Goldsource Mines Inc., an exploration stage company, engages in exploration and development of resource properties in Canada and Guyana. More Details
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Goldsource Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GXS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: GXS's weekly volatility (8%) has been stable over the past year.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: GXS underperformed the Canadian Metals and Mining industry which returned 11.8% over the past year.
Return vs Market: GXS underperformed the Canadian Market which returned 36.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Goldsource Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Goldsource Mines undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GXS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GXS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GXS is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.
PE vs Market: GXS 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 GXS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GXS is overvalued based on its PB Ratio (4.5x) compared to the CA Metals and Mining industry average (2.9x).
How is Goldsource Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Goldsource Mines 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.
How has Goldsource Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GXS is currently unprofitable.
Growing Profit Margin: GXS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GXS is unprofitable, and losses have increased over the past 5 years at a rate of 13.6% per year.
Accelerating Growth: Unable to compare GXS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GXS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (214.7%).
Return on Equity
High ROE: GXS has a negative Return on Equity (-89.62%), as it is currently unprofitable.
How is Goldsource Mines's financial position?
Financial Position Analysis
Short Term Liabilities: GXS's short term assets (CA$3.8M) exceed its short term liabilities (CA$436.4K).
Long Term Liabilities: GXS's short term assets (CA$3.8M) exceed its long term liabilities (CA$411.1K).
Debt to Equity History and Analysis
Debt Level: GXS is debt free.
Reducing Debt: GXS has no debt compared to 5 years ago when its debt to equity ratio was 9.3%.
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: GXS has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GXS is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.
What is Goldsource Mines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GXS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GXS'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 GXS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GXS'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 GXS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Steve Parsons, P.Eng serves as the Chief Executive Officer of Goldsource Mines Inc. since November 13, 2020. He served as a Director and Senior Gold Mining Analyst at National Bank Financial, Inc., Res...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD181.08K) is about average for companies of similar size in the Canadian market ($USD159.50K).
Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.
Experienced Management: GXS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: GXS's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GXS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39.5%.
Goldsource Mines Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Goldsource Mines Inc.
- Ticker: GXS
- Exchange: TSXV
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$60.656m
- Shares outstanding: 52.29m
- Website: https://www.goldsourcemines.com
- Goldsource Mines Inc.
- 570 Granville Street
- Suite 501
- British Columbia
- V6C 3P1
Goldsource Mines Inc., an exploration stage company, engages in exploration and development of resource properties in Canada and Guyana. It owns a 100% interest in the Eagle Mountain gold project that cove...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/24 13:29|
|End of Day Share Price||2021/06/23 00:00|
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.