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LAB

Labrador Gold TSXV:LAB Stock Report

Last Price

CA$0.41

Market Cap

CA$70.3m

7D

12.2%

1Y

-74.1%

Updated

01 Jul, 2022

Data

Company Financials +
LAB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

LAB Stock Overview

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

Labrador Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Labrador Gold
Historical stock prices
Current Share PriceCA$0.41
52 Week HighCA$1.66
52 Week LowCA$0.32
Beta1.77
1 Month Change-14.43%
3 Month Change-41.55%
1 Year Change-74.06%
3 Year Change97.62%
5 Year Change937.50%
Change since IPO-98.02%

Recent News & Updates

Shareholder Returns

LABCA Metals and MiningCA Market
7D12.2%-5.8%-0.8%
1Y-74.1%-18.2%-5.0%

Return vs Industry: LAB underperformed the Canadian Metals and Mining industry which returned -17.8% over the past year.

Return vs Market: LAB underperformed the Canadian Market which returned -4.7% over the past year.

Price Volatility

Is LAB's price volatile compared to industry and market?
LAB volatility
LAB Average Weekly Movement12.4%
Metals and Mining Industry Average Movement11.0%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: LAB is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: LAB's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aRoger Mosshttps://www.labradorgold.com

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 that covers an area of 1,598-hectares located in Chapleau, Ontario. It has an option to acquire 100% interest in the Ashuanipi property consisting of 1,564 Claims in 10 claim blocks covering an area of approximately 391 square kilometers located in Labrador, Quebec; the Kingsway property consisting of 264 claims in 3 licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in 5 licenses covering 249 square kilometers.

Labrador Gold Fundamentals Summary

How do Labrador Gold's earnings and revenue compare to its market cap?
LAB fundamental statistics
Market CapCA$70.34m
Earnings (TTM)-CA$1.81m
Revenue (TTM)n/a

0.0x

P/S Ratio

-38.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAB income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$1.81m
Earnings-CA$1.81m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did LAB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is LAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LAB?

Other financial metrics that can be useful for relative valuation.

LAB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-33.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does LAB's PB Ratio compare to its peers?

LAB PB Ratio vs Peers
The above table shows the PB ratio for LAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.3x
SIC Sokoman Minerals
3.5xn/aCA$50.3m
NHK Nighthawk Gold
2.2xn/aCA$51.6m
SPA Spanish Mountain Gold
0.6xn/aCA$52.0m
MAU Montage Gold
3x26.4%CA$59.0m
LAB Labrador Gold
1.5x-147.8%CA$70.3m

Price-To-Book vs Peers: LAB is good value based on its Price-To-Book Ratio (1.5x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does LAB's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: LAB is good value based on its Price-To-Book Ratio (1.5x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

What is LAB's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LAB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LAB's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate LAB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LAB's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LAB's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-147.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: LAB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: LAB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if LAB's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: LAB is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LAB's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Labrador Gold performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-47.7%

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 47.7% 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 (-6%).


Return on Equity

High ROE: LAB has a negative Return on Equity (-3.94%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Labrador Gold's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: LAB's short term assets (CA$28.0M) exceed its short term liabilities (CA$1.1M).

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


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LAB has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 46% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate LAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LAB'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 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LAB has not reported any payouts.


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Management

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

2.1yrs

Average management tenure


CEO

Roger Moss (58 yo)

25.42yrs

Tenure

CA$455,225

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: Insufficient data to establish whether Roger's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Roger's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: LAB's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: LAB's board of directors are considered experienced (5.5 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 12.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Labrador Gold Corp.
  • Ticker: LAB
  • Exchange: TSXV
  • Founded: 1987
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$70.345m
  • Shares outstanding: 169.50m
  • Website: https://www.labradorgold.com

Location

  • Labrador Gold Corp.
  • The Canadian Venture Building
  • 82 Richmond Street East
  • Toronto
  • Ontario
  • M5C 1P1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.