View ValuationThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsArgonaut Gold 将来の成長Future 基準チェック /36Argonaut Goldは、111.8%と7.4%でそれぞれ年率111.8%で利益と収益が成長すると予測される一方、EPSはgrowで111.6%年率。主要情報111.8%収益成長率111.62%EPS成長率Metals and Mining 収益成長18.6%収益成長率7.4%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日26 Jun 2024今後の成長に関する最新情報Major Estimate Revision • Mar 29Consensus EPS estimates increase by 100%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$474.2m to US$488.5m. EPS estimate increased from US$0.0025 to US$0.005 per share. Net income forecast to shrink 147% next year vs 17% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$0.66 to CA$0.49. Share price rose 28% to CA$0.39 over the past week.お知らせ • Feb 29Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2024Argonaut Gold Inc. provided Consolidated production guidance for the year 2024. Consolidated gold production for 2024, including the Mexican operations, is expected to be in the range of 225,000 and 250,000 gold equivalent ounces ("GEOs"), an increase of 13% to 25% over 2023 production.お知らせ • Nov 17Argonaut Gold Inc. Provides Production Guidance for the Year 2023Argonaut Gold Inc. provided production guidance for the year 2023. The Magino mine achieved commercial production on November 1, 2023, however due to a slower than planned commissioning and ramp up to commercial production and lower than planned gold grades processed, gold production is expected to be below the published production guidance. GEO production for the Company's United States and Mexican operations are expected to total between 160,000 ounces and 165,000 ounces, approximately 5% to 10% above the higher end of the production guidance range. As a result of the slower than planned ramp up and lower gold grades processed at the Magino mine, the cost of sales per ounce, cash cost per ounce and AISC per ounce are expected to be higher than guidance targets set at the beginning of the year. The Company remains on track to achieve the low end of consolidated production guidance for 2023.お知らせ • Aug 12Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2023Argonaut Gold Inc. provided consolidated production guidance for the year 2023. For the year, the company expected production guidance remains unchanged at 200,000 GEOs to 230,000 GEOs.お知らせ • Nov 04Argonaut Gold Inc. Re-Affirms Production Guidance for the Year 2022Argonaut Gold Inc. re-affirmed production guidance for the year 2022. For the year 2022, the company expects GEO production of 200,000 to 230,000.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$405.9m to US$411.6m. EPS estimate fell from US$0.08 to US$0.06 per share. Net income forecast to grow 3,247% next year vs 5.6% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.32 to CA$1.27. Share price fell 12% to CA$0.51 over the past week.すべての更新を表示Recent updatesReported Earnings • May 17First quarter 2024 earnings released: US$0.31 loss per share (vs US$0.012 loss in 1Q 2023)First quarter 2024 results: US$0.31 loss per share (further deteriorated from US$0.012 loss in 1Q 2023). Revenue: US$34.7m (down 50% from 1Q 2023). Net loss: US$333.8m (loss widened US$323.4m from 1Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.お知らせ • May 16Argonaut Gold Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2024Argonaut Gold Inc. reported impairment charges for the first quarter ended March 31, 2024. For the quarter, the company reported impairment of mineral properties, plant and equipment of $287,818,000.お知らせ • Apr 13Argonaut Gold Inc., Annual General Meeting, Jun 14, 2024Argonaut Gold Inc., Annual General Meeting, Jun 14, 2024.New Risk • Apr 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).お知らせ • Apr 05Argonaut Gold Inc. announced that it has received CAD 50 million in funding from Alamos Gold Inc.On April 4, 2024, Argonaut Gold Inc. closed the transaction. The company issued 174,825,175 common shares at a issue price of CAD 0.286 per share for gross proceeds of CAD 50,000,000.Major Estimate Revision • Mar 29Consensus EPS estimates increase by 100%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$474.2m to US$488.5m. EPS estimate increased from US$0.0025 to US$0.005 per share. Net income forecast to shrink 147% next year vs 17% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$0.66 to CA$0.49. Share price rose 28% to CA$0.39 over the past week.お知らせ • Mar 28+ 1 more updateAlamos Gold Inc. (TSX:AGI) entered into a definitive agreement to acquire Argonaut Gold Inc. (TSX:AR) for approximately CAD 380 million.Alamos Gold Inc. (TSX:AGI) entered into a definitive agreement to acquire Argonaut Gold Inc. (TSX:AR) for approximately CAD 380 million on March 27, 2024. Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the “Exchange Ratio”). Alamos expects to issue approximately 20.3 million common shares as part of the Transaction, representing an equity value of approximately CAD 375 million on a fully diluted in-the-money basis. As part of the Transaction, Alamos will acquire Argonaut’s Magino mine, located adjacent to its Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada. Concurrently with the Transaction, Argonaut’s assets in the United States and Mexico will be spun out to its existing shareholders as a newly created junior gold producer (“SpinCo”). SpinCo will own the Florida Canyon mine in the United States, as well as the El Castillo Complex, the La Colorada operation, and the Cerro del Gallo project, located in Mexico. A break fee in an amount of CAD 20 million is payable to Alamos by Argonaut in certain circumstances, if the Transaction is not completed, and an expense reimbursement fee is payable by Alamos to Argonaut in certain circumstances, if the Transaction is not completed. In connection with the Transaction, Alamos has agreed to provide Argonaut with a private placement equity financing in the amount of CAD 50 million priced at an 8% discount to Argonaut’s 5-day volume-weighted average share price as of March 26, 2024. The Private Placement Transaction is expected to close in early April 2024. Upon completion of the Transaction, existing Alamos and Argonaut shareholders will own approximately 95% and 5% of the pro forma company, respectively. The proposed Transaction will be completed pursuant to a plan of arrangement completed under the Business Corporations Act (Ontario). The Transaction will require approval by 66 2/3% of the votes cast by the shareholders of Argonaut at a special meeting of Argonaut shareholders expected to be held in June 2024. The directors and members of senior management of Argonaut, as well as Argonaut’s two largest shareholders have entered into support agreements pursuant to which they agreed to vote their shares in favor of the proposed Transaction. In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature. The Agreement has been unanimously approved by the Boards of Directors of Alamos and Argonaut, and Argonaut’s board recommends that their shareholders vote in favor of the Transaction. The closing is expected in July 2024. The Board of Directors of Argonaut has received an opinion from Cormark Securities Inc. that based upon and subject to the assumptions, limitations, and qualifications stated, the consideration to be received by Argonaut shareholders pursuant to the Transaction is fair, from a financial point of view, to Argonaut shareholders. CIBC Capital Markets is acting as financial advisor to Alamos and its Board of Directors. Torys LLP is acting as Alamos' legal advisor. Scotiabank is acting as financial advisor to Argonaut and its Board of Directors. Bennett Jones LLP is acting as Argonaut’s legal advisor. HBH Strategic Advisors acted as counsel to Argonaut’s Special Committee.分析記事 • Mar 14Argonaut Gold's (TSE:AR) Profits May Not Reveal Underlying IssuesArgonaut Gold Inc. ( TSE:AR ) just released a solid earnings report, and the stock displayed some strength. However, we...New Risk • Mar 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (30% increase in shares outstanding).Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.044 (up from US$0.28 loss in FY 2022). Revenue: US$372.5m (down 4.1% from FY 2022). Net income: US$38.3m (up US$190.5m from FY 2022). Profit margin: 10% (up from net loss in FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.お知らせ • Feb 29Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2024Argonaut Gold Inc. provided Consolidated production guidance for the year 2024. Consolidated gold production for 2024, including the Mexican operations, is expected to be in the range of 225,000 and 250,000 gold equivalent ounces ("GEOs"), an increase of 13% to 25% over 2023 production.分析記事 • Feb 27Argonaut Gold Inc. (TSE:AR) Might Not Be As Mispriced As It Looks After Plunging 41%The Argonaut Gold Inc. ( TSE:AR ) share price has fared very poorly over the last month, falling by a substantial 41...お知らせ • Feb 07Argonaut Gold Inc. to Report Q4, 2023 Results on Mar 06, 2024Argonaut Gold Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 06, 2024分析記事 • Jan 08Not Many Are Piling Into Argonaut Gold Inc. (TSE:AR) Just YetWith a price-to-sales (or "P/S") ratio of 0.9x Argonaut Gold Inc. ( TSE:AR ) may be sending bullish signals at the...Recent Insider Transactions • Dec 16CEO, President & Director recently bought CA$250k worth of stockOn the 12th of December, Richard Young bought around 658k shares on-market at roughly CA$0.38 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$2.2m worth in shares.お知らせ • Dec 13Argonaut Gold Inc. has completed a Follow-on Equity Offering.Argonaut Gold Inc. has completed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 223,685,000 Price\Range: CAD 0.38 Discount Per Security: CAD 0.019 Security Name: Common Stock Security Type: Common Stock Price\Range: CAD 0.38 Discount Per Security: CAD 0.0095お知らせ • Dec 05Argonaut Gold Inc. has filed a Follow-on Equity Offering in the amount of $80.00026 million.Argonaut Gold Inc. has filed a Follow-on Equity Offering in the amount of $80.00026 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 210,527,000 Price\Range: $0.38お知らせ • Nov 17Argonaut Gold Inc. Provides Production Guidance for the Year 2023Argonaut Gold Inc. provided production guidance for the year 2023. The Magino mine achieved commercial production on November 1, 2023, however due to a slower than planned commissioning and ramp up to commercial production and lower than planned gold grades processed, gold production is expected to be below the published production guidance. GEO production for the Company's United States and Mexican operations are expected to total between 160,000 ounces and 165,000 ounces, approximately 5% to 10% above the higher end of the production guidance range. As a result of the slower than planned ramp up and lower gold grades processed at the Magino mine, the cost of sales per ounce, cash cost per ounce and AISC per ounce are expected to be higher than guidance targets set at the beginning of the year. The Company remains on track to achieve the low end of consolidated production guidance for 2023.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: US$0 (vs US$0.002 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0 (improved from US$0.002 loss in 3Q 2022). Revenue: US$104.8m (up 39% from 3Q 2022). Net loss: US$471.0k (loss narrowed 64% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 44% per year.お知らせ • Oct 13Argonaut Gold Inc. to Report Q3, 2023 Results on Nov 14, 2023Argonaut Gold Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: US$0.025 (vs US$0.055 in 2Q 2022)Second quarter 2023 results: EPS: US$0.025. Revenue: US$83.1m (down 25% from 2Q 2022). Net income: US$21.2m (up 15% from 2Q 2022). Profit margin: 26% (up from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.お知らせ • Aug 12Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2023Argonaut Gold Inc. provided consolidated production guidance for the year 2023. For the year, the company expected production guidance remains unchanged at 200,000 GEOs to 230,000 GEOs.お知らせ • Aug 11Argonaut Gold Inc. Appoints Janet Yangto as New Board MemberArgonaut Gold Inc. announced the appointment of Ms. Janet Yangto to the Board of Directors of the company, effective August 10, 2023. Ms. Yang is Research Director, Energy and Mining at GMT Capital Corp. Prior to joining GMT Capital Corp., from 2018 to 2023, Ms. Yang was Executive Vice President and Chief Financial Officer of W&T Offshore Inc. Ms. Yang has extensive experience in finance and capital raising and holds an MBA from Booth School of Business at the University of Chicago, and a BA in Economics from Rice University.Board Change • Aug 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO, President & Director Richard Young was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jul 12Argonaut Gold Inc. to Report Q2, 2023 Results on Aug 11, 2023Argonaut Gold Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023Recent Insider Transactions • Jun 25CEO, President & Director recently bought CA$789k worth of stockOn the 21st of June, Richard Young bought around 1m shares on-market at roughly CA$0.58 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$2.5m worth in shares.お知らせ • Jun 16Argonaut Gold Inc. Achieves First Gold Pour At Its Magino Mine in Northern OntarioArgonaut Gold Inc. announced that it achieved first gold pour at its Magino Mine on June 14th, 2023. Process plant ramp-up remains on schedule with commercial production expected in the third quarter of 2023. Magino is Argonaut's first Canadian operation and is located in Dubreuilville, Ontario. Magino is expected to produce between 72,000 to 81,000 ounces of gold in 2023 at cash costs of between $850 and $950 per ounce and approximately 148,000 ounces of gold at a cash cost of $868 per ounce in 2024, its first full year of production(1). Argonaut is also pursuing additional growth opportunities at Magino. The Company is scheduled to begin a 12 to 15-month exploration and reserve development program, in the third quarter, to convert open pit resources to reserves within the current resource pit cone, test deep underground high-grade targets, and test open pit targets along strike west of the current deposit. In parallel, a review of mill optimization and expansion opportunities will commence in the third quarter, to potentially raise throughput rates and increase annual production. Metrics from Magino's NI 43- 101 technical report(1) provide a static base case for analysis.お知らせ • Jun 02Argonaut Gold Inc. Provides Commissioning Update at its Magino Mine in Northern OntarioArgonaut Gold Inc. announced that wet commissioning activities at its Magino Mine are well underway, with the introduction of ore into the crushing circuit on May 13, 2023 and ore into the grinding circuit on May 19, 2023. The Company is now guiding towards a first gold pour by mid-June 2023 as it works closely with Ausenco Engineering Canada Inc., its engineering, procurement, and construction manager, to proactively and systematically progress through the anticipated challenges that are common during the commissioning phase.お知らせ • May 25Argonaut Gold Inc. announced that it has received CAD 17.500089 million in fundingOn May 24, 2023, Argonaut Gold Inc., closed the transaction.Reported Earnings • May 06First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.018 profit in 1Q 2022)First quarter 2023 results: US$0.01 loss per share (down from US$0.018 profit in 1Q 2022). Revenue: US$69.0m (down 35% from 1Q 2022). Net loss: US$10.4m (down 285% from profit in 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Mar 21CEO, President & Director recently bought CA$288k worth of stockOn the 16th of March, Richard Young bought around 565k shares on-market at roughly CA$0.51 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$1.4m worth in shares.Recent Insider Transactions • Mar 09CEO, President & Director recently bought CA$150k worth of stockOn the 3rd of March, Richard Young bought around 319k shares on-market at roughly CA$0.47 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$330k. Richard has been a buyer over the last 12 months, purchasing a net total of CA$1.1m worth in shares.Reported Earnings • Mar 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.28 loss per share (down from US$0.086 profit in FY 2021). Revenue: US$388.3m (down 11% from FY 2021). Net loss: US$152.2m (down US$178.7m from profit in FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.