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Harte Gold

OTCPK:HRTF.F
Snowflake Description

Slightly overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRTF.F
OTCPK
CA$231M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Harte Gold Corp. acquires and explores for mineral resource properties in Canada. The last earnings update was 124 days ago. More info.


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HRTF.F Share Price and Events
7 Day Returns
12%
OTCPK:HRTF.F
1.9%
US Metals and Mining
2.9%
US Market
1 Year Returns
-11.2%
OTCPK:HRTF.F
-22%
US Metals and Mining
1.4%
US Market
HRTF.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harte Gold (HRTF.F) 12% 9.7% 2% -11.2% 73.2% 456.2%
US Metals and Mining 1.9% 2% 9.8% -22% 25.2% -11.4%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • HRTF.F outperformed the Metals and Mining industry which returned -22% over the past year.
  • HRTF.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
HRTF.F
Industry
5yr Volatility vs Market

Value

 Is Harte 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 Harte 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    Our intrinsic value calculation method has changed recently, learn more here.

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

OTCPK:HRTF.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 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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:HRTF.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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 26.5%) (21.6%))
1.144
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.144 * 5.96%)
9.55%

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

The calculations below outline how an intrinsic value for Harte 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:HRTF.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.55%)
2019 30.50 Analyst x1 27.84
2020 43.00 Analyst x1 35.83
2021 48.00 Analyst x1 36.51
2022 49.21 Est @ 2.51% 34.16
2023 50.47 Est @ 2.58% 31.99
2024 51.80 Est @ 2.62% 29.97
2025 53.17 Est @ 2.65% 28.08
2026 54.60 Est @ 2.68% 26.32
2027 56.07 Est @ 2.69% 24.67
2028 57.58 Est @ 2.7% 23.13
Present value of next 10 years cash flows CA$298.49
OTCPK:HRTF.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$57.58 × (1 + 2.73%) ÷ (9.55% – 2.73%)
CA$867.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$867.32 ÷ (1 + 9.55%)10
CA$348.37
OTCPK:HRTF.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$298.49 + CA$348.37
CA$646.86
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$646.86 / 599.74
CA$0.83
OTCPK:HRTF.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HRTF.F represents 0.76571x of TSX:HRT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.76571x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 1.08 x 0.76571
$0.83
Value per share (USD) From above. $0.83
Current discount Discount to share price of $0.29
= -1 x ($0.29 - $0.83) / $0.83
64.3%

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

Current Discount
Amount off the current price Harte Gold is available for.
Intrinsic value
>50%
Share price is $0.2948 vs Future cash flow value of $0.82588
Current Discount Checks
For Harte Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Harte Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Harte 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 Harte Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harte Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HRTF.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.02
TSX:HRT Share Price ** TSX (2019-03-15) in CAD CA$0.39
United States of America Metals and Mining Industry PE Ratio Median Figure of 42 Publicly-Listed Metals and Mining Companies 9.98x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

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

** Primary Listing of Harte Gold.

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

= TSX:HRT Share Price ÷ EPS (both in CAD)

= 0.39 ÷ -0.02

-21.88x

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

  • Harte Gold is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Harte 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 Harte Gold's expected growth come at a high price?
Raw Data
OTCPK:HRTF.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 25 Publicly-Listed Metals and Mining Companies 0.61x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*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 Harte Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Harte Gold's assets?
Raw Data
OTCPK:HRTF.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.21
TSX:HRT Share Price * TSX (2019-03-15) in CAD CA$0.39
United States of America Metals and Mining Industry PB Ratio Median Figure of 101 Publicly-Listed Metals and Mining Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:HRTF.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:HRT Share Price ÷ Book Value per Share (both in CAD)

= 0.39 ÷ 0.21

1.85x

* Primary Listing of Harte Gold.

