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Boart Longyear Group Ltd. (BLY) Report Analysis

Corporate Events

Negative

Boart Longyear Group Ltd. Announces Company Sec...

2022-04-18 22:21:00

Boart Longyear Group Ltd. announced the appointment of Mr. Nicholas R. Nash, Global Corporate Counsel, Securities, Governance and Compliance, ...

Neutral

Boart Longyear Group Ltd. - Shareholder/Analyst Call

2022-04-18 18:00:00

2022 Annual General and Special Meeting

Neutral

Boart Longyear Group Ltd., Annual General Meeti...

2022-04-01 16:23:00

Boart Longyear Group Ltd., Annual General Meeting, May 25, 2022, at 09:00 E. Australia Standard Time. Agenda: To receive and consider the audi...

Negative

Boart Longyear Group Ltd. Appoints Giovanna Bee...

2022-02-08 21:23:00

Boart Longyear Group Ltd. announced the appointment of Mrs. Giovanna Bee Moscoso as Chief Legal Officer effective 28 February 2022. Since 2019...

Negative

Boart Longyear Group Ltd. Announces Board Changes

2021-11-16 02:34:00

Boart Longyear Group Ltd. announced changes to the board of directors effective 16 November 2021. The nomination of new directors by the compa...

Negative

Boart Longyear Group Ltd. Announces Executive Changes

2021-11-04 22:18:00

Boart Longyear Group Ltd. announced the following change to the executive management team effective 5 November 2021. Ms Nora Pincus, Chief Leg...

Negative

Boart Longyear Group's ADRs to Be Deleted from ...

2021-10-26 00:00:00

Boart Longyear Group Ltd.'s American Depositary Receipts - Unsponsored will be deleted from other OTC effective from October 27, 2021 due to A...

Negative

Boart Longyear Ordinary Shares to Be Deleted fr...

2021-10-14 00:00:00

Boart Longyear Limited Sydney NSW Ordinary Shares will be deleted from Other OTC effective from October 15, 2021, due to CUSIP Suspended.

Neutral

Bradda Head Lithium Limited Announces Engagemen...

2021-10-04 06:00:00

Bradda Head Lithium Ltd. announced, as part of its fast-track development programme at its Arizonan sedimentary lithium assets, that it has en...

Neutral

Bam Bam Resources Corp. Signs with Boart Longye...

2021-09-29 18:35:00

Bam Bam Resources Corp. announced that a contract has been signed with Boart Longyear to drill at the Majuba Hill Porphyry Copper Project in P...

Negative

Boart Longyear Limited has completed a Follow-o...

2021-09-24 00:00:00

Boart Longyear Limited has completed a Follow-on Equity Offering in the amount of AUD 2.177859 million. Security Name: Ordinary Shares Sec...

Negative

Boart Longyear Limited has filed a Follow-on Eq...

2021-09-23 00:00:00

Boart Longyear Limited has filed a Follow-on Equity Offering. Security Name: Chess Depositary Interests Security Type: Depositary Receipt ...

Neutral

Northstar Engages Boart Longyear for Miller Gol...

2021-09-13 20:17:00

Northstar Gold Corp. announced the company has engaged Boart Longyear Canada to conduct a 2,400 metre Phase IIB diamond drill program on the c...

Positive

Boart Longyear Limited Announces Entry into Ter...

2021-09-09 00:04:00

Boart Longyear Limited as previously announced, Boart Longyear is pursuing a comprehensive recapitalisation (the ‘Recapitalisation’). As part ...

Neutral

Boart Longyear Limited, H1 2021 Earnings Call, ...

2021-08-01 22:59:00

Boart Longyear Limited, H1 2021 Earnings Call, Aug 26, 2021

Neutral

Boart Longyear Limited, Special/Extraordinary S...

2021-07-29 05:52:00

Boart Longyear Limited, Special/Extraordinary Shareholders Meeting, Sep 08, 2021, at 10:01 E. Australia Standard Time. Location: Ashurst, Leve...

Neutral

Boart Longyear Limited - Shareholder/Analyst Call

2021-07-29 05:52:00

EGM

Negative

Boart Longyear Limited has filed a Follow-on Eq...

2021-07-29 00:00:00

Boart Longyear Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Security Name: Ordinary Shares Security Typ...

Positive

Boart Longyear Limited, 1 : 20, Stock Split or ...