お知らせ • Feb 15Argonaut Gold Inc. to Report Q4, 2022 Results on Feb 23, 2023Argonaut Gold Inc. announced that they will report Q4, 2022 results After-Market on Feb 23, 2023お知らせ • Feb 02Argonaut Gold Inc. Announces Executive ChangesArgonaut Gold Inc. announced that Marc Leduc, P.Eng. has been appointed Chief Operating Officer of the Company. Mr. Leduc's career spans more than 40 years and includes all aspects of the mining cycle. He has been involved in the exploration, design, permitting, construction, commissioning, and operation of gold mines, including many complex heap leach projects. Mr. Leduc is both a professional mining engineer and a geologist. Since 2006, Marc has been in executive positions at several publicly traded companies, including Interim President and CEO of NewCastle Gold, one of the companies that comprised part of a three-way merger to form Equinox Gold. At NewCastle Gold, Marc lead the design team that redesigned the Castle Mountain heap leach project in California into a mine containing 4.2 million ounces of reserve and is expected to be a 218,000 ounce a year gold producer. Marc was also an integral part of the design, permitting, construction and start-up team at Barrick Gold's Pierina Mine in Peru, a million ounce per year heap leach operation. In addition, Marc has worked on projects throughout the Americas, including Cerro San Pedro in Mexico, and Aurizona in Brazil. Recently, Marc was COO at Kore Mining, focused on the Imperial heap leach Project, located in California. Lowe Billingsley, the Company's current Chief Operating Officer, is resigning to pursue other opportunities but will assist in the transition and stay on as an advisor to the Company through the first quarter of this year.Recent Insider Transactions • Dec 16CEO, President & Director recently bought CA$264k worth of stockOn the 13th of December, Richard Young bought around 600k shares on-market at roughly CA$0.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.お知らせ • Dec 09+ 1 more updateArgonaut Gold Inc. Appoints New President to Lead the Company to the Next Stage of GrowthArgonaut Gold Inc. announced that Larry Radford will step down as President effective immediately for personal health reasons. The Board of Directors has appointed Richard Young as President and Director of the Board of the Company. Mr. Radford will stay on at Argonaut as a member of the Board of Directors and Chief Advisor to the CEO until January 22, 2023. Richard Young brings more than 30 years of extensive experience in the gold industry. A Chartered Professional Accountant, Mr. Young joined Barrick Gold Corporation (ABX-T) in 1991 and served in a series of positions of increasing responsibility in finance, operations, corporate development, investor relations and mine development. Most recently, Mr. Young was the President and CEO of Teranga Gold Corporation which was sold to Endeavor Mining Corporation in 2021. Prior to joining Teranga in 2010, Mr. Young served as Vice President and Chief Financial Officer of Gabriel Resources Ltd. for five years. Mr. Young holds a Bachelor of Economics from the University of Western Ontario as well as a Graduate Diploma in Public Accountancy from McGill University. Mr. Young is a CPA, CA.お知らせ • Dec 07Heliostar Metals Ltd. (TSXV:HSTR) entered into a binding purchase agreement to acquire Aurea Mining Inc. from Argonaut Gold Inc. (TSX:AR).Heliostar Metals Ltd. (TSXV:HSTR) entered into a binding purchase agreement to acquire Aurea Mining Inc. from Argonaut Gold Inc. (TSX:AR) on December 5, 2022. Under the terms of the Purchase Agreement, Heliostar shall pay A cash payment to Argonaut $10 million at closing, the issuance to Argonaut of such number of common shares in the capital of Heliostar (each, a “Heliostar Share”) as have an aggregate value of $5 million divided by the volume weighted average closing price (“VWAP”) of the Heliostar Shares for the ten trading days ending on the last trading day immediately prior to the date of the Purchase Agreement; On the earlier of (a) the date of completion of a feasibility study for the Ana Paula GoldProject and (b) July 1, 2024, a cash payment to Argonaut of $2 million; On the date that Heliostar announces a construction decision for the Ana Paula Gold Project, it will pay to Argonaut an additional cash payment of $3 million and $2 million in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of the construction decision; and On the date that Heliostar commences commercial production at the Ana Paula Gold Project, it will pay to Argonaut an additional $5 million in cash and $3 million in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of commercial production. The deal is subject to to regulatory approval and customary conditions of closing in favour of the parties, including completion of a proposed financing by Heliostar and Heliostar obtaining the conditional approval of the TSXV. Closing of the proposed transaction is anticipated to occur during the first quarter of 2023.お知らせ • Nov 19Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 15 million.Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 15 million. Security Name: Flow-Through Shares Security Type: Common Stock Securities Offered: 31,250,000 Price\Range: CAD 0.48 Discount Per Security: CAD 0.024Reported Earnings • Nov 05Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.049 profit in 3Q 2021)Third quarter 2022 results: US$0.002 loss per share (down from US$0.049 profit in 3Q 2021). Revenue: US$75.3m (down 31% from 3Q 2021). Net loss: US$1.30m (down 109% from profit in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.お知らせ • Nov 04Argonaut Gold Inc. Re-Affirms Production Guidance for the Year 2022Argonaut Gold Inc. re-affirmed production guidance for the year 2022. For the year 2022, the company expects GEO production of 200,000 to 230,000.お知らせ • Oct 29Argonaut Gold Inc. announced that it has received CAD 13.638 million in funding from Franco-Nevada CorporationArgonaut Gold Inc. announced that it has issued 34,693,462 common shares at an issue price of CAD 0.3931 per share for total gross proceeds of CAD 13,637,999.9122 ($10,000,000) on October 27, 2022. The transaction included participation from Franco-Nevada Corporation.