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Atlantic Gold

DB:Q9I
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
Q9I
DB
CA$681M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Atlantic Gold has significant price volatility in the past 3 months.
Q9I Share Price and Events
7 Day Returns
1.1%
DB:Q9I
-0.6%
DE Metals and Mining
-3.6%
DE Market
1 Year Returns
57.9%
DB:Q9I
-46.7%
DE Metals and Mining
-11.8%
DE Market
Q9I Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atlantic Gold (Q9I) 1.1% 0.1% 27.3% 57.9% 336.1% -
DE Metals and Mining -0.6% -3.3% -9.7% -46.7% -28.7% -36.7%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • Q9I outperformed the Metals and Mining industry which returned -46.7% over the past year.
  • Q9I outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
Q9I
Industry
5yr Volatility vs Market

Value

 Is Atlantic Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Atlantic Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Atlantic Gold.

DB:Q9I Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:Q9I
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 26.5%) (17.32%))
1.105
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.105 * 5.96%)
6.81%

Discounted Cash Flow Calculation for DB:Q9I using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atlantic Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:Q9I DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.81%)
2019 52.16 Analyst x2 48.83
2020 52.93 Analyst x3 46.40
2021 -80.63 Analyst x3 -66.17
2022 128.74 Analyst x1 98.91
2023 139.83 Est @ 8.62% 100.59
2024 148.37 Est @ 6.1% 99.92
2025 154.80 Est @ 4.34% 97.60
2026 159.61 Est @ 3.11% 94.22
2027 163.19 Est @ 2.24% 90.19
2028 165.86 Est @ 1.64% 85.82
Present value of next 10 years cash flows CA$696.31
DB:Q9I DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$165.86 × (1 + 0.23%) ÷ (6.81% – 0.23%)
CA$2,525.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,525.29 ÷ (1 + 6.81%)10
CA$1,306.62
DB:Q9I Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$696.31 + CA$1,306.62
CA$2,002.93
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,002.93 / 237.42
CA$8.44
DB:Q9I Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:Q9I represents 0.6655x of TSXV:AGB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.6655x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 8.44 x 0.6655
€5.61
Value per share (EUR) From above. €5.61
Current discount Discount to share price of €1.91
= -1 x (€1.91 - €5.61) / €5.61
66%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Atlantic Gold is available for.
Intrinsic value
>50%
Share price is €1.91 vs Future cash flow value of €5.61
Current Discount Checks
For Atlantic Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atlantic Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atlantic Gold's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Atlantic Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atlantic Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:Q9I PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.13
TSXV:AGB Share Price ** TSXV (2019-06-14) in CAD CA$2.87
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.5x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Atlantic Gold.

DB:Q9I PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:AGB Share Price ÷ EPS (both in CAD)

= 2.87 ÷ 0.13

22.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantic Gold is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • Atlantic Gold is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Atlantic Gold's expected growth come at a high price?
Raw Data
DB:Q9I PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
19.5%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:Q9I PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.09x ÷ 19.5%

1.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantic Gold is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Atlantic Gold's assets?
Raw Data
DB:Q9I PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.67
TSXV:AGB Share Price * TSXV (2019-06-14) in CAD CA$2.87
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:Q9I PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:AGB Share Price ÷ Book Value per Share (both in CAD)

= 2.87 ÷ 0.67

4.25x

* Primary Listing of Atlantic Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantic Gold is overvalued based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Atlantic Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Atlantic Gold has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Atlantic Gold expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atlantic Gold expected to grow at an attractive rate?
  • Atlantic Gold's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Atlantic Gold's earnings growth is expected to exceed the Germany market average.
  • Atlantic Gold's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:Q9I Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:Q9I Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 19.5%
DB:Q9I Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 13.2%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:Q9I Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:Q9I Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 334 135 91 1
2022-12-31 232 147 32 2
2021-12-31 149 53 27 4
2020-12-31 170 77 45 4
2019-12-31 157 79 34 5
DB:Q9I Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 146 75 30
2018-12-31 128 70 28
2018-09-30 91 43 18
2018-06-30 49 14 9
2018-03-31 13 -6 0
2017-12-31 -12 -5
2017-09-30 -8 -5
2017-06-30 -5 -6
2017-03-31 -5 -6
2016-12-31 -4 -5
2016-09-30 -2 -4
2016-06-30 -4 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atlantic Gold's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
  • Atlantic Gold's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:Q9I Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Atlantic Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:Q9I Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.37 0.37 0.37 1.00
2022-12-31 0.13 0.13 0.13 1.00
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 0.19 0.19 0.19 1.00
2019-12-31 0.14 0.14 0.14 1.00
DB:Q9I Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.13
2018-12-31 0.13
2018-09-30 0.09
2018-06-30 0.05
2018-03-31 0.00
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Atlantic Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Atlantic Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Atlantic Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Atlantic Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Atlantic Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Atlantic Gold has delivered over 20% year on year earnings growth in the past 5 years.
  • Atlantic Gold has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Atlantic Gold has become profitable in the last year making it difficult to compare the Europe Metals and Mining industry average.
Earnings and Revenue History
Atlantic Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Atlantic Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:Q9I Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 145.84 29.89 11.90
2018-12-31 128.33 27.86 10.65
2018-09-30 90.68 18.47 10.09
2018-06-30 48.77 9.18 9.04
2018-03-31 12.88 -0.15 7.68
2017-12-31 -4.92 6.75
2017-09-30 -5.45 6.21
2017-06-30 -5.69 5.89
2017-03-31 -5.63 5.09
2016-12-31 -4.89 4.15
2016-09-30 -4.16 3.42
2016-06-30 -3.25 3.03
2016-03-31 -3.06 3.03
2015-12-31 -3.13 3.03
2015-09-30 -3.02 2.94
2015-06-30 -2.49 2.62
2015-03-31 -2.15 2.32
2014-12-31 -1.74 2.07
2014-09-30 -1.19 1.63
2014-06-30 -1.33 1.65
2014-03-31 -1.22 1.61
2013-12-31 -1.23 1.62
2013-09-30 -1.26 1.65
2013-06-30 -1.30 1.71
2013-03-31 -1.37 1.76
2012-12-31 -1.37 1.69
2012-09-30 -1.21 1.49
2012-06-30 -1.20 1.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Atlantic Gold has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Atlantic Gold used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Atlantic Gold has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Atlantic Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Atlantic Gold has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Atlantic Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Atlantic Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atlantic Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atlantic Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Atlantic Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Atlantic Gold Company Filings, last reported 2 months ago.