2021-07-29 00:00:00

Boart Longyear Limited, 1 : 20, Stock Split or Significant Stock Dividend, Sep-20-2021

Neutral

South Australian Chamber of Mines and Energy., ...

2021-07-08 00:00:00

South Australian Chamber of Mines and Energy., Copper to the World Conference 2021, Aug 31, 2021. Venue: Adelaide Convention Centre, Adelaide,...

Neutral

Boart Longyear Limited Presents at Copper to th...

2021-07-07 19:31:00

Boart Longyear Limited Presents at Copper to the World Conference 2021, Aug-31-2021 . Venue: Adelaide Convention Centre, Adelaide, Australia.

Negative

Boart Longyear Group Ltd. Announces Company Secretary Changes

2022-04-18 22:21:00

Boart Longyear Group Ltd. announced the appointment of Mr. Nicholas R. Nash, Global Corporate Counsel, Securities, Governance and Compliance, as Company Secretary effective 15 April 2022. Mr. Nash replaces Mr. Alex Nikolic, who was serving as Interim Company Secretary. Mr. Nash joined Boart Longyear in 2021 and has a legal background in mergers and acquisitions, corporate transactional work, corporate governance, capital markets and securities, and regulatory compliance.

Neutral

Boart Longyear Group Ltd. - Shareholder/Analyst Call

2022-04-18 18:00:00

2022 Annual General and Special Meeting

Neutral

Boart Longyear Group Ltd., Annual General Meeting, May 25, 2022

2022-04-01 16:23:00

Boart Longyear Group Ltd., Annual General Meeting, May 25, 2022, at 09:00 E. Australia Standard Time. Agenda: To receive and consider the audited consolidated Financial Statements and Independent Auditor's Report of the Company for the fiscal year ended 31 December 2021; to re-elect the directors;to re-appoint Deloitte Touche Tohmatsu as the independent auditor of the Company, to hold office until the next annual general and special meeting of Shareholders and to authorize the Directors to set the auditor's remuneration;and to consider other matters.

Negative

Boart Longyear Group Ltd. Appoints Giovanna Bee Moscoso as Chief Legal Officer, Effective 28 February 2022

2022-02-08 21:23:00

Boart Longyear Group Ltd. announced the appointment of Mrs. Giovanna Bee Moscoso as Chief Legal Officer effective 28 February 2022. Since 2019, Giovanna has been a legal consultant to the mining industry where she focused onpermitting, compliance, due diligence, and land management. Giovanna is currently Chairwoman of the Board of Calipuy Resources Inc. and IndependentDirector and Chair of the Governance, Social and Environmental Committee of the Board ofPalladium One Mining Inc.

Negative

Boart Longyear Group Ltd. Announces Board Changes

2021-11-16 02:34:00

Boart Longyear Group Ltd. announced changes to the board of directors effective 16 November 2021. The nomination of new directors by the company's new equity holders was contemplated as part of the recently completed re-capitalization wherein new equity holders were granted nomination rights for directors and the Chair. Chair Kevin McArthur has stepped down and current director Rubin McDougal has been appointed Chair. Additionally, directors Jason Ireland, James Kern, and Robert Smith have stepped down. The Board has accepted the nominations of Lars Engström, Paul McDonnell, Thomas Schulz, and Bao Truong as directors. Mr. Lars Engström has more than 30 years of senior management experience at leading Swedish mining and industrial companies. He is currently the Chairman of the Board of Botnia Exploration Holding AB and Örebro Hockey Club as well as a board member of Samhall AB, Normet Group Oy, and Alcadon Group. Mr. Paul McDonnell has over 25 years of experience in the construction equipment rental industry. He spent more than 20 years with United Rentals in several senior management sales and operational roles, and most recently served as Executive Vice President and Chief Commercial Officer. Mr. Bao Truong is a financial executive and Senior Managing Director at Centerbridge Partners, L.P., Boart Longyear's largest shareholder and investor. He joined Centerbridge in 2010 and focuses on investments across a range of industries.

Negative

Boart Longyear Group Ltd. Announces Executive Changes

2021-11-04 22:18:00

Boart Longyear Group Ltd. announced the following change to the executive management team effective 5 November 2021. Ms Nora Pincus, Chief Legal Officer, General Counsel and Corporate Secretary has decided to pursue interests outside of Boart Longyear. Ms Nora Pincus joined the company in August 2020 and played a key role in the project that saw a substantial recapitalisation of the company. In the interim the Company Secretarial role will be fulfilled by: Alex Nikolic, Partner, Fasken Martineau DuMoulin LLP.