お知らせ • Oct 12Argonaut Gold Inc. to Report Q3, 2022 Results on Nov 03, 2022Argonaut Gold Inc. announced that they will report Q3, 2022 results After-Market on Nov 03, 2022お知らせ • Sep 07Argonaut Gold Inc. Reports Further High-Grade Intercepts At Magino Including 8.0m At 15.0 g/t Au and 13.0m at 7.54 g/t Au, 11.0m at 8.33 g/t Au and 13.0m at 7.44 g/t AuArgonaut Gold Inc. announced recent positive drill results from deep drilling at Magino with high-grade intercepts below. The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters, reinforcing the underground expansion potential below the planned Magino open pit. The deep drilling programme has now tested the gold mineralization along a 1.5km trend todepths great than 1km.With the Elbow and Central Zones on the eastern margins and the South Zone on the west, a large-scale mineralized system has been shown to continue significantly down dip below the planned open pit. To date the company has drilled over 130,000 metres to establish the resource continuity of the mineralized system. In the eastern area of the Magino deposit, drilling this year has focused on establishing continuity of higher-grade mineralization in the Elbow and Central Zones. Thirty (30) diamond drill holes totaling 19,300m were completed to infill drill spacing to between 40 and 50 meters. Results demonstrate good continuity of the mineralised zones and as expected an erratic nature to the higher grades. Highlights included hole MA22-132 which returned 8.33 g/t Au over a sample length of 11.0 m from the Elbow zone and 11.61 g/t Au over 3.0 m in the Central Zone. Many assays are still pending from this program, and Argonaut expects to issue a further update when received in September. Concurrently, Argonaut is conducting a model update along with preliminary scoping-level underground design and costing. Second-pass follow-up drilling is in progress to further define gold resources along the Scotland, #42, Sandy, and South Zones in the central and western regions of the deposit. Although a considerable number of assays are still pending, initial results are encouraging with several high- grade intercepts over a large area below the planned Magino pit. Highlights include 7.44 g/t Au over 13.0m in the #42 Zone including 24.4 g/t Au over 1.3m and 87.2 g/t Au over 0.65 m in hole MA22-134. The Sandy zone also returned 14.25 g/t Au over 2.0 m. In the South Zone drilling focused on extending known mineralization beneath the western extents of the open pit to vertical depths exceeding 1000m. Drilling encountered north dipping veins as expected as well as several south dipping veins. This resulted in a few intercepts where veins were drilled sub-parallel to the core axis. These intercepts have been identified in the drill tables with double asterix and the true widths are indeterminant at this time. In the north dipping veins where drilling crossed near-perpendicular, highlights include 7.50 g/t Au over 13.0m in hole MA21-104 and 14.3 g/t Au over 5.0m in wedge hole MA22-114W1A. The ongoing program has produced mineralized intervals at depth across the deposit footprint. Argonaut will continue exploratory drilling in the near-mine environment through the end of year and plans to initiate first-pass district exploration drilling during the winter season on several targets to the south and west of Magino. Although many assays are pending, Argonaut expects to release further results in the upcoming months.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$405.9m to US$411.6m. EPS estimate fell from US$0.08 to US$0.06 per share. Net income forecast to grow 3,247% next year vs 5.6% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.32 to CA$1.27. Share price fell 12% to CA$0.51 over the past week.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: US$0.055 (vs US$0.076 in 2Q 2021)Second quarter 2022 results: EPS: US$0.055 (down from US$0.076 in 2Q 2021). Revenue: US$111.4m (down 7.3% from 2Q 2021). Net income: US$18.4m (down 22% from 2Q 2021). Profit margin: 17% (down from 20% in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.お知らせ • Aug 11Argonaut Gold Inc. Revises Production Guidance for the Full Year 2022Argonaut Gold Inc. revised production guidance for the full year 2022. For the period, the company expects production to be in the range of 200,000 gold equivalent ounces to 230,000 gold equivalent ounces as previously forecasted.お知らせ • Jul 15Argonaut Gold Inc. to Report Q2, 2022 Results on Aug 10, 2022Argonaut Gold Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022Recent Insider Transactions • Jul 08Independent Chairman of the Board recently bought CA$200k worth of stockOn the 5th of July, James Kofman bought around 445k shares on-market at roughly CA$0.45 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.Major Estimate Revision • Jul 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.09 to US$0.08. Revenue forecast unchanged from US$409.5m at last update. Net income forecast to grow 843% next year vs 10% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$2.85 to CA$1.63. Share price rose 11% to CA$0.50 over the past week.お知らせ • Jul 06Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 195.3 million.Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 195.3 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 434,000,000 Price\Range: CAD 0.45 Discount Per Security: CAD 0.0225Recent Insider Transactions • May 24Insider recently sold CA$349k worth of stockOn the 17th of May, Daniel Symons sold around 288k shares on-market at roughly CA$1.21 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 32% share price decline to CA$1.27, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total loss to shareholders of 21% over the past three years.Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$437.7m to US$410.6m. EPS estimate rose from US$0.04 to US$0.09. Net income forecast to grow 860% next year vs 24% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$3.53 to CA$2.66. Share price fell 32% to CA$1.27 over the past week.Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$437.7m to US$410.6m. EPS estimate rose from US$0.04 to US$0.09. Net income forecast to grow 860% next year vs 24% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$3.53 to CA$2.66. Share price fell 32% to CA$1.27 over the past week.Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.018 (down from US$0.09 in 1Q 2021). Revenue: US$105.8m (flat on 1Q 2021). Net income: US$5.62m (down 79% from 1Q 2021). Profit margin: 5.3% (down from 26% in 1Q 2021). Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 69%. Over the next year, revenue is forecast to grow 1.4%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.業績と収益の成長予測TSX:AR - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20264982695129112/31/20255403797132112/31/202447361714213/31/2024407-290-11147N/A12/31/202337238-15745N/A9/30/2023284-159-19438N/A6/30/2023254-160-305-29N/A3/31/2023283-163-318-20N/A12/31/2022388-152-311-5N/A9/30/2022395-15-32726N/A6/30/20224292-24880N/A3/31/20224375-178109N/A12/31/202143727-119131N/A9/30/202143580-72130N/A6/30/202142180-9131N/A3/31/20213585129119N/A12/31/20203201447111N/A9/30/2020291-1105798N/A6/30/2020263-1204586N/A3/31/2020262-1071766N/A12/31/2019269-932375N/A9/30/2019248-3653N/A6/30/2019223-11-541N/A3/31/2019217-16142N/A12/31/2018196-8-432N/A9/30/201818415-1038N/A6/30/201817118-2936N/A3/31/201816424-3144N/A12/31/201715524N/A39N/A9/30/201715119N/A45N/A6/30/201715719N/A46N/A3/31/201715412N/A41N/A12/31/20161454N/A33N/A9/30/2016141-179N/A35N/A6/30/2016139-190N/A38N/A3/31/2016143-200N/A36N/A12/31/2015159-203N/A58N/A9/30/2015176-27N/A67N/A6/30/2015181-18N/A63N/A3/31/2015178-5N/A62N/A12/31/2014166-4N/A38N/A9/30/2014152-17N/A20N/A6/30/2014157-9N/A26N/A3/31/2014161-4N/A26N/A12/31/20131655N/A25N/A9/30/201318344N/A46N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ARは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.1% ) よりも高い成長率であると考えられます。収益対市場: AR今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: AR今後 3 年以内に収益を上げることが予想されます。収益対市場: ARの収益 ( 7.4% ) Canadian市場 ( 4.8% ) よりも低い成長が予測されています。高い収益成長: ARの収益 ( 7.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ARの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/07/15 23:22終値2024/07/12 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Argonaut Gold Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Richard GrayATB Cormark Historical (Cormark Securities)ANDREW KAIPBMO Capital Markets Equity ResearchThomas GalloCanaccord Genuity12 その他のアナリストを表示
Major Estimate Revision • Mar 29Consensus EPS estimates increase by 100%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$474.2m to US$488.5m. EPS estimate increased from US$0.0025 to US$0.005 per share. Net income forecast to shrink 147% next year vs 17% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$0.66 to CA$0.49. Share price rose 28% to CA$0.39 over the past week.
