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Independence Gold

TSXV:IGO
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGO
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Independence Gold has significant price volatility in the past 3 months.
IGO Share Price and Events
7 Day Returns
40%
TSXV:IGO
-3.3%
CA Metals and Mining
-1.2%
CA Market
1 Year Returns
-22.2%
TSXV:IGO
-16.8%
CA Metals and Mining
-1.9%
CA Market
IGO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Independence Gold (IGO) 40% 7.7% 0% -22.2% -44% -46.2%
CA Metals and Mining -3.3% -7% -11.7% -16.8% -14.5% -22.8%
CA Market -1.2% -2.8% 0.1% -1.9% 10.6% 4.2%
1 Year Return vs Industry and Market
  • IGO underperformed the Metals and Mining industry which returned -16.8% over the past year.
  • IGO underperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
IGO
Industry
5yr Volatility vs Market

Value

 Is Independence Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Independence Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.07.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Independence Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Independence Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:IGO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.04
TSXV:IGO Share Price ** TSXV (2019-05-24) in CAD CA$0.07
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 12.38x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Independence Gold.

TSXV:IGO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:IGO Share Price ÷ EPS (both in CAD)

= 0.07 ÷ -0.04

-1.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Independence Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Independence Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Independence Gold's expected growth come at a high price?
Raw Data
TSXV:IGO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.57x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Independence Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Independence Gold's assets?
Raw Data
TSXV:IGO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.23
TSXV:IGO Share Price * TSXV (2019-05-24) in CAD CA$0.07
Canada Metals and Mining Industry PB Ratio Median Figure of 1,088 Publicly-Listed Metals and Mining Companies 1.26x
Canada Market PB Ratio Median Figure of 2,402 Publicly-Listed Companies 1.41x
TSXV:IGO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:IGO Share Price ÷ Book Value per Share (both in CAD)

= 0.07 ÷ 0.23

0.31x

* Primary Listing of Independence Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Independence Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Independence Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Independence Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Independence 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Independence Gold expected to grow at an attractive rate?
  • Unable to compare Independence Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Independence Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Independence Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:IGO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:IGO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:IGO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -2
2018-09-30 -2 -2
2018-06-30 -2 -2
2018-03-31 -2 -2
2017-12-31 -2 -3
2017-09-30 -2 -3
2017-06-30 -2 -3
2017-03-31 -3 -3
2016-12-31 -2 -3
2016-09-30 -2 -3
2016-06-30 -2 -3
2016-03-31 -2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Independence Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Independence Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:IGO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Independence Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:IGO Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.04
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.05
2017-09-30 -0.05
2017-06-30 -0.05
2017-03-31 -0.06
2016-12-31 -0.05
2016-09-30 -0.07
2016-06-30 -0.07
2016-03-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Independence Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Independence Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Independence Gold's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Independence Gold's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Independence Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Independence Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Independence Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Independence Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Independence Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Independence Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Independence Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Independence Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Independence Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:IGO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -2.24 0.90
2018-09-30 -2.19 0.89
2018-06-30 -2.08 2.03
2018-03-31 -2.19 2.13
2017-12-31 -2.63 2.59
2017-09-30 -2.89 2.69
2017-06-30 -2.77 2.48
2017-03-31 -2.92 2.70
2016-12-31 -2.61 2.37
2016-09-30 -3.24 2.21
2016-06-30 -2.93 1.78
2016-03-31 -3.18 2.01
2015-12-31 -3.15 2.01
2015-09-30 -2.25 1.78
2015-06-30 -1.70 1.47
2015-03-31 -1.37 1.39
2014-12-31 -1.44 1.51
2014-09-30 -2.37 1.89
2014-06-30 -2.44 1.96
2014-03-31 -2.40 1.69
2013-12-31 -3.09 2.34
2013-09-30 -3.16 2.92
2013-06-30 -4.31 3.86
2013-03-31 -5.33 4.55
2012-12-31 -5.44 4.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Independence Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Independence Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Independence Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Independence Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Independence Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Independence Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Independence Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Independence Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Independence Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Independence Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Independence Gold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Independence Gold Company Filings, last reported 4 months ago.

TSXV:IGO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.77 0.00 2.30
2018-09-30 13.19 0.00 2.14
2018-06-30 14.57 0.00 2.34
2018-03-31 14.85 0.00 2.64
2017-12-31 15.01 0.00 2.86
2017-09-30 15.31 0.00 3.78
2017-06-30 16.58 0.00 4.58
2017-03-31 16.97 0.00 4.94
2016-12-31 17.16 0.00 5.04
2016-09-30 17.80 0.00 5.57
2016-06-30 18.79 0.00 6.76
2016-03-31 17.33 0.00 5.37
2015-12-31 17.61 0.00 5.70
2015-09-30 18.88 0.00 6.27
2015-06-30 19.71 0.00 7.28
2015-03-31 20.48 0.00 7.51
2014-12-31 20.73 0.00 7.78
2014-09-30 21.10 0.00 7.64
2014-06-30 21.39 0.00 8.11
2014-03-31 21.85 0.00 8.44
2013-12-31 22.17 0.00 8.79
2013-09-30 23.39 0.00 9.18
2013-06-30 23.71 1.00 10.65
2013-03-31 24.13 1.00 11.44
2012-12-31 25.14 1.00 12.24
  • Independence Gold has no debt.
  • Independence Gold had no debt 5 years ago.
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.

