TSXV:GDP

Stock Analysis Report

Golden Pursuit Resources

Executive Summary

Golden Pursuit Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties, primarily precious metals in Nevada.

Risk Analysis

Earnings have declined by -48.91% per year over past 5 years

Has less than 1 year of cash runway

Shares are highly illiquid

Makes less than USD$1m in revenue (CA$10K)

+ 3 more risks


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Golden Pursuit Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GDP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.0%

GDP

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-31.3%

GDP

4.4%

CA Metals and Mining

5.8%

CA Market

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

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


Shareholder returns

GDPIndustryMarket
7 Day10.0%2.4%0.6%
30 Day10.0%1.2%0.5%
90 Day10.0%6.6%3.6%
1 Year-31.3%-31.3%5.0%4.4%9.1%5.8%
3 Year-74.4%-74.4%-10.4%-11.9%15.4%5.0%
5 Year57.1%57.1%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

How volatile is Golden Pursuit Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golden Pursuit Resources undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Golden Pursuit Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Golden Pursuit Resources 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 GDP’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 Golden Pursuit Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Golden Pursuit Resources 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 Golden Pursuit Resources 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 Golden Pursuit Resources performed over the past 5 years?

-48.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GDP is currently unprofitable.

Growing Profit Margin: GDP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GDP is unprofitable, and losses have increased over the past 5 years at a rate of -48.9% per year.

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

Earnings vs Industry: GDP 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: GDP's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Golden Pursuit Resources's financial position?


Financial Position Analysis

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

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

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


Balance Sheet

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

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

Forecast Cash Runway: GDP has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.6% each year


Next Steps

Dividend

What is Golden Pursuit Resources'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 GDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

3.8yrs

Average board tenure


CEO

Brian McClay 0

CA$90,000

Compensation

Mr. Brian Anthony McClay serves as the President and Chief Executive Officer at Golden Pursuit Resources Ltd.(formerly, Silver Pursuit Resources Limited). Mr. McClay served as Advisor to Project Management ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD67.91K) is below average for companies of similar size in the Canadian market ($USD155.16K).

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


Board Members

NamePositionTenureCompensationOwnership
Brian McClay
President0yrsCA$90.00k13.52% CA$233.3k
Peter Watson
CFO, Secretary & Director16.2yrsno data0.016% CA$275.0
James Greybeck
Chief Geologist & Director1.8yrsno datano data
Thomas Kennedy
Independent Director4.8yrsno datano data
Robert Casaceli
Director1.8yrsno datano data
Walter Marting
Independent Director2.8yrsno datano data

3.8yrs

Average Tenure

69.5yo

Average Age

Experienced Board: GDP's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GDP 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 26.1%.


Top Shareholders

Company Information

Golden Pursuit Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Pursuit Resources Ltd.
  • Ticker: GDP
  • Exchange: TSXV
  • Founded: 1992
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$1.725m
  • Shares outstanding: 31.36m
  • Website: https://www.goldpursuit.ca

Location

  • Golden Pursuit Resources Ltd.
  • 2580 Burrard Street
  • Vancouver
  • British Columbia
  • V6J 3J7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GDPTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 1994
FPVT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1994

Biography

Golden Pursuit Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties, primarily precious metals in Nevada. The company was formerly known as Silver Pursuit Resources Ltd. and changed its name to Golden Pursuit Resources Ltd. in June 2018. Golden Pursuit Resources Ltd. was founded in 1992 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:43
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.