CNSX:CGM

Stock Analysis Report

California Gold Mining

Executive Summary

California Gold Mining Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Risks

  • California Gold Mining has significant price volatility in the past 3 months.
  • California Gold Mining is not covered by any analysts.

Share Price & News

How has California Gold Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.5%

CNSX:CGM

0.3%

CA Metals and Mining

-0.6%

CA Market


1 Year Return

113.0%

CNSX:CGM

20.3%

CA Metals and Mining

-4.9%

CA Market

CGM outperformed the Metals and Mining industry which returned 20.3% over the past year.

CGM outperformed the Market in Canada which returned -4.9% over the past year.


Share holder returns

CGMIndustryMarket
7 Day-7.5%0.3%-0.6%
30 Day-19.7%-0.6%-2.6%
90 Day-29.0%24.9%-2.0%
1 Year113.0%113.0%21.3%20.3%-1.5%-4.9%
3 Year-27.9%-27.9%-10.6%-12.3%14.0%3.9%
5 Year-2.0%-2.0%-8.8%-12.1%12.3%-3.5%

Price Volatility Vs. Market

How volatile is California Gold Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is California Gold Mining undervalued based on future cash flows and its price relative to the stock market?

4.23x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for California Gold Mining to establish if it is available at moderate discount.

Unable to calculate intrinsic value for California Gold Mining to establish if it is available at substantial discount.


Price Based on Earnings

California Gold Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.

California Gold Mining is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for California Gold Mining, we can't assess if its growth is good value.


Price Based on Value of Assets

California Gold Mining is overvalued based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

How is California Gold Mining expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.8%

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 California Gold Mining 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.


Next Steps

Past Performance

How has California Gold Mining performed over the past 5 years?

-10.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

California Gold Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare California Gold Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare California Gold Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if California Gold Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if California Gold Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if California Gold Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is California Gold Mining's financial position?


Financial Position Analysis

California Gold Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

California Gold Mining has no long term commitments.


Debt to Equity History and Analysis

California Gold Mining has no debt.

California Gold Mining currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

High level of physical assets or inventory.

California Gold Mining has no debt, it does not need to be covered by short term assets.


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.

California Gold Mining has less than a year of cash runway based on current free cash flow.

California Gold Mining has less than a year of cash runway if free cash flow continues to reduce at historical rates of -22% each year.


Next Steps

Dividend

What is California Gold Mining's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate California Gold Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate California Gold Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as California Gold Mining has not reported any payouts.

Unable to verify if California Gold Mining's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as California Gold Mining has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of California Gold Mining's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average board tenure


CEO

Vishal Gupta 0

4.8yrs

Tenure

CA$175,000

Compensation

Mr. Vishal Gupta, P.Geo., M.Sc, has been Chief Executive Officer and President of California Gold Mining Inc since November 2014. Mr. Gupta served as Head of Business Development and Geologist of Rimrock G ...


CEO Compensation Analysis

Vishal's remuneration is about average for companies of similar size in Canada.

Vishal's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

4.0yrs

Average Tenure

The tenure for the California Gold Mining board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Chad Williams

    Advisor To President & Chief Executive Officer

    • Tenure: 4.8yrs
    • Compensation: CA$475.89k
  • Vishal Gupta

    President

    • Tenure: 4.8yrs
    • Compensation: CA$175.00k
  • Louis Nagy

    Chief Financial Officer and Corporate Secretary

    • Tenure: 0.0yrs
    • Compensation: CA$72.00k

Board Members

  • Larry Phillips (62yo)

    Non Executive Director

    • Tenure: 2.5yrs
    • Compensation: CA$20.00k
  • Kevin Cinq-Mars (52yo)

    Non Executive Director

    • Tenure: 9.6yrs
  • Vishal Gupta

    President

    • Tenure: 4.8yrs
    • Compensation: CA$175.00k
  • Patrick Cronin

    Chairman of the Board

    • Tenure: 0.0yrs
  • William Tomlinson

    Non Executive Director

    • Tenure: 4.0yrs
  • Scott Rasenberg

    Non Executive Director

    • Tenure: 3.5yrs

Company Information

California Gold Mining Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: California Gold Mining Inc.
  • Ticker: CGM
  • Exchange: CNSX
  • Founded: 1998
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$29.219m
  • Shares outstanding: 59.63m
  • Website: https://www.caligold.ca

Location

  • California Gold Mining Inc.
  • The Exchange Tower
  • Suite 1800
  • Toronto
  • Ontario
  • M5X 1E3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGMCNSX (Canadian National Stock Exchange)YesVoting Common SharesCACADJul 1999

Biography

California Gold Mining Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its flagship project is the 100% owned Fremont go ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:48
End of Day Share Price2019/08/21 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.