Moneta Gold (TSX:ME) - Share price, News & Analysis

ME fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

ME Stock Overview

Moneta Gold Inc. operates as a resource exploration company in Canada.

Risk Analysis

Earnings have declined by 27.2% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

Shareholders have been diluted in the past year

Moneta Gold Competitors

Ascot Resources

TSX:AOT

CA$183.0m

Great Bear Royalties

TSXV:GBRR

CA$181.4m

Robex Resources

TSXV:RBX

CA$189.4m

TRX Gold

TSX:TNX

CA$176.7m

Price History & Performance

Summary of all time highs, changes and price drops for Moneta Gold
Historical stock prices
Current Share Price	CA$1.94
52 Week High	CA$2.97
52 Week Low	CA$1.43
Beta	1.54
1 Month Change	25.16%
3 Month Change	-12.22%
1 Year Change	-8.92%
3 Year Change	169.45%
5 Year Change	115.56%
Change since IPO	-2.02%

Shareholder Returns

	ME	CA Metals and Mining	CA Market
7D	1.6%	4.4%	3.0%
1Y	-8.9%	-14.3%	0.7%

Return vs Industry: ME exceeded the Canadian Metals and Mining industry which returned -14.2% over the past year.

Return vs Market: ME underperformed the Canadian Market which returned 0.7% over the past year.

Price Volatility

Is ME's price volatile compared to industry and market?
ME volatility
ME Average Weekly Movement	8.3%
Metals and Mining Industry Average Movement	11.7%
Market Average Movement	10.6%
10% most volatile stocks in CA Market	18.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: ME is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ME's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1910	n/a	Gary O'Connor	https://www.monetagold.com

Moneta Gold Inc. operates as a resource exploration company in Canada. The company explores for gold deposits. Its flagship project is the Tower gold project located to the east of Timmins.

Moneta Gold Fundamentals Summary

How do Moneta Gold's earnings and revenue compare to its market cap?
ME fundamental statistics
Market Cap	CA$185.09m
Earnings (TTM)	-CA$15.88m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.7x

P/E Ratio

Is ME overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ME income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$15.88m
Earnings	-CA$15.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.17
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.1%

How did ME perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 ME?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ME. This is calculated by dividing ME's market cap by their current preferred multiple.
What is ME's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CA$185.09m

ME 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/Revenue	n/a
Enterprise Value/EBITDA	-8.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ME's PB Ratio compare to its peers?

ME PB Ratio vs Peers

The above table shows the PB ratio for ME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	15.3x
AOT Ascot Resources	0.6x	84.1%	CA$183.0m
GBRR Great Bear Royalties	56.2x	n/a	CA$181.4m
RBX Robex Resources	1.8x	n/a	CA$189.4m
TNX TRX Gold	2.6x	n/a	CA$176.7m
ME Moneta Gold	3.3x	n/a	CA$185.1m

Price-To-Book vs Peers: ME is good value based on its Price-To-Book Ratio (3.3x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: ME is expensive based on its Price-To-Book Ratio (3.3x) compared to the Canadian Metals and Mining industry average (1.7x)

Price to Book Ratio vs Fair Ratio

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

ME PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	3.3x
Fair PB Ratio	n/a

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

Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate ME'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: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Future Growth

How is Moneta Gold forecast to perform in the next 1 to 3 years based on estimates from 2 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

163.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ME's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if ME's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if ME's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ME is forecast to have no revenue next year.

High Growth Revenue: ME is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ME's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Moneta Gold performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-27.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ME is currently unprofitable.

Growing Profit Margin: ME is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ME is unprofitable, and losses have increased over the past 5 years at a rate of 27.2% per year.

Accelerating Growth: Unable to compare ME's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ME is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).

Return on Equity

High ROE: ME has a negative Return on Equity (-28.38%), as it is currently unprofitable.

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Financial Health

How is Moneta Gold's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ME's short term assets (CA$5.7M) exceed its short term liabilities (CA$3.4M).

Long Term Liabilities: ME's short term assets (CA$5.7M) exceed its long term liabilities (CA$1.6M).

Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if ME's debt to equity ratio has reduced over the past 5 years.

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: ME has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ME is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

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Dividend

What is Moneta Gold 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 ME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ME'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 ME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ME'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 ME has not reported any payouts.

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Management

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

1.3yrs

Average management tenure

CEO

Gary O'Connor

5.25yrs

Tenure

CA$266,346

Compensation

Mr. Gary Vincent O'Connor, B.Sc., FAusIMM, serves as President and Chief Executive Officer at Moneta Gold Inc. (formerly known as Moneta Porcupine Mines Inc.) since May 2017. He serves as Director at Wasec...

CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD208.16K) is about average for companies of similar size in the Canadian market ($USD186.79K).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ME's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: ME's board of directors are not considered experienced ( 2.2 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 2.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/14 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31