TSXV:BRD

Stock Analysis Report

Broadway Gold Mining

Executive Summary

Broadway Gold Mining Ltd., through its subsidiary, Broadway Gold Corp.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BRD

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

-44.4%

BRD

5.2%

CA Metals and Mining

4.7%

CA Market

Return vs Industry: BRD underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: BRD underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

BRDIndustryMarket
7 Day0%4.7%0.1%
30 Day0%4.2%0.8%
90 Day0%15.2%3.7%
1 Year-44.4%-44.4%5.8%5.2%7.9%4.7%
3 Yearn/a-2.4%-4.0%17.9%7.3%
5 Yearn/a25.6%22.0%33.8%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BRD is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

13.6%

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 Broadway Gold Mining 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 Broadway Gold Mining performed over the past 5 years?

-45.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRD is currently unprofitable.

Growing Profit Margin: BRD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRD is unprofitable, and losses have increased over the past 5 years at a rate of -45.5% per year.

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

Earnings vs Industry: BRD 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: BRD has a negative Return on Equity (-19.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Broadway Gold Mining's financial position?


Financial Position Analysis

Short Term Liabilities: BRD's short term assets (CA$114.8K) do not cover its short term liabilities (CA$190.4K).

Long Term Liabilities: BRD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRD is debt free.

Reducing Debt: BRD had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BRD's debt is 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: BRD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BRD has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.1yrs

Average management tenure


CEO

Duane Parnham (55yo)

0.4yrs

Tenure

CA$25,000

Compensation

Mr. Duane Parnham has been an Executive Chairman at Broadway Gold Mining Ltd. Since 2018. He has been a Director at Broadway Gold Mining Ltd. since October 2016. JHe was Executive Chairman of Giyani Metals ...


Leadership Team

NamePositionTenureCompensationOwnership
Duane Parnham
Executive Chairman0.4yrsCA$25.00k7.5% CA$273.6k
Sung Min Myung
Chief Financial Officer1.1yrsno datano data
Robert Middleton
Geologist & Qualified Person1.8yrsno datano data

1.1yrs

Average Tenure

Experienced Management: BRD's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Duane Parnham
Executive Chairman0.4yrsCA$25.00k7.5% CA$273.6k
Suzanne Wood
Director9.3yrsCA$64.50k1.71% CA$62.3k
Shawn Parnham
Director2.5yrsno datano data
Roger Laine
Independent Director2.3yrsno data0.27% CA$10.0k
Victoria Donato
Independent Director2.3yrsno data0.45% CA$16.5k

2.3yrs

Average Tenure

55yo

Average Age

Experienced Board: BRD's board of directors are not considered experienced ( 2.3 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 15.1%.


Top Shareholders

Company Information

Broadway Gold Mining Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Broadway Gold Mining Ltd.
  • Ticker: BRD
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$3.650m
  • Shares outstanding: 48.66m
  • Website: https://www.broadwaymining.com

Location

  • Broadway Gold Mining Ltd.
  • 277 Lakeshore Road East
  • Suite 403
  • Oakville
  • Ontario
  • L6J 6J3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRDTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2010
BDWY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2010
BGHDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2010

Biography

Broadway Gold Mining Ltd., through its subsidiary, Broadway Gold Corp. engages in the acquisition, exploration, and development of mineral resource properties. It explores for copper, silver, cobalt, gold, vanadium, germanium, and uranium deposits. The company owns 100% interest in the Madison copper-gold project covering an area of 2,514 acres consisting of 6 patented lode claims and 137 unpatented lode mineral claims located in the Silver Star Mining District of southeast of Butte, Montana. It also holds an 85% interest in a land package in Namibia, Africa. The company was formerly known as Carolina Capital Corp. and changed its name to Broadway Gold Mining Ltd. in October 2016. Broadway Gold Mining Ltd. was incorporated in 2010 and is headquartered in Oakville, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/03 00:21
End of Day Share Price2019/07/05 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.