 2.16 1.99 1.84 7.45 5.68 2.48 2.33 2.51 4.36 1.42 4.92 7.47 9.93 5.06 114.3% DUNDEE PRECIOUS METALS INC 0.72 0.65 0.51 0.47 1.55 1.26 1.07 1.08 4.44 4.29 3.35 3.02 2.74 3.75 3.22 2.24 1.76 1.48 7.23 7.88 5.65 5.32 4.32 0.00 0.00 0.00 10.79 147.4% RIO ALTO MINING LTD 2.48 1.87 1.86 1.77 1.77 1.79 1.47 5.14 5.38 5.11 4.60 3.70 2.78 3.88 3.81 3.36 2.19 6.11 7.02 5.99 6.04 5.55 0.00 0.00 0.00 5.97 85.5% AURIZON MINES LTD 1.65 1.64 2.82 3.05 2.40 2.61 2.50 9.02 9.95 6.99 7.23 6.02 4.62 4.79 3.23 18.84 29.85 14.92 14.21 13.52 0.00 4.70 23.3% ENDEAVOUR SILVER CORP 1.97 1.71 1.45 1.45 4.90 5.21 3.89 4.25 4.57 4.70 3.10 3.26 9.32 9.93 6.86 8.11 8.20 101.0% CONTINENTAL GOLD LTD 32.11 32.11 29.96 1.94 4.23 5.36 6.55 11.81 226.3% RUBICON MINERALS CORP 0.96 4.88 4.22 7.80 7.09 4.83 209.8% SILVERCORP METALS INC 1.02 1.82 2.20 1.73 1.32 1.23 3.77 5.74 5.13 2.61 2.59 4.18 2.76 2.23 5.58 12.21 8.87 4.56 5.31 3.42 3.85 6.20 138.5% EVOLUTION MINING LTD 0.54 0.52 0.47 0.43 0.45 1.25 0.96 0.84 0.85 0.90 2.99 3.02 2.60 2.68 2.74 3.49 2.66 2.15 2.21 2.49 8.06 9.88 7.22 6.06 8.65 0.00 1.20 2.41 2.65 2.53 1.16 39.6% CHINA PRECIOUS METAL RESOURC 1.51 1.09 0.95 0.80 3.96 3.10 2.47 2.59 12.36 15.11 7.84 6.00 4.81 5.31 13.60 9.38 8.34 8.50 0.74 1.70 25.0% SEABRIDGE GOLD INC 42.93 321.3% BEADELL RESOURCES LTD 5.30 2.77 1.40 1.12 89.15 1.57 1.48 1.71 1.96 3.98 3.09 4.31 3.84 3.39 4.61 7.10 4.40 3.68 5.12 5.08 0.00 0.32 1.44 1.76 4.80 1.00 60.5% RESOLUTE MINING LTD 0.82 0.74 0.62 0.52 0.38 0.77 0.72 0.81 0.76 0.76 2.34 2.13 2.77 2.30 2.63 1.54 1.50 1.84 1.55 1.43 3.39 3.21 4.59 4.40 4.48 0.00 6.53 3.40 4.49 6.80 1.38 87.6% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 5.
    2013 2014 20152016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to Spot S&P 500 INDEX 2.33 2.33 2.14 1.96 2.33 1.49 1.49 1.43 1.37 1.49 10.49 10.49 9.79 10.09 10.49 9.32 9.32 8.61 8.06 9.32 15.04 15.04 13.53 12.29 15.04 2.09 2.09 2.25 2.43 2.09 1741.9 5.0% Euro Stoxx 50 Pr 1.22 1.22 1.15 1.08 1.22 0.79 0.79 0.77 0.75 0.79 6.03 6.03 5.58 5.01 6.03 7.32 7.32 6.91 6.55 7.32 12.03 12.03 10.73 9.73 12.03 4.09 4.09 4.38 4.71 4.09 2934.4 4.8% NIKKEI 225 1.69 1.69 1.58 1.46 1.69 0.78 0.78 0.76 0.75 0.78 9.86 9.86 9.20 8.58 9.86 9.47 9.47 8.81 8.36 9.47 21.35 21.35 19.52 15.65 21.35 1.47 1.47 1.50 1.74 1.47 13690.9 -9.0% FTSE 100 INDEX 1.76 1.76 1.64 1.56 1.76 1.01 1.01 0.99 1.00 1.01 8.65 8.65 7.86 6.85 8.65 7.13 7.13 6.73 6.32 7.13 12.35 12.35 11.28 10.42 12.34 3.75 3.75 4.03 4.39 3.75 6965.9 4.0% SWISS MARKET INDEX 2.47 2.47 2.32 2.12 2.47 2.10 2.10 2.00 1.91 2.10 12.78 12.78 11.55 10.40 12.78 13.60 13.60 12.56 11.77 13.60 15.52 15.52 13.95 12.71 15.52 3.13 3.13 3.48 4.00 3.13 8389.6 1.2% S&P/TSX COMPOSITE INDEX 1.67 1.67 1.55 1.45 1.67 1.57 1.57 1.48 1.39 1.57 8.34 8.34 7.50 6.93 8.34 8.48 8.48 7.50 7.06 8.48 14.27 14.27 12.59 11.64 14.27 3.20 3.20 3.35 3.54 3.20 14270.4 14.4% S&P/ASX 200 INDEX 1.95 1.95 1.85 1.75 1.95 1.89 1.89 1.78 1.68 1.89 11.58 11.58 10.31 9.44 11.58 9.81 9.81 8.72 8.06 9.81 15.75 15.75 14.13 12.95 15.75 4.35 4.35 4.64 4.98 4.35 5247.6 1.6% HANG SENG INDEX 1.36 1.36 1.26 1.15 1.36 1.76 1.76 1.63 1.50 1.76 8.18 8.18 7.73 7.34 8.18 8.45 8.45 7.69 7.09 8.45 10.97 10.97 10.08 9.17 10.97 3.53 3.53 3.81 4.22 3.53 24962.1 8.1% MSCI EM 1.47 1.47 1.16 1.23 1.47 1.02 1.02 0.95 0.90 1.02 7.16 7.16 6.60 6.20 7.16 6.52 6.52 5.97 5.61 6.52 11.04 11.04 9.88 9.20 11.04 2.80 2.80 3.09 3.38 2.80 1184.0 13.2% ENDEAVOUR MINING CORP 1.02 0.74 0.57 0.57 0.35 2.08 2.18 1.80 1.61 0.80 3.62 2.73 2.24 2.10 1.66 5.68 6.24 5.09 4.76 1.52 2.61 196.6% FORTUNA SILVER MINES INC 1.42 1.15 0.98 0.84 0.75 2.03 2.02 1.68 1.64 5.12 5.57 4.71 4.53 4.43 3.99 3.85 2.74 2.64 3.02 9.96 11.41 8.49 8.21 8.33 4.94 76.4% MCEWEN MINING INC 0.64 0.58 0.53 4.06 2.81 1.96 14.64 58.57 10.25 10.25 13.43 4.95 2.71 22.78 25.63 10.79 41.00 5.13 150.0% MAG SILVER CORP 2.76 2.97 3.26 3.44 14.25 118.9% PRIMERO MINING CORP 0.86 0.84 0.87 0.74 2.67 2.45 1.97 1.45 1.12 5.47 6.08 4.91 4.64 2.78 4.47 4.33 2.83 1.88 1.25 10.26 11.75 8.52 7.29 4.18 0.00 0.00 8.60 66.4% KINGSGATE CONSOLIDATED LTD 0.33 0.30 0.28 0.26 0.22 0.68 0.73 0.64 0.52 0.38 2.05 1.99 1.47 1.32 1.11 2.25 3.33 2.65 2.42 1.78 2.75 6.80 6.45 6.09 3.26 13.07 6.63 11.19 14.65 25.78 3.15 91.2% TIMMINS GOLD CORP 1.99 1.51 1.20 1.20 2.00 1.63 1.49 1.42 1.37 5.62 4.55 4.72 4.77 4.35 4.14 3.51 3.43 3.70 3.43 7.99 6.49 6.67 6.38 6.08 0.00 0.00 0.00 3.43 54.4% ST BARBARA LTD 0.38 0.30 0.28 0.26 0.33 0.56 0.57 0.49 0.45 0.54 0.94 2.67 1.61 1.41 2.05 2.08 2.87 1.91 1.89 2.37 1.71 7.65 4.00 4.25 8.73 0.00 0.00 1.94 2.90 2.58 1.27 105.3% PREMIER GOLD MINES LTD 0.61 135.21 0.00 5.57 223.8% NORTHERN STAR RESOURCES LTD 3.30 2.50 2.03 1.74 1.65 2.80 2.30 1.87 1.82 1.11 7.18 4.93 5.49 6.42 3.63 5.22 3.55 2.91 3.26 2.14 12.95 9.80 7.80 7.80 5.75 0.00 3.59 4.14 3.45 4.83 1.01 39.6% TANZANIAN ROYALTY EXPLORATIO REAL GOLD MINING LTD 1.43 4.51 6.03 3.35 7.56 0.00 GOLDEN STAR RESOURCES LTD 0.42 0.43 0.42 0.38 0.33 0.38 0.37 0.37 0.36 1.56 3.11 2.04 1.96 1.43 2.04 2.95 1.94 1.83 3.59 14.58 8.24 6.60 2.03 0.00 0.95 36.0% ROMARCO MINERALS INC 0.22 0.91 2.24 1.04 8.07 2.42 12.11 1.48 300.0% BANRO CORPORATION 0.64 6.12 1.85 0.76 0.71 0.65 97.30 4.98 1.63 1.31 1.41 222.05 8.63 2.42 2.32 1.91 18.45 3.39 3.21 2.61 0.93 0.00 0.00 5.61 6.54 1.94 78.0% COLOSSUS MINERALS INC 1.68 1.74 0.68 0.48 4.56 0.67 0.66 0.69 1.77 1.49 1.87 16.81 0.98 0.90 2.13 1.80 2.35 0.00 0.00 6.76 269.4% RAINY RIVER RESOURCES LTD 0.94 210.94 210.94 2.54 191.82 4.14 0.00 6.61 213.2% SULLIDEN GOLD CORP LTD 0.81 18.05 1.59 4.82 5.13 1.95 4.32 4.56 1.72 110.0% ASANKO GOLD INC 0.86 0.92 2.26 0.72 2.85 1.08 384.59 4.27 0.00 0.00 0.00 0.00 4.34 84.8% BEAR CREEK MINING CORP 1.23 2.33 4.01 116.9% PARAMOUNT GOLD AND SILVER 0.80 0.56 1.00 3.67 165.9% KIRKLAND LAKE GOLD INC 1.04 0.98 0.87 0.73 1.48 1.57 0.93 0.69 0.53 4.58 9.21 3.76 1.94 1.29 4.72 9.68 2.94 1.91 1.48 4.81 437.50 6.48 2.84 2.11 9.01 157.5% GUYANA GOLDFIELDS INC 0.77 0.63 0.39 0.33 0.28 0.46 0.92 0.76 2.30 1.38 1.35 1.07 3.82 1.95 0.00 5.26 246.2% HIGHLAND GOLD MINING LTD 0.51 0.46 0.42 0.39 0.35 1.16 1.03 0.88 0.90 0.90 2.97 3.51 2.87 2.92 2.41 2.24 2.15 1.80 1.84 1.96 3.92 4.42 3.85 4.28 5.58 6.03 5.78 6.19 5.86 6.51 140.04 73.4% INDOPHIL RESOURCES NL LYDIAN INTERNATIONAL LTD 2.51 1.69 1.88 1.22 7.03 3.36 19.50 15.93 3.56 140.7% SABINA GOLD & SILVER CORP 0.65 0.38 0.65 0.67 0.00 4.28 278.3% LAKE SHORE GOLD CORP 0.13 0.18 0.17 0.86 0.60 0.45 0.45 0.37 2.76 1.88 1.30 1.21 0.78 6.73 2.78 1.73 2.03 1.23 5.80 3.49 3.22 1.23 324.6% BRIGUS GOLD CORP 0.50 1.15 0.92 0.88 0.71 0.51 2.60 1.96 2.04 1.86 1.50 3.79 2.61 2.32 1.93 1.84 6.13 4.06 4.52 3.25 2.86 1.41 134.9% GREAT PANTHER SILVER LTD 1.80 1.97 1.64 6.09 11.56 6.75 4.26 4.26 4.74 10.69 4.66 12.46 23.13 16.19 16.19 26.98 1.23 54.8% INTREPID MINES LTD 0.92 1.09 1.13 0.96 0.64 4629.42 4.76 0.65 0.00 0.00 0.00 0.00 0.24 -14.3% VISTA GOLD CORP 0.77 0.41 0.42 1.46 0.28 0.50 0.49 0.58 6.75 411.7% ALEXCO RESOURCE CORP 1.13 1.30 1.07 0.94 0.70 4.46 6.40 3.25 2.36 1.78 7.24 39.11 39.12 28.92 13.49 3.86 3.20 101.1% ATAC RESOURCES LTD 1.23 1.09 1.00 0.93 3.53 259.7% SCORPIO MINING CORP 1.94 1.79 0.88 6.87 5.54 1.63 1.00 5.06 5.68 3.24 11.50 13.53 3.46 2.19 1.78 287.7% MIDWAY GOLD CORP 1.17 2.00 1.36 1.34 1.76 0.98 35.97 29.97 26.07 1.85 29.97 1.77 101.0% PATAGONIA GOLD PLC GRYPHON MINERALS LTD 0.42 0.44 0.41 0.36 0.20 37.38 121.19 67.33 1.57 0.55 8.85 1.68 1.53 2.52 0.59 4.42 1.97 0.00 0.00 0.00 0.00 0.00 0.60 162.8% DRDGOLD LTD-SPONSORED ADR 1.03 0.86 5.35 3.62 7.11 4.71 5.27 7.03 8.40 37.9% RED 5 LTD 0.62 0.58 0.47 0.37 6.09 1.92 0.67 0.64 0.42 10.88 1.20 1.01 20.24 11.47 1.27 1.13 0.69 22.96 2.45 1.86 1.44 0.00 0.00 0.00 0.00 0.97 56.5% LINGBAO GOLD CO LTD-H 0.53 0.53 0.51 0.50 0.19 0.19 0.20 0.23 6.65 7.06 6.57 6.91 6.37 9.55 9.29 12.73 4.31 3.49 3.20 2.33 2.14 -1.4% INTL TOWER HILL MINES LTD 0.36 0.52 0.31 0.00 4.06 385.4% SARACEN MINERAL HOLDINGS LTD 0.52 0.34 0.30 0.26 0.21 0.50 0.44 0.40 0.32 0.33 1.61 1.65 1.40 1.08 1.29 1.65 1.61 1.21 0.88 1.12 3.52 4.43 2.25 1.91 1.63 0.00 0.00 0.00 7.10 6.45 0.30 91.9% EXETER RESOURCE CORP 1.19 4.55 519.3% RICHMONT MINES INC 0.68 0.68 0.54 6.47 5.94 2.54 17.26 40.28 5.03 3.60 102.3% RAMELIUS RESOURCES LTD 0.43 0.25 0.25 0.22 0.74 0.54 0.41 0.45 0.34 9.32 6.41 1.88 1.86 1.67 1.19 0.55 0.59 0.53 5.54 25.63 2.41 2.81 3.42 0.00 0.00 1.95 2.93 9.76 0.34 63.4% GOLDEN MINERALS CO 2.60 2.00 1.25 0.84 25.00 1.55 0.53 2.94 4.03 168.5% SAN GOLD CORP 0.19 0.21 0.32 0.35 0.27 1.16 1.63 0.95 1.04 1.04 1.19 1.36 0.98 1.84 0.23 70.4% OREZONE GOLD CORP 0.26 6.58 0.67 5.06 5.46 8.22 2.50 273.8% GRAN COLOMBIA GOLD CORP 0.31 0.37 0.30 0.19 2.38 1.85 0.83 6.63 25.19 5.25 2.49 5.56 5.56 1.67 0.70 311.8% Price to Earnings Ratio Valuation Measures II/II Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 6.
    16.05.2013 Goldcorp, Inc. isengaged in the acquisition, exploration, development and operation of precious metal properties in Canada, the Unites States, Mexico and Central and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 47.42 52-Week Low (17.04.2013) 27.11 Daily Volume 27.3 52-Week High % Change -42.43% Dividend Yield 2.03 52-Week Low % Change 0.70% Beta 0.73 % 52 Week Price Range High/Low 0.94% Equity Float 809.15 Shares Out 30.04.2013 812.0 Short Int 7.29 22'264.98 1 Yr Total Return -15.34% Total Debt 783.00 YTD Return -25.03% Preferred Stock 0.0 Adjusted BETA 0.730 Minority Interest 213.0 Analyst Recs 27 Cash and Equivalents 918.00 Consensus Rating 4.333 Enterprise Value 22'738.98 Average Volume 5 Day 7'053'540 GG US EQUITY YTD Change - Average Volume 30 Day 8'147'308 GG US EQUITY YTD % CHANGE - Average Volume 3 Month 7'330'675 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 2'419.6 2'723.6 3'738.0 5'362.0 5'435.0 5'357 5'101 4'905 6'245 1'171 1'289 9.42x 10.50x 9.95x 6.61x 5.50x 27.45x 24.55x 4.83x 3.77x 19.67x 18.04x 1'052.2 1'366.2 2'026.0 2'336.0 2'798.0 2'966.0 2'532.0 2'391.9 3'464.5 569.6 660.7 21.66x 20.94x 18.36x 15.18x 10.69x 12.15x 10.97x 9.51x 6.56x 8.86x 8.74x 1'475.6 240.2 2'051.0 1'187.0 1'749.0 1'709.0 1'579.0 1'192.9 1'767.9 220.9 294.6 57.34x 50.85x 30.36x 22.24x 18.47x 23.69x 19.73x 19.46x 13.01x 18.27x 16.28x EBITDA 2'798.00 Long-Term Rating Date 01.06.2009 EBIT 2'123.00 Long-Term Rating BBB+ Operating Margin 39.06% Long-Term Outlook STABLE Pretax Margin 41.44% Short-Term Rating Date - Return on Assets 5.06% Short-Term Rating - Return on Common Equity 7.08% Return on Capital 6.69% EBITDA/Interest Exp. 93.27 Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. 6.33 Net Debt/EBITDA 0.10 Gross Margin 44.6% Total Debt/EBITDA 0.90 EBITDA Margin 49.6% EBIT Margin 36.6% Total Debt/Equity 3.4% Net Income Margin 32.2% Total Debt/Capital 3.3% Asset Turnover 0.16 Current Ratio 2.15 Net Fixed Asset Turnover 0.20 Quick Ratio 1.39 Accounts receivable turnover-days 42.40 Debt to Assets 2.51% Inventory Days 85.97 Tot Debt to Common Equity 3.45% Accounts Payable Turnover Day 88.00 Accounts Receivable Turnover 8.61 Cash Conversion Cycle 33.03 Inventory Turnover 4.25 Fiscal Year Ended Goldcorp Inc Price/Volume Valuation Analysis 8'974'858.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 30 35 40 45 50 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 1'000.0 2'000.0 3'000.0 4'000.0 5'000.0 6'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 7.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 95'391'332 11.75 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 30'706'526 3.78 (2'230'630) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 28'365'944 3.49 (3'227'565) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 23'371'159 2.88 379'529 31.03.2013 Bank BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 19'122'015 2.35 (574'672) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 18'417'273 2.27 7'264'832 31.03.2013 Hedge Fund Manager CARMIGNAC GESTION CARMIGNAC GESTION 13F 17'580'357 2.17 17'580'357 31.12.2012 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 15'798'349 1.95 5'678'487 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 15'368'322 1.89 (264'603) 31.03.2013 Investment Advisor CI INVESTMENTS INC Multiple Portfolios MF-AGG 12'996'285 1.6 (440'597) 31.12.2012 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 11'582'812 1.43 (224'052) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 11'409'803 1.41 1'401'951 31.12.2012 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 11'159'562 1.37 3'920'300 31.03.2013 Investment Advisor RS INVESTMENT MANAGE RS INVESTMENT MANAGE 13F 8'785'563 1.08 4'171'254 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 8'426'680 1.04 (27'800) 31.12.2012 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 7'186'295 0.89 (176'695) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 6'835'256 0.84 1'053'271 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 6'076'235 0.75 (1'030'733) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 5'947'164 0.73 1'660'114 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 5'776'522 0.71 1'267'153 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 42 Not Provided 09.05.2013 Credit Suisse ANITA SONI neutral 3 M 35 Not Provided 09.05.2013 JPMorgan JOHN BRIDGES overweight 5 M 47 12 month 09.05.2013 Macquarie TONY LESIAK outperform 5 M 40 12 month 09.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 41 12 month 09.05.2013 GMP GEORGE V ALBINO buy 5 M 61 Not Provided 09.05.2013 TD Securities GREG BARNES buy 5 M 37 12 month 09.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 36 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector outperform 5 M 45 Not Provided 08.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 35 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 43 12 month 07.05.2013 Stifel GEORGE J TOPPING buy 5 M 36 12 month 03.05.2013 Salman Partners DAVID WEST top pick 5 M 46 12 month 03.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 44 12 month 03.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 28 Not Provided 03.05.2013 Barclays FAROOQ HAMED overweight 5 M 38 Not Provided 03.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 28 12 month 02.05.2013 Jefferies PETER D WARD hold 3 M 27 12 month 02.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 35 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 39 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 15.03.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 08.01.2013 Raymond James BRAD HUMPHREY Under Review #N/A N/A N #N/A N/A Not Provided 19.11.2008 Holdings By: Goldcorp Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 8.
    16.05.2013 Barrick Gold Corporationis an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 43.30 52-Week Low (17.04.2013) 17.51 Daily Volume 19.44 52-Week High % Change -55.10% Dividend Yield 4.12 52-Week Low % Change 11.02% Beta 0.79 % 52 Week Price Range High/Low 7.48% Equity Float 998.50 Shares Out 30.04.2013 1'001.2 Short Int 13.82 19'462.40 1 Yr Total Return -43.57% Total Debt 13'943.00 YTD Return -44.12% Preferred Stock 0.0 Adjusted BETA 0.792 Minority Interest 2'663.0 Analyst Recs 32 Cash and Equivalents 2'093.00 Consensus Rating 3.938 Enterprise Value 34'609.40 Average Volume 5 Day 16'409'598 ABX US EQUITY YTD Change - Average Volume 30 Day 25'081'874 ABX US EQUITY YTD % CHANGE - Average Volume 3 Month 17'541'120 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 7'613.0 8'136.0 11'001.0 14'236.0 14'547.0 14'793.0 14'340.0 13'583.2 14'589.4 3'306.0 3'425.3 4.64x 5.27x 5.25x 4.08x 3.41x 15.70x 14.05x 2.60x 2.43x 10.56x 10.31x 3'010.0 3'589.0 6'211.0 8'327.0 7'358.0 8'579.0 7'071.0 6'625.6 7'258.9 1'583.0 1'700.6 11.75x 11.95x 9.30x 6.98x 6.73x 6.58x 6.30x 5.22x 4.77x 5.24x 5.32x 785.0 (4'274.0) 3'582.0 4'484.0 (665.0) 4'522.0 (847.0) 3'096.5 3'322.4 660.6 736.0 20.18x 16.56x 15.62x 9.79x 9.36x 9.18x 8.90x 6.16x 5.84x 6.60x 6.43x EBITDA 7'358.00 Long-Term Rating Date 26.04.2013 EBIT 5'636.00 Long-Term Rating BBB Operating Margin 38.74% Long-Term Outlook NEG Pretax Margin -6.28% Short-Term Rating Date 19.05.2011 Return on Assets -1.71% Short-Term Rating A-2 Return on Common Equity -3.63% Return on Capital - EBITDA/Interest Exp. 9.89 Asset Turnover 0.29% (EBITDA-Capex)/Interest Exp. 1.33 Net Debt/EBITDA 1.76 Gross Margin 47.4% Total Debt/EBITDA 2.09 EBITDA Margin 49.3% EBIT Margin 37.2% Total Debt/Equity 63.8% Net Income Margin -4.6% Total Debt/Capital 36.3% Asset Turnover 0.29 Current Ratio 1.33 Net Fixed Asset Turnover 0.48 Quick Ratio 0.58 Accounts receivable turnover-days 10.51 Debt to Assets 29.49% Inventory Days 125.35 Tot Debt to Common Equity 63.83% Accounts Payable Turnover Day 94.50 Accounts Receivable Turnover 34.72 Cash Conversion Cycle 33.82 Inventory Turnover 2.91 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Barrick Gold Corp Price/Volume Valuation Analysis 23'816'719.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 70.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 14'000.0 16'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 9.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 87'777'710 8.77 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 29'144'249 2.91 (4'654'979) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 27'711'488 2.77 (2'358'585) 31.03.2013 Bank CAPITAL GROUP COMPAN n/a ULT-AGG 27'616'252 2.76 (47'634'385) 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 26'847'836 2.68 16'089'445 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 23'305'185 2.33 11'852'598 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 19'232'728 1.92 (765'564) 31.03.2013 Investment Advisor CI INVESTMENTS INC Multiple Portfolios MF-AGG 17'663'919 1.76 771'337 31.12.2012 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 17'095'925 1.71 (4'625'429) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 14'741'836 1.47 (68'927) 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 14'548'226 1.45 3'777'420 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 14'348'784 1.43 925'862 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 13'797'555 1.38 (4'803'846) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 13'586'744 1.36 1'359'379 31.12.2012 Investment Advisor INSTITUTIONAL CAPITA INSTITUTIONAL CAPITA 13F 12'481'312 1.25 (248'326) 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 10'376'354 1.04 (576'200) 31.12.2012 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 9'682'770 0.97 128'664 31.03.2013 Investment Advisor OLDFIELD PARTNERS LL OLDFIELD PARTNERS LL 13F 8'964'554 0.9 1'678'488 31.03.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 8'491'106 0.85 2'265'919 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 8'451'322 0.84 2'825'528 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank JORGE M BERISTAIN hold 3 M 23 12 month 13.05.2013 Salman Partners DAVID WEST buy 5 M 30 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 30 Not Provided 09.05.2013 Credit Suisse ANITA SONI outperform 5 M 36 Not Provided 09.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 31 6 month 09.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 28 Not Provided 09.05.2013 Canaccord Genuity Corp STEVEN BUTLER hold 3 M 23 12 month 09.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 34 Not Provided 09.05.2013 GMP GEORGE V ALBINO buy 5 M 50 Not Provided 09.05.2013 TD Securities GREG BARNES hold 3 M 24 12 month 09.05.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 24 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 33 Not Provided 08.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 27 Not Provided 08.05.2013 Argus Research Corp WILLIAM V SELESKY hold 3 M #N/A N/A Not Provided 03.05.2013 Macquarie TONY LESIAK neutral 3 M 21 12 month 03.05.2013 Hamburger Sparkasse INGO SCHMIDT buy 5 M #N/A N/A Not Provided 03.05.2013 Stifel GEORGE J TOPPING buy 5 M 34 12 month 03.05.2013 Jefferies PETER D WARD buy 5 M 30 12 month 30.04.2013 Cormark Securities Inc. RICHARD GRAY market perform 3 M 26 12 month 30.04.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 25.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 33 12 month 25.04.2013 Veritas Investment Research Co PAWEL RAJSZEL buy 5 M 28 Not Provided 25.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 24 12 month 24.04.2013 Barclays FAROOQ HAMED equalweight 3 M 24 Not Provided 24.04.2013 EVA Dimensions CRAIG STERLING sell 1 D #N/A N/A Not Provided 26.02.2013 S&P Capital IQ LEO LARKIN buy 5 M 38 12 month 15.02.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 20.11.2012 Investec PIETER MARAIS hold 3 M 48 Not Provided 18.03.2011 Holdings By: Barrick Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 10.
    16.05.2013 Newmont Mining Corporationacquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 57.93 52-Week Low (30.04.2013) 31.33 Daily Volume 31.57 52-Week High % Change -45.50% Dividend Yield 4.67 52-Week Low % Change 0.77% Beta 0.67 % 52 Week Price Range High/Low 0.90% Equity Float 491.01 Shares Out 22.04.2013 492.3 Short Int 16.84 15'750.92 1 Yr Total Return -25.04% Total Debt 6'298.00 YTD Return -31.28% Preferred Stock 0.0 Adjusted BETA 0.673 Minority Interest 3'175.0 Analyst Recs 24 Cash and Equivalents 1'647.00 Consensus Rating 3.833 Enterprise Value 23'917.92 Average Volume 5 Day 6'667'299 NEM US EQUITY YTD Change - Average Volume 30 Day 9'507'130 NEM US EQUITY YTD % CHANGE - Average Volume 3 Month 8'849'534 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 6'124.0 7'705.0 9'540.0 10'358.0 9'868.0 10'576.0 9'362.0 9'215.8 10'761.2 2'208.0 2'318.6 3.70x 3.46x 3.45x 3.38x 3.13x 12.61x 13.44x 2.63x 2.25x 10.95x 10.49x 2'139.0 3'799.0 5'118.0 5'162.0 4'169.0 5'185.0 3'731.0 3'491.3 4'396.1 808.0 875.5 10.60x 7.02x 6.43x 6.78x 7.41x 6.08x 7.72x 6.85x 5.44x 6.46x 6.07x 831.0 1'297.0 2'277.0 366.0 1'809.0 342.0 1'634.0 1'382.9 1'977.4 281.4 326.0 20.98x 16.99x 13.50x 13.92x 12.29x 11.70x 12.55x 11.67x 9.27x 10.75x 9.80x EBITDA 4'169.00 Long-Term Rating Date 11.08.2008 EBIT 3'137.00 Long-Term Rating BBB+ Operating Margin 31.79% Long-Term Outlook NEG Pretax Margin 31.04% Short-Term Rating Date - Return on Assets 5.59% Short-Term Rating - Return on Common Equity 12.12% Return on Capital 9.02% EBITDA/Interest Exp. 11.71 Asset Turnover 0.32% (EBITDA-Capex)/Interest Exp. 2.69 Net Debt/EBITDA 1.32 Gross Margin 46.6% Total Debt/EBITDA 1.71 EBITDA Margin 39.9% EBIT Margin 28.4% Total Debt/Equity 45.7% Net Income Margin 18.3% Total Debt/Capital 27.1% Asset Turnover 0.32 Current Ratio 1.89 Net Fixed Asset Turnover 0.54 Quick Ratio 0.80 Accounts receivable turnover-days 28.77 Debt to Assets 21.24% Inventory Days 111.05 Tot Debt to Common Equity 45.73% Accounts Payable Turnover Day 34.85 Accounts Receivable Turnover 12.69 Cash Conversion Cycle 89.70 Inventory Turnover 3.29 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Newmont Mining Corp Price/Volume Valuation Analysis 9'295'938.00 Current Price (5/dd/yy) Market Data 0 10 20 30 40 50 60 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 11.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 61'681'268 12.53 - 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 23'252'143 4.72 1'215'913 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 21'606'678 4.39 108'377 15.05.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 19'347'700 3.93 (32'540'600) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 18'679'612 3.79 (1'772'862) 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 12'509'376 2.54 8'462'980 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 11'032'090 2.24 (1'096'373) 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 10'350'619 2.1 2'264'400 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 7'585'611 1.54 (37'784) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 7'349'484 1.49 470'862 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 7'008'200 1.42 7'008'200 31.12.2012 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 6'023'181 1.22 (290'400) 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 5'834'755 1.19 (4'006'058) 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 5'497'991 1.12 453'905 31.03.2013 Unclassified UBS n/a ULT-AGG 5'431'744 1.1 655'171 31.03.2013 Unclassified LAZARD ASSET MANAGEM n/a ULT-AGG 4'937'393 1 (276'645) 31.03.2013 Unclassified JP MORGAN n/a ULT-AGG 4'884'655 0.99 (1'656'954) 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 4'796'938 0.97 (408'945) 31.12.2012 Government BANK OF AMERICA CORP BANK OF AMERICA 13F 4'420'359 0.9 747'540 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 3'840'057 0.78 261'014 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argus Research Corp WILLIAM V SELESKY buy 5 M 42 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 34 Not Provided 13.05.2013 Stifel GEORGE J TOPPING hold 3 M #N/A N/A Not Provided 03.05.2013 JPMorgan JOHN BRIDGES overweight 5 M 51 6 month 01.05.2013 Jefferies PETER D WARD hold 3 M 30 12 month 01.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS buy 5 M 48 12 month 01.05.2013 TD Securities GREG BARNES hold 3 M 37 12 month 01.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 U 42 12 month 01.05.2013 Credit Suisse ANITA SONI neutral 3 M 45 Not Provided 30.04.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 45 Not Provided 30.04.2013 BB&T Capital Markets GARRETT S. NELSON buy 5 M 42 12 month 30.04.2013 Barclays FAROOQ HAMED overweight 5 M 45 Not Provided 30.04.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 30.04.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 56 Not Provided 29.04.2013 Deutsche Bank JORGE M BERISTAIN sell 1 M 24 12 month 29.04.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 41 12 month 29.04.2013 HSBC PATRICK CHIDLEY overweight 5 M 39 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 41 12 month 23.04.2013 GMP GEORGE V ALBINO buy 5 M 60 Not Provided 02.04.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 44 Not Provided 07.11.2012 S&P Capital IQ LEO LARKIN hold 3 D 53 12 month 07.09.2012 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 27.04.2012 Holdings By: Newmont Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 12.
    16.05.2013 Randgold Resources Ltd.provides mining services. The Company offers acquisition, development, and exploration of gold and other precious metal in Africa. Latest Fiscal Year: 12/2011 LTM as of: 03/yy 52-Week High (05.10.2012) 127.27 52-Week Low (17.04.2013) 66.51 Daily Volume 72 52-Week High % Change -43.43% Dividend Yield 0.69 52-Week Low % Change 8.25% Beta 0.64 % 52 Week Price Range High/Low 9.04% Equity Float - Shares Out 30.04.2013 92.1 Short Int 1.36 6'633.50 1 Yr Total Return -2.14% Total Debt 18.02 YTD Return -26.98% Preferred Stock 0.0 Adjusted BETA 0.644 Minority Interest 166.1 Analyst Recs 10 Cash and Equivalents 390.76 Consensus Rating 4.400 Enterprise Value 6'541.92 Average Volume 5 Day 743'752 GOLD US EQUITY YTD Change - Average Volume 30 Day 980'909 GOLD US EQUITY YTD % CHANGE - Average Volume 3 Month 781'136 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 338.6 432.8 484.6 1'127.1 1'317.8 1'175.7 1'331.2 1'383.4 1'791.2 339.0 361.0 9.01x 15.50x 14.79x 7.97x 6.59x 27.71x 26.69x 4.76x 3.39x - - 97.3 142.3 164.3 581.9 699.2 622.0 688.9 697.0 989.4 - - 31.34x 47.15x 43.62x 15.44x 12.43x 12.18x 11.41x 9.39x 6.61x - - 41.6 69.4 103.5 383.9 431.8 431.7 412.0 424.2 657.8 85.0 94.5 78.87x 94.26x 72.03x 24.30x 20.57x 18.19x 19.26x 16.64x 10.70x 15.17x 13.33x EBITDA 699.18 Long-Term Rating Date - EBIT 567.44 Long-Term Rating - Operating Margin 43.06% Long-Term Outlook - Pretax Margin 43.12% Short-Term Rating Date - Return on Assets 14.57% Short-Term Rating - Return on Common Equity 16.52% Return on Capital 18.72% EBITDA/Interest Exp. 582.65 Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 114.09 Net Debt/EBITDA -0.36 Gross Margin 51.1% Total Debt/EBITDA 0.00 EBITDA Margin 51.7% EBIT Margin 39.9% Total Debt/Equity 0.7% Net Income Margin 32.8% Total Debt/Capital 0.6% Asset Turnover 0.47 Current Ratio 4.07 Net Fixed Asset Turnover 1.07 Quick Ratio 1.92 Accounts receivable turnover-days - Debt to Assets 0.58% Inventory Days - Tot Debt to Common Equity 0.69% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 136.09 Inventory Turnover - Fiscal Year Ended Randgold Resources Ltd Price/Volume Valuation Analysis 765'378.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 20 40 60 80 100 120 140 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 13.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 8'511'020 9.24 (58'542) 14.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 6'269'467 6.8 255'676 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'186'287 6.71 (441'271) 15.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 4'337'790 4.71 288'408 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 3'917'000 4.25 3'917'000 31.12.2012 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'639'811 1.78 442'950 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'530'963 1.66 (121'450) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'487'200 1.61 954'000 31.03.2013 Holding Company FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'264'736 1.37 - 31.03.2013 Hedge Fund Manager JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 1'081'729 1.17 67'989 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'032'315 1.12 213'780 31.03.2013 Unclassified OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 956'494 1.04 300'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 947'594 1.03 (20'901) 31.03.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 926'192 1.01 (4'310) 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 891'270 0.97 (60'950) 31.03.2013 Hedge Fund Manager IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 775'000 0.84 550'000 31.03.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 676'284 0.73 (145'226) 15.05.2013 Investment Advisor ASA BERMUDA LIMITED ASA BERMUDA LIMITED 13F 444'700 0.48 - 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 425'216 0.46 128'654 31.03.2013 Bank UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 416'777 0.45 156'408 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY overweight 5 M 91 Not Provided 07.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 120 18 month 07.05.2013 Dundee Securities Corp JOSH WOLFSON buy 5 M 100 12 month 03.05.2013 BMO Capital Markets ANDREW BREICHMANAS outperform 5 M 100 Not Provided 02.05.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 94 12 month 23.04.2013 Canaccord Genuity Corp TIM DUDLEY buy 5 M 133 12 month 11.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 28.03.2013 S&P Capital IQ LEO LARKIN buy 5 M 125 Not Provided 16.11.2012 GARP Research SETH DADDS buy 5 M #N/A N/A Not Provided 10.08.2012 Holdings By: Randgold Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 14.
    16.05.2013 Yamana Gold Inc.is an intermediate gold producer with production, development stage, and exploration properties throughout Brazil. The Company also holds gold exploration properties in Argentina. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (09.11.2012) 20.59 52-Week Low (17.04.2013) 11.02 Daily Volume 11.09 52-Week High % Change -46.14% Dividend Yield - 52-Week Low % Change 0.64% Beta 0.75 % 52 Week Price Range High/Low 0.73% Equity Float 749.87 Shares Out 30.04.2013 752.4 Short Int 5.36 8'344.19 1 Yr Total Return -13.45% Total Debt 765.91 YTD Return -35.28% Preferred Stock 0.0 Adjusted BETA 0.747 Minority Interest 46.8 Analyst Recs 23 Cash and Equivalents 349.59 Consensus Rating 4.304 Enterprise Value 8'908.90 Average Volume 5 Day 6'461'217 AUY US EQUITY YTD Change - Average Volume 30 Day 8'449'024 AUY US EQUITY YTD % CHANGE - Average Volume 3 Month 7'855'324 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 949.4 1'183.3 1'686.8 2'173.3 2'336.8 2'257.0 2'311.9 2'481.1 2'997.5 551.3 652.8 6.36x 7.39x 5.76x 5.04x 5.73x 18.35x 22.46x 3.61x 2.86x 16.16x 13.70x 438.9 575.5 884.1 1'262.7 1'269.4 1'302.7 1'164.1 1'271.0 1'672.3 262.7 337.7 13.76x 15.19x 11.00x 8.67x 10.56x 8.88x 10.44x 7.01x 5.33x 6.78x 6.46x 434.8 192.6 466.5 548.3 442.1 570.1 374.1 533.8 750.8 113.0 153.0 - - - - - 0.00x 0.00x 14.18x 10.44x 13.79x 12.34x EBITDA 1'269.45 Long-Term Rating Date - EBIT 885.71 Long-Term Rating - Operating Margin 37.90% Long-Term Outlook - Pretax Margin 34.88% Short-Term Rating Date - Return on Assets 3.25% Short-Term Rating - Return on Common Equity 4.84% Return on Capital - EBITDA/Interest Exp. 22.03 Asset Turnover 0.20% (EBITDA-Capex)/Interest Exp. -4.66 Net Debt/EBITDA 0.44 Gross Margin 64.4% Total Debt/EBITDA 0.74 EBITDA Margin 50.4% EBIT Margin 33.4% Total Debt/Equity 9.8% Net Income Margin 18.9% Total Debt/Capital 8.9% Asset Turnover 0.20 Current Ratio 1.38 Net Fixed Asset Turnover 0.24 Quick Ratio 0.78 Accounts receivable turnover-days 19.25 Debt to Assets 6.49% Inventory Days 70.76 Tot Debt to Common Equity 9.80% Accounts Payable Turnover Day 130.52 Accounts Receivable Turnover 18.96 Cash Conversion Cycle -62.98 Inventory Turnover 5.16 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Yamana Gold Inc Price/Volume Valuation Analysis 9'955'697.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 20.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 15.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 32'345'793 4.3 1'752'155 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 28'005'526 3.72 (2'389'675) 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 21'120'135 2.81 186'776 31.03.2013 Bank ALLIANZ ASSET MANAGE n/a ULT-AGG 18'951'251 2.52 8'923'202 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 18'879'315 2.51 (21'825'881) 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 12'696'118 1.69 12'696'118 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 11'430'227 1.52 11'430'227 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 10'433'341 1.39 10'433'341 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 10'227'965 1.36 10'227'965 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 9'535'253 1.27 307'566 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 9'490'738 1.26 3'729'389 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 8'469'389 1.13 3'072'073 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 7'226'163 0.96 (304'473) 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 6'942'805 0.92 6'942'805 31.03.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 6'398'774 0.85 6'398'774 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 6'069'801 0.81 6'069'801 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 6'019'943 0.8 783'343 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 5'913'740 0.79 (332'388) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 5'822'420 0.77 352'746 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 5'339'800 0.71 (619'328) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 13 Not Provided 13.05.2013 National Bank Financial STEPHEN PARSONS outperform 5 M 19 12 month 10.05.2013 Davenport & Co LLOYD T O'CARROLL buy 5 M 14 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 20 12 month 07.05.2013 HSBC PATRICK CHIDLEY neutral 3 M 12 Not Provided 06.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 19 12 month 02.05.2013 TD Securities STEVEN J GREEN buy 5 M 18 12 month 02.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 12 Not Provided 02.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 14 12 month 01.05.2013 Credit Suisse ANITA SONI outperform 5 M 19 Not Provided 01.05.2013 CIBC World Markets ALEC KODATSKY sector outperform 5 M 19 Not Provided 01.05.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 17 12 month 01.05.2013 GMP GEORGE V ALBINO buy 5 M 22 Not Provided 01.05.2013 Barclays FAROOQ HAMED overweight 5 M 16 Not Provided 01.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 22 Not Provided 30.04.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 20 Not Provided 30.04.2013 Macquarie TONY LESIAK neutral 3 M 12 12 month 25.04.2013 Morgan Stanley PARETOSH MISRA Overwt/In-Line 5 M 16 12 month 23.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 17 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 Davy BART JAWORSKI underperform 1 D #N/A N/A Not Provided 15.04.2013 VSA Capital Ltd CHARLIE LONG not rated #N/A N/A M #N/A N/A Not Provided 10.01.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 21 12 month 19.06.2012 Holdings By: Yamana Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 16.
    16.05.2013 Gold Fields Limitedproduces precious metals. The Company has mines in South Africa, Ghana, and Australia, as well as a partnership in Finland. Gold Fields has a precious metals programs in Africa, Australasia, Europe, North America, and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.06.2012) 12.09 52-Week Low (15.05.2013) 6.06 Daily Volume 6.06 52-Week High % Change -49.86% Dividend Yield - 52-Week Low % Change 0.00% Beta 0.74 % 52 Week Price Range High/Low 0.00% Equity Float - Shares Out 07.03.2013 736.1 Short Int 6.16 4'461.06 1 Yr Total Return -38.74% Total Debt 16'015.70 YTD Return -43.07% Preferred Stock 0.0 Adjusted BETA 0.744 Minority Interest 1'803.9 Analyst Recs 3 Cash and Equivalents 5'195.60 Consensus Rating 3.000 Enterprise Value - Average Volume 5 Day 4'105'706 GFI US EQUITY YTD Change - Average Volume 30 Day 6'143'583 GFI US EQUITY YTD % CHANGE - Average Volume 3 Month 5'974'145 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 23'009.5 29'086.9 31'565.3 25'263.7 28'915.8 27'566.3 38'145.8 29'086.1 30'284.2 - - 3.10x 2.56x 2.56x 3.99x 3.05x 13.68x 8.85x 1.85x 1.71x - - 8'713.0 10'955.0 11'960.3 13'527.5 14'243.0 13'712.4 18'260.7 12'705.8 14'066.7 - - 8.19x 6.80x 6.75x 7.45x 6.20x 0.00x 3.66x - - - - 4'457.5 1'535.6 3'631.4 7'026.7 5'658.1 8'055.0 6'365.9 4'713.9 5'404.3 - - - - - - - 0.00x 0.00x 9.41x 7.50x - - EBITDA 14'243.00 Long-Term Rating Date 15.11.2012 EBIT 10'149.20 Long-Term Rating BB+ Operating Margin 35.10% Long-Term Outlook STABLE Pretax Margin 22.47% Short-Term Rating Date 15.11.2012 Return on Assets 7.83% Short-Term Rating B Return on Common Equity 13.81% Return on Capital 10.97% EBITDA/Interest Exp. 24.36 Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 6.99 Net Debt/EBITDA 0.72 Gross Margin 38.7% Total Debt/EBITDA 1.01 EBITDA Margin 47.9% EBIT Margin 33.2% Total Debt/Equity 31.2% Net Income Margin 19.6% Total Debt/Capital 23.2% Asset Turnover 0.47 Current Ratio 1.76 Net Fixed Asset Turnover 0.64 Quick Ratio 0.39 Accounts receivable turnover-days - Debt to Assets 16.85% Inventory Days - Tot Debt to Common Equity 31.19% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 69.00 Inventory Turnover - Fiscal Year Ended Gold Fields Ltd Price/Volume Valuation Analysis 5'793'853.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 5'000.0 10'000.0 15'000.0 20'000.0 25'000.0 30'000.0 35'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 17.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 47'177'664 6.41 (20'500) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 40'934'319 5.56 5'017'592 15.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 24'337'148 3.31 1'371'059 31.03.2013 Investment Advisor THORNBURG INVESTMENT THORNBURG INVESTMENT 13F 12'217'700 1.66 5'072'700 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 9'090'390 1.23 2'820'234 30.04.2013 Investment Advisor FMR LLC n/a ULT-AGG 8'464'843 1.15 (1'275'318) 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 7'254'900 0.99 4'486'300 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'795'326 0.92 (1'745'314) 14.05.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 6'529'748 0.89 (11'852) 31.03.2013 Hedge Fund Manager NORGES BANK Multiple Portfolios MF-AGG 6'177'141 0.84 - 31.12.2012 Government RUFFER LLP RUFFER LLP 13F 5'396'309 0.73 (21'230) 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 4'906'608 0.67 (128'413) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'690'600 0.64 (472'200) 31.03.2013 Hedge Fund Manager UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 4'338'700 0.59 - 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 4'244'739 0.58 (225'930) 31.03.2013 Unclassified INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 3'930'403 0.53 (7'900) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'907'319 0.53 1'826 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 3'806'476 0.52 - 28.02.2013 Investment Advisor PROSPECTOR PARTNERS PROSPECTOR PARTNERS 13F 3'424'400 0.47 (349'900) 31.03.2013 Hedge Fund Manager CREDIT SUISSE AG CREDIT SUISSE AG 13F 3'168'803 0.43 2'839'790 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY neutral 3 D 8 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 8 12 month 23.04.2013 EVA Dimensions TEAM COVERAGE dropped coverage #N/A N/A M #N/A N/A Not Provided 18.01.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 13 12 month 04.03.2010 Holdings By: Gold Fields Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 18.
    16.05.2013 Silver Wheaton Corporationpurchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 41.30 52-Week Low (18.04.2013) 21.79 Daily Volume 22.18 52-Week High % Change -46.30% Dividend Yield - 52-Week Low % Change 1.79% Beta 1.08 % 52 Week Price Range High/Low 2.00% Equity Float 354.14 Shares Out 30.04.2013 354.6 Short Int 3.75 7'865.27 1 Yr Total Return -4.40% Total Debt 50.06 YTD Return -38.25% Preferred Stock 0.0 Adjusted BETA 1.079 Minority Interest 0.0 Analyst Recs 15 Cash and Equivalents 778.22 Consensus Rating 4.600 Enterprise Value 8'879.73 Average Volume 5 Day 5'562'602 SLW US EQUITY YTD Change - Average Volume 30 Day 6'530'004 SLW US EQUITY YTD % CHANGE - Average Volume 3 Month 5'481'579 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 166.7 239.3 423.4 730.0 849.6 771.5 855.7 964.8 1'085.3 229.2 243.2 12.14x 21.12x 31.91x 13.01x 14.18x 53.44x 53.99x 8.54x 7.62x 37.72x 35.72x 105.5 158.5 316.2 618.8 701.5 654.1 699.9 769.9 886.8 180.5 198.5 19.18x 31.87x 42.72x 15.35x 17.17x 16.49x 17.30x 11.53x 10.01x 11.54x 11.75x 17.3 117.9 153.4 550.0 586.0 575.0 572.3 573.7 650.5 124.5 136.8 - - - - - 0.00x 0.00x 13.98x 12.57x 14.37x 13.72x EBITDA 701.46 Long-Term Rating Date - EBIT 600.00 Long-Term Rating - Operating Margin 70.63% Long-Term Outlook - Pretax Margin 70.72% Short-Term Rating Date - Return on Assets 15.45% Short-Term Rating - Return on Common Equity 19.11% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.23% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA 1.45 Gross Margin 74.3% Total Debt/EBITDA 1.56 EBITDA Margin 81.8% EBIT Margin 69.1% Total Debt/Equity 1.6% Net Income Margin 69.0% Total Debt/Capital 1.6% Asset Turnover 0.23 Current Ratio 15.88 Net Fixed Asset Turnover 0.28 Quick Ratio 15.86 Accounts receivable turnover-days 2.45 Debt to Assets 1.57% Inventory Days - Tot Debt to Common Equity 1.61% Accounts Payable Turnover Day 21.26 Accounts Receivable Turnover 148.71 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Silver Wheaton Corp Price/Volume Valuation Analysis 6'872'492.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 19.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 26'099'114 7.36 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 14'997'993 4.23 66'224 15.05.2013 Investment Advisor CARMIGNAC GESTION CARMIGNAC GESTION 13F 13'917'000 3.92 13'917'000 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 6'521'841 1.84 (925'966) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 6'284'267 1.77 (378'634) 31.03.2013 Bank BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 5'382'984 1.52 180'499 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 4'958'532 1.4 (2'425) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 4'748'500 1.34 20'000 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 4'623'285 1.3 (1'872'251) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 4'349'599 1.23 90'737 31.12.2012 Investment Advisor TCW GROUP INC TCW GROUP INCORPORAT 13F 3'770'833 1.06 (18'415) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'473'930 0.98 (35'700) 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'333'501 0.94 420'000 31.03.2013 Investment Advisor GREAT WEST LIFE ASSU GREAT WEST LIFE ASSU 13F 3'099'463 0.87 (230'385) 31.03.2013 Insurance Company UBS n/a ULT-AGG 2'862'094 0.81 89'806 31.03.2013 Unclassified JP MORGAN n/a ULT-AGG 2'750'546 0.78 (488'041) 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 2'623'306 0.74 26'794 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 2'612'842 0.74 283'586 31.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 2'456'700 0.69 (5'718'600) 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'171'641 0.61 153'760 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Raymond James BRAD HUMPHREY outperform 5 M 41 12 month 14.05.2013 Salman Partners DAVID WEST top pick 5 M 38 Not Provided 14.05.2013 BMO Capital Markets ANDREW KAIP outperform 5 M 40 Not Provided 13.05.2013 Credit Suisse RALPH M PROFITI outperform 5 M 38 Not Provided 13.05.2013 CIBC World Markets COSMOS CHIU sector outperform 5 M 45 Not Provided 13.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 42 12 month 13.05.2013 GMP CHELSEA HAMILTON buy 5 M 47 12 month 13.05.2013 TD Securities DANIEL EARLE buy 5 M 35 12 month 13.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 33 12 month 12.05.2013 Macquarie TONY LESIAK neutral 3 M 27 12 month 26.04.2013 Scotia Capital TREVOR TURNBULL focus stock 5 M 50 12 month 23.04.2013 JPMorgan JOHN BRIDGES overweight 5 M 40 6 month 19.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013 Holdings By: Silver Wheaton Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 20.
    16.05.2013 AngloGold Ashanti Limitedis a holding company for a group of companies which explore for and mine gold internationally. The Group has operations in the Vaal River and West Witwatersrand areas of South Africa as well as Namibia, Mali, Brazil, Argentina, Australia, Tanzania and the United States. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 38.31 52-Week Low (17.04.2013) 17.45 Daily Volume 17.7 52-Week High % Change -53.80% Dividend Yield - 52-Week Low % Change 1.43% Beta 0.77 % 52 Week Price Range High/Low 1.20% Equity Float - Shares Out 09.05.2013 383.7 Short Int 3.76 6'820.34 1 Yr Total Return -43.46% Total Debt 30'375.96 YTD Return -43.45% Preferred Stock 0.0 Adjusted BETA 0.775 Minority Interest 186.5 Analyst Recs 6 Cash and Equivalents 7'562.20 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 2'821'677 AU US EQUITY YTD Change - Average Volume 30 Day 3'191'695 AU US EQUITY YTD % CHANGE - Average Volume 3 Month 2'570'135 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 29'774.0 30'745.0 38'833.0 47'849.0 52'160.3 51'123.2 51'861.6 57'033.6 62'449.0 - - 3.48x 3.88x 3.60x 3.00x 2.30x 10.50x 9.48x 1.56x 1.33x - - 3'278.0 (2'435.0) 9'720.0 20'443.0 19'105.5 22'721.7 17'555.7 20'358.6 24'979.0 - - 31.64x - 14.37x 7.03x 6.27x 5.50x 6.01x - - - - (16'138.0) (2'762.0) 637.0 11'282.0 6'814.6 14'088.2 4'225.8 6'005.9 8'569.5 - - - - - - - 0.00x 0.00x 11.27x 6.95x - - EBITDA 19'105.47 Long-Term Rating Date 10.12.2012 EBIT 12'553.61 Long-Term Rating BBB- Operating Margin 24.07% Long-Term Outlook NEG Pretax Margin 18.43% Short-Term Rating Date - Return on Assets 4.24% Short-Term Rating - Return on Common Equity 9.11% Return on Capital 7.82% EBITDA/Interest Exp. 10.07 Asset Turnover 0.51% (EBITDA-Capex)/Interest Exp. 2.46 Net Debt/EBITDA 1.67 Gross Margin 36.1% Total Debt/EBITDA 1.69 EBITDA Margin 33.9% EBIT Margin 20.5% Total Debt/Equity 65.8% Net Income Margin 13.1% Total Debt/Capital 39.6% Asset Turnover 0.51 Current Ratio 1.37 Net Fixed Asset Turnover 0.84 Quick Ratio 0.53 Accounts receivable turnover-days - Debt to Assets 28.22% Inventory Days 98.24 Tot Debt to Common Equity 65.78% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle 63.01 Inventory Turnover 3.72 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended AngloGold Ashanti Ltd Price/Volume Valuation Analysis 4'165'573.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 10'000.0 20'000.0 30'000.0 40'000.0 50'000.0 60'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 21.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type PAULSON & CO PAULSON & CO 13F 28'254'950 7.36 50'951 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 14'810'494 3.86 (814'185) 15.05.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 11'336'430 2.95 (431'746) 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 8'747'623 2.28 (128'150) 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 5'693'290 1.48 164'885 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 5'518'760 1.44 (1'096'046) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 5'230'372 1.36 (1'261'046) 14.05.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 4'945'084 1.29 (259'531) 31.03.2013 Hedge Fund Manager DUPONT CAPITAL MANAG DUPONT CAPITAL MANAG 13F 3'731'629 0.97 3'731'629 31.03.2013 Investment Advisor TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 3'728'373 0.97 (458'492) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 3'398'300 0.89 157'600 31.03.2013 Hedge Fund Manager NUVEEN ASSET MANAGEM Multiple Portfolios MF-AGG 2'663'932 0.69 6'463 31.03.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 2'612'472 0.68 (22'697) 31.03.2013 Investment Advisor PLATINUM INVESTMENT PLATINUM INVESTMENT 13F 2'204'815 0.57 147'000 31.12.2012 Investment Advisor PASSPORT CAPITAL LLC PASSPORT CAPITAL LLC 13F 2'137'844 0.56 733'688 31.03.2013 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 1'932'470 0.5 352'945 31.03.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 1'741'097 0.45 (357'793) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 1'622'856 0.42 (95'200) 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'611'720 0.42 (310) 31.03.2013 Unclassified INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 1'608'497 0.42 (700) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Societe Generale BRUCE ALWAY hold 3 M 20 12 month 14.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 31 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 25 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 05.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 0 Not Provided 24.02.2010 Holdings By: AngloGold Ashanti Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 22.
    16.05.2013 Cia de MinasBuenaventura S.A. explores for, mines, and processes gold, silver, zinc, and other metals. The Company operates mines in Peru, a lime plant, an electric power transmission company, and an engineering services company. Buenaventura also markets metal concentrates to smelters internationally. Latest Fiscal Year: 12/2011 LTM as of: 03/yy 52-Week High (06.06.2012) 42.73 52-Week Low (15.05.2013) 18.00 Daily Volume 18.12 52-Week High % Change -57.59% Dividend Yield - 52-Week Low % Change 0.67% Beta 0.56 % 52 Week Price Range High/Low 0.49% Equity Float - Shares Out 04.02.2013 274.9 Short Int 1.40 4'994.50 1 Yr Total Return -48.20% Total Debt 179.30 YTD Return -48.97% Preferred Stock - Adjusted BETA 0.561 Minority Interest 262.3 Analyst Recs 13 Cash and Equivalents 241.22 Consensus Rating 3.308 Enterprise Value 5'221.44 Average Volume 5 Day 1'212'045 BVN US EQUITY YTD Change - Average Volume 30 Day 1'588'915 BVN US EQUITY YTD % CHANGE - Average Volume 3 Month 1'472'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 766.6 881.5 1'103.8 1'556.6 1'563.5 1'570.2 1'492.0 1'641.5 1'761.1 373.3 413.3 6.61x 9.30x 10.85x 6.05x 5.98x 24.14x 23.70x 3.17x 2.92x - - (54.4) 351.5 475.4 820.2 569.3 429.4 260.9 645.8 769.2 174.0 208.0 - 23.33x 25.19x 11.49x 16.42x 0.00x 0.00x 8.08x 6.79x - - 153.3 593.6 660.8 858.9 684.7 848.7 579.9 544.0 608.6 125.0 147.0 33.61x 14.29x 18.66x 11.16x 13.41x 11.93x 11.38x 8.21x 7.71x 8.76x 8.22x EBITDA 569.30 Long-Term Rating Date - EBIT 421.85 Long-Term Rating - Operating Margin 26.98% Long-Term Outlook - Pretax Margin 56.63% Short-Term Rating Date - Return on Assets 13.23% Short-Term Rating - Return on Common Equity 16.53% Return on Capital 16.37% EBITDA/Interest Exp. 68.67 Asset Turnover 0.34% (EBITDA-Capex)/Interest Exp. 15.24 Net Debt/EBITDA - Gross Margin 47.5% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 23.2% Total Debt/Equity 4.8% Net Income Margin 43.8% Total Debt/Capital 4.3% Asset Turnover 0.34 Current Ratio 2.30 Net Fixed Asset Turnover 1.44 Quick Ratio 1.42 Accounts receivable turnover-days 39.45 Debt to Assets 3.91% Inventory Days 65.36 Tot Debt to Common Equity 4.84% Accounts Payable Turnover Day 59.17 Accounts Receivable Turnover 9.25 Cash Conversion Cycle 44.85 Inventory Turnover 5.58 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Cia de Minas Buenaventura SA Price/Volume Valuation Analysis 1'441'073.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1'800.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 23.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 25'536'584 9.29 (4'985'793) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 13'179'122 4.79 1'099'130 15.05.2013 Investment Advisor VONTOBEL ASSET MANAG VONTOBEL ASSET MANAG 13F 12'497'006 4.55 4'814'696 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 8'641'735 3.14 2'695'645 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 5'406'540 1.97 355'351 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'674'992 1.7 371'700 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'619'673 1.68 46'724 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 4'200'079 1.53 (1'591'439) 31.03.2013 Investment Advisor GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'187'270 1.52 3'390'686 31.03.2013 Investment Advisor HARRIS TRUST & SAVIN Multiple Portfolios MF-AGG 3'497'516 1.27 1'025'840 28.03.2013 Unclassified CREDIT SUISSE AG CREDIT SUISSE AG 13F 2'490'156 0.91 1'647'792 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 2'298'752 0.84 1'801'505 31.12.2012 Government UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 1'858'000 0.68 51'500 31.03.2013 Investment Advisor VONTOBEL ASSET MANAG Multiple Portfolios MF-AGG 1'679'805 0.61 28'779 31.01.2013 Investment Advisor CREDIT AGRICOLE SA CREDIT AGRICOLE SA 13F 1'677'132 0.61 216'700 31.03.2013 Investment Advisor PARAMETRIC PORTFOLIO PARAMETRIC PORTFOLIO 13F 1'434'207 0.52 33'736 31.03.2013 Investment Advisor ING GROEP NV ING GROEP NV 13F 1'100'345 0.4 1'054'067 31.03.2013 Investment Advisor ING INVESTMENT MANAG Multiple Portfolios MF-AGG 1'097'662 0.4 (1'561) 28.02.2013 Investment Advisor GAMCO n/a ULT-AGG 1'087'600 0.4 (25'200) 31.03.2013 Unclassified ING INV MANAGEMENT E ING INVESTMENT MANAG 13F 1'038'976 0.38 (71'704) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Banco de Credito del Peru HECTOR JOSUE COLLANTES hold 3 M 21 Not Provided 06.05.2013 Inteligo SAB LALI MERINO buy 5 M 29 Not Provided 03.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 34 6 month 01.05.2013 Grupo Santander WALTER CHIARVESIO buy 5 M 33 Not Provided 30.04.2013 Morgan Stanley CARLOS DE ALBA Equalwt/No Rating 3 M 24 12 month 30.04.2013 Credit Suisse SANTIAGO PEREZ TEUFFER neutral 3 D 28 Not Provided 30.04.2013 Banco BTG Pactual SA CESAR PEREZ-NOVOA buy 5 M 30 12 month 30.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 25 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 27.03.2013 Euro Pacific Capital Inc HEIKO IHLE neutral 3 M 27 12 month 11.03.2013 Kallpa Securities SAB EDDER CASTRO overweight 5 M 33 Not Provided 07.03.2013 Holdings By: Cia de Minas Buenaventura SA All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 24.
