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Alacer Gold

OTCPK:ALIA.F
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALIA.F
OTCPK
CA$1B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. The last earnings update was 48 days ago. More info.


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ALIA.F Share Price and Events
7 Day Returns
17.8%
OTCPK:ALIA.F
1.3%
US Metals and Mining
0.3%
US Market
1 Year Returns
72.4%
OTCPK:ALIA.F
-24.3%
US Metals and Mining
0.7%
US Market
ALIA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alacer Gold (ALIA.F) 17.8% 12.6% 15.7% 72.4% 40.3% 29.8%
US Metals and Mining 1.3% 3.1% -6.4% -24.3% 4.3% -18.6%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • ALIA.F outperformed the Metals and Mining industry which returned -24.3% over the past year.
  • ALIA.F outperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
ALIA.F
Industry
5yr Volatility vs Market

Value

 Is Alacer 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 Alacer 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 Alacer Gold.

OTCPK:ALIA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:ALIA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
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))
= 1.025 (1 + (1- 21%) (44.13%))
1.256
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.256 * 5.96%)
10.22%

Discounted Cash Flow Calculation for OTCPK:ALIA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alacer 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.

OTCPK:ALIA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.22%)
2019 153.07 Analyst x6 138.88
2020 165.01 Analyst x7 135.84
2021 171.82 Analyst x5 128.33
2022 126.00 Analyst x1 85.38
2023 122.77 Est @ -2.56% 75.48
2024 121.58 Est @ -0.97% 67.82
2025 121.75 Est @ 0.14% 61.62
2026 122.86 Est @ 0.92% 56.42
2027 124.66 Est @ 1.46% 51.94
2028 126.95 Est @ 1.84% 47.99
Present value of next 10 years cash flows $849.69
OTCPK:ALIA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $126.95 × (1 + 2.73%) ÷ (10.22% – 2.73%)
$1,741.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,741.81 ÷ (1 + 10.22%)10
$658.41
OTCPK:ALIA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $849.69 + $658.41
$1,508.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,508.10 / 294.65
$6.85
OTCPK:ALIA.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:ASR)
1.34
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $5.12 x 1.34
CA$6.86
Non-primary Listing Adjustment Factor 1 share in OTCPK:ALIA.F represents 0.74718x of TSX:ASR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74718x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 6.86 x 0.74718
$5.13
Value per share (USD) From above. $5.13
Current discount Discount to share price of $3.31
= -1 x ($3.31 - $5.13) / $5.13
35.4%

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

Current Discount
Amount off the current price Alacer Gold is available for.
Intrinsic value
35%
Share price is $3.31 vs Future cash flow value of $5.13
Current Discount Checks
For Alacer Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alacer Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alacer Gold's share price is below the future cash flow value, but not 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 Alacer Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alacer Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ALIA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.03
TSX:ASR Share Price ** TSX (2019-06-17) in CAD CA$4.43
TSX:ASR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $3.31
United States of America Metals and Mining Industry PE Ratio Median Figure of 44 Publicly-Listed Metals and Mining Companies 9.15x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

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

** Primary Listing of Alacer Gold.

OTCPK:ALIA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ASR Share Price ÷ EPS (both in USD)

= 3.31 ÷ -0.03

-118.21x

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

  • Alacer Gold is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Alacer Gold is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Alacer Gold's expected growth come at a high price?
Raw Data
OTCPK:ALIA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -118.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17.6%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Alacer Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alacer Gold's assets?
Raw Data
OTCPK:ALIA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.54
TSX:ASR Share Price * TSX (2019-06-17) in CAD CA$4.43
TSX:ASR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $3.31
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 1.38x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
OTCPK:ALIA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ASR Share Price ÷ Book Value per Share (both in USD)

= 3.31 ÷ 2.54

1.3x

* Primary Listing of Alacer Gold.

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

  • Alacer Gold is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Alacer 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. Alacer 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 Alacer Gold expected to perform in the next 1 to 3 years based on estimates from 9 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
17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alacer Gold expected to grow at an attractive rate?
  • Alacer Gold's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Alacer Gold's earnings growth is expected to exceed the United States of America market average.
  • Alacer Gold's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ALIA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ALIA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17.6%
OTCPK:ALIA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7.6%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:ALIA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ALIA.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 457 234 87 1
2022-12-31 469 238 98 2
2021-12-31 434 219 86 6
2020-12-31 447 223 92 9
2019-12-31 388 216 64 9
OTCPK:ALIA.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 205 103 -8
2018-12-31 188 99 15
2018-09-30 205 127 0
2018-06-30 219 138 57
2018-03-31 223 130 100
2017-12-31 209 109 82
2017-09-30 167 59 52
2017-06-30 145 35 23
2017-03-31 147 32 13
2016-12-31 142 37 6
2016-09-30 155 55 24
2016-06-30 187 79 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alacer Gold's earnings are expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
  • Alacer Gold's revenue is expected to grow by 7.6% 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
OTCPK:ALIA.F 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 9 Analyst Estimates (S&P Global) See Below

