TSXV:AGD

Stock Analysis Report

Executive Summary

Antioquia Gold Inc. engages in the exploration, evaluation, and development of gold resource properties in Colombia.

Risk Analysis

Earnings have declined by -31.8% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Antioquia Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-20.0%

AGD

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-33.3%

AGD

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: AGD underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: AGD underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

AGDIndustryMarket
7 Day-20.0%2.4%0.6%
30 Day0%1.2%0.5%
90 Day-33.3%6.6%3.6%
1 Year-33.3%-33.3%5.0%4.4%9.1%5.8%
3 Year-85.7%-85.7%-10.4%-11.9%15.4%5.0%
5 Year0%0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

How volatile is Antioquia Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Antioquia Gold undervalued compared to its fair value and its price relative to the market?

4.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AGD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AGD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AGD is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: AGD 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 AGD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AGD is overvalued based on its PB Ratio (4.1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.6%

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 Antioquia Gold 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.


Next Steps

Past Performance

How has Antioquia Gold performed over the past 5 years?

-31.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGD is currently unprofitable.

Growing Profit Margin: AGD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGD is unprofitable, and losses have increased over the past 5 years at a rate of -31.8% per year.

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

Earnings vs Industry: AGD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: AGD has a negative Return on Equity (-305.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Antioquia Gold's financial position?


Financial Position Analysis

Short Term Liabilities: AGD's short term assets (CA$7.2M) do not cover its short term liabilities (CA$116.1M).

Long Term Liabilities: AGD's short term assets (CA$7.2M) exceed its long term liabilities (CA$3.2M).


Debt to Equity History and Analysis

Debt Level: AGD's debt to equity ratio (2282.1%) is considered high.

Reducing Debt: AGD's debt to equity ratio has increased from 2.6% to 2282.1% over the past 5 years.


Balance Sheet

Inventory Level: AGD has a high level of physical assets or inventory.

Debt Coverage by Assets: AGD's debt is not covered by short term assets (assets are 0.1x debt).


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: AGD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AGD has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51.4% each year


Next Steps

Dividend

What is Antioquia Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if AGD'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 AGD'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?

2.8yrs

Average management tenure


CEO

Gonzalo de Losada 0

2.8yrs

Tenure

CA$121,389

Compensation

Mr. Gonzalo De Losada León serves as Chief Executive Officer and President at Antioquia Gold Inc. and has been its Chairman since June 21, 2017 Mr. De Losada León has over 20 years of experience in banking ...


Leadership Team

NamePositionTenureCompensationOwnership
Gonzalo de Losada
Chairman2.8yrsCA$121.39kno data
Patricia Barbotto
Chief Financial Officer0.4yrsno datano data
Robert Murray
Financial Advisor7.6yrsno datano data

2.8yrs

Average Tenure

Experienced Management: AGD's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gonzalo de Losada
Chairman2.8yrsCA$121.39kno data
Thomas Kelly
Director0.5yrsno datano data
Ernesto Bendezu Flores
Independent Director8.7yrsCA$18.00kno data
Clever Schrader
Director4.3yrsCA$18.00kno data
Eduardo de la Piedra
Independent Director3.6yrsCA$16.37kno data

3.6yrs

Average Tenure

Experienced Board: AGD's board of directors are considered experienced (3.6 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 81.8%.


Top Shareholders

Company Information

Antioquia Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Antioquia Gold Inc.
  • Ticker: AGD
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$18.988m
  • Shares outstanding: 949.40m
  • Website: https://www.antioquiagoldinc.com

Number of Employees


Location

  • Antioquia Gold Inc.
  • 2 Toronto Street
  • Suite 106
  • Toronto
  • Ontario
  • M5C 2B5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGDTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2000
AGDX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2000
1XGBST (Boerse-Stuttgart)YesCommon SharesDEEUROct 2000

Biography

Antioquia Gold Inc. engages in the exploration, evaluation, and development of gold resource properties in Colombia. Its flagship property is the Cisneros project, which comprises 12 mining concessions covering an area of 17,147.59 hectares located to the northeast of Medellin in the Department of Antioquia. The company is headquartered in Toronto, Canada. Antioquia Gold Inc. is a subsidiary of Infinita Prosperidad Minera SAC. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:33
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.