TSXV:LAB

Stock Analysis Report

Executive Summary

Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas.


Snowflake Analysis

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.


Market Performance


7 Day Return

-3.8%

LAB

-1.5%

CA Metals and Mining

-3.8%

CA Market


1 Year Return

-34.2%

LAB

4.9%

CA Metals and Mining

0.5%

CA Market

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.


Shareholder returns

LABIndustryMarket
7 Day-3.8%-1.5%-3.8%
30 Day-10.7%3.2%-2.0%
90 Day13.6%10.2%-0.3%
1 Year-34.2%-34.2%5.6%4.9%3.7%0.5%
3 Year31.6%31.6%-1.9%-3.6%13.6%3.4%
5 Year78.6%78.6%28.2%24.6%30.2%11.2%

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

Valuation

Is Labrador Gold undervalued compared to its fair value and its price relative to the market?

1.08x

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).


Next Steps

Future Growth

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

13.7%

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.


Next Steps

Past Performance

How has Labrador Gold performed over the past 5 years?

-43.5%

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


Next Steps

Financial Health

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.


Balance Sheet

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

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.


Next Steps

Management

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

4.0yrs

Average board tenure


CEO

Roger Moss (55yo)

23.1yrs

Tenure

CA$81,600

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Roger Moss
President23.1yrsCA$81.60k3.55% CA$253.0k
James Borland
Independent Director6.1yrsno data0.57% CA$40.8k
Trevor Boyd
Independent Director4yrsno data0.088% CA$6.3k
Leonidas Karabelas
Independent Director2.3yrsno data0.11% CA$7.5k
Kai Hoffmann
Independent Director0.8yrsno data0.088% CA$6.3k

4.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: LAB's board of directors are considered experienced (4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 43.3%.


Top Shareholders

Company Information

Labrador Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Labrador Gold Corp.
  • 326 Rusholme Road
  • Toronto
  • Ontario
  • M6H 2Z5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LABTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 1988
NKOS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1988
2N6DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1988

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:39
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.