お知らせ • Feb 29Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2024Argonaut Gold Inc. provided Consolidated production guidance for the year 2024. Consolidated gold production for 2024, including the Mexican operations, is expected to be in the range of 225,000 and 250,000 gold equivalent ounces ("GEOs"), an increase of 13% to 25% over 2023 production.
お知らせ • Nov 17Argonaut Gold Inc. Provides Production Guidance for the Year 2023Argonaut Gold Inc. provided production guidance for the year 2023. The Magino mine achieved commercial production on November 1, 2023, however due to a slower than planned commissioning and ramp up to commercial production and lower than planned gold grades processed, gold production is expected to be below the published production guidance. GEO production for the Company's United States and Mexican operations are expected to total between 160,000 ounces and 165,000 ounces, approximately 5% to 10% above the higher end of the production guidance range. As a result of the slower than planned ramp up and lower gold grades processed at the Magino mine, the cost of sales per ounce, cash cost per ounce and AISC per ounce are expected to be higher than guidance targets set at the beginning of the year. The Company remains on track to achieve the low end of consolidated production guidance for 2023.
お知らせ • Aug 12Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2023Argonaut Gold Inc. provided consolidated production guidance for the year 2023. For the year, the company expected production guidance remains unchanged at 200,000 GEOs to 230,000 GEOs.
お知らせ • Nov 04Argonaut Gold Inc. Re-Affirms Production Guidance for the Year 2022Argonaut Gold Inc. re-affirmed production guidance for the year 2022. For the year 2022, the company expects GEO production of 200,000 to 230,000.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$405.9m to US$411.6m. EPS estimate fell from US$0.08 to US$0.06 per share. Net income forecast to grow 3,247% next year vs 5.6% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.32 to CA$1.27. Share price fell 12% to CA$0.51 over the past week.
Reported Earnings • May 17First quarter 2024 earnings released: US$0.31 loss per share (vs US$0.012 loss in 1Q 2023)First quarter 2024 results: US$0.31 loss per share (further deteriorated from US$0.012 loss in 1Q 2023). Revenue: US$34.7m (down 50% from 1Q 2023). Net loss: US$333.8m (loss widened US$323.4m from 1Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
お知らせ • May 16Argonaut Gold Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2024Argonaut Gold Inc. reported impairment charges for the first quarter ended March 31, 2024. For the quarter, the company reported impairment of mineral properties, plant and equipment of $287,818,000.
お知らせ • Apr 13Argonaut Gold Inc., Annual General Meeting, Jun 14, 2024Argonaut Gold Inc., Annual General Meeting, Jun 14, 2024.
New Risk • Apr 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).
お知らせ • Apr 05Argonaut Gold Inc. announced that it has received CAD 50 million in funding from Alamos Gold Inc.On April 4, 2024, Argonaut Gold Inc. closed the transaction. The company issued 174,825,175 common shares at a issue price of CAD 0.286 per share for gross proceeds of CAD 50,000,000.
Major Estimate Revision • Mar 29Consensus EPS estimates increase by 100%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$474.2m to US$488.5m. EPS estimate increased from US$0.0025 to US$0.005 per share. Net income forecast to shrink 147% next year vs 17% growth forecast for Metals and Mining industry in Canada . Consensus price target down from CA$0.66 to CA$0.49. Share price rose 28% to CA$0.39 over the past week.
お知らせ • Mar 28+ 1 more updateAlamos Gold Inc. (TSX:AGI) entered into a definitive agreement to acquire Argonaut Gold Inc. (TSX:AR) for approximately CAD 380 million.Alamos Gold Inc. (TSX:AGI) entered into a definitive agreement to acquire Argonaut Gold Inc. (TSX:AR) for approximately CAD 380 million on March 27, 2024. Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the “Exchange Ratio”). Alamos expects to issue approximately 20.3 million common shares as part of the Transaction, representing an equity value of approximately CAD 375 million on a fully diluted in-the-money basis. As part of the Transaction, Alamos will acquire Argonaut’s Magino mine, located adjacent to its Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada. Concurrently with the Transaction, Argonaut’s assets in the United States and Mexico will be spun out to its existing shareholders as a newly created junior gold producer (“SpinCo”). SpinCo will own the Florida Canyon mine in the United States, as well as the El Castillo Complex, the La Colorada operation, and the Cerro del Gallo project, located in Mexico. A break fee in an amount of CAD 20 million is payable to Alamos by Argonaut in certain circumstances, if the Transaction is not completed, and an expense reimbursement fee is payable by Alamos to Argonaut in certain circumstances, if the Transaction is not completed. In connection with the Transaction, Alamos has agreed to provide Argonaut with a private placement equity financing in the amount of CAD 50 million priced at an 8% discount to Argonaut’s 5-day volume-weighted average share price as of March 26, 2024. The Private Placement Transaction is expected to close in early April 2024. Upon completion of the Transaction, existing Alamos and Argonaut shareholders will own approximately 95% and 5% of the pro forma company, respectively. The proposed Transaction will be completed pursuant to a plan of arrangement completed under the Business Corporations Act (Ontario). The Transaction will require approval by 66 2/3% of the votes cast by the shareholders of Argonaut at a special meeting of Argonaut shareholders expected to be held in June 2024. The directors and members of senior management of Argonaut, as well as Argonaut’s two largest shareholders have entered into support agreements pursuant to which they agreed to vote their shares in favor of the proposed Transaction. In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature. The Agreement has been unanimously approved by the Boards of Directors of Alamos and Argonaut, and Argonaut’s board recommends that their shareholders vote in favor of the Transaction. The closing is expected in July 2024. The Board of Directors of Argonaut has received an opinion from Cormark Securities Inc. that based upon and subject to the assumptions, limitations, and qualifications stated, the consideration to be received by Argonaut shareholders pursuant to the Transaction is fair, from a financial point of view, to Argonaut shareholders. CIBC Capital Markets is acting as financial advisor to Alamos and its Board of Directors. Torys LLP is acting as Alamos' legal advisor. Scotiabank is acting as financial advisor to Argonaut and its Board of Directors. Bennett Jones LLP is acting as Argonaut’s legal advisor. HBH Strategic Advisors acted as counsel to Argonaut’s Special Committee.