    16.05.2013 New Gold Inc.is a natural resource company. The Company acquires, explores, and develops gold properties. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 12.84 52-Week Low (15.04.2013) 6.25 Daily Volume 6.49 52-Week High % Change -49.45% Dividend Yield - 52-Week Low % Change 3.84% Beta 0.97 % 52 Week Price Range High/Low 3.64% Equity Float 461.89 Shares Out 30.04.2013 476.9 Short Int 3.05 3'094.87 1 Yr Total Return -10.73% Total Debt 847.80 YTD Return -41.16% Preferred Stock 0.0 Adjusted BETA 0.966 Minority Interest 0.0 Analyst Recs 15 Cash and Equivalents 687.80 Consensus Rating 4.600 Enterprise Value 3'276.77 Average Volume 5 Day 3'238'248 NGD US EQUITY YTD Change - Average Volume 30 Day 4'016'974 NGD US EQUITY YTD % CHANGE - Average Volume 3 Month 3'414'111 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 143.1 323.8 530.5 695.9 791.3 693.5 824.3 933.0 986.6 254.0 286.5 2.55x 4.31x 6.83x 6.62x 6.86x 26.07x 24.77x 3.43x 3.17x - - 13.8 110.4 239.2 344.0 390.1 339.3 387.6 482.0 579.1 115.0 149.0 26.46x 12.64x 15.15x 13.39x 13.91x 13.50x 11.65x 6.80x 5.66x - - (102.7) (194.3) 47.5 179.0 199.0 187.8 201.7 170.9 227.4 30.7 62.6 - - - - - 0.00x 0.00x 16.02x 12.04x 14.49x 13.11x EBITDA 390.10 Long-Term Rating Date 27.03.2012 EBIT 273.90 Long-Term Rating BB- Operating Margin 34.61% Long-Term Outlook STABLE Pretax Margin 35.23% Short-Term Rating Date - Return on Assets 5.31% Short-Term Rating - Return on Common Equity 7.96% Return on Capital - EBITDA/Interest Exp. 9.70 Asset Turnover 0.22% (EBITDA-Capex)/Interest Exp. -3.13 Net Debt/EBITDA 0.47 Gross Margin 85.3% Total Debt/EBITDA 2.20 EBITDA Margin 47.0% EBIT Margin 30.6% Total Debt/Equity 31.7% Net Income Margin 25.1% Total Debt/Capital 24.1% Asset Turnover 0.22 Current Ratio 5.18 Net Fixed Asset Turnover 0.27 Quick Ratio 4.15 Accounts receivable turnover-days 11.11 Debt to Assets 19.79% Inventory Days 164.46 Tot Debt to Common Equity 31.68% Accounts Payable Turnover Day 32.87 Accounts Receivable Turnover 32.86 Cash Conversion Cycle 378.94 Inventory Turnover 2.22 Fiscal Year Ended New Gold Inc Price/Volume Valuation Analysis 5'423'404.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 25.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 62'551'684 13.12 - 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 51'601'629 10.82 (19'073) 15.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 35'344'411 7.41 (401'290) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 15'167'798 3.18 15'004'748 31.12.2012 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 12'987'264 2.72 1'051'834 31.03.2013 Holding Company OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 12'693'570 2.66 - 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 12'469'841 2.61 (1'200'483) 31.03.2013 Investment Advisor RS INVESTMENT MANAGE RS INVESTMENT MANAGE 13F 11'134'273 2.33 1'234'109 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 11'078'536 2.32 1'017'815 31.03.2013 Bank TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 8'366'671 1.75 (127'400) 31.03.2013 Hedge Fund Manager GCIC LTD/CANADA GCIC LTD 13F 6'966'945 1.46 1'127'145 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 6'040'968 1.27 3'201'270 31.03.2013 Investment Advisor LASSONDE PIERRE n/a SEDI 5'645'000 1.18 - 22.03.2012 n/a FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 5'379'731 1.13 (238'800) 31.03.2013 Hedge Fund Manager INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 5'091'201 1.07 (179'446) 28.02.2013 Investment Advisor INVESTEC ASSET MANAG INVESTEC ASSET MANAG 13F 5'091'201 1.07 (326'365) 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 4'883'382 1.02 (27'471) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 4'785'859 1 703'973 31.03.2013 Pension Fund (ERISA) PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 4'584'060 0.96 190'800 31.03.2013 Investment Advisor OLIPHANT RANDALL n/a SEDI 4'570'855 0.96 320'855 23.11.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP outperform 5 M 12 12 month 15.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 10 12 month 15.05.2013 National Bank Financial STEPHEN PARSONS outperform 5 M 11 12 month 10.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 14 12 month 07.05.2013 TD Securities STEVEN J GREEN buy 5 M 11 12 month 03.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 16 12 month 03.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 12 Not Provided 02.05.2013 GMP GEORGE V ALBINO buy 5 M 16 Not Provided 02.05.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 8 12 month 02.05.2013 Credit Suisse ANITA SONI outperform 5 M 12 Not Provided 01.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 11 Not Provided 01.05.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 16 12 month 08.04.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 13 12 month 05.04.2013 Holdings By: New Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 26.
    16.05.2013 Agnico Eagle MinesLimited is a gold producer with operations primarily in northwestern Quebec, northern Mexico, northern Finland and Nunavut. The Company also has exploration activities in Canada, Europe, Latin America, and the United States. Agnico Eagle Mines focuses on the exploration, development, and expansion of its gold properities primarily from underground operations. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (26.11.2012) 57.35 52-Week Low (15.05.2013) 28.48 Daily Volume 28.53 52-Week High % Change -50.25% Dividend Yield - 52-Week Low % Change 0.18% Beta 0.61 % 52 Week Price Range High/Low 0.17% Equity Float 171.85 Shares Out 30.04.2013 172.7 Short Int 1.80 4'927.70 1 Yr Total Return -14.60% Total Debt 842.96 YTD Return -45.33% Preferred Stock 0.0 Adjusted BETA 0.610 Minority Interest 0.0 Analyst Recs 25 Cash and Equivalents 351.28 Consensus Rating 3.560 Enterprise Value 5'444.27 Average Volume 5 Day 1'745'726 AEM US EQUITY YTD Change - Average Volume 30 Day 2'070'931 AEM US EQUITY YTD % CHANGE - Average Volume 3 Month 1'815'801 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 368.9 613.8 1'422.5 1'821.8 1'917.7 1'882.7 1'865.2 1'705.3 2'061.1 373.3 439.8 21.80x 14.47x 9.45x 3.75x 4.96x 18.58x 18.18x 3.34x 2.71x 14.73x 12.62x 94.9 202.5 601.8 752.9 787.4 801.6 735.0 616.9 866.0 178.5 222.8 84.80x 43.86x 22.34x 9.08x 12.08x 7.78x 10.34x 8.83x 6.29x 6.80x 7.03x 73.2 86.5 332.1 (568.9) 310.9 (535.6) 256.2 184.0 319.3 25.3 56.7 - - - - - 0.00x 0.00x 27.67x 16.04x 24.74x 20.39x EBITDA 787.42 Long-Term Rating Date 12.03.2003 EBIT 515.56 Long-Term Rating NR Operating Margin 26.88% Long-Term Outlook - Pretax Margin 22.69% Short-Term Rating Date - Return on Assets 5.00% Short-Term Rating - Return on Common Equity 7.63% Return on Capital 7.06% EBITDA/Interest Exp. 13.60 Asset Turnover 0.36% (EBITDA-Capex)/Interest Exp. 5.91 Net Debt/EBITDA 0.70 Gross Margin 39.0% Total Debt/EBITDA 1.10 EBITDA Margin 39.4% EBIT Margin 24.5% Total Debt/Equity 24.7% Net Income Margin 16.2% Total Debt/Capital 19.8% Asset Turnover 0.36 Current Ratio 3.26 Net Fixed Asset Turnover 0.46 Quick Ratio 1.51 Accounts receivable turnover-days 15.79 Debt to Assets 16.04% Inventory Days 87.72 Tot Debt to Common Equity 24.72% Accounts Payable Turnover Day 50.91 Accounts Receivable Turnover 23.11 Cash Conversion Cycle 66.58 Inventory Turnover 4.16 Fiscal Year Ended Agnico Eagle Mines Ltd Price/Volume Valuation Analysis 2'008'427.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 10 20 30 40 50 60 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 27.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 20'005'396 11.58 - 14.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 13'384'186 7.75 2'418'604 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 11'305'234 6.55 696'000 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 8'353'624 4.84 501'322 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 6'927'650 4.01 223'720 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'729'613 2.74 (157'068) 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 4'381'540 2.54 414'729 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'956'923 2.29 (551'324) 31.03.2013 Bank CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'507'319 2.03 1'303'500 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 3'247'664 1.88 (83'945) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 2'433'065 1.41 (37'672) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 2'127'726 1.23 75'223 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'800'000 1.04 (665'218) 31.03.2013 Investment Advisor VINIK ASSET MANAGEME VINIK ASSET MANAGEME 13F 1'598'700 0.93 418'800 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'551'262 0.9 (35'750) 31.03.2013 Hedge Fund Manager INVESCO LTD n/a ULT-AGG 1'551'011 0.9 428'246 15.05.2013 Investment Advisor GAMCO n/a ULT-AGG 1'501'826 0.87 (15'150) 31.03.2013 Unclassified TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'343'527 0.78 57'043 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 1'210'011 0.7 36'572 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'051'526 0.61 78'180 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 47 12 month 13.05.2013 National Bank Financial STEPHEN PARSONS sector perform 3 M 42 12 month 10.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 45 Not Provided 07.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 40 12 month 07.05.2013 Credit Suisse ANITA SONI outperform 5 M 51 Not Provided 07.05.2013 Macquarie TONY LESIAK underperform 1 M 30 12 month 07.05.2013 Salman Partners DAVID WEST buy 5 M 45 12 month 30.04.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 49 12 month 30.04.2013 JPMorgan JOHN BRIDGES neutral 3 M 39 6 month 29.04.2013 Raymond James BRAD HUMPHREY market perform 3 M 46 12 month 29.04.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 29.04.2013 Canaccord Genuity Corp STEVEN BUTLER hold 3 M 41 Not Provided 29.04.2013 TD Securities GREG BARNES buy 5 M 41 12 month 29.04.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 38 12 month 29.04.2013 HSBC PATRICK CHIDLEY underweight 1 D 29 Not Provided 28.04.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 54 Not Provided 26.04.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 45 12 month 26.04.2013 GMP GEORGE V ALBINO buy 5 M 55 Not Provided 26.04.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 30 Not Provided 26.04.2013 Barclays FAROOQ HAMED equalweight 3 M 39 Not Provided 26.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 46 12 month 23.04.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 M #N/A N/A Not Provided 25.10.2012 Paradigm Capital Inc DON MACLEAN buy 5 M 59 12 month 05.01.2012 Holdings By: Agnico Eagle Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 28.
    16.05.2013 Eldorado Gold Corporationacquires, explores, and develops mineral properties. The Company currently has operating gold mines in Brazil, China, Turkey, Greece, and surrounding regions. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 16.20 52-Week Low (17.04.2013) 6.59 Daily Volume 6.89 52-Week High % Change -57.47% Dividend Yield - 52-Week Low % Change 4.55% Beta 0.84 % 52 Week Price Range High/Low 3.12% Equity Float 708.10 Shares Out 30.04.2013 714.6 Short Int 3.14 4'923.45 1 Yr Total Return -32.01% Total Debt 593.32 YTD Return -46.18% Preferred Stock 0.0 Adjusted BETA 0.840 Minority Interest 284.1 Analyst Recs 21 Cash and Equivalents 818.83 Consensus Rating 4.143 Enterprise Value 5'132.84 Average Volume 5 Day 3'953'494 EGO US EQUITY YTD Change - Average Volume 30 Day 6'022'282 EGO US EQUITY YTD % CHANGE - Average Volume 3 Month 5'603'205 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 277.7 358.5 791.2 1'103.7 1'147.5 1'156.1 1'214.1 1'263.9 1'402.4 291.0 310.3 10.15x 21.00x 12.74x 6.66x 8.06x 29.80x 29.81x 4.25x 4.09x 18.06x 17.12x 132.0 181.2 423.3 643.9 584.4 659.7 630.5 632.6 724.4 136.0 146.5 21.36x 41.53x 23.82x 11.41x 15.83x 14.80x 11.16x 8.11x 7.09x 9.15x 9.32x 163.7 102.4 221.0 318.7 305.3 334.0 192.0 275.5 338.1 59.3 69.3 - - - - - 0.00x 0.00x 15.91x 13.12x 15.91x 15.35x EBITDA 584.40 Long-Term Rating Date 13.11.2012 EBIT 470.87 Long-Term Rating BB Operating Margin 41.03% Long-Term Outlook STABLE Pretax Margin 38.89% Short-Term Rating Date - Return on Assets 2.51% Short-Term Rating - Return on Common Equity 3.32% Return on Capital 3.23% EBITDA/Interest Exp. 83.69 Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. 22.66 Net Debt/EBITDA -0.12 Gross Margin 62.7% Total Debt/EBITDA 0.94 EBITDA Margin 51.9% EBIT Margin 41.8% Total Debt/Equity 10.0% Net Income Margin 26.6% Total Debt/Capital 8.7% Asset Turnover 0.16 Current Ratio 4.90 Net Fixed Asset Turnover 0.21 Quick Ratio 3.96 Accounts receivable turnover-days 22.79 Debt to Assets 7.48% Inventory Days 167.85 Tot Debt to Common Equity 10.01% Accounts Payable Turnover Day 189.39 Accounts Receivable Turnover 16.01 Cash Conversion Cycle 43.64 Inventory Turnover 2.17 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Eldorado Gold Corp Price/Volume Valuation Analysis 4'370'584.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 29.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 115'755'188 16.2 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 46'388'863 6.49 (1'071'523) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 46'199'408 6.47 1'979'063 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 33'729'686 4.72 6'645'120 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 17'640'602 2.47 426'594 31.03.2013 Bank CARMIGNAC GESTION Multiple Portfolios MF-AGG 13'044'870 1.83 (14'814'642) 29.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 12'322'002 1.72 (163'800) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 11'861'546 1.66 11'861'546 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 11'661'328 1.63 861'550 31.03.2013 Hedge Fund Manager JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 11'264'562 1.58 771'210 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 10'662'061 1.49 (256'391) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 10'031'223 1.4 (12'436) 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 9'924'291 1.39 (1'473'143) 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 9'088'523 1.27 (223'376) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 8'932'322 1.25 329'970 31.12.2012 Investment Advisor BAILLIE GIFFORD AND BAILLIE GIFFORD & CO 13F 8'799'121 1.23 (2'010'762) 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 8'616'810 1.21 966'831 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 8'067'119 1.13 1'115'425 31.12.2012 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 7'601'100 1.06 50'000 31.03.2013 Investment Advisor PRUDENTIAL FINANCIAL n/a ULT-AGG 6'793'010 0.95 201'650 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets DAN ROLLINS sector perform 3 D 9 12 month 06.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 16 12 month 06.05.2013 CIBC World Markets COSMOS CHIU sector outperform 5 M 14 Not Provided 06.05.2013 Salman Partners DAVID WEST buy 5 M 13 12 month 06.05.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 12 12 month 06.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 17 Not Provided 06.05.2013 TD Securities STEVEN J GREEN action list buy 5 M 14 12 month 06.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 7 Not Provided 06.05.2013 Credit Suisse ANITA SONI outperform 5 M 15 Not Provided 03.05.2013 Macquarie TONY LESIAK neutral 3 M 8 12 month 03.05.2013 Dundee Securities Corp JOSH WOLFSON neutral 3 M 10 12 month 03.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 11 Not Provided 03.05.2013 GMP GEORGE V ALBINO buy 5 M 20 Not Provided 03.05.2013 Barclays FAROOQ HAMED equalweight 3 M 9 Not Provided 03.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 12 Not Provided 02.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 13 Not Provided 28.04.2013 Morgan Stanley PARETOSH MISRA Overwt/In-Line 5 M 10 12 month 23.04.2013 Scotia Capital TANYA M JAKUSCONEK sector outperform 5 M 12 12 month 23.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 16.04.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 13 Not Provided 12.03.2013 Paradigm Capital Inc DON MACLEAN hold 3 M 18 12 month 21.02.2012 Holdings By: Eldorado Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 30.
    16.05.2013 Kinross Gold Corporationis involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 11.20 52-Week Low (17.04.2013) 4.97 Daily Volume 5.28 52-Week High % Change -52.84% Dividend Yield 3.03 52-Week Low % Change 6.24% Beta 0.77 % 52 Week Price Range High/Low 4.98% Equity Float 1'139.69 Shares Out 30.04.2013 1'141.7 Short Int 4.05 6'027.99 1 Yr Total Return -26.58% Total Debt 2'632.60 YTD Return -45.13% Preferred Stock 0.0 Adjusted BETA 0.767 Minority Interest 75.5 Analyst Recs 27 Cash and Equivalents 1'982.70 Consensus Rating 4.333 Enterprise Value 6'838.29 Average Volume 5 Day 12'709'566 KGC US EQUITY YTD Change - Average Volume 30 Day 14'970'154 KGC US EQUITY YTD % CHANGE - Average Volume 3 Month 11'695'044 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 1'617.0 2'412.1 3'010.1 3'842.5 4'311.4 3'910.6 4'332.9 4'040.9 4'209.3 934.0 951.1 7.84x 5.37x 6.92x 3.37x 2.74x 14.92x 10.04x 1.78x 1.71x 7.60x 7.68x 656.3 1'093.2 1'200.4 1'926.2 1'962.2 1'885.9 1'980.9 1'655.9 1'889.3 346.8 374.8 19.32x 11.85x 17.35x 6.73x 6.01x 6.00x 4.97x 4.13x 3.62x 4.41x 4.27x (807.2) 309.9 759.7 (2'073.6) (2'504.9) (2'225.3) (2'450.1) 534.9 691.9 87.8 109.0 46.21x 41.68x 146.30x 15.25x 12.61x 12.84x 10.69x 11.63x 9.50x 11.35x 10.11x EBITDA 1'962.20 Long-Term Rating Date 15.08.2011 EBIT 1'281.00 Long-Term Rating BBB- Operating Margin 29.71% Long-Term Outlook STABLE Pretax Margin -53.16% Short-Term Rating Date - Return on Assets -15.73% Short-Term Rating - Return on Common Equity -21.83% Return on Capital - EBITDA/Interest Exp. 13.84 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 0.25 Net Debt/EBITDA 0.37 Gross Margin 57.1% Total Debt/EBITDA 1.09 EBITDA Margin 45.7% EBIT Margin 28.1% Total Debt/Equity 26.7% Net Income Margin -58.1% Total Debt/Capital 21.0% Asset Turnover 0.28 Current Ratio 2.76 Net Fixed Asset Turnover 0.47 Quick Ratio 1.74 Accounts receivable turnover-days 24.27 Debt to Assets 17.69% Inventory Days 239.28 Tot Debt to Common Equity 26.73% Accounts Payable Turnover Day 108.04 Accounts Receivable Turnover 15.04 Cash Conversion Cycle 222.18 Inventory Turnover 1.53 Fiscal Year Ended Kinross Gold Corp Price/Volume Valuation Analysis 21'000'452.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 3'500.0 4'000.0 4'500.0 5'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 31.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 57'357'709 5.02 (2'019'268) 15.05.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 29'781'489 2.61 6'302'441 15.05.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 25'903'233 2.27 3'849'773 31.03.2013 Investment Advisor ARTISAN PARTNERS HOL ARTISAN PARTNERS LP 13F 22'078'500 1.93 22'078'500 31.03.2013 Investment Advisor JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 20'640'874 1.81 3'329'797 31.03.2013 Investment Advisor LAZARD ASSET MANAGEM n/a ULT-AGG 20'421'586 1.79 (1'148'398) 31.03.2013 Unclassified TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 19'663'848 1.72 (977'748) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 16'877'973 1.48 (15'894) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 16'120'045 1.41 (8'201'037) 31.03.2013 Bank NORGES BANK NORGES BANK 13F 15'598'099 1.37 4'274'423 31.12.2012 Government ALTRINSIC GLOBAL ADV ALTRINSIC GLOBAL ADV 13F 14'937'516 1.31 30'083 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 14'411'242 1.26 (3'227'985) 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 14'146'557 1.24 (132'094) 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 13'959'327 1.22 (3'126'980) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 13'897'771 1.22 13'897'771 31.03.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 12'697'029 1.11 (5'850'702) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 12'671'799 1.11 (1'130'000) 31.03.2013 Hedge Fund Manager CARMIGNAC GESTION CARMIGNAC GESTION 13F 12'416'200 1.09 12'416'200 31.12.2012 Investment Advisor PASSPORT CAPITAL LLC PASSPORT CAPITAL LLC 13F 12'217'459 1.07 (1'903'663) 31.03.2013 Hedge Fund Manager TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 10'443'940 0.91 2'570 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date JPMorgan JOHN BRIDGES overweight 5 M 12 6 month 16.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 8 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 8 Not Provided 13.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 10 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 11 12 month 10.05.2013 Macquarie TONY LESIAK outperform 5 M 6 12 month 09.05.2013 Salman Partners DAVID WEST buy 5 M 8 12 month 09.05.2013 Jefferies PETER D WARD hold 3 M 6 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector underperform 1 M 8 Not Provided 08.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 10 12 month 08.05.2013 GMP GEORGE V ALBINO buy 5 M 9 Not Provided 08.05.2013 TD Securities GREG BARNES buy 5 M 8 12 month 08.05.2013 Veritas Investment Research Co PAWEL RAJSZEL buy 5 M 6 Not Provided 08.05.2013 Barclays FAROOQ HAMED equalweight 3 M 7 Not Provided 08.05.2013 BMO Capital Markets DAVID HAUGHTON outperform 5 M 9 Not Provided 07.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 6 12 month 07.05.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 7 12 month 07.05.2013 Credit Suisse ANITA SONI outperform 5 M 10 Not Provided 07.05.2013 Stifel GEORGE J TOPPING hold 3 M #N/A N/A Not Provided 03.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 10 12 month 30.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 8 12 month 23.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 21.03.2013 Morgan Stanley PARETOSH MISRA Underwt/In-Line 1 D #N/A N/A Not Provided 10.10.2012 Paradigm Capital Inc DON MACLEAN buy 5 M #N/A N/A Not Provided 25.01.2012 Holdings By: Kinross Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 32.
    16.05.2013 Royal Gold, Inc.acquires and manages precious metals royalties. The Company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold Inc.'s gold-focused portfolio contains royalties ranging from those in production and development to those in the evaluation and exploration stages. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (01.10.2012) 100.84 52-Week Low (15.05.2013) 50.02 Daily Volume 50.53 52-Week High % Change -49.89% Dividend Yield 1.39 52-Week Low % Change 1.02% Beta 0.68 % 52 Week Price Range High/Low 1.00% Equity Float 61.68 Shares Out 24.04.2013 64.4 Short Int 2.70 3'252.87 1 Yr Total Return -17.41% Total Debt 293.25 YTD Return -37.55% Preferred Stock 0.0 Adjusted BETA 0.677 Minority Interest 25.0 Analyst Recs 10 Cash and Equivalents 390.47 Consensus Rating 3.800 Enterprise Value 2'889.54 Average Volume 5 Day 686'554 RGLD US EQUITY YTD Change - Average Volume 30 Day 1'110'852 RGLD US EQUITY YTD % CHANGE - Average Volume 3 Month 975'450 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 66.3 73.8 136.6 216.5 263.1 262.2 292.0 303.2 379.1 70.7 71.0 13.56x 19.29x 18.40x 15.32x 17.19x 55.35x 66.52x 9.59x 7.18x 41.30x - 51.3 59.9 114.2 186.3 233.2 230.7 259.6 271.0 336.0 65.0 63.1 17.51x 23.77x 22.00x 17.80x 19.39x 16.28x 16.16x 10.66x 8.60x 9.58x 8.39x 24.0 38.3 21.5 71.4 92.5 93.6 79.0 95.9 133.3 21.0 22.3 56.00x 91.09x 61.79x 45.40x 48.25x 39.16x 50.62x 33.31x 24.02x 28.89x 24.04x EBITDA 233.22 Long-Term Rating Date - EBIT 158.22 Long-Term Rating - Operating Margin 60.15% Long-Term Outlook - Pretax Margin 58.17% Short-Term Rating Date - Return on Assets 3.16% Short-Term Rating - Return on Common Equity 3.82% Return on Capital 4.04% EBITDA/Interest Exp. 30.27 Asset Turnover 0.12% (EBITDA-Capex)/Interest Exp. -5.64 Net Debt/EBITDA -1.49 Gross Margin 71.5% Total Debt/EBITDA 1.16 EBITDA Margin 88.9% EBIT Margin 61.2% Total Debt/Equity 16.0% Net Income Margin 35.2% Total Debt/Capital 13.6% Asset Turnover 0.12 Current Ratio 29.27 Net Fixed Asset Turnover 0.15 Quick Ratio 28.23 Accounts receivable turnover-days 75.69 Debt to Assets 12.36% Inventory Days - Tot Debt to Common Equity 15.95% Accounts Payable Turnover Day 10.43 Accounts Receivable Turnover 4.82 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Royal Gold Inc Price/Volume Valuation Analysis 915'322.00 Current Price (5/dd/yy) Market Data 0 20 40 60 80 100 120 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 33.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 7'427'251 11.54 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'518'786 8.57 78'125 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 3'592'556 5.58 159'701 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 2'384'184 3.7 183'158 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 2'252'514 3.5 147'148 31.03.2013 Investment Advisor STUCKERT JAMES W n/a Form 4 1'622'095 2.52 (150'000) 24.04.2013 n/a FMR LLC n/a ULT-AGG 1'392'949 2.16 (895'027) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'361'050 2.11 (47'750) 31.03.2013 Hedge Fund Manager ALLIANZ ASSET MANAGE n/a ULT-AGG 1'329'864 2.07 95'610 30.04.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 1'209'346 1.88 441'649 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'115'000 1.73 745'000 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 867'401 1.35 - 31.03.2013 Hedge Fund Manager AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 838'175 1.3 838'175 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 678'787 1.05 149'690 31.03.2013 Unclassified BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 633'761 0.98 25'047 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 624'300 0.97 9'000 31.03.2013 Investment Advisor UBS n/a ULT-AGG 621'096 0.96 518'527 31.03.2013 Unclassified NEUBERGER BERMAN LLC NEUBERGER BERMAN GRO 13F 560'996 0.87 (413'048) 31.03.2013 Investment Advisor AMERIPRISE FINANCIAL AMERIPRISE FINANCIAL 13F 558'674 0.87 82'417 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 533'948 0.83 (96'771) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial SHANE NAGLE outperform 5 M 80 12 month 10.05.2013 MLV & Co MICHAEL D PETERSON buy 5 M 80 12 month 03.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 88 Not Provided 02.05.2013 BB&T Capital Markets GARRETT S. NELSON buy 5 M 80 12 month 02.05.2013 RBC Capital Markets STEPHEN D WALKER sector perform 3 M 71 12 month 30.04.2013 HSBC PATRICK CHIDLEY overweight 5 M 77 Not Provided 28.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 71 12 month 23.04.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Royal Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 34.
    16.05.2013 Harmony Gold MiningCompany Limited is a mining company which produces gold from its operations in the district of Virginia, Orange Free State. Harmony owns and operates the Harmony, Randfontein, Evander, Consolidated Modderfontein, Grootvei and Bissett gold mines. Harmony also has gold mining operations in Australia. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 10.73 52-Week Low (15.05.2013) 4.09 Daily Volume 4.11 52-Week High % Change -61.70% Dividend Yield - 52-Week Low % Change 0.49% Beta 0.87 % 52 Week Price Range High/Low 0.30% Equity Float - Shares Out 31.03.2013 435.3 Short Int 2.42 1'788.91 1 Yr Total Return -52.21% Total Debt 1'844.00 YTD Return -53.72% Preferred Stock 0.0 Adjusted BETA 0.874 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 1'773.00 Consensus Rating 5.000 Enterprise Value - Average Volume 5 Day 2'068'648 HMY US EQUITY YTD Change - Average Volume 30 Day 3'403'348 HMY US EQUITY YTD % CHANGE - Average Volume 3 Month 2'880'964 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 9'617.0 11'496.0 11'284.0 11'596.0 15'169.0 13'997.0 16'353.0 16'517.1 21'952.5 - - 4.37x 2.83x 3.13x 3.41x 2.18x 11.33x 7.37x 1.00x 0.82x - - 1'393.0 2'125.0 1'737.0 2'354.0 4'222.0 3'190.0 3'140.0 4'735.2 8'182.3 - - 30.15x 15.29x 20.33x 16.81x 7.84x 0.00x 8.01x - - - - (245.0) 2'927.0 (192.0) 617.0 2'645.0 2'496.0 1'176.0 1'772.9 3'348.3 - - - - - - - 0.00x 0.00x 9.80x 4.96x - - EBITDA 4'222.00 Long-Term Rating Date - EBIT 2'231.00 Long-Term Rating - Operating Margin 14.71% Long-Term Outlook - Pretax Margin 12.72% Short-Term Rating Date - Return on Assets 2.66% Short-Term Rating - Return on Common Equity 3.41% Return on Capital 3.58% EBITDA/Interest Exp. 14.26 Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. 3.47 Net Debt/EBITDA -0.18 Gross Margin 25.7% Total Debt/EBITDA 0.80 EBITDA Margin 19.2% EBIT Margin 7.8% Total Debt/Equity 5.4% Net Income Margin 17.4% Total Debt/Capital 5.1% Asset Turnover 0.37 Current Ratio 2.28 Net Fixed Asset Turnover 0.49 Quick Ratio 0.93 Accounts receivable turnover-days 30.59 Debt to Assets 4.27% Inventory Days 30.71 Tot Debt to Common Equity 5.41% Accounts Payable Turnover Day 47.72 Accounts Receivable Turnover 11.93 Cash Conversion Cycle 31.22 Inventory Turnover 11.89 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Harmony Gold Mining Co Ltd Price/Volume Valuation Analysis 3'256'872.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 2'000.0 4'000.0 6'000.0 8'000.0 10'000.0 12'000.0 14'000.0 16'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 35.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type DEUTSCHE BANK TRUST n/a 20F 135'983'632 31.24 - 22.10.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 30'771'192 7.07 781'177 15.05.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 20'829'043 4.79 (1'394'122) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 20'017'881 4.6 (3'910'953) 14.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 10'223'297 2.35 199'574 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 5'755'000 1.32 1'930'000 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'994'173 0.92 (462'623) 31.03.2013 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 3'030'594 0.7 (2'974'400) 31.03.2013 Investment Advisor CREDIT SUISSE AG CREDIT SUISSE AG 13F 2'283'081 0.52 1'802'132 31.03.2013 Investment Advisor GAMCO n/a ULT-AGG 1'982'360 0.46 (270) 31.03.2013 Unclassified TWO SIGMA INVESTMENT TWO SIGMA INVESTMENT 13F 1'780'331 0.41 458'902 31.03.2013 Hedge Fund Manager TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 1'500'000 0.34 - 31.03.2013 Pension Fund (ERISA) CREDIT AGRICOLE SA CREDIT AGRICOLE SA 13F 1'265'348 0.29 (81'600) 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'203'118 0.28 490'639 31.03.2013 Investment Advisor TWO SIGMA ADVISERS L TWO SIGMA ADVISERS L 13F 1'129'600 0.26 726'300 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 1'050'000 0.24 - 31.03.2013 Investment Advisor CAPITAL INTERNATIONA Multiple Portfolios MF-AGG 1'037'400 0.24 (106'100) 31.01.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'005'045 0.23 (1'320'115) 31.03.2013 Investment Advisor HUSSMAN ECONOMETRICS HUSSMAN ECONOMETRICS 13F 1'000'000 0.23 - 31.03.2013 Investment Advisor GAM HOLDING LTD GAM HOLDING LTD 13F 998'850 0.23 55'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date HSBC PATRICK CHIDLEY overweight 5 M 7 Not Provided 28.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 28.03.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 11 Not Provided 24.02.2010 Holdings By: Harmony Gold Mining Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 36.
    16.05.2013 IAMGOLD Corporation isa mid-tier gold mining company. The Company is focused in West Africa, the Guiana Shield of South America and in Quebec where it has a pipeline of development and exploration projects. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (05.10.2012) 16.88 52-Week Low (18.04.2013) 4.60 Daily Volume 5.04 52-Week High % Change -70.14% Dividend Yield - 52-Week Low % Change 9.57% Beta 0.98 % 52 Week Price Range High/Low 3.58% Equity Float 370.97 Shares Out 30.04.2013 376.6 Short Int 4.06 1'897.88 1 Yr Total Return -44.33% Total Debt 641.40 YTD Return -56.06% Preferred Stock 0.0 Adjusted BETA 0.984 Minority Interest 76.7 Analyst Recs 24 Cash and Equivalents 813.50 Consensus Rating 3.500 Enterprise Value 1'978.18 Average Volume 5 Day 6'846'406 IAG US EQUITY YTD Change - Average Volume 30 Day 7'328'017 IAG US EQUITY YTD % CHANGE - Average Volume 3 Month 7'065'220 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 869.6 914.3 1'097.1 1'673.2 1'670.0 1'613.3 1'571.1 1'479.0 1'680.6 388.8 406.0 2.09x 6.14x 5.88x - 2.52x 13.37x 10.75x 1.43x 1.46x 5.43x 5.45x 342.1 378.6 470.3 785.0 710.1 748.7 641.7 576.0 713.0 148.0 163.5 5.31x 14.82x 13.71x - 5.94x 5.37x 4.36x 3.43x 2.77x 3.34x 3.52x (9.9) 114.1 262.6 806.6 334.7 772.4 226.4 192.3 255.5 37.1 49.7 - - - - - 0.00x 0.00x 9.73x 7.43x 8.47x 7.92x EBITDA 710.10 Long-Term Rating Date 10.09.2012 EBIT 546.20 Long-Term Rating BB- Operating Margin 32.71% Long-Term Outlook STABLE Pretax Margin 34.17% Short-Term Rating Date - Return on Assets 4.65% Short-Term Rating - Return on Common Equity 6.17% Return on Capital 6.75% EBITDA/Interest Exp. 14.20 Asset Turnover 0.32% (EBITDA-Capex)/Interest Exp. 0.19 Net Debt/EBITDA 0.00 Gross Margin 43.2% Total Debt/EBITDA 1.01 EBITDA Margin 40.8% EBIT Margin 30.5% Total Debt/Equity 17.2% Net Income Margin 20.0% Total Debt/Capital 14.4% Asset Turnover 0.32 Current Ratio 3.76 Net Fixed Asset Turnover 0.62 Quick Ratio 2.61 Accounts receivable turnover-days 36.68 Debt to Assets 11.93% Inventory Days 144.64 Tot Debt to Common Equity 17.20% Accounts Payable Turnover Day 80.12 Accounts Receivable Turnover 9.95 Cash Conversion Cycle 94.44 Inventory Turnover 2.52 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended IAMGOLD Corp Price/Volume Valuation Analysis 6'874'243.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1'800.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 37.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 36'891'874 9.8 (7'062'191) 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 26'609'525 7.07 (13'095'832) 15.05.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 9'719'845 2.58 1'300'000 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 9'271'077 2.46 1'611'410 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 7'184'974 1.91 (2'667'734) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 6'755'000 1.79 290'599 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 6'125'592 1.63 (776'100) 31.03.2013 Hedge Fund Manager HEXAVEST INC HEXAVEST INC 13F 5'890'847 1.56 (3'062'014) 31.03.2013 Investment Advisor CIBC WORLD MARKETS I CIBC WORLD MARKETS I 13F 5'356'509 1.42 (87'839) 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 5'016'061 1.33 (268'526) 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 4'905'401 1.3 2'828'200 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 4'617'450 1.23 158'233 31.12.2012 Investment Advisor PAULSON & CO PAULSON & CO 13F 3'863'912 1.03 (17'988) 31.03.2013 Hedge Fund Manager MANULIFE ASSET MANAG MANULIFE ASSET MANAG 13F 3'566'791 0.95 1'447'076 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 3'462'599 0.92 275'900 31.03.2013 Holding Company DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 3'407'054 0.9 536'267 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 3'204'100 0.85 (1'256'100) 31.03.2013 Investment Advisor CARIBBEAN INVESTMENT n/a SEDI 3'119'569 0.83 - 06.09.2011 Bank JP MORGAN n/a ULT-AGG 3'071'125 0.82 6'609 31.03.2013 Investment Advisor CLARINGTON CAPITAL M Multiple Portfolios MF-AGG 3'035'395 0.81 2'248'674 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Dundee Securities Corp JOSH WOLFSON neutral 3 M 9 12 month 14.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 7 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 14 12 month 10.05.2013 Salman Partners DAVID WEST buy 5 M 9 12 month 09.05.2013 Cormark Securities Inc. MIKE KOZAK market perform 3 M 6 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 11 12 month 09.05.2013 Barclays FAROOQ HAMED equalweight 3 M 7 Not Provided 09.05.2013 Societe Generale BRUCE ALWAY sell 1 M 5 12 month 08.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 7 12 month 08.05.2013 CIBC World Markets ALEC KODATSKY sector perform 3 M 9 Not Provided 08.05.2013 GMP GEORGE V ALBINO buy 5 M 15 Not Provided 08.05.2013 Veritas Investment Research Co PAWEL RAJSZEL sell 1 M 5 Not Provided 08.05.2013 Clarus Securities NANA SANGMUAH hold 3 M 13 12 month 08.05.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 8 Not Provided 07.05.2013 Credit Suisse ANITA SONI underperform 1 M 7 Not Provided 07.05.2013 Stifel MICHAEL A SCOON hold 3 M #N/A N/A Not Provided 03.05.2013 HSBC PATRICK CHIDLEY overweight 5 M 8 Not Provided 28.04.2013 Macquarie TONY LESIAK outperform 5 M 7 12 month 25.04.2013 Scotia Capital TANYA M JAKUSCONEK sector perform 3 M 7 12 month 23.04.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 25 12 month 25.03.2013 Mackie Research Capital Corp. BARRY D ALLAN hold 3 M 14 Not Provided 12.03.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 24.01.2013 Morgan Stanley PARETOSH MISRA Equalwt/In-Line 3 N #N/A N/A Not Provided 10.10.2012 Holdings By: IAMGOLD Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 38.
    16.05.2013 Pan American SilverCorporation is a silver mining company with its principal property in Peru. The Company also explores and develops mines in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 22.83 52-Week Low (18.04.2013) 11.78 Daily Volume 11.95 52-Week High % Change -47.66% Dividend Yield - 52-Week Low % Change 1.44% Beta 1.02 % 52 Week Price Range High/Low 1.54% Equity Float 149.11 Shares Out 30.04.2013 151.5 Short Int 4.16 1'810.25 1 Yr Total Return -18.56% Total Debt 77.98 YTD Return -35.72% Preferred Stock 0.0 Adjusted BETA 1.018 Minority Interest 7.3 Analyst Recs 15 Cash and Equivalents 542.32 Consensus Rating 3.533 Enterprise Value 1'371.06 Average Volume 5 Day 2'254'973 PAAS US EQUITY YTD Change - Average Volume 30 Day 2'373'496 PAAS US EQUITY YTD % CHANGE - Average Volume 3 Month 1'994'011 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 338.6 454.8 646.6 855.3 928.6 893.6 942.8 1'004.4 1'076.8 253.0 257.5 4.05x 5.14x 6.33x 2.15x 2.57x 11.23x 9.96x 1.40x 1.26x 5.25x 4.98x 121.0 179.1 277.8 445.9 362.0 456.8 345.3 345.6 414.0 90.7 97.4 11.33x 13.05x 14.73x 4.12x 6.60x 6.30x 5.94x 3.97x 3.31x 3.22x 2.92x 24.6 62.0 13.7 352.5 87.4 310.2 57.6 142.4 187.6 39.8 44.1 - - - - - 0.00x 0.00x 12.90x 10.59x 10.91x 10.34x EBITDA 361.98 Long-Term Rating Date - EBIT 253.83 Long-Term Rating - Operating Margin 27.33% Long-Term Outlook - Pretax Margin 19.53% Short-Term Rating Date - Return on Assets 1.70% Short-Term Rating - Return on Common Equity 2.12% Return on Capital 2.17% EBITDA/Interest Exp. 47.15 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 26.32 Net Debt/EBITDA -1.29 Gross Margin 45.2% Total Debt/EBITDA 0.13 EBITDA Margin 36.6% EBIT Margin 24.1% Total Debt/Equity 2.9% Net Income Margin 9.4% Total Debt/Capital 2.8% Asset Turnover 0.28 Current Ratio 4.96 Net Fixed Asset Turnover 0.43 Quick Ratio 3.44 Accounts receivable turnover-days 50.25 Debt to Assets 2.30% Inventory Days 162.08 Tot Debt to Common Equity 2.87% Accounts Payable Turnover Day 74.80 Accounts Receivable Turnover 7.26 Cash Conversion Cycle 154.58 Inventory Turnover 2.25 Fiscal Year Ended Pan American Silver Corp Price/Volume Valuation Analysis 2'604'023.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 39.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'733'900 7.09 235'556 15.05.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 10'001'527 6.6 (1'140'970) 31.03.2013 Investment Advisor RIVER ROAD ASSET MAN RIVER ROAD ASSET MAN 13F 3'721'492 2.46 1'725'646 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 3'576'503 2.36 (374'997) 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'257'722 2.15 (10'899) 31.03.2013 Hedge Fund Manager BEATY ROSS J n/a SEDI 2'118'680 1.4 300'000 31.05.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'969'181 1.3 151'207 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'939'341 1.28 (110'000) 31.03.2013 Investment Advisor ASTON ASSET MANAGEME Multiple Portfolios MF-AGG 1'795'904 1.19 82'638 28.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'511'945 1 (21'408) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'467'674 0.97 20'900 31.03.2013 Investment Advisor DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 1'390'676 0.92 (14'164) 31.03.2013 Investment Advisor ALETHEIA RESEARCH & ALETHEIA RESEARCH & 13F 1'212'045 0.8 412'637 30.09.2012 Hedge Fund Manager CARLSON CAPITAL LP CARLSON CAPITAL LP 13F 1'200'000 0.79 1'200'000 31.03.2013 Hedge Fund Manager INTREPID CAPITAL MAN INTREPID CAPITAL MAN 13F 1'198'545 0.79 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 1'134'677 0.75 (19'831) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'109'882 0.73 (151'875) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'105'942 0.73 393'712 31.03.2013 Investment Advisor AXA n/a ULT-AGG 1'095'911 0.72 - 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'087'824 0.72 (925'154) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Raymond James BRAD HUMPHREY outperform 5 M 21 12 month 15.05.2013 Salman Partners DAVID WEST buy 5 M 19 12 month 15.05.2013 TD Securities DANIEL EARLE hold 3 M 16 12 month 15.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 20 Not Provided 14.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 16 12 month 14.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 14 12 month 14.05.2013 Credit Suisse RALPH M PROFITI outperform 5 M 20 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 20 Not Provided 14.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 19 Not Provided 14.05.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 16 12 month 23.04.2013 JPMorgan JOHN BRIDGES underweight 1 M 18 6 month 19.04.2013 CIBC World Markets ARNOLD VAN GRAAN sector perform 3 M 19 Not Provided 11.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 21.03.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 25.02.2013 Holdings By: Pan American Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 40.
    16.05.2013 First Majestic SilverCorp. is a silver producing mining company. The Company's presently owns and operates producing silver mines in Mexico, the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, and the La Guitarra Silver Mine. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (09.11.2012) 24.20 52-Week Low (15.05.2013) 10.13 Daily Volume 10.24 52-Week High % Change -57.69% Dividend Yield - 52-Week Low % Change 1.04% Beta 1.19 % 52 Week Price Range High/Low 0.75% Equity Float 111.92 Shares Out 30.04.2013 117.0 Short Int 1.06 1'197.95 1 Yr Total Return -17.42% Total Debt 29.64 YTD Return -49.28% Preferred Stock 0.0 Adjusted BETA 1.195 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 111.59 Consensus Rating 4.143 Enterprise Value 1'122.67 Average Volume 5 Day 1'069'037 AG US EQUITY YTD Change - Average Volume 30 Day 1'247'196 AG US EQUITY YTD % CHANGE - Average Volume 3 Month 1'104'784 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 41.8 52.4 117.9 245.5 247.2 248.1 256.4 373.0 542.5 - - 3.30x 6.36x 11.66x 6.93x 9.19x 27.16x 32.01x - - - - 2.3 11.7 53.4 156.2 135.1 157.7 132.3 208.7 300.7 - - 59.08x 28.43x 25.73x 10.89x 16.82x 10.69x 13.74x 5.38x 3.73x - - (4.9) 5.6 35.1 103.6 88.9 106.1 89.1 146.4 217.5 - - - - - - - 0.00x 0.00x 12.19x 7.94x 8.57x 7.44x EBITDA 135.11 Long-Term Rating Date - EBIT 109.13 Long-Term Rating - Operating Margin 44.15% Long-Term Outlook - Pretax Margin 44.90% Short-Term Rating Date - Return on Assets 13.40% Short-Term Rating - Return on Common Equity 17.73% Return on Capital 17.25% EBITDA/Interest Exp. 58.92 Asset Turnover 0.39% (EBITDA-Capex)/Interest Exp. -17.45 Net Debt/EBITDA -0.57 Gross Margin 57.5% Total Debt/EBITDA 0.26 EBITDA Margin 51.6% EBIT Margin 40.3% Total Debt/Equity 5.0% Net Income Margin 36.0% Total Debt/Capital 4.8% Asset Turnover 0.39 Current Ratio 3.02 Net Fixed Asset Turnover 0.54 Quick Ratio 2.29 Accounts receivable turnover-days 24.87 Debt to Assets 3.65% Inventory Days 66.83 Tot Debt to Common Equity 4.99% Accounts Payable Turnover Day 78.63 Accounts Receivable Turnover 14.68 Cash Conversion Cycle 23.35 Inventory Turnover 5.46 Fiscal Year Ended First Majestic Silver Corp Price/Volume Valuation Analysis 1'994'179.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 41.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'250'379 7.05 251'339 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 4'404'872 3.77 (376'800) 31.03.2013 Hedge Fund Manager GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 3'871'362 3.31 (159'106) 31.03.2013 Investment Advisor NEUMEYER KEITH n/a SEDI 3'126'000 2.67 150'000 19.11.2012 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'550'000 2.18 2'550'000 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 2'462'160 2.1 (181'475) 31.03.2013 Investment Advisor BARING INTERNATIONAL BARING INTERNATIONAL 13F 2'154'471 1.84 (122'348) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 1'558'416 1.33 159'265 31.03.2013 Bank TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 1'332'088 1.14 1'295'488 31.12.2012 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'203'343 1.03 19'400 31.03.2013 Pension Fund (ERISA) PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'127'680 0.96 31'000 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'095'918 0.94 9'418 31.03.2013 Investment Advisor POLAR SECURITIES INC POLAR SECURITIES INC 13F 1'034'662 0.88 - 31.03.2013 Hedge Fund Manager IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 991'400 0.85 (207'700) 31.12.2012 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 836'400 0.71 - 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 777'102 0.66 777'102 31.03.2013 Investment Advisor CLAYMORE INVESTMENTS Multiple Portfolios MF-AGG 689'593 0.59 - 31.12.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 675'000 0.58 (125'000) 31.12.2012 Investment Advisor INVESCO LTD n/a ULT-AGG 659'782 0.56 (231'913) 15.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 659'529 0.56 71'372 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 18 Not Provided 15.05.2013 Raymond James CHRIS THOMPSON outperform 5 M 21 12 month 15.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 15 12 month 15.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 22 12 month 02.05.2013 TD Securities DANIEL EARLE buy 5 M 18 12 month 23.04.2013 Cormark Securities Inc. GRAEME JENNINGS buy 5 M 21 12 month 22.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: First Majestic Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 42.
    16.05.2013 Coeur Mining, Inc.,through its subsidiaries, explores, develops, operates, and/or owns silver and gold mining properties and companies. The Company's properties are located primarily in the United States, Australia, and South America. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 31.97 52-Week Low (18.04.2013) 13.31 Daily Volume 13.56 52-Week High % Change -57.59% Dividend Yield 0.00 52-Week Low % Change 1.88% Beta 1.29 % 52 Week Price Range High/Low 1.34% Equity Float 100.89 Shares Out 08.05.2013 101.5 Short Int 3.54 1'376.02 1 Yr Total Return -18.07% Total Debt 124.55 YTD Return -44.88% Preferred Stock 0.0 Adjusted BETA 1.292 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 153.50 Consensus Rating 4.125 Enterprise Value 1'395.18 Average Volume 5 Day 1'819'855 CDE US EQUITY YTD Change - Average Volume 30 Day 1'909'807 CDE US EQUITY YTD % CHANGE - Average Volume 3 Month 1'744'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 170.9 300.4 515.5 1'021.2 895.5 1'026.1 862.7 901.0 1'065.8 233.0 243.7 5.09x 5.42x 4.98x 2.05x 2.45x 8.11x 9.12x 1.42x 1.04x 5.86x 5.47x 0.3 78.2 218.7 531.3 378.2 539.5 342.9 385.3 516.3 89.1 99.5 2750.95x 20.82x 11.74x 3.95x 5.80x 3.90x 4.99x 3.62x 2.70x 2.97x 2.61x (0.6) (27.1) (91.3) 93.5 48.7 85.0 57.0 67.2 158.4 15.4 16.1 - - - 22.35x 41.69x 24.22x 27.74x 22.87x 10.24x 15.82x 12.54x EBITDA 378.23 Long-Term Rating Date 25.06.2012 EBIT 159.37 Long-Term Rating B+ Operating Margin 17.80% Long-Term Outlook STABLE Pretax Margin 13.10% Short-Term Rating Date - Return on Assets 1.71% Short-Term Rating - Return on Common Equity 2.63% Return on Capital 2.91% EBITDA/Interest Exp. 13.10 Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. 8.08 Net Debt/EBITDA 0.06 Gross Margin 24.6% Total Debt/EBITDA 1.09 EBITDA Margin 39.7% EBIT Margin 14.6% Total Debt/Equity 5.7% Net Income Margin 5.4% Total Debt/Capital 5.4% Asset Turnover 0.26 Current Ratio 1.70 Net Fixed Asset Turnover 0.33 Quick Ratio 0.79 Accounts receivable turnover-days 32.36 Debt to Assets 3.87% Inventory Days 91.49 Tot Debt to Common Equity 5.67% Accounts Payable Turnover Day 30.34 Accounts Receivable Turnover 11.28 Cash Conversion Cycle 77.12 Inventory Turnover 3.99 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Coeur d'Alene Mines Corp Price/Volume Valuation Analysis 1'921'726.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 43.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 7'408'808 7.3 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'405'227 6.31 239'786 15.05.2013 Investment Advisor GUGGENHEIM n/a ULT-AGG 5'212'830 5.14 2'953'122 30.04.2013 Unclassified VANGUARD GROUP INC VANGUARD GROUP INC 13F 4'876'942 4.81 (420'427) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 4'849'068 4.78 372'118 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 4'641'704 4.57 3'039'676 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 3'163'120 3.12 (18'288) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'963'100 2.92 560'000 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 2'810'872 2.77 (256'964) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'892'202 1.86 34'861 31.03.2013 Investment Advisor DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'588'191 1.57 (207'650) 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 1'278'258 1.26 - 31.03.2013 Hedge Fund Manager DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 1'251'341 1.23 (14'548) 31.03.2013 Investment Advisor AMERIPRISE FINANCIAL AMERIPRISE FINANCIAL 13F 1'194'069 1.18 197'959 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 942'523 0.93 (89'282) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 838'500 0.83 (341'000) 31.03.2013 Hedge Fund Manager PANAGORA ASSET MANAG PANAGORA ASSET MANAG 13F 791'096 0.78 516'832 31.03.2013 Investment Advisor TWO SIGMA INVESTMENT TWO SIGMA INVESTMENT 13F 699'487 0.69 668'603 31.03.2013 Hedge Fund Manager TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 670'115 0.66 145'492 31.03.2013 Pension Fund (ERISA) CREDIT SUISSE AG CREDIT SUISSE AG 13F 660'625 0.65 436'039 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date JPMorgan JOHN BRIDGES neutral 3 M 19 12 month 16.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 17 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT accumulate 4 M 21 12 month 13.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS buy 5 M 28 12 month 10.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 21 12 month 10.05.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 10.05.2013 Deutsche Bank JORGE M BERISTAIN buy 5 M 21 12 month 09.05.2013 Sidoti & Company LLC ADAM BROOKS buy 5 M 24 12 month 09.05.2013 Holdings By: Coeur d'Alene Mines Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 44.
    16.05.2013 AuRico Gold Inc.is a Canadian gold producer with mines and projects in North America that have solid production growth and exploration potential. The Company is focused on its core operations including the Young-Davidson gold mine in northern Ontario and the El Chanate mine in Sonora State, Mexico. AuRico's project pipeline also includes development opportunities in Canada and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.06.2012) 8.79 52-Week Low (18.04.2013) 4.52 Daily Volume 4.66 52-Week High % Change -46.99% Dividend Yield - 52-Week Low % Change 3.10% Beta 0.87 % 52 Week Price Range High/Low 3.28% Equity Float 245.93 Shares Out 30.04.2013 246.8 Short Int 13.48 1'149.97 1 Yr Total Return -31.01% Total Debt 188.57 YTD Return -42.65% Preferred Stock 0.0 Adjusted BETA 0.866 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 603.40 Consensus Rating 3.357 Enterprise Value 1'052.52 Average Volume 5 Day 1'879'781 AUQ US EQUITY YTD Change - Average Volume 30 Day 3'071'386 AUQ US EQUITY YTD % CHANGE - Average Volume 3 Month 3'246'067 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 212.5 206.8 238.3 83.9 163.6 175.3 185.8 292.9 397.5 58.4 72.8 3.30x 6.86x 4.42x 27.78x 11.67x 47.64x 42.87x 3.73x 2.75x 11.68x 13.73x 53.3 70.5 106.6 2.3 52.3 83.7 53.2 134.1 199.4 21.0 39.1 13.17x 20.14x 9.87x 1003.29x 36.48x 0.00x 27.39x 7.85x 5.28x 6.45x 5.56x 38.7 8.2 (134.7) 176.9 33.2 166.3 50.2 55.6 78.8 6.6 16.2 - - - - - 0.00x 0.00x 18.27x 11.92x 15.23x 12.53x EBITDA 52.33 Long-Term Rating Date - EBIT 33.61 Long-Term Rating - Operating Margin 20.54% Long-Term Outlook - Pretax Margin -60.53% Short-Term Rating Date - Return on Assets 1.72% Short-Term Rating - Return on Common Equity 2.35% Return on Capital - EBITDA/Interest Exp. 23.39 Asset Turnover - (EBITDA-Capex)/Interest Exp. -142.03 Net Debt/EBITDA -1.83 Gross Margin 43.2% Total Debt/EBITDA 3.23 EBITDA Margin - EBIT Margin - Total Debt/Equity 8.2% Net Income Margin 20.3% Total Debt/Capital 7.6% Asset Turnover - Current Ratio 7.76 Net Fixed Asset Turnover - Quick Ratio 6.33 Accounts receivable turnover-days - Debt to Assets 6.51% Inventory Days - Tot Debt to Common Equity 8.21% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended AuRico Gold Inc Price/Volume Valuation Analysis 2'104'375.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 45.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 34'465'703 13.97 14'538'023 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 22'916'069 9.29 (2'190'375) 15.05.2013 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 12'572'597 5.09 1'193'174 31.03.2013 Investment Advisor DONALD SMITH & CO IN DONALD SMITH & CO IN 13F 11'173'993 4.53 2'838'940 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 8'574'011 3.47 (3'159'581) 31.03.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 7'954'202 3.22 (359'998) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 7'469'100 3.03 - 31.03.2013 Investment Advisor RIVER ROAD ASSET MAN RIVER ROAD ASSET MAN 13F 6'556'114 2.66 6'556'114 31.03.2013 Investment Advisor OPUS CAPITAL GROUP L OPUS CAPITAL GROUP L 13F 4'478'647 1.81 1'610'951 31.03.2013 Investment Advisor HEXAVEST INC HEXAVEST INC 13F 3'895'355 1.58 (1'586'686) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 3'862'659 1.57 371'532 31.03.2013 Holding Company FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 3'677'730 1.49 (11'562'015) 31.03.2013 Investment Advisor ASTON ASSET MANAGEME Multiple Portfolios MF-AGG 3'654'124 1.48 488'507 28.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 3'493'185 1.42 - 31.03.2013 Hedge Fund Manager GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 3'444'100 1.4 - 31.03.2013 Hedge Fund Manager SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 3'207'165 1.3 (8'592'660) 31.03.2013 Investment Advisor NWQ INVESTMENT MANAG NWQ INVESTMENT MANAG 13F 3'186'064 1.29 (730'412) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 2'867'697 1.16 (1'925'861) 31.03.2013 Investment Advisor MAK CAPITAL ONE LLC MAK CAPITAL ONE LLC 13F 2'606'897 1.06 2'606'897 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 2'480'000 1 (145'000) 27.12.2012 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Desjardins Securities ADAM MELNYK buy 5 U 7 12 month 13.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 9 12 month 13.05.2013 TD Securities STEVEN J GREEN reduce 2 M 5 12 month 13.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 7 Not Provided 12.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 8 Not Provided 12.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 6 12 month 10.05.2013 Credit Suisse ANITA SONI neutral 3 M 8 Not Provided 10.05.2013 Dundee Securities Corp JOE FAZZINI neutral 3 M 6 Not Provided 10.05.2013 GMP CHELSEA HAMILTON buy 5 M 12 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 6 12 month 10.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 10.05.2013 Macquarie TONY LESIAK outperform 5 M 6 12 month 25.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 15.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 7 12 month 04.04.2013 Holdings By: AuRico Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 46.