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

OTCPK:ALIA.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.29 0.29 0.29 1.00
2022-12-31 0.33 0.33 0.33 1.00
2021-12-31 0.29 0.33 0.23 4.00
2020-12-31 0.33 0.37 0.31 5.00
2019-12-31 0.20 0.24 0.16 3.00
OTCPK:ALIA.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.03
2018-12-31 0.05
2018-09-30 0.00
2018-06-30 0.19
2018-03-31 0.34
2017-12-31 0.28
2017-09-30 0.18
2017-06-30 0.08
2017-03-31 0.04
2016-12-31 0.02
2016-09-30 0.08
2016-06-30 0.11

*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.
  • Alacer Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alacer 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Alacer 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 Alacer 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 Alacer 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.
  • Alacer Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Alacer Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Alacer Gold's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Alacer 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 Alacer Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ALIA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 205.16 -8.22 24.68
2018-12-31 187.98 15.12 21.30
2018-09-30 204.78 0.37 19.89
2018-06-30 219.12 56.63 20.64
2018-03-31 222.58 99.52 18.48
2017-12-31 209.09 81.50 18.67
2017-09-30 166.90 52.39 18.81
2017-06-30 145.07 23.36 20.13
2017-03-31 147.15 12.77 22.13
2016-12-31 141.99 6.21 20.74
2016-09-30 154.63 24.37 18.98
2016-06-30 186.88 31.79 17.09
2016-03-31 213.14 33.52 16.90
2015-12-31 237.26 46.63 17.04
2015-09-30 262.72 68.61 19.48
2015-06-30 282.04 75.91 20.57
2015-03-31 281.61 71.11 20.71
2014-12-31 291.60 65.61 21.75
2014-09-30 303.19 24.01 25.94
2014-06-30 332.42 34.45 29.28
2014-03-31 358.34 43.71 35.67
2013-12-31 377.08 68.00 37.84
2013-09-30 377.67 115.77 38.83
2013-06-30 343.49 116.57 39.27
2013-03-31 344.24 144.64 34.98
2012-12-31 337.58 166.36 36.37
2012-09-30 433.07 197.71 47.38
2012-06-30 542.56 209.65 55.14

*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.
  • It is difficult to establish if Alacer Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Alacer Gold has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Alacer Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Alacer 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.
Alacer Gold has a total score of 0/6, 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 Alacer 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 Alacer Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alacer Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alacer Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alacer 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 0.6x 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 Alacer Gold Company Filings, last reported 2 months ago.

OTCPK:ALIA.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 941.37 429.79 71.61
2018-12-31 935.10 341.59 104.80
2018-09-30 888.87 341.20 115.76
2018-06-30 920.58 341.37 162.89
2018-03-31 943.47 243.00 136.70
2017-12-31 907.47 242.72 202.81
2017-09-30 878.87 125.96 131.62
2017-06-30 840.53 126.03 201.45
2017-03-31 810.63 0.00 154.04
2016-12-31 798.11 0.00 214.55
2016-09-30 788.46 0.00 253.87
2016-06-30 785.23 0.00 311.40
2016-03-31 768.66 0.00 346.14
2015-12-31 764.25 0.00 360.75
2015-09-30 750.31 0.00 368.84
2015-06-30 738.45 0.00 356.59
2015-03-31 718.83 0.00 349.92
2014-12-31 695.64 0.00 346.62
2014-09-30 653.00 0.00 319.67
2014-06-30 633.43 0.00 291.98
2014-03-31 621.17 0.00 292.06
2013-12-31 633.63 0.00 289.65
2013-09-30 637.74 0.00 222.30
2013-06-30 654.93 5.41 218.42
2013-03-31 1,153.35 65.10 254.63
2012-12-31 1,167.04 69.36 277.26
2012-09-30 1,650.24 73.56 280.02
2012-06-30 1,591.66 75.19 275.38
  • Alacer Gold's level of debt (34.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 34.6% today).
  • Debt is well covered by operating cash flow (31.6%, greater than 20% of total debt).
  • Alacer Gold is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Alacer 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. Alacer 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 Alacer 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 Alacer Gold dividends. Estimated to be 0% next year.
If you bought $2,000 of Alacer 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 Alacer Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alacer 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
OTCPK:ALIA.F 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 9 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:ALIA.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 2.00
2020-12-31 0.00 3.00
2019-12-31 0.00 4.00
OTCPK:ALIA.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-10-26 0.000 0.000
2015-07-27 0.000 0.000
2015-04-27 0.000 0.000
2015-02-11 0.000 0.000
2014-03-12 0.020 0.908

