Argonaut Gold
Argonaut Gold Inc. engages in the exploration, mine development, and production activities in North America. The last earnings update was 106 days ago. More info.
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- Argonaut Gold has significant price volatility in the past 3 months.
AR Share Price and Events
7 Day Returns
1 Year Returns
AR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Argonaut Gold (AR) | 0.5% | 29.1% | 52.3% | -17.4% | 25.8% | -66.1% |
| CA Metals and Mining | 5.5% | 12.9% | 15.3% | -3.9% | 21.5% | -23.9% |
| CA Market | 2.2% | 4.5% | 5.4% | 0.5% | 24% | 6.1% |
1 Year Return vs Industry and Market
- AR underperformed the Metals and Mining industry which returned -3.9% over the past year.
- AR underperformed the Market in Canada which returned 0.5% over the past year.
Value
Is Argonaut Gold undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Argonaut Gold
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Argonaut Gold.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 8.1% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.22 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.217 (1 + (1- 21%) (3.08%)) |
1.247 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.25 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.247 * 8.05%) |
11.99% |
Discounted Cash Flow Calculation for TSX:AR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Argonaut Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 20.46 | 63.00 | 95.50 | 94.66 | 93.84 |
| Source | Analyst x5 | Analyst x2 | Analyst x2 | Est @ -0.88% | Est @ -0.88% |
|
Present Value Discounted (@ 11.99%) |
18.27 | 50.24 | 68.00 | 60.19 | 53.28 |
| Present value of next 5 years cash flows | $249.97 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $93.84 × (1 + 1.95%) ÷ (11.99% – 1.95%) |
$952.88 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $952.88 ÷ (1 + 11.99%)5 |
$541.02 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $249.97 + $541.02 |
$791.00 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $791.00 / 177.80 |
$4.45 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CAD
(Reporting currency to currency of TSX:AR) |
1.319 |
| Value per Share (CAD) |
= Value per Share in USD x Exchange Rate (USD/CAD)
= $4.45 x 1.319 |
CA$5.87 |
| Value per share (CAD) | From above. | CA$5.87 |
| Current discount | Discount to share price of
CA$1.95
= -1 x (CA$1.95 - CA$5.87) / CA$5.87 |
66.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Argonaut Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Argonaut Gold's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Argonaut Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Argonaut Gold's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.09 |
| TSX:AR Share Price ** | TSX (2019-02-21) in CAD | CA$1.95 |
| TSX:AR Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.758 | $1.48 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 120 Publicly-Listed Metals and Mining Companies | 10.73x |
| Canada Market PE Ratio | Median Figure of 552 Publicly-Listed Companies | 14.82x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Argonaut Gold.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:AR Share Price ÷ EPS (both in USD) = 1.48 ÷ 0.09 |
17.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Argonaut Gold is overvalued based on earnings compared to the CA Metals and Mining industry average.
- Argonaut Gold is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Argonaut Gold's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.37x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
41.8%per year |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 40 Publicly-Listed Metals and Mining Companies | 0.52x |
| Canada Market PEG Ratio | Median Figure of 257 Publicly-Listed Companies | 0.94x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.37x ÷ 41.8% |
0.42x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Argonaut Gold is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Argonaut Gold's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $3.59 |
| TSX:AR Share Price * | TSX (2019-02-21) in CAD | CA$1.95 |
| TSX:AR Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.758 | $1.48 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,077 Publicly-Listed Metals and Mining Companies | 1.44x |
| Canada Market PB Ratio | Median Figure of 2,330 Publicly-Listed Companies | 1.55x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:AR Share Price ÷ Book Value per Share (both in USD) = 1.48 ÷ 3.59 |
0.41x |
* Primary Listing of Argonaut Gold.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Argonaut Gold is good value based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess Argonaut Gold's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Argonaut Gold has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Argonaut Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Argonaut Gold's earnings growth is expected to exceed the Canada market average.
