TSXV:GOG

Stock Analysis Report

Golden Tag Resources

Executive Summary

Golden Tag Resources Ltd., a mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.3%

GOG

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

10.0%

GOG

5.2%

CA Metals and Mining

4.7%

CA Market

Return vs Industry: GOG exceeded the Canadian Metals and Mining industry which returned 5.2% over the past year.

Return vs Market: GOG exceeded the Canadian Market which returned 4.7% over the past year.


Shareholder returns

GOGIndustryMarket
7 Day-8.3%4.7%0.1%
30 Day-26.7%4.2%0.8%
90 Day22.2%15.2%3.7%
1 Year10.0%10.0%5.8%5.2%7.9%4.7%
3 Year-8.3%-8.3%-2.4%-4.0%17.9%7.3%
5 Year57.1%57.1%25.6%22.0%33.8%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GOG is overvalued based on its PB Ratio (3.6x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

15.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOG is currently unprofitable.

Growing Profit Margin: GOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GOG is unprofitable, but has reduced losses over the past 5 years at a rate of 15.7% per year.

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

Earnings vs Industry: GOG 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: GOG has a negative Return on Equity (-29.96%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Golden Tag Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GOG's short term assets (CA$1.6M) exceed its short term liabilities (CA$55.0K).

Long Term Liabilities: GOG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GOG is debt free.

Reducing Debt: GOG has not had any debt for past 5 years.


Balance Sheet

Inventory Level: GOG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GOG'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: GOG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GOG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -10.5% each year


Next Steps

Dividend

What is Golden Tag Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.2yrs

Average management tenure


CEO

J. Robbins 0

2.2yrs

Tenure

CA$36,500

Compensation

Mr. J. Bruce Robbins is Chief Executive Officer and Director of Golden Tag Resources Ltd since 2018. Mr. Robbins had been an Interim Chief Executive Officer of Golden Tag Resources Ltd. from December 20, 2 ...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD27.62K) is below average for companies of similar size in the Canadian market ($USD154.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
J. Robbins
CEO & Director2.2yrsCA$36.50k0.66% CA$40.1k
Marc Carrier
President30.1yrsCA$145.00k2.72% CA$164.1k
David Rigg
Technical Adviser & Director17.1yrsno data0.89% CA$53.6k

2.2yrs

Average Tenure

Experienced Management: GOG's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Robbins
CEO & Director2.2yrsCA$36.50k0.66% CA$40.1k
Marc Carrier
President30.1yrsCA$145.00k2.72% CA$164.1k
David Rigg
Technical Adviser & Director17.1yrsno data0.89% CA$53.6k
Chad Williams
Chairman of the Board0.4yrsno datano data
Talal Chehab
Independent Director3.7yrsno data0.048% CA$2.9k
Jamie Levy
Independent Director7.6yrsno data0.68% CA$41.3k

12.3yrs

Average Tenure

Experienced Board: GOG's board of directors are seasoned and experienced ( 12.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Golden Tag Resources Ltd.
  • Ticker: GOG
  • Exchange: TSXV
  • Founded: 1980
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$6.039m
  • Shares outstanding: 109.81m
  • Website: https://www.goldentag.ca

Location

  • Golden Tag Resources Ltd.
  • 3608 St-Charles Boulevard
  • Suite 16
  • Kirkland
  • Quebec
  • H9H 3C3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GOGTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
GTAG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Golden Tag Resources Ltd., a mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It focuses on gold, silver, and base metal projects. The company holds a 100% interest in the San Diego property that consists of four mining concessions covering an area of 91.65 hectares located in Durango State, Mexico. Golden Tag Resources Ltd. was incorporated in 1980 and is headquartered in Kirkland, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:36
End of Day Share Price2020/02/18 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.