Stock Analysis

Retail investors are Tudor Gold Corp.'s (CVE:TUD) biggest owners and were rewarded after market cap rose by CA$33m last week

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Key Insights

  • Significant control over Tudor Gold by retail investors implies that the general public has more power to influence management and governance-related decisions
  • 50% of the business is held by the top 10 shareholders
  • 18% of Tudor Gold is held by insiders

If you want to know who really controls Tudor Gold Corp. (CVE:TUD), then you'll have to look at the makeup of its share registry. With 50% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Clearly, retail investors benefitted the most after the company's market cap rose by CA$33m last week.

Let's take a closer look to see what the different types of shareholders can tell us about Tudor Gold.

Check out our latest analysis for Tudor Gold

TSXV:TUD Ownership Breakdown March 16th 2023

What Does The Institutional Ownership Tell Us About Tudor Gold?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

Institutions have a very small stake in Tudor Gold. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. So if the company itself can improve over time, we may well see more institutional buyers in the future. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

TSXV:TUD Earnings and Revenue Growth March 16th 2023

Tudor Gold is not owned by hedge funds. Our data shows that Tudor Holdings Ltd is the largest shareholder with 26% of shares outstanding. With 18% and 3.0% of the shares outstanding respectively, Eric Sprott and Plutos Vermögensverwaltung are the second and third largest shareholders.

Our studies suggest that the top 10 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.

Insider Ownership Of Tudor Gold

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that insiders maintain a significant holding in Tudor Gold Corp.. It has a market capitalization of just CA$265m, and insiders have CA$48m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a substantial 50% stake in Tudor Gold, suggesting it is a fairly popular stock. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

Private Company Ownership

It seems that Private Companies own 29%, of the Tudor Gold stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Tudor Gold (3 can't be ignored!) that you should be aware of before investing here.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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