    16.05.2013 Allied Nevada GoldCorporation evaluates, acquires, explores, and advances gold exploration and potential development projects. The Company's holdings include projects in Nevada, California, Idaho and Colorado in the United States, as well as Bolivia, Mexico, Indonesia and Australia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.10.2012) 41.02 52-Week Low (15.05.2013) 7.78 Daily Volume 7.82 52-Week High % Change -80.94% Dividend Yield 0.00 52-Week Low % Change 0.51% Beta 1.01 % 52 Week Price Range High/Low 0.12% Equity Float 82.61 Shares Out 25.04.2013 89.9 Short Int 6.58 702.93 1 Yr Total Return -67.17% Total Debt 525.19 YTD Return -74.05% Preferred Stock 0.0 Adjusted BETA 1.005 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 347.05 Consensus Rating 3.500 Enterprise Value 881.08 Average Volume 5 Day 2'274'512 ANV US EQUITY YTD Change - Average Volume 30 Day 3'131'877 ANV US EQUITY YTD % CHANGE - Average Volume 3 Month 2'249'297 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 43.2 130.9 152.0 214.6 159.3 224.5 368.2 559.7 72.6 89.1 - 23.79x 15.41x 16.34x 13.43x 69.10x 39.30x 2.80x 2.25x 7.37x 4.92x (38.7) (0.8) 30.5 48.8 95.5 64.8 77.6 159.0 294.2 24.9 31.9 - - 66.12x 50.94x 30.19x 42.00x 0.00x 5.54x 3.00x 6.84x 6.01x (79.6) 8.5 34.1 36.7 47.7 48.6 44.5 82.1 131.5 10.1 14.4 - 107.71x 64.17x 77.64x 57.94x 62.56x 33.59x 9.35x 5.19x 7.46x 5.89x EBITDA 95.46 Long-Term Rating Date 07.06.2012 EBIT 80.87 Long-Term Rating B Operating Margin 37.69% Long-Term Outlook STABLE Pretax Margin 29.90% Short-Term Rating Date - Return on Assets 5.04% Short-Term Rating - Return on Common Equity 8.05% Return on Capital 6.96% EBITDA/Interest Exp. 3.69 Asset Turnover 0.23% (EBITDA-Capex)/Interest Exp. -6.45 Net Debt/EBITDA 1.87 Gross Margin 49.0% Total Debt/EBITDA 5.50 EBITDA Margin 44.5% EBIT Margin 37.7% Total Debt/Equity 84.7% Net Income Margin 22.2% Total Debt/Capital 45.9% Asset Turnover 0.23 Current Ratio 5.58 Net Fixed Asset Turnover 0.62 Quick Ratio 4.00 Accounts receivable turnover-days 51.58 Debt to Assets 42.43% Inventory Days 140.60 Tot Debt to Common Equity 84.71% Accounts Payable Turnover Day 115.64 Accounts Receivable Turnover 7.10 Cash Conversion Cycle 76.54 Inventory Turnover 2.60 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Allied Nevada Gold Corp Price/Volume Valuation Analysis 3'841'882.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 40 45 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 47.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN n/a 13G 12'563'335 13.98 7'712'243 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'266'752 8.08 128'651 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 4'618'576 5.14 (88'198) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 4'534'307 5.04 (1'437'400) 31.03.2013 Investment Advisor PESCIO CARL A n/a Form 4 4'403'800 4.9 (296'200) 21.09.2012 n/a SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 4'264'100 4.74 9'400 31.03.2013 Investment Advisor GUGGENHEIM n/a ULT-AGG 4'094'906 4.56 2'895'167 30.04.2013 Unclassified GCIC LTD/CANADA n/a 13G 3'931'475 4.37 (1'009'900) 18.04.2013 Investment Advisor BLACKROCK n/a ULT-AGG 3'054'914 3.4 (174'019) 14.05.2013 Investment Advisor UNITED SERVICES AUTO UNITED SERVICES AUTO 13F 2'596'885 2.89 188'152 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 2'464'979 2.74 106'871 31.03.2013 Investment Advisor BUCHAN ROBERT M n/a PROXY 2'211'500 2.46 (23'300) 08.03.2013 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'189'300 2.44 331'500 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'048'400 2.28 (1'176'615) 31.03.2013 Investment Advisor TACONIC CAPITAL ADVI TACONIC CAPITAL ADVI 13F 2'000'000 2.22 2'000'000 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'768'623 1.97 (400'400) 31.03.2013 Hedge Fund Manager SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 1'620'900 1.8 - 28.02.2013 Investment Advisor PAULSON & CO PAULSON & CO 13F 1'502'184 1.67 (7'037) 31.03.2013 Hedge Fund Manager COLUMBIA WANGER ASSE COLUMBIA WANGER ASSE 13F 1'322'000 1.47 (122'000) 31.03.2013 Investment Advisor JANUS CAPITAL MANAGE n/a ULT-AGG 981'800 1.09 837'700 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 15.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 17 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 34 Not Provided 13.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector perform 3 M 15 Not Provided 02.05.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 11 Not Provided 01.05.2013 Macquarie MICHAEL GRAY underperform 1 M 9 12 month 01.05.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 15 12 month 30.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 U 12 12 month 23.04.2013 Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 24 12 month 22.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 43 12 month 09.04.2013 Holdings By: Allied Nevada Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 48.
    16.05.2013 Hecla Mining Companyexplores, develops, and mines precious metals, gold and silver. The Company has operations in the United States and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 6.92 52-Week Low (18.04.2013) 2.95 Daily Volume 3.1 52-Week High % Change -55.22% Dividend Yield 2.02 52-Week Low % Change 5.08% Beta 1.36 % 52 Week Price Range High/Low 3.78% Equity Float 283.22 Shares Out 07.05.2013 285.2 Short Int 26.09 884.01 1 Yr Total Return -16.09% Total Debt 17.50 YTD Return -46.67% Preferred Stock 0.0 Adjusted BETA 1.356 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 190.98 Consensus Rating 3.500 Enterprise Value 745.97 Average Volume 5 Day 5'170'497 HL US EQUITY YTD Change - Average Volume 30 Day 6'445'187 HL US EQUITY YTD % CHANGE - Average Volume 3 Month 6'366'699 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 204.7 312.5 418.8 477.6 321.1 432.4 306.4 483.6 641.6 111.4 151.5 3.08x 4.39x 6.28x 2.59x 4.64x 11.93x 17.19x 2.41x 1.68x 6.93x 7.46x 15.3 132.3 211.3 254.7 92.9 210.2 73.6 205.4 340.9 49.7 83.3 41.21x 10.38x 12.44x 4.85x 16.03x 5.01x 13.43x 3.63x 2.19x 2.31x 2.04x (66.6) 67.8 49.0 151.2 15.0 120.4 13.5 60.1 125.8 9.2 16.6 - 34.33x 62.56x 12.16x 83.29x 14.00x 32.92x 16.76x 8.24x 11.88x 9.04x EBITDA 92.91 Long-Term Rating Date 04.04.2013 EBIT 42.79 Long-Term Rating B Operating Margin 13.33% Long-Term Outlook STABLE Pretax Margin 7.42% Short-Term Rating Date - Return on Assets 0.97% Short-Term Rating - Return on Common Equity 1.13% Return on Capital 1.31% EBITDA/Interest Exp. 38.28 Asset Turnover 0.22% (EBITDA-Capex)/Interest Exp. -8.32 Net Debt/EBITDA -1.98 Gross Margin 44.7% Total Debt/EBITDA 0.31 EBITDA Margin 24.0% EBIT Margin 6.5% Total Debt/Equity 1.5% Net Income Margin 4.7% Total Debt/Capital 1.5% Asset Turnover 0.22 Current Ratio 2.98 Net Fixed Asset Turnover 0.31 Quick Ratio 2.20 Accounts receivable turnover-days 10.59 Debt to Assets 1.27% Inventory Days 57.05 Tot Debt to Common Equity 1.54% Accounts Payable Turnover Day 63.06 Accounts Receivable Turnover 34.48 Cash Conversion Cycle -4.24 Inventory Turnover 6.40 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Hecla Mining Co Price/Volume Valuation Analysis 6'774'904.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 49.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 20'163'923 7.07 491'092 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 15'874'824 5.57 - 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 15'111'549 5.3 (139'843) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 10'875'818 3.81 (1'098'945) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'583'337 1.96 913'185 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 4'997'041 1.75 (97'116) 31.03.2013 Investment Advisor CS MCKEE LP C S MCKEE LP 13F 4'173'590 1.46 1'290'990 31.03.2013 Investment Advisor KESTREL INVESTMENT M KESTREL INVESTMENT M 13F 4'127'550 1.45 130'300 31.03.2013 Investment Advisor CREDIT SUISSE AG CREDIT SUISSE AG 13F 3'911'135 1.37 945'081 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 3'247'355 1.14 (497'214) 31.03.2013 Investment Advisor LRI-FUND MANAGEMENT Multiple Portfolios MF-AGG 2'800'000 0.98 - 30.04.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'728'961 0.96 (42'581) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 2'623'100 0.92 (2'027'715) 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 2'493'254 0.87 8'934 31.03.2013 Investment Advisor AXA n/a ULT-AGG 2'418'493 0.85 - 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 2'250'000 0.79 (150'000) 28.02.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 2'035'400 0.71 (330'000) 29.03.2013 Investment Advisor NEW JERSEY DIVISION STATE OF NJ COMMON P 13F 1'900'000 0.67 - 31.03.2013 Pension Fund (ERISA) BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 1'771'132 0.62 (155'431) 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'698'286 0.6 1'054'728 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 4 Not Provided 13.05.2013 Sterne, Agee & Leach MICHAEL S DUDAS neutral 3 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 5 12 month 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 6 12 month 13.05.2013 Deutsche Bank JORGE M BERISTAIN hold 3 M 4 12 month 09.05.2013 JPMorgan JOHN BRIDGES neutral 3 M 6 6 month 19.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 17.04.2013 Scotia Capital TREVOR TURNBULL restricted #N/A N/A M #N/A N/A Not Provided 05.03.2013 Holdings By: Hecla Mining Co All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 50.
    16.05.2013 Nevsun Resources Ltd.is a gold producer and base metal developer. The Company has a gold-copper-zinc mine in Eritrea. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.11.2012) 4.98 52-Week Low (16.05.2012) 2.68 Daily Volume 3.49 52-Week High % Change -29.92% Dividend Yield - 52-Week Low % Change 30.22% Beta 1.04 % 52 Week Price Range High/Low 35.22% Equity Float - Shares Out #N/A N/A - Short Int 1.08 - 1 Yr Total Return 33.27% Total Debt 0.00 YTD Return -18.46% Preferred Stock 0.0 Adjusted BETA 1.040 Minority Interest 143.5 Analyst Recs 12 Cash and Equivalents 396.40 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 613'246 NSU US EQUITY YTD Change - Average Volume 30 Day 761'792 NSU US EQUITY YTD % CHANGE - Average Volume 3 Month 1'116'330 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 547.8 566.0 646.6 487.8 319.8 671.5 61.4 34.7 - - - 1.60x 1.05x 5.21x 4.68x - - - - (6.1) (4.9) (12.2) 429.2 426.5 509.2 347.4 197.5 449.3 21.4 14.1 - - - 2.04x 1.40x 1.15x 1.68x - - - - (5.7) (4.3) (13.3) 147.1 145.3 176.5 114.6 55.4 165.4 4.3 2.8 - - - - - 0.00x 0.00x 10.54x 3.73x 7.26x 5.17x EBITDA 426.46 Long-Term Rating Date - EBIT 397.41 Long-Term Rating - Operating Margin 70.21% Long-Term Outlook - Pretax Margin 70.80% Short-Term Rating Date - Return on Assets 14.32% Short-Term Rating - Return on Common Equity 19.57% Return on Capital 27.26% EBITDA/Interest Exp. 683.43 Asset Turnover 0.61% (EBITDA-Capex)/Interest Exp. 544.86 Net Debt/EBITDA -0.96 Gross Margin 89.9% Total Debt/EBITDA 0.00 EBITDA Margin 71.2% EBIT Margin 66.0% Total Debt/Equity 0.0% Net Income Margin 25.7% Total Debt/Capital 0.0% Asset Turnover 0.61 Current Ratio 6.56 Net Fixed Asset Turnover 1.50 Quick Ratio 5.92 Accounts receivable turnover-days 34.31 Debt to Assets 0.00% Inventory Days 339.31 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 94.57 Accounts Receivable Turnover 10.64 Cash Conversion Cycle 235.97 Inventory Turnover 1.08 Fiscal Year Ended Nevsun Resources Ltd Price/Volume Valuation Analysis 930'950.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 51.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VANGUARD GROUP INC Multiple Portfolios MF-AGG 39'604'711 0 60'000 31.03.2013 Investment Advisor M&G INVESTMENT MANAG M&G INVESTMENT MANAG 13F 38'500'000 0 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 29'730'099 0 - 14.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 19'717'500 0 - 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 14'062'861 0 364'628 15.05.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 5'077'040 0 613'900 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 4'239'444 0 124'000 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 3'054'900 0 51'600 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 2'652'816 0 (409'688) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'922'020 0 43'700 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'635'201 0 (248'400) 31.03.2013 Pension Fund (ERISA) DAVIS CLIFFORD T n/a SEDI 1'553'219 0 (50'100) 19.11.2012 n/a RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 1'433'700 0 390'400 31.03.2013 Hedge Fund Manager CLARKE JOHN A n/a SEDI 1'367'000 0 - 31.12.2012 n/a NORGES BANK NORGES BANK 13F 1'233'881 0 (146'716) 31.12.2012 Government TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'119'275 0 (276'702) 31.03.2013 Investment Advisor MCKINLEY CAPITAL MAN MCKINLEY CAPITAL MAN 13F 1'094'380 0 1'094'380 31.03.2013 Investment Advisor AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 1'091'342 0 11'479 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 1'031'500 0 24'900 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 1'028'199 0 763'003 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets PATRICK MORTON sector perform 3 M 5 12 month 15.05.2013 Raymond James ADAM LOW outperform 5 M 4 12 month 13.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 U 4 Not Provided 13.05.2013 Paradigm Capital Inc DAVID DAVIDSON buy 5 M 8 12 month 13.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 4 12 month 13.05.2013 Cormark Securities Inc. CLIFF HALE-SANDERS buy 5 M 5 12 month 13.05.2013 Haywood Securities Inc. STEFAN IOANNOU buy 5 M 5 12 month 13.05.2013 GMP ANDREW MIKITCHOOK hold 3 M 4 Not Provided 13.05.2013 TD Securities STEVEN J GREEN hold 3 M 4 12 month 13.05.2013 PI Financial Corp. ALEEM LADAK buy 5 M 6 Not Provided 13.05.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Holdings By: Nevsun Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 52.
    16.05.2013 Aurizon Mines Ltd.is a gold mining company. The Company's operations and exploration activities are located in the Abitibi region of north-western Quebec, Canada. Aurizon operates and owns an interest in the Beaufor Mine, the Sleeping Giant Mine, and the Casa Berardi property. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 5.37 52-Week Low (24.12.2012) 3.19 Daily Volume 3.81 52-Week High % Change -29.05% Dividend Yield - 52-Week Low % Change 19.44% Beta 0.96 % 52 Week Price Range High/Low 28.44% Equity Float 136.32 Shares Out 30.04.2013 164.7 Short Int 2.40 627.38 1 Yr Total Return -3.54% Total Debt 0.00 YTD Return 9.48% Preferred Stock 0.0 Adjusted BETA 0.958 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 204.71 Consensus Rating 3.000 Enterprise Value 449.51 Average Volume 5 Day 412'945 AZK US EQUITY YTD Change - Average Volume 30 Day 888'891 AZK US EQUITY YTD % CHANGE - Average Volume 3 Month 917'810 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 144.5 175.6 178.7 260.0 223.6 269.5 210.1 209.3 266.3 46.6 49.5 4.07x 3.65x 5.82x 2.31x 1.61x 9.71x 10.01x - - - - 53.5 87.5 69.8 124.9 92.2 134.3 77.9 94.0 139.0 - - 10.98x 7.32x 14.90x 4.81x 3.90x 4.46x 6.98x 4.79x 3.23x - - 4.9 36.7 17.2 43.9 31.8 49.7 20.6 27.9 51.1 3.4 4.6 - - - - - 0.00x 0.00x 29.85x 14.92x - - EBITDA 92.23 Long-Term Rating Date - EBIT 54.50 Long-Term Rating - Operating Margin 24.38% Long-Term Outlook - Pretax Margin 25.08% Short-Term Rating Date - Return on Assets 4.76% Short-Term Rating - Return on Common Equity 5.91% Return on Capital 6.03% EBITDA/Interest Exp. 107.74 Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 19.32 Net Debt/EBITDA -2.43 Gross Margin 41.0% Total Debt/EBITDA 0.00 EBITDA Margin 37.1% EBIT Margin 18.6% Total Debt/Equity 0.0% Net Income Margin 14.2% Total Debt/Capital 0.0% Asset Turnover 0.49 Current Ratio 7.30 Net Fixed Asset Turnover 1.07 Quick Ratio 6.49 Accounts receivable turnover-days 19.33 Debt to Assets 0.00% Inventory Days 49.19 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 82.16 Accounts Receivable Turnover 18.89 Cash Conversion Cycle 14.19 Inventory Turnover 7.42 Fiscal Year Ended Aurizon Mines Ltd Price/Volume Valuation Analysis 207'992.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 53.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ALAMOS GOLD INC n/a 13D 26'507'283 16.1 - 19.03.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 22'947'156 13.94 (4'072'245) 15.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 5'855'560 3.56 104'300 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'647'300 2.82 (159'200) 31.03.2013 Hedge Fund Manager GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'273'700 2.6 4'273'700 31.03.2013 Investment Advisor ALPINE ASSOCIATES AD ALPINE ASSOCIATES AD 13F 3'842'000 2.33 3'842'000 31.03.2013 Hedge Fund Manager HARVARD MANAGEMENT C HARVARD MANAGEMENT C 13F 1'707'800 1.04 1'707'800 31.03.2013 Endowment LONGFELLOW INVESTMEN LONGFELLOW INVESTMEN 13F 1'674'818 1.02 1'674'818 31.03.2013 Investment Advisor TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 1'655'218 1.01 1'655'218 28.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'584'910 0.96 45'000 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'400'000 0.85 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'379'219 0.84 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'304'320 0.79 (1'626'815) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'289'081 0.78 1'097'036 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'264'143 0.77 1'264'143 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'121'404 0.68 (1'183'046) 31.03.2013 Hedge Fund Manager UBS n/a ULT-AGG 1'093'674 0.66 1'062'194 31.03.2013 Unclassified HALL DAVID P n/a SEDI 990'342 0.6 5'000 04.04.2012 n/a TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 962'464 0.58 12'062 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 955'334 0.58 (248'713) 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets BRIAN QUAST underperform 1 M 4 Not Provided 15.05.2013 Global Hunter Securities JEFF WRIGHT neutral 3 M 5 12 month 13.05.2013 Desjardins Securities ADAM MELNYK tender #N/A N/A M 5 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO tender #N/A N/A M 5 12 month 10.05.2013 EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 15.03.2013 Mackie Research Capital Corp. RYAN HANLEY tender #N/A N/A M 5 Not Provided 05.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 5 12 month 04.03.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 CIBC World Markets COSMOS CHIU restricted #N/A N/A M #N/A N/A Not Provided 25.01.2013 Loewen, Ondaatje, McCutcheon Ltd MICHAEL G FOWLER buy 5 M 6 12 month 23.01.2013 Scotia Capital OVAIS HABIB restricted #N/A N/A M #N/A N/A Not Provided 21.01.2013 Holdings By: Aurizon Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 54.
    16.05.2013 Silver Standard ResourcesInc. is a silver exploration company focused on acquiring and developing silver resources on a global basis. The Company has projects in Argentina, Peru, Mexico, Canada, Chile, the United States and Australia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 16.92 52-Week Low (15.05.2013) 6.43 Daily Volume 6.49 52-Week High % Change -61.64% Dividend Yield - 52-Week Low % Change 0.93% Beta 1.09 % 52 Week Price Range High/Low 0.57% Equity Float 80.57 Shares Out 30.04.2013 80.8 Short Int 3.54 524.10 1 Yr Total Return -36.18% Total Debt 135.81 YTD Return -56.41% Preferred Stock 0.0 Adjusted BETA 1.089 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 366.95 Consensus Rating 3.545 Enterprise Value 292.95 Average Volume 5 Day 1'167'253 SSRI US EQUITY YTD Change - Average Volume 30 Day 1'457'722 SSRI US EQUITY YTD % CHANGE - Average Volume 3 Month 1'234'993 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 5.4 112.3 147.8 241.1 126.2 251.8 215.9 243.4 56.1 59.4 - 307.12x 18.82x 6.19x 4.03x 40.61x 10.87x 1.75x 2.23x 6.05x 6.85x (17.9) (17.7) 5.3 39.4 54.6 20.8 46.9 58.2 79.7 11.9 15.4 - - 400.55x 23.24x 17.81x 50.46x 0.00x 5.04x 3.68x 4.06x 3.53x (5.6) (13.2) 338.5 80.1 54.8 69.1 51.3 (10.4) (5.2) (1.9) (1.1) - - - - - 0.00x 0.00x - - - 540.83x EBITDA 54.59 Long-Term Rating Date - EBIT 9.75 Long-Term Rating - Operating Margin 4.04% Long-Term Outlook - Pretax Margin 14.55% Short-Term Rating Date - Return on Assets 4.23% Short-Term Rating - Return on Common Equity 5.37% Return on Capital - EBITDA/Interest Exp. 2.23 Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -0.30 Net Debt/EBITDA -4.23 Gross Margin 19.1% Total Debt/EBITDA 2.49 EBITDA Margin 22.6% EBIT Margin 4.0% Total Debt/Equity 12.8% Net Income Margin 22.7% Total Debt/Capital 11.4% Asset Turnover 0.19 Current Ratio 2.76 Net Fixed Asset Turnover 0.44 Quick Ratio 2.10 Accounts receivable turnover-days 78.06 Debt to Assets 10.31% Inventory Days 184.84 Tot Debt to Common Equity 12.84% Accounts Payable Turnover Day 114.73 Accounts Receivable Turnover 4.69 Cash Conversion Cycle 148.18 Inventory Turnover 1.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Silver Standard Resources Inc Price/Volume Valuation Analysis 1'879'463.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 16 18 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 55.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 6'782'680 8.4 (1'486'526) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'716'543 7.08 141'978 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 3'564'858 4.41 592'287 31.03.2013 Investment Advisor VINIK ASSET MANAGEME VINIK ASSET MANAGEME 13F 2'504'177 3.1 722'770 31.03.2013 Hedge Fund Manager TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 1'841'793 2.28 747'006 31.03.2013 Investment Advisor AXA n/a ULT-AGG 1'508'237 1.87 8'300 31.03.2013 Investment Advisor NEWGATE CAPITAL MANA NEWGATE CAPITAL MANA 13F 1'283'256 1.59 302'640 31.03.2013 Investment Advisor CARLSON CAPITAL LP CARLSON CAPITAL LP 13F 1'127'900 1.4 923'744 31.03.2013 Hedge Fund Manager GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'076'357 1.33 (8'883) 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 915'000 1.13 (75'000) 28.02.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 811'912 1.01 288'500 31.03.2013 Pension Fund (ERISA) UBS n/a ULT-AGG 804'279 1 88'666 31.03.2013 Unclassified PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 778'570 0.96 10'800 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 720'000 0.89 (180'000) 31.12.2012 Investment Advisor ATLANTIC INVESTMENT ATLANTIC INVESTMENT 13F 697'830 0.86 697'830 31.03.2013 Investment Advisor LRI-FUND MANAGEMENT Multiple Portfolios MF-AGG 681'000 0.84 - 30.04.2013 Investment Advisor NEUFLIZE OBC ASSET M Multiple Portfolios MF-AGG 618'576 0.77 - 30.12.2011 Investment Advisor NORGES BANK NORGES BANK 13F 498'001 0.62 (78'964) 31.12.2012 Government TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 493'683 0.61 9'039 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 466'332 0.58 39'728 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 12 Not Provided 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 22 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 17 12 month 13.05.2013 Salman Partners ASH GUGLANI buy 5 M 16 12 month 10.05.2013 Deutsche Bank JORGE M BERISTAIN sell 1 M 9 12 month 09.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 10 12 month 09.05.2013 Credit Suisse RALPH M PROFITI neutral 3 M 17 Not Provided 09.05.2013 GMP CHELSEA HAMILTON buy 5 M 27 12 month 09.05.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 9 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 18.04.2013 CIBC World Markets ARNOLD VAN GRAAN sector perform 3 M 12 Not Provided 11.04.2013 Holdings By: Silver Standard Resources Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 56.
    16.05.2013 Seabridge Gold, Inc.acquires gold projects in North America. The Company expands and verifies these resources, moves them to reserves to determine their economic value, and either sells to or forms joint ventures with larger companies for mine construction and production. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 20.34 52-Week Low (18.04.2013) 9.63 Daily Volume 10.19 52-Week High % Change -49.89% Dividend Yield - 52-Week Low % Change 5.82% Beta 0.99 % 52 Week Price Range High/Low 5.23% Equity Float 41.57 Shares Out 30.04.2013 45.6 Short Int 3.88 464.22 1 Yr Total Return -19.95% Total Debt 0.00 YTD Return -43.29% Preferred Stock 0.0 Adjusted BETA 0.990 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 52.04 Consensus Rating 4.000 Enterprise Value 420.67 Average Volume 5 Day 249'532 SA US EQUITY YTD Change - Average Volume 30 Day 378'080 SA US EQUITY YTD % CHANGE - Average Volume 3 Month 377'719 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (5.6) (5.0) (5.7) (19.8) (15.8) (19.8) (5.1) (15.0) (16.0) - - - - - - - 0.00x 0.00x - - - - 10.3 (4.7) 3.3 (20.1) (12.5) (18.3) (14.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -15.82 Long-Term Rating Date - EBIT -15.83 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -5.08% Short-Term Rating - Return on Common Equity -5.37% Return on Capital - EBITDA/Interest Exp. -385.83 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1574.22 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.11 Net Fixed Asset Turnover 0.00 Quick Ratio 5.11 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Seabridge Gold Inc Price/Volume Valuation Analysis 467'017.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 57.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 12'566'447 27.58 661'363 15.05.2013 Investment Advisor PAN ATLANTIC BANK n/a PROXY 8'001'232 17.56 - 10.05.2012 Bank ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 5'837'287 12.81 (289'596) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'022'491 4.44 - 31.03.2013 Hedge Fund Manager FRONK RUDI P n/a SEDI 1'180'000 2.59 10'000 16.11.2012 n/a ANTHONY JAMES S n/a PROXY 779'791 1.71 - 15.05.2012 n/a FMR LLC n/a ULT-AGG 601'905 1.32 - 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 572'976 1.26 115'079 31.03.2013 Investment Advisor FCMI FINANCIAL CORP n/a PROXY 555'000 1.22 - 10.05.2012 Corporation BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 478'467 1.05 (203'241) 31.03.2013 Hedge Fund Manager FNDTN FOR STUDY OBJ n/a SEDI 425'334 0.93 - 06.02.2012 Other FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 415'000 0.91 (35'000) 02.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 338'868 0.74 (465'199) 14.05.2013 Investment Advisor FOX LOUIS J n/a SEDI 300'750 0.66 - 06.12.2011 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 286'420 0.63 (23'150) 31.03.2013 Investment Advisor THRELKELD WILLIAM E n/a SEDI 265'000 0.58 (10'000) 30.08.2011 n/a BANFIELD A FREDERICK n/a PROXY 245'000 0.54 - 15.05.2012 n/a NORGES BANK NORGES BANK 13F 235'224 0.52 (71'639) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 199'794 0.44 21'035 31.03.2013 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 167'000 0.37 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 64 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 22 12 month 08.03.2013 Nomura TYLER BRODA buy 5 M 24 Not Provided 16.05.2012 Holdings By: Seabridge Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 58.
    16.05.2013 Tanzanian Royalty ExplorationCorporation acquires, explores, and develops mineral properties. The Company explores for gold. Latest Fiscal Year: 08/2012 LTM as of: 02/yy 52-Week High (21.09.2012) 5.34 52-Week Low (18.04.2013) 2.42 Daily Volume 2.63 52-Week High % Change -50.75% Dividend Yield - 52-Week Low % Change 8.68% Beta 1.25 % 52 Week Price Range High/Low 7.19% Equity Float 92.75 Shares Out 30.04.2013 100.7 Short Int 8.19 264.79 1 Yr Total Return -26.54% Total Debt 2.07 YTD Return -40.36% Preferred Stock 0.0 Adjusted BETA 1.246 Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 20.06 Consensus Rating - Enterprise Value 256.10 Average Volume 5 Day 277'054 TRX US EQUITY YTD Change - Average Volume 30 Day 472'773 TRX US EQUITY YTD % CHANGE - Average Volume 3 Month 474'072 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 02/yy 02/yy 08/13 Y 08/14 Y 05/13 Q3 08/13 Q4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.9) (3.4) (3.0) (4.3) (5.1) (4.6) (5.0) - - - - - - - - - 0.00x 0.00x - - - - (3.7) (4.7) (3.4) (11.1) (8.9) (14.6) (2.2) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -5.06 Long-Term Rating Date - EBIT -5.44 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -3.52% Short-Term Rating - Return on Common Equity -4.13% Return on Capital - EBITDA/Interest Exp. -49.26 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -133.96 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.21 EBITDA Margin - EBIT Margin - Total Debt/Equity 4.1% Net Income Margin - Total Debt/Capital 3.9% Asset Turnover 0.00 Current Ratio 8.84 Net Fixed Asset Turnover 0.00 Quick Ratio 8.68 Accounts receivable turnover-days - Debt to Assets 3.28% Inventory Days - Tot Debt to Common Equity 4.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Tanzanian Royalty Exploration Corp Price/Volume Valuation Analysis 323'081.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 59.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 14'700'030 14.6 1'177'305 15.05.2013 Investment Advisor GEIER GROUP LLC n/a 13G 4'879'743 4.85 (4'801'048) 10.11.2011 Other BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 3'669'696 3.64 (116'921) 28.02.2013 Investment Advisor SINCLAIR JAMES E n/a SEDI 1'885'543 1.87 (1'000) 08.02.2013 n/a BPI GLOBAL INVESTMEN Multiple Portfolios MF-AGG 673'902 0.67 (37'877) 28.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 516'924 0.51 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 498'912 0.5 131'800 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 474'292 0.47 60'200 31.03.2013 Investment Advisor MORROW ROSALIND n/a SEDI 429'429 0.43 5'382 11.03.2013 n/a HARVEY WILLIAM M n/a SEDI 340'090 0.34 7'732 12.04.2013 n/a BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 334'811 0.33 4'654 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 309'070 0.31 - 15.05.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 287'556 0.29 102'344 31.03.2013 Investment Advisor PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 212'810 0.21 250 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 190'479 0.19 22'792 31.03.2013 Investment Advisor LUIS VICTORIA n/a 20F 144'045 0.14 - 31.10.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 141'479 0.14 (4'090) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 124'831 0.12 27'380 31.03.2013 Investment Advisor VAN TONGEREN STEVEN n/a SEDI 124'663 0.12 544 09.05.2013 n/a ALTUS CAPITAL INC ALTUS CAPITAL INC 13F 104'500 0.1 56'500 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Tanzanian Royalty Exploration Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 60.
    16.05.2013 Golden Star ResourcesLtd. is a mid-tier gold mining company. The Company's operating mines are situated along the Ashanti Gold Belt in Ghana, West Africa. Latest Fiscal Year: 12/1997 LTM as of: 03/yy 52-Week High (16.10.2012) 2.11 52-Week Low (15.05.2013) 0.66 Daily Volume 0.7 52-Week High % Change -66.82% Dividend Yield 0.00 52-Week Low % Change 6.06% Beta 1.06 % 52 Week Price Range High/Low 2.76% Equity Float 257.69 Shares Out 08.05.2013 259.1 Short Int 12.89 181.37 1 Yr Total Return -44.88% Total Debt 117.48 YTD Return -61.96% Preferred Stock 0.0 Adjusted BETA 1.057 Minority Interest (2.0) Analyst Recs 10 Cash and Equivalents 78.88 Consensus Rating 2.200 Enterprise Value 228.15 Average Volume 5 Day 3'531'699 GSS US EQUITY YTD Change - Average Volume 30 Day 2'504'985 GSS US EQUITY YTD % CHANGE - Average Volume 3 Month 2'193'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 257.4 - 432.7 471.0 550.5 485.5 552.4 481.9 487.2 123.0 123.7 1.43x - 2.72x 0.98x 0.95x 4.31x 3.44x 0.60x 0.58x 1.96x 2.05x 1.8 - 107.6 91.8 124.7 94.4 117.0 77.4 117.8 26.0 27.8 200.09x - 10.93x 5.00x 4.18x 5.74x 3.95x 2.95x 1.94x 2.24x 2.36x (119.3) - (11.2) (2.1) (9.5) 1.1 (25.2) (9.0) 26.7 0.4 2.2 - - - - - 0.00x 0.00x - 8.24x - 21.88x EBITDA 124.67 Long-Term Rating Date - EBIT 25.74 Long-Term Rating - Operating Margin 4.68% Long-Term Outlook - Pretax Margin 1.20% Short-Term Rating Date - Return on Assets -3.45% Short-Term Rating - Return on Common Equity -5.78% Return on Capital - EBITDA/Interest Exp. 12.27 Asset Turnover 0.76% (EBITDA-Capex)/Interest Exp. 3.56 Net Debt/EBITDA 0.43 Gross Margin 9.6% Total Debt/EBITDA 0.95 EBITDA Margin 21.2% EBIT Margin 2.9% Total Debt/Equity 27.1% Net Income Margin -1.7% Total Debt/Capital 21.4% Asset Turnover 0.76 Current Ratio 1.58 Net Fixed Asset Turnover 1.06 Quick Ratio 0.69 Accounts receivable turnover-days 7.91 Debt to Assets 16.18% Inventory Days 61.01 Tot Debt to Common Equity 27.10% Accounts Payable Turnover Day 51.20 Accounts Receivable Turnover 46.13 Cash Conversion Cycle -1.28 Inventory Turnover 5.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Golden Star Resources Ltd Price/Volume Valuation Analysis 3'521'219.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 61.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 39'316'268 15.17 3'237'877 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 28'879'600 11.15 (1'359'000) 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 26'830'259 10.35 844'389 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 10'793'356 4.17 723'887 14.05.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 7'898'726 3.05 1'617'352 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'237'500 2.02 5'237'500 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 4'819'436 1.86 (1'475'687) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'558'095 1.76 12'016 31.03.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 4'350'000 1.68 4'350'000 31.03.2013 Hedge Fund Manager WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 3'221'423 1.24 (492'267) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 3'178'325 1.23 (308'600) 31.03.2013 Pension Fund (ERISA) NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'972'612 1.15 (92'341) 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 2'625'741 1.01 - 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'934'059 0.75 - 31.12.2012 Government CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'870'572 0.72 1'267'792 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'795'127 0.69 (50'700) 31.03.2013 Investment Advisor LEGG MASON CAPITAL M Multiple Portfolios MF-AGG 1'467'781 0.57 - 31.03.2013 Investment Advisor PRINCIPAL FINANCIAL n/a ULT-AGG 1'271'090 0.49 (619'837) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'235'376 0.48 (1'024'176) 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'175'635 0.45 455'015 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS underperform 1 D 1 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 1 12 month 13.05.2013 Macquarie PIERRE VAILLANCOURT neutral 3 M 1 12 month 11.05.2013 Raymond James BRAD HUMPHREY market perform 3 M 1 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 2 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 10.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 09.05.2013 CIBC World Markets COSMOS CHIU sector underperform 1 D 1 Not Provided 09.05.2013 Scotia Capital TREVOR TURNBULL sector underperform 1 D 0 12 month 23.04.2013 Holdings By: Golden Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 62.
    16.05.2013 Vista Gold Corp.is an international gold mining company. The Company is focused on its core projects, the Concordia gold project located in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Latest Fiscal Year: 12/2007 LTM as of: 03/yy 52-Week High (21.09.2012) 4.09 52-Week Low (15.05.2013) 1.30 Daily Volume 1.32 52-Week High % Change -67.73% Dividend Yield 0.00 52-Week Low % Change 1.54% Beta 1.17 % 52 Week Price Range High/Low 0.72% Equity Float 68.27 Shares Out 30.04.2013 81.7 Short Int 1.54 107.87 1 Yr Total Return -46.12% Total Debt 0.00 YTD Return -51.11% Preferred Stock 0.0 Adjusted BETA 1.168 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 88.40 Consensus Rating 5.000 Enterprise Value 19.48 Average Volume 5 Day 306'286 VGZ US EQUITY YTD Change - Average Volume 30 Day 414'468 VGZ US EQUITY YTD % CHANGE - Average Volume 3 Month 483'989 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (6.5) (6.1) (17.7) (28.1) (35.6) (31.9) (26.7) (18.8) (14.6) - - - - - - - 0.00x 0.00x - - - - (10.0) (1.9) (20.0) 51.5 (70.7) 44.2 (85.7) (26.5) (6.4) (4.4) (5.9) - - - - - 0.00x 0.00x - - - - EBITDA -35.63 Long-Term Rating Date - EBIT -36.22 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -44.30% Short-Term Rating - Return on Common Equity -57.29% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 2.94 Net Fixed Asset Turnover 0.00 Quick Ratio 2.84 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Vista Gold Corp Price/Volume Valuation Analysis 484'396.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 63.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a Research 12'084'310 14.79 - 31.12.2012 Hedge Fund Manager SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 12'084'310 14.79 - 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'374'527 13.92 1'172'092 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 6'145'260 7.52 (430'462) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 2'577'504 3.15 268'822 14.05.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 1'758'748 2.15 - 31.03.2013 Corporation ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 1'386'026 1.7 (200'000) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 881'631 1.08 (20'701) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 871'929 1.07 343'929 31.03.2013 Investment Advisor PERRITT CAPITAL MANA PERRITT CAPITAL MANA 13F 822'000 1.01 - 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 755'864 0.92 627'319 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 713'381 0.87 4'326 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 632'415 0.77 (100'000) 31.03.2013 Pension Fund (ERISA) PARKER FREDERICK H E n/a Form 4 556'325 0.68 - 05.09.2012 n/a CREDIT SUISSE AG CREDIT SUISSE AG 13F 412'356 0.5 327'220 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 327'993 0.4 44'000 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 248'473 0.3 88'467 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 201'025 0.25 11'051 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 199'168 0.24 (72'615) 31.03.2013 Investment Advisor RICHINGS MICHAEL B n/a Form 4 188'121 0.23 - 08.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Roth Capital Partners BRIAN W POST buy 5 M 7 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 12 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 4 12 month 10.05.2013 Holdings By: Vista Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 64.
    16.05.2013 Great Basin GoldLimited explores and develops gold properties. The Company prospects for gold in the Witwatersrand Basin in South Africa and the Carlin Trend in Nevada. Latest Fiscal Year: 12/2011 LTM as of: 09/yy 52-Week High (15.06.2012) 0.78 52-Week Low (03.05.2013) 0.01 Daily Volume 0.006 52-Week High % Change -99.23% Dividend Yield - 52-Week Low % Change 0.00% Beta - % 52 Week Price Range High/Low 0.00% Equity Float - Shares Out 28.09.2012 552.4 Short Int 0.69 3.31 1 Yr Total Return -98.78% Total Debt 282.45 YTD Return - Preferred Stock 0.0 Adjusted BETA - Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 25.75 Consensus Rating - Enterprise Value 319.56 Average Volume 5 Day 1'076'966 GBGLF US EQUITY YTD Change - Average Volume 30 Day 1'944'195 GBGLF US EQUITY YTD % CHANGE - Average Volume 3 Month 2'560'745 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 09/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1 0.0 24.7 33.7 99.7 170.3 172.5 144.8 - - - - - 14.86x 19.15x 14.22x 4.16x 28.57x 13.73x - - - - (62.2) (104.9) (50.6) (15.7) 18.3 24.5 (26.1) - - - - - - - - 38.63x 43.55x 0.00x - - - - (51.2) (84.9) (48.4) (27.1) (17.7) (48.2) (91.7) - - - - - - - - - 0.00x 0.00x - - - - EBITDA 18.34 Long-Term Rating Date - EBIT -0.57 Long-Term Rating - Operating Margin -0.33% Long-Term Outlook - Pretax Margin -38.35% Short-Term Rating Date - Return on Assets -11.45% Short-Term Rating - Return on Common Equity -22.67% Return on Capital - EBITDA/Interest Exp. 0.75 Asset Turnover 0.18% (EBITDA-Capex)/Interest Exp. -5.72 Net Debt/EBITDA - Gross Margin 29.7% Total Debt/EBITDA -12.49 EBITDA Margin -18.0% EBIT Margin -28.2% Total Debt/Equity 59.9% Net Income Margin -10.4% Total Debt/Capital 37.5% Asset Turnover 0.18 Current Ratio 0.78 Net Fixed Asset Turnover 0.20 Quick Ratio 0.50 Accounts receivable turnover-days 19.73 Debt to Assets 33.22% Inventory Days 69.54 Tot Debt to Common Equity 59.90% Accounts Payable Turnover Day 202.52 Accounts Receivable Turnover 18.55 Cash Conversion Cycle 39.53 Inventory Turnover 5.26 Fiscal Year Ended Great Basin Gold Ltd Price/Volume Valuation Analysis 3'262'601.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 65.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 23'107'390 4.18 - 31.01.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 22'797'000 4.13 - 27.12.2012 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 22'362'762 4.05 (68'246'952) 15.05.2013 Investment Advisor TRANTER GOLD (BEE) n/a Research 20'932'183 3.79 - 24.04.2012 n/a POWER CORP OF CANADA n/a ULT-AGG 9'258'842 1.68 (17'025) 31.01.2013 Holding Company UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 3'530'000 0.64 - 30.06.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 3'012'546 0.55 - 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'686'303 0.49 1'050 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'785'700 0.32 (17'785'700) 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'173'800 0.21 (768'400) 31.12.2012 Investment Advisor DIPPENAAR FERDINAND n/a SEDI 1'126'800 0.2 100'000 13.04.2012 n/a MOSTERT JACOB DAWID n/a SEDI 731'273 0.13 - 16.04.2012 n/a COOKE PATRICK RANDAL n/a SEDI 525'202 0.1 - 31.12.2012 n/a THIESSEN RONALD W n/a SEDI 468'531 0.08 100'000 25.04.2012 n/a MOMENTUM Multiple Portfolios MF-AGG 422'273 0.08 - 31.12.2012 Investment Advisor TIMBER HILL LLC TIMBER HILL LLC 13F 381'096 0.07 - 31.12.2012 Investment Advisor NESTOR INVESTMENT MA Multiple Portfolios MF-AGG 300'000 0.05 - 28.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 297'928 0.05 - 31.12.2012 Insurance Company STATE STREET n/a ULT-AGG 266'255 0.05 - 15.05.2013 Investment Advisor PRUDENTIAL OF AMERIC n/a ULT-AGG 240'200 0.04 240'200 31.12.2012 Insurance Company Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Great Basin Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 66.
    16.05.2013 Argonaut Gold, Inc.explores for gold. The Company owns the operating El Castillo mine, the San Antonio development stage project and advanced stage exploration properties including: La Fortuna and La Colorada. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 11.08 52-Week Low (17.04.2013) 5.24 Daily Volume 6.24 52-Week High % Change -43.68% Dividend Yield 0.00 52-Week Low % Change 19.08% Beta 1.16 % 52 Week Price Range High/Low 17.12% Equity Float 144.53 Shares Out 30.04.2013 149.0 Short Int 11.88 929.57 1 Yr Total Return -5.31% Total Debt 0.00 YTD Return -34.11% Preferred Stock 0.0 Adjusted BETA 1.163 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 191.89 Consensus Rating 4.273 Enterprise Value 720.93 Average Volume 5 Day 1'304'896 AR CN EQUITY YTD Change - Average Volume 30 Day 1'246'969 AR CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'365'788 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 - - 51.6 104.6 187.1 103.2 205.8 204.5 262.3 41.0 53.8 - - 4.70x 5.77x 6.53x 26.41x 13.70x 3.65x 2.83x 18.38x 13.97x - - 15.3 55.9 107.3 55.7 94.7 97.2 140.0 16.8 26.4 - - 15.83x 10.78x 11.39x 13.93x 0.00x 7.42x 5.15x 7.60x 7.05x (0.1) (0.5) 3.7 26.3 64.9 27.6 69.2 55.1 81.8 10.0 17.4 - - 66.38x 24.42x 14.00x 30.39x 12.87x 15.75x 10.55x 13.93x 12.11x EBITDA 107.29 Long-Term Rating Date - EBIT 85.19 Long-Term Rating - Operating Margin 45.53% Long-Term Outlook - Pretax Margin 45.69% Short-Term Rating Date - Return on Assets 10.38% Short-Term Rating - Return on Common Equity 11.44% Return on Capital 11.43% EBITDA/Interest Exp. 296.39 Asset Turnover 0.30% (EBITDA-Capex)/Interest Exp. 159.48 Net Debt/EBITDA -1.79 Gross Margin 62.5% Total Debt/EBITDA 0.00 EBITDA Margin 57.3% EBIT Margin 45.5% Total Debt/Equity 0.0% Net Income Margin 34.7% Total Debt/Capital 0.0% Asset Turnover 0.30 Current Ratio 12.31 Net Fixed Asset Turnover 0.41 Quick Ratio 9.89 Accounts receivable turnover-days 16.68 Debt to Assets 0.00% Inventory Days 182.86 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 31.36 Accounts Receivable Turnover 21.94 Cash Conversion Cycle 178.40 Inventory Turnover 2.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Argonaut Gold Inc Price/Volume Valuation Analysis 1'218'660.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 500.00 1'000.00 1'500.00 2'000.00 2'500.00 3'000.00 3'500.00 4'000.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 67.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 15'290'043 10.26 2'255'841 15.05.2013 Investment Advisor IG INVESTMENT MANAGE n/a Co File 6'707'533 4.5 - 30.09.2011 Investment Advisor LIBRA ADVISORS LLC n/a SEDI 5'768'001 3.87 (117'000) 02.03.2012 Hedge Fund Manager OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 5'602'697 3.76 - 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 3'138'600 2.11 - 30.06.2012 Investment Advisor MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 2'898'359 1.95 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 2'517'350 1.69 2'517'350 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 2'489'862 1.67 422'500 31.03.2013 Investment Advisor ALTAMIRA MANAGEMENT Multiple Portfolios MF-AGG 2'186'110 1.47 8'074 28.03.2013 Unclassified FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 1'971'153 1.32 87'779 28.02.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'530'917 1.03 (8'500) 31.01.2013 Holding Company KENNEDY BRIAN JOHN n/a SEDI 1'472'476 0.99 5'488 06.02.2013 n/a DOUGHERTY PETER C n/a SEDI 1'337'779 0.9 54'885 06.02.2013 n/a BLACKROCK n/a ULT-AGG 1'333'212 0.89 1'892 14.05.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'133'457 0.76 (54'000) 28.09.2012 Investment Advisor SMITH EDGAR A n/a SEDI 1'120'359 0.75 39'286 14.02.2011 n/a NORTHWEST MUTUAL FUN Multiple Portfolios MF-AGG 1'113'156 0.75 (30'100) 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'050'881 0.71 (99'119) 29.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'028'750 0.69 - 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 994'950 0.67 331'100 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL SIPERCO outperform 5 M 9 12 month 15.05.2013 Stonecap Securities Inc CHRISTOS DOULIS outperform 5 M 10 12 month 15.05.2013 BMO Capital Markets ANDREW KAIP outperform 5 M 12 Not Provided 14.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 11 12 month 14.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector perform 3 M 8 12 month 14.05.2013 Canaccord Genuity Corp RAHUL PAUL buy 5 M 11 Not Provided 14.05.2013 GMP ANDREW MIKITCHOOK buy 5 M 15 12 month 14.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 14.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 14 12 month 23.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 12 12 month 27.03.2013 Mine2Capital Inc ALKA SINGH sell 1 M 8 Not Provided 26.02.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 Holdings By: Argonaut Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 68.
    16.05.2013 Torex Gold ResourcesInc. is a mining company dedicated to the exploration and development of precious metal resources with a focus on gold. The Company's Morelos Project is an advanced stage gold exploration property located in the state of Guerrero, southwest of Mexico City. Latest Fiscal Year: 10/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 2.29 52-Week Low (15.04.2013) 1.19 Daily Volume 1.43 52-Week High % Change -37.55% Dividend Yield 0.00 52-Week Low % Change 20.17% Beta 1.04 % 52 Week Price Range High/Low 21.82% Equity Float 604.09 Shares Out 30.04.2013 606.5 Short Int 2.40 867.30 1 Yr Total Return -4.67% Total Debt 0.00 YTD Return -35.00% Preferred Stock 0.0 Adjusted BETA 1.038 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 423.29 Consensus Rating 4.667 Enterprise Value 486.57 Average Volume 5 Day 4'257'434 TXG CN EQUITY YTD Change - Average Volume 30 Day 4'141'879 TXG CN EQUITY YTD % CHANGE - Average Volume 3 Month 3'646'038 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.10.2008 31.10.2009 31.10.2010 31.10.2011 31.10.2012 01/yy 03/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! (0.3) (1.1) (18.0) (34.1) (60.4) (40.3) (64.4) (61.7) (60.9) (15.2) (15.2) - - - - - 0.00x 0.00x - - - - (0.3) (1.0) (16.4) (33.9) (61.2) (39.9) (66.0) (57.6) (64.1) (12.7) (13.0) - - - - - 0.00x 0.00x - - - - EBITDA -60.39 Long-Term Rating Date - EBIT -60.89 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -14.08% Short-Term Rating - Return on Common Equity -14.28% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 50.56 Net Fixed Asset Turnover 0.00 Quick Ratio 50.21 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Torex Gold Resources Inc Price/Volume Valuation Analysis 10'755'520.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 69.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type TYRUS CAPITAL S.A.M. #N/A N/A Co File 92'450'000 15.24 6'150'000 30.04.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 60'515'402 9.98 (827'068) 15.05.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 34'109'990 5.62 (42'200) 31.03.2013 Hedge Fund Manager GCIC LTD/CANADA Multiple Portfolios MF-AGG 25'131'050 4.14 14'571'050 28.02.2013 Investment Advisor FMR LLC n/a ULT-AGG 22'706'997 3.74 2'147'411 31.12.2012 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 20'684'500 3.41 (915'500) 28.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 18'072'377 2.98 1'674'300 28.03.2013 Bank INVESCO LTD n/a ULT-AGG 11'270'799 1.86 1'434'766 15.05.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 6'062'900 1 (1'969'100) 29.03.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 5'808'000 0.96 (931'500) 27.12.2012 Hedge Fund Manager BLACKROCK n/a ULT-AGG 5'297'720 0.87 7'700 14.05.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 5'250'000 0.87 5'250'000 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 5'133'800 0.85 150'000 31.12.2012 Hedge Fund Manager AMERICAN CENTURY COM Multiple Portfolios MF-AGG 5'129'653 0.85 - 31.03.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 5'036'452 0.83 - 31.03.2013 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 4'657'714 0.77 - 15.05.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 3'217'000 0.53 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'027'518 0.5 391'260 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'949'500 0.49 2'500'000 27.03.2013 Investment Advisor BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 2'809'056 0.46 (245'778) 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS speculative outperform 4 M 3 Not Provided 07.05.2013 Industrial Alliance Securities MERRILL MCHENRY buy 5 M 2 12 month 06.05.2013 Stifel MICHAEL A SCOON buy 5 M 3 12 month 03.05.2013 Macquarie PIERRE VAILLANCOURT outperform 5 M 3 12 month 25.04.2013 TD Securities DANIEL EARLE hold 3 M 2 12 month 23.04.2013 GMP GEORGE V ALBINO buy 5 M 3 12 month 15.04.2013 Clarus Securities JAMIE SPRATT buy 5 N 3 12 month 07.03.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 3 12 month 07.01.2013 Scotia Capital TREVOR TURNBULL sector outperform 5 M 3 12 month 31.10.2012 Holdings By: Torex Gold Resources Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 70.
    16.05.2013 LionGold Corp isan investment holding company focusing on gold mining, mine development and exploration globally. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (26.07.2012) 1.30 52-Week Low (23.05.2012) 0.96 Daily Volume 1.14 52-Week High % Change -12.31% Dividend Yield 0.00 52-Week Low % Change 18.75% Beta 0.61 % 52 Week Price Range High/Low 52.94% Equity Float 736.17 Shares Out 16.05.2013 921.9 Short Int - 1'051.01 1 Yr Total Return 16.92% Total Debt 31.11 YTD Return 4.11% Preferred Stock 0.0 Adjusted BETA 0.612 Minority Interest (3.0) Analyst Recs 2 Cash and Equivalents 31.66 Consensus Rating 3.000 Enterprise Value 1'012.39 Average Volume 5 Day 14'727'200 LIGO SP EQUITY YTD Change - Average Volume 30 Day 18'051'800 LIGO SP EQUITY YTD % CHANGE - Average Volume 3 Month 17'475'350 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 72.0 79.8 70.4 83.9 98.0 77.1 111.8 111.0 143.0 - - 0.64x 0.56x 3.80x 6.95x 7.95x 24.11x 33.63x - - - - 0.4 (3.7) 3.1 4.0 (5.3) (9.1) (18.2) - - - - 114.85x - 84.96x 144.70x - 0.00x 0.00x - - - - (4.7) (5.0) 2.9 0.9 (27.8) (15.1) (18.5) 4.9 10.1 - - - - 92.86x 740.91x - 0.00x 0.00x 190.00x 87.69x - - EBITDA -5.31 Long-Term Rating Date - EBIT -6.26 Long-Term Rating - Operating Margin -6.39% Long-Term Outlook - Pretax Margin -31.95% Short-Term Rating Date - Return on Assets -13.46% Short-Term Rating - Return on Common Equity -23.76% Return on Capital - EBITDA/Interest Exp. -1.79 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. -2.01 Net Debt/EBITDA -15.19 Gross Margin 10.5% Total Debt/EBITDA 25.31 EBITDA Margin 1.5% EBIT Margin -1.4% Total Debt/Equity 93.4% Net Income Margin -28.4% Total Debt/Capital 50.7% Asset Turnover 0.55 Current Ratio 2.52 Net Fixed Asset Turnover 7.06 Quick Ratio 1.58 Accounts receivable turnover-days 88.47 Debt to Assets 33.89% Inventory Days 45.83 Tot Debt to Common Equity 93.42% Accounts Payable Turnover Day 145.53 Accounts Receivable Turnover 4.14 Cash Conversion Cycle 2.67 Inventory Turnover 7.99 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended LionGold Corp Ltd Price/Volume Valuation Analysis 8'437'000.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 40.0 M 45.0 M 50.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 71.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ASIASONS INVESTMENT n/a EXCH 77'500'000 8.41 - 28.03.2013 Holding Company VAN ECK ASSOCIATES C n/a ULT-AGG 59'245'000 6.43 4'746'000 15.05.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 48'666'000 5.28 3'500'000 28.03.2013 Investment Advisor VENATON HOLDINGS LIM n/a EXCH 42'100'000 4.57 - 06.11.2012 Holding Company FORTE SERVICES LIMIT n/a EXCH 40'000'000 4.34 - 06.11.2012 Other NOMURA n/a ULT-AGG 39'154'410 4.25 - 09.04.2013 Unclassified CREDIT SUISSE AG n/a EXCH 29'800'996 3.23 (2'001'000) 04.12.2012 Investment Advisor BIN ABDUL DAI MD WIR n/a EXCH 16'425'000 1.78 - 06.11.2012 n/a NORGES BANK Multiple Portfolios MF-AGG 13'066'202 1.42 - 31.12.2012 Government DMG & PARTNERS SECUR n/a Co File 7'600'000 0.82 - 29.06.2012 Unclassified VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'139'691 0.45 (8'000) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 2'721'000 0.3 47'000 31.07.2012 Investment Advisor NG YICK HING NICHOLA n/a EXCH 2'000'000 0.22 2'000'000 14.02.2013 n/a BLACKROCK n/a ULT-AGG 1'980'000 0.21 - 14.05.2013 Investment Advisor JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 611'000 0.07 45'000 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 430'000 0.05 10'000 15.05.2013 Investment Advisor CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 303'000 0.03 - 15.05.2013 Investment Advisor SCANLAN GARY FRANCIS n/a EXCH 135'005 0.01 - 08.10.2012 n/a INVESCO LTD n/a ULT-AGG 120'000 0.01 - 15.05.2013 Investment Advisor HARTFORD INVESTMENT Multiple Portfolios MF-AGG 39'622 0 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013 SIAS Research Pte Ltd JINSHU LIU overweight 5 M 1 12 month 10.07.2012 Holdings By: LionGold Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 72.
    16.05.2013 China Gold InternationalResources Corp Ltd. is a mining company focused on the exploration and development of gold projects in inner Mongolia and copper projects in Tibet Autonomous Region of China. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 4.65 52-Week Low (31.07.2012) 2.30 Daily Volume 2.73 52-Week High % Change -41.29% Dividend Yield 0.00 52-Week Low % Change 18.70% Beta 1.35 % 52 Week Price Range High/Low 18.30% Equity Float 240.39 Shares Out 30.04.2013 396.4 Short Int 1.52 1'082.06 1 Yr Total Return -11.36% Total Debt 212.93 YTD Return -19.94% Preferred Stock 0.0 Adjusted BETA 1.348 Minority Interest 8.1 Analyst Recs 7 Cash and Equivalents 181.74 Consensus Rating 3.857 Enterprise Value 1'101.94 Average Volume 5 Day 227'206 CGG CN EQUITY YTD Change - Average Volume 30 Day 331'250 CGG CN EQUITY YTD % CHANGE - Average Volume 3 Month 342'408 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 29.4 81.0 133.2 311.3 332.4 353.5 331.5 354.5 636.3 - - 3.54x 7.07x 15.60x 2.82x 4.21x 14.89x 12.60x 3.55x 1.98x - - (0.1) 25.0 69.3 140.5 138.7 145.6 118.9 153.5 244.5 - - - 22.93x 29.97x 6.24x 10.08x 12.87x 0.00x 7.18x 4.51x - - 14.6 (9.3) 26.2 79.4 70.9 89.1 73.1 65.3 95.3 - - 36.15x - 39.69x 13.23x 19.15x 22.91x 20.27x 16.75x 14.65x - - EBITDA 138.66 Long-Term Rating Date - EBIT 99.49 Long-Term Rating - Operating Margin 29.93% Long-Term Outlook - Pretax Margin 29.99% Short-Term Rating Date - Return on Assets 4.00% Short-Term Rating - Return on Common Equity 5.37% Return on Capital 5.34% EBITDA/Interest Exp. 11.05 Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -6.09 Net Debt/EBITDA 0.22 Gross Margin 37.6% Total Debt/EBITDA 1.54 EBITDA Margin 41.7% EBIT Margin 29.9% Total Debt/Equity 15.7% Net Income Margin 21.3% Total Debt/Capital 13.5% Asset Turnover 0.19 Current Ratio 1.57 Net Fixed Asset Turnover 0.24 Quick Ratio 1.26 Accounts receivable turnover-days 13.92 Debt to Assets 11.79% Inventory Days 57.83 Tot Debt to Common Equity 15.66% Accounts Payable Turnover Day 121.78 Accounts Receivable Turnover 26.30 Cash Conversion Cycle -50.04 Inventory Turnover 6.33 Fiscal Year Ended China Gold International Resources Corp Ltd Price/Volume Valuation Analysis 368'171.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 73.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type CHINA NATIONAL GOLD n/a SEDI 155'794'830 39.31 184'200 30.09.2011 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 19'367'676 4.89 - 15.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 3'766'753 0.95 - 31.12.2012 Government BLACKROCK n/a ULT-AGG 1'952'963 0.49 3'082 14.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'685'900 0.43 - 28.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 911'636 0.23 11'974 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 890'593 0.22 33'750 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 170'322 0.04 - 15.05.2013 Investment Advisor HE YINGBIN n/a SEDI 160'000 0.04 40'000 09.01.2013 n/a TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 151'700 0.04 53'000 31.12.2012 Investment Advisor SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 150'000 0.04 - 28.02.2013 Investment Advisor MARLBOROUGH FUND MAN Multiple Portfolios MF-AGG 146'950 0.04 - 01.11.2012 Investment Advisor STATE STREET n/a ULT-AGG 127'028 0.03 2'580 15.05.2013 Investment Advisor DAIWA SB INVESTMENT Multiple Portfolios MF-AGG 100'000 0.03 - 11.01.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 97'155 0.02 - 31.12.2012 Bank OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 90'000 0.02 - 31.01.2013 Investment Advisor INDEXIQ ADVISORS LLC Multiple Portfolios MF-AGG 88'342 0.02 - 15.05.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 74'886 0.02 (1'515) 31.12.2012 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 59'705 0.02 - 31.01.2013 Investment Advisor SUN LIFE FINANCIAL I n/a ULT-AGG 57'376 0.01 1'243 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd CHRIS JIANG buy 5 M 4 Not Provided 16.05.2013 Guotai Junan KEVIN GUO neutral 3 D 3 Not Provided 22.04.2013 Credit Suisse OWEN LIANG neutral 3 M 3 Not Provided 09.04.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 02.04.2013 BOCOM International Holdings BENJAMIN PEI long-term buy 5 M 4 Not Provided 28.03.2013 Citic Securities Co., Ltd SONG XIAOQING overweight 5 N 4 6 month 14.01.2013 CCB International Securities Ltd KIN CHUNG LI outperform 5 M 4 Not Provided 12.09.2012 GuoSen Securities Co Ltd CHENGMING GAO buy 5 M 5 12 month 02.02.2012 Holdings By: China Gold International Resources Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 74.
