Frontline Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates natural resource properties.
Slightly overvalued with questionable track record.
Share Price & News
How has Frontline Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FGC has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: FGC underperformed the Canadian Metals and Mining industry which returned -8.7% over the past year.
Return vs Market: FGC underperformed the Canadian Market which returned -24.8% over the past year.
Price Volatility Vs. Market
How volatile is Frontline Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StCan We See Significant Insider Ownership On The Frontline Gold Corporation (CVE:FGC) Share Register?
4 months ago | Simply Wall StDoes The Frontline Gold Corporation (CVE:FGC) Share Price Tend To Follow The Market?
6 months ago | Simply Wall StCan We See Significant Insider Ownership On The Frontline Gold Corporation (CVE:FGC) Share Register?
Is Frontline Gold undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FGC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FGC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FGC is good value based on its PE Ratio (4.8x) compared to the Metals and Mining industry average (12.8x).
PE vs Market: FGC is good value based on its PE Ratio (4.8x) compared to the Canadian market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FGC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FGC has negative assets, so we can't compare its PB Ratio to the CA Metals and Mining industry average.
How is Frontline Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Frontline 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.
- Take a look at our analysis of FGC’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.
- Frontline Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Frontline Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FGC has a large one-off gain of CA$243.8K impacting its September 30 2019 financial results.
Growing Profit Margin: FGC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FGC has become profitable over the past 5 years, growing earnings by 62.8% per year.
Accelerating Growth: FGC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FGC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).
Return on Equity
High ROE: FGC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Frontline Gold's financial position?
Financial Position Analysis
Short Term Liabilities: FGC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FGC 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: FGC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FGC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Inventory Level: FGC has a high level of physical assets or inventory.
Debt Coverage by Assets: FGC 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: FGC is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: FGC is profitable, therefore cash runway is not a concern.
What is Frontline Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FGC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FGC'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 FGC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FGC'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 FGC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Walter Henry (52yo)
Mr. Walter C. Henry, CFA, ICD.D had been Acting President and Chief Executive Officer of Alexandria Minerals Corporation since July 30, 2018 until August 2019. Mr. Henry served as the Chief Executive Offic ...
|President||9.83yrs||no data||16.69% CA$117.2k|
|CFO & Director||8.67yrs||no data||no data|
|Independent Director||9yrs||no data||no data|
|Director||10.33yrs||no data||no data|
Experienced Board: FGC's board of directors are considered experienced (9.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FGC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Frontline Gold Corporation's company bio, employee growth, exchange listings and data sources
- Name: Frontline Gold Corporation
- Ticker: FGC
- Exchange: TSXV
- Founded: 2008
- Industry: Gold
- Sector: Materials
- Market Cap: CA$702.316k
- Shares outstanding: 140.46m
- Website: https://www.frontlinegold.com
- Frontline Gold Corporation
- 1 Toronto Street
- Suite 201
- M5C 2V6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FGC||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jan 2010|
|FLDP.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2010|
|66F||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 2010|
Frontline Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates natural resource properties. Its primary assets include gold and base metal properties in Ontario, Canada; the Menderes gold project located in Turkey; and the Niaouleni gold project located in South Mali, Africa. The company was formerly known as Chrysos Capital Corporation and changed its name to Frontline Gold Corporation in March 2010. Frontline Gold Corporation was incorporated in 2008 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 01:48|
|End of Day Share Price||2020/03/31 00:00|
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.