- Argonaut Gold's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:AR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 41.8% |
| TSX:AR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 18.2% |
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 41.2% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 7.6% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 18% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 18 | |||
| 2021-12-31 | 343 | 113 | 62 | 1 |
| 2020-12-31 | 301 | 100 | 39 | 2 |
| 2019-12-31 | 270 | 81 | 29 | 4 |
| 2018-12-31 | 207 | 60 | 16 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 184 | 38 | 15 |
| 2018-06-30 | 171 | 36 | 18 |
| 2018-03-31 | 164 | 44 | 24 |
| 2017-12-31 | 155 | 39 | 24 |
| 2017-09-30 | 151 | 45 | 19 |
| 2017-06-30 | 157 | 46 | 19 |
| 2017-03-31 | 154 | 41 | 12 |
| 2016-12-31 | 145 | 33 | 4 |
| 2016-09-30 | 141 | 35 | -179 |
| 2016-06-30 | 139 | 38 | -190 |
| 2016-03-31 | 143 | 36 | -200 |
| 2015-12-31 | 159 | 58 | -203 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Argonaut Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 0.35 | 0.35 | 0.35 | 1.00 |
| 2020-12-31 | 0.22 | 0.29 | 0.15 | 2.00 |
| 2019-12-31 | 0.17 | 0.20 | 0.14 | 2.00 |
| 2018-12-31 | 0.09 | 0.12 | 0.08 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.09 |
| 2018-06-30 | 0.10 |
| 2018-03-31 | 0.14 |
| 2017-12-31 | 0.14 |
| 2017-09-30 | 0.11 |
| 2017-06-30 | 0.12 |
| 2017-03-31 | 0.08 |
| 2016-12-31 | 0.03 |
| 2016-09-30 | -1.14 |
| 2016-06-30 | -1.22 |
| 2016-03-31 | -1.29 |
| 2015-12-31 | -1.31 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Argonaut Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Argonaut Gold's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Argonaut Gold has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Argonaut Gold performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Argonaut Gold's year on year earnings growth rate has been positive over the past 5 years.
- Argonaut Gold's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Argonaut Gold's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
All data from Argonaut Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 183.88 | 15.11 | 12.97 | |
| 2018-06-30 | 171.25 | 18.24 | 12.91 | |
| 2018-03-31 | 163.58 | 24.06 | 12.27 | |
| 2017-12-31 | 155.09 | 23.85 | 12.10 | |
| 2017-09-30 | 150.96 | 19.20 | 12.14 | |
| 2017-06-30 | 157.30 | 18.98 | 12.08 | |
| 2017-03-31 | 153.93 | 12.11 | 12.00 | |
| 2016-12-31 | 144.78 | 4.33 | 11.07 | |
| 2016-09-30 | 141.45 | -178.74 | 10.79 | |
| 2016-06-30 | 138.54 | -190.14 | 10.28 | |
| 2016-03-31 | 142.93 | -199.97 | 10.22 | |
| 2015-12-31 | 158.59 | -202.71 | 11.12 | |
| 2015-09-30 | 175.56 | -27.38 | 12.36 | |
| 2015-06-30 | 180.76 | -18.03 | 13.76 | |
| 2015-03-31 | 178.17 | -5.50 | 13.80 | |
| 2014-12-31 | 166.27 | -4.19 | 13.86 | |
| 2014-09-30 | 151.91 | -17.04 | 13.38 | |
| 2014-06-30 | 157.05 | -8.64 | 12.70 | |
| 2014-03-31 | 161.04 | -4.17 | 13.35 | |
| 2013-12-31 | 165.06 | 4.63 | 13.73 | |
| 2013-09-30 | 182.80 | 43.76 | 12.99 | |
| 2013-06-30 | 213.23 | 64.39 | 12.39 | |
| 2013-03-31 | 205.85 | 69.21 | 11.15 | |
| 2012-12-31 | 187.12 | 64.86 | 10.00 | |
| 2012-09-30 | 169.33 | 54.91 | 8.97 | |
| 2012-06-30 | 119.16 | 33.74 | 8.18 | |
| 2012-03-31 | 103.25 | 27.60 | 7.75 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Argonaut Gold has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Argonaut Gold used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
- Argonaut Gold has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Argonaut Gold's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Argonaut Gold has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Argonaut Gold's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Argonaut Gold's finances.
The net worth of a company is the difference between its assets and liabilities.