    16.05.2013 Perseus Mining Limitedis a mineral exploration Company. The Company explores for gold in West Africa and Central Asia regions. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 3.07 52-Week Low (15.05.2013) 1.18 Daily Volume 1.19 52-Week High % Change -61.24% Dividend Yield - 52-Week Low % Change 1.28% Beta 1.40 % 52 Week Price Range High/Low 0.79% Equity Float 446.89 Shares Out 01.01.2013 458.0 Short Int 0.32 544.97 1 Yr Total Return -48.71% Total Debt 60.26 YTD Return -45.91% Preferred Stock 0.0 Adjusted BETA 1.398 Minority Interest (0.6) Analyst Recs 23 Cash and Equivalents 105.50 Consensus Rating 4.348 Enterprise Value 508.87 Average Volume 5 Day 1'359'431 PRU CN EQUITY YTD Change - Average Volume 30 Day 2'138'338 PRU CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'749'024 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 - - 0.0 0.0 144.7 0.0 291.8 312.5 398.6 96.1 116.0 - - - - 7.53x #DIV/0! 11.32x 1.61x 1.36x - - (5.5) (3.3) (10.1) (32.0) 55.3 (46.3) 167.9 124.5 167.3 - - - - - - 19.72x 0.00x 0.00x 4.09x 3.04x - - (4.8) (4.8) (9.7) (48.2) 47.2 24.8 44.6 58.5 86.0 26.0 34.1 - - - - - 0.00x 0.00x 9.37x 6.14x 5.13x 4.48x EBITDA 55.28 Long-Term Rating Date - EBIT 45.11 Long-Term Rating - Operating Margin 31.18% Long-Term Outlook - Pretax Margin 41.62% Short-Term Rating Date - Return on Assets 12.17% Short-Term Rating - Return on Common Equity 17.73% Return on Capital - EBITDA/Interest Exp. 28.41 Asset Turnover - (EBITDA-Capex)/Interest Exp. 26.49 Net Debt/EBITDA -0.31 Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 16.7% Net Income Margin 32.6% Total Debt/Capital 14.3% Asset Turnover - Current Ratio 1.55 Net Fixed Asset Turnover - Quick Ratio 1.13 Accounts receivable turnover-days - Debt to Assets 11.39% Inventory Days - Tot Debt to Common Equity 16.72% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Perseus Mining Ltd Price/Volume Valuation Analysis 1'705'127.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 75.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type THE BANK OF NOVA SCO n/a EXCH 44'475'800 9.71 (5'324'430) 22.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 43'695'232 9.54 - 15.05.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 38'604'803 8.43 (49'197) 28.02.2013 Investment Advisor WELLINGTON MANAGEMEN n/a EXCH 21'999'741 4.8 (2'286'330) 05.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 13'439'700 2.93 930'000 31.01.2013 Holding Company JP MORGAN n/a ULT-AGG 11'009'300 2.4 29'000 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 10'294'000 2.25 - 30.06.2012 Investment Advisor FMR LLC n/a ULT-AGG 8'160'134 1.78 520'000 31.03.2013 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 6'800'650 1.48 - 15.05.2013 Investment Advisor IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 6'459'171 1.41 300'000 31.03.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'921'800 1.29 500'000 28.02.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 5'531'332 1.21 392'732 31.12.2012 Hedge Fund Manager MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 5'295'993 1.16 - 28.03.2013 Investment Advisor SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 4'921'700 1.07 - 28.02.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 4'839'476 1.06 661'134 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 4'610'900 1.01 - 28.09.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'000'000 0.87 - 31.12.2012 Investment Advisor CALDERWOOD MARK ANDR n/a EXCH 3'600'000 0.79 - 31.01.2013 n/a BLACKROCK n/a ULT-AGG 3'173'872 0.69 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'109'619 0.68 443'404 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie PIERRE VAILLANCOURT outperform 5 M 2 12 month 16.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 2 12 month 13.05.2013 Canaccord Genuity Corp REG SPENCER buy 5 M 2 12 month 13.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 3 12 month 13.05.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 2 Not Provided 29.04.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 2 12 month 24.04.2013 Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 2 12 month 22.04.2013 Cormark Securities Inc. MIKE KOZAK market perform 3 M 3 12 month 22.04.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 22.04.2013 BMO Capital Markets ANDREW BREICHMANAS outperform 5 M 3 Not Provided 19.04.2013 JPMorgan JOSEPH KIM overweight 5 M 2 6 month 19.04.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 3 Not Provided 19.04.2013 CIMB JAMES STEWART outperform 5 M 3 12 month 19.04.2013 GMP LEVI SPRY buy 5 M 3 12 month 19.04.2013 Commonwealth Bank ANDREW KNUCKEY neutral 3 M 2 12 month 16.04.2013 Dundee Securities Corp JOSH WOLFSON buy 5 M 3 Not Provided 12.04.2013 Nomura DAVID RADCLYFFE suspended coverage #N/A N/A M #N/A N/A Not Provided 12.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 05.04.2013 Bell Potter STEPHEN THOMAS hold 3 M 3 12 month 16.01.2013 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 03.01.2013 Holdings By: Perseus Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 76.
    16.05.2013 Sandstorm Gold Ltd.acquires gold purchase agreements with companies that have advanced stage development projects or operating mines. The Company makes an upfront cash payment to its partners and receives the right to purchase a percentage of the gold produced, for the life of the mine, at a fixed price per ounce. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (05.10.2012) 14.99 52-Week Low (17.04.2013) 6.47 Daily Volume 7 52-Week High % Change -53.30% Dividend Yield 0.00 52-Week Low % Change 8.19% Beta 1.22 % 52 Week Price Range High/Low 6.22% Equity Float 82.73 Shares Out 30.04.2013 90.2 Short Int 2.97 631.48 1 Yr Total Return -7.28% Total Debt 0.00 YTD Return -40.12% Preferred Stock 0.0 Adjusted BETA 1.217 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 127.36 Consensus Rating 4.000 Enterprise Value 566.85 Average Volume 5 Day 329'411 SSL CN EQUITY YTD Change - Average Volume 30 Day 423'610 SSL CN EQUITY YTD % CHANGE - Average Volume 3 Month 459'821 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 - 0.0 3.1 30.0 55.9 39.8 57.8 71.1 95.3 - - - - 72.23x 12.63x 15.79x 42.83x 46.72x - - - - - - (0.2) 19.1 36.6 27.3 35.3 44.7 74.1 - - - - - 19.80x 24.12x 22.74x 7.87x 12.68x 7.65x - - (0.1) (0.4) (2.8) 12.5 21.9 15.9 5.4 15.0 23.6 - - - - 80.46x 39.35x 47.00x 47.06x 55.67x 37.76x 17.99x 29.01x 23.87x EBITDA 36.63 Long-Term Rating Date - EBIT 21.91 Long-Term Rating - Operating Margin 39.17% Long-Term Outlook - Pretax Margin 45.00% Short-Term Rating Date - Return on Assets 1.77% Short-Term Rating - Return on Common Equity 1.95% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.75 Gross Margin 78.7% Total Debt/EBITDA 0.00 EBITDA Margin 61.0% EBIT Margin 33.3% Total Debt/Equity 0.0% Net Income Margin 39.2% Total Debt/Capital 0.0% Asset Turnover 0.19 Current Ratio 27.97 Net Fixed Asset Turnover 0.27 Quick Ratio 24.35 Accounts receivable turnover-days 13.15 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 27.76 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Sandstorm Gold Ltd Price/Volume Valuation Analysis 299'905.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 16 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 77.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 6'287'563 6.97 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 5'862'520 6.5 (37'200) 31.03.2013 Investment Advisor LIBRA ADVISORS LLC n/a SEDI 4'928'760 5.46 - 03.08.2011 Hedge Fund Manager ARIAS RESOURCE CAPIT n/a SEDI 4'840'000 5.37 - 25.02.2010 Private Equity WELLS FARGO n/a ULT-AGG 3'147'295 3.49 103'625 31.03.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 2'876'862 3.19 242'100 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'292'300 2.54 1'250'000 31.03.2013 Investment Advisor MASON HILL ADVISORS MASON HILL ADVISORS 13F 1'836'404 2.04 1'836'404 31.03.2013 Hedge Fund Manager ROYAL BANK OF CANADA n/a ULT-AGG 1'236'912 1.37 (216'668) 31.03.2013 Bank AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'086'266 1.2 607 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'065'600 1.18 (314'400) 31.12.2012 Investment Advisor MONTRUSCO BOLTON INV MONTRUSCO BOLTON INV 13F 1'010'000 1.12 153'250 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'009'660 1.12 (163'340) 29.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'005'674 1.11 (92'716) 31.03.2013 Investment Advisor WATSON NOLAN ALLAN n/a SEDI 930'000 1.03 - 19.06.2012 n/a GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 777'820 0.86 - 31.12.2011 Investment Advisor FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 767'280 0.85 (22'700) 30.11.2012 Investment Advisor DE WITT DAVID E n/a SEDI 767'000 0.85 - 10.05.2012 n/a AWRAM DAVID I n/a SEDI 759'100 0.84 (3'400) 04.01.2013 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 594'946 0.66 (60'200) 31.03.2013 Pension Fund (ERISA) Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. RICHARD GRAY buy 5 M 14 12 month 10.05.2013 TD Securities DANIEL EARLE hold 3 M 9 12 month 10.05.2013 National Bank Financial SHANE NAGLE outperform 5 M 13 12 month 10.05.2013 Casimir Capital ERIC WINMILL buy 5 M 14 12 month 10.05.2013 EVA Dimensions CRAIG STERLING sell 1 D #N/A N/A Not Provided 10.05.2013 RBC Capital Markets DAN ROLLINS outperform 5 M 10 12 month 09.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 11 Not Provided 09.05.2013 Paradigm Capital Inc DON MACLEAN buy 5 M 16 12 month 01.04.2013 Euro Pacific Capital Inc HEIKO IHLE neutral 3 M 13 12 month 29.01.2013 Holdings By: Sandstorm Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 78.
    16.05.2013 OceanaGold Corporation isa gold mining and exploration company. The Company currently owns interests in projects in New Zealand and the Philippines. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (22.10.2012) 3.70 52-Week Low (23.05.2012) 1.70 Daily Volume 1.81 52-Week High % Change -51.08% Dividend Yield 0.00 52-Week Low % Change 6.47% Beta 2.08 % 52 Week Price Range High/Low 5.50% Equity Float 287.46 Shares Out 30.04.2013 293.5 Short Int 1.10 531.27 1 Yr Total Return -1.09% Total Debt 266.87 YTD Return -36.49% Preferred Stock 0.0 Adjusted BETA 2.084 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 96.50 Consensus Rating 4.800 Enterprise Value 744.14 Average Volume 5 Day 630'254 OGC CN EQUITY YTD Change - Average Volume 30 Day 980'369 OGC CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'158'929 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 217.2 237.1 305.6 395.6 385.4 393.4 392.5 586.3 636.3 137.0 156.0 0.77x 1.89x 3.30x 1.61x 2.62x 7.19x 9.75x 1.08x 0.88x 4.71x 4.06x 63.7 106.6 141.1 164.3 144.5 145.7 169.3 227.5 218.0 50.5 65.9 2.62x 4.20x 7.15x 3.88x 7.00x 5.58x 6.24x 3.27x 3.41x 3.33x 3.34x (54.7) 54.5 44.4 44.2 20.7 25.5 31.6 52.1 57.7 10.7 21.6 - 5.68x 18.76x 13.02x 35.81x 26.83x 25.85x 8.08x 5.73x 6.71x 6.35x EBITDA 144.50 Long-Term Rating Date - EBIT 53.12 Long-Term Rating - Operating Margin 13.78% Long-Term Outlook - Pretax Margin 8.37% Short-Term Rating Date - Return on Assets 3.38% Short-Term Rating - Return on Common Equity 5.67% Return on Capital 6.12% EBITDA/Interest Exp. 5.98 Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. -6.04 Net Debt/EBITDA 1.31 Gross Margin 17.7% Total Debt/EBITDA 1.48 EBITDA Margin 43.1% EBIT Margin 17.9% Total Debt/Equity 43.8% Net Income Margin 5.4% Total Debt/Capital 30.4% Asset Turnover 0.42 Current Ratio 0.93 Net Fixed Asset Turnover 0.57 Quick Ratio 0.56 Accounts receivable turnover-days 19.41 Debt to Assets 25.87% Inventory Days 88.89 Tot Debt to Common Equity 43.76% Accounts Payable Turnover Day 55.75 Accounts Receivable Turnover 18.81 Cash Conversion Cycle 17.15 Inventory Turnover 4.11 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended OceanaGold Corp Price/Volume Valuation Analysis 861'303.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 79.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BAKER STEEL CAPITAL n/a PROXY 20'669'000 7.04 - 11.05.2012 Investment Advisor AMP CAPITAL INVESTOR n/a EXCH 14'660'107 4.99 (1'119'773) 21.01.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 13'382'819 4.56 - 15.05.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 8'700'000 2.96 - 28.02.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'372'100 1.83 9'000 31.01.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'565'116 1.21 (4'700) 28.03.2013 Bank OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'560'000 1.21 - 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'252'300 1.11 43'200 31.03.2013 Investment Advisor NEW ZEALAND CENTRAL n/a PROXY 2'703'536 0.92 - 11.05.2012 Government BLACKROCK n/a ULT-AGG 2'653'232 0.9 3'724 14.05.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 1'897'338 0.65 (547'087) 15.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'631'518 0.56 275'600 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'486'726 0.51 - 31.12.2012 Government BOND STREET CUSTODIA n/a PROXY 1'284'229 0.44 - 11.05.2012 Other YANDAL INVESTMENTS P n/a PROXY 1'123'653 0.38 - 11.05.2012 Investment Advisor INTERNATIONAL MINING n/a SEDI 1'097'008 0.37 10'000 30.12.2012 Other ASKEW JAMES EDWARD n/a EXCH 1'087'008 0.37 48'360 07.02.2012 n/a SFB INVESTMENTS PTY n/a PROXY 1'000'000 0.34 - 11.05.2012 Other DEN DUYTS CORP & ASS n/a PROXY 922'855 0.31 - 11.05.2012 Investment Advisor DEUTSCHE BANK AG Multiple Portfolios MF-AGG 910'369 0.31 (53'699) 29.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Forsyth Barr ANDREW HARVEY-GREEN accumulate 4 D 3 12 month 01.05.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 3 12 month 30.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 12 month 30.04.2013 BMO Capital Markets BRIAN QUAST outperform 5 M 3 Not Provided 29.04.2013 Macquarie MICHAEL SIPERCO outperform 5 M 3 12 month 25.04.2013 Holdings By: OceanaGold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 80.
    16.05.2013 Medusa Mining Limitedis a gold exploration and mining Company. The Company has exploration projects located in Western Australia and the Philippines along with mining leases in Tasmania. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (11.10.2012) 6.70 52-Week Low (16.05.2013) 2.30 Daily Volume 2.36 52-Week High % Change -64.78% Dividend Yield 0.89 52-Week Low % Change 2.61% Beta 1.04 % 52 Week Price Range High/Low 1.44% Equity Float 168.43 Shares Out 31.12.2012 188.9 Short Int 2.71 445.81 1 Yr Total Return -50.56% Total Debt 0.00 YTD Return -56.54% Preferred Stock 0.0 Adjusted BETA 1.036 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 12.47 Consensus Rating 4.400 Enterprise Value 428.82 Average Volume 5 Day 1'931'139 MML AU EQUITY YTD Change - Average Volume 30 Day 1'961'374 MML AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'625'409 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 15.8 42.6 93.9 148.7 80.8 - - 112.7 266.9 - - 9.93x 5.99x 6.25x 8.51x 11.40x - - 3.82x 1.29x - - 4.6 30.4 73.0 120.2 57.6 - - 77.0 198.4 - - 34.16x 8.41x 8.04x 10.54x 16.00x - - 5.57x 2.16x - - (1.2) 28.5 65.8 110.4 49.2 - - 66.0 179.9 - - - 8.88x 8.74x 12.02x 18.94x - - 5.68x 2.48x - - EBITDA 57.59 Long-Term Rating Date - EBIT 47.69 Long-Term Rating - Operating Margin 59.02% Long-Term Outlook - Pretax Margin 59.50% Short-Term Rating Date - Return on Assets 16.13% Short-Term Rating - Return on Common Equity 16.84% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -0.14 Gross Margin 74.3% Total Debt/EBITDA 0.00 EBITDA Margin 69.4% EBIT Margin 56.7% Total Debt/Equity 0.0% Net Income Margin 60.9% Total Debt/Capital 0.0% Asset Turnover 0.28 Current Ratio 5.30 Net Fixed Asset Turnover 0.37 Quick Ratio 0.79 Accounts receivable turnover-days 194.30 Debt to Assets 0.00% Inventory Days 152.17 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 136.57 Accounts Receivable Turnover 1.88 Cash Conversion Cycle - Inventory Turnover 2.41 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Medusa Mining Ltd Price/Volume Valuation Analysis 2'076'693.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 81.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VANGUARD GROUP INC Multiple Portfolios MF-AGG 25'137'551 13.31 (933'152) 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 15'309'037 8.1 1'902'381 15.05.2013 Investment Advisor M&G INVESTMENT MANAG #N/A N/A EXCH 14'982'900 7.93 (2'000'000) 13.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 12'833'369 6.79 (2'752'112) 10.05.2013 Investment Advisor UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 5'096'443 2.7 912'960 30.04.2013 Investment Advisor DAVIS GEOFFREY JOHN n/a EXCH 4'102'750 2.17 50'000 03.05.2013 n/a BLACKROCK n/a ULT-AGG 3'829'377 2.03 (989) 14.05.2013 Investment Advisor FORTY TRADERS LTD n/a Co File 3'660'631 1.94 - 17.09.2012 Unclassified GOODFELLOW WILLIAM D n/a Co File 3'210'425 1.7 - 17.09.2012 n/a CEDARDALE HOLDINGS P n/a Co File 3'187'673 1.69 - 17.09.2012 Unclassified FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 2'613'520 1.38 - 30.09.2012 Hedge Fund Manager OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'500'000 1.32 500'000 31.03.2013 Investment Advisor YANDAL INVESTMENTS P n/a Co File 2'000'000 1.06 - 17.09.2012 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 1'750'000 0.93 - 31.12.2012 Investment Advisor BANQUE DE LUXEMBOURG Multiple Portfolios MF-AGG 1'628'939 0.86 28'939 28.03.2013 Investment Advisor AFDAL SAMUEL G n/a Co File 1'450'000 0.77 - 30.06.2012 n/a OLD MUTUAL n/a ULT-AGG 1'448'400 0.77 (31'235) 28.02.2013 Unclassified DANIEL ROY PHILIP n/a Co File 1'425'000 0.75 - 30.06.2012 n/a UCA AG n/a Co File 1'300'000 0.69 - 17.09.2012 Investment Advisor BARING INTERNATIONAL Multiple Portfolios MF-AGG 1'166'975 0.62 (46'992) 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank CHRIS TERRY buy 5 M 4 12 month 13.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 07.05.2013 Cantor Fitzgerald ASA BRIDLE buy 5 M 5 Not Provided 03.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 6 Not Provided 03.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 4 12 month 01.05.2013 Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 5 12 month 30.04.2013 Goldman Sachs PAUL HISSEY buy/attractive 5 M 4 12 month 24.04.2013 Blackswan Equities Ltd RHYS BRADLEY buy 5 N 7 12 month 01.03.2013 Holdings By: Medusa Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 82.
    16.05.2013 Dundee Precious MetalsInc. acquires, explores, and develops gold mining properties. The Company owns interests in mineral properties in Armenia, Bulgaria, Canada, and Serbia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 9.94 52-Week Low (15.05.2013) 4.27 Daily Volume 4.36 52-Week High % Change -56.14% Dividend Yield - 52-Week Low % Change 2.11% Beta 1.36 % 52 Week Price Range High/Low 1.59% Equity Float 94.21 Shares Out 30.04.2013 125.7 Short Int 23.96 548.02 1 Yr Total Return -30.46% Total Debt 81.77 YTD Return -48.52% Preferred Stock 0.0 Adjusted BETA 1.355 Minority Interest 7.0 Analyst Recs 9 Cash and Equivalents 123.36 Consensus Rating 4.889 Enterprise Value 513.43 Average Volume 5 Day 747'147 DPM CN EQUITY YTD Change - Average Volume 30 Day 523'719 DPM CN EQUITY YTD % CHANGE - Average Volume 3 Month 586'568 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 105.1 137.6 202.0 338.5 384.7 367.9 374.3 433.6 511.2 100.6 110.0 0.65x 2.15x 5.56x 2.84x 2.68x 10.79x 7.68x 1.04x 1.03x - - (36.2) 16.4 - - - 14.7 16.6 159.5 229.3 - - - 18.00x - - - 0.00x 0.00x 3.22x 2.24x - - (79.2) 5.1 22.9 86.1 54.4 80.0 46.9 94.1 126.1 24.8 31.9 - 44.88x 49.37x 13.48x 21.72x 16.02x 22.72x 7.88x 5.65x 6.25x 6.07x EBITDA - Long-Term Rating Date - EBIT 76.66 Long-Term Rating - Operating Margin 19.93% Long-Term Outlook - Pretax Margin 12.91% Short-Term Rating Date - Return on Assets 5.73% Short-Term Rating - Return on Common Equity 7.51% Return on Capital 4.04% EBITDA/Interest Exp. - Asset Turnover 0.41% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 40.8% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 19.9% Total Debt/Equity 10.9% Net Income Margin 14.1% Total Debt/Capital 9.8% Asset Turnover 0.41 Current Ratio 3.10 Net Fixed Asset Turnover 0.70 Quick Ratio 2.36 Accounts receivable turnover-days 47.87 Debt to Assets 8.41% Inventory Days 79.30 Tot Debt to Common Equity 10.94% Accounts Payable Turnover Day 70.69 Accounts Receivable Turnover 7.65 Cash Conversion Cycle 56.62 Inventory Turnover 4.62 Fiscal Year Ended Dundee Precious Metals Inc Price/Volume Valuation Analysis 1'462'335.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M -50.0 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 83.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type DUNDEE CORP n/a SEDI 30'629'607 24.37 35'000 26.04.2013 Holding Company US GLOBAL INVESTORS n/a Research 8'442'571 6.72 - 28.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'650'960 6.09 - 15.05.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 5'684'509 4.52 - 31.12.2012 Government UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'331'900 4.24 - 28.02.2013 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 4'734'500 3.77 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 4'514'449 3.59 4'124'249 31.12.2012 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'944'865 3.14 (432'800) 28.03.2013 Bank IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 3'634'800 2.89 (2'100) 31.01.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 3'394'800 2.7 1'314'000 31.12.2012 Investment Advisor FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 2'655'547 2.11 (12'100) 28.02.2013 Investment Advisor FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 2'369'196 1.88 (50'000) 30.09.2012 Hedge Fund Manager NATCAN INVESTMENT MA Multiple Portfolios MF-AGG 1'651'367 1.31 53'212 28.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 1'423'900 1.13 10'000 31.12.2012 Hedge Fund Manager BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 1'163'346 0.93 43'784 31.03.2013 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 988'297 0.79 - 31.01.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 771'700 0.61 (19'200) 31.01.2013 Holding Company GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 761'500 0.61 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 583'541 0.46 28'700 31.03.2013 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 578'200 0.46 (89'400) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Dundee Securities Corp JOSH WOLFSON not rated #N/A N/A M #N/A N/A Not Provided 15.05.2013 BMO Capital Markets JOHN P HAYES speculative outperform 4 M 10 Not Provided 12.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 9 12 month 10.05.2013 Cormark Securities Inc. MIKE KOZAK top pick 5 M 11 12 month 10.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 11 12 month 09.05.2013 Stifel MICHAEL A SCOON buy 5 M 9 12 month 03.05.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 16.04.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 M 11 Not Provided 11.04.2013 GMP GEORGE V ALBINO buy 5 M 15 12 month 04.03.2013 Paradigm Capital Inc DON MACLEAN buy 5 N 13 12 month 03.12.2012 Holdings By: Dundee Precious Metals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 84.
    16.05.2013 Rio Alto MiningLimited is a mineral exploration company. The Company currently is focusing on the development of La Arena gold / copper project, located in north central Peru. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (02.11.2012) 6.00 52-Week Low (15.05.2013) 3.20 Daily Volume 3.22 52-Week High % Change -46.33% Dividend Yield 0.00 52-Week Low % Change 0.62% Beta 1.08 % 52 Week Price Range High/Low 0.71% Equity Float 160.58 Shares Out 30.04.2013 175.9 Short Int 1.14 566.35 1 Yr Total Return -13.67% Total Debt 3.26 YTD Return -36.74% Preferred Stock 0.0 Adjusted BETA 1.075 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 38.61 Consensus Rating 4.200 Enterprise Value 531.00 Average Volume 5 Day 776'282 RIO CN EQUITY YTD Change - Average Volume 30 Day 776'354 RIO CN EQUITY YTD % CHANGE - Average Volume 3 Month 712'000 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.05.2008 31.05.2009 31.05.2010 31.05.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 316.5 94.7 281.1 319.2 320.3 - - - - - - 2.71x 15.20x 8.35x 1.66x - - - (2.3) (1.5) (3.9) (8.0) 173.1 61.5 107.0 136.8 139.5 - - - - - - 4.96x 0.00x 0.00x 3.88x 3.81x - - (1.9) (1.5) (12.6) (8.0) 100.4 29.2 75.6 74.1 89.2 - - - - - - 8.93x 0.00x 11.16x 7.02x 5.99x 8.73x 9.15x EBITDA 173.12 Long-Term Rating Date - EBIT 151.44 Long-Term Rating - Operating Margin 47.85% Long-Term Outlook - Pretax Margin 48.82% Short-Term Rating Date - Return on Assets 38.61% Short-Term Rating - Return on Common Equity 59.31% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 1.22% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -0.20 Gross Margin 62.4% Total Debt/EBITDA 0.02 EBITDA Margin 54.7% EBIT Margin 47.9% Total Debt/Equity 1.4% Net Income Margin 31.7% Total Debt/Capital 1.4% Asset Turnover 1.22 Current Ratio 1.61 Net Fixed Asset Turnover 1.91 Quick Ratio 0.74 Accounts receivable turnover-days 26.87 Debt to Assets 0.92% Inventory Days 50.64 Tot Debt to Common Equity 1.43% Accounts Payable Turnover Day 114.13 Accounts Receivable Turnover 21.59 Cash Conversion Cycle -36.68 Inventory Turnover 11.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rio Alto Mining Ltd Price/Volume Valuation Analysis 1'643'976.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 05.06.2009 05.12.2009 05.06.2010 05.12.2010 05.06.2011 05.12.2011 05.06.2012 05.12.2012 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 85.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA n/a 13G 28'000'700 15.92 - 31.12.2012 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 27'493'900 15.63 27'493'900 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 14'940'000 8.49 8'960'000 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 12'701'102 7.22 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 7'989'300 4.54 102'600 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'701'405 3.81 3'973'199 14.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 6'530'445 3.71 6'530'445 31.03.2013 Bank AUSCAN ASSETS LIMITE n/a SEDI 4'969'651 2.83 50'000 07.12.2012 Other NORWICH ROGER n/a SEDI 4'734'195 2.69 265'000 25.11.2011 n/a CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 4'296'000 2.44 4'296'000 31.03.2013 Investment Advisor HAWKSHAW ANTHONY GRA n/a SEDI 3'000'000 1.71 - 19.10.2011 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'902'100 1.65 2'902'100 31.03.2013 Pension Fund (ERISA) BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 2'360'802 1.34 2'360'802 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 2'068'242 1.18 2'068'242 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'970'000 1.12 1'970'000 31.03.2013 Investment Advisor GREYSTONE MANAGED IN GREYSTONE MANAGED IN 13F 1'854'700 1.05 1'854'700 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'560'100 0.89 1'560'100 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 1'351'000 0.77 1'351'000 31.03.2013 Investment Advisor INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 1'076'700 0.61 1'076'700 31.03.2013 Investment Advisor SOLDI JAIME n/a SEDI 1'028'288 0.58 126'000 02.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets MATTHEW GIBSON sector outperform 5 M 7 12 month 15.05.2013 Desjardins Securities ADAM MELNYK hold 3 M 5 12 month 15.05.2013 GMP GEORGE V ALBINO buy 5 M 8 Not Provided 15.05.2013 Clarus Securities MIKE BANDROWSKI buy 5 M 7 12 month 15.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 4 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 5 Not Provided 14.05.2013 Kallpa Securities SAB HUMBERTO LEON overweight 5 M 5 12 month 03.05.2013 Scotia Capital MARK TURNER sector perform 3 M 5 12 month 08.04.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 7 12 month 08.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 17.01.2013 Holdings By: Rio Alto Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 86.
    16.05.2013 Aurizon Mines Ltd.is a gold mining company. The Company's operations and exploration activities are located in the Abitibi region of north-western Quebec, Canada. Aurizon operates and owns an interest in the Beaufor Mine, the Sleeping Giant Mine, and the Casa Berardi property. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (19.09.2012) 5.37 52-Week Low (24.12.2012) 3.19 Daily Volume 3.81 52-Week High % Change -29.05% Dividend Yield - 52-Week Low % Change 19.44% Beta 0.96 % 52 Week Price Range High/Low 28.44% Equity Float 136.32 Shares Out 30.04.2013 164.7 Short Int 2.40 627.38 1 Yr Total Return -3.54% Total Debt 0.00 YTD Return 9.48% Preferred Stock 0.0 Adjusted BETA 0.958 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 204.71 Consensus Rating 3.000 Enterprise Value 449.51 Average Volume 5 Day 412'945 AZK US EQUITY YTD Change - Average Volume 30 Day 888'891 AZK US EQUITY YTD % CHANGE - Average Volume 3 Month 917'810 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 144.5 175.6 178.7 260.0 223.6 269.5 210.1 209.3 266.3 46.6 49.5 4.07x 3.65x 5.82x 2.31x 1.61x 9.71x 10.01x - - - - 53.5 87.5 69.8 124.9 92.2 134.3 77.9 94.0 139.0 - - 10.98x 7.32x 14.90x 4.81x 3.90x 4.46x 6.98x 4.79x 3.23x - - 4.9 36.7 17.2 43.9 31.8 49.7 20.6 27.9 51.1 3.4 4.6 - - - - - 0.00x 0.00x 29.85x 14.92x - - EBITDA 92.23 Long-Term Rating Date - EBIT 54.50 Long-Term Rating - Operating Margin 24.38% Long-Term Outlook - Pretax Margin 25.08% Short-Term Rating Date - Return on Assets 4.76% Short-Term Rating - Return on Common Equity 5.91% Return on Capital 6.03% EBITDA/Interest Exp. 107.74 Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 19.32 Net Debt/EBITDA -2.43 Gross Margin 41.0% Total Debt/EBITDA 0.00 EBITDA Margin 37.1% EBIT Margin 18.6% Total Debt/Equity 0.0% Net Income Margin 14.2% Total Debt/Capital 0.0% Asset Turnover 0.49 Current Ratio 7.30 Net Fixed Asset Turnover 1.07 Quick Ratio 6.49 Accounts receivable turnover-days 19.33 Debt to Assets 0.00% Inventory Days 49.19 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 82.16 Accounts Receivable Turnover 18.89 Cash Conversion Cycle 14.19 Inventory Turnover 7.42 Fiscal Year Ended Aurizon Mines Ltd Price/Volume Valuation Analysis 207'992.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 87.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ALAMOS GOLD INC n/a 13D 26'507'283 16.1 - 19.03.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 22'947'156 13.94 (4'072'245) 15.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 5'855'560 3.56 104'300 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 4'647'300 2.82 (159'200) 31.03.2013 Hedge Fund Manager GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 4'273'700 2.6 4'273'700 31.03.2013 Investment Advisor ALPINE ASSOCIATES AD ALPINE ASSOCIATES AD 13F 3'842'000 2.33 3'842'000 31.03.2013 Hedge Fund Manager HARVARD MANAGEMENT C HARVARD MANAGEMENT C 13F 1'707'800 1.04 1'707'800 31.03.2013 Endowment LONGFELLOW INVESTMEN LONGFELLOW INVESTMEN 13F 1'674'818 1.02 1'674'818 31.03.2013 Investment Advisor TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 1'655'218 1.01 1'655'218 28.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'584'910 0.96 45'000 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'400'000 0.85 - 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'379'219 0.84 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'304'320 0.79 (1'626'815) 31.03.2013 Pension Fund (ERISA) MORGAN STANLEY n/a ULT-AGG 1'289'081 0.78 1'097'036 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 1'264'143 0.77 1'264'143 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 1'121'404 0.68 (1'183'046) 31.03.2013 Hedge Fund Manager UBS n/a ULT-AGG 1'093'674 0.66 1'062'194 31.03.2013 Unclassified HALL DAVID P n/a SEDI 990'342 0.6 5'000 04.04.2012 n/a TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 962'464 0.58 12'062 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 955'334 0.58 (248'713) 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets BRIAN QUAST underperform 1 M 4 Not Provided 15.05.2013 Global Hunter Securities JEFF WRIGHT neutral 3 M 5 12 month 13.05.2013 Desjardins Securities ADAM MELNYK tender #N/A N/A M 5 Not Provided 10.05.2013 National Bank Financial PAOLO LOSTRITTO tender #N/A N/A M 5 12 month 10.05.2013 EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 15.03.2013 Mackie Research Capital Corp. RYAN HANLEY tender #N/A N/A M 5 Not Provided 05.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 5 12 month 04.03.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 CIBC World Markets COSMOS CHIU restricted #N/A N/A M #N/A N/A Not Provided 25.01.2013 Loewen, Ondaatje, McCutcheon Ltd MICHAEL G FOWLER buy 5 M 6 12 month 23.01.2013 Scotia Capital OVAIS HABIB restricted #N/A N/A M #N/A N/A Not Provided 21.01.2013 Holdings By: Aurizon Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 88.
    16.05.2013 Endeavour Silver Corp.is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 10.73 52-Week Low (15.05.2013) 4.05 Daily Volume 4.08 52-Week High % Change -61.98% Dividend Yield - 52-Week Low % Change 0.74% Beta 1.22 % 52 Week Price Range High/Low 0.45% Equity Float 98.17 Shares Out 30.04.2013 99.7 Short Int 1.24 406.73 1 Yr Total Return -45.96% Total Debt 9.00 YTD Return -48.29% Preferred Stock 0.0 Adjusted BETA 1.221 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 27.14 Consensus Rating 4.750 Enterprise Value 408.49 Average Volume 5 Day 1'131'951 EXK US EQUITY YTD Change - Average Volume 30 Day 1'418'660 EXK US EQUITY YTD % CHANGE - Average Volume 3 Month 1'438'925 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 39.3 50.8 86.5 128.0 208.1 141.7 228.9 238.2 279.8 - - 1.18x 3.98x 5.80x 5.79x 3.68x 18.97x 12.83x - - - - (4.5) 11.3 30.7 64.8 89.8 71.1 87.6 86.9 131.9 24.1 28.7 - 17.91x 16.36x 11.43x 8.53x 9.84x 7.11x 4.70x 3.10x - - (18.0) (1.9) (20.4) 18.8 42.1 38.0 36.7 33.9 59.8 - - - - - - - 0.00x 0.00x 9.93x 6.86x 13.83x 11.03x EBITDA 89.81 Long-Term Rating Date - EBIT 59.85 Long-Term Rating - Operating Margin 28.76% Long-Term Outlook - Pretax Margin 28.88% Short-Term Rating Date - Return on Assets 9.33% Short-Term Rating - Return on Common Equity 12.72% Return on Capital 12.20% EBITDA/Interest Exp. 185.55 Asset Turnover 0.58% (EBITDA-Capex)/Interest Exp. 48.70 Net Debt/EBITDA 0.02 Gross Margin 41.6% Total Debt/EBITDA 0.38 EBITDA Margin 38.3% EBIT Margin 23.6% Total Debt/Equity 2.6% Net Income Margin 20.2% Total Debt/Capital 2.6% Asset Turnover 0.58 Current Ratio 2.07 Net Fixed Asset Turnover 1.01 Quick Ratio 1.00 Accounts receivable turnover-days 29.04 Debt to Assets 1.88% Inventory Days 91.04 Tot Debt to Common Equity 2.65% Accounts Payable Turnover Day 52.07 Accounts Receivable Turnover 12.57 Cash Conversion Cycle 75.06 Inventory Turnover 4.01 Fiscal Year Ended Endeavour Silver Corp Price/Volume Valuation Analysis 1'438'931.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 89.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'013'149 8.04 1'059'160 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 4'503'915 4.52 (646'415) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 3'482'397 3.49 (277'402) 31.03.2013 Hedge Fund Manager NEUBERGER BERMAN LLC NEUBERGER BERMAN GRO 13F 3'118'300 3.13 224'200 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 1'502'600 1.51 95'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'141'496 1.15 (18'119) 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'110'237 1.11 (16'700) 31.03.2013 Investment Advisor COOKE BRADFORD JAMES n/a SEDI 1'085'337 1.09 (200'000) 22.04.2013 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 922'750 0.93 (71'300) 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 900'000 0.9 400'000 31.12.2012 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 836'900 0.84 25'700 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 579'250 0.58 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 558'672 0.56 77'803 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 547'823 0.55 4'210 31.12.2012 Government IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 482'200 0.48 - 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 481'933 0.48 (9'867) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 446'820 0.45 (49'400) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 364'494 0.37 193'362 31.03.2013 Investment Advisor PADCO ADVISORS INC Multiple Portfolios MF-AGG 322'181 0.32 36'380 30.04.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 298'727 0.3 (744'233) 31.03.2013 Pension Fund (ERISA) Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 6 Not Provided 13.05.2013 Salman Partners ASH GUGLANI buy 5 M 8 12 month 08.05.2013 Haywood Securities Inc. BENJAMIN ASUNCION buy 5 M 8 Not Provided 08.05.2013 Raymond James CHRIS THOMPSON outperform 5 M 9 12 month 07.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 6 12 month 07.05.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 16.04.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 N 9 Not Provided 11.04.2013 GMP CHELSEA HAMILTON buy 5 M 10 12 month 08.04.2013 Holdings By: Endeavour Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 90.
    16.05.2013 Continental Gold Ltd.is an advanced-stage exploration company. The Company has a portfolio of gold projects located in established mineral belts in Colombia, South America. Continental Gold's priorities include advanced exploration and definition drilling programs at its Buritica gold project and phase-one drilling at its Berlin project. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (12.11.2012) 10.03 52-Week Low (15.05.2013) 3.54 Daily Volume 3.62 52-Week High % Change -63.91% Dividend Yield 0.00 52-Week Low % Change 2.26% Beta 1.15 % 52 Week Price Range High/Low 1.23% Equity Float 103.24 Shares Out 30.04.2013 126.4 Short Int 0.27 457.73 1 Yr Total Return -34.30% Total Debt 0.00 YTD Return -59.10% Preferred Stock 0.0 Adjusted BETA 1.150 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 83.89 Consensus Rating 4.000 Enterprise Value 346.58 Average Volume 5 Day 267'401 CNL CN EQUITY YTD Change - Average Volume 30 Day 639'849 CNL CN EQUITY YTD % CHANGE - Average Volume 3 Month 634'223 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 - 0.0 0.0 14.0 14.0 - - - - - - - #DIV/0! #DIV/0! - - - - (0.6) (4.2) (10.7) (11.8) - (9.5) (5.0) (9.6) (9.6) - - - - - - - 0.00x 0.00x - - - - (0.6) (4.1) (119.1) 18.2 (7.9) (11.3) (13.6) (9.6) (12.8) - - - - - 38.93x - 0.00x 0.00x - - - - EBITDA -11.77 Long-Term Rating Date - EBIT -12.17 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.13% Short-Term Rating - Return on Common Equity -4.55% Return on Capital - EBITDA/Interest Exp. -141.81 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -569.05 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 8.87 Net Fixed Asset Turnover 0.00 Quick Ratio 8.87 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Continental Gold Ltd Price/Volume Valuation Analysis 479'646.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 91.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type GCIC LTD/CANADA n/a Co File 17'893'800 14.15 116'400 31.12.2012 Investment Advisor WELLINGTON MANAGEMEN n/a Co File 16'205'564 12.82 1'985'981 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 8'109'507 6.41 - 15.05.2013 Investment Advisor BULLET HOLDING CORP n/a SEDI 8'024'456 6.35 (200'000) 05.10.2012 Holding Company COASTAL FINANCING CO n/a SEDI 5'786'124 4.58 (250'000) 21.12.2012 Other ROYAL BANK OF CANADA n/a ULT-AGG 4'842'218 3.83 111'800 28.03.2013 Bank REINDEER CAPITAL LTD n/a SEDI 3'668'490 2.9 (250'000) 21.12.2012 Other SPROTT INC Multiple Portfolios MF-AGG 2'582'500 2.04 485'700 31.12.2012 Hedge Fund Manager IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 2'471'400 1.95 - 31.01.2013 Investment Advisor EXPERT FUNDING CORP n/a SEDI 2'316'327 1.83 (35'000) 02.11.2012 Corporation HARTFORD INVESTMENT Multiple Portfolios MF-AGG 2'293'942 1.81 353'535 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'216'400 1.75 (771'400) 31.03.2013 Investment Advisor CARMIGNAC GESTION Multiple Portfolios MF-AGG 2'141'942 1.69 (188'058) 29.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 1'659'000 1.31 329'000 28.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'567'461 1.24 495'815 31.03.2013 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'523'400 1.2 1'523'400 31.12.2012 Investment Advisor SUSSMAN ARI B n/a SEDI 1'149'151 0.91 10'606 21.08.2012 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 1'078'849 0.85 58'800 15.05.2013 Investment Advisor PENTAGON PROPERTIES n/a SEDI 1'025'000 0.81 500'000 23.04.2012 Other QUANTEX AG Multiple Portfolios MF-AGG 900'000 0.71 90'000 29.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Stifel CRAIG P STANLEY hold 3 M #N/A N/A Not Provided 03.05.2013 Clarus Securities JAMIE SPRATT speculative buy 4 M 14 12 month 03.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 9 12 month 24.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 10 12 month 23.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 GMP GEORGE V ALBINO buy 5 M 15 12 month 11.04.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 11 12 month 07.01.2013 Interbolsa SA GABRIEL BAYONA speculative buy 4 M 13 Not Provided 01.10.2012 Holdings By: Continental Gold Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 92.
    16.05.2013 Rubicon Minerals Corporationis a mineral exploration company. The Company explores for gold deposits in the Red Lake gold camp of Canada, as well as Nevada and Alaska. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.09.2012) 3.80 52-Week Low (18.04.2013) 1.44 Daily Volume 1.56 52-Week High % Change -58.95% Dividend Yield 0.00 52-Week Low % Change 8.33% Beta 1.20 % 52 Week Price Range High/Low 5.08% Equity Float 274.32 Shares Out 30.04.2013 288.5 Short Int 2.75 450.01 1 Yr Total Return -40.23% Total Debt 0.44 YTD Return -38.82% Preferred Stock 0.0 Adjusted BETA 1.201 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 171.99 Consensus Rating 4.250 Enterprise Value 302.44 Average Volume 5 Day 573'435 RMX CN EQUITY YTD Change - Average Volume 30 Day 856'914 RMX CN EQUITY YTD % CHANGE - Average Volume 3 Month 849'211 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.4) (4.6) (25.4) (21.6) (11.6) (21.9) (11.8) - - - - - - - - - 0.00x 0.00x - - - - (2.4) (0.6) (25.5) (21.4) (10.4) (21.5) (10.4) - - - - - - - - - 0.00x 0.00x - 7.80x 1560.00x 25.16x EBITDA -11.56 Long-Term Rating Date - EBIT -11.63 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -2.18% Short-Term Rating - Return on Common Equity -2.26% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.03 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.1% Net Income Margin - Total Debt/Capital 0.1% Asset Turnover 0.00 Current Ratio 10.32 Net Fixed Asset Turnover 0.00 Quick Ratio 10.29 Accounts receivable turnover-days - Debt to Assets 0.09% Inventory Days - Tot Debt to Common Equity 0.10% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rubicon Minerals Corp Price/Volume Valuation Analysis 880'101.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.0 0.0 0.1 0.1 0.1 0.1 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 93.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 28'491'142 9.88 5'755'275 31.03.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 13'783'100 4.78 423'700 31.12.2012 Investment Advisor GREYWOLF CAPITAL MAN GREYWOLF CAPITAL MAN 13F 12'987'200 4.5 3'862'200 31.03.2013 Hedge Fund Manager AGNICO-EAGLE MINES L n/a 13D 10'671'827 3.7 (11'000'000) 01.06.2012 Corporation SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 7'263'300 2.52 - 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 5'002'102 1.73 1'345'750 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 4'815'492 1.67 (22'525) 31.03.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 3'672'663 1.27 441'768 15.05.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 2'770'500 0.96 75'100 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'510'876 0.87 3'648 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'247'666 0.78 (164'800) 31.03.2013 Pension Fund (ERISA) CAPITAL TACTICS ADVI CAPITAL TACTICS ADVI 13F 1'992'710 0.69 (35'900) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'938'402 0.67 814'628 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'661'675 0.58 200'100 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'560'601 0.54 (247'212) 31.12.2012 Government ADAMSON DAVID W n/a SEDI 1'535'189 0.53 107'000 04.02.2013 n/a LOEWS CORPORATION LOEWS CORPORATION 13F 1'401'817 0.49 - 31.03.2013 Corporation SHARE SICAV Multiple Portfolios MF-AGG 1'244'300 0.43 22'000 31.12.2012 Investment Advisor D E SHAW & COMPANY I D E SHAW & CO 13F 1'175'037 0.41 (217'500) 31.03.2013 Hedge Fund Manager GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'019'385 0.35 1'019'385 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 3 Not Provided 15.04.2013 GMP GEORGE V ALBINO buy 5 M 8 12 month 18.03.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 6 Not Provided 29.01.2013 Holdings By: Rubicon Minerals Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 94.
    16.05.2013 Silvercorp Metals Inc.acquires, explores, and develops mineral properties in China. The Company is developing its Ying Silver project located in the People's Republic of China. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (14.09.2012) 6.86 52-Week Low (17.04.2013) 2.55 Daily Volume 2.6 52-Week High % Change -62.10% Dividend Yield - 52-Week Low % Change 1.96% Beta 1.01 % 52 Week Price Range High/Low 1.16% Equity Float 164.96 Shares Out 30.04.2013 170.8 Short Int 5.03 444.03 1 Yr Total Return -47.90% Total Debt 0.00 YTD Return -48.91% Preferred Stock 0.0 Adjusted BETA 1.014 Minority Interest 77.0 Analyst Recs 4 Cash and Equivalents 154.51 Consensus Rating 4.500 Enterprise Value 389.71 Average Volume 5 Day 731'770 SVM US EQUITY YTD Change - Average Volume 30 Day 1'150'804 SVM US EQUITY YTD % CHANGE - Average Volume 3 Month 1'427'932 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 108.4 83.5 107.2 167.3 238.0 236.1 192.8 201.7 256.0 - - 10.33x 3.67x 9.86x 14.29x 4.61x 25.98x 19.96x 2.24x - - - 76.7 40.4 66.4 110.3 155.3 158.2 102.5 93.2 141.0 - - 14.60x 7.59x 15.92x 21.68x 7.06x 6.33x 8.01x 4.18x 2.76x - - 59.9 (16.0) 38.5 67.7 73.8 76.2 30.6 29.5 53.8 - - - - - - - 0.00x 0.00x 12.21x 8.87x 7.88x 6.27x EBITDA 155.30 Long-Term Rating Date - EBIT 141.60 Long-Term Rating - Operating Margin 59.50% Long-Term Outlook - Pretax Margin 61.72% Short-Term Rating Date - Return on Assets 5.24% Short-Term Rating - Return on Common Equity 7.01% Return on Capital 9.37% EBITDA/Interest Exp. 1652.13 Asset Turnover 0.33% (EBITDA-Capex)/Interest Exp. 900.45 Net Debt/EBITDA -1.27 Gross Margin 74.3% Total Debt/EBITDA 0.00 EBITDA Margin 53.1% EBIT Margin 45.1% Total Debt/Equity 0.0% Net Income Margin 31.0% Total Debt/Capital 0.0% Asset Turnover 0.33 Current Ratio 4.48 Net Fixed Asset Turnover 0.54 Quick Ratio 4.16 Accounts receivable turnover-days 11.13 Debt to Assets 0.00% Inventory Days 38.51 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 156.53 Accounts Receivable Turnover 32.88 Cash Conversion Cycle -60.19 Inventory Turnover 9.50 Fiscal Year Ended Silvercorp Metals Inc Price/Volume Valuation Analysis 1'312'332.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 50.0 100.0 150.0 200.0 250.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 95.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 17'994'480 10.54 1'507'271 15.05.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 5'068'400 2.97 863'400 31.03.2013 Hedge Fund Manager ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 4'484'200 2.63 (1'325'850) 31.03.2013 Investment Advisor FENG RUI n/a SEDI 4'169'500 2.44 30'000 22.01.2013 n/a AXA n/a ULT-AGG 2'259'386 1.32 - 31.03.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 2'207'900 1.29 510'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'176'845 1.27 (33'942) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'644'860 0.96 44'900 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'393'690 0.82 - 31.03.2013 Pension Fund (ERISA) IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'333'300 0.78 25'000 31.12.2012 Investment Advisor IA CLARINGTON INVEST Multiple Portfolios MF-AGG 1'083'600 0.63 - 31.12.2012 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'065'516 0.62 (39'797) 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 976'053 0.57 (301'811) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 961'280 0.56 55'500 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 888'000 0.52 - 31.03.2013 Investment Advisor GAO JIANGUO n/a SEDI 803'713 0.47 2'990 16.09.2011 n/a ROYAL BANK OF CANADA n/a ULT-AGG 701'217 0.41 157'314 31.03.2013 Bank UBS n/a ULT-AGG 653'024 0.38 (49'295) 31.03.2013 Unclassified SIMPSON S PAUL n/a PROXY 648'005 0.38 - 17.08.2012 n/a GOLDMAN SACHS GROUP GOLDMAN SACHS GROUP 13F 644'603 0.38 (50'126) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 5 Not Provided 13.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 7 12 month 24.04.2013 Salman Partners ASH GUGLANI buy 5 M 7 12 month 17.04.2013 EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 09.04.2013 Knight TEAM COVERAGE strong buy 5 M 13 12 month 20.09.2011 Holdings By: Silvercorp Metals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 96.
    16.05.2013 Evolution Mining Ltdis a gold exploration company with operations in Western Australia. The Company owns the gold mines - Cracow, Edna May, Mt Rawdon and Pajingo - and the Mt Carlton development project. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (23.10.2012) 2.14 52-Week Low (24.04.2013) 0.83 Daily Volume 0.83 52-Week High % Change -61.21% Dividend Yield 0.00 52-Week Low % Change 0.00% Beta 1.28 % 52 Week Price Range High/Low 8.02% Equity Float 442.71 Shares Out 31.12.2012 708.1 Short Int 22.07 587.72 1 Yr Total Return -38.06% Total Debt 35.85 YTD Return -51.46% Preferred Stock 0.0 Adjusted BETA 1.279 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 141.78 Consensus Rating 4.071 Enterprise Value 622.80 Average Volume 5 Day 4'735'785 EVN AU EQUITY YTD Change - Average Volume 30 Day 4'688'599 EVN AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'561'535 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - 22.3 121.9 469.5 - - 613.6 701.9 - - - - 13.04x 2.11x 2.00x - - 1.15x 0.93x - - (2.3) (3.3) 2.9 29.7 190.4 - - 234.4 289.2 - - - - 99.74x 8.65x 4.92x - - 2.66x 2.15x - - (2.3) (3.3) 5.5 (2.3) 37.3 - - 57.8 82.4 - - - - 41.35x - 20.77x - - 9.88x 7.22x - - EBITDA 190.41 Long-Term Rating Date - EBIT 95.24 Long-Term Rating - Operating Margin 20.29% Long-Term Outlook - Pretax Margin 14.16% Short-Term Rating Date - Return on Assets 7.60% Short-Term Rating - Return on Common Equity 9.11% Return on Capital 9.13% EBITDA/Interest Exp. 27.52 Asset Turnover 0.50% (EBITDA-Capex)/Interest Exp. -3.81 Net Debt/EBITDA 0.16 Gross Margin 28.1% Total Debt/EBITDA 0.39 EBITDA Margin 33.6% EBIT Margin 21.2% Total Debt/Equity 3.4% Net Income Margin 7.9% Total Debt/Capital 3.3% Asset Turnover 0.50 Current Ratio 1.60 Net Fixed Asset Turnover 0.63 Quick Ratio 1.17 Accounts receivable turnover-days 15.57 Debt to Assets 2.82% Inventory Days 40.32 Tot Debt to Common Equity 3.39% Accounts Payable Turnover Day 62.99 Accounts Receivable Turnover 23.51 Cash Conversion Cycle 6.10 Inventory Turnover 9.08 Fiscal Year Ended Evolution Mining Ltd Price/Volume Valuation Analysis 4'029'300.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 500.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 97.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type NEWCREST MINING LTD n/a Co File 231'082'631 32.63 - 17.09.2012 Corporation ALLAN GRAY AUSTRALIA #N/A N/A EXCH 69'618'085 9.83 9'983'115 09.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 43'595'715 6.16 - 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 19'201'488 2.71 (2'500) 14.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 11'341'660 1.6 - 27.12.2012 Hedge Fund Manager WALKER DONALD ROBIN n/a Co File 6'015'385 0.85 - 17.09.2012 n/a KLEIN JACOB n/a EXCH 5'800'000 0.82 50'000 05.02.2013 n/a Trinity Management P n/a Co File 5'382'930 0.76 - 17.09.2012 Unclassified OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 5'000'000 0.71 - 31.03.2013 Investment Advisor AMP LIFE LTD n/a Co File 4'933'179 0.7 - 17.09.2012 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'500'000 0.64 - 31.12.2012 Investment Advisor LUJETA PTY LTD n/a Co File 4'220'000 0.6 - 17.09.2012 Corporation FRANKLIN RESOURCES n/a ULT-AGG 4'050'000 0.57 - 28.03.2013 Investment Advisor CREASY MARK GARETH n/a Co File 3'856'176 0.54 - 17.09.2012 n/a JJ HOLDINGS (VIC) PT n/a Co File 3'552'009 0.5 - 30.08.2012 Other NORGES BANK Multiple Portfolios MF-AGG 3'182'195 0.45 - 31.12.2012 Government FMR LLC n/a ULT-AGG 3'139'480 0.44 67'263 31.10.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'701'033 0.38 302'373 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 2'493'191 0.35 (20'500) 31.03.2013 Hedge Fund Manager VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'377'918 0.34 (18'512) 30.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MITCH RYAN outperform 5 M 1 12 month 14.05.2013 Deutsche Bank CHRIS TERRY hold 3 D 1 12 month 13.05.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 1 12 month 09.05.2013 Investec TIM GERRARD buy 5 M 1 12 month 26.04.2013 RBC Capital Markets GEOFF BREEN outperform 5 M 1 12 month 24.04.2013 JPMorgan JOSEPH KIM neutral 3 M 1 9 month 24.04.2013 BBY Limited KURT WORDEN strong buy 5 M 1 12 month 24.04.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 U 1 Not Provided 23.04.2013 Paterson Securities MATTHEW TRIVETT hold 3 M 1 12 month 23.04.2013 Nomura DAVID RADCLYFFE suspended coverage #N/A N/A M #N/A N/A Not Provided 12.04.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 20.02.2013 RBS Morgans JAMES WILSON outperform 5 N 2 12 month 27.11.2012 Ord Minnett DAVID BRENNAN buy 5 M #N/A N/A Not Provided 01.11.2012 Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 26.10.2012 Bell Potter CHRIS WHITEHEAD buy 5 M 2 12 month 06.03.2012 Hartleys PETER GRAY buy 5 M 2 Not Provided 02.02.2012 Holdings By: Evolution Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 98.
    16.05.2013 China Precious MetalResources Holdings Co Ltd.through its subsidiary, mines for precious metals. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (26.11.2012) 1.62 52-Week Low (16.07.2012) 1.08 Daily Volume 1.36 52-Week High % Change -16.05% Dividend Yield 0.00 52-Week Low % Change 25.93% Beta 0.63 % 52 Week Price Range High/Low 50.00% Equity Float 3'550.71 Shares Out 31.12.2012 4'350.7 Short Int - 5'916.99 1 Yr Total Return 0.74% Total Debt 1'841.42 YTD Return -8.11% Preferred Stock - Adjusted BETA 0.626 Minority Interest - Analyst Recs 4 Cash and Equivalents 100.19 Consensus Rating 5.000 Enterprise Value 7'658.21 Average Volume 5 Day 6'086'558 1194 HK EQUITY YTD Change - Average Volume 30 Day 5'300'008 1194 HK EQUITY YTD % CHANGE - Average Volume 3 Month 7'618'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 139.5 19.4 168.2 1'119.3 1'626.0 - - 1'910.0 2'396.3 - - 1.97x 167.09x 37.32x 5.56x 5.03x - - 4.03x 3.05x - - (51.4) 5.1 116.1 824.5 1'110.5 - - 1'277.0 1'593.5 - - - 639.25x 54.07x 7.55x 7.37x - - 6.00x 4.81x - - (52.2) (29.2) 21.9 417.4 445.1 - - 569.0 679.3 - - - - 72.08x 12.00x 12.13x - - 9.38x 8.34x - - EBITDA 1'110.52 Long-Term Rating Date - EBIT 841.85 Long-Term Rating - Operating Margin 51.77% Long-Term Outlook - Pretax Margin 40.73% Short-Term Rating Date - Return on Assets 5.76% Short-Term Rating - Return on Common Equity 9.71% Return on Capital - EBITDA/Interest Exp. 6.19 Asset Turnover 0.21% (EBITDA-Capex)/Interest Exp. 0.11 Net Debt/EBITDA 1.57 Gross Margin 63.9% Total Debt/EBITDA 1.66 EBITDA Margin 68.3% EBIT Margin 51.8% Total Debt/Equity 32.9% Net Income Margin 27.4% Total Debt/Capital 24.7% Asset Turnover 0.21 Current Ratio 0.47 Net Fixed Asset Turnover 1.11 Quick Ratio 0.30 Accounts receivable turnover-days 34.07 Debt to Assets 19.79% Inventory Days 39.24 Tot Debt to Common Equity 32.85% Accounts Payable Turnover Day 135.77 Accounts Receivable Turnover 10.74 Cash Conversion Cycle -62.45 Inventory Turnover 9.33 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended China Precious Metal Resources Holdings Co Ltd Price/Volume Valuation Analysis 42'412'001.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 20.0 M 40.0 M 60.0 M 80.0 M 100.0 M 120.0 M 140.0 M 160.0 M 180.0 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 3'500.0 4'000.0 4'500.0 5'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 99.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type MUNSUN GL MINING INV n/a EXCH 312'576'000 7.18 (126'190'000) 02.05.2013 Investment Advisor YIM YANG CHANG n/a EXCH 307'206'000 7.06 24'900'000 26.10.2012 n/a ASWELL GROUP LTD n/a EXCH 257'196'670 5.91 - 16.10.2012 Other VAN ECK ASSOCIATES C n/a ULT-AGG 221'008'000 5.08 - 15.05.2013 Investment Advisor BANK OF NEW YORK MEL n/a EXCH 217'908'000 5.01 - 22.01.2013 Investment Advisor PREMIUM WISE INC n/a EXCH 187'636'382 4.31 (679'470'000) 08.11.2012 Holding Company DIMENSIONAL FUND ADV n/a ULT-AGG 25'326'000 0.58 - 31.01.2013 Investment Advisor SIMPLE BEST LTD n/a EXCH 16'682'000 0.38 (50'000'000) 07.10.2011 Other NORGES BANK Multiple Portfolios MF-AGG 15'562'110 0.36 - 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 15'208'000 0.35 794'000 31.03.2013 Investment Advisor ZHANG SHU GUANG n/a EXCH 10'300'000 0.24 1'120'000 18.04.2012 n/a XIAOBING DAI n/a EXCH 10'000'000 0.23 (1'000'000) 10.04.2013 n/a BLACKROCK n/a ULT-AGG 9'512'000 0.22 - 14.05.2013 Investment Advisor CHAM LAM n/a EXCH 7'400'000 0.17 - 16.10.2012 n/a CHAM LAM n/a Short (6'000'000) -0.14 - 16.10.2012 n/a CLAYMORE ADVISORS LL Multiple Portfolios MF-AGG 4'858'000 0.11 - 15.05.2013 Investment Advisor STATE STREET n/a ULT-AGG 3'528'000 0.08 - 15.05.2013 Investment Advisor XIMIN MEI n/a Co File 2'000'000 0.05 - 31.12.2011 n/a OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 1'920'000 0.04 - 31.01.2013 Investment Advisor KIN SANG CHAN n/a Co File 800'000 0.02 - 31.12.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Daiwa Securities Co. Ltd. JOEY CHEN buy 5 N 2 Not Provided 10.05.2013 Argonaut Securities Pty Ltd CHRIS JIANG buy 5 M 2 Not Provided 19.04.2013 BOCOM International Holdings BENJAMIN PEI buy 5 M 2 Not Provided 02.04.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 17.01.2013 Holdings By: China Precious Metal Resources Holdings Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 100.
