Executive Summary
Harte Gold Corp. engages in the acquisition and exploration of mineral resource properties in Canada.
Rewards
Risk Analysis
Earnings have declined by -68.76% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-11.4%
HRT
0.6%
CA Metals and Mining
0.8%
CA Market
1 Year Return
-59.2%
HRT
28.8%
CA Metals and Mining
10.5%
CA Market
Return vs Industry: HRT underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.
Return vs Market: HRT underperformed the Canadian Market which returned 10.4% over the past year.
Shareholder returns
| HRT | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.4% | 0.6% | 0.8% |
| 30 Day | 10.7% | 3.2% | 2.1% |
| 90 Day | -35.4% | 9.4% | 6.4% |
| 1 Year | -59.2%-59.2% | 29.8%28.8% | 14.0%10.5% |
| 3 Year | -51.6%-51.6% | -1.8%-3.6% | 16.8%6.3% |
| 5 Year | 181.8%181.8% | 27.3%23.1% | 36.8%16.7% |
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
2 weeks ago | Simply Wall St
What Kind Of Investor Owns Most Of Harte Gold Corp. (TSE:HRT)?1 month ago | Simply Wall St
Does Market Volatility Impact Harte Gold Corp.'s (TSE:HRT) Share Price?2 months ago | Simply Wall St
Did You Miss Harte Gold's (TSE:HRT) Impressive 177% Share Price Gain?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$0.18) is trading below our estimate of fair value (CA$1.72)
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 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?
46.8%
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 (1.4%).
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 (46.8% per year) is forecast to grow faster than the Canadian market (5% per year).
High Growth Revenue: HRT's revenue (46.8% 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?
-68.8%
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 -68.8% 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 (-1.4%).
Return on Equity
High ROE: HRT'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 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
Inventory Level: HRT has a high level of physical assets or inventory.
Debt Coverage by Assets: HRT 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: HRT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HRT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -34.8% each year
Next Steps
Dividend
What is Harte Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HRT'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 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
What is the CEO of Harte Gold's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Sam Coetzer (58yo)
0.2yrs
Tenure
Mr. Samuel T. Coetzer, also known as Sam, has been the President, Chief Executive Officer and Director of Harte Gold Corporation since November 2019. Mr. Coetzer served as President and Chief Executive Off ...
Management Age and Tenure
2.3yrs
Average Tenure
58yo
Average Age
Experienced Management: HRT's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
0.8yrs
Average Tenure
61yo
Average Age
Experienced Board: HRT's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: HRT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 769,230 |
| Max Price | CA$0.13 |
| Entity | Company |
| Shares | 49,177,777 |
| Max Price | CA$0.27 |
| Entity | Individual |
| Shares | 400,000 |
| Max Price | CA$0.30 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.7%.
Management Team
George Flach (58yo)
Independent Consultant
- Tenure: 11yrs
- Compensation: CA$235.00k
Tim Campbell (67yo)
Executive VP & Corporate Secretary
- Tenure: 1yrs
- Compensation: CA$741.00k
John Kita
Chief Mine Geologist
- Tenure: 2.9yrs
Sam Coetzer (58yo)
President
- Tenure: 0.2yrs
Rein Lehari
Chief Financial Officer
- Tenure: 11yrs
- Compensation: CA$630.00k
Shawn Howarth
Vice President of Corporate Development
- Tenure: 2.6yrs
- Compensation: CA$225.00k
David Stevenson
Chief Exploration Geologist
- Tenure: 2yrs
David Ellis
Investor Relations Consultant
Martin Raffield (50yo)
Executive VP & COO
- Tenure: 0.2yrs
Board Members
Richard Sutcliffe
Independent Director
- Tenure: 4.5yrs
Joe Conway (61yo)
Independent Director
- Tenure: 0.3yrs
Stephen Roman (66yo)
Non-Executive Chairman
- Tenure: 11yrs
- Compensation: CA$1.78m
Sam Coetzer (58yo)
President
- Tenure: 0.2yrs
Michael Scherb
Director
- Tenure: 1.8yrs
Jim Gallagher
Independent Director
- Tenure: 0.3yrs
Geoff Cohen
Director
- Tenure: 0.8yrs
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$104.928m
- Shares outstanding: 676.96m
- Website: https://www.hartegold.com
Location
- Harte Gold Corp.
- 8 King Street East
- Suite 1700
- Toronto
- Ontario
- M5C 1B5
- 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 and exploration of mineral resource properties in Canada. The company primarily explores for gold deposits. It owns 100% interests in the Sugar Zone property, which consists of 549 contiguous mining claims and 4 mining leases covering an area of approximately 79,355 hectares located in the Sault Ste. Marie Mining Division in Ontario. The company also holds interests in the Stoughton-Abitibi property situated to the north-east of Kirkland Lake, Ontario. The company was formerly known as Harte Resources Company and changed its name to Harte Gold Corp. in December 2003. Harte Gold Corp. was incorporated in 1982 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 23:54 |
| End of Day Share Price | 2020/01/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.