分析記事 • Mar 14Argonaut Gold's (TSE:AR) Profits May Not Reveal Underlying IssuesArgonaut Gold Inc. ( TSE:AR ) just released a solid earnings report, and the stock displayed some strength. However, we...
New Risk • Mar 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (30% increase in shares outstanding).
Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.044 (up from US$0.28 loss in FY 2022). Revenue: US$372.5m (down 4.1% from FY 2022). Net income: US$38.3m (up US$190.5m from FY 2022). Profit margin: 10% (up from net loss in FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 29Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2024Argonaut Gold Inc. provided Consolidated production guidance for the year 2024. Consolidated gold production for 2024, including the Mexican operations, is expected to be in the range of 225,000 and 250,000 gold equivalent ounces ("GEOs"), an increase of 13% to 25% over 2023 production.
分析記事 • Feb 27Argonaut Gold Inc. (TSE:AR) Might Not Be As Mispriced As It Looks After Plunging 41%The Argonaut Gold Inc. ( TSE:AR ) share price has fared very poorly over the last month, falling by a substantial 41...
お知らせ • Feb 07Argonaut Gold Inc. to Report Q4, 2023 Results on Mar 06, 2024Argonaut Gold Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 06, 2024
分析記事 • Jan 08Not Many Are Piling Into Argonaut Gold Inc. (TSE:AR) Just YetWith a price-to-sales (or "P/S") ratio of 0.9x Argonaut Gold Inc. ( TSE:AR ) may be sending bullish signals at the...
Recent Insider Transactions • Dec 16CEO, President & Director recently bought CA$250k worth of stockOn the 12th of December, Richard Young bought around 658k shares on-market at roughly CA$0.38 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$2.2m worth in shares.
お知らせ • Dec 13Argonaut Gold Inc. has completed a Follow-on Equity Offering.Argonaut Gold Inc. has completed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 223,685,000 Price\Range: CAD 0.38 Discount Per Security: CAD 0.019 Security Name: Common Stock Security Type: Common Stock Price\Range: CAD 0.38 Discount Per Security: CAD 0.0095
お知らせ • Dec 05Argonaut Gold Inc. has filed a Follow-on Equity Offering in the amount of $80.00026 million.Argonaut Gold Inc. has filed a Follow-on Equity Offering in the amount of $80.00026 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 210,527,000 Price\Range: $0.38
お知らせ • Nov 17Argonaut Gold Inc. Provides Production Guidance for the Year 2023Argonaut Gold Inc. provided production guidance for the year 2023. The Magino mine achieved commercial production on November 1, 2023, however due to a slower than planned commissioning and ramp up to commercial production and lower than planned gold grades processed, gold production is expected to be below the published production guidance. GEO production for the Company's United States and Mexican operations are expected to total between 160,000 ounces and 165,000 ounces, approximately 5% to 10% above the higher end of the production guidance range. As a result of the slower than planned ramp up and lower gold grades processed at the Magino mine, the cost of sales per ounce, cash cost per ounce and AISC per ounce are expected to be higher than guidance targets set at the beginning of the year. The Company remains on track to achieve the low end of consolidated production guidance for 2023.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: US$0 (vs US$0.002 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0 (improved from US$0.002 loss in 3Q 2022). Revenue: US$104.8m (up 39% from 3Q 2022). Net loss: US$471.0k (loss narrowed 64% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 44% per year.
お知らせ • Oct 13Argonaut Gold Inc. to Report Q3, 2023 Results on Nov 14, 2023Argonaut Gold Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: US$0.025 (vs US$0.055 in 2Q 2022)Second quarter 2023 results: EPS: US$0.025. Revenue: US$83.1m (down 25% from 2Q 2022). Net income: US$21.2m (up 15% from 2Q 2022). Profit margin: 26% (up from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.
お知らせ • Aug 12Argonaut Gold Inc. Provides Consolidated Production Guidance for the Year 2023Argonaut Gold Inc. provided consolidated production guidance for the year 2023. For the year, the company expected production guidance remains unchanged at 200,000 GEOs to 230,000 GEOs.
お知らせ • Aug 11Argonaut Gold Inc. Appoints Janet Yangto as New Board MemberArgonaut Gold Inc. announced the appointment of Ms. Janet Yangto to the Board of Directors of the company, effective August 10, 2023. Ms. Yang is Research Director, Energy and Mining at GMT Capital Corp. Prior to joining GMT Capital Corp., from 2018 to 2023, Ms. Yang was Executive Vice President and Chief Financial Officer of W&T Offshore Inc. Ms. Yang has extensive experience in finance and capital raising and holds an MBA from Booth School of Business at the University of Chicago, and a BA in Economics from Rice University.
Board Change • Aug 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO, President & Director Richard Young was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 12Argonaut Gold Inc. to Report Q2, 2023 Results on Aug 11, 2023Argonaut Gold Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023
Recent Insider Transactions • Jun 25CEO, President & Director recently bought CA$789k worth of stockOn the 21st of June, Richard Young bought around 1m shares on-market at roughly CA$0.58 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$2.5m worth in shares.
お知らせ • Jun 16Argonaut Gold Inc. Achieves First Gold Pour At Its Magino Mine in Northern OntarioArgonaut Gold Inc. announced that it achieved first gold pour at its Magino Mine on June 14th, 2023. Process plant ramp-up remains on schedule with commercial production expected in the third quarter of 2023. Magino is Argonaut's first Canadian operation and is located in Dubreuilville, Ontario. Magino is expected to produce between 72,000 to 81,000 ounces of gold in 2023 at cash costs of between $850 and $950 per ounce and approximately 148,000 ounces of gold at a cash cost of $868 per ounce in 2024, its first full year of production(1). Argonaut is also pursuing additional growth opportunities at Magino. The Company is scheduled to begin a 12 to 15-month exploration and reserve development program, in the third quarter, to convert open pit resources to reserves within the current resource pit cone, test deep underground high-grade targets, and test open pit targets along strike west of the current deposit. In parallel, a review of mill optimization and expansion opportunities will commence in the third quarter, to potentially raise throughput rates and increase annual production. Metrics from Magino's NI 43- 101 technical report(1) provide a static base case for analysis.