Negative

Boart Longyear Group's ADRs to Be Deleted from Other OTC

2021-10-26 00:00:00

Boart Longyear Group Ltd.'s American Depositary Receipts - Unsponsored will be deleted from other OTC effective from October 27, 2021 due to ADR /GDR Program Terminated.

Negative

Boart Longyear Ordinary Shares to Be Deleted from Other OTC

2021-10-14 00:00:00

Boart Longyear Limited Sydney NSW Ordinary Shares will be deleted from Other OTC effective from October 15, 2021, due to CUSIP Suspended.

Neutral

Bradda Head Lithium Limited Announces Engagement of Wikieup Drilling Contractor

2021-10-04 06:00:00

Bradda Head Lithium Ltd. announced, as part of its fast-track development programme at its Arizonan sedimentary lithium assets, that it has engaged drilling contractor Boart Longyear for a sonic drilling programme at the Company's Wikieup Project, starting in early fourth quarter. Bradda Head has engaged world-renowned drilling contractor Boart Longyear to carry out a sonic drilling programme at the Company's Wikieup clay project in Western Arizona, which is adjacent to Hawkstone's Big Sandy resource of 32.5Mt at 1,850ppm Li. Boart Longyear has extensive experience using sonic rigs and drilling in clay and in the United States. Sonic rigs are more environmentally sensitive compared to diamond rigs because they use less water, produce less waste and have superior recovery compared to core drilling, or RC.

Neutral

Bam Bam Resources Corp. Signs with Boart Longyear to Drill at the Majuba Hill Porphyry Copper Project in Pershing County Nevada

2021-09-29 18:35:00

Bam Bam Resources Corp. announced that a contract has been signed with Boart Longyear to drill at the Majuba Hill Porphyry Copper Project in Pershing County Nevada. Drill plans call for 2468 to3353 meters (8000 to 11,000 feet) in 11-15 reverse-circulation holes. The drilling is focused on expanding copper mineralization identified in previous drilling. Bam Bam field personnel and contractors will continue to use operational health and safety protocols consistent with ensuring the health and safety of company people and the local community. The Company has implemented a QA/QC program using best industry practices at the Majuba Hill Project. The samples are transported directly to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver, B.C. Soil and rock chip samples are transported by the company directly to Elko or Reno, Nevada. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS method Au-AA23 which is a fire assay with an AAS finish on a 30 gram split. Copper, silver and the remaining 31 elements are determined by ALS method ME-ICP61 which is a four acid digestion and ICP-AES assay. Approximately 5% of the submitted samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps. The sample rejects and remaining pulps will be retrieved from ALS.

Negative

Boart Longyear Limited has completed a Follow-on Equity Offering in the amount of AUD 2.177859 million.

2021-09-24 00:00:00

Boart Longyear Limited has completed a Follow-on Equity Offering in the amount of AUD 2.177859 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 878,169 Price\Range: AUD 2.48

Negative

Boart Longyear Limited has filed a Follow-on Equity Offering.

2021-09-23 00:00:00

Boart Longyear Limited has filed a Follow-on Equity Offering. Security Name: Chess Depositary Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 295,916,747 Transaction Features: Subsequent Direct Listing

Neutral

Northstar Engages Boart Longyear for Miller Gold Drill Program

2021-09-13 20:17:00

Northstar Gold Corp. announced the company has engaged Boart Longyear Canada to conduct a 2,400 metre Phase IIB diamond drill program on the company's 100% owned Miller Gold Property, situated 18 km southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine. Drilling is scheduled to commence in late September, with a focus on step outs from the Phase IIA Allied Gold Zone high-grade gold-telluride intercepts (117 metres of 6.6 g/t Au in drill hole MG20-56) and No. 1 Vein historic resource estimate confirmatory and step-out holes on the recently acquired and adjacent Searles Property. Drilling to date along the Allied Deformation Zone (or ADZ) has defined a broad alkaline intrusive related gold system measuring >1.8 km in strike and 600 m wide, with numerous near-surface 1 gram+ gold intercepts measuring 100 metres or more in drill core in the vicinity of the Allied Syenite.