    16.05.2013 Seabridge Gold, Inc.acquires gold projects in North America. The Company expands and verifies these resources, moves them to reserves to determine their economic value, and either sells to or forms joint ventures with larger companies for mine construction and production. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 20.34 52-Week Low (18.04.2013) 9.63 Daily Volume 10.19 52-Week High % Change -49.89% Dividend Yield - 52-Week Low % Change 5.82% Beta 0.99 % 52 Week Price Range High/Low 5.23% Equity Float 41.57 Shares Out 30.04.2013 45.6 Short Int 3.88 464.22 1 Yr Total Return -19.95% Total Debt 0.00 YTD Return -43.29% Preferred Stock 0.0 Adjusted BETA 0.990 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 52.04 Consensus Rating 4.000 Enterprise Value 420.67 Average Volume 5 Day 249'532 SA US EQUITY YTD Change - Average Volume 30 Day 378'080 SA US EQUITY YTD % CHANGE - Average Volume 3 Month 377'719 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (5.6) (5.0) (5.7) (19.8) (15.8) (19.8) (5.1) (15.0) (16.0) - - - - - - - 0.00x 0.00x - - - - 10.3 (4.7) 3.3 (20.1) (12.5) (18.3) (14.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -15.82 Long-Term Rating Date - EBIT -15.83 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -5.08% Short-Term Rating - Return on Common Equity -5.37% Return on Capital - EBITDA/Interest Exp. -385.83 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1574.22 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.11 Net Fixed Asset Turnover 0.00 Quick Ratio 5.11 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Seabridge Gold Inc Price/Volume Valuation Analysis 467'017.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 5 10 15 20 25 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 101.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 12'566'447 27.58 661'363 15.05.2013 Investment Advisor PAN ATLANTIC BANK n/a PROXY 8'001'232 17.56 - 10.05.2012 Bank ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 5'837'287 12.81 (289'596) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'022'491 4.44 - 31.03.2013 Hedge Fund Manager FRONK RUDI P n/a SEDI 1'180'000 2.59 10'000 16.11.2012 n/a ANTHONY JAMES S n/a PROXY 779'791 1.71 - 15.05.2012 n/a FMR LLC n/a ULT-AGG 601'905 1.32 - 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 572'976 1.26 115'079 31.03.2013 Investment Advisor FCMI FINANCIAL CORP n/a PROXY 555'000 1.22 - 10.05.2012 Corporation BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 478'467 1.05 (203'241) 31.03.2013 Hedge Fund Manager FNDTN FOR STUDY OBJ n/a SEDI 425'334 0.93 - 06.02.2012 Other FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 415'000 0.91 (35'000) 02.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 338'868 0.74 (465'199) 14.05.2013 Investment Advisor FOX LOUIS J n/a SEDI 300'750 0.66 - 06.12.2011 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 286'420 0.63 (23'150) 31.03.2013 Investment Advisor THRELKELD WILLIAM E n/a SEDI 265'000 0.58 (10'000) 30.08.2011 n/a BANFIELD A FREDERICK n/a PROXY 245'000 0.54 - 15.05.2012 n/a NORGES BANK NORGES BANK 13F 235'224 0.52 (71'639) 31.12.2012 Government VANGUARD GROUP INC Multiple Portfolios MF-AGG 199'794 0.44 21'035 31.03.2013 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 167'000 0.37 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 64 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 M 22 12 month 08.03.2013 Nomura TYLER BRODA buy 5 M 24 Not Provided 16.05.2012 Holdings By: Seabridge Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 102.
    16.05.2013 Beadell Resources Limitedis a gold development company. The Company's primary asset is the Tucano gold project, located in Brazil. Beadell also has an extensive portfolio of gold exploration tenements throughout Australia and Brazil, including the prospective Tropicana East Project located adjacent to the Tropicana gold deposit Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (07.12.2012) 1.14 52-Week Low (16.05.2012) 0.52 Daily Volume 0.625 52-Week High % Change -44.93% Dividend Yield 0.00 52-Week Low % Change 20.19% Beta 1.31 % 52 Week Price Range High/Low 22.76% Equity Float 628.43 Shares Out 22.04.2013 786.5 Short Int 39.70 491.55 1 Yr Total Return 17.92% Total Debt 132.84 YTD Return -36.22% Preferred Stock 0.0 Adjusted BETA 1.313 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 5.38 Consensus Rating 4.643 Enterprise Value 619.01 Average Volume 5 Day 6'406'797 BDR AU EQUITY YTD Change - Average Volume 30 Day 9'031'217 BDR AU EQUITY YTD % CHANGE - Average Volume 3 Month 8'016'993 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - - - 2.9 0.0 0.9 - - 313.1 332.8 - - - - 28.44x - 976.94x - - 1.50x 1.02x - - (5.9) (3.9) (7.5) (35.3) (14.0) - - 161.1 182.5 - - - - - - - - - 3.84x 3.39x - - (5.3) (3.9) (8.3) (34.8) (43.0) - - 127.8 141.0 - - - - - - - - - 4.40x 3.68x - - EBITDA -13.98 Long-Term Rating Date - EBIT -14.11 Long-Term Rating - Operating Margin -1612.69% Long-Term Outlook - Pretax Margin -4944.23% Short-Term Rating Date - Return on Assets -22.34% Short-Term Rating - Return on Common Equity -100.81% Return on Capital - EBITDA/Interest Exp. -5.55 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -16.00 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin -1612.7% Total Debt/Equity 407.5% Net Income Margin -4913.5% Total Debt/Capital 80.3% Asset Turnover 0.00 Current Ratio 0.44 Net Fixed Asset Turnover 0.01 Quick Ratio 0.05 Accounts receivable turnover-days - Debt to Assets 53.81% Inventory Days - Tot Debt to Common Equity 407.55% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Beadell Resources Ltd Price/Volume Valuation Analysis 6'881'259.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 103.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type COLUMBIA WANGER ASSE n/a EXCH 61'627'671 7.84 386'033 18.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 57'959'639 7.37 12'464'715 15.05.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 39'552'582 5.03 - 13.05.2013 Investment Advisor COUPLAND CARDIFF ASS n/a Co File 37'132'343 4.72 - 18.02.2013 Hedge Fund Manager L1 CAPITAL PTY LTD n/a EXCH 23'660'753 3.01 (21'000'000) 22.11.2012 Investment Advisor BOWLER PETER n/a EXCH 21'043'333 2.68 (4'000'000) 30.11.2012 n/a FRANKLIN RESOURCES n/a ULT-AGG 19'652'465 2.5 70'000 28.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 16'469'711 2.09 65'047 14.05.2013 Investment Advisor OZ MINERALS INVESTME n/a Co File 12'800'000 1.63 - 31.03.2012 Unclassified AMP LIFE LTD n/a Co File 12'331'993 1.57 - 31.03.2012 Investment Advisor UNISUPER n/a EXCH 12'137'228 1.54 - 05.12.2011 Other FMR LLC n/a ULT-AGG 11'653'618 1.48 1'685'000 31.03.2013 Investment Advisor BRAIDWOOD INVESTMENT n/a Co File 9'100'001 1.16 - 31.03.2012 Unclassified LEIBOWITZ ANTHONY HO n/a EXCH 8'586'457 1.09 263'091 30.11.2012 n/a BARRETT GREGORY MICH n/a Co File 8'351'651 1.06 - 31.12.2011 n/a ACORN CAPITAL LTD n/a EXCH 7'556'401 0.96 - 05.12.2011 Investment Advisor HOOKIPA PTY LTD n/a Co File 7'254'650 0.92 - 31.03.2012 Unclassified WATKINS ROBERT n/a EXCH 6'150'001 0.78 - 14.11.2012 n/a TWYNAM AGRICULTURAL n/a Co File 5'975'000 0.76 - 31.12.2012 Other NORGES BANK Multiple Portfolios MF-AGG 4'785'317 0.61 - 31.12.2012 Government Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MITCH RYAN outperform 5 M 1 12 month 14.05.2013 Shaw Stockbroking VINCENT PISANI buy 5 M 1 Not Provided 03.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 N 1 Not Provided 26.04.2013 Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 1 Not Provided 24.04.2013 Hartleys TRENT BARNETT buy 5 M 1 12 month 23.04.2013 GMP LEVI SPRY buy 5 M 1 12 month 28.03.2013 Casimir Capital ERIC ALLISON overweight 5 M 2 12 month 16.01.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Blackswan Equities Ltd RHYS BRADLEY buy 5 N 1 12 month 21.12.2012 RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012 Evans & Partners Pty Ltd CATHY MOISES Positive 4 N #N/A N/A Not Provided 24.10.2012 Bell Potter CHRIS WHITEHEAD buy 5 M 1 12 month 05.03.2012 Holdings By: Beadell Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 104.
    16.05.2013 Resolute Mining Limitedexplores for, produces and develops gold in Ghana, Mali Queensland and Tanzania. The Company's gold exploration projects include Obotan, Syama, Ravenswood and Golden Pride. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (05.10.2012) 2.08 52-Week Low (16.05.2013) 0.71 Daily Volume 0.735 52-Week High % Change -64.66% Dividend Yield 6.80 52-Week Low % Change 4.26% Beta 1.25 % 52 Week Price Range High/Low 1.54% Equity Float 510.03 Shares Out 31.12.2012 643.1 Short Int 0.94 472.67 1 Yr Total Return -45.93% Total Debt 11.02 YTD Return -55.18% Preferred Stock 0.0 Adjusted BETA 1.252 Minority Interest (33.3) Analyst Recs 13 Cash and Equivalents 48.78 Consensus Rating 3.769 Enterprise Value 411.55 Average Volume 5 Day 9'066'289 RSG AU EQUITY YTD Change - Average Volume 30 Day 5'008'541 RSG AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'297'626 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 12/11 Q2 03/12 Q3 231.5 299.7 334.9 445.1 576.7 - - 657.1 585.1 - - 2.48x 1.12x 1.49x 1.36x 1.37x - - 0.53x 0.56x - - 20.9 57.3 80.3 110.0 254.4 - - 274.6 224.3 - - 27.45x 5.85x 6.23x 5.49x 3.10x - - 1.50x 1.84x - - (56.7) 30.7 (37.2) 59.7 105.1 - - 144.8 96.9 - - - 6.17x - 8.72x 7.25x - - 3.21x 4.59x - - EBITDA 254.40 Long-Term Rating Date - EBIT 180.99 Long-Term Rating - Operating Margin 31.38% Long-Term Outlook - Pretax Margin 21.58% Short-Term Rating Date - Return on Assets 21.89% Short-Term Rating - Return on Common Equity 25.34% Return on Capital 27.39% EBITDA/Interest Exp. 24.36 Asset Turnover 0.90% (EBITDA-Capex)/Interest Exp. 22.02 Net Debt/EBITDA -0.13 Gross Margin 35.8% Total Debt/EBITDA 0.06 EBITDA Margin 42.1% EBIT Margin 31.0% Total Debt/Equity 1.9% Net Income Margin 18.2% Total Debt/Capital 2.0% Asset Turnover 0.90 Current Ratio 3.40 Net Fixed Asset Turnover 3.38 Quick Ratio 0.76 Accounts receivable turnover-days 12.69 Debt to Assets 1.66% Inventory Days 136.26 Tot Debt to Common Equity 1.91% Accounts Payable Turnover Day 32.96 Accounts Receivable Turnover 28.85 Cash Conversion Cycle 85.74 Inventory Turnover 2.69 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Resolute Mining Ltd Price/Volume Valuation Analysis 11'227'856.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 20.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 105.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type UTILICO INVESTMENTS n/a EXCH 121'029'227 18.82 - 24.04.2013 Investment Advisor ALLIANCE LIFE COMMON n/a Co File 62'989'484 9.79 - 24.04.2013 n/a VANGUARD GROUP INC #N/A N/A EXCH 47'350'000 7.36 (9'650'000) 09.05.2013 Investment Advisor M&G INVESTMENT MANAG #N/A N/A EXCH 44'600'000 6.94 (5'750'000) 10.05.2013 Investment Advisor BANK OF AMERICA CORP n/a EXCH 39'392'367 6.13 (9'442'393) 10.05.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 33'691'540 5.24 - 15.05.2013 Investment Advisor VINVA INVESTMENT MGM n/a EXCH 32'497'591 5.05 - 31.01.2013 Investment Advisor CF RUFFER BAKER STEE n/a EXCH 19'097'479 2.97 (3'846'391) 04.04.2012 n/a RUFFER LLP Multiple Portfolios MF-AGG 12'576'000 1.96 - 27.12.2012 Hedge Fund Manager ECLECTIC INVEST TRUS n/a EXCH 5'350'000 0.83 1'850'000 24.04.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'020'898 0.78 - 31.01.2013 Investment Advisor PERMANENT INVESTMENT n/a EXCH 5'010'643 0.78 (4'989'357) 12.07.2012 Other GENUS DYNAMIC GOLD F n/a EXCH 4'811'000 0.75 - 23.02.2012 n/a JP MORGAN n/a ULT-AGG 4'776'489 0.74 - 31.03.2013 Investment Advisor BAKER STEEL CAPITAL n/a EXCH 4'300'000 0.67 - 04.04.2012 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 3'713'389 0.58 - 31.12.2012 Government VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'455'670 0.54 807'280 30.09.2012 Investment Advisor SULLIVAN PETER ROSS n/a EXCH 3'007'448 0.47 (500'000) 02.01.2013 n/a FMR LLC n/a ULT-AGG 2'988'261 0.46 - 31.03.2013 Investment Advisor ICM LTD n/a EXCH 2'903'765 0.45 - 24.04.2013 Other Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER sell 1 M 1 12 month 13.05.2013 Veritas Securities MATTHEW BAILLIE buy 5 M 2 Not Provided 30.04.2013 Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 1 12 month 24.04.2013 GMP LEVI SPRY buy 5 M 2 Not Provided 24.04.2013 Bell Potter STEPHEN THOMAS buy 5 M 2 12 month 24.04.2013 Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 24.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 2 Not Provided 15.04.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Westhouse Securities ROB BROKE add 4 M 2 Not Provided 08.11.2012 Helmsec Global Capital Limited GAVIN VAN DER WATH speculative buy 4 M 2 12 month 31.07.2012 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 Holdings By: Resolute Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 106.
    16.05.2013 Endeavour Mining Corp.is a growth focused West African gold producer. The Company's operations include three operating mines in Ghana, Mali, and Burkina Faso, and a fourth mine in Cote d'Ivoire that is currently in construction. Endeavour also has a large West African land position with active exploration programs. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (10.10.2012) 2.56 52-Week Low (18.04.2013) 0.83 Daily Volume 0.88 52-Week High % Change -65.63% Dividend Yield 0.00 52-Week Low % Change 6.02% Beta 0.99 % 52 Week Price Range High/Low 2.89% Equity Float 406.80 Shares Out 30.04.2013 412.5 Short Int 0.43 362.99 1 Yr Total Return -55.33% Total Debt 201.83 YTD Return -57.49% Preferred Stock 0.0 Adjusted BETA 0.985 Minority Interest 75.0 Analyst Recs 5 Cash and Equivalents 113.67 Consensus Rating 4.800 Enterprise Value 526.11 Average Volume 5 Day 2'004'066 EDV CN EQUITY YTD Change - Average Volume 30 Day 1'953'092 EDV CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'075'166 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 109.2 (219.3) 167.1 145.6 346.1 193.0 385.0 490.8 634.0 103.0 120.0 - - - 3.93x 2.81x 6.42x 5.32x - - - - - (237.2) 130.7 43.3 136.2 70.0 100.9 193.0 235.3 - - - - - 13.22x 7.14x 7.66x 0.00x 2.73x 2.24x - - 57.1 (241.8) 125.3 (23.5) (8.6) (44.4) 24.8 81.6 207.0 - - 3.99x - 1.70x - - 0.00x 14.83x 6.24x 5.09x 5.95x 4.78x EBITDA 136.25 Long-Term Rating Date - EBIT 62.12 Long-Term Rating - Operating Margin 17.95% Long-Term Outlook - Pretax Margin 10.05% Short-Term Rating Date - Return on Assets -0.61% Short-Term Rating - Return on Common Equity -0.97% Return on Capital -0.90% EBITDA/Interest Exp. 25.82 Asset Turnover 0.25% (EBITDA-Capex)/Interest Exp. 2.76 Net Debt/EBITDA 0.65 Gross Margin 27.4% Total Debt/EBITDA 1.48 EBITDA Margin 39.4% EBIT Margin 18.0% Total Debt/Equity 19.0% Net Income Margin -2.5% Total Debt/Capital 15.1% Asset Turnover 0.25 Current Ratio 2.48 Net Fixed Asset Turnover 0.33 Quick Ratio 1.17 Accounts receivable turnover-days 22.12 Debt to Assets 11.50% Inventory Days 89.61 Tot Debt to Common Equity 19.00% Accounts Payable Turnover Day 90.61 Accounts Receivable Turnover 16.54 Cash Conversion Cycle 21.22 Inventory Turnover 4.08 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Endeavour Mining Corp Price/Volume Valuation Analysis 2'009'360.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M -300.0 -200.0 -100.0 0.0 100.0 200.0 300.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 107.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 32'707'812 7.93 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA n/a Co File 20'147'799 4.88 - 31.10.2012 Investment Advisor FMR LLC n/a ULT-AGG 14'061'830 3.41 (7'178'000) 31.03.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 9'321'000 2.26 526'000 27.12.2012 Hedge Fund Manager ROYCE AND ASSOCIATES n/a 13G 4'850'000 1.18 (500'000) 31.12.2011 Investment Advisor JP MORGAN n/a ULT-AGG 4'757'617 1.15 - 31.12.2012 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'700'000 0.9 (3'078'475) 31.03.2013 Investment Advisor ASHDELL LTD n/a PROXY 2'800'000 0.68 - 10.09.2012 Other DIMENSIONAL FUND ADV n/a ULT-AGG 2'765'232 0.67 14'500 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'268'936 0.55 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'918'223 0.47 421'209 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'877'316 0.46 - 31.12.2012 Government JONES HEWARD INVESTM Multiple Portfolios MF-AGG 1'266'210 0.31 - 15.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 999'030 0.24 60'256 31.03.2013 Investment Advisor CONNELLY MARK n/a SEDI 855'000 0.21 - 12.12.2011 n/a DWS INVESTMENT SA Multiple Portfolios MF-AGG 800'000 0.19 799'000 28.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 700'000 0.17 - 27.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 541'001 0.13 (171'161) 31.12.2012 Hedge Fund Manager WOODYER NEIL n/a SEDI 447'127 0.11 50'000 19.04.2013 n/a LAING DAVID C n/a SEDI 388'618 0.09 60'000 16.04.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Goldman Sachs EUGENE KING Buy/Neutral 5 M 2 12 month 15.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 3 12 month 15.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 3 12 month 15.05.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 M 2 Not Provided 11.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 Not Provided 01.04.2013 BMO Capital Markets ANDREW BREICHMANAS not rated #N/A N/A M #N/A N/A Not Provided 24.01.2013 Holdings By: Endeavour Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 108.
    16.05.2013 Fortuna Silver MinesInc. is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. The Company's primary assets are the San Jose silver-gold mine in Mexico and the Caylloma silver-lead-zinc mine in Peru. Fortuna Silver Mines is selectively pursuing additional acquisition opportunities in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 5.85 52-Week Low (17.04.2013) 2.67 Daily Volume 2.8 52-Week High % Change -52.14% Dividend Yield 0.00 52-Week Low % Change 4.87% Beta 1.44 % 52 Week Price Range High/Low 4.09% Equity Float 124.53 Shares Out 30.04.2013 125.3 Short Int 2.97 350.85 1 Yr Total Return -21.13% Total Debt - YTD Return -32.53% Preferred Stock - Adjusted BETA 1.439 Minority Interest - Analyst Recs 10 Cash and Equivalents - Consensus Rating 4.300 Enterprise Value 282.51 Average Volume 5 Day 469'640 FVI CN EQUITY YTD Change - Average Volume 30 Day 477'159 FVI CN EQUITY YTD % CHANGE - Average Volume 3 Month 455'622 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 24.8 51.4 74.1 110.0 161.0 128.7 161.1 170.2 204.8 39.0 40.7 1.39x 3.01x 6.78x 5.78x - 17.74x 8.90x - - - - 0.1 21.3 34.1 48.8 70.7 59.4 49.2 73.4 103.2 20.0 23.5 401.05x 7.25x 14.71x 13.01x - 8.66x 0.00x 3.85x 2.74x - - (0.9) 0.6 16.0 19.5 31.5 25.9 27.0 30.7 42.7 4.7 6.1 - 99.42x 34.34x 32.35x 15.45x 20.48x 18.73x 11.41x 8.49x 10.58x 9.42x EBITDA 70.72 Long-Term Rating Date - EBIT 49.34 Long-Term Rating - Operating Margin 30.64% Long-Term Outlook - Pretax Margin 28.09% Short-Term Rating Date - Return on Assets 10.70% Short-Term Rating - Return on Common Equity 12.77% Return on Capital 12.75% EBITDA/Interest Exp. 125.83 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 46.04 Net Debt/EBITDA -0.88 Gross Margin 43.9% Total Debt/EBITDA 0.04 EBITDA Margin 43.9% EBIT Margin 30.6% Total Debt/Equity - Net Income Margin 19.5% Total Debt/Capital - Asset Turnover 0.55 Current Ratio - Net Fixed Asset Turnover 0.83 Quick Ratio - Accounts receivable turnover-days 52.51 Debt to Assets - Inventory Days 48.91 Tot Debt to Common Equity - Accounts Payable Turnover Day 39.64 Accounts Receivable Turnover 6.97 Cash Conversion Cycle - Inventory Turnover 7.48 Fiscal Year Ended Fortuna Silver Mines Inc Price/Volume Valuation Analysis 739'038.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 109.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 9'880'700 7.89 (643'800) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 8'370'809 6.68 (356'649) 31.03.2013 Hedge Fund Manager MASON HILL ADVISORS MASON HILL ADVISORS 13F 7'932'400 6.33 - 31.03.2013 Hedge Fund Manager MONTRUSCO BOLTON INV MONTRUSCO BOLTON INV 13F 3'994'740 3.19 1'487'550 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'187'340 1.75 180'272 14.05.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'641'307 1.31 1'641'307 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 1'380'838 1.1 (16'962) 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'210'600 0.97 36'400 31.03.2013 Investment Advisor AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 1'169'500 0.93 (239'800) 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'137'189 0.91 - 28.09.2012 Investment Advisor INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 997'900 0.8 (289'500) 31.03.2013 Investment Advisor CQS CAYMAN LP CQS CAYMAN LP 13F 750'000 0.6 (100'000) 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 711'800 0.57 138'400 31.03.2013 Holding Company CANADA PENSION PLAN CANADA PENSION PLAN 13F 704'591 0.56 206'500 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 615'180 0.49 47'900 31.03.2013 Investment Advisor FEDERATED INVESTORS FEDERATED INVESTORS 13F 600'000 0.48 - 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 600'000 0.48 - 29.03.2013 Investment Advisor NORTHWEST MUTUAL FUN Multiple Portfolios MF-AGG 505'241 0.4 - 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 462'200 0.37 - 31.03.2013 Investment Advisor VEHRS THOMAS I n/a SEDI 425'000 0.34 225'000 29.11.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP market perform 3 M 5 Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 6 12 month 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 Raymond James CHRIS THOMPSON outperform 5 U 5 12 month 09.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 4 12 month 09.05.2013 Haywood Securities Inc. BENJAMIN ASUNCION buy 5 M 5 Not Provided 09.05.2013 EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 09.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 4 12 month 08.05.2013 CIBC World Markets LEON ESTERHUIZEN sector outperform 5 N 6 Not Provided 11.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 4 12 month 21.03.2013 Holdings By: Fortuna Silver Mines Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 110.
    16.05.2013 McEwen Mining Inc.is a high growth, low cost mid-tier gold producer in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.11.2012) 4.72 52-Week Low (18.04.2013) 1.67 Daily Volume 2.05 52-Week High % Change -56.54% Dividend Yield 0.00 52-Week Low % Change 22.75% Beta 1.48 % 52 Week Price Range High/Low 12.47% Equity Float 184.40 Shares Out 03.05.2013 258.6 Short Int 29.24 609.04 1 Yr Total Return -4.14% Total Debt 0.00 YTD Return -46.48% Preferred Stock 0.0 Adjusted BETA 1.484 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 70.92 Consensus Rating 3.667 Enterprise Value 563.91 Average Volume 5 Day 2'961'632 MUX US EQUITY YTD Change - Average Volume 30 Day 3'765'805 MUX US EQUITY YTD % CHANGE - Average Volume 3 Month 3'341'979 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 6.0 3.0 38.9 150.0 217.0 34.8 39.2 - - - - 178.15x 948.65x 99.45x - - - - (19.7) (17.3) (29.0) (59.6) (92.3) (69.8) (66.8) 42.0 114.0 - - - - - - - 0.00x 0.00x 13.43x 4.95x - - (131.1) (27.7) (33.1) (61.9) (66.7) (70.5) (58.4) 70.9 114.0 16.1 18.8 - - - - - 0.00x 0.00x - 25.63x - - EBITDA -92.34 Long-Term Rating Date - EBIT -93.37 Long-Term Rating - Operating Margin -1565.02% Long-Term Outlook - Pretax Margin -1573.89% Short-Term Rating Date - Return on Assets -5.11% Short-Term Rating - Return on Common Equity -6.66% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 10.5% Total Debt/EBITDA 0.00 EBITDA Margin -172.0% EBIT Margin -174.8% Total Debt/Equity 0.0% Net Income Margin -1117.2% Total Debt/Capital 0.0% Asset Turnover 0.03 Current Ratio 3.65 Net Fixed Asset Turnover 0.05 Quick Ratio 2.82 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days 101.38 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 188.52 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 3.60 Fiscal Year Ended McEwen Mining Inc Price/Volume Valuation Analysis 3'088'439.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 111.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type MCEWEN ROBERT R n/a Form 4 73'428'564 28.4 - 18.04.2013 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 14'825'787 5.73 2'112'575 15.05.2013 Investment Advisor BLACKROCK n/a ULT-AGG 13'335'621 5.16 - 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 10'796'918 4.18 (90'000) 31.03.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 8'798'586 3.4 (3'843'036) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 7'321'268 2.83 (2'501'373) 31.03.2013 Investment Advisor JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 6'747'005 2.61 (79'379) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 3'940'961 1.52 993'013 31.03.2013 Investment Advisor STALEY CAPITAL ADVIS STALEY CAPITAL ADVIS 13F 3'200'440 1.24 753'503 31.03.2013 Hedge Fund Manager NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'998'509 1.16 (38'931) 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 2'696'531 1.04 450'000 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 2'166'610 0.84 (26'038) 31.03.2013 Investment Advisor HORIZON KINETICS n/a ULT-AGG 1'770'336 0.68 (82'987) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 1'735'340 0.67 (1'000'000) 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 1'478'932 0.57 153'696 31.03.2013 Investment Advisor BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 1'410'913 0.55 15'016 28.02.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 1'166'475 0.45 73'405 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 1'152'810 0.45 295'800 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'104'843 0.43 27'168 31.03.2013 Investment Advisor AEGIS FINANCIAL CORP AEGIS FINANCIAL CORP 13F 1'063'594 0.41 1'063'594 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Stifel CRAIG P STANLEY buy 5 M 3 12 month 09.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 18.04.2013 Holdings By: McEwen Mining Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 112.
    16.05.2013 MAG Silver Corpacquires and explores mineral properties with a focus on high-grade silver and gold. The Company, through its subsidiary, holds options to earn an interest in properties located in Mexico. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (06.11.2012) 13.32 52-Week Low (15.05.2013) 6.50 Daily Volume 6.51 52-Week High % Change -51.13% Dividend Yield 0.00 52-Week Low % Change 0.15% Beta 1.68 % 52 Week Price Range High/Low 0.15% Equity Float 48.04 Shares Out 30.04.2013 60.1 Short Int 0.20 391.52 1 Yr Total Return -8.70% Total Debt 0.00 YTD Return -35.99% Preferred Stock 0.0 Adjusted BETA 1.681 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 41.05 Consensus Rating 4.500 Enterprise Value 350.47 Average Volume 5 Day 108'497 MAG CN EQUITY YTD Change - Average Volume 30 Day 140'367 MAG CN EQUITY YTD % CHANGE - Average Volume 3 Month 178'965 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (6.7) (9.4) (12.9) (9.5) (13.4) (9.5) (13.5) (3.4) (3.4) (0.9) (0.9) - - - - - 0.00x 0.00x - - - - (5.9) (13.5) (12.6) (8.3) (12.3) (8.3) (12.3) (4.4) (9.2) (0.9) (0.9) - - - - - 0.00x 0.00x - - - - EBITDA -13.45 Long-Term Rating Date - EBIT -13.49 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -10.53% Short-Term Rating - Return on Common Equity -10.72% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 31.79 Net Fixed Asset Turnover 0.00 Quick Ratio 31.65 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended MAG Silver Corp Price/Volume Valuation Analysis 145'824.00 Current Price (5/dd/yy) Market Data 0 2 4 6 8 10 12 14 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .1 M .2 M .3 M .4 M .5 M .6 M .7 M .8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 113.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type FRESNILLO PLC n/a PROXY 9'746'193 16.21 - 07.09.2012 Unclassified MASON HILL ADVISORS MASON HILL ADVISORS 13F 5'227'561 8.69 - 31.03.2013 Hedge Fund Manager TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 4'329'250 7.2 1'805'500 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 3'859'581 6.42 - 15.05.2013 Investment Advisor T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 3'597'500 5.98 2'224'600 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 2'755'754 4.58 2'755'754 31.03.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 1'626'550 2.7 (544'950) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'583'225 2.63 466'927 31.03.2013 Pension Fund (ERISA) BLACKROCK n/a ULT-AGG 992'852 1.65 (408'125) 14.05.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 986'206 1.64 - 31.03.2013 Hedge Fund Manager CARMAX ENTERPRISES n/a Co File 946'300 1.57 - 31.12.2010 Corporation GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 788'555 1.31 (10'525) 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 764'000 1.27 4'000 31.03.2013 Investment Advisor ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 528'682 0.88 8'100 31.03.2013 Hedge Fund Manager FALCON FUND MANAGEME Multiple Portfolios MF-AGG 432'000 0.72 - 28.02.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 402'144 0.67 - 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 390'000 0.65 90'000 31.03.2013 Investment Advisor CARLSON ERIC H n/a SEDI 379'200 0.63 50'000 03.08.2012 n/a RAFFLES ASSOCIATES L RAFFLES ASSOCIATES L 13F 372'900 0.62 - 31.03.2013 Hedge Fund Manager AGF INVESTMENTS INC AGF INVESTMENTS INC 13F 370'978 0.62 105'600 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 15 12 month 07.05.2013 Macquarie MICHAEL GRAY outperform 5 M 14 12 month 25.04.2013 Raymond James DAVID SADOWSKI outperform 5 M 14 12 month 24.04.2013 Holdings By: MAG Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 114.
    16.05.2013 Primero Mining Corporationis a gold and silver producer. The Company focuses on building a precious metals portfolio in the Americas. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (24.10.2012) 7.89 52-Week Low (28.06.2012) 2.43 Daily Volume 5.17 52-Week High % Change -34.47% Dividend Yield 0.00 52-Week Low % Change 112.76% Beta 1.48 % 52 Week Price Range High/Low 50.18% Equity Float 65.03 Shares Out 30.04.2013 97.4 Short Int 5.51 503.74 1 Yr Total Return 104.35% Total Debt 40.00 YTD Return -19.22% Preferred Stock 0.0 Adjusted BETA 1.482 Minority Interest 0.0 Analyst Recs 12 Cash and Equivalents 139.24 Consensus Rating 4.667 Enterprise Value 385.66 Average Volume 5 Day 209'352 P CN EQUITY YTD Change - Average Volume 30 Day 305'423 P CN EQUITY YTD % CHANGE - Average Volume 3 Month 374'610 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 60.3 156.5 182.9 166.6 185.3 201.5 250.8 61.2 53.1 - - 8.68x 1.80x 2.88x 6.89x 8.97x 1.75x 1.44x 5.97x 6.70x (0.6) (0.6) 12.8 72.8 77.4 80.8 71.9 89.1 136.4 33.6 23.7 - - 40.81x 3.86x 6.79x 2.70x 7.52x 4.33x 2.83x 3.64x 3.57x (0.7) (0.7) (31.5) 49.6 49.6 76.1 48.3 48.3 69.0 25.1 14.6 - - - 5.81x 11.91x 2.95x 13.08x 11.75x 8.52x 11.70x 10.49x EBITDA 77.44 Long-Term Rating Date - EBIT 49.39 Long-Term Rating - Operating Margin 27.00% Long-Term Outlook - Pretax Margin 24.42% Short-Term Rating Date - Return on Assets 7.25% Short-Term Rating - Return on Common Equity 8.68% Return on Capital - EBITDA/Interest Exp. 26.82 Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. 13.06 Net Debt/EBITDA -1.52 Gross Margin 58.7% Total Debt/EBITDA 0.45 EBITDA Margin 38.8% EBIT Margin 22.8% Total Debt/Equity 7.0% Net Income Margin 27.1% Total Debt/Capital 6.5% Asset Turnover 0.28 Current Ratio 3.07 Net Fixed Asset Turnover 0.38 Quick Ratio 2.66 Accounts receivable turnover-days 10.52 Debt to Assets 5.97% Inventory Days 47.70 Tot Debt to Common Equity 7.00% Accounts Payable Turnover Day 173.68 Accounts Receivable Turnover 34.70 Cash Conversion Cycle -86.81 Inventory Turnover 7.65 Fiscal Year Ended Primero Mining Corp Price/Volume Valuation Analysis 342'492.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 115.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type GOLDCORP INC n/a SEDI 31'151'200 31.97 (8'422'460) 12.10.2012 Corporation TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 7'443'290 7.64 (34'700) 31.03.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 7'016'800 7.2 68'800 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 6'354'449 6.52 (36) 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'548'175 5.69 79'800 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 5'225'586 5.36 - 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 4'851'400 4.98 3'822'900 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 4'120'705 4.23 (297'524) 31.03.2013 Bank O'SHAUGHNESSY ASSET O'SHAUGHNESSY ASSET 13F 1'895'988 1.95 108'693 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 1'707'777 1.75 (1'155'890) 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 1'452'000 1.49 (128'000) 31.03.2013 Hedge Fund Manager FALCON FUND MANAGEME Multiple Portfolios MF-AGG 1'116'000 1.15 - 28.02.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 1'076'900 1.11 - 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 918'600 0.94 (1'221'100) 31.03.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 879'700 0.9 (144'400) 31.03.2013 Hedge Fund Manager RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 755'000 0.77 81'100 31.03.2013 Hedge Fund Manager CONWAY JOSEPH F n/a SEDI 563'300 0.58 50'000 04.07.2012 n/a OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 548'800 0.56 548'800 31.03.2013 Investment Advisor SPARK INVESTMENT MAN SPARK INVESTMENT MAN 13F 529'500 0.54 (53'300) 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 510'100 0.52 (66'400) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp STEVEN BUTLER buy 5 M 10 12 month 13.05.2013 Macquarie MICHAEL GRAY outperform 5 M 7 12 month 09.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 9 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 9 12 month 09.05.2013 BMO Capital Markets BRIAN QUAST outperform 5 M 9 Not Provided 08.05.2013 RBC Capital Markets DAN ROLLINS sector perform 3 M 7 12 month 08.05.2013 CIBC World Markets CHITIMUKULU MUSONDA sector outperform 5 M 9 Not Provided 08.05.2013 Cantor Fitzgerald ROB CHANG buy 5 M 9 12 month 08.05.2013 GMP CHELSEA HAMILTON buy 5 M 10 12 month 08.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 9 12 month 23.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 15.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 10 12 month 27.03.2013 Holdings By: Primero Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 116.
    16.05.2013 Kingsgate Consolidated Limitedis a gold mining and exploration company with operations focused in Thailand at the Chatree gold project. The Company also explores for silver and other metals. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (03.10.2012) 6.20 52-Week Low (16.05.2013) 1.61 Daily Volume 1.645 52-Week High % Change -73.47% Dividend Yield 9.12 52-Week Low % Change 2.17% Beta 1.33 % 52 Week Price Range High/Low 1.02% Equity Float 146.95 Shares Out 12.04.2013 152.2 Short Int 9.16 250.36 1 Yr Total Return -66.42% Total Debt 157.54 YTD Return -62.11% Preferred Stock 0.0 Adjusted BETA 1.328 Minority Interest 0.0 Analyst Recs 12 Cash and Equivalents 90.62 Consensus Rating 2.750 Enterprise Value 382.02 Average Volume 5 Day 1'823'418 KCN AU EQUITY YTD Change - Average Volume 30 Day 1'464'115 KCN AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'346'155 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 74.3 113.0 176.1 172.4 357.4 - - 341.8 389.2 - - 6.01x 5.46x 5.16x 6.69x 2.24x - - 1.11x 0.97x - - 19.6 (38.1) 84.7 66.8 164.9 - - 114.8 144.1 - - 22.77x - 10.74x 17.26x 4.86x - - 3.33x 2.65x - - 36.2 32.5 66.3 21.1 75.2 - - 33.5 46.0 - - 10.12x 19.20x 12.59x 42.78x 9.24x - - 6.80x 6.45x - - EBITDA 164.86 Long-Term Rating Date - EBIT 97.31 Long-Term Rating - Operating Margin 27.23% Long-Term Outlook - Pretax Margin 25.54% Short-Term Rating Date - Return on Assets 4.93% Short-Term Rating - Return on Common Equity 6.76% Return on Capital 6.48% EBITDA/Interest Exp. 10.36 Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. -0.38 Net Debt/EBITDA - Gross Margin 33.2% Total Debt/EBITDA - EBITDA Margin - EBIT Margin 23.9% Total Debt/Equity 20.3% Net Income Margin 21.0% Total Debt/Capital 16.9% Asset Turnover 0.37 Current Ratio 2.03 Net Fixed Asset Turnover 0.47 Quick Ratio 0.98 Accounts receivable turnover-days 19.78 Debt to Assets 15.03% Inventory Days - Tot Debt to Common Equity 20.31% Accounts Payable Turnover Day - Accounts Receivable Turnover 18.50 Cash Conversion Cycle 42.36 Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Kingsgate Consolidated Ltd Price/Volume Valuation Analysis 3'329'013.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 117.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 13'470'832 8.85 (450'000) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 10'654'665 7 - 15.05.2013 Investment Advisor ALLIANZ ASSET MANAGE n/a ULT-AGG 9'639'841 6.33 (1'356'557) 26.04.2013 Investment Advisor FMR LLC n/a ULT-AGG 8'578'820 5.64 (369'358) 31.10.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'550'000 3.65 50'000 28.02.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 4'693'651 3.08 - 27.12.2012 Hedge Fund Manager FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 4'118'481 2.71 - 30.09.2012 Hedge Fund Manager SMYTH-KIRK ROSS DONA n/a EXCH 3'706'582 2.44 - 03.04.2013 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'065'821 0.7 310'561 30.09.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 1'042'573 0.69 16'822 31.01.2013 Investment Advisor THOMAS GAVIN n/a EXCH 946'403 0.62 - 06.05.2013 n/a NORGES BANK Multiple Portfolios MF-AGG 944'190 0.62 - 31.12.2012 Government PRUDENTIAL FINANCIAL n/a ULT-AGG 925'953 0.61 3'261 28.03.2013 Investment Advisor ARINYA INVESTMENTS P n/a EXCH 879'689 0.58 - 03.04.2013 Other VANGUARD GROUP INC Multiple Portfolios MF-AGG 751'153 0.49 63'808 31.03.2013 Investment Advisor AXA ROSENBERG INTL Multiple Portfolios MF-AGG 662'402 0.44 523'974 31.12.2012 Investment Advisor ERSTE SPARINVEST KAG Multiple Portfolios MF-AGG 540'000 0.35 - 28.12.2012 Investment Advisor SCHRODER INVESTMENT Multiple Portfolios MF-AGG 354'759 0.23 308'118 31.03.2013 Investment Advisor PACIFIC INCOME ADVIS Multiple Portfolios MF-AGG 281'011 0.18 - 28.03.2013 Investment Advisor HSBC TRINKAUS INVEST Multiple Portfolios MF-AGG 225'000 0.15 - 31.07.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 14.05.2013 Macquarie MITCH RYAN neutral 3 M 3 12 month 13.05.2013 Goldman Sachs PAUL HISSEY sell/attractive 1 M 2 12 month 09.05.2013 BBY Limited KURT WORDEN strong buy 5 M 3 12 month 30.04.2013 Veritas Securities MATTHEW BAILLIE buy 5 M 3 Not Provided 30.04.2013 RBC Capital Markets STEUART MCINTYRE underperform 1 D 2 12 month 29.04.2013 BMO Capital Markets DAVID HAUGHTON market perform 3 M 5 Not Provided 15.04.2013 E.L. & C. Baillieu SOPHIE SPARTALIS hold 3 M 4 12 month 15.03.2013 Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 02.11.2012 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 Bell Potter PETER CHAPMAN Under Review #N/A N/A M #N/A N/A Not Provided 02.11.2011 Holdings By: Kingsgate Consolidated Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 118.
    16.05.2013 Timmins Gold Corporationoperates as a gold exploration and production company. The Company owns and operates a Mexican based mine where they develop, explore and produce gold. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.11.2012) 3.48 52-Week Low (23.05.2012) 1.49 Daily Volume 2.22 52-Week High % Change -36.21% Dividend Yield 0.00 52-Week Low % Change 48.99% Beta 1.11 % 52 Week Price Range High/Low 36.68% Equity Float 137.45 Shares Out 30.04.2013 144.1 Short Int 0.12 319.87 1 Yr Total Return 37.04% Total Debt 17.55 YTD Return -25.75% Preferred Stock 0.0 Adjusted BETA 1.108 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 24.06 Consensus Rating 4.571 Enterprise Value 310.24 Average Volume 5 Day 479'660 TMM CN EQUITY YTD Change - Average Volume 30 Day 673'355 TMM CN EQUITY YTD % CHANGE - Average Volume 3 Month 654'738 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 84.4 156.1 105.8 166.2 196.3 214.8 47.0 46.2 - - - 4.15x 2.73x 12.87x 8.95x 1.37x 0.94x 6.48x 6.42x (4.2) (3.5) (6.7) 43.5 68.5 56.7 76.0 88.4 90.5 17.5 19.9 - - - 8.05x 6.22x 5.63x 5.36x 3.51x 3.43x 4.06x 4.09x (5.3) (3.4) (8.6) 11.5 36.1 21.2 45.5 49.8 48.0 10.6 9.2 - - - 27.89x 12.02x 14.12x 9.04x 6.49x 6.67x 6.73x 6.63x EBITDA 68.51 Long-Term Rating Date - EBIT 60.58 Long-Term Rating - Operating Margin 38.80% Long-Term Outlook - Pretax Margin 36.58% Short-Term Rating Date - Return on Assets 21.95% Short-Term Rating - Return on Common Equity 33.32% Return on Capital 30.52% EBITDA/Interest Exp. 27.48 Asset Turnover 0.80% (EBITDA-Capex)/Interest Exp. 13.71 Net Debt/EBITDA -0.12 Gross Margin 49.1% Total Debt/EBITDA 0.23 EBITDA Margin 45.8% EBIT Margin 40.4% Total Debt/Equity 11.9% Net Income Margin 23.1% Total Debt/Capital 10.7% Asset Turnover 0.80 Current Ratio 1.97 Net Fixed Asset Turnover 1.27 Quick Ratio 0.97 Accounts receivable turnover-days 20.58 Debt to Assets 8.12% Inventory Days 141.38 Tot Debt to Common Equity 11.93% Accounts Payable Turnover Day 55.91 Accounts Receivable Turnover 17.74 Cash Conversion Cycle 151.43 Inventory Turnover 2.58 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Timmins Gold Corp Price/Volume Valuation Analysis 879'490.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00 03.04.2009 03.10.2009 03.04.2010 03.10.2010 03.04.2011 03.10.2011 03.04.2012 03.10.2012 03.04.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 119.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 25'551'300 17.73 262'100 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 10'964'736 7.61 - 15.05.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 8'131'210 5.64 70'979 31.03.2013 Bank OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 5'781'224 4.01 5'781'224 31.03.2013 Investment Advisor CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'253'300 3.65 161'700 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 3'810'200 2.64 860'000 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 3'706'900 2.57 - 27.12.2012 Hedge Fund Manager BRAGAGNOLO BRUCE n/a SEDI 2'928'000 2.03 (25'000) 03.01.2013 n/a GCIC LTD/CANADA GCIC LTD 13F 2'728'100 1.89 463'100 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 2'705'400 1.88 100'000 31.03.2013 Investment Advisor BONILLAS ZEPEDA F A n/a SEDI 2'584'800 1.79 (34'729) 19.12.2012 n/a INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 2'217'500 1.54 536'400 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA CIBC GLOBAL ASSET MA 13F 2'050'500 1.42 (1'661'700) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'003'600 1.39 200'000 31.03.2013 Pension Fund (ERISA) HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 1'929'200 1.34 243'100 31.03.2013 Hedge Fund Manager CQS CAYMAN LP CQS CAYMAN LP 13F 1'500'000 1.04 200'000 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'054'100 0.73 (35'600) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 820'191 0.57 63'043 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 698'391 0.48 (4'915) 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 659'429 0.46 83'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 3 Not Provided 13.05.2013 National Bank Financial SHANE NAGLE outperform 5 M 4 12 month 10.05.2013 Macquarie MICHAEL SIPERCO neutral 3 M 3 12 month 09.05.2013 Cormark Securities Inc. KYLE MCPHEE buy 5 M 3 12 month 09.05.2013 TD Securities STEVEN J GREEN buy 5 M 4 12 month 09.05.2013 M Partners Inc ERIK BERMEL buy 5 M 4 12 month 09.05.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 4 12 month 08.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 4 12 month 08.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL sell 1 M 2 12 month 08.05.2013 PI Financial Corp. PHILIP KER buy 5 M 3 12 month 08.05.2013 Stonecap Securities Inc BRIAN SZETO outperform 5 M 4 12 month 08.05.2013 Casimir Capital STUART MCDOUGALL buy 5 M 4 12 month 01.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 4 12 month 23.04.2013 EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013 MGI Securities MARC PAIS buy 5 M 5 12 month 05.07.2011 Holdings By: Timmins Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 120.
    16.05.2013 St. Barbara Limitedis a gold exploration and production company. The Company's exploration projects include its Southern Cross and Leonora Operations which are located in Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (18.10.2012) 2.40 52-Week Low (08.05.2013) 0.51 Daily Volume 0.62 52-Week High % Change -74.17% Dividend Yield 0.00 52-Week Low % Change 21.57% Beta 1.23 % 52 Week Price Range High/Low 7.94% Equity Float 486.24 Shares Out 31.12.2012 488.1 Short Int 13.37 302.61 1 Yr Total Return -66.49% Total Debt 4.26 YTD Return -57.09% Preferred Stock 0.0 Adjusted BETA 1.225 Minority Interest 0.0 Analyst Recs 14 Cash and Equivalents 185.40 Consensus Rating 4.357 Enterprise Value 453.36 Average Volume 5 Day 6'088'577 SBM AU EQUITY YTD Change - Average Volume 30 Day 4'944'770 SBM AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'005'479 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 143.1 281.1 296.8 359.6 541.2 - - 530.2 620.2 - - 3.41x 1.33x 2.01x 1.58x 0.73x - - 0.83x 0.56x - - (0.1) 50.3 77.2 109.3 224.1 - - 158.2 237.0 - - - 7.42x 7.74x 5.21x 1.76x - - 2.87x 1.91x - - (17.3) (76.3) (40.2) 68.6 130.2 - - 39.9 78.3 - - - - - 9.29x 4.42x - - 7.65x 4.00x - - EBITDA 224.06 Long-Term Rating Date 15.03.2013 EBIT 133.19 Long-Term Rating B Operating Margin 24.61% Long-Term Outlook STABLE Pretax Margin 20.23% Short-Term Rating Date - Return on Assets 9.10% Short-Term Rating - Return on Common Equity 13.09% Return on Capital - EBITDA/Interest Exp. 308.62 Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 164.28 Net Debt/EBITDA 0.75 Gross Margin 50.3% Total Debt/EBITDA 1.08 EBITDA Margin 38.5% EBIT Margin 21.0% Total Debt/Equity 0.8% Net Income Margin 24.1% Total Debt/Capital 0.7% Asset Turnover 0.55 Current Ratio 3.39 Net Fixed Asset Turnover 0.71 Quick Ratio 2.62 Accounts receivable turnover-days 13.29 Debt to Assets 0.62% Inventory Days 75.96 Tot Debt to Common Equity 0.75% Accounts Payable Turnover Day 69.88 Accounts Receivable Turnover 27.54 Cash Conversion Cycle -34.88 Inventory Turnover 4.82 Fiscal Year Ended St Barbara Ltd Price/Volume Valuation Analysis 4'438'933.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 121.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type M&G INVESTMENT MANAG n/a EXCH 93'372'398 19.13 - 14.02.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 70'959'173 14.54 (547'654) 28.03.2013 Investment Advisor VANGUARD GROUP INC n/a EXCH 60'536'881 12.4 9'536'881 29.01.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 38'851'254 7.96 12'768'675 15.05.2013 Investment Advisor PARADICE INVESTMENT n/a EXCH 19'990'864 4.1 - 13.09.2012 Investment Advisor UBS n/a ULT-AGG 16'608'948 3.4 512'340 06.09.2012 Unclassified TRADEWINDS GLOBAL IN n/a EXCH 16'240'544 3.33 (1'270'413) 03.11.2011 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 15'874'016 3.25 38'344 31.01.2013 Investment Advisor STATE STREET n/a ULT-AGG 12'749'179 2.61 79'914 15.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 12'528'000 2.57 - 27.12.2012 Hedge Fund Manager BLACKROCK n/a ULT-AGG 11'424'935 2.34 (1'335'100) 14.05.2013 Investment Advisor LSV ASSET MANAGEMENT n/a RNS-RUL8 11'363'061 2.33 684'600 23.07.2012 Investment Advisor FMR LLC n/a ULT-AGG 10'598'053 2.17 (536'807) 31.03.2013 Investment Advisor COMMONWEALTH BANK OF n/a RNS-RUL8 8'897'062 1.82 - 31.08.2012 Bank HUNTER HALL INVESTME n/a RNS-RUL8 7'754'662 1.59 (8'245'338) 12.07.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 6'700'000 1.37 300'000 28.02.2013 Investment Advisor JP MORGAN n/a ULT-AGG 6'200'627 1.27 (2'413'751) 31.12.2012 Investment Advisor JCP INVESTMENT PARTN n/a RNS-RUL8 6'032'951 1.24 (326'553) 09.08.2012 Investment Advisor BANQUE DE LUXEMBOURG Multiple Portfolios MF-AGG 6'000'000 1.23 500'000 28.03.2013 Investment Advisor CENTAURUS CAPITAL LT n/a Short (5'746'460) -1.18 (506'570) 06.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Deutsche Bank CHRIS TERRY buy 5 M 1 12 month 13.05.2013 Goldman Sachs PAUL HISSEY neutral/attractive 3 M 1 12 month 13.05.2013 Canaccord Genuity Corp LUKE SMITH buy 5 M 1 12 month 13.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Macquarie MITCH RYAN outperform 5 M 1 12 month 26.04.2013 Bell Potter STEPHEN THOMAS buy 5 M 1 12 month 24.04.2013 RBC Capital Markets STEUART MCINTYRE outperform 5 M 1 12 month 23.04.2013 E.L. & C. Baillieu SOPHIE SPARTALIS buy 5 M 2 12 month 23.04.2013 Nomura DAVID RADCLYFFE neutral 3 M 1 Not Provided 08.03.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 19.07.2012 Argonaut Securities Pty Ltd TROY IRVIN buy 5 U 3 Not Provided 18.06.2012 Holdings By: St Barbara Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 122.
    16.05.2013 Premier Gold MinesLimited is a mining and exploration company focused on developing gold projects worldwide. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (21.09.2012) 6.79 52-Week Low (18.04.2013) 1.57 Daily Volume 1.72 52-Week High % Change -74.67% Dividend Yield 0.00 52-Week Low % Change 9.55% Beta 1.79 % 52 Week Price Range High/Low 2.87% Equity Float 144.31 Shares Out 30.04.2013 149.4 Short Int 5.28 256.90 1 Yr Total Return -52.09% Total Debt 18.50 YTD Return -59.05% Preferred Stock 0.0 Adjusted BETA 1.792 Minority Interest 40.6 Analyst Recs 12 Cash and Equivalents 85.10 Consensus Rating 4.167 Enterprise Value 230.94 Average Volume 5 Day 974'211 PG CN EQUITY YTD Change - Average Volume 30 Day 1'415'851 PG CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'066'926 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.9 0.0 0.0 - - - - - - - #DIV/0! 2932.95x - - - - (3.2) (6.2) (13.2) (11.9) (12.5) (5.4) (12.2) (11.0) (11.0) - - - - - - - 0.00x 0.00x - - - - 0.2 (3.7) (10.9) (16.8) (32.1) (16.8) (32.1) (15.2) (20.8) - - - - - - - 0.00x 0.00x - - - - EBITDA -12.54 Long-Term Rating Date - EBIT -12.60 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.06% Short-Term Rating - Return on Common Equity -9.88% Return on Capital - EBITDA/Interest Exp. -34.03 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -100.44 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -1.51 EBITDA Margin -1325.5% EBIT Margin -1366.1% Total Debt/Equity 5.0% Net Income Margin - Total Debt/Capital 4.3% Asset Turnover 0.00 Current Ratio 5.74 Net Fixed Asset Turnover 0.00 Quick Ratio 5.59 Accounts receivable turnover-days 302.60 Debt to Assets 3.85% Inventory Days - Tot Debt to Common Equity 4.95% Accounts Payable Turnover Day 3549.64 Accounts Receivable Turnover 1.21 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Premier Gold Mines Ltd Price/Volume Valuation Analysis 1'366'168.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 123.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type FMR LLC n/a ULT-AGG 19'258'570 12.89 - 31.03.2013 Investment Advisor GCIC LTD/CANADA n/a Co File 13'896'800 9.3 3'271'500 31.10.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 11'579'722 7.75 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 7'832'701 5.24 (10'800) 31.01.2013 Investment Advisor DOWNIE EWAN S n/a SEDI 3'130'601 2.1 7'500 24.04.2013 n/a LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'900'000 1.94 275'000 31.12.2012 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'318'700 0.88 - 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 1'300'423 0.87 1'896 14.05.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'166'300 0.78 (502'900) 31.03.2013 Hedge Fund Manager SHARE SICAV Multiple Portfolios MF-AGG 947'736 0.63 (148'500) 31.12.2012 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 822'618 0.55 163'248 31.12.2012 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 820'314 0.55 - 28.09.2012 Investment Advisor GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 812'900 0.54 - 31.12.2011 Investment Advisor MIDDLEFIELD SECURITI Multiple Portfolios MF-AGG 800'000 0.54 (100'000) 30.04.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 720'847 0.48 54'600 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 705'900 0.47 - 31.12.2012 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 700'000 0.47 10'000 31.12.2012 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 562'437 0.38 - 15.05.2013 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 556'136 0.37 (15'100) 28.09.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 548'899 0.37 - 31.12.2012 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Stifel CRAIG P STANLEY buy 5 M 4 12 month 03.05.2013 Scotia Capital OVAIS HABIB sector outperform 5 M 6 12 month 23.04.2013 Beacon Securities Ltd MICHAEL CURRAN buy 5 M 6 12 month 19.04.2013 Cantor Fitzgerald ROB CHANG buy 5 M 6 12 month 18.04.2013 Laurentian Bank Securities ERIC LEMIEUX speculative buy 4 M 4 12 month 18.04.2013 CIBC World Markets JEFF KILLEEN sector perform 3 M 7 Not Provided 11.04.2013 Canaccord Genuity Corp STEVEN BUTLER speculative buy 4 M 7 12 month 11.04.2013 Octagon Capital Corporation ANNIE ZHANG speculative buy 4 M 6 12 month 02.04.2013 Stonecap Securities Inc CHRISTOS DOULIS outperform 5 M 6 12 month 28.03.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 5 12 month 12.03.2013 Mackie Research Capital Corp. BARRY D ALLAN speculative buy 4 M #N/A N/A Not Provided 30.01.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013 Holdings By: Premier Gold Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 124.
    16.05.2013 Northern Star ResourcesLtd is an Australian Gold Producer with tenement holdings and gold deposits located in the Ashburton - Pilbara Region of Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (26.11.2012) 1.59 52-Week Low (16.05.2012) 0.61 Daily Volume 0.725 52-Week High % Change -54.26% Dividend Yield 4.83 52-Week Low % Change 19.83% Beta 0.66 % 52 Week Price Range High/Low 14.80% Equity Float 373.09 Shares Out 14.05.2013 424.3 Short Int 5.19 307.60 1 Yr Total Return 20.03% Total Debt 9.43 YTD Return -40.64% Preferred Stock 0.0 Adjusted BETA 0.663 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 64.96 Consensus Rating 4.333 Enterprise Value 268.49 Average Volume 5 Day 3'348'683 NST AU EQUITY YTD Change - Average Volume 30 Day 4'402'472 NST AU EQUITY YTD % CHANGE - Average Volume 3 Month 4'275'693 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - - 114.9 99.5 - - 133.9 164.5 - - - - - 1.11x 2.55x - - 1.91x 1.45x - - (0.1) (5.1) (1.3) 45.1 47.5 - - 75.7 92.4 - - - - - 2.83x 5.35x - - 3.55x 2.91x - - (0.1) (4.7) (1.3) 16.3 22.0 - - 33.4 41.1 - - - - - 7.80x 12.62x - - 9.80x 7.80x - - EBITDA 47.49 Long-Term Rating Date - EBIT 30.02 Long-Term Rating - Operating Margin 30.16% Long-Term Outlook - Pretax Margin 31.60% Short-Term Rating Date - Return on Assets 29.17% Short-Term Rating - Return on Common Equity 42.20% Return on Capital 38.16% EBITDA/Interest Exp. 89.78 Asset Turnover 1.05% (EBITDA-Capex)/Interest Exp. 40.79 Net Debt/EBITDA -0.68 Gross Margin 57.3% Total Debt/EBITDA 0.20 EBITDA Margin 50.7% EBIT Margin 34.2% Total Debt/Equity 10.0% Net Income Margin 22.1% Total Debt/Capital 9.1% Asset Turnover 1.05 Current Ratio 3.13 Net Fixed Asset Turnover 2.27 Quick Ratio 2.68 Accounts receivable turnover-days 0.11 Debt to Assets 7.03% Inventory Days 67.11 Tot Debt to Common Equity 9.97% Accounts Payable Turnover Day 67.12 Accounts Receivable Turnover 3404.63 Cash Conversion Cycle -39.98 Inventory Turnover 5.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Northern Star Resources Ltd Price/Volume Valuation Analysis 4'498'099.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 125.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 31'535'653 7.43 (230'268) 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 26'706'283 6.29 3'981'558 15.05.2013 Investment Advisor INVESTMET LIMITED n/a EXCH 21'946'900 5.17 (18'089'000) 30.11.2012 Corporation PARADICE INVESTMENT n/a EXCH 18'915'010 4.46 (2'872'573) 08.01.2013 Investment Advisor BEAMENT WILLIAM JAME n/a EXCH 12'134'735 2.86 - 30.11.2012 n/a JP MORGAN n/a ULT-AGG 11'803'850 2.78 (1'514'461) 31.03.2013 Investment Advisor FOTIOS MICHAEL GEORG n/a EXCH 7'103'474 1.67 (7'400'000) 30.11.2012 n/a ROWE CHRISTOPHER n/a EXCH 3'986'195 0.94 - 30.11.2012 n/a GCIC LTD/CANADA Multiple Portfolios MF-AGG 3'350'000 0.79 3'350'000 31.12.2012 Investment Advisor MORGAN STANLEY AUSTR n/a EXCH 3'202'580 0.75 (36'529'953) 04.12.2012 Investment Advisor UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'250'000 0.53 - 30.06.2012 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'095'462 0.49 (15'180) 30.09.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 1'638'853 0.39 38'476 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'572'104 0.37 212'438 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'501'596 0.35 - 31.12.2012 Government BROWN KAREN ELIZABET n/a Co File 1'191'666 0.28 - 30.06.2012 n/a MACQUARIE GROUP n/a ULT-AGG 1'168'772 0.28 (310'278) 30.06.2011 Investment Advisor O'CONNOR PETER EDMUN n/a EXCH 850'000 0.2 - 03.12.2012 n/a PARRY RAYMOND JOSEPH n/a Co File 378'334 0.09 - 30.06.2012 n/a OBERWEIS ASSET MANAG Multiple Portfolios MF-AGG 316'200 0.07 316'200 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 1 Not Provided 16.05.2013 RBC Capital Markets STEUART MCINTYRE sector perform 3 M 1 12 month 08.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 1 Not Provided 01.05.2013 Hartleys MIKE MILLIKAN buy 5 M 1 12 month 29.04.2013 Paterson Securities TIM MCCORMACK buy 5 M 1 12 month 29.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 28.02.2013 Holdings By: Northern Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 126.
