Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Merafe Resources's shares outstanding for the quarter that ended in Dec. 2025 was 2,499.1 Mil.
Merafe Resources's quarterly shares outstanding
stayed the same
from Jun. 2025 (2,499.1 Mil) to Dec. 2025 (2,499.1 Mil).
Merafe Resources's annual shares outstanding
stayed the same
from Dec. 2024 (2,499.1 Mil) to Dec. 2025 (2,499.1 Mil).
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.
Merafe Resources Shares Outstanding (EOP) Related Terms
Merafe Resources Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Merafe 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.
For the Other Industrial Metals & Mining subindustry, Merafe 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.
Merafe Resources Shares Outstanding (EOP) vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Merafe Resources's Shares Outstanding (EOP) falls into.
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.
What does a Shares Outstanding (EOP) of 2,499.1 Mil mean?
Merafe Resources (MERFF) has a Shares Outstanding (EOP) of 2,499.1 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Merafe Resources and its competitors.
Is Merafe Resources' Shares Outstanding (EOP) too high?
Merafe Resources' current Shares Outstanding (EOP) is 2,499.1 Mil. Overall, Merafe Resources has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Shares Outstanding (EOP) compare to competitors?
Merafe Resources' Shares Outstanding (EOP) of 2,499.1 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Metals & Mining company?
A good Shares Outstanding (EOP) depends on the Metals & Mining industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Merafe Resources and its competitors. Merafe Resources's current Shares Outstanding (EOP) is 2,499.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Shares Outstanding (EOP) of 2,499.1 Mil. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Shares Outstanding (EOP) is 2,499.1 Mil. Merafe Resources' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Merafe Resources (MERFF), the current Shares Outstanding (EOP) is 2,499.1 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merafe Resources (MERFF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.
Key valuation signals for MERFF:
Shares Outstanding (EOP): 2,499.1 Mil
GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
No single metric tells the full story. See the MERFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
64GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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