TSXV:TNR

Stock Analysis Report

Executive Summary

TNR Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States and Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TNR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-16.7%

TNR

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-37.5%

TNR

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: TNR underperformed the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: TNR underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

TNRIndustryMarket
7 Day-16.7%-6.0%-6.2%
30 Day0%-1.0%-5.0%
90 Day0%4.9%-2.8%
1 Year-37.5%-37.5%2.9%2.2%1.1%-2.0%
3 Year-44.4%-44.4%-2.8%-4.5%10.7%0.6%
5 Year66.7%66.7%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether TNR Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as TNR Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of TNR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through TNR Gold regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.0%

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 TNR 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 TNR Gold performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNR is currently unprofitable.

Growing Profit Margin: TNR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TNR is unprofitable, but has reduced losses over the past 5 years at a rate of 23.2% per year.

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

Earnings vs Industry: TNR 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: TNR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is TNR Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TNR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TNR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TNR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TNR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: TNR has a low level of unsold assets or inventory.

Debt Coverage by Assets: TNR has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: TNR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TNR has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.4yrs

Average management tenure


CEO

Kirill Klip 0

3.1yrs

Tenure

CA$79,000

Compensation

Mr. Kirill Klip, MBA, has been Chief Executive Officer and President at TNR Gold Corp. since January 23, 2017. Mr. Klip served as the President of International Lithium Corp. from March 16, 2012 to January ...


CEO Compensation Analysis

Compensation vs Market: Kirill's total compensation ($USD59.39K) is below average for companies of similar size in the Canadian market ($USD156.06K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kirill Klip
Executive Chairman3.1yrsCA$79.00k19.28% CA$757.0k
Maurice Brooks
Chief Financial Officer2.8yrsCA$23.00kno data
Natalia Lobanova
Head of strategic Communications1.4yrsCA$26.17kno data
Nancy La Couvée
Corporate Secretary2.1yrsno datano data

2.4yrs

Average Tenure

Experienced Management: TNR's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kirill Klip
Executive Chairman3.1yrsCA$79.00k19.28% CA$757.0k
Natalia Lobanova
Head of strategic Communications1.4yrsCA$26.17kno data
Gregory Johnson
Independent Director7.3yrsCA$11.33k0.070% CA$2.8k
John Davies
Independent Director1.4yrsCA$6.33k0.10% CA$4.1k
Nicholas Winton
Member of Advisory Board1.2yrsno datano data
Bilal Shirazi
Member of Advisory Board0.3yrsno datano data

1.4yrs

Average Tenure

Experienced Board: TNR's board of directors are not considered experienced ( 1.4 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: 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 31.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: TNR Gold Corp.
  • Ticker: TNR
  • Exchange: TSXV
  • Founded: 1988
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$3.925m
  • Shares outstanding: 157.02m
  • Website: https://www.tnrgoldcorp.com

Location

  • TNR Gold Corp.
  • 1111 Melville Street
  • Suite 1100
  • Vancouver
  • British Columbia
  • V6E 3V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TNRTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1991
TNWDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1991
TRRX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1991

Biography

TNR Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. It primarily explores for gold, copper, and lithium deposits. The company holds a 90% interest in the Shotgun gold project in Alaska. It also holds a 0.36% net smelter returns royalty on the Los Azules copper project located in San Juan province, Argentina; and a 1.8% net smelter returns royalty on the Mariana Lithium property in Argentina. TNR Gold Corp. was founded in 1988 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 Analysis2020/02/28 00:10
End of Day Share Price2020/02/27 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.