Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America.
Mediocre balance sheet and overvalued.
Share Price & News
How has Independence Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGO's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: IGO underperformed the Canadian Metals and Mining industry which returned 28.6% over the past year.
Return vs Market: IGO underperformed the Canadian Market which returned -10.3% over the past year.
Price Volatility Vs. Market
How volatile is Independence Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Much Of Independence Gold Corp. (CVE:IGO) Do Insiders Own?
3 months ago | Simply Wall StWill Independence Gold (CVE:IGO) Spend Its Cash Wisely?
4 months ago | Simply Wall StCould The Independence Gold Corp. (CVE:IGO) Ownership Structure Tell Us Something Useful?
Is Independence Gold 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 IGO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IGO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IGO is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: IGO 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 IGO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IGO is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (1.8x).
How is Independence Gold 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 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 SimplyWall St do have past financial data.
- Take a look at our analysis of IGO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Independence Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Independence Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGO is currently unprofitable.
Growing Profit Margin: IGO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IGO is unprofitable, but has reduced losses over the past 5 years at a rate of 5.5% per year.
Accelerating Growth: Unable to compare IGO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IGO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).
Return on Equity
High ROE: IGO has a negative Return on Equity (-11.86%), as it is currently unprofitable.
How is Independence Gold's financial position?
Financial Position Analysis
Short Term Liabilities: IGO's short term assets (CA$715.5K) exceed its short term liabilities (CA$270.8K).
Long Term Liabilities: IGO's short term assets (CA$715.5K) do not cover its long term liabilities (CA$769.4K).
Debt to Equity History and Analysis
Debt Level: IGO is debt free.
Reducing Debt: IGO had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IGO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IGO has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.8% each year.
What is Independence Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IGO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Randy Turner (70yo)
Mr. Randy Christopher Turner is the Chief Executive Officer and President of Independence Gold Corp. since March 7, 2017 and 2019 respectively and its Director since January 11, 2011. He served as the Pres ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD75.60K) is below average for companies of similar size in the Canadian market ($USD166.01K).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.5yrs||CA$72.00k||no data|
|4.17yrs||no data||no data|
Experienced Management: IGO's management team is considered experienced (2.9 years average tenure).
|Independent Director||3.33yrs||CA$6.00k||no data|
|Independent Director||8.58yrs||CA$9.00k||1.26% CA$39.2k|
|Independent Director||2.58yrs||CA$6.00k||no data|
|Independent Director||8.58yrs||CA$9.00k||0.12% CA$3.7k|
|Independent Director||8.58yrs||CA$9.00k||0.46% CA$14.3k|
Experienced Board: IGO's board of directors are considered experienced (8.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Independence Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Independence Gold Corp.
- Ticker: IGO
- Exchange: TSXV
- Founded: 2011
- Industry: Precious Metals and Minerals
- Sector: Materials
- Market Cap: CA$3.107m
- Shares outstanding: 56.49m
- Website: https://www.ingold.ca
- Independence Gold Corp.
- 625 Howe Street
- Suite 1020
- British Columbia
- V6C 2T6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IGO||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Dec 2011|
|IEGC.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 2011|
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. It holds three exploration projects in central British Columbia and the Yukon Territory. The company holds 100% interest in the 3Ts Project comprising fifteen mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district, Yukon. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 04:07|
|End of Day Share Price||2020/06/03 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.