Price Target Changed • Jan 18
Price target decreased to US$5.38 Down from US$5.83, the current price target is an average from 4 analysts. New target price is 11% above last closing price of US$4.86. The company posted earnings per share of US$0.17 last year. Buying Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be US$5.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 2.6% in 2 years. Earnings is forecast to grow by 14% in the next 2 years. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.1%). Price Target Changed • Nov 16
Price target decreased to US$5.83 Down from US$6.42, the current price target is an average from 6 analysts. New target price is 47% above last closing price of US$3.97. The company posted earnings per share of US$0.17 last year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Tara Hassan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 11
Price target decreased to US$5.83 Down from US$6.67, the current price target is an average from 7 analysts. New target price is 47% above last closing price of US$3.96. The company posted earnings per share of US$0.17 last year. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 15% share price gain to US$3.78, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 9x in the Metals and Mining industry in the US. Total loss to shareholders of 9.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.50 per share. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 62% and the cash payout ratio is 77%. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.0%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.019 (vs US$0.026 in 2Q 2021) Second quarter 2022 results: EPS: US$0.019 (down from US$0.026 in 2Q 2021). Revenue: US$14.2m (flat on 2Q 2021). Net income: US$2.76m (down 26% from 2Q 2021). Profit margin: 19% (down from 26% in 2Q 2021). Over the next year, revenue is forecast to grow 9.1% compared to a 1.1% decline forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Tara Hassan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jun 14
Price target increased to US$6.50 Up from US$5.50, the current price target is an average from 7 analysts. New target price is 48% above last closing price of US$4.39. Stock is down 25% over the past year. The company posted earnings per share of US$0.17 last year. Upcoming Dividend • May 20
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.3%). Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.024 (down from US$0.10 in 1Q 2021). Revenue: US$14.7m (up 12% from 1Q 2021). Net income: US$3.52m (down 76% from 1Q 2021). Profit margin: 24% (down from 113% in 1Q 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 9.5%, compared to a 10% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be US$6.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 79%. Price Target Changed • Mar 17
Price target decreased to US$6.00 Down from US$6.50, the current price target is an average from 8 analysts. New target price is 20% above last closing price of US$5.02. Stock is down 7.7% over the past year. The company is forecast to post earnings per share of US$0.11 for next year compared to US$0.17 last year. Recent Insider Transactions • Mar 13
Insider recently sold US$270k worth of stock On the 9th of March, Steven Busby sold around 52k shares on-market at roughly US$5.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$934k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 17% share price gain to US$4.88, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 10x in the Metals and Mining industry in the US. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.82 per share. Buying Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be US$5.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% per annum over the last 3 years. Earnings per share has grown by 83% per annum over the last 3 years. Recent Insider Transactions • Dec 15
President recently bought US$85k worth of stock On the 10th of December, Ryan McIntyre bought around 20k shares on-market at roughly US$4.27 per share. This was the largest purchase by an insider in the last 3 months. Ryan has been a buyer over the last 12 months, purchasing a net total of US$188k worth in shares. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.8%). Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.02 (vs US$0.11 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$13.7m (down 8.0% from 3Q 2020). Net income: US$2.83m (down 80% from 3Q 2020). Profit margin: 21% (down from 97% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 15 September 2021. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.026 (vs US$0.025 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$14.3m (up 30% from 2Q 2020). Net income: US$3.71m (up 21% from 2Q 2020). Profit margin: 26% (down from 28% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 22
CEO & Director recently sold US$734k worth of stock On the 13th of July, Daniel O'Flaherty sold around 138k shares on-market at roughly US$5.33 per share. This was the largest sale by an insider in the last 3 months. Daniel has been a seller over the last 12 months, reducing personal holdings by US$636k. Upcoming Dividend • May 20
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 15 June 2021. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (2.2%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS US$0.10 (vs US$0.007 in 1Q 2020) First quarter 2021 results: Revenue: US$13.1m (up 41% from 1Q 2020). Net income: US$14.8m (up US$13.9m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$0.19 (vs US$0.071 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$51.7m (up 53% from FY 2019). Net income: US$23.7m (up US$31.4m from FY 2019). Profit margin: 46% (up from net loss in FY 2019). Production and reserves: Gold Number of mines: 1 (3 in FY 2019) Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 05
New 90-day low: US$4.68 The company is down 6.0% from its price of US$4.98 on 04 December 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$2.46 per share. Recent Insider Transactions • Jan 23
Director recently sold US$164k worth of stock On the 15th of January, A. Doyle sold around 30k shares on-market at roughly US$5.57 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$188k more than they sold in the last 12 months. Recent Insider Transactions • Jan 15
Director recently sold US$54k worth of stock On the 12th of January, A. Doyle sold around 10k shares on-market at roughly US$5.49 per share. In the last 3 months, there was an even bigger sale from another insider worth US$56k. Despite this recent sale, insiders have collectively bought US$533k more than they sold in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: US$6.09 The company is up 18% from its price of US$5.14 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$7.97 per share. Recent Insider Transactions • Dec 20
CEO & Director recently bought US$98k worth of stock On the 15th of December, Daniel O'Flaherty bought around 20k shares on-market at roughly US$4.91 per share. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of US$233k worth in shares. Is New 90 Day High Low • Dec 11
New 90-day low: US$4.76 The company is down 3.0% from its price of US$4.92 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.27 per share. Is New 90 Day High Low • Oct 13
New 90-day high: US$5.99 The company is up 29% from its price of US$4.63 on 15 July 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$5.81 per share. Price Target Changed • Sep 20
Price target raised to US$6.17 Up from US$5.75, the current price target is an average from 6 analysts. The new target price is 11% above the current share price of US$5.55. As of last close, the stock is up 31% over the past year.