TSXV:GQC

Stock Analysis Report

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Executive Summary

Goldquest Mining Corp., together with its subsidiaries, identifies, acquires, and explores for mineral properties in the Dominican Republic.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.1%

GQC

-5.0%

CA Metals and Mining

3.4%

CA Market


1 Year Return

55.0%

GQC

38.7%

CA Metals and Mining

-11.0%

CA Market

Return vs Industry: GQC exceeded the Canadian Metals and Mining industry which returned 38.7% over the past year.

Return vs Market: GQC exceeded the Canadian Market which returned -11% over the past year.


Shareholder returns

GQCIndustryMarket
7 Day-3.1%-5.0%3.4%
30 Day-8.8%0.9%2.2%
90 Day55.0%27.0%-7.8%
1 Year55.0%55.0%39.7%38.7%-7.9%-11.0%
3 Year-63.1%-63.1%19.7%17.6%0.1%-9.2%
5 Year3.3%3.3%54.2%49.9%15.3%-1.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GQC is overvalued based on its PB Ratio (2.4x) compared to the CA Metals and Mining industry average (1.7x).


Next Steps

Future Growth

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

23.7%

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 Goldquest 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 Goldquest Mining performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GQC is currently unprofitable.

Growing Profit Margin: GQC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GQC is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.

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

Earnings vs Industry: GQC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (15.5%).


Return on Equity

High ROE: GQC has a negative Return on Equity (-11.73%), as it is currently unprofitable.


Next Steps

Financial Health

How is Goldquest Mining's financial position?


Financial Position Analysis

Short Term Liabilities: GQC's short term assets (CA$17.0M) exceed its short term liabilities (CA$467.6K).

Long Term Liabilities: GQC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GQC is debt free.

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


Balance Sheet


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: GQC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GQC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 7.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

9.7yrs

Average management tenure


CEO

Dave Massola (59yo)

1.33yrs

Tenure

CA$115,868

Compensation

Mr. David W. Massola, also known as Dave, B.Sc. (Acc.) has been Chief Executive Officer at GoldQuest Mining Corporation since January 15, 2019. Mr. Massola served as Vice President of Corporate Development ...


Leadership Team

NamePositionTenureCompensationOwnership
David Massola
Chief Executive Officer1.33yrsCA$115.87k0.097% CA$37.5k
Paul Robertson
Chief Financial Officer9.67yrsCA$151.88k0.24% CA$92.7k
David Hall
Co-Founderno dataCA$56.21kno data
James Stephenson
Legal Counselno datano datano data
Laara Shaffer
Corporate Secretary13.17yrsno datano data

9.7yrs

Average Tenure

60yo

Average Age

Experienced Management: GQC's management team is seasoned and experienced (9.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Fisher
Non-Executive Chairman9.17yrsCA$748.63k0.74% CA$286.0k
Florian Siegfried
Independent Director8.92yrsCA$48.00k0.48% CA$184.9k
Patrick Michaels
Independent Director8.92yrsCA$48.00k0.37% CA$142.5k
Julio Espaillat
Director9.08yrsCA$40.00k0.14% CA$54.0k
Frank Balint
Independent Director7yrsCA$48.00k0.19% CA$75.0k

8.9yrs

Average Tenure

61yo

Average Age

Experienced Board: GQC's board of directors are considered experienced (8.9 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Goldquest Mining Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldquest Mining Corp.
  • Ticker: GQC
  • Exchange: TSXV
  • Founded: 1989
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$38.560m
  • Shares outstanding: 257.07m
  • Website: https://www.goldquestcorp.com

Location

  • Goldquest Mining Corp.
  • 133 Richmond Street West
  • Suite 501
  • Toronto
  • Ontario
  • M5H 2L3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GQCTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2004
M1WDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2004
GDQM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2004

Biography

Goldquest Mining Corp., together with its subsidiaries, identifies, acquires, and explores for mineral properties in the Dominican Republic. The company explores for gold, copper, silver, and zinc deposits. It primarily owns a 100% interest in the Romero project comprising two mineral deposits covering an area of 3,997 hectares located to the south of the Central Cordillera of Hispaniola; and Tireo property, including 14 concessions totaling 20,076 hectares located in the province of San Juan de la Maguana, the Dominican Republic. Goldquest Mining Corp. was incorporated in 1989 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 02:17
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.