Executive Summary
Harte Gold Corp. engages in the acquisition, exploration, evaluation, development and mining of mineral resource properties in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with limited growth.
Share Price & News
How has Harte Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HRT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: HRT's weekly volatility (13%) has been stable over the past year.
Market Performance
7 Day Return
-8.6%
HRT
-0.4%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
3.2%
HRT
35.8%
CA Metals and Mining
1.5%
CA Market
Return vs Industry: HRT underperformed the Canadian Metals and Mining industry which returned 36.7% over the past year.
Return vs Market: HRT exceeded the Canadian Market which returned 2.1% over the past year.
Shareholder returns
| HRT | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.6% | -0.4% | -0.2% |
| 30 Day | 45.5% | 1.5% | 4.0% |
| 90 Day | 28.0% | -2.0% | 12.9% |
| 1 Year | 3.2%3.2% | 36.9%35.8% | 5.2%1.5% |
| 3 Year | -66.0%-66.0% | 40.4%37.4% | 14.2%3.4% |
| 5 Year | 113.3%113.3% | 170.6%162.0% | 63.2%38.1% |
Long-Term Price Volatility Vs. Market
How volatile is Harte Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Harte Gold's (TSE:HRT) Stock Price Has Reduced 77% In The Past Three Years6 months ago | Simply Wall St
One Harte Gold Corp. (TSE:HRT) Broker Just Cut Their Revenue Forecasts By 43%11 months ago | Simply Wall St
Is Harte Gold's (TSE:HRT) Share Price Gain Of 250% Well Earned?Valuation
Is Harte Gold undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HRT (CA$0.16) is trading below our estimate of fair value (CA$2.68)
Significantly Below Fair Value: HRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HRT is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: HRT 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 HRT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HRT has negative assets, so we can't compare its PB Ratio to the CA Metals and Mining industry average.
Next Steps
Future Growth
How is Harte Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
89.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if HRT's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if HRT's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HRT's revenue (89% per year) is forecast to grow faster than the Canadian market (8% per year).
High Growth Revenue: HRT's revenue (89% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HRT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Harte Gold performed over the past 5 years?
-51.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HRT is currently unprofitable.
Growing Profit Margin: HRT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HRT is unprofitable, and losses have increased over the past 5 years at a rate of 51.3% per year.
Accelerating Growth: Unable to compare HRT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HRT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (71.8%).
Return on Equity
High ROE: HRT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Harte Gold's financial position?
Financial Position Analysis
Short Term Liabilities: HRT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HRT 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: HRT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HRT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
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: HRT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HRT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Harte Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HRT'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 HRT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HRT'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 HRT'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?
0.6yrs
Average management tenure
CEO
Frazer Bourchier (54 yo)
0.33
Tenure
Mr. Frazer W. Bourchier, BASc, MASc, P.Eng has been President Chief Executive Officer and Director at Harte Gold Corporation since September 21, 2020. Mr. Bourchier served as Chief Operating Officer at Det...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice President of Corporate Development & Investor Relations | no data | CA$391.95k | 0.022% CA$ 30.8k | |
| President | 0.33yr | no data | 0.074% CA$ 103.7k | |
| Executive VP & CFO | 0.83yr | no data | 0.040% CA$ 56.0k | |
| Vice President of Operations | 0.33yr | no data | no data | |
| Vice President of People & Organizational Development | 1yr | no data | 0.11% CA$ 148.7k | |
| Vice President of Geological Services | no data | no data | no data | |
| Investor Relations Consultant | no data | no data | no data |
0.6yrs
Average Tenure
Experienced Management: HRT's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.33yr | no data | 0.074% CA$ 103.7k | |
| Independent Chairman | 1yr | CA$137.50k | 0.11% CA$ 160.0k | |
| Director | 1.17yrs | CA$1.06m | 0.22% CA$ 307.7k | |
| Director | 0.33yr | no data | no data | |
| Director | 2.75yrs | CA$197.00k | no data | |
| Independent Director | 1.75yrs | CA$145.50k | no data | |
| Director | 0.50yr | no data | no data |
1.0yrs
Average Tenure
62yo
Average Age
Experienced Board: HRT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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 29.8%.
Top Shareholders
Company Information
Harte Gold Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Harte Gold Corp.
- Ticker: HRT
- Exchange: TSX
- Founded: 1982
- Industry: Gold
- Sector: Materials
- Market Cap: CA$140.592m
- Shares outstanding: 878.70m
- Website: https://www.hartegold.com
Location
- Harte Gold Corp.
- 161 Bay Street
- Suite 2400
- Toronto
- Ontario
- M5J 2S1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HRT | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 2000 |
| H4O | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 2000 |
| HRTF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 2000 |
Biography
Harte Gold Corp. engages in the acquisition, exploration, evaluation, development and mining of mineral resource properties in Canada. The company explores for gold deposits. The company owns 100% interest...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:04 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.