TSXV:PGC

Stock Analysis Report

Executive Summary

Plato Gold Corp., a junior exploration company, engages in the exploration, evaluation, and development of gold and rare mineral properties in Canada and Argentina.

Rewards

Became profitable this year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (CA$5M)

Highly volatile share price over past 3 months



Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Plato Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PGC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

PGC

0.3%

CA Metals and Mining

1.2%

CA Market


1 Year Return

50.0%

PGC

28.3%

CA Metals and Mining

9.6%

CA Market

Return vs Industry: PGC exceeded the Canadian Metals and Mining industry which returned 27.7% over the past year.

Return vs Market: PGC exceeded the Canadian Market which returned 10.4% over the past year.


Shareholder returns

PGCIndustryMarket
7 Day0%0.3%1.2%
30 Day20.0%3.2%2.6%
90 Day50.0%7.8%6.0%
1 Year50.0%50.0%29.2%28.3%13.1%9.6%
3 Year200.0%200.0%-0.4%-2.2%17.1%6.4%
5 Year500.0%500.0%28.4%24.2%36.1%16.0%

Price Volatility Vs. Market

How volatile is Plato Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

19.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PGC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PGC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PGC is poor value based on its PE Ratio (19.1x) compared to the Metals and Mining industry average (16.7x).

PE vs Market: PGC is poor value based on its PE Ratio (15.9x) compared to the Canadian market (15.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PGC is overvalued based on its PB Ratio (3.7x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.6%

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 Plato 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 Plato Gold performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGC has a high level of non-cash earnings.

Growing Profit Margin: PGC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PGC has become profitable over the past 5 years, growing earnings by 46.5% per year.

Accelerating Growth: PGC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PGC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: PGC's Return on Equity (21.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Plato Gold's financial position?


Financial Position Analysis

Short Term Liabilities: PGC's short term assets (CA$377.6K) do not cover its short term liabilities (CA$650.6K).

Long Term Liabilities: PGC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PGC is debt free.

Reducing Debt: PGC has no debt compared to 5 years ago when its debt to equity ratio was 81.9%.

Debt Coverage: PGC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PGC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: PGC has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PGC's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PGC'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 PGC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PGC'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 PGC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

8.7yrs

Average board tenure


CEO

Anthony Cohen (61yo)

14.7yrs

Tenure

CA$139,066

Compensation

Mr. Anthony J. Cohen has been Chief Executive Officer and President at Plato Gold Corporation since May 30, 2005 and also serves as its Chairman of the Board. Mr. Cohen is the Founder of Gulf & Pacific Equ ...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD106.44K) is below average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Anthony's compensation has been consistent with company performance over the past year.


Board Age and Tenure

8.7yrs

Average Tenure

64yo

Average Age

Experienced Board: PGC's board of directors are considered experienced (8.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Anthony Cohen (61yo)

    Chairman

    • Tenure: 14.7yrs
    • Compensation: CA$139.07k
  • Greg K. Wong

    CFO & Company Secretary

    • Tenure: 14.7yrs
    • Compensation: CA$109.47k

Board Members

  • James Cohen

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: CA$11.79k
  • John Paterson (64yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: CA$25.08k
  • Anthony Cohen (61yo)

    Chairman

    • Tenure: 14.7yrs
    • Compensation: CA$139.07k
  • Peter Hubacheck (68yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: CA$34.07k

Company Information

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


Key Information

  • Name: Plato Gold Corp.
  • Ticker: PGC
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$6.406m
  • Shares outstanding: 213.55m
  • Website: https://www.platogold.com

Location

  • Plato Gold Corp.
  • 1240 Bay Street
  • Suite 800
  • Toronto
  • Ontario
  • M5R 2A7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGCTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2003
PTOZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2003

Biography

Plato Gold Corp., a junior exploration company, engages in the exploration, evaluation, and development of gold and rare mineral properties in Canada and Argentina. Its principal property is the Good Hope Niobium project comprising 254 claims, including 227 single cell mining claims and 27 boundary cell mining claims covering approximately 5,100 of area located in Killala Lake Area and Cairngorm Lake Area Township, Ontario. The company is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/17 01:46
End of Day Share Price2020/01/16 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.