    16.05.2013 Tanzanian Royalty ExplorationCorporation acquires, explores, and develops mineral properties. The Company explores for gold. Latest Fiscal Year: 08/2012 LTM as of: 02/yy 52-Week High (21.09.2012) 5.34 52-Week Low (18.04.2013) 2.42 Daily Volume 2.63 52-Week High % Change -50.75% Dividend Yield - 52-Week Low % Change 8.68% Beta 1.25 % 52 Week Price Range High/Low 7.19% Equity Float 92.75 Shares Out 30.04.2013 100.7 Short Int 8.19 264.79 1 Yr Total Return -26.54% Total Debt 2.07 YTD Return -40.36% Preferred Stock 0.0 Adjusted BETA 1.246 Minority Interest 0.0 Analyst Recs 0 Cash and Equivalents 20.06 Consensus Rating - Enterprise Value 256.10 Average Volume 5 Day 277'054 TRX US EQUITY YTD Change - Average Volume 30 Day 472'773 TRX US EQUITY YTD % CHANGE - Average Volume 3 Month 474'072 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 02/yy 02/yy 08/13 Y 08/14 Y 05/13 Q3 08/13 Q4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.9) (3.4) (3.0) (4.3) (5.1) (4.6) (5.0) - - - - - - - - - 0.00x 0.00x - - - - (3.7) (4.7) (3.4) (11.1) (8.9) (14.6) (2.2) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -5.06 Long-Term Rating Date - EBIT -5.44 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -3.52% Short-Term Rating - Return on Common Equity -4.13% Return on Capital - EBITDA/Interest Exp. -49.26 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -133.96 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.21 EBITDA Margin - EBIT Margin - Total Debt/Equity 4.1% Net Income Margin - Total Debt/Capital 3.9% Asset Turnover 0.00 Current Ratio 8.84 Net Fixed Asset Turnover 0.00 Quick Ratio 8.68 Accounts receivable turnover-days - Debt to Assets 3.28% Inventory Days - Tot Debt to Common Equity 4.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Tanzanian Royalty Exploration Corp Price/Volume Valuation Analysis 323'081.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 127.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 14'700'030 14.6 1'177'305 15.05.2013 Investment Advisor GEIER GROUP LLC n/a 13G 4'879'743 4.85 (4'801'048) 10.11.2011 Other BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 3'669'696 3.64 (116'921) 28.02.2013 Investment Advisor SINCLAIR JAMES E n/a SEDI 1'885'543 1.87 (1'000) 08.02.2013 n/a BPI GLOBAL INVESTMEN Multiple Portfolios MF-AGG 673'902 0.67 (37'877) 28.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 516'924 0.51 - 14.05.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 498'912 0.5 131'800 31.03.2013 Pension Fund (ERISA) VANGUARD GROUP INC Multiple Portfolios MF-AGG 474'292 0.47 60'200 31.03.2013 Investment Advisor MORROW ROSALIND n/a SEDI 429'429 0.43 5'382 11.03.2013 n/a HARVEY WILLIAM M n/a SEDI 340'090 0.34 7'732 12.04.2013 n/a BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 334'811 0.33 4'654 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 309'070 0.31 - 15.05.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 287'556 0.29 102'344 31.03.2013 Investment Advisor PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 212'810 0.21 250 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 190'479 0.19 22'792 31.03.2013 Investment Advisor LUIS VICTORIA n/a 20F 144'045 0.14 - 31.10.2012 n/a DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 141'479 0.14 (4'090) 31.03.2013 Investment Advisor BANK OF AMERICA CORP BANK OF AMERICA 13F 124'831 0.12 27'380 31.03.2013 Investment Advisor VAN TONGEREN STEVEN n/a SEDI 124'663 0.12 544 09.05.2013 n/a ALTUS CAPITAL INC ALTUS CAPITAL INC 13F 104'500 0.1 56'500 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date #N/A N/A Holdings By: Tanzanian Royalty Exploration Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 128.
    16.05.2013 Real Gold MiningLimited mines gold and processes ore into concentrates containing gold and other minerals for subsequent sale. Latest Fiscal Year: 12/2010 LTM as of: 06/yy 52-Week High (16.05.2012) 8.81 52-Week Low (16.05.2012) 8.81 Daily Volume 8.81 52-Week High % Change 0.00% Dividend Yield 0.60 52-Week Low % Change 0.00% Beta 0.33 % 52 Week Price Range High/Low 0.00% Equity Float 429.41 Shares Out 21.09.2011 908.8 Short Int - 8'006.41 1 Yr Total Return 0.00% Total Debt 0.00 YTD Return 0.00% Preferred Stock 0.0 Adjusted BETA 0.329 Minority Interest 135.1 Analyst Recs 1 Cash and Equivalents 2'965.19 Consensus Rating 5.000 Enterprise Value 3'835.93 Average Volume 5 Day 0 246 HK EQUITY YTD Change - Average Volume 30 Day 0 246 HK EQUITY YTD % CHANGE - Average Volume 3 Month 0 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2006 31.12.2007 31.12.2008 31.12.2009 31.12.2010 06/yy 06/yy 12/11 Y 12/12 Y 09/11 Q3 12/11 Q4 - 8.0 312.3 1'011.2 1'368.2 1'185.7 1'523.7 - - - - - - - 5.88x 5.55x 0.00x 0.00x - - - - (0.1) (1.1) 190.4 768.9 1'187.9 0.0 0.0 - - - - - - - 7.73x 6.39x 0.00x 0.00x - - - - (0.1) (2.2) 103.9 526.7 798.0 650.8 831.3 - - - - - - - 13.02x 12.06x 0.00x 0.00x - - - - EBITDA 1'187.92 Long-Term Rating Date - EBIT 1'149.66 Long-Term Rating - Operating Margin 84.03% Long-Term Outlook - Pretax Margin 80.97% Short-Term Rating Date - Return on Assets 19.98% Short-Term Rating - Return on Common Equity 22.56% Return on Capital 22.32% EBITDA/Interest Exp. - Asset Turnover 0.34% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.50 Gross Margin 77.3% Total Debt/EBITDA 0.00 EBITDA Margin 86.8% EBIT Margin 84.0% Total Debt/Equity 0.0% Net Income Margin 58.3% Total Debt/Capital 0.0% Asset Turnover 0.34 Current Ratio 18.07 Net Fixed Asset Turnover 3.23 Quick Ratio 17.99 Accounts receivable turnover-days 8.79 Debt to Assets 0.00% Inventory Days 8.12 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 0.25 Accounts Receivable Turnover 41.52 Cash Conversion Cycle 16.66 Inventory Turnover 44.95 Fiscal Year Ended Real Gold Mining Ltd Price/Volume Valuation Analysis 0.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 10 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M .0 M 0.0 200.0 400.0 600.0 800.0 1'000.0 1'200.0 1'400.0 1'600.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 04.01.200804.07.200804.01.200904.07.200904.01.201004.07.201004.01.201104.07.201104.01.201204.07.201204.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 129.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type CITIGROUP INCORPORAT n/a EXCH 245'182'757 26.98 - 12.06.2012 Investment Advisor LV DEZHI n/a EXCH 226'250'667 24.9 - 27.09.2012 n/a LEAD HONEST MANAGEME n/a Research 140'000'000 15.41 (234'376'000) 26.09.2012 Other LEAD HONEST MANAGEME n/a Short (126'967'191) -13.97 - 31.12.2011 Other SHI GUANGWEI n/a EXCH 113'125'333 12.45 - 27.09.2012 n/a VALUE PARTNERS GROUP n/a ULT-AGG 77'678'000 8.55 - 26.09.2012 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 19'288'900 2.12 - 15.05.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 17'816'505 1.96 - 31.12.2012 Investment Advisor MANULIFE FUNDS DIREC Multiple Portfolios MF-AGG 16'916'500 1.86 - 30.06.2012 Unclassified OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 10'673'000 1.17 - 31.03.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 9'609'000 1.06 - 28.02.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 7'861'000 0.86 - 31.12.2012 Bank JP MORGAN n/a ULT-AGG 6'089'500 0.67 - 31.12.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 4'499'000 0.5 - 31.01.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 4'353'500 0.48 - 30.06.2011 Investment Advisor DEKA INVESTMENT GMBH Multiple Portfolios MF-AGG 4'103'427 0.45 - 28.12.2012 Investment Advisor FIDEURAM GESTIONS SA Multiple Portfolios MF-AGG 2'762'500 0.3 - 02.05.2013 Investment Advisor ALLIANCE BERNSTEIN n/a ULT-AGG 2'500'500 0.28 - 31.03.2013 Investment Advisor CITIGROUP INCORPORAT n/a Short (2'409'129) -0.27 - 12.06.2012 Investment Advisor SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'788'000 0.2 - 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions TEAM COVERAGE buy 5 N #N/A N/A Not Provided 14.07.2012 BOCOM International Holdings RONGJIN LUO neutral 3 D 9 12 month 03.06.2011 Kingsway SW Securities ZIBO CHEN buy 5 M 19 Not Provided 14.03.2011 Holdings By: Real Gold Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 130.
    16.05.2013 Golden Star ResourcesLtd. is a mid-tier gold mining company. The Company's operating mines are situated along the Ashanti Gold Belt in Ghana, West Africa. Latest Fiscal Year: 12/1997 LTM as of: 03/yy 52-Week High (16.10.2012) 2.11 52-Week Low (15.05.2013) 0.66 Daily Volume 0.7 52-Week High % Change -66.82% Dividend Yield 0.00 52-Week Low % Change 6.06% Beta 1.06 % 52 Week Price Range High/Low 2.76% Equity Float 257.69 Shares Out 08.05.2013 259.1 Short Int 12.89 181.37 1 Yr Total Return -44.88% Total Debt 117.48 YTD Return -61.96% Preferred Stock 0.0 Adjusted BETA 1.057 Minority Interest (2.0) Analyst Recs 10 Cash and Equivalents 78.88 Consensus Rating 2.200 Enterprise Value 228.15 Average Volume 5 Day 3'531'699 GSS US EQUITY YTD Change - Average Volume 30 Day 2'504'985 GSS US EQUITY YTD % CHANGE - Average Volume 3 Month 2'193'966 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 257.4 - 432.7 471.0 550.5 485.5 552.4 481.9 487.2 123.0 123.7 1.43x - 2.72x 0.98x 0.95x 4.31x 3.44x 0.60x 0.58x 1.96x 2.05x 1.8 - 107.6 91.8 124.7 94.4 117.0 77.4 117.8 26.0 27.8 200.09x - 10.93x 5.00x 4.18x 5.74x 3.95x 2.95x 1.94x 2.24x 2.36x (119.3) - (11.2) (2.1) (9.5) 1.1 (25.2) (9.0) 26.7 0.4 2.2 - - - - - 0.00x 0.00x - 8.24x - 21.88x EBITDA 124.67 Long-Term Rating Date - EBIT 25.74 Long-Term Rating - Operating Margin 4.68% Long-Term Outlook - Pretax Margin 1.20% Short-Term Rating Date - Return on Assets -3.45% Short-Term Rating - Return on Common Equity -5.78% Return on Capital - EBITDA/Interest Exp. 12.27 Asset Turnover 0.76% (EBITDA-Capex)/Interest Exp. 3.56 Net Debt/EBITDA 0.43 Gross Margin 9.6% Total Debt/EBITDA 0.95 EBITDA Margin 21.2% EBIT Margin 2.9% Total Debt/Equity 27.1% Net Income Margin -1.7% Total Debt/Capital 21.4% Asset Turnover 0.76 Current Ratio 1.58 Net Fixed Asset Turnover 1.06 Quick Ratio 0.69 Accounts receivable turnover-days 7.91 Debt to Assets 16.18% Inventory Days 61.01 Tot Debt to Common Equity 27.10% Accounts Payable Turnover Day 51.20 Accounts Receivable Turnover 46.13 Cash Conversion Cycle -1.28 Inventory Turnover 5.98 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Golden Star Resources Ltd Price/Volume Valuation Analysis 3'521'219.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 0.0 100.0 200.0 300.0 400.0 500.0 600.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 131.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 39'316'268 15.17 3'237'877 15.05.2013 Investment Advisor SENTRY SELECT CAPITA SENTRY SELECT CAPITA 13F 28'879'600 11.15 (1'359'000) 31.03.2013 Investment Advisor HEARTLAND ADVISORS I HEARTLAND ADVISORS I 13F 26'830'259 10.35 844'389 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 10'793'356 4.17 723'887 14.05.2013 Investment Advisor HILLSDALE INVESTMENT HILLSDALE INVESTMENT 13F 7'898'726 3.05 1'617'352 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 5'237'500 2.02 5'237'500 31.03.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 4'819'436 1.86 (1'475'687) 31.03.2013 Investment Advisor STATE STREET n/a ULT-AGG 4'558'095 1.76 12'016 31.03.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 4'350'000 1.68 4'350'000 31.03.2013 Hedge Fund Manager WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 3'221'423 1.24 (492'267) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 3'178'325 1.23 (308'600) 31.03.2013 Pension Fund (ERISA) NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'972'612 1.15 (92'341) 31.03.2013 Investment Advisor BATTERYMARCH FINANCI BATTERYMARCH FINANCI 13F 2'625'741 1.01 - 31.03.2013 Investment Advisor NORGES BANK NORGES BANK 13F 1'934'059 0.75 - 31.12.2012 Government CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 1'870'572 0.72 1'267'792 31.03.2013 Investment Advisor MD MANAGEMENT LTD Multiple Portfolios MF-AGG 1'795'127 0.69 (50'700) 31.03.2013 Investment Advisor LEGG MASON CAPITAL M Multiple Portfolios MF-AGG 1'467'781 0.57 - 31.03.2013 Investment Advisor PRINCIPAL FINANCIAL n/a ULT-AGG 1'271'090 0.49 (619'837) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 1'235'376 0.48 (1'024'176) 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'175'635 0.45 455'015 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW BREICHMANAS underperform 1 D 1 Not Provided 14.05.2013 Canaccord Genuity Corp RAHUL PAUL hold 3 M 1 12 month 13.05.2013 Macquarie PIERRE VAILLANCOURT neutral 3 M 1 12 month 11.05.2013 Raymond James BRAD HUMPHREY market perform 3 M 1 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 2 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 10.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 09.05.2013 CIBC World Markets COSMOS CHIU sector underperform 1 D 1 Not Provided 09.05.2013 Scotia Capital TREVOR TURNBULL sector underperform 1 D 0 12 month 23.04.2013 Holdings By: Golden Star Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 132.
    16.05.2013 Romarco Minerals, Inc.is an emerging gold producer. The Company's flagship project is the Haile Gold Mine in South Carolina. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (17.09.2012) 1.40 52-Week Low (15.05.2013) 0.37 Daily Volume 0.37 52-Week High % Change -73.57% Dividend Yield 0.00 52-Week Low % Change 0.00% Beta 1.16 % 52 Week Price Range High/Low 0.00% Equity Float 581.16 Shares Out 30.04.2013 585.4 Short Int 0.44 216.59 1 Yr Total Return -52.56% Total Debt 0.00 YTD Return -51.95% Preferred Stock 0.0 Adjusted BETA 1.165 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 64.78 Consensus Rating 4.167 Enterprise Value 163.39 Average Volume 5 Day 1'072'823 R CN EQUITY YTD Change - Average Volume 30 Day 1'675'935 R CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'412'582 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.6) (7.3) (65.4) (15.3) (11.8) (15.9) (11.6) (8.0) (8.0) - - - - - - - 0.00x 0.00x - - - - (4.5) (7.2) (66.2) (15.7) (11.9) (14.5) (12.0) (7.8) (12.0) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.81 Long-Term Rating Date - EBIT -12.13 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.72% Short-Term Rating - Return on Common Equity -4.88% Return on Capital - EBITDA/Interest Exp. -58.20 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -263.13 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.88 Net Fixed Asset Turnover 0.00 Quick Ratio 5.81 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Romarco Minerals Inc Price/Volume Valuation Analysis 1'066'854.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 133.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 148'952'579 25.45 28'585'573 14.05.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 46'391'088 7.92 - 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 45'178'500 7.72 (1'398'000) 28.03.2013 Investment Advisor OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 30'127'000 5.15 - 31.03.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 24'008'527 4.1 - 31.12.2012 Government TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 21'188'200 3.62 53'500 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 19'245'100 3.29 85'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 15'429'733 2.64 - 31.03.2013 Investment Advisor COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 11'682'793 2 (147'237) 31.01.2013 Bank TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 11'093'500 1.9 (147'500) 31.12.2012 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 8'551'000 1.46 - 27.12.2012 Hedge Fund Manager GAMCO n/a ULT-AGG 5'550'000 0.95 - 31.12.2012 Unclassified QUANTEX AG Multiple Portfolios MF-AGG 3'750'000 0.64 (100'000) 29.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'000'000 0.51 - 31.12.2012 Bank GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 2'975'080 0.51 - 28.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'931'235 0.5 253'000 31.03.2013 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 2'828'384 0.48 (520'200) 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 2'266'700 0.39 - 31.12.2012 Hedge Fund Manager COLONIAL FIRST STATE Multiple Portfolios MF-AGG 1'959'403 0.33 - 19.10.2012 Investment Advisor GARRETT DIANE RENEE n/a SEDI 1'568'000 0.27 31'500 19.04.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial PAOLO LOSTRITTO outperform 5 M 2 12 month 10.05.2013 BMO Capital Markets ANDREW KAIP market perform 3 M 1 Not Provided 02.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 1 12 month 22.04.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 1 12 month 02.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 2 12 month 11.03.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 N 2 12 month 28.09.2012 Holdings By: Romarco Minerals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 134.
    16.05.2013 Banro Corporation, throughits subsidiary, explores and develops gold properties. The Company currently holds mining permits and mining concessions in the Democratic Republic of Congo in Africa. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 5.03 52-Week Low (07.05.2013) 0.95 Daily Volume 1.09 52-Week High % Change -78.33% Dividend Yield 0.00 52-Week Low % Change 14.74% Beta 1.93 % 52 Week Price Range High/Low 3.43% Equity Float 249.62 Shares Out 30.04.2013 252.1 Short Int 6.26 274.79 1 Yr Total Return -68.86% Total Debt 154.69 YTD Return -60.79% Preferred Stock 0.0 Adjusted BETA 1.928 Minority Interest 0.0 Analyst Recs 6 Cash and Equivalents 27.05 Consensus Rating 2.833 Enterprise Value 397.49 Average Volume 5 Day 1'884'234 BAA CN EQUITY YTD Change - Average Volume 30 Day 2'152'675 BAA CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'262'718 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 42.6 0.0 75.8 146.0 353.0 32.2 26.9 - - - - 16.23x #DIV/0! 32.93x - - - - (6.2) (7.6) (10.3) (10.2) 6.0 (11.0) 9.4 46.1 164.0 - - - - - - 114.64x 0.00x 0.00x 8.63x 2.42x - - (8.5) (4.8) (3.0) (9.3) (4.6) (11.3) 5.2 15.4 79.3 - - 9.34x - - - - 0.00x 57.06x 18.45x 3.39x 14.27x 6.49x EBITDA 6.03 Long-Term Rating Date - EBIT -2.06 Long-Term Rating - Operating Margin -4.84% Long-Term Outlook - Pretax Margin -10.70% Short-Term Rating Date - Return on Assets -0.86% Short-Term Rating - Return on Common Equity -1.12% Return on Capital - EBITDA/Interest Exp. 2.62 Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -57.93 Net Debt/EBITDA 21.15 Gross Margin 29.2% Total Debt/EBITDA 25.64 EBITDA Margin 14.2% EBIT Margin -4.8% Total Debt/Equity 36.5% Net Income Margin -10.7% Total Debt/Capital 26.8% Asset Turnover 0.08 Current Ratio 1.06 Net Fixed Asset Turnover 0.11 Quick Ratio 0.47 Accounts receivable turnover-days - Debt to Assets 24.33% Inventory Days - Tot Debt to Common Equity 36.54% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Banro Corp Price/Volume Valuation Analysis 1'836'889.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 135.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BLACKROCK n/a ULT-AGG 29'151'624 11.56 - 14.05.2013 Investment Advisor JP MORGAN n/a ULT-AGG 24'223'469 9.61 72'185 31.03.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 22'439'310 8.9 - 30.04.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 16'010'002 6.35 - 15.05.2013 Investment Advisor IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 14'067'000 5.58 4'088'200 31.12.2012 Investment Advisor TRADEWINDS GLOBAL IN TRADEWINDS GLOBAL IN 13F 11'716'838 4.65 7'631'297 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 10'721'545 4.25 41'100 31.03.2013 Hedge Fund Manager ACUITY INVESTMENT MA ACUITY INVESTMENT MA 13F 8'156'000 3.24 3'531'100 31.03.2013 Investment Advisor WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 6'252'125 2.48 1'416'340 31.03.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 3'887'474 1.54 (135'897) 28.02.2013 Investment Advisor FIERA CAPITAL CORPOR Multiple Portfolios MF-AGG 2'886'582 1.15 (948'300) 28.02.2013 Investment Advisor FMR LLC n/a ULT-AGG 2'466'182 0.98 (6'554'178) 31.03.2013 Investment Advisor FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 2'152'177 0.85 (4'660'861) 31.03.2013 Investment Advisor BRISTOL INVESTMENT P BRISTOL INVESTMENT P 13F 2'026'058 0.8 (41'296) 31.03.2013 Hedge Fund Manager NUVEEN ASSET MANAGEM Multiple Portfolios MF-AGG 1'985'433 0.79 1'699'554 31.03.2013 Investment Advisor PUBLIC SECTOR PENSIO PUBLIC SECTOR PENSIO 13F 1'944'700 0.77 65'300 31.03.2013 Investment Advisor OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 1'827'360 0.72 1'827'360 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'438'715 0.57 (865'900) 31.03.2013 Pension Fund (ERISA) RUFFER LLP Multiple Portfolios MF-AGG 1'400'000 0.56 - 27.12.2012 Hedge Fund Manager DEUTSCHE BANK AG DEUTSCHE BANK AKTIEN 13F 1'347'995 0.53 (703'421) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 3 12 month 10.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 2 Not Provided 09.05.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 2 Not Provided 08.05.2013 GMP BROCK SALIER buy 5 M 2 12 month 08.05.2013 Goldman Sachs EUGENE KING Sell/Neutral 1 D 1 12 month 03.05.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 10.04.2013 Holdings By: Banro Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 136.
    16.05.2013 Colossus Minerals Inc.is a mineral exploration and production company. The Company explores for and develops gold-platinum-palladium properties in Brazil. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (20.09.2012) 6.03 52-Week Low (18.04.2013) 1.73 Daily Volume 1.83 52-Week High % Change -69.65% Dividend Yield 0.00 52-Week Low % Change 5.78% Beta 1.56 % 52 Week Price Range High/Low 2.33% Equity Float 90.39 Shares Out 30.04.2013 107.0 Short Int 3.06 195.72 1 Yr Total Return -50.54% Total Debt 72.14 YTD Return -60.30% Preferred Stock 0.0 Adjusted BETA 1.564 Minority Interest 2.7 Analyst Recs 5 Cash and Equivalents 63.59 Consensus Rating 4.600 Enterprise Value 203.45 Average Volume 5 Day 738'507 CSI CN EQUITY YTD Change - Average Volume 30 Day 1'324'510 CSI CN EQUITY YTD % CHANGE - Average Volume 3 Month 1'460'940 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.07.2008 31.07.2009 31.07.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42.1 287.7 - - - - - - - #DIV/0! #DIV/0! 3.86x -0.06x - - (2.5) (2.7) (9.5) (29.3) (32.9) (29.3) (32.9) 12.1 208.0 (7.0) (7.0) - - - - - 0.00x 0.00x 16.81x 0.98x 16.58x 3.40x (2.3) (4.6) (9.7) (32.1) (30.1) (32.1) (30.1) (6.6) 136.7 (8.7) (8.7) - - - - - 0.00x 0.00x - 2.13x - 5.13x EBITDA -32.86 Long-Term Rating Date - EBIT -33.29 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -11.68% Short-Term Rating - Return on Common Equity -23.01% Return on Capital - EBITDA/Interest Exp. -7.02 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -26.45 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -2.20 EBITDA Margin - EBIT Margin - Total Debt/Equity 62.4% Net Income Margin - Total Debt/Capital 37.9% Asset Turnover 0.00 Current Ratio 4.66 Net Fixed Asset Turnover 0.00 Quick Ratio 4.55 Accounts receivable turnover-days - Debt to Assets 25.80% Inventory Days - Tot Debt to Common Equity 62.37% Accounts Payable Turnover Day 3704.00 Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover 0.00 Fiscal Year Ended Colossus Minerals Inc Price/Volume Valuation Analysis 1'091'766.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 137.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ARIAS RESOURCE CAPIT n/a Co File 13'223'900 12.36 - 22.04.2013 Private Equity ACUITY INVESTMENT MA n/a Co File 10'530'371 9.85 - 31.10.2012 Investment Advisor SPROTT ASSET MANAGEM n/a Co File 9'947'500 9.3 (1'572'900) 28.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 9'179'634 8.58 (4'522) 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 4'883'500 4.57 29'000 28.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'860'635 3.61 397'528 31.03.2013 Investment Advisor SUSSMAN ARI B n/a SEDI 1'761'401 1.65 50'000 27.06.2012 n/a MCLEAN BUDDEN LTD Multiple Portfolios MF-AGG 1'457'780 1.36 (41'820) 28.03.2013 Investment Advisor MANULIFE ASSET MANAG Multiple Portfolios MF-AGG 1'093'732 1.02 (58'132) 28.02.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 1'060'133 0.99 4 31.12.2012 Investment Advisor JP MORGAN n/a ULT-AGG 1'049'000 0.98 - 31.12.2012 Investment Advisor KISHIDA AUGUSTO n/a SEDI 958'000 0.9 - 09.08.2012 n/a BLACKROCK n/a ULT-AGG 698'287 0.65 - 14.05.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 525'000 0.49 - 31.12.2012 Investment Advisor DEUTSCHE BANK AG Multiple Portfolios MF-AGG 495'323 0.46 (31'792) 29.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 486'563 0.45 - 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 321'612 0.3 - 28.09.2012 Investment Advisor FROSTIAK JOHN n/a SEDI 229'800 0.21 50'000 16.02.2013 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 207'600 0.19 - 30.11.2012 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 180'500 0.17 - 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 8 12 month 07.05.2013 Stifel CRAIG P STANLEY buy 5 M 4 12 month 03.05.2013 Clarus Securities JAMIE SPRATT speculative buy 4 M 8 12 month 03.05.2013 Macquarie MICHAEL GRAY outperform 5 M 3 12 month 25.04.2013 GMP GEORGE V ALBINO buy 5 M 12 Not Provided 01.04.2013 Holdings By: Colossus Minerals Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 138.
    16.05.2013 Rainy River ResourcesLtd. is a gold exploration and production company. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (10.10.2012) 6.17 52-Week Low (17.04.2013) 1.97 Daily Volume 2.11 52-Week High % Change -65.80% Dividend Yield 0.00 52-Week Low % Change 7.11% Beta 1.16 % 52 Week Price Range High/Low 3.33% Equity Float 97.77 Shares Out 30.04.2013 100.0 Short Int 0.57 210.94 1 Yr Total Return -38.48% Total Debt 0.13 YTD Return -57.55% Preferred Stock 0.0 Adjusted BETA 1.162 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 102.12 Consensus Rating 4.000 Enterprise Value 108.96 Average Volume 5 Day 511'350 RR CN EQUITY YTD Change - Average Volume 30 Day 563'783 RR CN EQUITY YTD % CHANGE - Average Volume 3 Month 626'941 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.09.2008 30.09.2009 30.09.2010 30.09.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 - - - - - - - #DIV/0! #DIV/0! 113.34x -67.06x - - (2.6) (4.2) (9.1) (16.1) (64.6) (31.6) (45.2) (15.2) (14.5) - - - - - - - 0.00x 0.00x - - - - (1.0) (3.6) (6.8) (13.5) (65.9) (29.6) (57.5) (23.3) (22.9) - - - - - - - 0.00x 0.00x - - - - EBITDA -64.60 Long-Term Rating Date - EBIT -64.98 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -33.90% Short-Term Rating - Return on Common Equity -35.35% Return on Capital - EBITDA/Interest Exp. -10003.84 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -12740.42 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.1% Net Income Margin - Total Debt/Capital 0.1% Asset Turnover 0.00 Current Ratio 15.73 Net Fixed Asset Turnover 0.00 Quick Ratio 15.71 Accounts receivable turnover-days - Debt to Assets 0.08% Inventory Days - Tot Debt to Common Equity 0.09% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Rainy River Resources Ltd Price/Volume Valuation Analysis 351'927.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 139.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 9'944'915 9.95 (140'306) 15.05.2013 Investment Advisor SALIDA CAPITAL LP n/a Co File 8'043'070 8.05 (655'430) 30.11.2011 Investment Advisor FMR LLC n/a ULT-AGG 3'380'400 3.38 359'000 31.03.2013 Investment Advisor JP MORGAN n/a ULT-AGG 3'170'900 3.17 313'000 31.03.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 1'756'100 1.76 - 31.01.2013 Investment Advisor BEREZAN LEO n/a SEDI 1'334'048 1.33 17'000 22.05.2012 n/a QUANTEX AG Multiple Portfolios MF-AGG 830'000 0.83 118'000 29.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 800'000 0.8 800'000 31.12.2012 Investment Advisor BLACKROCK n/a ULT-AGG 623'686 0.62 - 14.05.2013 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 539'677 0.54 - 14.05.2013 Investment Advisor INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 538'228 0.54 (409'100) 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 461'000 0.46 61'400 31.03.2013 Investment Advisor CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 453'100 0.45 (2'600) 31.12.2012 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 401'000 0.4 - 31.03.2013 Investment Advisor AVERILL STUART ALLAN n/a SEDI 360'000 0.36 5'000 06.02.2013 n/a LAZARIDIS MICHAEL n/a SEDI 355'000 0.36 - 14.03.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 343'467 0.34 - 28.09.2012 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 306'835 0.31 - 15.05.2013 Investment Advisor UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 300'000 0.3 - 30.06.2012 Investment Advisor SOCIETE GENERALE Multiple Portfolios MF-AGG 255'600 0.26 (25'700) 31.12.2012 Bank Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 14.05.2013 Desjardins Securities ADAM MELNYK buy 5 M 6 Not Provided 14.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 8 12 month 14.05.2013 Stifel CRAIG P STANLEY hold 3 M #N/A N/A Not Provided 03.05.2013 Casimir Capital ERIC WINMILL speculative buy 4 M 7 12 month 01.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 6 12 month 23.04.2013 CIBC World Markets JEFF KILLEEN sector perform 3 M 7 Not Provided 12.04.2013 RBC Capital Markets SAM CRITTENDEN sector perform 3 M 5 12 month 11.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 9 12 month 17.09.2012 Holdings By: Rainy River Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 140.
    16.05.2013 Sulliden Gold CorpLtd. is a mineral exploration company. The Company is focused on the development of its Shahuindo Gold Project located in northern Peru. Latest Fiscal Year: 04/2012 LTM as of: 01/yy 52-Week High (23.08.2012) 1.44 52-Week Low (15.04.2013) 0.66 Daily Volume 0.82 52-Week High % Change -43.13% Dividend Yield 0.00 52-Week Low % Change 24.24% Beta 1.44 % 52 Week Price Range High/Low 20.46% Equity Float 236.50 Shares Out 30.04.2013 270.7 Short Int 0.18 222.01 1 Yr Total Return -10.87% Total Debt 0.00 YTD Return -11.83% Preferred Stock 0.0 Adjusted BETA 1.444 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 47.34 Consensus Rating 4.778 Enterprise Value 202.18 Average Volume 5 Day 1'230'300 SUE CN EQUITY YTD Change - Average Volume 30 Day 964'664 SUE CN EQUITY YTD % CHANGE - Average Volume 3 Month 768'794 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.04.2008 30.04.2009 30.04.2010 30.04.2011 30.04.2012 01/yy 01/yy 04/13 Y 04/14 Y 04/13 Q4 07/13 Q1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (2.5) - (6.2) (8.8) (11.9) (11.8) (4.3) (5.2) (7.4) - - - - - - - 0.00x 0.00x - - - - (4.2) (2.6) (4.4) (10.3) (13.3) (13.6) (4.9) (3.6) (11.3) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.95 Long-Term Rating Date - EBIT -11.95 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -2.59% Short-Term Rating - Return on Common Equity -2.69% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA -0.05 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 23.62 Net Fixed Asset Turnover 0.00 Quick Ratio 23.62 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Sulliden Gold Corp Ltd Price/Volume Valuation Analysis 2'032'264.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 2.0 M 4.0 M 6.0 M 8.0 M 10.0 M 12.0 M 14.0 M 16.0 M 18.0 M 0.0 0.1 0.1 0.2 0.2 0.3 0.3 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 141.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type AGNICO-EAGLE MINES L n/a SEDI 26'966'292 9.96 - 09.04.2013 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 18'957'246 7 - 15.05.2013 Investment Advisor ABERDEEN INTERNATION n/a Co File 15'904'572 5.87 - 31.07.2012 Unclassified ROYAL BANK OF CANADA n/a ULT-AGG 9'517'800 3.52 - 31.12.2012 Bank POWER CORP OF CANADA n/a ULT-AGG 5'573'512 2.06 12 31.01.2013 Holding Company FMR LLC n/a ULT-AGG 5'403'200 2 2'332'800 31.03.2013 Investment Advisor BEUTEL GOODMAN & COM Multiple Portfolios MF-AGG 5'166'300 1.91 - 31.03.2013 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 2'907'900 1.07 - 31.01.2013 Investment Advisor ACUITY INVESTMENT MA Multiple Portfolios MF-AGG 2'341'926 0.87 (730'700) 28.09.2012 Investment Advisor BHARTI STAN n/a SEDI 1'563'955 0.58 (325'000) 08.02.2013 n/a FERNANDEZ-CONCHA STU n/a SEDI 1'435'000 0.53 250'000 20.10.2011 n/a COLEMAN JAMES H n/a SEDI 1'108'614 0.41 - 21.10.2011 n/a FIRST TRUST ADVISORS Multiple Portfolios MF-AGG 920'363 0.34 46'526 28.03.2013 Investment Advisor HUMPHREY RAYMOND BRU n/a PROXY 862'978 0.32 - 05.09.2012 n/a MOORE GEOFFREY S n/a SEDI 829'423 0.31 100'000 04.10.2012 n/a UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 800'000 0.3 - 30.06.2012 Investment Advisor FRONT BARNETT ASSOCI FRONT BARNETT ASSOCI 13F 609'700 0.23 - 31.03.2013 Investment Advisor AMIREAULT STEPHANE n/a SEDI 516'500 0.19 200'000 30.03.2013 n/a SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 510'000 0.19 - 28.02.2013 Investment Advisor NCF SOC ADMIN DE FON Multiple Portfolios MF-AGG 375'000 0.14 - 03.08.2011 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial STEPHEN PARSONS outperform 5 M 2 12 month 10.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 2 12 month 22.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 1 Not Provided 16.04.2013 Desjardins Securities ADAM MELNYK buy 5 M 2 Not Provided 16.04.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 Not Provided 16.04.2013 GMP GEORGE V ALBINO buy 5 M 2 12 month 16.04.2013 Kallpa Securities SAB HUMBERTO LEON overweight 5 M 2 12 month 12.04.2013 Mine2Capital Inc ALKA SINGH buy 5 N 2 Not Provided 24.12.2012 Holdings By: Sulliden Gold Corp Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 142.
    16.05.2013 Asanko Gold Inc.is a gold development company focussing on near term gold production at its Esaase gold project in Ghana, West Africa. Latest Fiscal Year: 03/2012 LTM as of: 12/yy 52-Week High (09.11.2012) 4.39 52-Week Low (14.05.2013) 2.25 Daily Volume 2.35 52-Week High % Change -46.47% Dividend Yield 0.00 52-Week Low % Change 4.44% Beta 1.42 % 52 Week Price Range High/Low 4.67% Equity Float 75.26 Shares Out 30.04.2013 85.0 Short Int 0.19 199.83 1 Yr Total Return -11.65% Total Debt 0.00 YTD Return -40.51% Preferred Stock 0.0 Adjusted BETA 1.419 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 197.61 Consensus Rating 3.750 Enterprise Value 10.42 Average Volume 5 Day 292'320 AKG CN EQUITY YTD Change - Average Volume 30 Day 216'864 AKG CN EQUITY YTD % CHANGE - Average Volume 3 Month 261'308 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (4.0) (3.2) (6.3) (38.4) (35.6) (49.2) (31.2) (10.6) (12.9) - - - - - - - 0.00x 0.00x - - - - (4.2) (3.7) (6.4) (34.9) (38.2) (41.4) (21.6) (11.7) (20.1) - - - - - - - 0.00x 0.00x - - - - EBITDA -35.61 Long-Term Rating Date - EBIT -36.23 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.07% Short-Term Rating - Return on Common Equity -8.49% Return on Capital - EBITDA/Interest Exp. -628.60 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -658.98 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 41.24 Net Fixed Asset Turnover 0.00 Quick Ratio 41.05 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Asanko Gold Inc Price/Volume Valuation Analysis 296'687.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 143.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 8'900'057 10.47 840'782 15.05.2013 Investment Advisor HIGHLAND PARK SA n/a SEDI 8'191'174 9.63 - 13.11.2012 Other BLACKROCK n/a ULT-AGG 5'720'748 6.73 - 14.05.2013 Investment Advisor BEUTEL GOODMAN & COM n/a 13G 5'457'500 6.42 477'500 31.12.2012 Investment Advisor SPROTT INC n/a 13G 3'702'527 4.35 (546'938) 31.12.2012 Hedge Fund Manager POWER CORP OF CANADA n/a ULT-AGG 3'640'600 4.28 1'480'300 31.03.2013 Holding Company JP MORGAN n/a ULT-AGG 3'234'225 3.8 - 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 3'195'867 3.76 (506'660) 31.03.2013 Hedge Fund Manager IG INVESTMENT MANAGE IG INVESTMENT MANAGE 13F 1'248'900 1.47 382'700 31.12.2012 Investment Advisor SALI ROBERT J n/a SEDI 830'000 0.98 150'000 16.05.2012 n/a ROYAL BANK OF CANADA n/a ULT-AGG 690'256 0.81 21'712 31.03.2013 Bank GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 606'745 0.71 606'745 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 566'900 0.67 476'900 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 501'083 0.59 356'659 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 451'000 0.53 - 31.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 436'649 0.51 69'400 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 371'976 0.44 131'309 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 350'000 0.41 - 27.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 267'599 0.31 (12'274) 31.03.2013 Investment Advisor JONES HEWARD INVESTM Multiple Portfolios MF-AGG 261'112 0.31 - 15.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets JEFF KILLEEN sector perform 3 M 4 12 month 15.05.2013 Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 4 12 month 15.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 6 12 month 15.05.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 3 Not Provided 14.05.2013 RBC Capital Markets JONATHAN GUY sector perform 3 M 3 12 month 14.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 5 Not Provided 14.05.2013 Jennings Capital DAN HRUSHEWSKY buy 5 M 5 12 month 14.05.2013 Scotia Capital LEILY OMOUMI sector perform 3 M 5 12 month 23.04.2013 Holdings By: Asanko Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 144.
    16.05.2013 Bear Creek MiningCorporation acquires and explores mineral properties. The Company is currently conducting silver and gold exploration activities on its prospects located in Peru. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (01.10.2012) 3.81 52-Week Low (15.05.2013) 1.81 Daily Volume 1.85 52-Week High % Change -51.44% Dividend Yield 0.00 52-Week Low % Change 2.21% Beta 1.08 % 52 Week Price Range High/Low 2.00% Equity Float 75.40 Shares Out 30.04.2013 92.2 Short Int 0.06 170.61 1 Yr Total Return -23.24% Total Debt 0.00 YTD Return -45.10% Preferred Stock 0.0 Adjusted BETA 1.082 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 68.45 Consensus Rating 4.000 Enterprise Value 99.08 Average Volume 5 Day 104'810 BCM CN EQUITY YTD Change - Average Volume 30 Day 147'478 BCM CN EQUITY YTD % CHANGE - Average Volume 3 Month 144'536 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (16.5) (8.7) (16.8) (29.5) (31.2) (29.5) (31.2) (19.4) (21.7) - - - - - - - 0.00x 0.00x - - - - (18.1) (8.7) (16.3) (29.7) (31.0) (29.7) (31.0) (19.1) (18.1) - - - - - - - 0.00x 0.00x - - - - EBITDA -31.20 Long-Term Rating Date - EBIT -31.32 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -19.68% Short-Term Rating - Return on Common Equity -20.20% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 32.85 Net Fixed Asset Turnover 0.00 Quick Ratio 32.66 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Bear Creek Mining Corp Price/Volume Valuation Analysis 123'278.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 1.8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 145.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SILVER WHEATON CORP n/a PROXY 13'264'305 14.38 - 17.04.2012 Corporation TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 9'422'575 10.22 20'000 31.03.2013 Hedge Fund Manager SPROTT INC #N/A N/A Co File 9'042'064 9.8 (729'993) 30.04.2013 Hedge Fund Manager ATLANTIC INVESTMENT ATLANTIC INVESTMENT 13F 8'584'360 9.31 216'810 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 6'067'572 6.58 - 15.05.2013 Investment Advisor ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 1'542'800 1.67 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'267'900 1.37 23'200 14.05.2013 Investment Advisor KEM CAPITAL LLC n/a SEDI 1'081'262 1.17 - 21.03.2012 Investment Advisor MCLEOD-SELTZER CATHE n/a PROXY 966'562 1.05 - 17.04.2012 n/a SWARTHOUT ANDREW n/a SEDI 879'592 0.95 5'000 06.12.2012 n/a VANGUARD GROUP INC Multiple Portfolios MF-AGG 750'000 0.81 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 660'000 0.72 - 31.12.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 559'000 0.61 - 28.02.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 457'000 0.5 - 31.03.2013 Investment Advisor DE WITT DAVID E n/a PROXY 375'650 0.41 - 17.04.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 240'867 0.26 - 28.09.2012 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 204'600 0.22 - 28.09.2012 Investment Advisor DEAN COREY M n/a SEDI 185'000 0.2 35'000 11.11.2010 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 146'500 0.16 20'100 28.02.2013 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 132'000 0.14 - 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date BMO Capital Markets ANDREW KAIP speculative outperform 4 M 3 Not Provided 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 5 12 month 07.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 4 12 month 24.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 M 4 12 month 04.04.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 6 12 month 16.11.2011 Holdings By: Bear Creek Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 146.
    16.05.2013 Paramount Gold andSilver Corporation explores for precious metals in Mexico. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 2.82 52-Week Low (10.05.2013) 1.34 Daily Volume 1.38 52-Week High % Change -51.06% Dividend Yield - 52-Week Low % Change 2.99% Beta 1.15 % 52 Week Price Range High/Low 2.70% Equity Float 123.65 Shares Out 03.05.2013 155.5 Short Int 15.71 214.63 1 Yr Total Return -31.34% Total Debt 0.00 YTD Return -40.52% Preferred Stock 0.0 Adjusted BETA 1.153 Minority Interest 0.0 Analyst Recs 1 Cash and Equivalents 20.00 Consensus Rating 5.000 Enterprise Value 200.34 Average Volume 5 Day 534'754 PZG US EQUITY YTD Change - Average Volume 30 Day 847'838 PZG US EQUITY YTD % CHANGE - Average Volume 3 Month 849'763 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 0.0 0.0 0.0 0.2 0.1 0.1 0.1 - - - - - - - 2370.69x 4555.15x 14099.12x 17031.05x - - - - (18.8) (7.3) (8.6) (11.6) (17.9) (15.9) (13.1) (8.0) (8.0) - - - - - - - 0.00x 0.00x - - - - (18.4) (7.2) (5.4) (28.5) (12.1) (3.7) (8.1) - - - - - - - - - 0.00x 0.00x - - - - EBITDA -17.95 Long-Term Rating Date - EBIT -18.02 Long-Term Rating - Operating Margin -24647.56% Long-Term Outlook - Pretax Margin -16534.40% Short-Term Rating Date - Return on Assets -16.27% Short-Term Rating - Return on Common Equity -19.70% Return on Capital - EBITDA/Interest Exp. -1685.54 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1699.47 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin -29165.2% EBIT Margin -29280.4% Total Debt/Equity 0.0% Net Income Margin -16534.4% Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 1.82 Net Fixed Asset Turnover 0.00 Quick Ratio 1.77 Accounts receivable turnover-days 7443.11 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.05 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Paramount Gold and Silver Corp Price/Volume Valuation Analysis 571'396.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 147.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type FCMI FINANCIAL CORP n/a 13D 24'444'234 15.72 1'170'732 12.03.2013 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 9'548'229 6.14 1'257'651 15.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 6'329'298 4.07 (110'324) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 5'522'962 3.55 451'575 14.05.2013 Investment Advisor CRUPI CHRISTOPHER n/a Form 4 3'992'766 2.57 29'500 17.04.2013 n/a STATE STREET n/a ULT-AGG 2'108'527 1.36 (484) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'491'776 0.96 (100'804) 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'042'771 0.67 325'683 31.03.2013 Investment Advisor FRONK RUDI P n/a SEDI 1'025'000 0.66 800'000 10.01.2011 n/a ROTHSCHILD & COMPAGN Multiple Portfolios MF-AGG 1'000'000 0.64 - 31.01.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 602'058 0.39 310'380 31.03.2013 Investment Advisor MACKELLER IAN n/a 424B 577'500 0.37 - 19.04.2012 n/a PORTOLA GROUP INCORP PORTOLA GROUP INCORP 13F 577'010 0.37 (43'050) 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 575'246 0.37 9'087 31.03.2013 Investment Advisor AMERICAN INTERNATION n/a ULT-AGG 551'119 0.35 88'565 31.03.2013 Government PORTER PARTNERS LP n/a 424B 446'250 0.29 - 19.04.2012 Other BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 444'859 0.29 (4'130) 31.03.2013 Investment Advisor BARD ASSOCIATES INC BARD ASSOCIATES INC 13F 417'050 0.27 (3'400) 31.03.2013 Investment Advisor TALKOT CAPITAL LLC TALKOT CAPITAL LLC 13F 400'000 0.26 - 31.03.2013 Hedge Fund Manager KENNEDY SHAWN M n/a Form 4 364'735 0.23 (59'011) 04.03.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 4 Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS not rated #N/A N/A M #N/A N/A Not Provided 24.04.2013 Holdings By: Paramount Gold and Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 148.
    16.05.2013 Kirkland Lake Gold,Inc. is an operating gold mining company located in Ontario, Canada. The Company owns the Macassa Mine and mill and several contiguous gold producing properties. Kirkland Lake is developing a lode gold deposit. Latest Fiscal Year: 04/2012 LTM as of: 01/yy 52-Week High (23.08.2012) 14.57 52-Week Low (17.04.2013) 2.64 Daily Volume 3.5 52-Week High % Change -75.98% Dividend Yield 0.00 52-Week Low % Change 32.58% Beta 1.56 % 52 Week Price Range High/Low 7.21% Equity Float 60.80 Shares Out 30.04.2013 70.2 Short Int 9.16 245.53 1 Yr Total Return -65.92% Total Debt 8.83 YTD Return -40.17% Preferred Stock 0.0 Adjusted BETA 1.561 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 30.17 Consensus Rating 4.100 Enterprise Value 306.11 Average Volume 5 Day 732'457 KGI CN EQUITY YTD Change - Average Volume 30 Day 857'968 KGI CN EQUITY YTD % CHANGE - Average Volume 3 Month 778'693 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.04.2008 30.04.2009 30.04.2010 30.04.2011 30.04.2012 01/yy 01/yy 04/13 Y 04/14 Y 04/13 Q4 07/13 Q1 41.4 43.5 51.2 103.3 159.8 149.6 139.2 156.7 262.9 49.7 45.5 9.87x 10.98x 9.15x 9.01x 5.53x 22.77x 20.90x 2.24x 1.28x 6.98x 7.38x (1.0) (6.8) (7.6) 26.4 55.7 49.3 24.5 31.6 104.3 22.8 10.0 - - - 35.24x 15.86x 24.58x 19.82x 9.68x 2.94x 4.89x 5.40x (3.3) (10.5) (12.3) 19.9 41.3 45.1 (9.8) 2.8 43.1 18.0 4.9 - - - 48.55x 22.63x 38.76x 0.00x 437.50x 6.48x 7.20x 6.86x EBITDA 55.73 Long-Term Rating Date - EBIT 41.94 Long-Term Rating - Operating Margin 26.24% Long-Term Outlook - Pretax Margin 26.48% Short-Term Rating Date - Return on Assets -2.83% Short-Term Rating - Return on Common Equity -4.15% Return on Capital -11.87% EBITDA/Interest Exp. 224.70 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -62.85 Net Debt/EBITDA 2.48 Gross Margin 38.5% Total Debt/EBITDA 6.07 EBITDA Margin 17.6% EBIT Margin 5.4% Total Debt/Equity 3.8% Net Income Margin 25.8% Total Debt/Capital 3.7% Asset Turnover 0.40 Current Ratio 2.09 Net Fixed Asset Turnover 0.56 Quick Ratio 1.48 Accounts receivable turnover-days 13.94 Debt to Assets 3.27% Inventory Days 53.02 Tot Debt to Common Equity 3.79% Accounts Payable Turnover Day 82.70 Accounts Receivable Turnover 26.25 Cash Conversion Cycle -22.72 Inventory Turnover 6.90 Fiscal Year Ended Kirkland Lake Gold Inc Price/Volume Valuation Analysis 687'448.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 2 4 6 8 10 12 14 16 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 01.05.2009 01.11.2009 01.05.2010 01.11.2010 01.05.2011 01.11.2011 01.05.2012 01.11.2012 01.05.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 149.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type RESOLUTE FUNDS LTD n/a RNS-MAJ 4'950'000 7.06 557'500 19.02.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 4'643'659 6.62 - 15.05.2013 Investment Advisor OPPENHEIMERFUNDS INC n/a Research 4'160'300 5.93 - 01.01.2013 Investment Advisor DOBSON DAVID HARRY n/a Research 3'765'000 5.37 - 01.01.2013 n/a INVESTEC ASSET MANAG n/a Research 3'469'303 4.95 - 01.01.2013 Investment Advisor HORIZON INVESTMENTS n/a Research 3'153'493 4.5 - 01.01.2013 Investment Advisor JP MORGAN n/a ULT-AGG 2'804'148 4 (551'900) 01.01.2013 Investment Advisor MILTON GEORGE A n/a SEDI 2'723'036 3.88 40'000 13.01.2012 n/a COLUMBIA WANGER ASSE n/a Research 2'525'000 3.6 - 01.01.2013 Investment Advisor IA MICHAEL INVESTMEN Multiple Portfolios MF-AGG 2'300'000 3.28 2'300'000 31.12.2012 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 1'700'000 2.42 1'475'000 28.02.2013 Investment Advisor NORGES BANK Multiple Portfolios MF-AGG 1'647'411 2.35 - 31.12.2012 Government ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 1'611'100 2.3 (38'500) 31.03.2013 Investment Advisor SPROTT INC n/a Research 1'577'666 2.25 - 31.12.2012 Hedge Fund Manager HINCHCLIFFE BRIAN A n/a PROXY 1'113'000 1.59 - 05.09.2012 n/a GAMCO n/a ULT-AGG 905'000 1.29 396'600 31.12.2012 Unclassified MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 708'690 1.01 - 28.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 706'000 1.01 (85'000) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 578'251 0.82 788 14.05.2013 Investment Advisor EMPIRE LIFE INSURANC Multiple Portfolios MF-AGG 544'236 0.78 76'236 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL SIPERCO outperform 5 U 5 12 month 15.05.2013 Mirabaud Securities RICHARD MORGAN speculative buy 4 M 10 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 7 Not Provided 14.05.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 6 12 month 14.05.2013 Desjardins Securities ADAM MELNYK buy 5 M 9 Not Provided 14.05.2013 Dundee Securities Corp JOE FAZZINI buy 5 M 8 Not Provided 14.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 18 12 month 14.05.2013 Panmure Gordon & Co Limited ALISON TURNER buy 5 M 8 Not Provided 14.05.2013 Investec HUNTER HILLCOAT buy 5 M 11 12 month 18.04.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Kirkland Lake Gold Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 150.
    16.05.2013 Guyana Goldfields Inc.is a metals exploration company. The Company is primarily exploring for gold in Guyana. Latest Fiscal Year: 10/2012 LTM as of: 01/yy 52-Week High (14.01.2013) 4.40 52-Week Low (15.05.2013) 1.50 Daily Volume 1.52 52-Week High % Change -65.45% Dividend Yield 0.00 52-Week Low % Change 1.33% Beta 1.58 % 52 Week Price Range High/Low 0.69% Equity Float 118.37 Shares Out 30.04.2013 126.1 Short Int 2.49 191.71 1 Yr Total Return -14.12% Total Debt 0.00 YTD Return -51.59% Preferred Stock 0.0 Adjusted BETA 1.579 Minority Interest 0.0 Analyst Recs 10 Cash and Equivalents 37.62 Consensus Rating 4.400 Enterprise Value 161.24 Average Volume 5 Day 243'939 GUY CN EQUITY YTD Change - Average Volume 30 Day 521'969 GUY CN EQUITY YTD % CHANGE - Average Volume 3 Month 594'551 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.10.2008 31.10.2009 31.10.2010 31.10.2011 31.10.2012 01/yy 01/yy 10/13 Y 10/14 Y 04/13 Q2 07/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 414.0 - - - - - - - #DIV/0! #DIV/0! - - - - (3.4) (4.9) (7.7) (9.8) (8.0) (7.8) (8.3) (10.5) (10.5) - - - - - - - 0.00x 0.00x - - - - (12.5) (6.7) (6.3) (5.1) (9.8) (10.1) (9.5) (9.8) (10.5) - - - - - - - 0.00x 0.00x - - - - EBITDA -8.04 Long-Term Rating Date - EBIT -8.07 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.88% Short-Term Rating - Return on Common Equity -4.94% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 16.74 Net Fixed Asset Turnover 0.00 Quick Ratio 16.74 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Guyana Goldfields Inc Price/Volume Valuation Analysis 340'152.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 151.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BAUPOST GROUP LLC n/a SEDI 24'878'669 19.73 - 28.02.2013 Hedge Fund Manager FRANKLIN RESOURCES n/a ULT-AGG 23'104'950 18.32 (529'600) 28.03.2013 Investment Advisor ACUITY INVESTMENT MA n/a Co File 8'051'804 6.38 (3'647'450) 30.11.2010 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 7'878'198 6.25 - 15.05.2013 Investment Advisor SHERIDAN JR JOHN PAT n/a SEDI 6'600'103 5.23 345'000 22.02.2013 n/a FMR LLC n/a ULT-AGG 5'032'198 3.99 299'858 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 2'300'000 1.82 500'000 31.12.2012 Investment Advisor FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 1'831'603 1.45 995'700 30.09.2012 Hedge Fund Manager NORGES BANK Multiple Portfolios MF-AGG 1'513'804 1.2 - 31.12.2012 Government SPROTT INC Multiple Portfolios MF-AGG 1'237'322 0.98 (310'000) 31.12.2012 Hedge Fund Manager CARMIGNAC GESTION Multiple Portfolios MF-AGG 1'166'650 0.92 1'166'650 29.03.2013 Investment Advisor RAIFFEISEN KAPITALAN Multiple Portfolios MF-AGG 981'800 0.78 981'800 31.01.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 950'000 0.75 - 29.03.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 597'180 0.47 149'549 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 590'000 0.47 - 31.03.2013 Investment Advisor MMA INVESTMENT MANAG Multiple Portfolios MF-AGG 550'000 0.44 - 31.12.2011 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 550'000 0.44 (2'988'804) 31.12.2012 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 330'000 0.26 - 28.09.2012 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 300'000 0.24 16'000 31.12.2012 Investment Advisor FERRY ALAN L H n/a SEDI 228'000 0.18 - 23.04.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Raymond James BRAD HUMPHREY outperform 5 M 5 12 month 24.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 5 12 month 22.04.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 5 Not Provided 15.04.2013 Casimir Capital STUART MCDOUGALL speculative buy 4 M 8 12 month 09.04.2013 Scotia Capital TREVOR TURNBULL sector perform 3 D 4 12 month 06.03.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 U 6 12 month 15.01.2013 Paradigm Capital Inc DON BLYTH speculative buy 4 M 9 12 month 15.01.2013 Salman Partners DAVID WEST buy 5 M 6 12 month 14.01.2013 Holdings By: Guyana Goldfields Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 152.
    16.05.2013 Highland Gold MiningLimited is a holding company for a group of companies which own operating and development assets in the Russian gold mining industry. The Group's gold mining assets are located in the Far East of the Russian Federation. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (21.09.2012) 128.91 52-Week Low (17.04.2013) 75.50 Daily Volume 80.75 52-Week High % Change -37.36% Dividend Yield 7.88 52-Week Low % Change 6.95% Beta 0.93 % 52 Week Price Range High/Low 12.17% Equity Float 63.68 Shares Out 31.12.2012 325.2 Short Int - 262.62 1 Yr Total Return -21.39% Total Debt 8.75 YTD Return -13.26% Preferred Stock 0.0 Adjusted BETA 0.934 Minority Interest 2.2 Analyst Recs 12 Cash and Equivalents 61.35 Consensus Rating 4.167 Enterprise Value 349.03 Average Volume 5 Day 676'787 HGM LN EQUITY YTD Change - Average Volume 30 Day 649'738 HGM LN EQUITY YTD % CHANGE - Average Volume 3 Month 892'906 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 149.1 164.7 243.6 300.2 351.8 - - 386.0 452.9 - - 1.02x 2.05x 3.16x 2.75x 1.31x - - 1.36x 1.25x - - 38.7 56.5 120.3 156.5 162.2 - - 162.4 194.4 - - 3.92x 5.97x 6.40x 5.27x 2.83x - - 2.15x 1.80x - - (232.4) 78.8 122.3 103.8 122.9 - - 88.3 104.7 - - - 5.92x 7.81x 9.14x 4.15x - - 4.42x 3.85x - - EBITDA 162.15 Long-Term Rating Date - EBIT 125.34 Long-Term Rating - Operating Margin 35.63% Long-Term Outlook - Pretax Margin 43.67% Short-Term Rating Date - Return on Assets 14.63% Short-Term Rating - Return on Common Equity 16.59% Return on Capital 16.59% EBITDA/Interest Exp. 123.31 Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. 28.23 Net Debt/EBITDA -0.32 Gross Margin 41.6% Total Debt/EBITDA 0.05 EBITDA Margin 46.1% EBIT Margin 35.6% Total Debt/Equity 1.1% Net Income Margin 34.9% Total Debt/Capital 1.1% Asset Turnover 0.42 Current Ratio 5.40 Net Fixed Asset Turnover 0.77 Quick Ratio 2.12 Accounts receivable turnover-days 8.43 Debt to Assets 0.96% Inventory Days 112.73 Tot Debt to Common Equity 1.11% Accounts Payable Turnover Day 13.09 Accounts Receivable Turnover 43.40 Cash Conversion Cycle 108.07 Inventory Turnover 3.25 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Highland Gold Mining Ltd Price/Volume Valuation Analysis 45'292.00 Current Price (5/dd/yy) Market Data 0 20 40 60 80 100 120 140 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 153.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type MILLHOUSE LLC n/a Co File 105'910'000 32.57 - 18.04.2011 Holding Company BARRICK GOLD CORP n/a Co File 66'235'264 20.37 - 18.04.2011 Corporation SHVIDLER EVGENY MARK n/a RNS-DIR 28'057'794 8.63 2'037'794 13.07.2012 n/a PROTSVETANIYE HOLDIN n/a RNS-MAJ 22'879'845 7.04 3'371'722 24.04.2013 Holding Company JP MORGAN n/a ULT-AGG 20'996'780 6.46 (254'398) 31.03.2013 Investment Advisor KOULAKOV IVAN EUGENE n/a Co File 17'552'500 5.4 - 26.04.2011 n/a HAKANSSON PETER ELAM n/a RNS-MAJ 11'101'386 3.41 - 30.04.2012 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 10'838'123 3.33 - 15.05.2013 Investment Advisor LANCRENAN INVESTMENT n/a RNS-MAJ 9'786'032 3.01 - 12.04.2013 Unclassified NORGES BANK Multiple Portfolios MF-AGG 9'094'169 2.8 - 31.12.2012 Government EAST CAPITAL ASSET M Multiple Portfolios MF-AGG 8'062'000 2.48 (27'000) 31.03.2013 Investment Advisor BNP PARIBAS INV PART n/a ULT-AGG 5'496'428 1.69 - 28.02.2013 Investment Advisor FLEMING FAMILY & PAR n/a RNS-MAJ 4'211'883 1.3 (10'700'000) 29.09.2010 Investment Advisor LEGAL & GENERAL n/a ULT-AGG 1'977'736 0.61 - 31.01.2013 Unclassified BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 1'850'620 0.57 1'850'620 31.01.2013 Investment Advisor URALSIB JSC Multiple Portfolios MF-AGG 1'580'000 0.49 1'580'000 31.05.2012 Investment Advisor DWS FINANZ SERVICE G Multiple Portfolios MF-AGG 1'384'600 0.43 - 20.08.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'244'701 0.38 (55'688) 14.05.2013 Investment Advisor PARVEST INVESTMENT M Multiple Portfolios MF-AGG 900'000 0.28 - 30.11.2012 Investment Advisor CARNEGIE ASSET MANAG Multiple Portfolios MF-AGG 830'000 0.26 - 30.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets JONATHAN GUY sector perform 3 M 120 12 month 24.04.2013 Otkritie Capital ANDY JONES buy 5 M 122 Not Provided 24.04.2013 Numis Securities Ltd CAILEY BARKER buy 5 M 170 Not Provided 23.04.2013 Westhouse Securities NICK HATCH buy 5 M 135 12 month 23.04.2013 VSA Capital Ltd CHARLIE LONG buy 5 M 175 12 month 16.04.2013 Uralsib VALENTINA BOGOMOLOVA hold 3 M 131 Not Provided 09.04.2013 VTB Capital NIKOLAY SOSNOVSKIY sell 1 D 82 12 month 04.04.2013 Alfa-Bank BARRY EHRLICH equalweight 3 M 126 Not Provided 26.02.2013 Sberbank CIB MIKHAIL STISKIN buy 5 M 183 Not Provided 25.02.2013 EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013 Aton LLC ILYA MAKAROV buy 5 M 136 12 month 28.06.2012 Holdings By: Highland Gold Mining Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 154.