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

  • Unable to perform a dividend volatility check as Alacer Gold has not reported any payouts.
  • Unable to verify if Alacer Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alacer Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alacer Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Alacer Gold's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Alacer 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 Alacer Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alacer 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 Alacer 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
Rod Antal
COMPENSATION $3,434,459
AGE 51
TENURE AS CEO 5.8 years
CEO Bio

Mr. Rodney P. Antal, also known as Rod, B.Bus, Accountancy, CPA, has been the Chief Executive Officer and President of Alacer Gold Corp. since August 13, 2013. Mr. Antal served as the Chief Financial Officer of Alacer Gold Corp., from May 21, 2012 to August 12, 2013. He has gold industry experience from his time spent in Papua New Guinea with Lihir Gold Limited and Placer Dome. He served as a Manager of Corporate Safety & Investor Relations at Lihir Gold Limited. He joined Lihir Gold Limited in 1997 as Senior Accountant. He has spent the last 15 years serving in a number of management and executive positions with Rio Tinto plc and its affiliates. Since December 2010, Mr. Antal served as the Chief Financial Officer at Rio Tinto Minerals. From August 2006 to December 2010, he served as the Global Head of Rio Tinto Shared Services. He served as the Chief Financial Officer and Company Secretary at Energy Resources of Australia Ltd from September 2003 to July 2006. Mr. Antal served as an Assistant Financial Controller at Porgera Joint Venture and Chartered Accountant at BDO. Mr. Antal has been an Executive Director of Alacer Gold Corp. since August 13, 2013.

CEO Compensation
  • Rod's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rod's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Alacer Gold management team in years:

4.4
Average Tenure
  • The tenure for the Alacer Gold management team is about average.
Management Team

Rod Antal

TITLE
President
COMPENSATION
$3M
AGE
51
TENURE
5.8 yrs

Mark Murchison

TITLE
Chief Financial Officer
COMPENSATION
$1M
TENURE
5.8 yrs

Stewart Beckman

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
50
TENURE
3 yrs

Eddy Farid

TITLE
Senior Vice President of Business Development & Investor Relations
COMPENSATION
$1M

Michael Sparks

TITLE
Chief Legal Officer & Company Secretary
COMPENSATION
$909K
TENURE
2.5 yrs
Board of Directors Tenure

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

5.2
Average Tenure
63
Average Age
  • The tenure for the Alacer Gold board of directors is about average.
Board of Directors

Ed Dowling

TITLE
Chairman of the Board
COMPENSATION
$260K
AGE
63
TENURE
5.2 yrs

Rod Antal

TITLE
President
COMPENSATION
$3M
AGE
51
TENURE
5.8 yrs

Dick Graff

TITLE
COMPENSATION
$165K
AGE
71
TENURE
5.2 yrs

Tom Bates

TITLE
Independent Non-Executive Director
COMPENSATION
$160K
AGE
68
TENURE
5.2 yrs

Alan Krusi

TITLE
Independent Non-Executive Director
COMPENSATION
$160K
AGE
63
TENURE
4.8 yrs

Anna Kolonchina

TITLE
Independent Non-Executive Director
COMPENSATION
$150K
AGE
46
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Sep 18 Sell JCP Investment Partners Limited Company 26. Jun 18 14. Sep 18 -1,657,626 $2.07 $-3,184,378
18. Sep 18 Buy JCP Investment Partners Limited Company 26. Jun 18 14. Sep 18 445,300 $1.82 $794,523
10. Aug 18 Sell Edward Dowling Individual 09. Aug 18 09. Aug 18 -360,000 $2.07 $-745,818
27. Jun 18 Sell JCP Investment Partners Limited Company 02. Nov 17 25. Jun 18 -6,576,089 $1.82 $-11,992,018
27. Jun 18 Buy JCP Investment Partners Limited Company 02. Nov 17 25. Jun 18 1,891,332 $1.62 $3,069,229
X
Management checks
We assess Alacer 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. Alacer 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

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

Details
Name: Alacer Gold Corp.
ALIA.F
Exchange: OTCPK
Founded:
CA$973,842,080
294,654,277
Website: http://www.alacergold.com
Address: Alacer Gold Corp.
7001 East Belleview Avenue,
Suite 800,
Denver,
Colorado, 80237,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ASR Common Shares The Toronto Stock Exchange CA CAD 09. Dec 1993
OTCPK ALIA.F Common Shares Pink Sheets LLC US USD 09. Dec 1993
DB TQL Common Shares Deutsche Boerse AG DE EUR 09. Dec 1993
ASX AQG CDI Australian Securities Exchange AU AUD 07. Feb 2011
OTCPK ALAC.F CDI Pink Sheets LLC US USD 07. Feb 2011
DB TQL1 CDI Deutsche Boerse AG DE EUR 07. Feb 2011
CHIA AQG CDI Chi-X Australia AU AUD 07. Feb 2011
Number of employees
Current staff
Staff numbers
691
Alacer Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 23:58
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/04/30
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.