West Red Lake Gold Mines Inc., an exploration stage company, focuses on the exploration and development of gold deposits in the Red Lake Gold District of Northwestern Ontario, Canada.
The last earnings update was 26 days ago.
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
West Red Lake Gold Mines. 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
West Red Lake Gold Mines's
is considered below, and whether this is a fair price.
Price based on past earnings
West Red Lake Gold Mines'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 West Red Lake Gold Mines 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
West Red Lake Gold Mines
expected to grow at an
Unable to compare West Red Lake Gold Mines's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare West Red Lake Gold Mines's earnings growth to the Canada market average as no estimate data is available.
Unable to compare West Red Lake Gold Mines's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if West Red Lake Gold Mines is high growth as no earnings estimate data is available.
Unable to determine if West Red Lake Gold Mines 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.
West Red Lake Gold Mines'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.
West Red Lake Gold Mines
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
West Red Lake Gold Mines's finances.
The net worth of a company is the difference between its assets and liabilities.
West Red Lake Gold Mines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
West Red Lake Gold Mines's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
West Red Lake Gold Mines'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
West Red Lake Gold Mines has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
Mr. Thomas Wright Meredith, also known as Tom, has been an Executive Chairman and Director of West Red Lake Gold Mines Inc. since August 31, 2013 and October 18, 2012 respectively and serves as its Acting Chief Executive Officer. Mr. Meredith serves as Strategic Advisor of McLaren Resources Inc. Mr. Meredith serves as the President of Vedron Gold Inc., a gold exploration company. He served as the Chief Executive Officer of Lexam VG Gold Inc. (formerly VG Gold Corp.) since 1995 until December 27, 2011 and served as its President from 1995 to December 27, 2011. Mr. Meredith served as an Acting Chief Financial Officer of Lexam VG Gold Inc. He has 30 years experience in the junior mining industry. Prior to VG Gold, he served as Vice President of Operations for Northfield Metals Inc., where he was responsible for initiating production at the Cheminis Gold Mine near Kirkland Lake, Ontario. He served as the Chairman of the Board at West Red Lake Gold Mines Inc. from October 18, 2012 to August 31, 2013. He was a Director of Highvista Gold Inc. since July 28, 2015 until December 2018. He has been an Independent Director at Grid Metals Corp. (formerly, Mustang Minerals Corporation) since 1996. He served as a Director of Lexam VG Gold Inc. from August 8, 1994 to May 8, 2012.
Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
Tom's remuneration is lower than average for companies of similar size in Canada.
Executive Chairman & Acting CEO
Board of Directors Tenure
Average tenure of the
West Red Lake Gold Mines
board of directors in years:
The tenure for the West Red Lake Gold Mines board of directors is about average.
Board of Directors
Executive Chairman & Acting CEO
Independent Vice Chairman
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by West Red Lake Gold Mines individual insiders in the past 3 months, but not in substantial volumes.
Did You Manage To Avoid West Red Lake Gold Mines's (CNSX:RLG) Painful 65% Share Price Drop?
Check out our latest analysis for West Red Lake Gold Mines West Red Lake Gold Mines didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … It seems likely some shareholders believe that West Red Lake Gold Mines will find or develop a valuable new mine before too long. … A Different Perspective It's nice to see that West Red Lake Gold Mines shareholders have gained 6.3% (in total) over the last year.
Do Institutions Own Shares In West Red Lake Gold Mines Inc (CNSX:RLG)?
If you want to know who really controls West Red Lake Gold Mines Inc (CNSX:RLG), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … West Red Lake Gold Mines is a smaller company with a market capitalization of CA$7m, so it may still be flying under the radar of many institutional investors.
Who Are The Largest Shareholders In West Red Lake Gold Mines Inc (CNSX:RLG)?
In this analysis, my focus will be on developing a perspective on West Red Lake Gold Mines Inc’s (CNSX:RLG) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … See our latest analysis for West Red Lake Gold Mines
West Red Lake Gold Mines Inc., an exploration stage company, focuses on the exploration and development of gold deposits in the Red Lake Gold District of Northwestern Ontario, Canada. It holds interests in the West Red Lake project that consists of three contiguous properties comprising Rowan Mine, Mount Jamie Mine, and Red Summit Mine properties covering an area of 3,100 hectares located in Red Lake mining division, District of Kenora (Patricia Portion), Northwestern Ontario. The company was formerly known as Hy Lake Gold Inc. and changed its name to West Red Lake Gold Mines Inc. in June 2012. West Red Lake Gold Mines Inc. was incorporated in 1991 and is based in Toronto, Canada.
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