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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Ashanti Gold. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Ashanti Gold's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Ashanti 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Ashanti Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Ashanti Gold's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Ashanti Gold's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Ashanti Gold is high growth as no earnings estimate data is available.
Unable to determine if Ashanti Gold is high growth as no revenue estimate data is available.
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.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Ashanti Gold's filings and announcements here.
Ashanti Gold's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
Mr. Timothy Rand McCutcheon, also known as Tim, has been Chief Executive Officer and Director of Ashanti Gold Corp. since August 01, 2016. Mr. McCutcheon has been President of Wealth Minerals Ltd. since June 6, 2016. Mr. McCutcheon is a capital markets professional and mining corporate manager with over 20 years of international business experience. Since 2009, Mr. McCutcheon has been a Director/Chief Executive Officer of several public Emerging Markets mining resource companies with assets in Russia, Kyrgyzstan, Slovakia and Ghana. Mr. McCutcheon served as the Chief Executive Officer at MK2 Ventures Ltd. (alternate name : Global Minerals Ltd.) from June 2014 to June 9, 2015 and served as its President until June 9, 2015. Mr. McCutcheon served as the Chief Executive Officer of Abzu Gold Ltd from May 1, 2012 to May 2, 2013. Mr. McCutcheon served as Chief Executive Officer of Ovoca Gold plc from December 2009 to May 2012. He founded and served as Partner at DBM Capital Partners Ltd and focuses on metals and mining companies in Russia and "CIS" countries. Mr. McCutcheon served as a Partner of DBM Capital Partners, Investment Arm. He served as an Institutional Investor and Thomson Extel ranked EMEA Metals Analyst for Aton Capital. He served multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer Investments as an award-winning metals and Mining Sector Analyst and as an investment banker. He was an Advisor to multiple international and domestic precious metals companies active in Russia's Mining Sector. He has been a Non Executive Director of Ovoca Gold plc since May 2012. Mr. McCutcheon served as an Executive Director of Ovoca Gold plc from January 2009 to April 2012 and served as its Non-Executive Director since January 19, 2009. He served as a Member of the Advisory Board of Kola Mining Corp. (Also known as Centrasia Mining Corp.) since October 2007. He served as a Director of Global Minerals Ltd from June 11, 2014 to June 9, 2015. He served as a Director of Abzu Gold Ltd from May 1, 2012 to May 2, 2013. He served as a Member of the Advisory Board at Mitchell Resources Ltd. since October 2007. He served as an Independent Director of Consolidated Puma Minerals Corp. since August 28, 2006. Mr. McCutcheon studied BA, cum laude from Columbia College, New York in 1994 and an MBA, Finance from Columbia Business School in 2001.
Insufficient data for Tim to compare compensation growth.
Tim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Ashanti Gold management team is about average.
CEO & Director
Chief Financial Officer
COO & Chief Geologist
Strategic Consultant & Member of Advisory Board
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Ashanti Gold board of directors is less than 3 years, this suggests a new board.
Ashanti Gold Corp. engages in the exploration and development of gold and other mineral properties in Western Africa. Its flagship project is the Kossanto East project covering an area of 66.41 km2 in western Mali. The company was formerly known as Gulf Shores Resources Ltd. and changed its name to Ashanti Gold Corp. in August 2016. Ashanti Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.
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