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Argonaut Gold

TSX:AR
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AR
TSX
CA$343M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

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
0.5%
TSX:AR
5.5%
CA Metals and Mining
2.2%
CA Market
1 Year Returns
-17.4%
TSX:AR
-3.9%
CA Metals and Mining
0.5%
CA Market
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.
Price Volatility
AR
Industry
5yr Volatility vs Market

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.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Argonaut Gold.

TSX:AR Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for TSX:AR
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.

TSX:AR DCF 1st Stage: Next 5 year cash flow forecast
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
TSX:AR DCF 2nd Stage: Terminal Value
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
TSX:AR Total Equity Value
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
TSX:AR Discount to Share Price
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
Amount off the current price Argonaut Gold is available for.
Intrinsic value
>50%
Share price is CA$1.95 vs Future cash flow value of CA$5.87
Current Discount Checks
For Argonaut Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
TSX:AR PE (Price to Earnings) Ratio Data Sources
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.

TSX:AR PE (Price to Earnings) Ratio Calculation
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?
Raw Data
TSX:AR PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

TSX:AR PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
TSX:AR PB (Price to Book) Ratio Data Sources
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
TSX:AR PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Argonaut Gold's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. 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

 How is Argonaut Gold expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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!
Annual Growth Rate
41.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Argonaut Gold expected to grow at an attractive rate?
  • 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
Raw Data
TSX:AR Future Growth Rates Data Sources
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
Raw Data
TSX:AR Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AR Future Estimates Data
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
TSX:AR Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Argonaut Gold's earnings are expected to grow significantly at over 20% yearly.
  • Argonaut Gold's revenue is expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:AR 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.

TSX:AR Future Estimates Data
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
TSX:AR Past Financials Data
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.
X
Future performance checks
We assess Argonaut Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Argonaut Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Argonaut Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Argonaut Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AR Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Argonaut Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Argonaut Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Argonaut Gold Company Filings, last reported 4 months ago.

TSX:AR Past Debt and Equity Data
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).
X
Financial health checks
We assess Argonaut Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Argonaut Gold has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Argonaut Gold dividends.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
TSX:AR Annualized Past and Future Dividends
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.

TSX:AR Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Argonaut Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Argonaut Gold 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.
X
Income/ dividend checks
We assess Argonaut Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pete Dougherty
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:

4
Average Tenure
  • The tenure for the Argonaut Gold management team is about average.
Management Team

Pete Dougherty

TITLE
President
COMPENSATION
$1M
TENURE
9.2 yrs

Dave Ponczoch

TITLE
CFO & Corporate Secretary
COMPENSATION
$800K
TENURE
5.3 yrs

Bill Zisch

TITLE
Chief Operating Officer
COMPENSATION
$962K
AGE
61
TENURE
2.3 yrs

Bob Rose

TITLE
Vice President of Technical Services
COMPENSATION
$704K
TENURE
5.8 yrs

Dan Symons

TITLE
Vice President of Investor Relations
COMPENSATION
$377K
TENURE
2.8 yrs

Brian Arkell

TITLE
Vice President of Exploration
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Argonaut Gold board of directors in years:

8.1
Average Tenure
63.5
Average Age
  • The tenure for the Argonaut Gold board of directors is about average.
Board of Directors

Jim Kofman

TITLE
Chairman of the Board
COMPENSATION
$204K
TENURE
3.2 yrs

Pete Dougherty

TITLE
President
COMPENSATION
$1M
TENURE
9.2 yrs

Dale Peniuk

TITLE
Director
COMPENSATION
$115K
AGE
59
TENURE
9.2 yrs

Chris Lattanzi

TITLE
Director
COMPENSATION
$108K
AGE
81
TENURE
9.2 yrs

Peter Mordaunt

TITLE
Director
COMPENSATION
$110K
AGE
59
TENURE
8.1 yrs

Audra Walsh

TITLE
Director
COMPENSATION
$107K
TENURE
2.8 yrs

Ian Atkinson

TITLE
Director
COMPENSATION
$107K
AGE
68
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Argonaut Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) 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
X
Management checks
We assess Argonaut Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

What 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 -

How 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 -

A 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 -

Could 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 -

Does 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 -

Is 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 -

Should 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 -

Should 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 -

Does 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 -

Company 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
Staff numbers
681
Argonaut Gold employees.
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.