  • Independence Gold has sufficient cash runway for 2.5 years based on current free cash flow.
  • Independence Gold has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of -11.9% each year.
X
Financial health checks
We assess Independence Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Independence Gold has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Independence Gold dividends.
If you bought CA$2,000 of Independence Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Independence Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Independence Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:IGO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Independence Gold has not reported any payouts.
  • Unable to verify if Independence Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Independence Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Independence Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Independence Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Independence Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Independence Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Randy Turner
COMPENSATION CA$263,501
AGE 69
TENURE AS CEO 1.8 years
CEO Bio

Mr. Randy Christopher Turner is a Professional Geologist with over 40 years of experience in Canadian and International mineral exploration, business and finance. He is President and Chief Executive Officer of Canterra Minerals Corporation and has been its Director since March 30, 1999. Mr. Turner spent 20 years with Esso Minerals Canada and AGIP Mining Ltd. exploring for uranium, gold and base metals. As President of Trimin Resources Ltd. he was involved in the development and sale of the McIlvenna Bay copper/zinc deposit in Saskatchewan. Mr. Turner’s notable career achievements include guiding Winspear Diamonds Inc. from the discovery of the Snap Lake diamond deposit in northern Canada through to its sale to De Beers Mining.

CEO Compensation
  • Randy's compensation has increased whilst company is loss making.
  • Randy's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Independence Gold management team in years:

1.8
Average Tenure
  • The average tenure for the Independence Gold management team is less than 2 years, this suggests a new team.
Management Team

Randy Turner

TITLE
CEO & Director
COMPENSATION
CA$264K
AGE
69
TENURE
1.8 yrs

Kendra Johnston

TITLE
President & Director
COMPENSATION
CA$10K

Harry Chan

TITLE
Chief Financial Officer
COMPENSATION
CA$72K
TENURE
1.4 yrs

David Pawliuk

TITLE
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Independence Gold board of directors in years:

2.3
Average Tenure
64
Average Age
  • The average tenure for the Independence Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Randy Turner

TITLE
CEO & Director
COMPENSATION
CA$264K
AGE
69
TENURE
1.4 yrs

Kendra Johnston

TITLE
President & Director
COMPENSATION
CA$10K
TENURE
1.5 yrs

Louis Montpellier

TITLE
Director
COMPENSATION
CA$44K
AGE
64
TENURE
7.5 yrs

John McDonald

TITLE
Director
COMPENSATION
CA$44K
TENURE
7.5 yrs

Mike McPhie

TITLE
Director
COMPENSATION
CA$172K
AGE
48
TENURE
7.5 yrs

Terry Salman

TITLE
Director
COMPENSATION
CA$51K
TENURE
2.3 yrs

Darcy Marud

TITLE
Director
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Independence Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Independence Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Risk Should You Expect For Independence Gold Corp (CVE:IGO)?

If you are looking to invest in Independence Gold Corp’s (CVE:IGO), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

Independence Gold Corp (CVE:IGO): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Therefore, this is a type of risk which is associated with higher beta. … I examine IGO’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

Simply Wall St -

What Does Independence Gold Corp's (CVE:IGO) Ownership Structure Look Like?

In this article, I'm going to take a look at Independence Gold Corp’s (TSXV:IGO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Independence Gold TSXV:IGO Ownership_summary Apr 13th 18 Insider Ownership Another important group of shareholders are company insiders. … Public Company Ownership Potential investors in IGO should also look at another important group of investors: other public companies, with a stake of 19.41%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Basic Materials Industry Trends And Its Impact On Independence Gold Corp (CVE:IGO)

Independence Gold Corp (TSXV:IGO), a CA$6.45M small-cap, operates in the basic materials industry which supplies materials for construction. … Below, I will examine the sector growth prospects, and also determine whether Independence Gold is a laggard or leader relative to its basic materials sector peers. … View our latest analysis for Independence Gold What’s the catalyst for Independence Gold's sector growth?

Simply Wall St -

Before You Buy Independence Gold Corp's (CVE:IGO), You Should Consider This

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 1.67, Independence Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of CA$6.45M, IGO falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

Simply Wall St -

Should You Be Concerned About Independence Gold Corp's (CVE:IGO) Shareholders?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for Independence Gold TSXV:IGO Ownership_summary Dec 22nd 17 Insider Ownership Another important group of shareholders are company insiders. … General Public Ownership A substantial ownership of 75.10% in IGO is held by the general public.

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Is It Too Late To Buy Independence Gold Corp (CVE:IGO)?

I find that Independence Gold’s ratio of 0.4x is trading slightly below its industry peers’ ratio of 1.1x, which means if you buy Independence Gold today, you’d be paying a relatively fair price for it. … And if you believe Independence Gold should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … Independence Gold’s future growth appears to have been factored into the current share price, with shares trading around its fair value.

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Company Info

Description

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising 14 mineral claims covering approximately 4,934 hectares located in the Nechako Plateau region of central British Columbia. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district; the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district; the Henderson property with 742 quartz mining claims covering an area of approximately 15,500 hectares located in the Dawson mining district; the Stinger property covering 4,384 hectares located west of Dawson City; and the Wolf Creek property covering 373 hectares situated southwest of Dawson City of the Yukon territory. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

Details
Name: Independence Gold Corp.
IGO
Exchange: TSXV
Founded: 2011
CA$3,940,327
56,290,392
Website: http://www.ingold.ca
Address: Independence Gold Corp.
625 Howe Street,
Suite 1020,
Vancouver,
British Columbia, V6C 2T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV IGO Common Shares TSX Venture Exchange CA CAD 29. Dec 2011
OTCPK IEGC.F Common Shares Pink Sheets LLC US USD 29. Dec 2011
Number of employees
Current staff
Staff numbers
0
Independence Gold employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:28
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.