Positive

Boart Longyear Limited Announces Entry into Term Loan Credit Facility and Extension to Existing ABL Facility

2021-09-09 00:04:00

Boart Longyear Limited as previously announced, Boart Longyear is pursuing a comprehensive recapitalisation (the ‘Recapitalisation’). As part the Recapitalisation process the Company is pleased to announce: On 8 September 2021, the Company and certain of its subsidiaries including, BLY US Holdings Inc. as borrower, entered into a five-year, USD 115 million term loan credit facility with HPS Investment Partners, LLC, Blue Torch Capital LP and other financial institutions identified in the agreement. the proceeds of which will be used in connection with the Recapitalisation, including to fully refinance: Incremental, short-term USD 50 million credit facility with Corre Partners Management, First Pacific Advisors, Nut Tree Capital Management, and certain other financial institutions affiliated therewith: and Existing backstop ABL/Term Loan credit facility with Centerbridge and others. Drawdown under the term loan credit facility is subject to satisfaction of certain conditions precedent, including successful completion of the Company's proposed recapitalisation under the Creditors' Schemes (the ‘Conditions’). Amendment and Extension to ABL Facility On the same date, the Company and certain of its subsidiaries also entered into further amendments to the existing ABL facility with PNC Bank, National Association ("PNC") reflective of the entry into the term loan credit facility and the Recapitalisation. As previously announced, the Company has also secured a four-year extension to the term of the existing ABL facility with PNC to 12 May 2025 to be effective upon the satisfaction of the Conditions.

Neutral

Boart Longyear Limited, H1 2021 Earnings Call, Aug 26, 2021

2021-08-01 22:59:00

Boart Longyear Limited, H1 2021 Earnings Call, Aug 26, 2021

Neutral

Boart Longyear Limited, Special/Extraordinary Shareholders Meeting, Sep 08, 2021

2021-07-29 05:52:00

Boart Longyear Limited, Special/Extraordinary Shareholders Meeting, Sep 08, 2021, at 10:01 E. Australia Standard Time. Location: Ashurst, Level 11, 5 Martin Place Sydney Australia Agenda: To consider the Re-capitalization and Re-domiciliation Update.

Neutral

Boart Longyear Limited - Shareholder/Analyst Call

2021-07-29 05:52:00

EGM

Negative

Boart Longyear Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.

2021-07-29 00:00:00

Boart Longyear Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,008,065 Price\Range: AUD 2.48

Positive

Boart Longyear Limited, 1 : 20, Stock Split or Significant Stock Dividend, Sep-20-2021

2021-07-29 00:00:00

Boart Longyear Limited, 1 : 20, Stock Split or Significant Stock Dividend, Sep-20-2021

Neutral

South Australian Chamber of Mines and Energy., Copper to the World Conference 2021, Aug 31, 2021

2021-07-08 00:00:00

South Australian Chamber of Mines and Energy., Copper to the World Conference 2021, Aug 31, 2021. Venue: Adelaide Convention Centre, Adelaide, Australia. This key annual conference provides access to new insights and updates from leading voices in the Australian and global copper industry and markets. It attracts participants from across the sector - from miners and refiners, to global investors, traders and original equipment manufacturers (OEMs).

Neutral

Boart Longyear Limited Presents at Copper to the World Conference 2021, Aug-31-2021

2021-07-07 19:31:00

Boart Longyear Limited Presents at Copper to the World Conference 2021, Aug-31-2021 . Venue: Adelaide Convention Centre, Adelaide, Australia.

Fundamental Summary

Boart Longyear's financial results from Q4 demonstrated decent performance, but will likely only help Boart Longyear remain on par with its peers. It is highly likely that it will be mostly tethered to market performance and sector movements for the near term. As such, Boart Longyear received an overall score of 69 and a HOLD recommendation.

Boart Longyear Limited announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was USD 447.063 million compared to USD 309.224 million a year ago. Operating income was USD 27.908 million compared to operating loss of USD 6.506 million a year ago. Net loss was USD 37.785 million compared to USD 61.099 million a year ago. Basic loss per share from continuing operations was USD 0.427 compared to USD 0.696 a year ago.

Business Description

Boart Longyear Group Ltd provides drilling services, drilling equipment, and performance tooling for mining and mineral drilling companies in North America, Latin America, the Asia Pacific, Europe, and Africa. The company operates through two segments, Global Drilling Services and Global Products. It offers diamond coring exploration, reverse circulation, large diameter rotary, mine dewatering, water supply, pump services, production, and sonic drilling services. The company also manufactures, markets, and services drill rigs, drill string products, rugged performance tooling, durable drilling consumables, and parts. In addition, it utilizes scanning technology and down-hole instrumentation tools to capture detailed geological data from drilled core and chip samples. Boart Longyear Group Ltd was founded in 1890 and is headquartered in West Valley City, Utah.

