TSXV:GTT

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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

Stable Share Price: GTT is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GTT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.7%

GTT

-2.3%

CA Metals and Mining

2.7%

CA Market


1 Year Return

76.6%

GTT

36.5%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: GTT exceeded the Canadian Metals and Mining industry which returned 36.5% over the past year.

Return vs Market: GTT exceeded the Canadian Market which returned 0.5% over the past year.


Shareholder returns

GTTIndustryMarket
7 Day5.7%-2.3%2.7%
30 Day30.7%-5.6%12.7%
90 Day-1.2%-12.7%7.5%
1 Year76.6%76.6%37.7%36.5%4.2%0.5%
3 Year140.6%140.6%42.3%39.3%12.8%1.9%
5 Yearn/a131.8%124.7%49.7%26.8%

Long-Term 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?

19.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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 CA 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

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 (19x) compared to the CA Metals and Mining industry average (2.6x).


Next Steps

Future Growth

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

27.6%

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 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?

-42.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTT is currently unprofitable.

Growing Profit Margin: GTT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GTT is unprofitable, and losses have increased over the past 5 years at a rate of 42% 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 (93.2%).


Return on Equity

High ROE: GTT has a negative Return on Equity (-83.51%), as it is currently unprofitable.


Next Steps

Financial Health

How is GT Gold's financial position?


Financial Position Analysis

Short Term Liabilities: GTT's short term assets (CA$9.9M) exceed its short term liabilities (CA$1.9M).

Long Term Liabilities: GTT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTT is debt free.

Reducing Debt: GTT currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: GTT has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GTT is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GTT'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 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

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Paul Harbidge (50 yo)

1.17yrs

Tenure

CA$1,333,163

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.03M) is above average for companies of similar size in the Canadian market ($USD586.46K).

Compensation vs Earnings: Insufficient data to compare Paul's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ashwath Mehra
Executive Chairman4yrsCA$345.02k10.93%
CA$ 23.2m
Paul Harbidge
President1.17yrsCA$1.33m0.083%
CA$ 176.0k
Shawn Campbell
Chief Financial Officer1yrCA$298.08k0.14%
CA$ 299.8k
Charles Greig
Vice President of Exploration4yrsCA$328.10k0.34%
CA$ 722.4k
Stephen Burleton
Consultant1.17yrsCA$592.89kno data
Michael Skead
Vice President of Project Developmentno dataCA$510.10kno data
Jenni Piette
Head of Investor Relations0.83yrno datano data
Michelle Tanguay
Head of Environment & Community Relations0.25yrno datano data

1.1yrs

Average Tenure

Experienced Management: GTT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ashwath Mehra
Executive Chairman4yrsCA$345.02k10.93%
CA$ 23.2m
Paul Harbidge
President1.17yrsCA$1.33m0.083%
CA$ 176.0k
Adrian Reynolds
Independent Non-Executive Director1.08yrsCA$184.53k0.018%
CA$ 38.5k
John Pallot
Independent Director6.5yrsCA$106.06k0.23%
CA$ 480.7k
Renaud Adams
Independent Director2.42yrsCA$105.05k0.15%
CA$ 315.6k
Charles Tarnocai
Independent Director2.83yrsCA$187.12k0.0092%
CA$ 19.6k
James Rutherford
Lead Independent Director1.08yrsCA$187.03k0.23%
CA$ 488.8k
Dale Finn
Independent Director1.33yrsno datano data
Lana Shipley
Independent Director0.17yrno data0.015%
CA$ 32.6k

1.3yrs

Average Tenure

58yo

Average Age

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


Ownership

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


Insider Trading Volume

Insider Buying: GTT 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 9.7%.


Top Shareholders

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$211.894m
  • Shares outstanding: 127.65m
  • Website: https://www.gtgoldcorp.ca

Location

  • GT Gold Corp.
  • 1100 Melville Street
  • Suite 610
  • Vancouver
  • British Columbia
  • V6E 4A6
  • 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. The company explores for gold, silver, and copper. Its flagship property is the Tatogga pro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:15
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.