Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas.
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Adequate balance sheet and overvalued.
Share Price & News
How has Labrador Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LAB'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: LAB underperformed the Canadian Metals and Mining industry which returned 4.9% over the past year.
Return vs Market: LAB underperformed the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Labrador Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHere's Why Labrador Gold (CVE:LAB) Must Use Its Cash Wisely
3 months ago | Simply Wall StDo Insiders Own Shares In Labrador Gold Corp. (CVE:LAB)?
5 months ago | Simply Wall StHere's Why Labrador Gold (CVE:LAB) Must Use Its Cash Wisely
Is Labrador 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 LAB's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LAB's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LAB is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: LAB 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 LAB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LAB is good value based on its PB Ratio (1.1x) compared to the CA Metals and Mining industry average (1.5x).
How is Labrador 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 Labrador 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.
- Examine Labrador 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.
- Labrador 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 Labrador Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LAB is currently unprofitable.
Growing Profit Margin: LAB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LAB is unprofitable, and losses have increased over the past 5 years at a rate of -43.5% per year.
Accelerating Growth: Unable to compare LAB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LAB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).
Return on Equity
High ROE: LAB has a negative Return on Equity (-8.6%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Labrador Gold's financial position?
Financial Position Analysis
Short Term Liabilities: LAB's short term assets (CA$468.9K) exceed its short term liabilities (CA$198.3K).
Long Term Liabilities: LAB has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LAB is debt free.
Reducing Debt: LAB has not had any debt for past 5 years.
Inventory Level: LAB has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if LAB'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: LAB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LAB has less than a year of cash runway if free cash flow continues to reduce at historical rates of -59.1% each year
What is Labrador Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate LAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LAB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LAB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LAB'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 LAB'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 board tenure
Roger Moss (55yo)
Dr. Roger Moss, Ph.D., P.Geo., has been Chief Executive Officer at CKR Carbon Corporation since December 14, 2015 and serves its President. Dr. Moss has been Consultant and Technical Advisor of Batero Gold ...
CEO Compensation Analysis
Compensation vs Market: Roger's total compensation ($USD61.41K) is below average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Roger's compensation has increased whilst the company is unprofitable.
|Independent Director||6.1yrs||no data||0.57% CA$40.8k|
|Independent Director||4yrs||no data||0.088% CA$6.3k|
|Independent Director||2.3yrs||no data||0.11% CA$7.5k|
|Independent Director||0.8yrs||no data||0.088% CA$6.3k|
Experienced Board: LAB's board of directors are considered experienced (4 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 43.3%.
Labrador Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Labrador Gold Corp.
- Ticker: LAB
- Exchange: TSXV
- Founded: 1987
- Industry: Gold
- Sector: Materials
- Market Cap: CA$7.130m
- Shares outstanding: 57.04m
- Website: https://www.labradorgold.com
- Labrador Gold Corp.
- 326 Rusholme Road
- M6H 2Z5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LAB||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Dec 1988|
|NKOS.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 1988|
|2N6||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1988|
Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas. The company owns a 100% interest in the Borden Lake property located near Chapleau, Ontario. It also has an option agreement to earn a 100% interest in six claims located to the south of the Borden Lake Extension property. The company was formerly known as Nikos Explorations Ltd. and changed its name to Labrador Gold Corp. in December 2017. Labrador Gold Corp. was incorporated in 1987 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 00:39|
|End of Day Share Price||2020/02/24 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.