Sector Overview

Boart Longyear is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Boart Longyear's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 708.6 3.8% 79
Liabilities 438.1 -62.9% 85
Price to Book 2.0 4979.3% 87
Cash & Equivalents 25.1 -23.1% 60
Equity 270.5 154.0% 39
EBITDA 114.2 35.1% 58
Total Revenues 921.4 15.9% 93
Parameter Value Change Score
Return on Equity 57.7 265.5% 67
Net Cashflow 2.1 435.2% 62
Capital Expenditure -46.0 -53.5% 81
Asset Turnover 1.4 12.8% 63
Free Cashflow -0.7 -299.7% 74

* All values are TTM

The below chart reflects Boart Longyear's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Boart Longyear's peer average final assessment score stands on 71.0, Boart Longyear's score is 69.

  •  BLY
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Boart Longyear's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Boart Longyear's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 2.2
52W Low 2.2
52W High 8.6
5D MA 2.25
50D MA 2.43
200D MA 3.23
MACD -0.06
RSI 2.0
STOCH 0.0

Balance Sheet Analysis

Boart Longyear appears likely to maintain its strong balance sheet metrics and momentum going forward. Boart Longyear's price to book ratio (P/B) was reported as 2.0 and represents 4979.3% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. Consequently, their book value factors movement received a grade of 87. Also, In terms of liabilities, Boart Longyear published good numbers. Their reported liabilities were 438.1, representing a -62.9% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 85. That said, one metric, Equity, stood out as strongly negative. Boart Longyear management produced disappointing equity metrics this period, which stood at 270.5, representing a 154.0% change. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly less impressive than its peers and competitors. Consequently, their equity movement received a grade of 39. Therefore, we scored its balance sheet a 60.

Parameter Value Change Score
Assets 708.6 3.8% 79
Liabilities 438.1 -62.9% 85
Price to Book 2.0 4979.3% 87
Cash & Equivalents 25.1 -23.1% 60
Equity 270.5 154.0% 39
* All values are TTM

The below chart describes Boart Longyear's performance as reflected on its balance sheet with respect to its peers. While Boart Longyear received a balance sheet score of 60, the average of its peers stands on 68.0.

  •  BLY
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Overall, Boart Longyear's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. Boart Longyear reported highly encouraging numbers for its revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 93. Also, Boart Longyear's reported return on equity (ROE) ratio was 57.7, representing a change of 265.5%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 67. That said, one metric, EBITDA, stood out as strongly negative. Boart Longyear's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 114.2, which represents a 35.1% change from the last period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. Boart Longyear appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 58. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 74.

Parameter Value Change Score
EBITDA 114.2 35.1% 58
Total Revenues 921.4 15.9% 93
Return on Equity 57.7 265.5% 67
* All values are TTM

The below chart describes Boart Longyear's performance as reflected on its income statement with respect to its peers. While Boart Longyear received a income statement score of 74 , the average of its peers stands on 74.0.

  •  BLY
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Boart Longyear appears likely to maintain its strong cash flow metrics and momentum going forward. Boart Longyear's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -46.0, which represents a -53.5% change from the last period. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its CapEx movement component earned a score of 81. Also, Boart Longyear did a great job related to free cash flow this period, which stood at -0.7, representing a -299.7% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Therefore, its free cash flow movement earned a score of 74. On the other hand, Net Cash Flow, jumped out as looking rather underwhelming. Boart Longyear's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as 2.1, which is a 435.2% change from the last report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Boart Longyear's stock price going forward. Hence, their net cash flow earned a score of 62. Therefore, the company's cash flow earned a grade of 68.

Parameter Value Change Score
Net Cashflow 2.1 435.2% 62
Capital Expenditure -46.0 -53.5% 81
Asset Turnover 1.4 12.8% 63
Free Cashflow -0.7 -299.7% 74
* All values are TTM

The below chart describes Boart Longyear's performance as reflected on its cash flow with respect to its peers. While Boart Longyear received a cash flow score of 68, the average of its peers stands on 69.0.

  •  BLY
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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