TSXV:SGC

Stock Analysis Report

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Executive Summary

Solstice Gold Corp. engages in the exploration of mineral resource properties in Canada.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

37.5%

SGC

-3.8%

CA Metals and Mining

2.0%

CA Market


1 Year Return

-64.5%

SGC

36.5%

CA Metals and Mining

-11.4%

CA Market

Return vs Industry: SGC underperformed the Canadian Metals and Mining industry which returned 40.8% over the past year.

Return vs Market: SGC underperformed the Canadian Market which returned -12% over the past year.


Shareholder returns

SGCIndustryMarket
7 Day37.5%-3.8%2.0%
30 Day10.0%4.2%4.1%
90 Day-21.4%28.8%-8.8%
1 Year-64.5%-64.5%37.5%36.5%-8.3%-11.4%
3 Yearn/a20.2%18.1%-0.2%-9.5%
5 Yearn/a57.5%52.9%15.9%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SGC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: SGC 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 SGC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SGC is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.7x).


Next Steps

Future Growth

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

24.2%

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 Solstice 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 Solstice Gold performed over the past 5 years?

-16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SGC is currently unprofitable.

Growing Profit Margin: SGC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SGC is unprofitable, and losses have increased over the past 5 years at a rate of -16.3% per year.

Accelerating Growth: Unable to compare SGC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SGC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (15.5%).


Return on Equity

High ROE: SGC has a negative Return on Equity (-3.85%), as it is currently unprofitable.


Next Steps

Financial Health

How is Solstice Gold's financial position?


Financial Position Analysis

Short Term Liabilities: SGC's short term assets (CA$1.3M) exceed its short term liabilities (CA$114.2K).

Long Term Liabilities: SGC's short term assets (CA$1.3M) exceed its long term liabilities (CA$470.5K).


Debt to Equity History and Analysis

Debt Level: SGC is debt free.

Reducing Debt: SGC 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: SGC has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SGC is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SGC'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 SGC'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?

2.6yrs

Average board tenure


CEO

Solstice Gold has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
David Adamson
Executive Chairmanno dataCA$250.00k4.08% CA$223.6k
Martin Tunney
President & Director2yrsCA$210.00k0.80% CA$43.6k
Christopher Neil Taylor
Senior Consultant & Director2.58yrsno data0.43% CA$23.7k
Chad Ulansky
Independent Director2.58yrsno datano data
Michael Leskovec
Independent Director2.58yrsno data0.12% CA$6.8k

2.6yrs

Average Tenure

43yo

Average Age

Experienced Board: SGC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SGC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Solstice Gold Corp.
  • Ticker: SGC
  • Exchange: TSXV
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$5.474m
  • Shares outstanding: 99.53m
  • Website: https://www.solsticegold.com

Location

  • Solstice Gold Corp.
  • 800 West Pender Street
  • Suite 1020
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGCTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2018

Biography

Solstice Gold Corp. engages in the exploration of mineral resource properties in Canada. The company explores for gold and diamond deposits. It holds 100% interest in the Kahuna gold project covering 928 square kilometers located near Rankin Inlet, Nunavut, as well as other rights covering an adjacent 805 square kilometers. The company was formerly known as Dunnedin Gold Inc., and changed its name to Solstice Gold Corp. in September 2017. Solstice Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 06:35
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.