- Argonaut Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Argonaut Gold's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 16.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Argonaut Gold Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 637.64 | 8.00 | 20.56 |
| 2018-06-30 | 635.78 | 8.00 | 22.73 |
| 2018-03-31 | 639.41 | 8.00 | 21.27 |
| 2017-12-31 | 632.45 | 8.00 | 14.06 |
| 2017-09-30 | 628.32 | 0.00 | 37.46 |
| 2017-06-30 | 617.11 | 0.00 | 53.84 |
| 2017-03-31 | 604.18 | 0.46 | 55.17 |
| 2016-12-31 | 557.25 | 0.92 | 42.10 |
| 2016-09-30 | 562.35 | 1.50 | 50.41 |
| 2016-06-30 | 563.51 | 2.33 | 54.15 |
| 2016-03-31 | 561.61 | 3.15 | 46.58 |
| 2015-12-31 | 540.42 | 3.95 | 45.88 |
| 2015-09-30 | 730.42 | 5.07 | 43.77 |
| 2015-06-30 | 758.92 | 5.90 | 43.70 |
| 2015-03-31 | 764.13 | 6.96 | 64.13 |
| 2014-12-31 | 786.34 | 8.08 | 51.45 |
| 2014-09-30 | 813.02 | 9.13 | 44.69 |
| 2014-06-30 | 828.91 | 10.41 | 52.86 |
| 2014-03-31 | 815.45 | 6.16 | 60.13 |
| 2013-12-31 | 814.63 | 14.08 | 81.50 |
| 2013-09-30 | 825.77 | 16.18 | 125.62 |
| 2013-06-30 | 825.52 | 18.48 | 140.05 |
| 2013-03-31 | 823.12 | 20.81 | 169.23 |
| 2012-12-31 | 812.54 | 0.00 | 191.89 |
| 2012-09-30 | 369.14 | 0.00 | 42.81 |
| 2012-06-30 | 341.20 | 6.00 | 21.44 |
| 2012-03-31 | 329.58 | 6.20 | 17.78 |
- Argonaut Gold's level of debt (1.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (2% vs 1.3% today).
- Debt is well covered by operating cash flow (472%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 60.8x coverage).
Financial health checks
We assess Argonaut Gold's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Argonaut Gold has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Argonaut Gold's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Argonaut Gold
shares you are expected to receive
CA$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Argonaut Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Argonaut Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.1% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 | ||
| 2018-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Argonaut Gold has not reported any payouts.
- Unable to verify if Argonaut Gold's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Argonaut Gold's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Argonaut Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Argonaut Gold has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,493,356 |
| TENURE AS CEO | 9.2 years |
CEO Bio
Mr. Peter C. Dougherty, also known as Pete, is the President and Chief Executive Officer of Argonaut Gold Inc. and formerly served as the Vice-President of Finance and Chief Financial Officer of Meridian Gold Inc. from 2002 to 2007 and also its Corporate Secretary. Mr. Dougherty has also served as: Chief Accounting Officer and Corporate Controller of Meridian Gold Inc. from 1997 to 2002; IBS Financial Manager of the Chemicals Group of FMC Corporation from 1994 to 1997; Group Financial Analyst of the Chemicals Group of FMC Corporation from 1993 to 1994 and the Controller of Paradise Peak Mine, FMC Gold Company from 1990 to 1993. Mr. Dougherty has been Director of Argonaut Gold Inc since December, 2009. Mr. Dougherty holds a Bachelor of Science in Accounting from Southern Oregon State College, Ashland, Oregon and a Masters of Business Administration (MBA) from Drexel University, Philadelphia, Pennsylvania, United States of America.
CEO Compensation
- Pete's compensation has been consistent with company performance over the past year.
- Pete's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Argonaut Gold management team in years:
- The tenure for the Argonaut Gold management team is about average.
Management Team
Pete Dougherty
President
$1M
9.2 yrs
Dave Ponczoch
CFO & Corporate Secretary
$800K
5.3 yrs
Bill Zisch
Chief Operating Officer
$962K
61
2.3 yrs
Bob Rose
Vice President of Technical Services
$704K
5.8 yrs
Dan Symons
Vice President of Investor Relations
$377K
2.8 yrs
Brian Arkell
Vice President of Exploration
1.1 yrs
Board of Directors Tenure
Average tenure and age of the Argonaut Gold board of directors in years:
- The tenure for the Argonaut Gold board of directors is about average.
