OTCPK:HRTF.F

Stock Analysis Report

Executive Summary

Harte Gold Corp. engages in the acquisition and exploration of mineral resource properties in Canada.


Snowflake Analysis

Slightly overvalued with limited growth.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.1%

HRTF.F

-3.7%

US Metals and Mining

-7.4%

US Market


1 Year Return

-63.0%

HRTF.F

-5.7%

US Metals and Mining

10.5%

US Market

Return vs Industry: HRTF.F underperformed the US Metals and Mining industry which returned -5.7% over the past year.

Return vs Market: HRTF.F underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

HRTF.FIndustryMarket
7 Day-2.1%-3.7%-7.4%
30 Day-10.9%-4.5%-3.6%
90 Day35.0%-5.2%-0.6%
1 Year-63.0%-63.0%-3.3%-5.7%12.8%10.5%
3 Year-72.4%-72.4%-6.6%-11.6%37.4%28.6%
5 Year71.5%71.5%16.9%7.8%61.3%43.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HRTF.F ($0.1) is trading below our estimate of fair value ($1.96)

Significantly Below Fair Value: HRTF.F is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: HRTF.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HRTF.F has negative assets, so we can't compare its PB Ratio to the US Metals and Mining industry average.


Next Steps

Future Growth

How is Harte Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

48.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HRTF.F's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if HRTF.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HRTF.F's revenue (48.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: HRTF.F's revenue (48.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HRTF.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Harte Gold performed over the past 5 years?

-68.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRTF.F is currently unprofitable.

Growing Profit Margin: HRTF.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HRTF.F is unprofitable, and losses have increased over the past 5 years at a rate of -68.8% per year.

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

Earnings vs Industry: HRTF.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-32.4%).


Return on Equity

High ROE: HRTF.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Harte Gold's financial position?


Financial Position Analysis

Short Term Liabilities: HRTF.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HRTF.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HRTF.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HRTF.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: HRTF.F has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: HRTF.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HRTF.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -49.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HRTF.F'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 HRTF.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Sam Coetzer (58yo)

0.3yrs

Tenure

Mr. Samuel T. Coetzer, also known as Sam, has been the President, Chief Executive Officer and Director of Harte Gold Corporation since November 2019. Mr. Coetzer served as President and Chief Executive Off ...


Leadership Team

NamePositionTenureCompensationOwnership
Rein Lehari
Interim CFO11.1yrsCA$630.00k0.024% CA$16.9k
Shawn Howarth
Vice President of Corporate Development & Investor Relations0yrsCA$225.00k0.028% CA$20.3k
Timothy Campbell
Executive VP & Corporate Secretary1.1yrsCA$741.00k0.041% CA$29.3k
Samuel Coetzer
President0.3yrsno data0.11% CA$81.1k
Martin Raffield
Executive VP & COO0.3yrsno datano data
John Kita
Chief Mine Geologist3yrsno datano data
David Stevenson
Chief Exploration Geologist2.1yrsno datano data
George Flach
Independent Consultant11.1yrsCA$235.00kno data
Karen Walsh
VP People and Organizational Development0yrsno data0.024% CA$16.9k
David Ellis
Investor Relations Consultant0yrsno datano data

2.1yrs

Average Tenure

58yo

Average Age

Experienced Management: HRTF.F's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Samuel Coetzer
President0.3yrsno data0.11% CA$81.1k
Richard Sutcliffe
Independent Director4.6yrsno data0.035% CA$25.3k
Joseph Conway
Independent Chairman0.08yrsno datano data
Stephen Roman
Non-Executive Director0yrsCA$1.78m4.34% CA$3.1m
Michael Scherb
Director1.8yrsno datano data
James Gallagher
Independent Director0.3yrsno datano data
Geoffrey Cohen
Director0.8yrsno datano data

0.6yrs

Average Tenure

61yo

Average Age

Experienced Board: HRTF.F's board of directors are not considered experienced ( 0.6 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: HRTF.F 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 9.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Harte Gold Corp.
  • Ticker: HRTF.F
  • Exchange: OTCPK
  • Founded: 1982
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$94.774m
  • Listing Market Cap: CA$71.404m
  • Shares outstanding: 676.96m
  • Website: https://www.hartegold.com

Location

  • Harte Gold Corp.
  • 161 Bay Street
  • Suite 2400
  • Toronto
  • Ontario
  • M5J 2S1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRTTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2000
H4ODB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2000
HRTF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2000

Biography

Harte Gold Corp. engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for gold deposits. It owns 100% interests in the Sugar Zone property, which consists of 549 contiguous mining claims and 4 mining leases covering an area of approximately 79,355 hectares located in the Sault Ste. Marie Mining Division in Ontario. The company also holds interests in the Stoughton-Abitibi property situated to the north-east of Kirkland Lake, Ontario. The company was formerly known as Harte Resources Company and changed its name to Harte Gold Corp. in December 2003. Harte Gold Corp. was incorporated in 1982 and is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:25
End of Day Share Price2020/02/25 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.