TSXV:GTT

Stock Analysis Report

Executive Summary

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-16.3%

GTT

-3.8%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-57.1%

GTT

10.6%

CA Metals and Mining

1.2%

CA Market

Return vs Industry: GTT underperformed the Canadian Metals and Mining industry which returned 10.6% over the past year.

Return vs Market: GTT underperformed the Canadian Market which returned 1.2% over the past year.


Shareholder returns

GTTIndustryMarket
7 Day-16.3%-3.8%0.2%
30 Day-28.7%-4.9%-2.5%
90 Day-30.8%-5.9%-1.5%
1 Year-57.1%-57.1%11.5%10.6%4.7%1.2%
3 Yearn/a-12.5%-14.1%14.0%3.8%
5 Yearn/a5.5%1.5%26.4%8.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate GTT's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate GTT's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: GTT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GTT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GTT is overvalued based on its PB Ratio (6.2x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

45.5%

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 GT 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.


Next Steps

Past Performance

How has GT Gold performed over the past 5 years?

-65.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GTT is unprofitable, and losses have increased over the past 5 years at a rate of -65.3% per year.

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

Earnings vs Industry: GTT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: GTT has a negative Return on Equity (-87.36%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GTT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GTT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is GT Gold's financial position?


Financial Position Analysis

Short Term Liabilities: GTT's short term assets (CA$18.7M) exceeds its short term liabilities (CA$7.9M)

Long Term Liabilities: GTT's short term assets (18.7M) exceeds its long term liabilities (80.4K)


Debt to Equity History and Analysis

Debt Level: GTT is debt free.

Reducing Debt: GTT has no debt compared to 5 years ago when its debt to equity ratio was 748.1%.


Balance Sheet

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

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

Forecast Cash Runway: GTT has sufficient cash runway for 1.042734 years if free cash flow continues to reduce at historical rates of -82.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if GTT'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 GTT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of GT Gold's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Paul Harbidge (49yo)

0.08yrs

Tenure

0

Mr. Paul D. Harbidge serves as President, Chief Executive Officer and Director at GT Gold Corp. since September 03, 2019. Mr. Harbidge was Senior Vice President, Exploration of Goldcorp Incorporated from 2 ...


Management Age and Tenure

0.8yrs

Average Tenure

Experienced Management: GTT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

57yo

Average Age

Experienced Board: GTT's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: GTT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$23,03030 Sep 19
Paul Harbidge
EntityIndividual
Role
Chief Executive Officer
President
Shares25,000
Max PriceCA$0.92
BuyCA$76,31318 Sep 19
Paul Harbidge
EntityIndividual
Role
Chief Executive Officer
President
Shares75,000
Max PriceCA$1.02
BuyCA$23,75010 Sep 19
Charles Greig
EntityIndividual
Shares25,000
Max PriceCA$0.95
BuyCA$35,00322 Dec 18
Charles Greig
EntityIndividual
Shares60,350
Max PriceCA$0.58
BuyCA$20,00027 Nov 18
Stephen Burleton
EntityIndividual
Role
Senior Key Executive
Consultant
Shares25,000
Max PriceCA$0.80
BuyCA$25,75022 Nov 18
Stephen Burleton
EntityIndividual
Role
Senior Key Executive
Consultant
Shares25,000
Max PriceCA$1.03
SellCA$67,34223 Oct 18
Taj Singh
EntityIndividual
Shares37,412
Max PriceCA$1.80

Ownership Breakdown


Management Team

  • Paul Harbidge (49yo)

    President

    • Tenure: 0.08yrs
  • Ashwath Mehra (54yo)

    Executive Chairman

    • Tenure: 2.9yrs
    • Compensation: CA$264.98k
  • Steve Burleton

    Consultant

    • Tenure: 0.08yrs
    • Compensation: CA$652.96k
  • Amandip Singh

    Director of Corporate Development

    • Tenure: 1.8yrs
  • Paul Kania

    Chief Financial Officer

    • Tenure: 1.6yrs
    • Compensation: CA$69.98k

Board Members

  • Adrian Reynolds (65yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • John Pallot (71yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: CA$80.63k
  • Renaud Adams (49yo)

    Independent Director

    • Tenure: 1.3yrs
  • Charles Tarnocai

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: CA$143.78k
  • Paul Harbidge (49yo)

    President

    • Tenure: 0.08yrs
  • Ashwath Mehra (54yo)

    Executive Chairman

    • Tenure: 2.9yrs
    • Compensation: CA$264.98k
  • Jim Rutherford (60yo)

    Independent Non Executive Director

    • Tenure: 0yrs
  • Dale Finn

    Director

    • Tenure: 0.3yrs

Company Information

GT Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GT Gold Corp.
  • Ticker: GTT
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$83.561m
  • Shares outstanding: 116.06m
  • Website: https://www.gtgoldcorp.ca

Location

  • GT Gold Corp.
  • 36 King Street East
  • Suite 400
  • Toronto
  • Ontario
  • M5C 1E5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTTTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2016
GTGD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2016
1JZDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2016

Biography

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, and copper. The company’s flagship property is the Tatogga pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:33
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.