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Rincon Resources (ASX:RCR) Shares Outstanding (EOP) : 177.66 Mil (As of Dec. 2023)


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What is Rincon Resources Shares Outstanding (EOP)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Rincon Resources's shares outstanding for the quarter that ended in Dec. 2023 was 177.66 Mil.

Rincon Resources's quarterly shares outstanding increased from Jun. 2023 (67.73 Mil) to Dec. 2023 (177.66 Mil). It means Rincon Resources issued new shares from Jun. 2023 to Dec. 2023 .

Rincon Resources's annual shares outstanding increased from Jun. 2022 (51.34 Mil) to Jun. 2023 (67.73 Mil). It means Rincon Resources issued new shares from Jun. 2022 to Jun. 2023 .


Rincon Resources Shares Outstanding (EOP) Historical Data

The historical data trend for Rincon Resources's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rincon Resources Shares Outstanding (EOP) Chart

Rincon Resources Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Shares Outstanding (EOP)
51.34 51.34 51.34 67.73

Rincon Resources Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Shares Outstanding (EOP) Get a 7-Day Free Trial 51.34 51.34 66.34 67.73 177.66

Competitive Comparison of Rincon Resources's Shares Outstanding (EOP)

For the Other Precious Metals & Mining subindustry, Rincon Resources's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rincon Resources's Shares Outstanding (EOP) Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rincon Resources's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Rincon Resources's Shares Outstanding (EOP) falls into.



Rincon Resources Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


Rincon Resources  (ASX:RCR) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Rincon Resources Shares Outstanding (EOP) Related Terms

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Rincon Resources (ASX:RCR) Business Description

Traded in Other Exchanges
N/A
Address
295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008
Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.

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