    16.05.2013 Indophil Resources NLis a mineral exploration company that acquires, explores and develops gold and copper-gold resources in the Asia-Pacific region. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (28.05.2012) 0.40 52-Week Low (22.11.2012) 0.22 Daily Volume 0.25 52-Week High % Change -37.50% Dividend Yield 0.00 52-Week Low % Change 16.28% Beta 1.05 % 52 Week Price Range High/Low 40.54% Equity Float 668.60 Shares Out 31.12.2012 1'203.1 Short Int 0.70 300.79 1 Yr Total Return -32.43% Total Debt 0.00 YTD Return 4.17% Preferred Stock 0.0 Adjusted BETA 1.053 Minority Interest 0.0 Analyst Recs 1 Cash and Equivalents 235.04 Consensus Rating 5.000 Enterprise Value 65.75 Average Volume 5 Day 254'973 IRN AU EQUITY YTD Change - Average Volume 30 Day 464'589 IRN AU EQUITY YTD % CHANGE - Average Volume 3 Month 956'380 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - - - - - - - - - (20.8) (17.1) (7.7) (7.9) (17.7) - - - - - - - - - - - - - - - - - (14.8) (10.6) 2.3 1.0 5.5 - - - - - - - - 196.30x 319.23x 52.17x - - - - - - EBITDA -17.66 Long-Term Rating Date - EBIT -17.70 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets 1.16% Short-Term Rating - Return on Common Equity 1.17% Return on Capital 1.17% EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 104.48 Net Fixed Asset Turnover 0.00 Quick Ratio 103.72 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Indophil Resources NL Price/Volume Valuation Analysis 848'744.00 Current Price (5/dd/yy) Market Data 0 0 0 0 0 0 0 0 0 0 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 155.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type ALSONS DEVELOPMENT & n/a EXCH 240'508'334 19.99 141'041'667 06.02.2012 Corporation GLENCORE XSTRATA PLC n/a ULT-AGG 157'189'422 13.06 - 06.02.2012 Corporation L1 CAPITAL PTY LTD n/a EXCH 77'094'557 6.41 (12'125'963) 10.04.2013 Investment Advisor BANK OF AMERICA CORP n/a EXCH 59'777'753 4.97 (11'905'784) 28.08.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 53'395'800 4.44 - 15.05.2013 Investment Advisor UBS n/a ULT-AGG 52'235'438 4.34 - 17.06.2011 Unclassified SAN MIGUEL CORP n/a EXCH 48'016'960 3.99 - 17.06.2011 Corporation MORGAN STANLEY n/a EXCH 26'097'859 2.17 (27'664'747) 10.10.2011 Investment Advisor ACORN CAPITAL LTD n/a EXCH 20'419'416 1.7 - 09.02.2012 Investment Advisor UNISUPER n/a EXCH 19'610'481 1.63 - 09.02.2012 Other WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 16'200'000 1.35 - 30.06.2011 Investment Advisor SUNSUPER FUND n/a EXCH 13'290'433 1.1 - 09.02.2012 Other HEALTH SUPER n/a EXCH 9'408'868 0.78 - 09.02.2012 Other MICROCAP INVESTMENT n/a EXCH 9'086'904 0.76 - 09.02.2012 Other CBA OFFICERS SUPER F n/a EXCH 8'280'549 0.69 - 09.02.2012 Other FMR LLC n/a ULT-AGG 7'192'750 0.6 - 31.10.2012 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 5'608'073 0.47 - 31.01.2013 Investment Advisor QLD LOCAL GOVT SUPER n/a EXCH 5'326'550 0.44 - 09.02.2012 Other NORGES BANK Multiple Portfolios MF-AGG 5'286'123 0.44 - 31.12.2012 Government AUSCOAL SUPER FUND n/a EXCH 4'856'892 0.4 - 09.02.2012 Other Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 02.04.2013 Holdings By: Indophil Resources NL All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 156.
    16.05.2013 Lydian International, Ltd.is a gold focused mineral exploration and development company. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (05.09.2012) 2.56 52-Week Low (17.04.2013) 1.43 Daily Volume 1.48 52-Week High % Change -42.19% Dividend Yield 0.00 52-Week Low % Change 3.50% Beta 1.33 % 52 Week Price Range High/Low 4.42% Equity Float 102.55 Shares Out 30.04.2013 130.2 Short Int 0.56 192.66 1 Yr Total Return -26.73% Total Debt 0.00 YTD Return -29.19% Preferred Stock 0.0 Adjusted BETA 1.332 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 20.11 Consensus Rating 4.778 Enterprise Value 104.28 Average Volume 5 Day 244'825 LYD CN EQUITY YTD Change - Average Volume 30 Day 257'206 LYD CN EQUITY YTD % CHANGE - Average Volume 3 Month 360'491 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - - - 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - - - (3.4) - - (3.6) (2.9) (8.9) (5.0) - - - - - - - 0.00x 0.00x - - - - - (1.9) (5.9) (5.9) (6.4) (5.9) (6.4) (13.2) (5.4) - - - - - - - 0.00x 0.00x - - - - EBITDA - Long-Term Rating Date - EBIT -5.92 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -14.30% Short-Term Rating - Return on Common Equity -16.44% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 5.62 Net Fixed Asset Turnover 0.00 Quick Ratio 5.51 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Lydian International Ltd Price/Volume Valuation Analysis 433'244.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 157.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 13'148'278 10.1 - 15.05.2013 Investment Advisor INTERNATIONAL FINANC n/a SEDI 10'309'771 7.92 - 28.03.2013 Government EUROPEAN BANK FOR RE n/a Research 9'038'780 6.94 1'419'732 29.03.2012 Bank NEWMONT MINING CORP n/a SEDI 8'650'000 6.65 500'000 24.09.2010 Corporation FRANKLIN RESOURCES n/a ULT-AGG 5'775'000 4.44 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 3'790'000 2.91 1'890'000 31.12.2012 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 2'351'900 1.81 - 31.12.2012 Bank INVESCO LTD n/a ULT-AGG 2'000'000 1.54 - 31.12.2012 Investment Advisor HAYK ALOYAN n/a SEDI 1'791'500 1.38 2'000 22.02.2013 n/a FMR LLC n/a ULT-AGG 1'625'300 1.25 100'000 31.03.2013 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 1'567'700 1.2 392'600 31.01.2013 Holding Company HENDERSON MARC C n/a SEDI 1'502'500 1.15 (100'000) 12.03.2013 n/a MULLENS PETER n/a SEDI 1'430'000 1.1 (90'500) 07.02.2013 n/a ANDROSS LIMITED n/a SEDI 1'340'450 1.03 200'000 12.10.2012 Other GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'248'559 0.96 - 14.05.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'179'400 0.91 - 31.03.2013 Investment Advisor TARGET GENERATION SO n/a SEDI 1'007'500 0.77 - 21.09.2010 Other QUANTEX AG Multiple Portfolios MF-AGG 950'000 0.73 - 29.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 941'400 0.72 500'000 31.12.2012 Hedge Fund Manager GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 903'610 0.69 (344'000) 28.09.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial SHANE NAGLE outperform 5 M 4 12 month 10.05.2013 Stifel CRAIG P STANLEY buy 5 M 3 12 month 03.05.2013 Scotia Capital LEILY OMOUMI sector outperform 5 M 4 12 month 23.04.2013 TD Securities DANIEL EARLE speculative buy 4 M 4 12 month 23.04.2013 Cormark Securities Inc. MIKE KOZAK buy 5 M 3 12 month 22.04.2013 RBC Capital Markets JONATHAN GUY outperform 5 M 3 12 month 19.04.2013 Haywood Securities Inc. TARA HASSAN buy 5 M 4 Not Provided 16.04.2013 BMO Capital Markets JOHN P HAYES speculative outperform 4 M #N/A N/A Not Provided 14.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 5 12 month 05.03.2013 Holdings By: Lydian International Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 158.
    16.05.2013 Sabina Gold &Silver Corporation explores and develops mineral properties. The Company is a precious metals exploration Company with a portfolio of different properties in Canada at different stages of development. Sabina explores for minerals that include copper, gold and silver. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (07.09.2012) 3.55 52-Week Low (07.05.2013) 1.07 Daily Volume 1.13 52-Week High % Change -68.17% Dividend Yield 0.00 52-Week Low % Change 5.61% Beta 1.56 % 52 Week Price Range High/Low 2.42% Equity Float 110.19 Shares Out 30.04.2013 173.6 Short Int 0.56 196.14 1 Yr Total Return -37.22% Total Debt 0.00 YTD Return -57.36% Preferred Stock 0.0 Adjusted BETA 1.561 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 116.39 Consensus Rating 4.143 Enterprise Value 79.75 Average Volume 5 Day 584'491 SBB CN EQUITY YTD Change - Average Volume 30 Day 536'138 SBB CN EQUITY YTD % CHANGE - Average Volume 3 Month 455'689 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.6) (4.5) (5.4) (10.0) (11.9) (8.7) (7.7) (5.8) (6.0) - - - - - - - 0.00x 0.00x - - - - (3.1) (1.1) (8.8) (12.7) (14.1) (11.1) (13.6) (6.0) (7.0) - - - - - - - 0.00x 0.00x - - - - EBITDA -11.86 Long-Term Rating Date - EBIT -11.90 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -4.29% Short-Term Rating - Return on Common Equity -4.80% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 42.88 Net Fixed Asset Turnover 0.00 Quick Ratio 41.36 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 350.34 Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover 0.00 Fiscal Year Ended Sabina Gold & Silver Corp Price/Volume Valuation Analysis 928'403.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 159.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type GCIC LTD/CANADA n/a SEDI 20'350'304 11.72 1'491'804 06.03.2013 Investment Advisor GOODMAN INVESTMENT C n/a SEDI 19'728'304 11.37 (368'000) 26.04.2013 Investment Advisor DUNDEE PRECIOUS META n/a PROXY 18'539'713 10.68 - 08.05.2012 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 10'428'291 6.01 - 15.05.2013 Investment Advisor DUNDEE CORP n/a SEDI 2'828'700 1.63 2'151'700 29.06.2012 Holding Company FMR LLC n/a ULT-AGG 2'780'000 1.6 50'000 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 1'140'000 0.66 - 29.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'122'000 0.65 - 31.03.2013 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 1'034'100 0.6 1'034'100 31.03.2013 Hedge Fund Manager SHARE SICAV Multiple Portfolios MF-AGG 945'100 0.54 45'000 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 936'866 0.54 - 14.05.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 899'400 0.52 - 31.12.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 838'000 0.48 - 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 742'157 0.43 98'500 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 725'400 0.42 - 28.09.2012 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 642'400 0.37 - 31.03.2013 Investment Advisor WHITTON JOHN F n/a SEDI 628'042 0.36 75'000 01.11.2011 n/a SPROTT INC Multiple Portfolios MF-AGG 560'700 0.32 - 31.12.2012 Hedge Fund Manager WILKES LEROY E n/a SEDI 343'373 0.2 5'000 02.01.2013 n/a PACIFIC INCOME ADVIS Multiple Portfolios MF-AGG 300'000 0.17 - 28.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Salman Partners DAVID WEST speculative buy 4 M 5 12 month 10.05.2013 National Bank Financial PAOLO LOSTRITTO sector perform 3 M 4 12 month 10.05.2013 BMO Capital Markets ANDREW KAIP speculative outperform 4 M 3 Not Provided 09.05.2013 Desjardins Securities ADAM MELNYK speculative buy 4 M 7 12 month 09.05.2013 Cormark Securities Inc. RICHARD GRAY buy 5 M 3 12 month 22.04.2013 RBC Capital Markets STEPHEN D WALKER outperform 5 M 3 12 month 14.04.2013 Paradigm Capital Inc DON MACLEAN speculative buy 4 M 6 12 month 12.11.2012 Holdings By: Sabina Gold & Silver Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 160.
    16.05.2013 Lake Shore GoldCorp. acquires and explores mineral properties. The Company is currently exploring for gold in the gold mining district of northern Ontario and Quebec. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.06.2012) 1.17 52-Week Low (15.05.2013) 0.28 Daily Volume 0.29 52-Week High % Change -75.21% Dividend Yield 0.00 52-Week Low % Change 5.45% Beta 1.33 % 52 Week Price Range High/Low 1.68% Equity Float 415.25 Shares Out 30.04.2013 416.6 Short Int 2.00 120.82 1 Yr Total Return -64.63% Total Debt 142.44 YTD Return -61.33% Preferred Stock 0.0 Adjusted BETA 1.325 Minority Interest 0.0 Analyst Recs 9 Cash and Equivalents 48.72 Consensus Rating 3.667 Enterprise Value 214.55 Average Volume 5 Day 2'775'840 LSG CN EQUITY YTD Change - Average Volume 30 Day 3'251'675 LSG CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'588'974 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 66.2 133.0 70.9 151.3 199.8 270.0 - - - - - 7.86x 3.05x 36.63x 8.29x 0.96x 0.53x - - (9.6) (9.6) (19.4) 7.3 37.9 8.0 32.8 77.2 123.9 - - - - - 70.97x 10.70x 52.14x 0.00x 2.78x 1.73x - - (5.5) 2.1 (6.5) (10.9) (317.9) (16.1) (315.6) (0.5) 32.3 - - - 413.00x - - - 0.00x 0.00x - 5.80x - - EBITDA 37.91 Long-Term Rating Date - EBIT -4.90 Long-Term Rating - Operating Margin -3.69% Long-Term Outlook - Pretax Margin -187.52% Short-Term Rating Date - Return on Assets -34.24% Short-Term Rating - Return on Common Equity -40.51% Return on Capital - EBITDA/Interest Exp. 11.55 Asset Turnover 0.14% (EBITDA-Capex)/Interest Exp. -37.76 Net Debt/EBITDA 2.47 Gross Margin 7.8% Total Debt/EBITDA 3.76 EBITDA Margin 28.5% EBIT Margin -3.7% Total Debt/Equity 22.2% Net Income Margin -239.0% Total Debt/Capital 18.2% Asset Turnover 0.14 Current Ratio 1.49 Net Fixed Asset Turnover 0.16 Quick Ratio 0.83 Accounts receivable turnover-days - Debt to Assets 17.31% Inventory Days 48.46 Tot Debt to Common Equity 22.22% Accounts Payable Turnover Day 20.00 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 7.55 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Lake Shore Gold Corp Price/Volume Valuation Analysis 5'463'818.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 161.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 31'367'128 7.53 - 15.05.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 27'505'500 6.6 4'117'500 31.03.2013 Hedge Fund Manager TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 14'840'645 3.56 (30'000) 31.03.2013 Investment Advisor FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 12'114'420 2.91 (1'574'400) 31.03.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 10'803'000 2.59 - 27.12.2012 Hedge Fund Manager SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 4'600'000 1.1 - 30.06.2012 Investment Advisor BLACKROCK n/a ULT-AGG 4'299'914 1.03 (896'343) 14.05.2013 Investment Advisor FMR LLC n/a ULT-AGG 3'656'600 0.88 (1'504'300) 31.03.2013 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 3'475'500 0.83 412'000 31.12.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'060'065 0.73 29'385 31.03.2013 Investment Advisor TORONTO DOMINION BAN TORONTO DOMINION BAN 13F 2'956'500 0.71 1'300'000 31.12.2012 Investment Advisor NORGES BANK NORGES BANK 13F 2'746'733 0.66 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 2'114'330 0.51 (50'500) 31.01.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'614'955 0.39 (117'621) 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 1'461'593 0.35 (1'973'829) 31.03.2013 Bank CANADA PENSION PLAN CANADA PENSION PLAN 13F 1'403'624 0.34 (1'900'000) 31.03.2013 Pension Fund (ERISA) JONES HEWARD INVESTM Multiple Portfolios MF-AGG 1'278'902 0.31 - 15.05.2013 Investment Advisor HAUCK & AUFHAUSER IN Multiple Portfolios MF-AGG 1'100'000 0.26 - 28.03.2013 Investment Advisor POLYGON MANAGEMENT L POLYGON MANAGEMENT L 13F 1'006'500 0.24 1'006'500 31.03.2013 Investment Advisor GBC ASSET MANAGEMENT Multiple Portfolios MF-AGG 963'900 0.23 - 31.12.2011 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date RBC Capital Markets STEPHEN D WALKER sector perform 3 M 1 12 month 15.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 2 12 month 15.05.2013 M Partners Inc INGRID RICO buy 5 M 2 12 month 10.05.2013 TD Securities DANIEL EARLE buy 5 M 1 12 month 23.04.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 2 12 month 23.04.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 Not Provided 16.04.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 1 Not Provided 14.04.2013 CIBC World Markets COSMOS CHIU sector perform 3 M 1 Not Provided 11.04.2013 EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013 Holdings By: Lake Shore Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 162.
    16.05.2013 Brigus Gold Corp.is an emerging mid-tier gold producer . The Company's current projects are in Ontario, Saskatchewan, Mexico and the Dominican Republic. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 1.09 52-Week Low (17.04.2013) 0.53 Daily Volume 0.6011 52-Week High % Change -44.85% Dividend Yield - 52-Week Low % Change 14.47% Beta 1.17 % 52 Week Price Range High/Low 13.45% Equity Float 225.88 Shares Out 30.04.2013 231.5 Short Int 1.44 139.13 1 Yr Total Return -19.85% Total Debt 93.20 YTD Return -36.05% Preferred Stock 0.0 Adjusted BETA 1.170 Minority Interest 0.0 Analyst Recs 8 Cash and Equivalents 29.81 Consensus Rating 4.750 Enterprise Value 202.52 Average Volume 5 Day 789'608 BRD US EQUITY YTD Change - Average Volume 30 Day 1'020'473 BRD US EQUITY YTD % CHANGE - Average Volume 3 Month 944'025 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 47.0 85.9 71.9 117.7 84.1 135.7 151.8 158.8 31.2 31.2 - - 4.84x 3.27x 2.36x 12.74x 5.70x - - - - (9.1) 13.8 32.7 14.3 48.5 24.0 39.3 77.7 87.3 - - - - 12.72x 16.46x 5.72x 8.39x 0.00x 2.61x 2.32x - - 1.2 (61.7) (55.5) 15.8 18.9 17.0 27.1 31.7 31.6 1.5 1.5 - - - - - 0.00x 0.00x 4.06x 4.52x 5.84x 5.84x EBITDA 48.49 Long-Term Rating Date - EBIT 23.35 Long-Term Rating - Operating Margin 19.84% Long-Term Outlook - Pretax Margin 15.79% Short-Term Rating Date - Return on Assets 4.77% Short-Term Rating - Return on Common Equity 9.12% Return on Capital - EBITDA/Interest Exp. 5.34 Asset Turnover 0.30% (EBITDA-Capex)/Interest Exp. -0.55 Net Debt/EBITDA 1.31 Gross Margin 30.9% Total Debt/EBITDA 1.92 EBITDA Margin 41.2% EBIT Margin 19.8% Total Debt/Equity 40.1% Net Income Margin 16.1% Total Debt/Capital 28.6% Asset Turnover 0.30 Current Ratio 1.15 Net Fixed Asset Turnover 0.37 Quick Ratio 0.76 Accounts receivable turnover-days 11.83 Debt to Assets 22.12% Inventory Days 38.15 Tot Debt to Common Equity 40.06% Accounts Payable Turnover Day 98.53 Accounts Receivable Turnover 30.94 Cash Conversion Cycle -48.56 Inventory Turnover 9.59 Fiscal Year Ended Brigus Gold Corp Price/Volume Valuation Analysis 1'186'293.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 163.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 18'568'232 8.02 2'818'808 15.05.2013 Investment Advisor SPROTT INC n/a 13G 9'336'421 4.03 (1'057'930) 30.04.2013 Hedge Fund Manager RUFFER LLP Multiple Portfolios MF-AGG 7'027'000 3.04 - 27.12.2012 Hedge Fund Manager INTACT INVESTMENT MA INTACT INVESTEMENT M 13F 4'428'400 1.91 1'084'200 31.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 3'552'474 1.53 10'360 31.03.2013 Bank WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 3'203'084 1.38 (5'011'416) 31.03.2013 Hedge Fund Manager CONNOR CLARK & LUNN CONNOR CLARK & LUNN 13F 2'896'000 1.25 564'200 31.03.2013 Investment Advisor DAWE WADE K n/a SEDI 2'438'422 1.05 16'025 03.04.2013 n/a QUAKER CAPITAL MANAG QUAKER CAPITAL MANAG 13F 1'678'100 0.73 1'678'100 31.03.2013 Hedge Fund Manager GROSS MICHAEL n/a PROXY 1'578'085 0.68 - 13.04.2012 n/a LIBRA ADVISORS LLC LIBRA ADVISORS LLC 13F 1'430'200 0.62 - 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 1'128'900 0.49 (71'100) 31.12.2012 Investment Advisor THE BANK OF NOVA SCO THE BANK OF NOVA SCO 13F 1'095'790 0.47 595'790 31.03.2013 Investment Advisor BMO FINANCIAL CORP BMO FINANCIAL CORP 13F 1'000'000 0.43 (10'948) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 967'386 0.42 - 31.01.2013 Investment Advisor CITY OF LONDON INVES CITY OF LONDON INVES 13F 885'000 0.38 (27'000) 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 826'510 0.36 (363'190) 31.03.2013 Pension Fund (ERISA) FRANK RUSSELL TRUST FRANK RUSSELL COMPAN 13F 819'000 0.35 600'700 31.03.2013 Investment Advisor KELLIGREW INC n/a SEDI 655'289 0.28 30'000 29.09.2011 Corporation COE CAPITAL MANAGEME COE CAPITAL MANAGEME 13F 499'380 0.22 (215'250) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. RICHARD GRAY buy 5 M 1 12 month 15.05.2013 Haywood Securities Inc. KERRY SMITH buy 5 M 2 12 month 15.05.2013 BMO Capital Markets BRIAN QUAST market perform 3 M 1 Not Provided 14.05.2013 Casimir Capital ERIC WINMILL buy 5 M 2 12 month 14.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 1 12 month 14.05.2013 Canaccord Genuity Corp STEVEN BUTLER buy 5 M 1 Not Provided 13.05.2013 Paradigm Capital Inc DON BLYTH buy 5 M 2 12 month 03.04.2013 EVA Dimensions TEAM COVERAGE overweight 5 U #N/A N/A Not Provided 29.06.2012 Holdings By: Brigus Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 164.
    16.05.2013 Great Panther SilverLtd. explores for and produces silver. The Company is focused on acquiring, developing and mining precious metals in Mexico. Great Panther's projects include The Guanajuato Mines property, located in the State of Guanajuato, Mexico, and The Topia Silver-Lead-Zinc property, located in the Topia Mining District in west-central Durango State, Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (14.09.2012) 2.48 52-Week Low (15.05.2013) 0.76 Daily Volume 0.795 52-Week High % Change -67.94% Dividend Yield - 52-Week Low % Change 4.40% Beta 1.14 % 52 Week Price Range High/Low 1.95% Equity Float 134.84 Shares Out 30.04.2013 137.9 Short Int 0.52 109.61 1 Yr Total Return -48.38% Total Debt 0.00 YTD Return -48.04% Preferred Stock 0.0 Adjusted BETA 1.141 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 25.90 Consensus Rating 3.500 Enterprise Value 85.72 Average Volume 5 Day 635'846 GPL US EQUITY YTD Change - Average Volume 30 Day 549'802 GPL US EQUITY YTD % CHANGE - Average Volume 3 Month 613'256 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 22.4 31.7 42.2 57.8 61.1 56.0 60.2 56.8 68.0 - - 1.28x 2.85x 7.67x 4.05x 3.05x 21.76x 11.31x - - - - (9.9) 4.9 14.2 22.0 15.6 18.3 11.4 8.0 18.4 - - - 18.35x 22.73x 10.65x 11.93x 14.61x 0.00x 10.69x 4.66x - - (13.8) (0.9) 10.7 11.5 5.5 9.2 2.1 0.3 2.7 - - - - - - - 0.00x 0.00x 23.13x 16.19x - - EBITDA 15.63 Long-Term Rating Date - EBIT 6.74 Long-Term Rating - Operating Margin 11.02% Long-Term Outlook - Pretax Margin 15.88% Short-Term Rating Date - Return on Assets 5.02% Short-Term Rating - Return on Common Equity 5.72% Return on Capital 5.74% EBITDA/Interest Exp. 459.68 Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. -325.97 Net Debt/EBITDA -1.66 Gross Margin 32.0% Total Debt/EBITDA 0.00 EBITDA Margin 25.6% EBIT Margin 11.0% Total Debt/Equity 0.0% Net Income Margin 9.0% Total Debt/Capital 0.0% Asset Turnover 0.56 Current Ratio 6.23 Net Fixed Asset Turnover 1.17 Quick Ratio 5.17 Accounts receivable turnover-days 96.31 Debt to Assets 0.00% Inventory Days 50.73 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 60.30 Accounts Receivable Turnover 3.80 Cash Conversion Cycle 86.73 Inventory Turnover 7.21 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Great Panther Silver Ltd Price/Volume Valuation Analysis 951'650.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 165.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'968'414 7.96 1'435'555 15.05.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'765'875 1.28 1'765'875 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 1'415'289 1.03 519'096 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'387'500 1.01 587'500 31.12.2012 Investment Advisor ARCHER ROBERT A n/a SEDI 1'191'300 0.86 (61'200) 14.09.2011 n/a SANCHEZ FRANCISCO RA n/a 20F 1'075'000 0.78 - 29.02.2012 n/a BROWN CHARLES P n/a SEDI 448'000 0.32 36'000 18.11.2011 n/a PUPLAVA FINANCIAL SE PUPLAVA FINANCIAL SE 13F 410'201 0.3 (19'100) 31.03.2013 Hedge Fund Manager KOPCHEFF JOHN THOMAS n/a SEDI 280'000 0.2 200'000 25.08.2011 n/a CANADA PENSION PLAN CANADA PENSION PLAN 13F 260'501 0.19 (32'600) 31.03.2013 Pension Fund (ERISA) OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 200'000 0.15 - 31.01.2013 Investment Advisor WAY FUND MANAGERS Multiple Portfolios MF-AGG 200'000 0.15 - 28.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 190'484 0.14 - 14.05.2013 Investment Advisor NATIXIS ASSET MANAGE NATIXIS ASSET MANAGE 13F 153'000 0.11 (35'000) 31.03.2013 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 153'000 0.11 - 28.03.2013 Investment Advisor JANE STREET HOLDING JANE STREET HOLDING 13F 145'556 0.11 (46'366) 31.03.2013 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 130'000 0.09 4'000 28.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 101'500 0.07 101'500 31.03.2013 Hedge Fund Manager IFOS INTERNATIONALE Multiple Portfolios MF-AGG 100'000 0.07 - 27.03.2013 Investment Advisor ROYAL BANK OF CANADA n/a ULT-AGG 87'802 0.06 45'062 31.03.2013 Bank Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 14.05.2013 Salman Partners ASH GUGLANI buy 5 M 1 12 month 09.05.2013 Euro Pacific Capital Inc HEIKO IHLE buy 5 M 1 12 month 09.05.2013 Stonecap Securities Inc CHRISTOS DOULIS underperform 1 D 1 12 month 09.05.2013 Holdings By: Great Panther Silver Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 166.
    16.05.2013 Intrepid Mines Limitedis an international precious metals development and exploration company with primary operations in Indonesia. The Company's current project is located in the province of East Java, where it explores for gold, silver, and copper-gold. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (16.05.2012) 0.67 52-Week Low (23.07.2012) 0.19 Daily Volume 0.28 52-Week High % Change -57.89% Dividend Yield 0.00 52-Week Low % Change 47.37% Beta 1.64 % 52 Week Price Range High/Low 18.95% Equity Float 486.83 Shares Out 16.05.2013 555.9 Short Int 18.19 155.65 1 Yr Total Return -53.33% Total Debt 0.00 YTD Return 33.33% Preferred Stock 0.0 Adjusted BETA 1.645 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 9.65 Consensus Rating 2.400 Enterprise Value 145.26 Average Volume 5 Day 5'132'540 IAU AU EQUITY YTD Change - Average Volume 30 Day 2'458'447 IAU AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'015'753 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 54.4 0.0 0.0 0.0 0.0 0.0 0.0 - - - - 1.06x - - - - #DIV/0! #DIV/0! - - - - 2.2 1.9 (24.2) (39.2) (47.7) (30.7) (17.3) (9.9) (9.3) - - 26.51x 39.18x - - - 0.00x 0.00x - - - - (42.7) (9.9) (5.0) (30.0) (71.8) (29.4) (63.9) (7.1) (8.8) - - - - - - - 0.00x 0.00x - - - - EBITDA -47.73 Long-Term Rating Date - EBIT -47.76 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -50.47% Short-Term Rating - Return on Common Equity -51.74% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 57.06 Net Fixed Asset Turnover 0.00 Quick Ratio 5.01 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Intrepid Mines Ltd Price/Volume Valuation Analysis 5'786'721.00 Current Price (5/dd/yy) Market Data 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 10.0 M 20.0 M 30.0 M 40.0 M 50.0 M 60.0 M 70.0 M 80.0 M 90.0 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 167.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type TAURUS SM HOLDINGS P n/a Co File 48'192'131 8.67 - 16.03.2012 Holding Company VAN ECK ASSOCIATES C n/a ULT-AGG 41'772'440 7.51 7'384'262 15.05.2013 Investment Advisor QUANTUM PACIFIC INVE n/a EXCH 29'982'667 5.39 - 23.04.2013 Unclassified COMMONWEALTH BANK OF n/a EXCH 25'513'559 4.59 (1'063'213) 21.09.2011 Bank FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 19'156'073 3.45 (2'399'347) 30.09.2012 Hedge Fund Manager BANK OF AMERICA CORP n/a EXCH 17'837'142 3.21 (12'563'151) 26.09.2011 Investment Advisor FMR LLC n/a ULT-AGG 9'529'798 1.71 - 31.03.2013 Investment Advisor UNISUPER n/a EXCH 8'304'156 1.49 1'263'247 06.06.2012 Other ACORN CAPITAL LTD n/a EXCH 7'545'656 1.36 700'425 06.06.2012 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 6'348'158 1.14 (179'360) 31.08.2011 Investment Advisor SUNSUPER FUND n/a EXCH 5'436'384 0.98 878'800 06.06.2012 Other NORGES BANK Multiple Portfolios MF-AGG 4'420'172 0.8 - 31.12.2012 Government MICROCAP INVESTMENT n/a EXCH 3'995'655 0.72 478'000 06.06.2012 Other HEALTH SUPER n/a EXCH 3'920'180 0.71 602'600 06.06.2012 Other CBA OFFICERS SUPER F n/a EXCH 3'537'176 0.64 530'300 06.06.2012 Other VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'706'075 0.49 (16'476) 30.09.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'551'202 0.46 - 31.03.2013 Investment Advisor QLD LOCAL GOVT SUPER n/a EXCH 2'225'422 0.4 340'300 06.06.2012 Other AUSCOAL SUPER FUND n/a EXCH 2'091'335 0.38 327'800 06.06.2012 Other GORDON BRADLEY AUSTI n/a EXCH 1'970'295 0.35 235'000 01.03.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cormark Securities Inc. MIKE KOZAK Under Review #N/A N/A M #N/A N/A Not Provided 07.05.2013 National Bank Financial STEPHEN PARSONS Under Review #N/A N/A M #N/A N/A Not Provided 27.03.2013 Wilson HTM Investment Group CAMERON JUDD sell 1 D 0 Not Provided 21.03.2013 Hartleys PETER GRAY speculative buy 4 M 0 12 month 19.03.2013 RBC Capital Markets GEOFF BREEN underperform 1 D 0 12 month 27.02.2013 Canaccord Genuity Corp GARY LAMPARD suspended coverage #N/A N/A M #N/A N/A Not Provided 19.02.2013 RBS Morgans CHRIS BROWN outperform 5 N 1 12 month 27.11.2012 Canaccord Genuity Corp JEAN-FRANCOIS BERTINCOURT buy 5 N 2 12 month 17.04.2012 EVA Dimensions TEAM COVERAGE sell 1 M #N/A N/A Not Provided 31.01.2012 Holdings By: Intrepid Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 168.
    16.05.2013 Vista Gold Corp.is an international gold mining company. The Company is focused on its core projects, the Concordia gold project located in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Latest Fiscal Year: 12/2007 LTM as of: 03/yy 52-Week High (21.09.2012) 4.09 52-Week Low (15.05.2013) 1.30 Daily Volume 1.32 52-Week High % Change -67.73% Dividend Yield 0.00 52-Week Low % Change 1.54% Beta 1.17 % 52 Week Price Range High/Low 0.72% Equity Float 68.27 Shares Out 30.04.2013 81.7 Short Int 1.54 107.87 1 Yr Total Return -46.12% Total Debt 0.00 YTD Return -51.11% Preferred Stock 0.0 Adjusted BETA 1.168 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 88.40 Consensus Rating 5.000 Enterprise Value 19.48 Average Volume 5 Day 306'286 VGZ US EQUITY YTD Change - Average Volume 30 Day 414'468 VGZ US EQUITY YTD % CHANGE - Average Volume 3 Month 483'989 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.0 - - - - - - - #DIV/0! #DIV/0! - - - - (6.5) (6.1) (17.7) (28.1) (35.6) (31.9) (26.7) (18.8) (14.6) - - - - - - - 0.00x 0.00x - - - - (10.0) (1.9) (20.0) 51.5 (70.7) 44.2 (85.7) (26.5) (6.4) (4.4) (5.9) - - - - - 0.00x 0.00x - - - - EBITDA -35.63 Long-Term Rating Date - EBIT -36.22 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -44.30% Short-Term Rating - Return on Common Equity -57.29% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 2.94 Net Fixed Asset Turnover 0.00 Quick Ratio 2.84 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Vista Gold Corp Price/Volume Valuation Analysis 484'396.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 5 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 169.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a Research 12'084'310 14.79 - 31.12.2012 Hedge Fund Manager SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 12'084'310 14.79 - 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'374'527 13.92 1'172'092 15.05.2013 Investment Advisor SPROTT INC SPROTT INC 13F 6'145'260 7.52 (430'462) 31.03.2013 Hedge Fund Manager BLACKROCK n/a ULT-AGG 2'577'504 3.15 268'822 14.05.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 1'758'748 2.15 - 31.03.2013 Corporation ANDREEFF EQUITY ADVI ANDREEFF EQUITY ADVI 13F 1'386'026 1.7 (200'000) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 881'631 1.08 (20'701) 31.03.2013 Investment Advisor ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 871'929 1.07 343'929 31.03.2013 Investment Advisor PERRITT CAPITAL MANA PERRITT CAPITAL MANA 13F 822'000 1.01 - 31.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 755'864 0.92 627'319 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 713'381 0.87 4'326 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 632'415 0.77 (100'000) 31.03.2013 Pension Fund (ERISA) PARKER FREDERICK H E n/a Form 4 556'325 0.68 - 05.09.2012 n/a CREDIT SUISSE AG CREDIT SUISSE AG 13F 412'356 0.5 327'220 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 327'993 0.4 44'000 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 248'473 0.3 88'467 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 201'025 0.25 11'051 31.03.2013 Investment Advisor SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 199'168 0.24 (72'615) 31.03.2013 Investment Advisor RICHINGS MICHAEL B n/a Form 4 188'121 0.23 - 08.01.2013 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Roth Capital Partners BRIAN W POST buy 5 M 7 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 12 Not Provided 13.05.2013 Global Hunter Securities JEFF WRIGHT buy 5 M 5 12 month 13.05.2013 National Bank Financial PAOLO LOSTRITTO outperform 5 M 4 12 month 10.05.2013 Holdings By: Vista Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 170.
    16.05.2013 Alexco Resource Corporationis a mineral exploration and production company. The Company mines for minerals that include gold and silver. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 5.58 52-Week Low (15.05.2013) 1.57 Daily Volume 1.59 52-Week High % Change -71.50% Dividend Yield - 52-Week Low % Change 1.27% Beta 1.04 % 52 Week Price Range High/Low 0.50% Equity Float 52.25 Shares Out 30.04.2013 62.6 Short Int 0.84 99.49 1 Yr Total Return -63.19% Total Debt 0.00 YTD Return -55.46% Preferred Stock 0.0 Adjusted BETA 1.037 Minority Interest 0.0 Analyst Recs 5 Cash and Equivalents 23.09 Consensus Rating 3.400 Enterprise Value 78.23 Average Volume 5 Day 254'923 AXU US EQUITY YTD Change - Average Volume 30 Day 456'356 AXU US EQUITY YTD % CHANGE - Average Volume 3 Month 406'194 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 5.7 5.8 4.6 45.1 84.7 68.2 76.7 78.0 94.6 20.5 23.7 18.66x 14.71x 32.68x 8.09x 2.27x 24.16x 8.66x - - - - (4.8) (6.1) (6.0) 9.8 25.4 18.8 17.7 (4.0) 2.0 - - - - - 37.41x 7.55x 20.36x 0.00x - 39.11x - - (4.0) (9.6) (5.2) 3.5 3.4 5.2 (0.3) (2.2) 17.0 (0.5) 0.2 - - - - - 0.00x 0.00x - - - - EBITDA 25.44 Long-Term Rating Date - EBIT 1.26 Long-Term Rating - Operating Margin 1.49% Long-Term Outlook - Pretax Margin 9.42% Short-Term Rating Date - Return on Assets 1.62% Short-Term Rating - Return on Common Equity 2.42% Return on Capital 2.44% EBITDA/Interest Exp. 553.04 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -174.91 Net Debt/EBITDA -0.91 Gross Margin 21.2% Total Debt/EBITDA 0.00 EBITDA Margin 30.0% EBIT Margin 1.5% Total Debt/Equity 0.0% Net Income Margin 4.0% Total Debt/Capital 0.0% Asset Turnover 0.40 Current Ratio 2.57 Net Fixed Asset Turnover 0.57 Quick Ratio 2.01 Accounts receivable turnover-days 52.22 Debt to Assets 0.00% Inventory Days 75.58 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 110.73 Accounts Receivable Turnover 10.53 Cash Conversion Cycle 17.06 Inventory Turnover 7.28 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Alexco Resource Corp Price/Volume Valuation Analysis 437'268.00 Current Price (5/dd/yy) Market Data 0 1 2 3 4 5 6 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 171.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SPROTT INC SPROTT INC 13F 6'235'350 9.96 (624'500) 31.03.2013 Hedge Fund Manager SPROTT INC #N/A N/A Co File 6'004'850 9.6 (230'500) 30.04.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 4'009'408 6.41 527'964 15.05.2013 Investment Advisor COLUMBIA WANGER ASSE COLUMBIA WANGER ASSE 13F 2'629'000 4.2 (54'000) 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 2'100'000 3.36 2'100'000 31.03.2013 Hedge Fund Manager ASSET LIABILITY MANA #N/A N/A PROXY 1'940'299 3.1 - 01.05.2013 Other NAUMAN CLYNTON R n/a PROXY 1'725'001 2.76 - 01.05.2013 n/a RAFFLES ASSOCIATES L RAFFLES ASSOCIATES L 13F 1'203'671 1.92 - 31.03.2013 Hedge Fund Manager PATHSTONE FAMILY OFF PATHSTONE FAMILY OFF 13F 814'919 1.3 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 638'317 1.02 (10'515) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 586'930 0.94 (425'145) 14.05.2013 Investment Advisor THRALL BRADLEY A n/a SEDI 523'200 0.84 3'200 20.02.2013 n/a LB SWISS INVESTMENT Multiple Portfolios MF-AGG 500'000 0.8 - 27.03.2013 Investment Advisor TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 484'850 0.77 175'434 31.03.2013 Investment Advisor SEMAPHORE MANAGEMENT SEMAPHORE MANAGEMENT 13F 409'942 0.66 14'810 31.12.2012 Hedge Fund Manager FORUM INVESTMENT ADV Multiple Portfolios MF-AGG 381'904 0.61 35'740 31.12.2012 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 251'242 0.4 - 31.03.2013 Investment Advisor US GLOBAL INVESTORS Multiple Portfolios MF-AGG 200'000 0.32 (325'000) 31.12.2012 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 137'613 0.22 - 31.12.2012 Insurance Company NOMURA n/a ULT-AGG 91'006 0.15 (24'760) 31.03.2013 Unclassified Firm Name Analyst Recommendation Weighting Change Target Price Date Date Global Hunter Securities JEFF WRIGHT neutral 3 M 4 12 month 13.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL hold 3 M 3 Not Provided 10.05.2013 Cormark Securities Inc. GRAEME JENNINGS market perform 3 M 4 12 month 10.05.2013 Stonecap Securities Inc CHRISTOS DOULIS sector perform 3 D 3 12 month 10.05.2013 EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 15.04.2013 Holdings By: Alexco Resource Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 172.
    16.05.2013 ATAC Resources Ltd.explores for gold in Canada. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (05.06.2012) 3.50 52-Week Low (04.03.2013) 0.91 Daily Volume 0.98 52-Week High % Change -72.00% Dividend Yield 0.00 52-Week Low % Change 7.69% Beta 1.64 % 52 Week Price Range High/Low 2.70% Equity Float 90.26 Shares Out 30.04.2013 113.2 Short Int 0.14 110.89 1 Yr Total Return -50.25% Total Debt 0.00 YTD Return -43.68% Preferred Stock 0.0 Adjusted BETA 1.643 Minority Interest 0.0 Analyst Recs 2 Cash and Equivalents 15.04 Consensus Rating 5.000 Enterprise Value 95.85 Average Volume 5 Day 178'839 ATC CN EQUITY YTD Change - Average Volume 30 Day 205'989 ATC CN EQUITY YTD % CHANGE - Average Volume 3 Month 320'445 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 - 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - - (1.1) (3.1) - - 0.0 0.0 (5.4) (5.4) (1.0) (1.0) - - - - - 0.00x 0.00x - - - - - (1.1) (2.2) (24.8) (7.5) (24.8) (7.5) (3.5) (3.5) (0.9) (1.0) - - - - - 0.00x 0.00x - - - - EBITDA - Long-Term Rating Date - EBIT -6.54 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -8.85% Short-Term Rating - Return on Common Equity -10.04% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA - EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 18.93 Net Fixed Asset Turnover 0.00 Quick Ratio 18.66 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Atac Resources Ltd Price/Volume Valuation Analysis 324'926.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 173.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 14'971'600 13.23 30'100 31.03.2013 Hedge Fund Manager AGNICO-EAGLE MINES L n/a SEDI 9'600'000 8.48 - 20.03.2013 Corporation STRATEGIC METALS LTD n/a SEDI 9'556'286 8.45 (250'000) 05.04.2011 Corporation VAN ECK ASSOCIATES C n/a ULT-AGG 6'470'185 5.72 - 15.05.2013 Investment Advisor CARNE ROBERT C n/a SEDI 1'987'126 1.76 20'000 22.02.2013 n/a GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'531'428 1.35 - 14.05.2013 Investment Advisor AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'124'700 0.99 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 558'195 0.49 (1'400) 31.12.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 523'000 0.46 (463'800) 31.12.2012 Hedge Fund Manager GOSS DOUGLAS O n/a SEDI 482'588 0.43 28'300 25.02.2013 n/a YEADON GLENN ROBERT n/a PROXY 424'667 0.38 - 17.04.2013 n/a KENWAY BRUCE J n/a PROXY 400'000 0.35 - 17.04.2013 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 370'900 0.33 - 28.02.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 300'000 0.27 - 27.03.2013 Investment Advisor GESIURIS SA SGIIC Multiple Portfolios MF-AGG 300'000 0.27 - 30.04.2013 Investment Advisor DOWNS GRAHAM NOLAN n/a SEDI 255'000 0.23 135'000 17.02.2012 n/a NEXGEN FINANCIAL LP Multiple Portfolios MF-AGG 225'000 0.2 75'000 30.06.2012 Investment Advisor NATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 193'000 0.17 - 28.03.2013 Investment Advisor TALBOT IAN J n/a SEDI 111'400 0.1 (5'000) 07.06.2012 n/a FALCON FUND MANAGEME Multiple Portfolios MF-AGG 97'200 0.09 13'300 28.02.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Macquarie MICHAEL GRAY outperform 5 M 2 12 month 25.04.2013 Raymond James GARY J BASCHUK Under Review #N/A N/A M #N/A N/A Not Provided 18.04.2013 GMP ANDREW MIKITCHOOK buy 5 M 5 12 month 19.03.2013 Paradigm Capital Inc DON MACLEAN hold 3 M 4 12 month 06.03.2012 Holdings By: Atac Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 174.
    16.05.2013 Scorpio Mining Corporationexplores for silver in Canada and Mexico. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (04.10.2012) 1.28 52-Week Low (01.05.2013) 0.45 Daily Volume 0.46 52-Week High % Change -64.06% Dividend Yield 0.00 52-Week Low % Change 3.37% Beta 1.46 % 52 Week Price Range High/Low 1.80% Equity Float 196.42 Shares Out 30.04.2013 198.4 Short Int 0.11 91.26 1 Yr Total Return -47.73% Total Debt 0.00 YTD Return -55.34% Preferred Stock 0.0 Adjusted BETA 1.460 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 31.05 Consensus Rating 5.000 Enterprise Value 60.22 Average Volume 5 Day 269'606 SPM CN EQUITY YTD Change - Average Volume 30 Day 660'774 SPM CN EQUITY YTD % CHANGE - Average Volume 3 Month 513'762 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 19.4 34.2 61.1 45.8 56.1 41.6 51.1 104.0 - - - 4.59x 5.75x 5.89x 3.78x 19.77x 11.09x - - - - (4.6) 6.6 11.9 29.4 14.2 21.8 9.3 10.6 18.6 - - - 13.58x 16.54x 12.25x 12.23x 9.87x 0.00x 5.68x 3.24x - - (90.7) 13.5 30.7 12.6 7.1 10.0 4.3 - - - - - 6.00x 9.00x 32.50x 25.75x 25.80x 23.33x 13.53x 3.46x - - EBITDA 14.18 Long-Term Rating Date - EBIT 10.32 Long-Term Rating - Operating Margin 22.52% Long-Term Outlook - Pretax Margin 24.11% Short-Term Rating Date - Return on Assets 4.85% Short-Term Rating - Return on Common Equity 4.98% Return on Capital 5.00% EBITDA/Interest Exp. - Asset Turnover 0.31% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA -2.19 Gross Margin 41.6% Total Debt/EBITDA 0.00 EBITDA Margin 30.9% EBIT Margin 22.5% Total Debt/Equity 0.0% Net Income Margin 15.5% Total Debt/Capital 0.0% Asset Turnover 0.31 Current Ratio 21.39 Net Fixed Asset Turnover 0.54 Quick Ratio 18.19 Accounts receivable turnover-days 51.87 Debt to Assets 0.00% Inventory Days 82.23 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 27.78 Accounts Receivable Turnover 7.06 Cash Conversion Cycle 106.31 Inventory Turnover 4.45 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Scorpio Mining Corp Price/Volume Valuation Analysis 386'125.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 175.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 34'089'105 17.18 (203'900) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 15'758'728 7.94 - 15.05.2013 Investment Advisor JP MORGAN n/a ULT-AGG 9'523'000 4.8 - 31.12.2012 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 3'867'521 1.95 - 14.05.2013 Investment Advisor ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 3'800'000 1.92 - 31.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 1'941'000 0.98 (2'341'300) 31.12.2012 Hedge Fund Manager HAWLEY PETER J n/a Co File 1'843'436 0.93 - 31.12.2012 n/a GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'639'600 0.83 - 28.09.2012 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 1'400'000 0.71 - 28.02.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 1'322'400 0.67 - 31.01.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 424'600 0.21 - 28.02.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 215'588 0.11 - 31.01.2013 Investment Advisor FACTOR ADVISORS LLC Multiple Portfolios MF-AGG 131'178 0.07 - 29.11.2012 Unclassified SADEK JOHN n/a Co File 79'150 0.04 - 31.12.2012 n/a BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 75'011 0.04 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 65'721 0.03 - 14.05.2013 Investment Advisor IFOS INTERNATIONALE Multiple Portfolios MF-AGG 45'000 0.02 - 27.03.2013 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 40'000 0.02 20'000 28.03.2013 Investment Advisor MASON EWAN n/a Co File 20'000 0.01 - 31.12.2012 n/a SAWH HEMDAT n/a Co File 10'500 0.01 - 31.12.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 2 12 month 13.05.2013 Clarus Securities MIKE BANDROWSKI buy 5 M 2 12 month 13.05.2013 Casimir Capital ERIC WINMILL buy 5 M 1 12 month 13.05.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 EVA Dimensions TEAM COVERAGE buy 5 U #N/A N/A Not Provided 12.06.2012 Holdings By: Scorpio Mining Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 176.
    16.05.2013 Midway Gold Corp.explores and develops mineral resource properties. The Company is currently exploring for gold on its Midway Prospect property located in Nevada in the United States. Latest Fiscal Year: 12/2010 LTM as of: 03/yy 52-Week High (18.10.2012) 1.80 52-Week Low (15.05.2013) 0.86 Daily Volume 0.883 52-Week High % Change -50.94% Dividend Yield 0.00 52-Week Low % Change 2.36% Beta 1.04 % 52 Week Price Range High/Low 2.18% Equity Float 98.45 Shares Out 01.05.2013 128.5 Short Int 3.91 113.42 1 Yr Total Return -26.42% Total Debt 0.00 YTD Return -36.47% Preferred Stock 44.3 Adjusted BETA 1.041 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 75.05 Consensus Rating 4.429 Enterprise Value 84.71 Average Volume 5 Day 305'086 MDW US EQUITY YTD Change - Average Volume 30 Day 330'129 MDW US EQUITY YTD % CHANGE - Average Volume 3 Month 345'929 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (11.6) (3.8) (6.3) (18.2) (14.3) (18.6) (11.4) (6.5) (7.5) - - - - - - - 0.00x 0.00x - - - - (16.2) (2.6) (5.8) (15.5) (15.3) (15.9) (6.3) (10.0) (15.1) (5.0) (5.0) - - - - - 0.00x 0.00x - - - - EBITDA -14.33 Long-Term Rating Date - EBIT -14.73 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -15.54% Short-Term Rating - Return on Common Equity -26.88% Return on Capital - EBITDA/Interest Exp. -5311.80 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -8155.64 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 43.98 Net Fixed Asset Turnover 0.00 Quick Ratio 43.90 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Midway Gold Corp Price/Volume Valuation Analysis 393'364.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 177.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 10'847'196 8.44 915'894 15.05.2013 Investment Advisor SHEERIN MATT n/a PROXY 7'929'506 6.17 (271'400) 18.04.2013 n/a HAWES GEORGE T n/a PROXY 7'112'952 5.54 - 18.04.2013 n/a FRANKLIN RESOURCES n/a ULT-AGG 6'557'700 5.11 60'000 31.03.2013 Investment Advisor HALE CAPITAL PARTNER n/a PROXY 6'127'310 4.77 - 18.04.2013 Other BLACKROCK n/a ULT-AGG 5'299'564 4.13 467'767 14.05.2013 Investment Advisor DISBROW ROBERT n/a 13G 5'072'200 3.95 (75'800) 31.12.2011 n/a VANGUARD GROUP INC VANGUARD GROUP INC 13F 2'914'011 2.27 (1'449'218) 31.03.2013 Investment Advisor YU FRANK S n/a PROXY 1'709'646 1.33 - 18.04.2013 n/a STATE STREET n/a ULT-AGG 1'634'300 1.27 (26'204) 31.03.2013 Investment Advisor WOLFUS DANIEL EDWARD n/a PROXY 1'570'117 1.22 - 18.04.2013 n/a NANTAHALA CAPITAL MA NANTAHALA CAPITAL MA 13F 1'526'751 1.19 1'526'751 31.03.2013 Hedge Fund Manager DAVENPORT & COMPANY DAVENPORT & COMPANY 13F 1'470'179 1.14 14'700 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 1'416'296 1.1 (65'462) 31.03.2013 Investment Advisor DEANS KNIGHT CAPITAL n/a 13G 1'144'360 0.89 - 31.12.2012 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 571'863 0.45 - 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 558'000 0.43 - 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 445'429 0.35 - 31.03.2013 Hedge Fund Manager TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 435'535 0.34 - 31.03.2013 Investment Advisor BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 376'690 0.29 (4'310) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Canaccord Genuity Corp JOE MAZUMDAR speculative buy 4 M 2 12 month 08.05.2013 Stifel MICHAEL A SCOON buy 5 M 2 12 month 03.05.2013 Jacob Securities Inc MATTHEW SHEPPARD buy 5 M 2 12 month 23.04.2013 Cormark Securities Inc. KYLE MCPHEE speculative buy 4 M 2 12 month 22.04.2013 RBC Capital Markets SAM CRITTENDEN outperform 5 M 2 12 month 05.02.2013 Stonecap Securities Inc BRIAN SZETO outperform 5 M 2 12 month 08.01.2013 MLV & Co RICHARD TROTMAN suspended coverage #N/A N/A M #N/A N/A Not Provided 16.07.2012 Holdings By: Midway Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 178.
    16.05.2013 Patagonia Gold PLCholds investments in mineral exploration companies involved in identifying, acquiring, and developing mineral projects, either alone or with joint-venture partners. The Company explores for gold in locations throughout Argentina. Latest Fiscal Year: 12/2012 LTM as of: 01/yy 52-Week High (28.05.2012) 33.50 52-Week Low (26.04.2013) 9.75 Daily Volume 10.75 52-Week High % Change -67.91% Dividend Yield 0.00 52-Week Low % Change 10.26% Beta 0.91 % 52 Week Price Range High/Low 11.58% Equity Float 540.59 Shares Out 30.04.2013 855.5 Short Int - 91.96 1 Yr Total Return -51.14% Total Debt 0.00 YTD Return -52.22% Preferred Stock 0.0 Adjusted BETA 0.908 Minority Interest 2.5 Analyst Recs 1 Cash and Equivalents 2.87 Consensus Rating 4.000 Enterprise Value 91.55 Average Volume 5 Day 664'383 PGD LN EQUITY YTD Change - Average Volume 30 Day 1'413'518 PGD LN EQUITY YTD % CHANGE - Average Volume 3 Month 1'463'209 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - - - - - - - - - (5.8) (7.3) (11.3) (32.6) (15.8) - - - - - - - - - - - - - - - - - (5.8) (7.3) (11.3) (33.2) (13.1) - - - - - - - - - - - - - - - - - EBITDA -15.81 Long-Term Rating Date - EBIT -16.48 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -39.10% Short-Term Rating - Return on Common Equity -54.75% Return on Capital - EBITDA/Interest Exp. -368.56 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -457.66 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 1.80 Net Fixed Asset Turnover 0.00 Quick Ratio 0.78 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 441.36 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 0.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Patagonia Gold PLC Price/Volume Valuation Analysis 442'856.00 Current Price (5/dd/yy) Market Data 0 5 10 15 20 25 30 35 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 179.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type DIRECTOR & RELATED H Multiple Portfolios REG 149'037'867 17.42 2'753'684 02.01.2013 Other BLACKROCK n/a ULT-AGG 140'259'219 16.4 (116'604) 14.05.2013 Investment Advisor MIGUENS CARLOS JOSE n/a RNS-DIR 125'072'109 14.62 - 03.05.2013 n/a UBS n/a ULT-AGG 96'575'359 11.29 590'460 02.01.2013 Unclassified CINCO VIENTOS URUGUA Multiple Portfolios REG 50'361'585 5.89 9'636'316 02.01.2013 Other VAN ECK ASSOCIATES C n/a ULT-AGG 41'728'143 4.88 - 15.05.2013 Investment Advisor VAN ECK GLOBAL Multiple Portfolios REG 36'986'715 4.32 (1'116'233) 02.01.2013 Unclassified MIGUENS DIEGO n/a Co File 29'562'152 3.46 - 24.04.2012 n/a TAHEH INTERNATIONAL Multiple Portfolios REG 28'353'264 3.31 - 02.01.2013 Other BARRICK GOLD CORP Multiple Portfolios REG 28'323'264 3.31 - 02.01.2013 Corporation MIGUENS CRISTINA n/a Co File 24'485'645 2.86 - 24.04.2012 n/a HUMPHRIES WILLIAM HE n/a RNS-DIR 23'296'857 2.72 4'403'000 27.06.2012 n/a HARGREAVE n/a ULT-AGG 16'987'188 1.99 4'345'000 02.01.2013 Unclassified PRIVATE INDIVIDUALS Multiple Portfolios REG 13'399'969 1.57 (908'112) 02.01.2013 Other COUTTS PRIVATE BANKI Multiple Portfolios REG 12'894'789 1.51 - 02.01.2013 Unclassified F&C FUND MANAGEMENT Multiple Portfolios MF-AGG 9'941'137 1.16 - 28.02.2013 Investment Advisor F&C ASSET MANAGEMENT Multiple Portfolios REG 9'722'734 1.14 (2'554'143) 02.01.2013 Investment Advisor CRAVEN JOHN ANTHONY n/a Co File 9'455'190 1.11 - 24.04.2012 n/a WALKER CRIPS STOCKBR Multiple Portfolios REG 9'385'378 1.1 (231'500) 02.01.2013 Other INVESTEC WEALTH & IN Multiple Portfolios REG 7'247'490 0.85 (38'500) 02.01.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Mirabaud Securities NICHOLAS CHALMERS speculative buy 4 M 35 12 month 04.12.2012 Holdings By: Patagonia Gold PLC All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 180.
    16.05.2013 Gryphon Minerals Ltd.explores for gold. The Company operates on the Banfora Gold Project in Burkina Faso, Africa, and properties in Mauritania. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (24.09.2012) 0.99 52-Week Low (02.05.2013) 0.19 Daily Volume 0.23 52-Week High % Change -76.77% Dividend Yield 0.00 52-Week Low % Change 24.32% Beta 1.47 % 52 Week Price Range High/Low 5.59% Equity Float 390.07 Shares Out 31.12.2012 400.5 Short Int 13.71 92.11 1 Yr Total Return -64.06% Total Debt 0.00 YTD Return -55.34% Preferred Stock 0.0 Adjusted BETA 1.465 Minority Interest 0.0 Analyst Recs 13 Cash and Equivalents 46.22 Consensus Rating 4.000 Enterprise Value 41.45 Average Volume 5 Day 4'069'073 GRY AU EQUITY YTD Change - Average Volume 30 Day 3'923'475 GRY AU EQUITY YTD % CHANGE - Average Volume 3 Month 3'666'811 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 0.0 0.0 0.0 0.0 0.0 - - 0.8 1.4 - - - - - - - - - 62.07x 86.73x - - (3.3) (2.7) (3.9) (15.9) (8.0) - - (10.2) (8.8) - - - - - - - - - - - - - (3.1) (2.3) (3.2) (8.9) (5.9) - - (8.6) (6.7) - - - - - - - - - - - - - EBITDA -8.04 Long-Term Rating Date - EBIT -8.20 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -1.76% Short-Term Rating - Return on Common Equity -1.82% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 3.81 Net Fixed Asset Turnover 0.00 Quick Ratio 3.75 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Gryphon Minerals Ltd Price/Volume Valuation Analysis 5'524'442.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 1 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 181.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 47'385'165 11.83 681'722 15.05.2013 Investment Advisor GENESIS ASSET MANAGE n/a EXCH 28'079'256 7.01 7'396'732 07.05.2013 Investment Advisor COMMONWEALTH BANK OF n/a EXCH 19'591'128 4.89 - 20.11.2012 Bank AMP LTD n/a EXCH 16'488'127 4.12 (985'067) 22.10.2012 Insurance Company ROYAL BANK OF CANADA n/a ULT-AGG 14'803'493 3.7 (160'194) 05.04.2011 Bank NORGES BANK Multiple Portfolios MF-AGG 13'598'508 3.4 - 31.12.2012 Government JP MORGAN n/a ULT-AGG 10'018'063 2.5 2'579'872 31.03.2013 Investment Advisor PARSONS STEPHEN n/a EXCH 6'990'601 1.75 - 18.12.2012 n/a GCIC LTD/CANADA Multiple Portfolios MF-AGG 6'850'000 1.71 1'850'000 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 5'590'010 1.4 - 31.03.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 5'507'628 1.38 1'032'776 31.08.2011 Investment Advisor GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 4'493'276 1.12 - 14.05.2013 Investment Advisor WELLS FARGO n/a ULT-AGG 3'934'525 0.98 - 31.03.2013 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 3'498'398 0.87 - 31.03.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 2'360'000 0.59 - 29.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 2'139'152 0.53 - 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'939'645 0.48 350'148 31.03.2013 Investment Advisor NETHERWAY DAVID GEOR n/a Co File 1'847'374 0.46 - 30.06.2012 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'820'050 0.45 (10'410) 30.09.2012 Investment Advisor SHARE SICAV Multiple Portfolios MF-AGG 1'634'666 0.41 (530'000) 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER buy 5 M 1 Not Provided 13.05.2013 Clarus Securities NANA SANGMUAH buy 5 M 1 12 month 03.05.2013 Macquarie MITCH RYAN neutral 3 M 1 12 month 26.04.2013 RBC Capital Markets GEOFF BREEN sector perform 3 M 0 12 month 25.04.2013 GMP LEVI SPRY buy 5 M 0 Not Provided 24.04.2013 Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 0 12 month 22.04.2013 Argonaut Securities Pty Ltd TROY IRVIN speculative buy 4 M 1 Not Provided 19.04.2013 BMO Capital Markets ANDREW BREICHMANAS speculative outperform 4 M 1 Not Provided 15.04.2013 Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 1 Not Provided 03.04.2013 RBS Morgans JAMES WILSON outperform 5 M 1 12 month 06.03.2013 EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 01.03.2013 Paradigm Capital Inc DON MACLEAN speculative buy 4 M 1 12 month 01.02.2013 Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012 DJ Carmichael Pty Ltd PAUL ADAMS speculative buy 4 M #N/A N/A Not Provided 24.08.2011 Holdings By: Gryphon Minerals Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 182.
