CNSX:PGOL

Stock Analysis Report

Executive Summary

Patriot Gold Corp., together with its subsidiaries, explores, acquires, and develops primarily gold and silver properties in the United States.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PGOL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

PGOL

-1.5%

CA Metals and Mining

-3.8%

CA Market


1 Year Return

n/a

PGOL

4.9%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: Insufficient data to determine how PGOL performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how PGOL performed against the Canadian Market.


Shareholder returns

PGOLIndustryMarket
7 Day0%-1.5%-3.8%
30 Day0%3.2%-2.0%
90 Day0%10.2%-0.3%
1 Yearn/a5.6%4.9%3.7%0.5%
3 Yearn/a-1.9%-3.6%13.6%3.4%
5 Yearn/a28.2%24.6%30.2%11.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PGOL is overvalued based on its PB Ratio (2.5x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

13.7%

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 Patriot Gold 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 Patriot Gold performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGOL is currently unprofitable.

Growing Profit Margin: PGOL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PGOL is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.

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

Earnings vs Industry: PGOL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: PGOL has a negative Return on Equity (-19.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

  • Explore strong past performing companies in the Materials industry.

Financial Health

How is Patriot Gold's financial position?


Financial Position Analysis

Short Term Liabilities: PGOL's short term assets ($700.7K) exceed its short term liabilities ($233.1K).

Long Term Liabilities: PGOL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PGOL is debt free.

Reducing Debt: PGOL has not had any debt for past 5 years.


Balance Sheet

Inventory Level: PGOL has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PGOL's debt is 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.

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

Forecast Cash Runway: PGOL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -4.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if PGOL'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 PGOL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Trevor Newton (49yo)

3.8yrs

Tenure

US$273,911

Compensation

Mr. Trevor Newton has been the Chief Executive Officer, President, Secretary and Treasurer of Patriot Gold Corp. since May 27, 2016. Mr. Newton has been the Chief Executive Officer, President, Chief Financ ...


CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD273.91K) is above average for companies of similar size in the Canadian market ($USD154.48K).

Compensation vs Earnings: Trevor's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Trevor Newton
President3.8yrsUS$273.91k26.82% $1.3m
Robert Coale
Chairman of the Board3.8yrsUS$50.47k0.98% $48.2k
Zachary Black
Director3.6yrsUS$92.47k0.67% $33.0k

3.8yrs

Average Tenure

49yo

Average Age

Experienced Board: PGOL's board of directors are considered experienced (3.8 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.3%.


Top Shareholders

Company Information

Patriot Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Patriot Gold Corp.
  • Ticker: PGOL
  • Exchange: CNSX
  • Founded: 1998
  • Industry: Gold
  • Sector: Materials
  • Market Cap: US$3.692m
  • Listing Market Cap: US$4.900m
  • Shares outstanding: 74.28m
  • Website: https://www.patriotgoldcorp.com

Location

  • Patriot Gold Corp.
  • 3651 Lindell Road
  • Suite D165
  • Las Vegas
  • Nevada
  • 89103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGOLOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2001
PGOLCNSX (Canadian National Stock Exchange)YesCommon StockCACADDec 2001

Biography

Patriot Gold Corp., together with its subsidiaries, explores, acquires, and develops primarily gold and silver properties in the United States. It holds a 100% interest in the Vernal property that consists of 12 unpatented mining claims covering an area of approximately 248 acres in Nevada. The company also holds an interest in the Windy Peak property, which includes 114 unpatented mineral claims covering approximately 2,337 contiguous acres in southwest Nevada; and the Rainbow Mountain property that consists of 81 unpatented lode claims covering an area of approximately 1,620 contiguous acres in Nevada. Patriot Gold Corp. was founded in 1998 and is based in Las Vegas, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:37
End of Day Share Price2019/11/27 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.