Board of Directors
Jim Kofman
Chairman of the Board
$204K
3.2 yrs
Pete Dougherty
President
$1M
9.2 yrs
Dale Peniuk
Director
$115K
59
9.2 yrs
Chris Lattanzi
Director
$108K
81
9.2 yrs
Peter Mordaunt
Director
$110K
59
8.1 yrs
Audra Walsh
Director
$107K
2.8 yrs
Ian Atkinson
Director
$107K
68
2.8 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Argonaut Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Dec 18 | Buy | Peter Dougherty | Individual | 27. Nov 18 | 27. Nov 18 | 5,500 | CA$1.21 | CA$6,655 | ||
| 26. Nov 18 | Buy | Daniel Symons | Individual | 23. Nov 18 | 23. Nov 18 | 7,600 | CA$1.30 | CA$9,880 | ||
| 26. Nov 18 | Buy | Peter Dougherty | Individual | 21. Nov 18 | 21. Nov 18 | 4,700 | CA$1.41 | CA$6,614 | ||
| 14. Sep 18 | Buy | Daniel Symons | Individual | 14. Sep 18 | 14. Sep 18 | 12,100 | CA$1.65 | CA$19,922 | ||
Management checks
We assess Argonaut Gold's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Argonaut Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Can We Make Of Argonaut Gold Inc.’s (TSE:AR) High Return On Capital?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For Argonaut Gold Inc. (TSE:AR)?
Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleHow Do Analysts See Argonaut Gold Inc. (TSE:AR) Performing In The Year Ahead?
After Argonaut Gold Inc.'s (TSE:AR) earnings announcement in September 2018, … analyst consensus outlook appear vastly optimistic, … as a 64% rise in profits is expected in the upcoming year,
Simply Wall St - – Full articleA Look At The Fair Value Of Argonaut Gold Inc. (TSE:AR)
by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleCould Argonaut Gold Inc's (TSE:AR) Investor Composition Influence The Stock Price?
A look at the shareholders of Argonaut Gold Inc (TSE:AR) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of CA$228m, Argonaut Gold is a small cap stock, so it might not be well known by many institutional investors.
Simply Wall St - – Full articleDoes Argonaut Gold Inc (TSE:AR) Have A Good P/E Ratio?
Argonaut Gold has a price to earnings ratio of 9.88, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 9.88 = $1.02 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.10
Simply Wall St - – Full articleIs Argonaut Gold Inc's (TSE:AR) CEO Being Overpaid?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Pete Dougherty's Compensation Compare With Similar Sized Companies. … As you can see, Pete Dougherty is paid more than the median CEO pay at companies of a similar size, in the same market
Simply Wall St - – Full articleShould You Be Concerned About Argonaut Gold Inc's (TSE:AR) Investors?
In this article, I will take a quick look at Argonaut Gold Inc’s (TSE:AR) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Therefore, it is beneficial for us to examine AR's ownership structure in more detail.
Simply Wall St - – Full articleShould You Buy Argonaut Gold Inc (TSE:AR) Based On These Aspects?
Attractive stocks have exceptional fundamentals. … In the case of Argonaut Gold Inc (TSE:AR), there's … financial health as well as
Simply Wall St - – Full articleDoes Argonaut Gold Inc's (TSE:AR) PE Ratio Warrant A Sell?
I am writing today to help inform people who are new to the stock market. … Argonaut Gold Inc (TSE:AR) is currently trading at a trailing P/E of 12.3x, which is higher than the industry average of 10.9x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind
Simply Wall St - – Full articleCompany Info
Map
Description
Argonaut Gold Inc. engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; the La Colorada mine situated in the State of Sonora, Mexico; and the San Agustin project located in the State of Durango, Mexico. The company is based in Reno, Nevada.
Details
| Name: | Argonaut Gold Inc. |
| AR | |
| Exchange: | TSX |
| Founded: | |
| CA$343,159,670 | |
| 177,802,938 | |
| Website: | http://www.argonautgold.com |
| Address: |
Argonaut Gold Inc. 9600 Prototype Court, Reno, Nevada, 89521, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | AR | Common Shares | The Toronto Stock Exchange | CA | CAD | 23. Dec 2009 | |
| OTCPK | ARNG.F | Common Shares | Pink Sheets LLC | US | USD | 23. Dec 2009 | |
| DB | A8U | Common Shares | Deutsche Boerse AG | DE | EUR | 23. Dec 2009 | |
| LSE | 0UIK | Common Shares | London Stock Exchange | GB | CAD | 23. Dec 2009 |
Number of employees
Current staff
Industry
| Gold | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/22 00:34 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/21 |
| Last earnings filing: | 2018/11/08 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
