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WHG

Whitehorse Gold TSXV:WHG Stock Report

Last Price

CA$0.53

Market Cap

CA$28.2m

7D

-3.6%

1Y

-66.7%

Updated

03 Jul, 2022

Data

Company Financials
WHG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WHG Stock Overview

Whitehorse Gold Corp. operates as a gold exploration and development company.

Whitehorse Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Whitehorse Gold
Historical stock prices
Current Share PriceCA$0.53
52 Week HighCA$1.59
52 Week LowCA$0.43
Beta0
1 Month Change-10.17%
3 Month Change6.00%
1 Year Change-66.67%
3 Year Changen/a
5 Year Changen/a
Change since IPO-24.29%

Recent News & Updates

Shareholder Returns

WHGCA Metals and MiningCA Market
7D-3.6%-5.8%-0.8%
1Y-66.7%-18.2%-5.0%

Return vs Industry: WHG underperformed the Canadian Metals and Mining industry which returned -18.2% over the past year.

Return vs Market: WHG underperformed the Canadian Market which returned -5% over the past year.

Price Volatility

Is WHG's price volatile compared to industry and market?
WHG volatility
WHG Average Weekly Movement8.0%
Metals and Mining Industry Average Movement11.1%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: WHG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: WHG's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20195Gord Nealhttps://whitehorsegold.ca

Whitehorse Gold Corp. operates as a gold exploration and development company. The company also explores for silver, lead, and zinc. It has a 100% interest in the Skukum gold project comprising 1,051 mineral claims covering an area of approximately 170.3 km2, including Mt.

Whitehorse Gold Fundamentals Summary

How do Whitehorse Gold's earnings and revenue compare to its market cap?
WHG fundamental statistics
Market CapCA$28.19m
Earnings (TTM)-CA$2.06m
Revenue (TTM)n/a

0.0x

P/S Ratio

-13.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WHG income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$2.06m
Earnings-CA$2.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.039
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did WHG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WHG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WHG?

Other financial metrics that can be useful for relative valuation.

WHG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-12.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does WHG's PB Ratio compare to its peers?

WHG PB Ratio vs Peers
The above table shows the PB ratio for WHG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.5x
AUAU Allegiant Gold
0.9x26.7%CA$28.7m
ELEM Element79 Gold
2.3x-31.7%CA$27.7m
PUMA Puma Exploration
2.2xn/aCA$28.9m
RDS Radisson Mining Resources
0.6xn/aCA$29.0m
WHG Whitehorse Gold
1xn/aCA$28.2m

Price-To-Book vs Peers: WHG is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does WHG's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: WHG is good value based on its Price-To-Book Ratio (1x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

What is WHG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WHG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate WHG's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of WHG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate WHG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WHG's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WHG's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

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 Whitehorse 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.


Discover growth companies

  • Examine Whitehorse Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Whitehorse Gold competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Whitehorse Gold performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-119.8%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: WHG is currently unprofitable.

Growing Profit Margin: WHG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if WHG's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: WHG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-6%).


Return on Equity

High ROE: WHG has a negative Return on Equity (-7.62%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Whitehorse Gold's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WHG's short term assets (CA$3.8M) exceed its short term liabilities (CA$839.9K).

Long Term Liabilities: WHG's short term assets (CA$3.8M) exceed its long term liabilities (CA$6.7K).


Debt to Equity History and Analysis

Debt Level: WHG is debt free.

Reducing Debt: WHG had no debt 5 years ago.

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

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


Balance Sheet


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Dividend

What is Whitehorse Gold current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if WHG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WHG has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Gord Neal (67 yo)

0.67

Tenure

CA$360,892

Compensation

Mr. Gordon Kenneth Neal, also known as Gord, serves as Chief Executive Officer at Whitehorse Gold Corp. He serves as Director since November 26, 2021 at Whitehorse Gold Corp. He serves as Director of Lithi...


CEO Compensation Analysis

Compensation vs Market: Gord's total compensation ($USD279.44K) is above average for companies of similar size in the Canadian market ($USD191.60K).

Compensation vs Earnings: Insufficient data to compare Gord's compensation with company performance.


Leadership Team

Experienced Management: WHG's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: WHG's board of directors are not considered experienced ( 1.2 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: WHG insiders have sold more shares than they have bought 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

Whitehorse Gold Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Whitehorse Gold Corp.
  • Ticker: WHG
  • Exchange: TSXV
  • Founded: 2019
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$28.186m
  • Shares outstanding: 53.18m
  • Website: https://whitehorsegold.ca

Number of Employees


Location

  • Whitehorse Gold Corp.
  • 1066 West Hastings Street
  • Suite 1750
  • Vancouver
  • British Columbia
  • V6E 3X1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.