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

  • Harte Gold is overvalued based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Harte 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. Harte 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 Harte Gold expected to perform in the next 1 to 3 years based on estimates from 2 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
14.1%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harte Gold expected to grow at an attractive rate?
  • Unable to compare Harte Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Harte Gold's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Harte Gold's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:HRTF.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:HRTF.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HRTF.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 129 66 1
2020-12-31 128 61 2
2019-12-31 58 20 2
2018-12-31 15 5 1
OTCPK:HRTF.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -5 -10
2018-06-30 -4 -9
2018-03-31 -3 -10
2017-12-31 -1 -2
2017-09-30 -4 1
2017-06-30 -4 1
2017-03-31 -6 1
2016-12-31 -2 -3
2016-09-30 0 -2
2016-06-30 1 -2
2016-03-31 2 -2
2015-12-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Harte Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Harte 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.
Raw Data
OTCPK:HRTF.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Harte Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HRTF.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
OTCPK:HRTF.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01

*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.
  • Harte Gold is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Harte 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.
Harte Gold has a total score of 1/6, 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 Harte 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 Harte 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.
  • Harte Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Harte Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Harte Gold's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Harte 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 Harte Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HRTF.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -9.78 7.16
2018-06-30 -9.37 6.85
2018-03-31 -9.53 6.87
2017-12-31 -2.05 2.62
2017-09-30 0.64 3.80
2017-06-30 0.86 3.58
2017-03-31 1.22 3.20
2016-12-31 -3.01 2.94
2016-09-30 -2.33 1.55
2016-06-30 -2.00 1.39
2016-03-31 -1.66 1.22
2015-12-31 -1.52 1.08
2015-09-30 -0.91 0.57
2015-06-30 -1.00 0.66
2015-03-31 -1.26 0.91
2014-12-31 -1.00 0.84
2014-09-30 -1.30 0.83
2014-06-30 -1.20 0.71
2014-03-31 -0.89 0.44
2013-12-31 -0.77 0.45
2013-09-30 -0.20 0.46
2013-06-30 -0.18 0.46
2013-03-31 -0.72 0.98
2012-12-31 -1.00 0.97
2012-09-30 -0.95 0.93
2012-06-30 -1.10 1.05
2012-03-31 -0.71 0.58

*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 Harte 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 Harte 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 Harte 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 Harte 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.
Harte 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 Harte 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 Harte Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harte Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Harte Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Harte 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 0.2x 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 Harte Gold Company Filings, last reported 5 months ago.

OTCPK:HRTF.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 121.15 49.88 3.71
2018-06-30 120.64 49.22 25.71
2018-03-31 116.42 0.76 5.47
2017-12-31 107.02 0.82 24.79
2017-09-30 88.83 3.19 20.18
2017-06-30 64.28 2.50 12.83
2017-03-31 63.08 2.45 24.85
2016-12-31 56.58 2.20 27.23
2016-09-30 36.30 2.15 4.33
2016-06-30 30.73 2.10 0.55
2016-03-31 28.25 2.04 2.22
2015-12-31 27.04 0.00 0.40
2015-09-30 25.53 0.00 0.52
2015-06-30 24.80 0.00 0.71
2015-03-31 24.96 0.00 1.20
2014-12-31 24.61 0.00 1.66
2014-09-30 24.39 0.00 2.01
2014-06-30 22.76 0.00 1.52
2014-03-31 21.28 0.00 0.46
2013-12-31 21.00 0.00 0.82
2013-09-30 21.26 0.00 0.95
2013-06-30 20.33 0.00 0.87
2013-03-31 20.44 0.00 1.49
2012-12-31 20.21 0.00 2.59
2012-09-30 17.93 0.00 0.82
2012-06-30 17.60 0.00 1.55
2012-03-31 16.07 0.00 3.35
  • Harte Gold's level of debt (41.2%) 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 41.2% today).
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.

