TSXV:AVG

Stock Analysis Report

Executive Summary

Avidian Gold Corp. engages in the acquisition, development, and exploration of gold properties in North America.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-12.5%

AVG

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

n/a

AVG

12.5%

CA Metals and Mining

1.5%

CA Market

Return vs Industry: AVG underperformed the Canadian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: AVG underperformed the Canadian Market which returned 1.5% over the past year.


Shareholder returns

AVGIndustryMarket
7 Day-12.5%0.1%-0.2%
30 Day-30.0%-6.0%-3.5%
90 Day-12.5%-5.0%-1.8%
1 Yearn/a13.5%12.5%5.1%1.5%
3 Yearn/a-11.1%-12.8%13.3%3.2%
5 Yearn/a8.0%3.9%25.2%7.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Avidian Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Avidian Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of AVG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Avidian Gold regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

43.8%

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 Avidian 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 Avidian Gold performed over the past 5 years?

-27.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AVG is unprofitable, and losses have increased over the past 5 years at a rate of -27.6% per year.

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

Earnings vs Industry: AVG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: AVG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: AVG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: AVG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Avidian Gold's financial position?


Financial Position Analysis

Short Term Liabilities: AVG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AVG 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: AVG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AVG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: AVG 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: AVG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AVG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -34.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if AVG'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 AVG'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 Avidian Gold's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average board tenure


CEO

David Anderson 0

0.7yrs

Tenure

0

Mr. David C. Anderson, B.Sc., APGO has been Chairman of Avidian Gold Corp.since March 2018 and also has been its Director since November 29, 2017. Mr. Anderson serves as Chief Executive Officer of Avidian  ...


Board Age and Tenure

1.7yrs

Average Tenure

Experienced Board: AVG's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: AVG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$35,00015 Aug 19
James Polson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares350,000
Max PriceUS$0.10

Ownership Breakdown


Management Team

  • David Anderson

    CEO & Chairman

    • Tenure: 0.7yrs
  • Tom Setterfield (61yo)

    Vice President of Exploration

    • Tenure: 0yrs
    • Compensation: US$69.06k
  • Ken Brook

    President of Avidian Gold US Inc. & Avidian Gold Alaska Inc.

    • Tenure: 0yrs
    • Compensation: US$17.41k
  • Donna McLean

    Chief Financial Officer

    • Tenure: 0.7yrs

Board Members

  • David Anderson

    CEO & Chairman

    • Tenure: 0.7yrs
  • Dino Titaro (67yo)

    Director

    • Tenure: 1.9yrs
  • Doug Kirwin (68yo)

    Director

    • Tenure: 0.9yrs
  • James Polson

    Director

    • Tenure: 1.8yrs

Company Information

Avidian Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avidian Gold Corp.
  • Ticker: AVG
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$11.037m
  • Shares outstanding: 105.11m
  • Website: https://www.avidiangold.com

Location

  • Avidian Gold Corp.
  • 18 King Street East
  • Suite 902
  • Toronto
  • Ontario
  • M5C 1C4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVGTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2017

Biography

Avidian Gold Corp. engages in the acquisition, development, and exploration of gold properties in North America. The company primarily holds 100% interests in the Golden Zone property covering an area of 1 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:34
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.