お知らせ • Jun 02Argonaut Gold Inc. Provides Commissioning Update at its Magino Mine in Northern OntarioArgonaut Gold Inc. announced that wet commissioning activities at its Magino Mine are well underway, with the introduction of ore into the crushing circuit on May 13, 2023 and ore into the grinding circuit on May 19, 2023. The Company is now guiding towards a first gold pour by mid-June 2023 as it works closely with Ausenco Engineering Canada Inc., its engineering, procurement, and construction manager, to proactively and systematically progress through the anticipated challenges that are common during the commissioning phase.
お知らせ • May 25Argonaut Gold Inc. announced that it has received CAD 17.500089 million in fundingOn May 24, 2023, Argonaut Gold Inc., closed the transaction.
Reported Earnings • May 06First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.018 profit in 1Q 2022)First quarter 2023 results: US$0.01 loss per share (down from US$0.018 profit in 1Q 2022). Revenue: US$69.0m (down 35% from 1Q 2022). Net loss: US$10.4m (down 285% from profit in 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Mar 21CEO, President & Director recently bought CA$288k worth of stockOn the 16th of March, Richard Young bought around 565k shares on-market at roughly CA$0.51 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of CA$1.4m worth in shares.
Recent Insider Transactions • Mar 09CEO, President & Director recently bought CA$150k worth of stockOn the 3rd of March, Richard Young bought around 319k shares on-market at roughly CA$0.47 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$330k. Richard has been a buyer over the last 12 months, purchasing a net total of CA$1.1m worth in shares.
Reported Earnings • Mar 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.28 loss per share (down from US$0.086 profit in FY 2021). Revenue: US$388.3m (down 11% from FY 2021). Net loss: US$152.2m (down US$178.7m from profit in FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
お知らせ • Feb 15Argonaut Gold Inc. to Report Q4, 2022 Results on Feb 23, 2023Argonaut Gold Inc. announced that they will report Q4, 2022 results After-Market on Feb 23, 2023
お知らせ • Feb 02Argonaut Gold Inc. Announces Executive ChangesArgonaut Gold Inc. announced that Marc Leduc, P.Eng. has been appointed Chief Operating Officer of the Company. Mr. Leduc's career spans more than 40 years and includes all aspects of the mining cycle. He has been involved in the exploration, design, permitting, construction, commissioning, and operation of gold mines, including many complex heap leach projects. Mr. Leduc is both a professional mining engineer and a geologist. Since 2006, Marc has been in executive positions at several publicly traded companies, including Interim President and CEO of NewCastle Gold, one of the companies that comprised part of a three-way merger to form Equinox Gold. At NewCastle Gold, Marc lead the design team that redesigned the Castle Mountain heap leach project in California into a mine containing 4.2 million ounces of reserve and is expected to be a 218,000 ounce a year gold producer. Marc was also an integral part of the design, permitting, construction and start-up team at Barrick Gold's Pierina Mine in Peru, a million ounce per year heap leach operation. In addition, Marc has worked on projects throughout the Americas, including Cerro San Pedro in Mexico, and Aurizona in Brazil. Recently, Marc was COO at Kore Mining, focused on the Imperial heap leach Project, located in California. Lowe Billingsley, the Company's current Chief Operating Officer, is resigning to pursue other opportunities but will assist in the transition and stay on as an advisor to the Company through the first quarter of this year.
Recent Insider Transactions • Dec 16CEO, President & Director recently bought CA$264k worth of stockOn the 13th of December, Richard Young bought around 600k shares on-market at roughly CA$0.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.
お知らせ • Dec 09+ 1 more updateArgonaut Gold Inc. Appoints New President to Lead the Company to the Next Stage of GrowthArgonaut Gold Inc. announced that Larry Radford will step down as President effective immediately for personal health reasons. The Board of Directors has appointed Richard Young as President and Director of the Board of the Company. Mr. Radford will stay on at Argonaut as a member of the Board of Directors and Chief Advisor to the CEO until January 22, 2023. Richard Young brings more than 30 years of extensive experience in the gold industry. A Chartered Professional Accountant, Mr. Young joined Barrick Gold Corporation (ABX-T) in 1991 and served in a series of positions of increasing responsibility in finance, operations, corporate development, investor relations and mine development. Most recently, Mr. Young was the President and CEO of Teranga Gold Corporation which was sold to Endeavor Mining Corporation in 2021. Prior to joining Teranga in 2010, Mr. Young served as Vice President and Chief Financial Officer of Gabriel Resources Ltd. for five years. Mr. Young holds a Bachelor of Economics from the University of Western Ontario as well as a Graduate Diploma in Public Accountancy from McGill University. Mr. Young is a CPA, CA.
お知らせ • Dec 07Heliostar Metals Ltd. (TSXV:HSTR) entered into a binding purchase agreement to acquire Aurea Mining Inc. from Argonaut Gold Inc. (TSX:AR).Heliostar Metals Ltd. (TSXV:HSTR) entered into a binding purchase agreement to acquire Aurea Mining Inc. from Argonaut Gold Inc. (TSX:AR) on December 5, 2022. Under the terms of the Purchase Agreement, Heliostar shall pay A cash payment to Argonaut $10 million at closing, the issuance to Argonaut of such number of common shares in the capital of Heliostar (each, a “Heliostar Share”) as have an aggregate value of $5 million divided by the volume weighted average closing price (“VWAP”) of the Heliostar Shares for the ten trading days ending on the last trading day immediately prior to the date of the Purchase Agreement; On the earlier of (a) the date of completion of a feasibility study for the Ana Paula GoldProject and (b) July 1, 2024, a cash payment to Argonaut of $2 million; On the date that Heliostar announces a construction decision for the Ana Paula Gold Project, it will pay to Argonaut an additional cash payment of $3 million and $2 million in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of the construction decision; and On the date that Heliostar commences commercial production at the Ana Paula Gold Project, it will pay to Argonaut an additional $5 million in cash and $3 million in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of commercial production. The deal is subject to to regulatory approval and customary conditions of closing in favour of the parties, including completion of a proposed financing by Heliostar and Heliostar obtaining the conditional approval of the TSXV. Closing of the proposed transaction is anticipated to occur during the first quarter of 2023.