DB:Q9I Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 159.90 117.99 36.12
2018-12-31 151.38 113.96 50.28
2018-09-30 142.51 113.79 40.08
2018-06-30 126.40 118.43 16.08
2018-03-31 97.51 136.07 15.28
2017-12-31 90.95 137.83 22.09
2017-09-30 77.69 135.88 11.44
2017-06-30 74.28 116.79 11.50
2017-03-31 73.35 86.67 11.29
2016-12-31 73.39 55.08 14.40
2016-09-30 74.88 38.46 32.21
2016-06-30 68.06 12.24 24.60
2016-03-31 41.57 0.00 7.65
2015-12-31 41.99 0.00 10.76
2015-09-30 42.84 0.00 11.65
2015-06-30 43.37 0.00 13.65
2015-03-31 43.94 0.00 16.10
2014-12-31 44.47 0.00 18.27
2014-09-30 45.27 0.00 21.03
2014-06-30 28.42 0.00 27.94
2014-03-31 28.71 0.00 28.76
2013-12-31 29.09 0.00 28.92
2013-09-30 29.32 0.00 29.18
2013-06-30 29.65 0.00 29.58
2013-03-31 29.84 0.00 29.83
2012-12-31 30.20 0.00 30.15
2012-09-30 30.40 0.00 30.34
2012-06-30 30.59 0.00 30.60
  • Atlantic Gold's level of debt (72.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 72.9% today).
  • Debt is well covered by operating cash flow (64.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Atlantic Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Atlantic Gold has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Atlantic Gold dividends. Estimated to be 0% next year.
If you bought €2,000 of Atlantic Gold shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Atlantic Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atlantic Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:Q9I Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:Q9I Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Atlantic Gold has not reported any payouts.
  • Unable to verify if Atlantic Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atlantic Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atlantic Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Atlantic Gold's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Atlantic Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Atlantic Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atlantic Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Atlantic Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steven Dean
COMPENSATION CA$1,414,026
AGE 58
TENURE AS CEO 4.6 years
CEO Bio

Mr. Steven G. Dean, F.C.A., A.U.S.I.M.M., C.I.M. has been the Executive Chairman of Atlantic Gold Corporation since June 19, 2003 and its Chief Executive Officer since November 2014. Dr. Dean served as President of Atlantic Gold Corporation until May 23, 2018. Dr. Dean served as the President of Oceanic Iron Ore Corp. from December 15, 2016 to June 14, 2017. He served as an Advisor of Cassius Ventures Ltd. since June 1, 2015. Dr. Dean served as the Chief Executive Officer of Oceanic Iron Ore Corp. from January 2011 to November 14, 2014. Dr. Dean served as the President of Teck Resources Limited since 1999 until July 2002. He Founded PacMin Mining Corporation Ltd. and served as its Chief Executive Officer from 1995 to 1999. He has been an Independent Director at Sierra Metals Inc. since October 4, 2011. He was a Member of the founding Director of the Normandy Poseidon Group, which became Normandy Mining Ltd. He served as the Chief Financial Officer of Normandy Mining Ltd. from 1987 to 1994 and served as its Group General Manager. Dr. Dean has an extensive experience in the gold mining business. He serves as President of Sirocco Advisory Services Ltd. Dr. Dean has been the Executive Chairman of Oceanic Iron Ore Corp. since January 2011. He served as the Chairman of Infinito Gold Ltd., from May 15, 2007 to June 26, 2014. He served as the Chairman of Cassius Ventures Ltd. until May 29, 2015. He served as the Chairman of Sierra Metals Inc. from January 2012 to March 2013 and has been its Independent Director since October 4, 2011. He served as Lead Director of Sierra Metals Inc. from March 2013. He co-founded Copper Producer Amerigo Resources Ltd. and served as its Chairman since April 01,2003 until December 08, 2010. He served as the Chairman of Amerigo Resources Ltd., from April 1, 2003 to December 17, 2010. He served as the Chairman of Candente Copper Corp. since January 15, 2008. He has been a Director of Spur Ventures Inc. since June 19, 2003 and Oceanic Iron Ore Corp. since September 27, 2010. He served as a Director of Cassius Ventures Ltd. since August 25, 2011 until May 29, 2015. He served as a Director of Amerigo Resources Ltd. since April 1, 2003 and Candente Gold Corp. since July 10, 2009. He served as a Director of Candente Copper Corp. since January 15, 2008. He served a Director of Infinito Gold Ltd. from May 15, 2007 to June 26, 2014. He served as a Director of GRD Limited from September 30, 2003 to March 26, 2008 and Teck Resources Limited. He served as an Executive Director of Normandy Mining Ltd. from 1987 to 1994. He is a Fellow of the Australian Institute of Mining and Metallurgy, the Australian Institute of Chartered Accountants, a Member of the Canadian Institute of Mining, Metallurgy and Petroleum and was a founding Director of the Australian Gold Council.

