TSXV:WGF

Stock Analysis Report

Wescan Goldfields

Executive Summary

Wescan Goldfields Inc. acquires, explores for, and develops mineral properties in Canada.

Snowflake

Flawless balance sheet with proven track record.

Share Price & News

How has Wescan Goldfields's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

n/a

WGF

0.1%

CA Metals and Mining

0.2%

CA Market


1 Year Return

n/a

WGF

20.9%

CA Metals and Mining

8.3%

CA Market

Return vs Industry: Insufficient data to determine how WGF performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how WGF performed against the Canadian Market.


Shareholder returns

WGFIndustryMarket
7 Dayn/a0.1%0.2%
30 Dayn/a2.9%3.0%
90 Dayn/a-6.7%5.0%
1 Yearn/a22.0%20.9%11.9%8.3%
3 Yearn/a-2.3%-4.1%16.8%6.3%
5 Yearn/a22.3%18.3%29.5%10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Wescan Goldfields undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Wescan Goldfields is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Wescan Goldfields 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

Future Growth

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

19.0%

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 Wescan Goldfields 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 Wescan Goldfields performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WGF has high quality earnings.

Growing Profit Margin: WGF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WGF has become profitable over the past 5 years, growing earnings by 24.2% per year.

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

Earnings vs Industry: WGF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.5%).


Return on Equity

High ROE: WGF's Return on Equity (192.3%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Wescan Goldfields's financial position?


Financial Position Analysis

Short Term Liabilities: WGF's short term assets (CA$174.4K) exceeds its short term liabilities (CA$13.1K)

Long Term Liabilities: WGF's short term assets (CA$174.4K) exceeds its long term liabilities (75.5K)


Debt to Equity History and Analysis

Debt Level: WGF is debt free.

Reducing Debt: WGF had no debt 5 years ago.

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

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


Balance Sheet

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

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


Next Steps

Dividend

What is Wescan Goldfields's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if WGF'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 WGF'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 Wescan Goldfields's salary, the management and board of directors tenure and is there insider trading?

14.6yrs

Average board tenure


CEO

Ken MacNeill 0

0yrs

Tenure

CA$35,055

Compensation

Mr. Kenneth E. MacNeill, also known as Ken, has been the Chief Executive Officer of Star Diamond Corp. (formerly known as Shore Gold Inc.) since June 30, 1993 and its President since September 11, 2003. Mr ...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD26.39K) is below average for companies of similar size in the Canadian market ($USD135.52K).

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


Board Age and Tenure

14.6yrs

Average Tenure

Experienced Board: WGF's board of directors are seasoned and experienced ( 14.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$3514 Nov 19
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.035
BuyCA$3525 Oct 19
49 North Resources Inc.
EntityCompany
Shares1,000
Max PriceCA$0.035
BuyCA$14030 Sep 19
49 North Resources Inc.
EntityCompany
Shares4,000
Max PriceCA$0.035
BuyCA$7015 May 19
Thomas MacNeill
EntityIndividual
Shares2,000
Max PriceCA$0.035
BuyCA$7014 May 19
Thomas MacNeill
EntityIndividual
Shares2,000
Max PriceCA$0.035
BuyCA$1,05007 May 19
Thomas MacNeill
EntityIndividual
Shares30,000
Max PriceCA$0.035
BuyCA$7001 May 19
Thomas MacNeill
EntityIndividual
Shares2,000
Max PriceCA$0.035
BuyCA$56029 Apr 19
Thomas MacNeill
EntityIndividual
Shares16,000
Max PriceCA$0.035
BuyCA$5,00025 Apr 19
Thomas MacNeill
EntityIndividual
Shares100,000
Max PriceCA$0.05
SellCA$88025 Apr 19
Thomas MacNeill
EntityIndividual
Shares8,000
Max PriceCA$0.11
BuyCA$2,52023 Apr 19
Thomas MacNeill
EntityIndividual
Shares84,000
Max PriceCA$0.03
BuyCA$3516 Apr 19
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.035
BuyCA$42015 Apr 19
Thomas MacNeill
EntityIndividual
Shares12,000
Max PriceCA$0.035
BuyCA$17529 Mar 19
Thomas MacNeill
EntityIndividual
Shares5,000
Max PriceCA$0.035
BuyCA$21006 Mar 19
Thomas MacNeill
EntityIndividual
Shares7,000
Max PriceCA$0.03
BuyCA$2,96608 Feb 19
Thomas MacNeill
EntityIndividual
Shares84,000
Max PriceCA$0.04
BuyCA$1,08007 Feb 19
Thomas MacNeill
EntityIndividual
Shares27,000
Max PriceCA$0.04
BuyCA$56023 Jan 19
Thomas MacNeill
EntityIndividual
Shares14,000
Max PriceCA$0.04
BuyCA$4017 Jan 19
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.04
BuyCA$12010 Jan 19
Thomas MacNeill
EntityIndividual
Shares3,000
Max PriceCA$0.04
BuyCA$3508 Jan 19
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.035
BuyCA$12022 Dec 18
Thomas MacNeill
EntityIndividual
Shares3,000
Max PriceCA$0.04
BuyCA$40020 Dec 18
Thomas MacNeill
EntityIndividual
Shares10,000
Max PriceCA$0.04
BuyCA$1,51514 Dec 18
Thomas MacNeill
EntityIndividual
Shares30,000
Max PriceCA$0.055
BuyCA$22513 Dec 18
Thomas MacNeill
EntityIndividual
Shares5,000
Max PriceCA$0.045
BuyCA$3507 Dec 18
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.035
BuyCA$6004 Dec 18
Thomas MacNeill
EntityIndividual
Shares2,000
Max PriceCA$0.03
BuyCA$3029 Nov 18
Thomas MacNeill
EntityIndividual
Shares1,000
Max PriceCA$0.03
BuyCA$63028 Nov 18
49 North Resources Inc.
EntityCompany
Shares18,000
Max PriceCA$0.035

Ownership Breakdown

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


Management Team

  • Ken MacNeill

    Chairman

    • Tenure: 0yrs
    • Compensation: CA$35.06k
  • Mark Shimell

    Vice President of Exploration

    • Tenure: 8.9yrs
  • Greg Shyluk

    Chief Financial Officer

    • Tenure: 6.5yrs
    • Compensation: CA$11.69k

Board Members

  • Ken MacNeill

    Chairman

    • Tenure: 0yrs
    • Compensation: CA$35.06k
  • Harvey Bay (66yo)

    Independent Director

    • Tenure: 15.4yrs
    • Compensation: CA$6.23k
  • Val Michasiw

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: CA$6.23k
  • Gary Billingsley (68yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: CA$6.23k

Company Information

Wescan Goldfields Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wescan Goldfields Inc.
  • Ticker: WGF
  • Exchange: TSXV
  • Founded: 2003
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$1.578m
  • Shares outstanding: 45.08m
  • Website: https://www.wescangoldfields.com

Location

  • Wescan Goldfields Inc.
  • 600-224 4th Avenue South
  • Saskatoon
  • Saskatchewan
  • S7K 5M5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WGFTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2004
WEGO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2004
W17ADB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2004

Biography

Wescan Goldfields Inc. acquires, explores for, and develops mineral properties in Canada. It holds 100% interests in the Jojay gold property comprising 5 claim blocks covering an area of 1,496 hectares; th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 00:04
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
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.