TSXV:WGO

Stock Analysis Report

Executive Summary

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.4%

WGO

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-34.5%

WGO

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: WGO underperformed the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: WGO underperformed the Canadian Market which returned 4.6% over the past year.


Shareholder returns

WGOIndustryMarket
7 Day3.4%4.7%0.2%
30 Day-9.9%5.2%0.5%
90 Day1.1%13.4%4.0%
1 Year-34.5%-34.5%5.5%4.8%7.9%4.6%
3 Year-45.2%-45.2%-2.8%-4.4%17.8%7.2%
5 Yearn/a25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WGO is good value based on its PB Ratio (1.1x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

14.1%

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 White 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 White Gold performed over the past 5 years?

-73.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WGO is currently unprofitable.

Growing Profit Margin: WGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WGO is unprofitable, and losses have increased over the past 5 years at a rate of -73.5% per year.

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

Earnings vs Industry: WGO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: WGO has a negative Return on Equity (-4.89%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is White Gold's financial position?


Financial Position Analysis

Short Term Liabilities: WGO's short term assets (CA$6.9M) exceed its short term liabilities (CA$1.1M).

Long Term Liabilities: WGO's short term assets (CA$6.9M) do not cover its long term liabilities (CA$12.6M).


Debt to Equity History and Analysis

Debt Level: WGO is debt free.

Reducing Debt: WGO currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if WGO's debt is 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: WGO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: WGO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -54.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

4.3yrs

Average board tenure


CEO

Dave D’Onofrio (42yo)

4.3yrs

Tenure

CA$209,071

Compensation

Mr. David M. D'Onofrio, C.A. has been the Chief Financial Officer at PowerOne Capital Markets Limited since October 2009. At PowerOne, Mr. D'Onofrio advises and structures corporate finance transactions an ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD158.22K) is about average for companies of similar size in the Canadian market ($USD154.65K).

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


Board Members

NamePositionTenureCompensationOwnership
David D’Onofrio
President4.3yrsCA$209.07k2.45% CA$2.8m
Shawn Ryan
Chief Technical Advisor & Director3.2yrsCA$90.79k6.5% CA$7.4m
Sylvester Tresierra
Founder13.7yrsno datano data
Marufur Raza
Independent Director4.3yrsCA$20.18kno data
Sean Bromley
Independent Director4.3yrsCA$15.12k0.0080% CA$9.1k

4.3yrs

Average Tenure

42yo

Average Age

Experienced Board: WGO's board of directors are considered experienced (4.3 years average tenure).


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 22%.


Top Shareholders

Company Information

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


Key Information

  • Name: White Gold Corp.
  • Ticker: WGO
  • Exchange: TSXV
  • Founded: 1987
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$113.456m
  • Shares outstanding: 124.68m
  • Website: https://www.whitegoldcorp.ca

Location

  • White Gold Corp.
  • 82 Richmond Street East
  • Toronto
  • Ontario
  • M5C 1P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WGOTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 1998
WHGO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1998
29WDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1998

Biography

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company’s flagship property is the White Gold property located in Dawson City, Yukon Territory, Canada. As of December 5, 2019, it owned a portfolio of 21,207 quartz claims across 33 properties covering approximately 422,730 hectares located in the Yukon’s white gold district in Canada. The company was formerly known as G4G Capital Corp. and changed its name to White Gold Corp. in December 2016. White Gold Corp. was incorporated in 1987 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:36
End of Day Share Price2020/02/21 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.