  • Harte Gold has less than a year of cash runway based on current free cash flow.
  • Harte Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 86.3% each year.
X
Financial health checks
We assess Harte 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. Harte Gold has a total score of 0/6, 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 Harte 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 Harte Gold dividends. Estimated to be 0% next year.
If you bought $2,000 of Harte 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 Harte Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Harte 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:HRTF.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 2 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 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:HRTF.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 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 Harte Gold has not reported any payouts.
  • Unable to verify if Harte Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Harte Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harte Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Harte 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 Harte 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 Harte Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harte 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 Harte 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
Stephen Roman
COMPENSATION CA$400,000
AGE 65
TENURE AS CEO 10.2 years
CEO Bio

Mr. Stephen G. Roman, B.A., is a Co-Founder of Global Atomic Corporation (formerly, Global Atomic Fuels Corporation) and serves as Chief Executive Officer and President. Mr. Roman has been the Chief Executive Officer of Silvermet Inc. since August 2008 and also serves as its President. He has been the Chairman, Chief Executive Officer and President at Harte Gold Corp. since January 2009 and serves as its Resource Consultant. He served as the Chief Executive Officer and President of Belo Sun Mining Corp. (formerly Verena Minerals Corp)., from September 1, 2008 to February 26, 2010. He co-founded Global Atomic Fuels Corporation in 2005 and has been its Chairman, Chief Executive Officer and President since 2005. Mr. Roman serves as Energy Resource Industry Consultant. He has been involved in all aspects of the resource industry over the past 30 years and has successfully identified, developed, financed and brought into commercial production a number of significant mining and oil and gas projects. Mr. Roman is an Independent Mining Executive. His experience includes acting as a director and senior officer of Denison Mines Limited, Lawson Mardon Group and Zemex Corporation. He also served to modernize Canada's Armed Forces from 1984 to 1985 as Policy Adviser to the Minister of National Defense. In addition, he spearheaded the privatization of two major petrochemical companies in Central Europe. He co-founded Global Uranium Corp. and served as its Chief Executive Officer and President since January 2005. He served as the President at Silvermet Inc. until February 2009. Mr. Roman served as the Chief Executive Officer and President of Gold Eagle Mines Limited. (formerly known as Exall Resources Ltd.) from October 1978 to December 2006. He served as Vice President of Roman Corp. Ltd. from June 1988 to March 2006. He has been Chairman of the Board at Silvermet Inc. since August 2008. He has been an Executive Chairman at Exall Energy Corporation a subsidiary of Exall Resources Ltd. since December 2006. He served as the Chairman of Novácke Chemické Závody, a.s., since 2002. He served as a Co-Chairman of Gold Eagle Mines Ltd. since December 2006. He served as an Executive Chairman of Verena Minerals Corp. until February 26, 2010. He served as the Chairman of the Board at Gold Eagle Mines Limited. He served as Chairman of the Board of Exall Resources Ltd. from October 1978 to December 2006. Mr. Roman served as an Executive Chairman of Polar Star Mining Corporation until April 17, 2009. He served as a Vice Chairman of Gabriel Resources Ltd., from December 30, 1997 to May 2002. He served as a Member of the Board of Directors at Gold Eagle Mines Limited since June 30, 1978, Exall Energy Corp. since September 2006. He has been a Member of the Board at Directors at Silvermet Inc. since 2005. He has been a Member of the Board at Harte Gold Corp. since January 2009. He served as a Member of the Board at Polar Star Mining Corp. from August 1, 2007 to April 17, 2009. He served as a Member of the Board at Verena Minerals Corp. until February 26, 2010. Previously, he served as a Member of the Board at Verena Minerals Corp. from January 1996 to May 2002, Gabriel Resources Ltd. from July 15, 1997 to May 2002 and Roman Corp. Ltd. from June 1988 to March 2006. He is a director of the Advisory Board of the College of Management and Economics at the University of Guelph. Mr. Roman holds a Bachelor of Arts degree from the University of Guelph, Ontario in the field of Geology and Geography and is a Member of the Canadian Institute of Mining, Metallurgy and Petroleum.