    16.05.2013 DRDGOLD Limited isa mid-tier, unhedged gold producer with a mix of assets. The Company's assets include underground mines and surface re-treatment operation and exploration activities in South Africa. Latest Fiscal Year: 06/2012 LTM as of: 03/yy 52-Week High (19.02.2013) 8.59 52-Week Low (31.08.2012) 5.35 Daily Volume 6.09 52-Week High % Change -29.10% Dividend Yield - 52-Week Low % Change 13.83% Beta 0.79 % 52 Week Price Range High/Low 22.84% Equity Float - Shares Out 31.03.2013 38.5 Short Int 0.06 234.70 1 Yr Total Return 10.41% Total Debt 30.69 YTD Return -22.84% Preferred Stock 0.0 Adjusted BETA 0.792 Minority Interest 136.7 Analyst Recs 2 Cash and Equivalents 298.51 Consensus Rating 4.000 Enterprise Value - Average Volume 5 Day 93'907 DRD US EQUITY YTD Change - Average Volume 30 Day 95'857 DRD US EQUITY YTD % CHANGE - Average Volume 3 Month 138'084 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/13 Q4 09/13 Q1 1'843.9 1'910.7 1'990.5 1'379.5 1'764.2 2'000.9 2'031.9 2'129.1 2'545.8 - - 0.86x 1.10x 0.64x 0.79x 1.09x 2.92x 4.62x - - - - 162.1 6.9 212.5 225.7 370.8 408.0 411.6 526.4 795.5 - - 9.75x 301.94x 6.03x 4.83x 5.21x 4.50x 6.72x - - - - 996.0 129.1 207.8 (287.9) 308.7 (117.3) 291.8 307.1 462.1 - - - - - - - 0.00x 0.00x 7.11x 4.71x - - EBITDA 370.76 Long-Term Rating Date - EBIT 249.91 Long-Term Rating - Operating Margin 14.17% Long-Term Outlook - Pretax Margin 14.79% Short-Term Rating Date - Return on Assets 10.71% Short-Term Rating - Return on Common Equity 19.27% Return on Capital - EBITDA/Interest Exp. 23.65 Asset Turnover 0.75% (EBITDA-Capex)/Interest Exp. 2.40 Net Debt/EBITDA -0.58 Gross Margin 20.6% Total Debt/EBITDA 0.42 EBITDA Margin 20.4% EBIT Margin 13.8% Total Debt/Equity 2.0% Net Income Margin 17.5% Total Debt/Capital 1.8% Asset Turnover 0.75 Current Ratio 1.80 Net Fixed Asset Turnover 1.17 Quick Ratio 1.15 Accounts receivable turnover-days - Debt to Assets 1.23% Inventory Days - Tot Debt to Common Equity 2.05% Accounts Payable Turnover Day - Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended DRDGOLD Ltd Price/Volume Valuation Analysis 70'829.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 9 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 0.0 500.0 1'000.0 1'500.0 2'000.0 2'500.0 3'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 183.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SKAGEN AS Multiple Portfolios MF-AGG 3'724'701 9.66 - 27.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 1'073'033 2.78 141'063 15.05.2013 Investment Advisor ACADIAN ASSET MANAGE ACADIAN ASSET MANAGE 13F 536'792 1.39 (58'369) 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 442'970 1.15 52'500 31.03.2013 Hedge Fund Manager US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 125'000 0.32 15'000 31.03.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 115'000 0.3 - 31.01.2013 Investment Advisor BRANCH BANKING & TRU BRANCH BANKING AND T 13F 110'000 0.29 - 31.03.2013 Bank ROTHSCHILD & COMPAGN Multiple Portfolios MF-AGG 100'000 0.26 - 31.01.2013 Investment Advisor OXFORD ASSET MANAGEM OXFORD ASSET MANAGEM 13F 61'336 0.16 43'360 31.03.2013 Investment Advisor MORGAN STANLEY n/a ULT-AGG 49'176 0.13 17'676 31.03.2013 Investment Advisor FRANK RUSSELL TRUST FRANK RUSSELL COMPAN 13F 36'297 0.09 - 31.03.2013 Investment Advisor RUFFER LLP RUFFER LLP 13F 34'015 0.09 - 31.03.2013 Hedge Fund Manager APERIO GROUP LLC APERIO GROUP LLC 13F 33'383 0.09 3'750 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 28'300 0.07 - 31.03.2013 Investment Advisor SCHRODER INVESTMENT SCHRODER INVESTMENT 13F 28'300 0.07 - 31.03.2013 Investment Advisor COMMONWEALTH OF PENN COMMONWEALTH OF PENN 13F 26'529 0.07 - 31.03.2013 Pension Fund (ERISA) BLACKROCK n/a ULT-AGG 20'181 0.05 20'133 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 19'729 0.05 3'502 31.03.2013 Investment Advisor O'SHAUGHNESSY ASSET O'SHAUGHNESSY ASSET 13F 11'452 0.03 5'671 31.03.2013 Investment Advisor PHILADELPHIA INTERNA PHILADELPHIA INTERNA 13F 9'000 0.02 9'000 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 07.05.2013 Holdings By: DRDGOLD Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 184.
    16.05.2013 Red 5 Limitedis a minieral exploration and development company. The Company's principal asset is the Siana Gold Project in the Philippines held under a Mineral Production Sharing Agreement by a Red5 Philippine compliant company. Red 5's second asset is the Mapawa MPSA, located north of Siana. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (05.10.2012) 1.75 52-Week Low (18.04.2013) 0.56 Daily Volume 0.62 52-Week High % Change -64.57% Dividend Yield 0.00 52-Week Low % Change 11.71% Beta 1.52 % 52 Week Price Range High/Low 5.44% Equity Float 134.28 Shares Out 31.12.2012 135.5 Short Int 0.79 84.00 1 Yr Total Return -53.03% Total Debt 0.00 YTD Return -50.40% Preferred Stock 0.0 Adjusted BETA 1.516 Minority Interest (0.4) Analyst Recs 2 Cash and Equivalents 13.46 Consensus Rating 2.000 Enterprise Value 92.27 Average Volume 5 Day 0 RED AU EQUITY YTD Change - Average Volume 30 Day 124'305 RED AU EQUITY YTD % CHANGE - Average Volume 3 Month 213'705 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - - - - 0.0 4.3 - - 43.8 125.0 - - - - - - 42.84x - - 2.16x 0.42x - - (1.4) (1.5) (2.2) (5.2) (2.9) - - 8.0 72.4 - - - - - - - - - 11.47x 1.27x - - (0.6) (0.9) (0.4) (8.1) (1.7) - - (7.3) 33.5 - - - - - - - - - - 2.45x - - EBITDA -2.93 Long-Term Rating Date - EBIT -3.46 Long-Term Rating - Operating Margin -80.96% Long-Term Outlook - Pretax Margin -39.34% Short-Term Rating Date - Return on Assets -5.70% Short-Term Rating - Return on Common Equity -6.67% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.10% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin 38.2% Total Debt/EBITDA -4.91 EBITDA Margin -29.5% EBIT Margin -32.7% Total Debt/Equity 0.0% Net Income Margin -40.8% Total Debt/Capital 0.0% Asset Turnover 0.10 Current Ratio 2.36 Net Fixed Asset Turnover 0.28 Quick Ratio 1.34 Accounts receivable turnover-days 75.80 Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 4.83 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Red 5 Ltd Price/Volume Valuation Analysis 68'467.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 185.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type FRANKLIN RESOURCES n/a ULT-AGG 17'841'590 13.17 40'000 28.03.2013 Investment Advisor BAKER STEEL GOLD FUN n/a Co File 11'095'633 8.19 - 24.09.2012 n/a JP MORGAN n/a ULT-AGG 9'638'245 7.11 (1'034'479) 31.12.2012 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 9'206'232 6.79 - 15.05.2013 Investment Advisor RUFFER LLP Multiple Portfolios MF-AGG 6'663'000 4.92 - 27.12.2012 Hedge Fund Manager DEUTSCHE BANK AG n/a EXCH 3'958'183 2.92 (3'160'399) 24.06.2011 Investment Advisor GAMCO n/a ULT-AGG 2'208'823 1.63 - 31.12.2012 Unclassified FMR LLC n/a ULT-AGG 1'326'000 0.98 - 31.03.2013 Investment Advisor EDWARDS GREGORY CHAR n/a Co File 1'065'111 0.79 - 15.11.2012 n/a VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 679'951 0.5 - 30.09.2012 Investment Advisor EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 301'926 0.22 (100'000) 30.11.2012 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 260'849 0.19 (2'137'799) 31.12.2012 Hedge Fund Manager DIMENSIONAL FUND ADV n/a ULT-AGG 66'444 0.05 - 31.01.2013 Investment Advisor SCANLAN GARY FRANCIS n/a EXCH 50'000 0.04 - 31.12.2012 n/a MOBILIA JOE n/a Co File 44'958 0.03 - 30.06.2012 n/a BLACKROCK n/a ULT-AGG 41'803 0.03 - 14.05.2013 Investment Advisor MILAZZO MARK FRANCIS n/a Co File 25'000 0.02 - 26.09.2012 n/a JACKSON COLIN GEORGE n/a Co File 22'500 0.02 - 26.09.2012 n/a BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 17'274 0.01 - 31.01.2013 Investment Advisor AUSTRALIAN INDEX INV Multiple Portfolios MF-AGG 1'081 0 - 30.04.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER Under Review #N/A N/A M #N/A N/A Not Provided 14.05.2013 Wilson HTM Investment Group CAMERON JUDD sell 1 M 1 Not Provided 17.04.2013 Evans & Partners Pty Ltd CATHY MOISES neutral 3 D #N/A N/A Not Provided 03.01.2013 Bell Potter CHRIS WHITEHEAD buy 5 M 3 12 month 01.03.2012 Holdings By: Red 5 Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 186.
    16.05.2013 Lingbao Gold CompanyLtd. mines and smelts gold. The Company produces gold bullion, silver, copper products, and sulphuric acid. Latest Fiscal Year: 12/2012 LTM as of: 06/yy 52-Week High (21.05.2012) 3.96 52-Week Low (16.05.2013) 2.05 Daily Volume 2.17 52-Week High % Change -45.20% Dividend Yield 4.07 52-Week Low % Change 5.85% Beta 0.80 % 52 Week Price Range High/Low 2.31% Equity Float 297.27 Shares Out 31.12.2012 297.3 Short Int - 1'679.09 1 Yr Total Return -32.29% Total Debt 4'216.29 YTD Return -31.33% Preferred Stock 0.0 Adjusted BETA 0.800 Minority Interest 46.7 Analyst Recs 4 Cash and Equivalents 267.94 Consensus Rating 3.500 Enterprise Value 5'324.93 Average Volume 5 Day 350'240 3330 HK EQUITY YTD Change - Average Volume 30 Day 486'344 3330 HK EQUITY YTD % CHANGE - Average Volume 3 Month 515'323 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/12 Q3 12/12 Q4 3'559.1 3'961.7 4'834.6 5'720.8 6'393.3 0.0 0.0 6'921.5 6'595.0 - - 0.72x 0.99x 1.40x 0.83x 0.93x #DIV/0! #DIV/0! 0.70x 0.72x - - 354.4 738.8 777.4 824.5 739.3 0.0 0.0 754.0 811.0 - - 7.26x 5.29x 8.71x 5.75x 8.05x 0.00x 0.00x 7.06x 6.57x - - 115.6 118.0 266.5 310.6 165.3 0.0 0.0 140.0 141.0 - - 11.63x 17.38x 16.59x 5.74x 12.10x 0.00x 0.00x 9.55x 9.29x - - EBITDA 739.33 Long-Term Rating Date - EBIT 469.78 Long-Term Rating - Operating Margin 7.35% Long-Term Outlook - Pretax Margin 3.51% Short-Term Rating Date - Return on Assets 2.28% Short-Term Rating - Return on Common Equity 7.05% Return on Capital 5.53% EBITDA/Interest Exp. 3.06 Asset Turnover 0.88% (EBITDA-Capex)/Interest Exp. 1.51 Net Debt/EBITDA 5.34 Gross Margin 12.6% Total Debt/EBITDA 5.70 EBITDA Margin 11.6% EBIT Margin 7.3% Total Debt/Equity 176.6% Net Income Margin 2.6% Total Debt/Capital 63.4% Asset Turnover 0.88 Current Ratio 1.10 Net Fixed Asset Turnover 2.55 Quick Ratio 0.20 Accounts receivable turnover-days 27.06 Debt to Assets 53.24% Inventory Days 173.83 Tot Debt to Common Equity 176.56% Accounts Payable Turnover Day 26.52 Accounts Receivable Turnover 13.52 Cash Conversion Cycle 174.37 Inventory Turnover 2.11 Fiscal Year Ended Lingbao Gold Co Ltd Price/Volume Valuation Analysis 1'498'000.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 0.0 1'000.0 2'000.0 3'000.0 4'000.0 5'000.0 6'000.0 7'000.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 187.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type BANK OF NEW YORK MEL n/a EXCH 27'842'000 9.37 - 20.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 23'758'000 7.99 - 15.05.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 7'502'000 2.52 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 2'308'000 0.78 - 14.05.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'608'558 0.54 (136'000) 31.03.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 1'310'000 0.44 (580'000) 30.06.2011 Investment Advisor SCHOELLERBANK INVEST Multiple Portfolios MF-AGG 230'000 0.08 30'000 28.03.2013 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 190'000 0.06 - 31.01.2013 Investment Advisor OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 160'000 0.05 - 31.01.2013 Investment Advisor HANDELSBANKEN FONDER Multiple Portfolios MF-AGG 122'000 0.04 - 31.03.2013 Investment Advisor NOMURA INTERNATIONAL Multiple Portfolios MF-AGG 68'000 0.02 - 31.03.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 07.05.2013 Guotai Junan KEVIN GUO neutral 3 M 2 Not Provided 22.04.2013 Credit Suisse OWEN LIANG underperform 1 D 2 Not Provided 09.04.2013 BOCOM International Holdings RONGJIN LUO long-term buy 5 M 7 12 month 13.07.2012 First Shanghai Securities Ltd ZHANG ZHIBIN buy 5 N 6 12 month 28.03.2012 Holdings By: Lingbao Gold Co Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 188.
    16.05.2013 International Tower HillMines Ltd. acquires, explores, and evaluates mineral properties. The Company currently possesses an expanding portfolio of Alaskan and Nevada based gold and base metal exploration projects. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (01.06.2012) 3.75 52-Week Low (15.05.2013) 0.83 Daily Volume 0.8362 52-Week High % Change -77.70% Dividend Yield - 52-Week Low % Change 0.75% Beta 1.07 % 52 Week Price Range High/Low 0.21% Equity Float 85.66 Shares Out 06.05.2013 98.1 Short Int 0.37 82.00 1 Yr Total Return -68.21% Total Debt 0.00 YTD Return -61.47% Preferred Stock 0.0 Adjusted BETA 1.071 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 30.35 Consensus Rating 2.667 Enterprise Value 58.71 Average Volume 5 Day 149'346 THM US EQUITY YTD Change - Average Volume 30 Day 201'525 THM US EQUITY YTD % CHANGE - Average Volume 3 Month 259'741 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! - - (3.2) (7.3) (12.1) (9.9) (55.5) (15.2) (57.4) (17.2) (19.3) - - - - - - - 0.00x 0.00x - - - - (2.4) (9.8) (17.9) (10.2) (56.6) (16.6) (54.4) (13.2) (14.6) - - - - - - - 0.00x 0.00x - - - - EBITDA -55.52 Long-Term Rating Date - EBIT -55.55 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -38.25% Short-Term Rating - Return on Common Equity -46.46% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 8.39 Net Fixed Asset Turnover 0.00 Quick Ratio 8.17 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended International Tower Hill Mines Ltd Price/Volume Valuation Analysis 242'460.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 4 4 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 189.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 17'207'269 17.55 37'800 31.03.2013 Hedge Fund Manager ANGLOGOLD ASHANTI LT n/a SEDI 11'073'323 11.29 - 07.08.2012 Holding Company PAULSON & CO PAULSON & CO 13F 8'908'000 9.08 (41'654) 31.03.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 6'906'702 7.04 493'586 15.05.2013 Investment Advisor TEXAS TEACHER RETIRE TEACHER RETIREMENT S 13F 2'099'836 2.14 - 31.03.2013 Pension Fund (ERISA) WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 1'407'011 1.43 (519'400) 31.03.2013 Hedge Fund Manager ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 1'014'000 1.03 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 999'932 1.02 999'932 31.03.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 607'000 0.62 - 28.02.2013 Investment Advisor INVESCO LTD n/a ULT-AGG 561'498 0.57 (338'927) 31.03.2013 Investment Advisor FMR LLC n/a ULT-AGG 546'700 0.56 - 31.03.2013 Investment Advisor DRESCHER ANTON J n/a SEDI 489'218 0.5 (50'000) 21.12.2012 n/a AEGIS FINANCIAL CORP AEGIS FINANCIAL CORP 13F 403'449 0.41 403'449 31.03.2013 Investment Advisor PONTIUS JEFFREY A n/a SEDI 383'566 0.39 (195'600) 07.01.2013 n/a VANGUARD GROUP INC Multiple Portfolios MF-AGG 361'867 0.37 16'250 31.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 345'555 0.35 114'825 31.12.2012 Insurance Company CARRIERE DANIEL A n/a SEDI 294'735 0.3 - 22.11.2011 n/a TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 253'453 0.26 (12'997) 31.03.2013 Investment Advisor TD ASSET MANAGEMENT TD ASSET MANAGEMENT 13F 220'000 0.22 - 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 159'600 0.16 (74'000) 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Credit Suisse ANITA SONI underperform 1 M 1 Not Provided 22.04.2013 BMO Capital Markets JOHN P HAYES Speculative Underperform 2 D #N/A N/A Not Provided 14.04.2013 Salman Partners DAVID WEST Under Review #N/A N/A M #N/A N/A Not Provided 08.11.2012 Holdings By: International Tower Hill Mines Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 190.
    16.05.2013 Saracen Mineral HoldingsLtd. explores for and produces gold. The Company produces gold from its Carosue Dam mine located notheast of Kalgoorlie, Western Australia. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (07.06.2012) 0.62 52-Week Low (24.04.2013) 0.14 Daily Volume 0.155 52-Week High % Change -74.80% Dividend Yield 0.00 52-Week Low % Change 10.71% Beta 1.17 % 52 Week Price Range High/Low 5.26% Equity Float 532.79 Shares Out 06.02.2013 595.3 Short Int 17.63 92.27 1 Yr Total Return -63.95% Total Debt 3.06 YTD Return -59.21% Preferred Stock 0.0 Adjusted BETA 1.173 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 20.31 Consensus Rating 3.857 Enterprise Value 99.84 Average Volume 5 Day 7'181'704 SAR AU EQUITY YTD Change - Average Volume 30 Day 7'507'578 SAR AU EQUITY YTD % CHANGE - Average Volume 3 Month 6'155'722 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 0.0 - 31.4 155.7 183.8 - - 211.2 230.8 - - - - 5.26x 1.58x 1.70x - - 0.53x 0.38x - - (1.9) (9.5) 14.7 59.5 63.1 - - 61.9 82.9 - - - - 11.26x 4.15x 4.96x - - 1.61x 1.21x - - (1.8) (10.0) (25.4) 47.7 18.7 - - 16.7 35.8 - - - - - 5.49x 16.82x - - 4.43x 2.25x - - EBITDA 63.08 Long-Term Rating Date - EBIT 36.49 Long-Term Rating - Operating Margin 19.86% Long-Term Outlook - Pretax Margin 14.53% Short-Term Rating Date - Return on Assets -5.47% Short-Term Rating - Return on Common Equity -7.16% Return on Capital - EBITDA/Interest Exp. 492.83 Asset Turnover 0.74% (EBITDA-Capex)/Interest Exp. -271.65 Net Debt/EBITDA 0.15 Gross Margin - Total Debt/EBITDA 0.28 EBITDA Margin 27.8% EBIT Margin 7.1% Total Debt/Equity 1.5% Net Income Margin 10.2% Total Debt/Capital 1.4% Asset Turnover 0.74 Current Ratio 3.39 Net Fixed Asset Turnover 1.33 Quick Ratio 0.96 Accounts receivable turnover-days 9.82 Debt to Assets 1.21% Inventory Days - Tot Debt to Common Equity 1.47% Accounts Payable Turnover Day - Accounts Receivable Turnover 37.26 Cash Conversion Cycle - Inventory Turnover - Fiscal Year Ended Saracen Mineral Holdings Ltd Price/Volume Valuation Analysis 6'924'324.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 30.0 M 35.0 M 40.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 191.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 42'407'248 7.12 6'250'328 15.05.2013 Investment Advisor RENAISSANCE SMALL CO n/a EXCH 37'893'341 6.37 7'527'707 27.03.2013 Other VINVA INVESTMENT MGM n/a EXCH 30'177'676 5.07 662'238 18.03.2013 Investment Advisor COMMONWEALTH BANK OF n/a EXCH 29'318'248 4.93 (1'361'474) 08.03.2012 Bank SPROTT INC n/a EXCH 28'800'451 4.84 (841'000) 27.01.2012 Hedge Fund Manager ARVE CHARLES n/a EXCH 28'685'450 4.82 (320'000) 19.07.2011 n/a JCP INVESTMENT PARTN n/a EXCH 26'084'770 4.38 (5'314'150) 09.02.2012 Investment Advisor BANK OF AMERICA CORP n/a EXCH 22'796'021 3.83 (2'168'808) 04.05.2011 Investment Advisor STALTARI GUIDO n/a Co File 14'407'252 2.42 - 31.08.2012 n/a CF RUFFER BAKER STEE n/a EXCH 14'000'000 2.35 (4'949'162) 26.05.2011 n/a JP MORGAN n/a ULT-AGG 12'874'879 2.16 (751'999) 31.12.2012 Investment Advisor GAMCO n/a ULT-AGG 6'500'000 1.09 4'500'000 31.12.2012 Unclassified UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 5'000'000 0.84 - 30.06.2012 Investment Advisor FMR LLC n/a ULT-AGG 4'816'787 0.81 1'824'299 31.03.2013 Investment Advisor GENUS DYNAMIC GOLD F n/a EXCH 4'100'000 0.69 (1'739'000) 26.05.2011 n/a NORGES BANK Multiple Portfolios MF-AGG 3'699'947 0.62 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 3'550'915 0.6 6'847 31.01.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'896'045 0.49 (43'038) 31.03.2013 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'671'902 0.45 (20'201) 30.09.2012 Investment Advisor BLACKROCK n/a ULT-AGG 1'632'614 0.27 - 14.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Canaccord Genuity Corp REG SPENCER speculative buy 4 M 0 12 month 13.05.2013 Ord Minnett DAVID BRENNAN buy 5 M 0 Not Provided 19.04.2013 Argonaut Securities Pty Ltd TROY IRVIN buy 5 M 0 Not Provided 19.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 16.04.2013 RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012 Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 27.09.2012 Holdings By: Saracen Mineral Holdings Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 192.
    16.05.2013 Exeter Resource Corporationexplores for, evaluates, and develops mineral deposits in South America. The Company's focus is on gold exploration in Argentina and Chile. Latest Fiscal Year: 12/2011 LTM as of: 12/yy 52-Week High (06.06.2012) 2.41 52-Week Low (15.05.2013) 0.73 Daily Volume 0.735 52-Week High % Change -69.49% Dividend Yield 0.00 52-Week Low % Change 0.68% Beta 0.76 % 52 Week Price Range High/Low 0.30% Equity Float 82.20 Shares Out 30.04.2013 88.4 Short Int 0.58 64.98 1 Yr Total Return -57.27% Total Debt 0.00 YTD Return -39.26% Preferred Stock 0.0 Adjusted BETA 0.764 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 55.52 Consensus Rating 2.750 Enterprise Value 9.46 Average Volume 5 Day 127'680 XRA US EQUITY YTD Change - Average Volume 30 Day 172'186 XRA US EQUITY YTD % CHANGE - Average Volume 3 Month 203'101 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (27.4) (27.6) (29.9) (31.8) (26.0) (31.8) (25.9) (11.7) (11.5) - - - - - - - 0.00x 0.00x - - - - (27.0) (27.3) 83.8 (30.9) (25.2) (31.0) (25.2) (11.7) (11.5) - - - - - - - 0.00x 0.00x - - - - EBITDA -25.97 Long-Term Rating Date - EBIT -26.09 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -39.05% Short-Term Rating - Return on Common Equity -39.92% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 60.65 Net Fixed Asset Turnover 0.00 Quick Ratio 60.55 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day - Accounts Receivable Turnover 0.00 Cash Conversion Cycle - Inventory Turnover - Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Exeter Resource Corp Price/Volume Valuation Analysis 240'337.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 1.6 M 1.8 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 193.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 6'743'839 7.63 885'959 15.05.2013 Investment Advisor GEOLOGIC RESOURCE PA GEOLOGIC RESOURCE PA 13F 3'050'700 3.45 - 31.03.2013 Hedge Fund Manager TSP CAPITAL MANAGEME TSP CAPITAL MANAGEME 13F 2'964'000 3.35 551'000 31.03.2013 Investment Advisor ROWEN COMPANY LTD n/a SEDI 2'600'000 2.94 100'000 09.02.2012 Corporation SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 2'445'758 2.77 - 31.03.2013 Hedge Fund Manager POLYGON MANAGEMENT L POLYGON MANAGEMENT L 13F 2'062'713 2.33 - 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 1'712'875 1.94 1'712'875 31.03.2013 Investment Advisor SIMPSON YALE R n/a SEDI 1'709'350 1.93 13'600 26.12.2012 n/a SPROTT INC SPROTT INC 13F 1'643'300 1.86 (1'684'900) 31.03.2013 Hedge Fund Manager LIBRA ADVISORS LLC LIBRA ADVISORS LLC 13F 1'412'888 1.6 (134'100) 31.03.2013 Hedge Fund Manager ROXBURGH BRYCE G n/a SEDI 1'409'450 1.59 - 02.05.2011 n/a RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 920'100 1.04 112'400 31.03.2013 Hedge Fund Manager WELLS FARGO n/a ULT-AGG 785'000 0.89 - 31.03.2013 Investment Advisor LOEWS CORPORATION LOEWS CORPORATION 13F 642'545 0.73 - 31.03.2013 Corporation TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 637'517 0.72 242'315 31.03.2013 Investment Advisor UNIVERSAL INS HOLDIN n/a ULT-AGG 537'725 0.61 329'447 31.12.2012 Insurance Company ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 530'200 0.6 530'200 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 500'000 0.57 - 31.12.2012 Investment Advisor OPPENHEIMER & CO INC OPPENHEIMER & CO INC 13F 412'450 0.47 9'589 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 272'300 0.31 (100) 31.03.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date TD Securities DANIEL EARLE speculative buy 4 M 1 12 month 23.04.2013 Salman Partners DAVID WEST speculative buy 4 M 8 Not Provided 17.04.2013 BMO Capital Markets JOHN P HAYES Speculative Underperform 2 D #N/A N/A Not Provided 14.04.2013 Mine2Capital Inc ALKA SINGH sell 1 M 1 Not Provided 04.02.2013 Holdings By: Exeter Resource Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 194.
    16.05.2013 Richmont Mines, Inc.is a Canadian gold mining company. The Company owns and operates the Francoeur, Beaufor and East Amphi mines located in Quebec, the Nugget Pond and Hammerdown mines in Newfoundland, and the Island Gold Mine in Ontario. Latest Fiscal Year: 12/2008 LTM as of: 03/yy 52-Week High (06.06.2012) 6.77 52-Week Low (15.05.2013) 1.75 Daily Volume 1.78 52-Week High % Change -73.71% Dividend Yield 0.00 52-Week Low % Change 1.71% Beta 1.19 % 52 Week Price Range High/Low 0.60% Equity Float 33.24 Shares Out 30.04.2013 39.6 Short Int 0.64 70.48 1 Yr Total Return -65.64% Total Debt 1.63 YTD Return -40.86% Preferred Stock 0.0 Adjusted BETA 1.192 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 59.84 Consensus Rating 4.333 Enterprise Value 30.02 Average Volume 5 Day 109'629 RIC US EQUITY YTD Change - Average Volume 30 Day 123'693 RIC US EQUITY YTD % CHANGE - Average Volume 3 Month 135'462 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 70.6 71.9 90.5 118.6 101.7 119.9 100.0 105.0 134.0 - - 0.43x 1.15x 1.31x 2.51x 0.59x 8.05x 3.62x - - - - 9.8 6.9 19.7 40.5 8.2 35.4 2.9 - - - - 3.07x 11.99x 5.99x 7.36x 7.34x 5.64x 23.60x - - - - 1.6 0.3 9.3 25.9 (45.0) 19.2 (49.3) 2.0 17.0 - - 29.71x - 16.48x 14.78x - 13.36x 0.00x 40.28x 5.03x - - EBITDA 8.18 Long-Term Rating Date - EBIT -2.59 Long-Term Rating - Operating Margin -2.54% Long-Term Outlook - Pretax Margin -2.56% Short-Term Rating Date - Return on Assets -29.97% Short-Term Rating - Return on Common Equity -38.71% Return on Capital - EBITDA/Interest Exp. 12.48 Asset Turnover 0.61% (EBITDA-Capex)/Interest Exp. -45.23 Net Debt/EBITDA -14.42 Gross Margin 27.5% Total Debt/EBITDA 0.69 EBITDA Margin 2.9% EBIT Margin -7.9% Total Debt/Equity 1.4% Net Income Margin -44.2% Total Debt/Capital 1.4% Asset Turnover 0.61 Current Ratio 3.63 Net Fixed Asset Turnover 1.23 Quick Ratio 3.04 Accounts receivable turnover-days 12.33 Debt to Assets 1.10% Inventory Days 37.17 Tot Debt to Common Equity 1.38% Accounts Payable Turnover Day 70.32 Accounts Receivable Turnover 29.61 Cash Conversion Cycle -23.79 Inventory Turnover 9.82 Fiscal Year Ended Richmont Mines Inc Price/Volume Valuation Analysis 189'349.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .2 M .4 M .6 M .8 M 1.0 M 1.2 M 1.4 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 195.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type OXBRIDGE BANK & TRUS n/a PROXY 5'016'363 12.67 - 28.03.2013 Investment Advisor RESOLUTE FUNDS LTD n/a 13G 3'617'600 9.14 487'600 28.01.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 3'048'064 7.7 402'996 15.05.2013 Investment Advisor CAISSE DE DEPOT ET P CAISSE DE DEPOT ET P 13F 2'730'000 6.89 - 31.03.2013 Investment Advisor RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 1'999'000 5.05 (61'300) 31.03.2013 Hedge Fund Manager CHAMANDY H GREGORY n/a SEDI 995'509 2.51 14 11.01.2012 n/a FIERA CAPITAL CORPOR FIERA CAPITAL CORPOR 13F 710'095 1.79 420'295 31.03.2013 Investment Advisor PARADIGM CAPITAL MAN PARADIGM CAPITAL MAN 13F 675'305 1.71 2'325 31.03.2013 Investment Advisor SPROTT INC SPROTT INC 13F 549'500 1.39 (96'000) 31.03.2013 Hedge Fund Manager TECHNICAL FINANCIAL TFS CAPITAL LLC 13F 463'880 1.17 145'038 31.03.2013 Investment Advisor CITIGROUP INCORPORAT CITIGROUP INCORPORAT 13F 416'816 1.05 415'383 31.03.2013 Investment Advisor US GLOBAL INVESTORS US GLOBAL INVESTORS 13F 310'000 0.78 50'000 31.03.2013 Investment Advisor WEISS ASSET MANAGEME WEISS ASSET MANAGEME 13F 302'900 0.76 (1'697'100) 31.03.2013 Hedge Fund Manager FMR LLC n/a ULT-AGG 230'900 0.58 85'600 31.03.2013 Investment Advisor CANADA PENSION PLAN CANADA PENSION PLAN 13F 188'200 0.48 3'000 31.03.2013 Pension Fund (ERISA) HOULE REJEAN n/a SEDI 76'500 0.19 - 09.03.2012 n/a CARMEL PAUL R n/a SEDI 63'000 0.16 10'000 11.03.2013 n/a ROYCE AND ASSOCIATES ROYCE & ASSOCIATES L 13F 60'900 0.15 (862'865) 31.03.2013 Investment Advisor GOLDMAN SACHS ASSET Multiple Portfolios MF-AGG 57'200 0.14 (57'200) 30.11.2012 Investment Advisor POWER CORP OF CANADA n/a ULT-AGG 55'750 0.14 - 31.03.2013 Holding Company Firm Name Analyst Recommendation Weighting Change Target Price Date Date Desjardins Securities ADAM MELNYK buy 5 M 3 12 month 10.05.2013 CIBC World Markets KEVIN CHIEW sector perform 3 M 4 Not Provided 09.05.2013 Casimir Capital ERIC ALLISON overweight 5 M 5 12 month 04.12.2012 Holdings By: Richmont Mines Inc All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 196.
    16.05.2013 Ramelius Resources Limitedis a gold exploration and production company with exploration activities focused in Western Australia. The Company also explores for base metals. Latest Fiscal Year: 06/2012 LTM as of: 01/yy 52-Week High (06.06.2012) 0.66 52-Week Low (30.04.2013) 0.20 Daily Volume 0.205 52-Week High % Change -68.70% Dividend Yield 0.00 52-Week Low % Change 2.50% Beta 0.96 % 52 Week Price Range High/Low 2.20% Equity Float 307.09 Shares Out 08.05.2013 337.7 Short Int 5.69 69.24 1 Yr Total Return -57.29% Total Debt 4.24 YTD Return -53.41% Preferred Stock 0.0 Adjusted BETA 0.959 Minority Interest 0.0 Analyst Recs 3 Cash and Equivalents 48.76 Consensus Rating 3.667 Enterprise Value 29.93 Average Volume 5 Day 1'026'590 RMS AU EQUITY YTD Change - Average Volume 30 Day 1'388'081 RMS AU EQUITY YTD % CHANGE - Average Volume 3 Month 1'929'367 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - - 14.9 19.9 61.3 148.1 84.3 - - 128.0 167.0 - - 6.95x - 0.81x 1.95x 1.40x - - 0.36x 0.03x - - 2.2 11.8 38.0 108.6 12.8 - - 25.2 54.4 - - 46.27x - 1.30x 2.66x 9.27x - - 1.19x 0.55x - - 0.6 5.0 20.2 62.4 2.3 - - 2.8 28.1 - - 191.25x 19.23x 5.93x 5.98x 66.44x - - 25.63x 2.41x - - EBITDA 12.78 Long-Term Rating Date - EBIT 1.64 Long-Term Rating - Operating Margin 1.94% Long-Term Outlook - Pretax Margin 5.19% Short-Term Rating Date - Return on Assets -6.80% Short-Term Rating - Return on Common Equity -9.34% Return on Capital - EBITDA/Interest Exp. 6.84 Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. -31.59 Net Debt/EBITDA - Gross Margin 32.6% Total Debt/EBITDA -0.36 EBITDA Margin -9.1% EBIT Margin -19.7% Total Debt/Equity 2.1% Net Income Margin 2.8% Total Debt/Capital 2.0% Asset Turnover 0.40 Current Ratio 3.17 Net Fixed Asset Turnover 0.71 Quick Ratio 1.53 Accounts receivable turnover-days 20.11 Debt to Assets 1.49% Inventory Days 61.01 Tot Debt to Common Equity 2.09% Accounts Payable Turnover Day 65.93 Accounts Receivable Turnover 18.20 Cash Conversion Cycle 130.79 Inventory Turnover 6.00 Fiscal Year Ended Ramelius Resources Ltd Price/Volume Valuation Analysis 1'355'166.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 1 1 1 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 10.00 20.00 30.00 40.00 50.00 60.00 03.07.2009 03.01.2010 03.07.2010 03.01.2011 03.07.2011 03.01.2012 03.07.2012 03.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 197.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SPROTT INC n/a EXCH 23'947'605 7.09 (5'818'592) 06.02.2013 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 23'646'913 7 - 15.05.2013 Investment Advisor PARADICE INVESTMENT n/a EXCH 15'269'179 4.52 (3'686'804) 16.04.2013 Investment Advisor BEACH ENERGY LTD n/a EXCH 14'053'269 4.16 (6'046'734) 21.06.2011 Corporation MANDURANG PTY LTD n/a EXCH 6'442'856 1.91 - 27.02.2013 Other NELSON REGINALD GEOR n/a Co File 5'331'984 1.58 - 27.08.2012 n/a NORGES BANK Multiple Portfolios MF-AGG 3'114'406 0.92 - 31.12.2012 Government DIMENSIONAL FUND ADV n/a ULT-AGG 2'789'435 0.83 - 31.01.2013 Investment Advisor MACQUARIE GROUP n/a ULT-AGG 2'510'025 0.74 (197'128) 31.08.2011 Investment Advisor HOULDSWORTH JOSEPH F n/a EXCH 2'374'259 0.7 - 26.05.2011 n/a SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'125'196 0.63 256'211 31.03.2013 Investment Advisor VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'787'654 0.53 1'526 30.09.2012 Investment Advisor KENNEDY ROBERT MICHA n/a EXCH 1'557'144 0.46 90'000 27.02.2013 n/a FMR LLC n/a ULT-AGG 980'000 0.29 - 31.03.2013 Investment Advisor GORDON IAN JAMES n/a EXCH 796'021 0.24 (303'000) 01.05.2013 n/a PRUDENTIAL FINANCIAL n/a ULT-AGG 608'253 0.18 - 28.03.2013 Investment Advisor MERRICKS CAPITAL SPE n/a EXCH 279'000 0.08 - 28.07.2010 Other VANGUARD GROUP INC Multiple Portfolios MF-AGG 180'600 0.05 (1'500'049) 31.12.2012 Investment Advisor BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 156'786 0.05 - 31.01.2013 Investment Advisor BLACKROCK n/a ULT-AGG 121'715 0.04 - 14.05.2013 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 0 12 month 22.04.2013 Ord Minnett DAVID BRENNAN buy 5 M 0 Not Provided 17.04.2013 EVA Dimensions TEAM COVERAGE underweight 1 D #N/A N/A Not Provided 05.09.2012 Casimir Capital ERIC ALLISON overweight 5 M 1 12 month 06.05.2012 Holdings By: Ramelius Resources Ltd All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 198.
    16.05.2013 Golden Minerals Companyis a mining company with a focus on exploration, development, providing mining services, and growth through strategic business transactions. The Company manages the San Cristobal silver and zinc mine in Bolivia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (13.09.2012) 7.22 52-Week Low (17.04.2013) 1.46 Daily Volume 1.5 52-Week High % Change -79.22% Dividend Yield 0.00 52-Week Low % Change 2.74% Beta 1.65 % 52 Week Price Range High/Low 0.69% Equity Float 33.77 Shares Out 08.05.2013 43.3 Short Int 5.14 64.90 1 Yr Total Return -62.96% Total Debt 0.00 YTD Return -67.32% Preferred Stock 0.0 Adjusted BETA 1.650 Minority Interest 0.0 Analyst Recs 4 Cash and Equivalents 44.65 Consensus Rating 2.750 Enterprise Value 28.69 Average Volume 5 Day 273'158 AUMN US EQUITY YTD Change - Average Volume 30 Day 328'438 AUMN US EQUITY YTD % CHANGE - Average Volume 3 Month 349'054 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 419.5 12.4 11.2 1.8 26.1 8.2 25.5 32.5 52.1 5.8 7.5 - 1.87x 25.16x 86.44x 5.90x 98.33x 18.02x - - - - 25.0 (14.2) (32.0) (63.8) (34.7) (58.8) (23.9) (21.5) (7.9) (6.2) (5.9) - - - - - 0.00x 0.00x - - - - (118.2) 211.3 (33.3) (62.7) (92.0) (56.9) (88.2) (22.7) (22.1) (6.2) (6.0) - 1.31x - - - 0.00x 0.00x - - - - EBITDA -34.71 Long-Term Rating Date - EBIT -44.73 Long-Term Rating - Operating Margin -171.46% Long-Term Outlook - Pretax Margin -383.50% Short-Term Rating Date - Return on Assets -24.18% Short-Term Rating - Return on Common Equity -29.54% Return on Capital - EBITDA/Interest Exp. - Asset Turnover 0.07% (EBITDA-Capex)/Interest Exp. - Net Debt/EBITDA - Gross Margin -66.3% Total Debt/EBITDA 0.00 EBITDA Margin -133.1% EBIT Margin -171.5% Total Debt/Equity 0.0% Net Income Margin -352.8% Total Debt/Capital 0.0% Asset Turnover 0.07 Current Ratio 4.12 Net Fixed Asset Turnover 0.09 Quick Ratio 3.45 Accounts receivable turnover-days 18.30 Debt to Assets 0.00% Inventory Days 36.70 Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 63.13 Accounts Receivable Turnover 20.00 Cash Conversion Cycle -8.14 Inventory Turnover 9.97 Fiscal Year Ended Golden Minerals Co Price/Volume Valuation Analysis 262'701.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 1 2 3 4 5 6 7 8 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 4.5 M 5.0 M 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 199.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SENTIENT GLB RES IV n/a Form 4 4'483'944 10.36 1'365'794 19.09.2012 Other SENTIENT GLB FND III n/a 13D 3'582'746 8.28 - 19.09.2012 n/a VAN ECK ASSOCIATES C n/a ULT-AGG 2'834'620 6.55 442'156 15.05.2013 Investment Advisor GILDER GAGNON HOWE GILDER GAGNON HOWE 13F 1'640'517 3.79 (67'203) 31.03.2013 Investment Advisor BLACKROCK n/a ULT-AGG 1'477'047 3.41 62'733 14.05.2013 Investment Advisor VANGUARD GROUP INC VANGUARD GROUP INC 13F 1'065'344 2.46 (449'632) 31.03.2013 Investment Advisor SENTRY SELECT CAPITA Multiple Portfolios MF-AGG 706'350 1.63 - 30.06.2012 Investment Advisor CLEVENGER JEFFREY G n/a Form 4 540'756 1.25 285'700 14.12.2012 n/a SPROTT INC SPROTT INC 13F 513'400 1.19 (48'900) 31.03.2013 Hedge Fund Manager STATE STREET n/a ULT-AGG 494'651 1.14 (200) 31.03.2013 Investment Advisor NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 457'054 1.06 (8'854) 31.03.2013 Investment Advisor GLOBAL X MANAGEMENT GLOBAL X MANAGEMENT 13F 441'479 1.02 (7'270) 31.03.2013 Investment Advisor DIMENSIONAL FUND ADV n/a ULT-AGG 357'876 0.83 50'235 31.03.2013 Investment Advisor SGRF III PARALLEL I n/a 13D 357'044 0.83 - 19.09.2012 Other SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 254'630 0.59 (156'257) 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 223'748 0.52 (127'252) 28.09.2012 Investment Advisor BPI FUNDOS GFIM SA/P Multiple Portfolios MF-AGG 202'002 0.47 (3'325) 28.02.2013 Investment Advisor GEODE CAPITAL MANAGE GEODE CAPITAL MANAGE 13F 179'519 0.41 2'169 31.03.2013 Investment Advisor TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 169'397 0.39 10'600 31.03.2013 Investment Advisor SUN VALLEY GOLD LLC SUN VALLEY GOLD LLC 13F 162'000 0.37 - 31.03.2013 Hedge Fund Manager Firm Name Analyst Recommendation Weighting Change Target Price Date Date EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 14.05.2013 Cowen Securities LLC ADAM P GRAF buy 5 M 7 Not Provided 13.05.2013 Stonegate Securities Inc MARCO RODRIGUEZ no rating system #N/A N/A M #N/A N/A Not Provided 10.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL hold 3 M 4 12 month 07.05.2013 TD Securities DANIEL EARLE reduce 2 M 1 12 month 23.04.2013 Holdings By: Golden Minerals Co All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 200.
    16.05.2013 San Gold Corporationexplores and develops mineral properties. The Company is focusing on the development of its gold mine located in Manitoba, Canada. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (06.06.2012) 1.61 52-Week Low (15.05.2013) 0.13 Daily Volume 0.135 52-Week High % Change -91.61% Dividend Yield 0.00 52-Week Low % Change 3.85% Beta 1.38 % 52 Week Price Range High/Low 0.34% Equity Float 323.26 Shares Out 30.04.2013 335.2 Short Int 0.11 45.26 1 Yr Total Return -88.46% Total Debt 3.12 YTD Return -82.47% Preferred Stock 0.0 Adjusted BETA 1.383 Minority Interest 0.0 Analyst Recs 7 Cash and Equivalents 11.58 Consensus Rating 2.429 Enterprise Value 36.80 Average Volume 5 Day 3'470'421 SGR CN EQUITY YTD Change - Average Volume 30 Day 1'875'312 SGR CN EQUITY YTD % CHANGE - Average Volume 3 Month 2'250'330 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 8.7 27.8 58.0 114.1 142.1 129.8 131.0 131.0 168.0 - - 31.33x 34.61x 19.66x 5.05x 1.76x 20.38x 6.67x - - - - (44.1) (29.7) (18.9) 12.5 35.9 21.6 27.6 27.2 37.6 - - - - - 46.18x 6.96x 20.29x 0.00x 1.36x 0.98x - - (33.4) (29.5) (24.6) (5.1) (13.2) (0.4) (22.2) (12.3) 2.5 - - - - - - - 0.00x 0.00x - - - - EBITDA 35.89 Long-Term Rating Date - EBIT -12.41 Long-Term Rating - Operating Margin -8.73% Long-Term Outlook - Pretax Margin -12.29% Short-Term Rating Date - Return on Assets -5.23% Short-Term Rating - Return on Common Equity -5.91% Return on Capital - EBITDA/Interest Exp. 91.77 Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. -106.87 Net Debt/EBITDA -0.24 Gross Margin 14.5% Total Debt/EBITDA 0.09 EBITDA Margin 25.2% EBIT Margin -16.2% Total Debt/Equity 1.3% Net Income Margin -9.3% Total Debt/Capital 1.3% Asset Turnover 0.56 Current Ratio 1.46 Net Fixed Asset Turnover 0.72 Quick Ratio 0.86 Accounts receivable turnover-days 32.64 Debt to Assets 1.17% Inventory Days 43.94 Tot Debt to Common Equity 1.34% Accounts Payable Turnover Day 34.65 Accounts Receivable Turnover 11.21 Cash Conversion Cycle 41.93 Inventory Turnover 8.33 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended San Gold Corp Price/Volume Valuation Analysis 3'774'848.00 Current Price (5/dd/yy) Market Data 0 0 0 1 1 1 1 1 2 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 5.0 M 10.0 M 15.0 M 20.0 M 25.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 100.00 200.00 300.00 400.00 500.00 600.00 01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 201.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type VAN ECK ASSOCIATES C n/a ULT-AGG 26'050'272 7.77 - 15.05.2013 Investment Advisor GCIC LTD/CANADA n/a Co File 24'950'000 7.44 (16'675'000) 30.04.2013 Investment Advisor UNITED SERVICES AUTO Multiple Portfolios MF-AGG 13'600'000 4.06 - 28.02.2013 Investment Advisor JOHN HANCOCK ADVISER Multiple Portfolios MF-AGG 13'296'317 3.97 1'137'742 31.03.2013 Investment Advisor SPROTT INC Multiple Portfolios MF-AGG 9'190'700 2.74 20'500 31.12.2012 Hedge Fund Manager IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 9'041'600 2.7 - 31.01.2013 Investment Advisor MANULIFE ASSET MANAG Multiple Portfolios MF-AGG 8'581'053 2.56 2'724'250 28.02.2013 Investment Advisor WYNNE HUGH n/a SEDI 8'234'002 2.46 74'000 18.04.2013 n/a FRANKLIN RESOURCES n/a ULT-AGG 8'001'200 2.39 45'000 28.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 3'188'303 0.95 - 28.09.2012 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'875'000 0.56 (193'600) 31.12.2012 Investment Advisor FMR LLC n/a ULT-AGG 1'866'900 0.56 (140'000) 31.03.2013 Investment Advisor LB SWISS INVESTMENT Multiple Portfolios MF-AGG 1'600'000 0.48 - 27.03.2013 Investment Advisor SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 1'600'000 0.48 (300'000) 28.02.2013 Investment Advisor VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'378'186 0.41 - 31.03.2013 Investment Advisor BHR FUND ADVISORS LP Multiple Portfolios MF-AGG 1'375'000 0.41 (25'000) 28.02.2013 Investment Advisor GINN DALE n/a SEDI 1'356'140 0.4 20'000 16.04.2013 n/a SHARE SICAV Multiple Portfolios MF-AGG 1'306'600 0.39 176'300 31.12.2012 Investment Advisor FORUM INVESTMENT ADV Multiple Portfolios MF-AGG 1'214'755 0.36 796'340 31.12.2012 Investment Advisor HUBERT BENJAMIN ARTH n/a SEDI 1'181'200 0.35 (50'000) 03.05.2011 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date CIBC World Markets COSMOS CHIU sector underperform 1 M 0 Not Provided 13.05.2013 Mackie Research Capital Corp. BARRY D ALLAN buy 5 M 0 12 month 13.05.2013 Cowen Securities LLC ADAM P GRAF hold 3 M #N/A N/A Not Provided 13.05.2013 Stonecap Securities Inc CHRISTOS DOULIS underperform 1 M 0 12 month 13.05.2013 BMO Capital Markets BRIAN QUAST underperform 1 M 0 Not Provided 10.05.2013 TD Securities DANIEL EARLE hold 3 M 0 12 month 23.04.2013 National Bank Financial PAOLO LOSTRITTO Under Review #N/A N/A M #N/A N/A Not Provided 17.04.2013 EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 13.02.2013 Raymond James FORBES GEMMELL Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013 Holdings By: San Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 202.
    16.05.2013 Orezone Gold Corporationis a gold exploration and development company. The Company is focused on the discovery and development of gold deposits in West Africa. Orezone Gold's current focus is projects in Burkina Faso. Latest Fiscal Year: 12/2012 LTM as of: 12/yy 52-Week High (20.09.2012) 2.47 52-Week Low (15.05.2013) 0.63 Daily Volume 0.67 52-Week High % Change -72.87% Dividend Yield 0.00 52-Week Low % Change 6.35% Beta 1.16 % 52 Week Price Range High/Low 2.17% Equity Float 80.61 Shares Out 30.04.2013 85.7 Short Int 0.35 57.41 1 Yr Total Return -56.21% Total Debt 0.00 YTD Return -60.59% Preferred Stock 0.0 Adjusted BETA 1.160 Minority Interest 0.0 Analyst Recs 11 Cash and Equivalents 16.83 Consensus Rating 4.273 Enterprise Value 39.54 Average Volume 5 Day 253'343 ORE CN EQUITY YTD Change - Average Volume 30 Day 470'541 ORE CN EQUITY YTD % CHANGE - Average Volume 3 Month 312'001 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 12/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - - - - - - - - #DIV/0! #DIV/0! - - - - (3.2) (2.0) (8.4) (31.6) (28.5) (31.6) (28.5) (15.4) 7.2 - - - - - - - 0.00x 0.00x - 5.46x - - (12.8) (1.8) (8.9) (30.3) (4.8) (30.3) (4.8) (15.1) (10.2) - - - - - - - 0.00x 0.00x - - - - EBITDA -28.53 Long-Term Rating Date - EBIT -29.71 Long-Term Rating - Operating Margin - Long-Term Outlook - Pretax Margin - Short-Term Rating Date - Return on Assets -13.42% Short-Term Rating - Return on Common Equity -14.02% Return on Capital - EBITDA/Interest Exp. -1875.44 Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -1968.91 Net Debt/EBITDA - Gross Margin - Total Debt/EBITDA 0.00 EBITDA Margin - EBIT Margin - Total Debt/Equity 0.0% Net Income Margin - Total Debt/Capital 0.0% Asset Turnover 0.00 Current Ratio 9.69 Net Fixed Asset Turnover - Quick Ratio 8.98 Accounts receivable turnover-days - Debt to Assets 0.00% Inventory Days - Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 4771.61 Accounts Receivable Turnover - Cash Conversion Cycle - Inventory Turnover 0.00 Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Fiscal Year Ended Orezone Gold Corp Price/Volume Valuation Analysis 323'889.00 Current Price (5/dd/yy) Market Data 0 1 1 2 2 3 3 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M .5 M 1.0 M 1.5 M 2.0 M 2.5 M 3.0 M 3.5 M 4.0 M 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00 0.20 0.40 0.60 0.80 1.00 1.20 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 203.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type SUN VALLEY GOLD LLC n/a SEDI 12'024'600 14.03 3'654'500 13.07.2012 Hedge Fund Manager VAN ECK ASSOCIATES C n/a ULT-AGG 11'225'518 13.1 - 15.05.2013 Investment Advisor PASSPORT CAPITAL LLC n/a Co File 7'183'500 8.38 (1'894'100) 31.12.2011 Hedge Fund Manager JP MORGAN n/a ULT-AGG 6'459'738 7.54 - 31.12.2012 Investment Advisor TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 3'425'087 4 31'400 31.03.2013 Hedge Fund Manager FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 3'307'970 3.86 - 30.09.2012 Hedge Fund Manager BEUTEL GOODMAN & COM Multiple Portfolios MF-AGG 2'117'000 2.47 - 31.03.2013 Investment Advisor GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 1'926'187 2.25 (18) 28.09.2012 Investment Advisor LITTLE RONALD n/a PROXY 1'840'639 2.15 - 22.04.2013 n/a HALVORSON MICHAEL n/a SEDI 1'431'798 1.67 50'000 10.05.2012 n/a FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 1'121'600 1.31 - 30.11.2012 Investment Advisor LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 993'762 1.16 - 31.03.2013 Investment Advisor AGF INVESTMENTS INC Multiple Portfolios MF-AGG 987'425 1.15 (12'600) 28.09.2012 Investment Advisor IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 899'800 1.05 - 31.01.2013 Investment Advisor QUANTEX AG Multiple Portfolios MF-AGG 890'000 1.04 (20'000) 29.03.2013 Investment Advisor FALCON FUND MANAGEME Multiple Portfolios MF-AGG 739'625 0.86 - 28.02.2013 Investment Advisor MARQUIS PASCAL n/a SEDI 658'519 0.77 27'270 17.02.2012 n/a FMR LLC n/a ULT-AGG 372'100 0.43 - 31.03.2013 Investment Advisor SMITH & WILLIAMSON H n/a ULT-AGG 360'319 0.42 - 28.03.2013 Investment Advisor GCIC LTD/CANADA Multiple Portfolios MF-AGG 302'000 0.35 302'000 31.12.2012 Investment Advisor Firm Name Analyst Recommendation Weighting Change Target Price Date Date National Bank Financial PAOLO LOSTRITTO outperform 5 M 3 12 month 10.05.2013 SBG Securities MICHAEL STARKE speculative buy 4 N 1 12 month 10.05.2013 Canaccord Genuity Corp NICHOLAS CAMPBELL speculative buy 4 M 2 12 month 07.05.2013 Jennings Capital DAN HRUSHEWSKY speculative buy 4 N 3 12 month 06.05.2013 Casimir Capital STUART MCDOUGALL speculative buy 4 M 3 12 month 01.05.2013 CIBC World Markets JEFF KILLEEN sector outperform 5 M 3 Not Provided 30.04.2013 BMO Capital Markets ANDREW BREICHMANAS market perform 3 M 2 Not Provided 29.04.2013 Raymond James BRAD HUMPHREY outperform 5 M 2 12 month 24.04.2013 RBC Capital Markets JONATHAN GUY sector perform 3 M 2 12 month 19.04.2013 Desjardins Securities ADAM MELNYK buy 5 M 4 12 month 28.03.2013 GMP ANDREW MIKITCHOOK buy 5 M 3 12 month 28.03.2013 Holdings By: Orezone Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 204.
    16.05.2013 Gran Colombia GoldCorp. is a mineral exploration and production company. The Company is focused on gold and silver exploration and development in Colombia. Gran Colombia has underground gold and silver mining operations in Colombia. Latest Fiscal Year: 12/2012 LTM as of: 03/yy 52-Week High (21.09.2012) 0.43 52-Week Low (15.04.2013) 0.15 Daily Volume 0.17 52-Week High % Change -60.47% Dividend Yield 0.00 52-Week Low % Change 13.33% Beta 1.47 % 52 Week Price Range High/Low 7.14% Equity Float 310.99 Shares Out 30.04.2013 382.0 Short Int 0.08 64.94 1 Yr Total Return -56.41% Total Debt 188.45 YTD Return -52.78% Preferred Stock 0.0 Adjusted BETA 1.475 Minority Interest 1.0 Analyst Recs 2 Cash and Equivalents 1.30 Consensus Rating 4.000 Enterprise Value 251.92 Average Volume 5 Day 471'676 GCM CN EQUITY YTD Change - Average Volume 30 Day 945'424 GCM CN EQUITY YTD % CHANGE - Average Volume 3 Month 828'226 LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2 31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3 0.0 0.0 0.0 137.7 168.2 159.6 163.2 174.0 211.0 - - - - - 1.81x 1.94x 6.59x 4.63x 2.02x 2.44x - - (0.2) (0.2) (0.2) 1.5 14.8 9.6 7.2 10.0 48.0 - - - - - 164.64x 22.07x 23.36x 0.00x 25.19x 5.25x - - (0.3) (0.3) (0.1) (37.0) (36.2) (21.8) (23.9) (22.0) 11.0 - - - - - - - 0.00x 0.00x - 5.56x - - EBITDA 14.79 Long-Term Rating Date - EBIT -2.07 Long-Term Rating - Operating Margin -1.23% Long-Term Outlook - Pretax Margin -23.28% Short-Term Rating Date - Return on Assets -5.19% Short-Term Rating - Return on Common Equity -8.38% Return on Capital - EBITDA/Interest Exp. 1.68 Asset Turnover 0.24% (EBITDA-Capex)/Interest Exp. -4.04 Net Debt/EBITDA 12.67 Gross Margin 10.8% Total Debt/EBITDA 12.75 EBITDA Margin 8.8% EBIT Margin -1.2% Total Debt/Equity 44.3% Net Income Margin -21.5% Total Debt/Capital 30.7% Asset Turnover 0.24 Current Ratio 1.39 Net Fixed Asset Turnover 0.30 Quick Ratio 0.28 Accounts receivable turnover-days 40.95 Debt to Assets 24.61% Inventory Days 47.00 Tot Debt to Common Equity 44.33% Accounts Payable Turnover Day 121.85 Accounts Receivable Turnover 8.94 Cash Conversion Cycle -33.90 Inventory Turnover 7.79 Fiscal Year Ended Gran Colombia Gold Corp Price/Volume Valuation Analysis 536'494.00 Current Price (5/dd/yy) Market Data Net Income P/E Market Capitalization Average Daily Trading Volume Relative Stock Price Performance Total Revenue TEV/Revenue EBITDA TEV/EBITDA Profitability S&P Issuer Ratings Credit Ratios Margin Analysis Reference Structure 0 0 0 0 0 0 0 0 0 0 m-12 j-12 j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 .0 M 1.0 M 2.0 M 3.0 M 4.0 M 5.0 M 6.0 M 7.0 M 8.0 M 9.0 M 10.0 M 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 01.05.2009 01.11.2009 01.05.2010 01.11.2010 01.05.2011 01.11.2011 01.05.2012 01.11.2012 01.05.2013 Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  • 205.
    16.05.2013 Holder Name PortfolioName Source Amt Held % Out Latest Chg File Dt Inst Type US GLOBAL INVESTORS n/a PROXY 47'135'169 12.34 - 17.04.2012 Investment Advisor CAPITAL GROUP COMPAN n/a ULT-AGG 30'175'000 7.9 - 31.03.2013 Investment Advisor VAN ECK ASSOCIATES C n/a ULT-AGG 24'200'701 6.34 - 15.05.2013 Investment Advisor FRANKLIN RESOURCES n/a ULT-AGG 12'500'000 3.27 (826'700) 28.03.2013 Investment Advisor ICE ROSE HOLDINGS n/a SEDI 8'150'000 2.13 99'000 25.09.2012 Holding Company IACONO SERAFINO n/a SEDI 4'700'416 1.23 165'000 27.09.2012 n/a LA CAMPA MIGUEL DE n/a SEDI 3'803'773 1 133'000 20.02.2013 n/a FMR LLC n/a ULT-AGG 1'765'000 0.46 - 31.03.2013 Investment Advisor TARIBO HOLDINGS n/a SEDI 1'284'500 0.34 23'500 28.01.2013 Holding Company LOPEZ AUGUSTO n/a SEDI 1'090'250 0.29 586'500 12.09.2012 n/a TOSCA ASSETS CORP n/a SEDI 1'000'000 0.26 - 30.08.2012 Other ORINOQUIA BELT CA n/a SEDI 665'621 0.17 130'000 23.08.2012 Other DAVIES MICHAEL MONIE n/a SEDI 591'873 0.15 20'000 21.08.2012 n/a HOLLENCREST SECURITI HOLLENCREST SECURITI 13F 466'500 0.12 - 31.03.2013 Investment Advisor TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 439'086 0.11 - 31.12.2012 Investment Advisor TORINO CONSULTANTS n/a SEDI 400'000 0.1 - 15.11.2010 Other MARTINEZ TO HERNAN J n/a Co File 360'000 0.09 - 26.03.2013 n/a VOLK PETER n/a SEDI 334'500 0.09 - 30.08.2012 n/a PACHECO MARIO n/a Co File 325'000 0.09 - 26.03.2013 n/a EAST DONALD n/a SEDI 258'000 0.07 60'000 06.02.2012 n/a Firm Name Analyst Recommendation Weighting Change Target Price Date Date GMP GEORGE V ALBINO speculative buy 4 M 1 12 month 15.05.2013 Interbolsa SA GABRIEL BAYONA speculative buy 4 M 2 Not Provided 23.10.2012 Holdings By: Gran Colombia Gold Corp All Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |