CNSX:WGC

Stock Analysis Report

Executive Summary

Winston Gold Corp., a junior mining company, engages in the acquisition and exploration of mining claims.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WGC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

WGC

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

60.0%

WGC

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: WGC exceeded the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: WGC exceeded the Canadian Market which returned 0.1% over the past year.


Shareholder returns

WGCIndustryMarket
7 Day0%-6.0%-6.2%
30 Day14.3%-1.0%-5.0%
90 Day-15.8%4.9%-2.8%
1 Year60.0%60.0%2.9%2.2%1.1%-2.0%
3 Year-42.9%-42.9%-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Winston Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Winston Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of WGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Winston Gold regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.0%

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 Winston 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 Winston Gold performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WGC is currently unprofitable.

Growing Profit Margin: WGC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WGC is unprofitable, and losses have increased over the past 5 years at a rate of -8.5% per year.

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

Earnings vs Industry: WGC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: WGC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Winston Gold's financial position?


Financial Position Analysis

Short Term Liabilities: WGC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: WGC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: WGC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: WGC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: WGC has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: WGC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: WGC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate WGC'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 WGC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WGC'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 WGC'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?

5.4yrs

Average management tenure


CEO

Murray Nye (65yo)

5.4yrs

Tenure

CA$120,000

Compensation

Mr. Murray R. Nye serves as the Chief Executive Officer of Winston Gold Corp. (formerly, Winston Gold Mining Corp.) since September 29, 2014 and was its Chairman. Mr. Nye served as the Chairman and Chief E ...


CEO Compensation Analysis

Compensation vs Market: Murray's total compensation ($USD90.21K) is below average for companies of similar size in the Canadian market ($USD156.06K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Murray Nye
CEO & Director5.4yrsCA$120.00k2.28% CA$315.9k
Maxwell Polinsky
President7.1yrsCA$120.00k1.32% CA$183.6k
Joseph Carrabba
Executive Chairman0.6yrsno data14.28% CA$2.0m
Megan Francis
Corporate Secretary0yrsno datano data

5.4yrs

Average Tenure

63yo

Average Age

Experienced Management: WGC's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Murray Nye
CEO & Director5.4yrsCA$120.00k2.28% CA$315.9k
Maxwell Polinsky
President7.1yrsCA$120.00k1.32% CA$183.6k
Joseph Carrabba
Executive Chairman0.6yrsno data14.28% CA$2.0m
Allan Fabbro
Independent Director4.3yrsno data0.029% CA$4.0k
Darwin Porterfield
Independent Director5.4yrsno data0.58% CA$80.0k
Stan Stewin
Independent Director3.2yrsno data0.16% CA$21.6k

4.9yrs

Average Tenure

62yo

Average Age

Experienced Board: WGC's board of directors are considered experienced (4.9 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 26.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Winston Gold Corp.
  • Ticker: WGC
  • Exchange: CNSX
  • Founded: 2013
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$13.859m
  • Shares outstanding: 173.23m
  • Website: https://www.winstongoldmining.com

Location

  • Winston Gold Corp.
  • 919 Notre Dame Avenue
  • Suite 201
  • Winnipeg
  • Manitoba
  • R3E 0M8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WGCCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMar 2016
1W9DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2016

Biography

Winston Gold Corp., a junior mining company, engages in the acquisition and exploration of mining claims. The company explores for gold and silver deposits. It owns interests in the Holmes property comprising 5 unpatented claims, as well as Winston property consisting of 13 patented claims covering an area of 205 acres located in Broadwater County, Montana, the United States. The company was formerly known as Winston Gold Mining Corp. and changed its name to Winston Gold Corp. in August 2017. Winston Gold Corp. was incorporated in 2013 and is based in Winnipeg, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:27
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.