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GRC

Gold Springs Resource TSX:GRC Stock Report

Last Price

CA$0.17

Market Cap

CA$43.6m

7D

-2.9%

1Y

-12.8%

Updated

16 Aug, 2022

Data

Company Financials
GRC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

GRC Stock Overview

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States.

Gold Springs Resource Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gold Springs Resource
Historical stock prices
Current Share PriceCA$0.17
52 Week HighCA$0.27
52 Week LowCA$0.14
Beta1.29
1 Month Change0%
3 Month Change-5.56%
1 Year Change-12.82%
3 Year Change240.00%
5 Year Change-20.93%
Change since IPO-58.54%

Recent News & Updates

Shareholder Returns

GRCCA Metals and MiningCA Market
7D-2.9%1.2%3.2%
1Y-12.8%-12.7%2.1%

Return vs Industry: GRC exceeded the Canadian Metals and Mining industry which returned -14.4% over the past year.

Return vs Market: GRC underperformed the Canadian Market which returned 1% over the past year.

Price Volatility

Is GRC's price volatile compared to industry and market?
GRC volatility
GRC Average Weekly Movement11.2%
Metals and Mining Industry Average Movement11.5%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: GRC is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GRC's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20062Antonio Cantonhttps://www.goldspringsresource.com

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs gold-silver project covering approximately 7,800 hectares located in eastern Lincoln County, Nevada, and western Iron County, Utah.

Gold Springs Resource Fundamentals Summary

How do Gold Springs Resource's earnings and revenue compare to its market cap?
GRC fundamental statistics
Market CapCA$43.58m
Earnings (TTM)CA$1.75m
Revenue (TTM)n/a

25.0x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRC income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$1.36m
EarningsUS$1.36m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0053
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.1%

How did GRC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRC?

Other financial metrics that can be useful for relative valuation.

GRC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-27.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GRC's PE Ratio compare to its peers?

GRC PE Ratio vs Peers
The above table shows the PE ratio for GRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.9x
MGZ.H Mangazeya Mining
0.9xn/aCA$45.1m
RYR Royal Road Minerals
3.4xn/aCA$53.1m
MJS Majestic Gold
8.6xn/aCA$52.1m
GG Galane Gold
9.8xn/aCA$30.3m
GRC Gold Springs Resource
25xn/aCA$43.6m

Price-To-Earnings vs Peers: GRC is expensive based on its Price-To-Earnings Ratio (25x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

How does GRC's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: GRC is expensive based on its Price-To-Earnings Ratio (25x) compared to the Canadian Metals and Mining industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is GRC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GRC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GRC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GRC's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.8%

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 Gold Springs Resource 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.


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  • Examine Gold Springs Resource's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Gold Springs Resource competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Gold Springs Resource performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRC has a high level of non-cash earnings.

Growing Profit Margin: GRC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GRC has become profitable over the past 5 years, growing earnings by -8.1% per year.

Accelerating Growth: GRC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GRC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).


Return on Equity

High ROE: GRC's Return on Equity (5.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Gold Springs Resource's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GRC's short term assets ($2.5M) exceed its short term liabilities ($558.8K).

Long Term Liabilities: GRC's short term assets ($2.5M) exceed its long term liabilities ($31.0K).


Debt to Equity History and Analysis

Debt Level: GRC has more cash than its total debt.

Reducing Debt: GRC's debt to equity ratio has reduced from 5.2% to 0.1% over the past 5 years.

Debt Coverage: GRC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if GRC's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Gold Springs Resource current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if GRC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRC has not reported any payouts.


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Management

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

7.3yrs

Average board tenure


CEO

Antonio Canton

1.17yrs

Tenure

US$551,983

Compensation

Mr. Antonio Canton serves as President and Chief Executive Officer at Gold Springs Resource Corp. since June 30, 2021. He serves as an Independent Consultant for international companies in marketing, finan...


Board Members

Experienced Board: GRC's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GRC 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 2.2%.


Top Shareholders

Company Information

Gold Springs Resource Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gold Springs Resource Corp.
  • Ticker: GRC
  • Exchange: TSX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$43.579m
  • Shares outstanding: 256.35m
  • Website: https://www.goldspringsresource.com

Number of Employees


Location

  • Gold Springs Resource Corp.
  • 580 Hornby Street
  • Suite 880
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.