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RGL

RiversgoldASX:RGL Stock Report

Market Cap

AU$10.1m

7D

4.2%

1Y

-56.1%

Updated

26 Oct, 2021

Data

Company Financials
RGL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

RGL Overview

Riversgold Limited, a gold exploration company, engages in the exploration and development of mineral resource properties in Australia.

Riversgold Competitors

Strickland Metals

ASX:STK

AU$98.4m

Black Cat Syndicate

ASX:BC8

AU$81.0m

Ausgold

ASX:AUC

AU$74.5m

Horizon Minerals

ASX:HRZ

AU$73.8m

Price History & Performance

Summary of all time highs, changes and price drops for Riversgold
Historical stock prices
Current Share PriceAU$0.025
52 Week HighAU$0.023
52 Week LowAU$0.072
Beta2.07
1 Month Change-10.71%
3 Month Change-30.56%
1 Year Change-56.14%
3 Year Change-67.95%
5 Year Changen/a
Change since IPO-88.64%

Recent News & Updates

Jan 26
How Many Riversgold Limited (ASX:RGL) Shares Did Insiders Buy, In The Last Year?

How Many Riversgold Limited (ASX:RGL) Shares Did Insiders Buy, In The Last Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

Shareholder Returns

RGLAU Metals and MiningAU Market
7D4.2%-0.06%0.4%
1Y-56.1%15.4%24.3%

Return vs Industry: RGL underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: RGL underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is RGL's price volatile compared to industry and market?
RGL volatility
RGL Beta2.07
Industry Beta0.97
Market Beta1

Stable Share Price: RGL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RGL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/aJulian Fordhttps://www.riversgold.com.au

Riversgold Limited, a gold exploration company, engages in the exploration and development of mineral resource properties in Australia. It holds interests in the Kurnalpi project that comprises 10 exploration licenses and 1 application located in the Eastern Goldfields of Western Australia; and the Churchill Dam iron-oxide copper-gold project located in the Gawler Craton, South Australia. The company was formerly known as Alcam Gold Pty Ltd and changed its name to Riversgold Limited in June 2017.

Riversgold Fundamentals Summary

How do Riversgold's earnings and revenue compare to its market cap?
RGL fundamental statistics
Market CapAU$10.10m
Earnings (TTM)-AU$1.63m
Revenue (TTM)n/a

0x

P/S Ratio

-6.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RGL income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.63m
Earnings-AU$1.63m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.004
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did RGL perform over the long term?

See historical performance and comparison

Valuation

Is Riversgold undervalued compared to its fair value and its price relative to the market?

1.71x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RGL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RGL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RGL is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: RGL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RGL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RGL is good value based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Riversgold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Riversgold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Riversgold performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RGL is currently unprofitable.

Growing Profit Margin: RGL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RGL is unprofitable, but has reduced losses over the past 5 years at a rate of 19.2% per year.

Accelerating Growth: Unable to compare RGL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RGL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: RGL has a negative Return on Equity (-27.58%), as it is currently unprofitable.


Financial Health

How is Riversgold's financial position?


Financial Position Analysis

Short Term Liabilities: RGL's short term assets (A$2.5M) exceed its short term liabilities (A$1.3M).

Long Term Liabilities: RGL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RGL is debt free.

Reducing Debt: RGL had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RGL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RGL has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.4% each year.


Dividend

What is Riversgold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RGL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RGL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RGL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RGL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RGL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average board tenure


CEO

Julian Ford (58 yo)

0.25

Tenure

Mr. Julian Peter Ford, BSc (Chem Eng), BComm, Grad Dip.Bus.Man, has been the Chief Executive Officer of Riversgold Limited since July 2021. He served as an Acting Chief Executive Officer of Black Mountain...


Board Members

Experienced Board: RGL's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.


Top Shareholders

Company Information

Riversgold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Riversgold Limited
  • Ticker: RGL
  • Exchange: ASX
  • Founded: 2017
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$10.101m
  • Shares outstanding: 404.04m
  • Website: https://www.riversgold.com.au

Location

  • Riversgold Limited
  • 513 Hay Street
  • Suite 23
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:30
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.