CEO Compensation
  • Stephen's compensation has been consistent with company performance over the past year.
  • Stephen'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 Harte Gold management team in years:

1.9
Average Tenure
65
Average Age
  • The average tenure for the Harte Gold management team is less than 2 years, this suggests a new team.
Management Team

Stephen Roman

TITLE
Chairman
COMPENSATION
CA$400K
AGE
65
TENURE
10.2 yrs

Rein Lehari

TITLE
Chief Financial Officer
COMPENSATION
CA$235K
TENURE
10.2 yrs

Roger Emdin

TITLE
Vice President of Operations
COMPENSATION
CA$228K
TENURE
1.2 yrs

Tim Campbell

TITLE
Executive VP & Corporate Secretary
COMPENSATION
CA$271K
AGE
66
TENURE
0.2 yrs

George Flach

TITLE
Independent Consultant
COMPENSATION
CA$235K
AGE
57
TENURE
10.2 yrs

Shawn Howarth

TITLE
Vice President of Corporate Development
TENURE
1.8 yrs

John Kita

TITLE
Chief Mine Geologist
TENURE
2.1 yrs

David Stevenson

TITLE
Chief Exploration Geologist
TENURE
1.2 yrs

David Ellis

TITLE
Investor Relations Consultant
Board of Directors Tenure

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

2.9
Average Tenure
67
Average Age
  • The average tenure for the Harte Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stephen Roman

TITLE
Chairman
COMPENSATION
CA$400K
AGE
65
TENURE
10.2 yrs

Derek Rance

TITLE
Director
AGE
82
TENURE
8.7 yrs

Richard Faucher

TITLE
Director
AGE
69
TENURE
7.8 yrs

Richard Sutcliffe

TITLE
Director
TENURE
3.7 yrs

Richard Colterjohn

TITLE
Director
COMPENSATION
CA$25K
AGE
60
TENURE
2.1 yrs

Fergus Kerr

TITLE
Director
TENURE
1.2 yrs

Michael Scherb

TITLE
Director
TENURE
0.9 yrs

Mike Cowie

TITLE
Director
TENURE
0.8 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 ($) Value ($)
28. Nov 18 Buy Appian Capital Advisory LLP Company 23. Nov 18 23. Nov 18 3,228,626 $0.32 $1,025,580
01. Nov 18 Buy Fergus Kerr Individual 31. Oct 18 31. Oct 18 20,000 $0.40 $7,911
29. Oct 18 Buy Derek Rance Individual 22. Oct 18 22. Oct 18 200,000 $0.40 $79,366
09. Aug 18 Buy Shawn Howarth Individual 03. Aug 18 03. Aug 18 22,500 $0.25 $5,723
30. Jul 18 Buy Shawn Howarth Individual 26. Jul 18 26. Jul 18 25,000 $0.28 $7,025
X
Management checks
We assess Harte 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. Harte 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

Harte Gold Corp. acquires and explores for 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 unpatented mining claims and 4 mining leases covering an area of approximately 79,355 hectares located in Ontario. The company also holds interests in the Stoughton-Abitibi property located in 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 headquartered in Toronto, Canada.

Details
Name: Harte Gold Corp.
HRTF.F
Exchange: OTCPK
Founded: 1982
CA$173,153,136
599,739,500
Website: http://www.hartegold.com
Address: Harte Gold Corp.
8 King Street East,
Suite 1700,
Toronto,
Ontario, M5C 1B5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX HRT Common Shares The Toronto Stock Exchange CA CAD 11. Dec 2000
OTCPK HRTF.F Common Shares Pink Sheets LLC US USD 11. Dec 2000
DB H4O Common Shares Deutsche Boerse AG DE EUR 11. Dec 2000
Number of employees
Current staff
Staff numbers
0
Harte Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:23
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/02/25
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.