CEO Compensation
  • Steven's compensation has increased in line with Atlantic Gold recently becoming profitable.
  • Steven's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Atlantic Gold management team in years:

1.4
Average Tenure
  • The average tenure for the Atlantic Gold management team is less than 2 years, this suggests a new team.
Management Team

Steven Dean

TITLE
Chairman & CEO
COMPENSATION
CA$1M
AGE
58
TENURE
4.6 yrs

Maryse Belanger

TITLE
President
COMPENSATION
CA$999K
AGE
57
TENURE
1.1 yrs

Chris Batalha

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$462K
TENURE
4.6 yrs

Sean Thompson

TITLE
Director of Investor Relations

Tom Ellard

TITLE
Vice President of Business Integration & People
TENURE
1.4 yrs

Sally Goodman

TITLE
Chief Geoscientist
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Atlantic Gold board of directors in years:

5.3
Average Tenure
72
Average Age
  • The tenure for the Atlantic Gold board of directors is about average.
Board of Directors

Bob Atkinson

TITLE
Vice Chairman of the Board
COMPENSATION
CA$127K
AGE
78
TENURE
16 yrs

Steven Dean

TITLE
Chairman & CEO
COMPENSATION
CA$1M
AGE
58
TENURE
16 yrs

Maryse Belanger

TITLE
President
COMPENSATION
CA$999K
AGE
57
TENURE
1.6 yrs

W. Black

TITLE
Lead Director
COMPENSATION
CA$127K
AGE
76
TENURE
0.8 yrs

Don Siemens

TITLE
Independent Director
COMPENSATION
CA$124K
AGE
72
TENURE
8 yrs

Wally Bucknell

TITLE
Director
COMPENSATION
CA$257K
TENURE
4.8 yrs

Bill Armstrong

TITLE
Independent Director
COMPENSATION
CA$150K
TENURE
5.8 yrs

Ryan Beedie

TITLE
Director
COMPENSATION
CA$88K
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Aug 18 Buy Ryan Beedie Individual 01. Aug 18 02. Aug 18 322,900 €1.15 €365,910
05. Oct 18 Buy Ryan Beedie Individual 04. Oct 18 04. Oct 18 200,000 €1.06 €211,376
20. Aug 18 Buy Ryan Beedie Individual 16. Aug 18 17. Aug 18 195,600 €1.07 €207,185
25. Sep 18 Buy Donald Siemens Individual 24. Sep 18 24. Sep 18 70,000 €1.10 €76,725
X
Management checks
We assess Atlantic Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Atlantic Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. It holds 63.2% effective ownership interests in the Touquoy gold project covering approximately 1,760 hectares; and 100% interest in the Beaver Dam gold, Cochrane Hill, and Fifteen Mile Stream projects located in Nova Scotia. The company was formerly known as Spur Ventures Inc. and changed its name to Atlantic Gold Corporation in August 2014. Atlantic Gold Corporation is based in Vancouver, Canada.

Details
Name: Atlantic Gold Corporation
Q9I
Exchange: DB
Founded:
CA$453,666,107
237,423,475
Website: http://www.atlanticgoldcorporation.com
Address: Atlantic Gold Corporation
Three Bentall Centre,
Suite 3083,
Vancouver,
British Columbia, V7X 1L3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV AGB Common Shares TSX Venture Exchange CA CAD 01. Dec 1988
OTCPK SPVE.F Common Shares Pink Sheets LLC US USD 01. Dec 1988
DB Q9I Common Shares Deutsche Boerse AG DE EUR 01. Dec 1988
Number of employees
Current staff
Staff numbers
241
Atlantic Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:01
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.