お知らせ • Nov 19Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 15 million.Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 15 million. Security Name: Flow-Through Shares Security Type: Common Stock Securities Offered: 31,250,000 Price\Range: CAD 0.48 Discount Per Security: CAD 0.024
Reported Earnings • Nov 05Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.049 profit in 3Q 2021)Third quarter 2022 results: US$0.002 loss per share (down from US$0.049 profit in 3Q 2021). Revenue: US$75.3m (down 31% from 3Q 2021). Net loss: US$1.30m (down 109% from profit in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
お知らせ • Nov 04Argonaut Gold Inc. Re-Affirms Production Guidance for the Year 2022Argonaut Gold Inc. re-affirmed production guidance for the year 2022. For the year 2022, the company expects GEO production of 200,000 to 230,000.
お知らせ • Oct 29Argonaut Gold Inc. announced that it has received CAD 13.638 million in funding from Franco-Nevada CorporationArgonaut Gold Inc. announced that it has issued 34,693,462 common shares at an issue price of CAD 0.3931 per share for total gross proceeds of CAD 13,637,999.9122 ($10,000,000) on October 27, 2022. The transaction included participation from Franco-Nevada Corporation.
お知らせ • Oct 12Argonaut Gold Inc. to Report Q3, 2022 Results on Nov 03, 2022Argonaut Gold Inc. announced that they will report Q3, 2022 results After-Market on Nov 03, 2022
お知らせ • Sep 07Argonaut Gold Inc. Reports Further High-Grade Intercepts At Magino Including 8.0m At 15.0 g/t Au and 13.0m at 7.54 g/t Au, 11.0m at 8.33 g/t Au and 13.0m at 7.44 g/t AuArgonaut Gold Inc. announced recent positive drill results from deep drilling at Magino with high-grade intercepts below. The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters, reinforcing the underground expansion potential below the planned Magino open pit. The deep drilling programme has now tested the gold mineralization along a 1.5km trend todepths great than 1km.With the Elbow and Central Zones on the eastern margins and the South Zone on the west, a large-scale mineralized system has been shown to continue significantly down dip below the planned open pit. To date the company has drilled over 130,000 metres to establish the resource continuity of the mineralized system. In the eastern area of the Magino deposit, drilling this year has focused on establishing continuity of higher-grade mineralization in the Elbow and Central Zones. Thirty (30) diamond drill holes totaling 19,300m were completed to infill drill spacing to between 40 and 50 meters. Results demonstrate good continuity of the mineralised zones and as expected an erratic nature to the higher grades. Highlights included hole MA22-132 which returned 8.33 g/t Au over a sample length of 11.0 m from the Elbow zone and 11.61 g/t Au over 3.0 m in the Central Zone. Many assays are still pending from this program, and Argonaut expects to issue a further update when received in September. Concurrently, Argonaut is conducting a model update along with preliminary scoping-level underground design and costing. Second-pass follow-up drilling is in progress to further define gold resources along the Scotland, #42, Sandy, and South Zones in the central and western regions of the deposit. Although a considerable number of assays are still pending, initial results are encouraging with several high- grade intercepts over a large area below the planned Magino pit. Highlights include 7.44 g/t Au over 13.0m in the #42 Zone including 24.4 g/t Au over 1.3m and 87.2 g/t Au over 0.65 m in hole MA22-134. The Sandy zone also returned 14.25 g/t Au over 2.0 m. In the South Zone drilling focused on extending known mineralization beneath the western extents of the open pit to vertical depths exceeding 1000m. Drilling encountered north dipping veins as expected as well as several south dipping veins. This resulted in a few intercepts where veins were drilled sub-parallel to the core axis. These intercepts have been identified in the drill tables with double asterix and the true widths are indeterminant at this time. In the north dipping veins where drilling crossed near-perpendicular, highlights include 7.50 g/t Au over 13.0m in hole MA21-104 and 14.3 g/t Au over 5.0m in wedge hole MA22-114W1A. The ongoing program has produced mineralized intervals at depth across the deposit footprint. Argonaut will continue exploratory drilling in the near-mine environment through the end of year and plans to initiate first-pass district exploration drilling during the winter season on several targets to the south and west of Magino. Although many assays are pending, Argonaut expects to release further results in the upcoming months.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$405.9m to US$411.6m. EPS estimate fell from US$0.08 to US$0.06 per share. Net income forecast to grow 3,247% next year vs 5.6% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$1.32 to CA$1.27. Share price fell 12% to CA$0.51 over the past week.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: US$0.055 (vs US$0.076 in 2Q 2021)Second quarter 2022 results: EPS: US$0.055 (down from US$0.076 in 2Q 2021). Revenue: US$111.4m (down 7.3% from 2Q 2021). Net income: US$18.4m (down 22% from 2Q 2021). Profit margin: 17% (down from 20% in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.
お知らせ • Aug 11Argonaut Gold Inc. Revises Production Guidance for the Full Year 2022Argonaut Gold Inc. revised production guidance for the full year 2022. For the period, the company expects production to be in the range of 200,000 gold equivalent ounces to 230,000 gold equivalent ounces as previously forecasted.
お知らせ • Jul 15Argonaut Gold Inc. to Report Q2, 2022 Results on Aug 10, 2022Argonaut Gold Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022
Recent Insider Transactions • Jul 08Independent Chairman of the Board recently bought CA$200k worth of stockOn the 5th of July, James Kofman bought around 445k shares on-market at roughly CA$0.45 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.
Major Estimate Revision • Jul 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.09 to US$0.08. Revenue forecast unchanged from US$409.5m at last update. Net income forecast to grow 843% next year vs 10% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$2.85 to CA$1.63. Share price rose 11% to CA$0.50 over the past week.
お知らせ • Jul 06Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 195.3 million.Argonaut Gold Inc. has completed a Follow-on Equity Offering in the amount of CAD 195.3 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 434,000,000 Price\Range: CAD 0.45 Discount Per Security: CAD 0.0225
Recent Insider Transactions • May 24Insider recently sold CA$349k worth of stockOn the 17th of May, Daniel Symons sold around 288k shares on-market at roughly CA$1.21 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 32% share price decline to CA$1.27, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total loss to shareholders of 21% over the past three years.
Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$437.7m to US$410.6m. EPS estimate rose from US$0.04 to US$0.09. Net income forecast to grow 860% next year vs 24% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$3.53 to CA$2.66. Share price fell 32% to CA$1.27 over the past week.
Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$437.7m to US$410.6m. EPS estimate rose from US$0.04 to US$0.09. Net income forecast to grow 860% next year vs 24% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$3.53 to CA$2.66. Share price fell 32% to CA$1.27 over the past week.
Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.018 (down from US$0.09 in 1Q 2021). Revenue: US$105.8m (flat on 1Q 2021). Net income: US$5.62m (down 79% from 1Q 2021). Profit margin: 5.3% (down from 26% in 1Q 2021). Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 69%. Over the next year, revenue is forecast to grow 1.4%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.