Asante Gold Corp ASE

Morningstar Rating
CAD 1.44 −0.04 (2.70%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

ASE is trading at a 294% premium.
Price
CAD 1.44
Fair Value
CAD 5.29
Uncertainty
Very High
1-Star Price
CAD 3.98
5-Star Price
CAD 2.22
Economic Moat
Hjgm
Capital Allocation

Trading Information

Previous Close Price
CAD 1.48
Day Range
CAD 1.431.48
52-Week Range
CAD 0.831.75
Bid/Ask
CAD 1.44 / CAD 1.45
Market Cap
CAD 641.35 Mil
Volume/Avg
13,200 / 262,897

Key Statistics

Price/Earnings (Normalized)
Price/Sales
1.04
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
0.01%

Company Profile

Asante Gold Corp is an exploration-stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Small Core
Total Number of Employees
1,373

Comparables

Valuation

Metric
ASE
MAU
ABRA
Price/Earnings (Normalized)
6.56
Price/Book Value
6.9110.37
Price/Sales
1.04
Price/Cash Flow
5.22
Price/Earnings
ASE
MAU
ABRA

Financial Strength

Metric
ASE
MAU
ABRA
Quick Ratio
0.065.6824.25
Current Ratio
0.225.7524.62
Interest Coverage
−4.43−1,617.55−10.61
Quick Ratio
ASE
MAU
ABRA

Profitability

Metric
ASE
MAU
ABRA
Return on Assets (Normalized)
−3.35%−28.40%−42.61%
Return on Equity (Normalized)
−29.70%−63.10%
Return on Invested Capital (Normalized)
−8.89%−31.11%−55.12%
Return on Assets
ASE
MAU
ABRA

Gold Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
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Zijin Mining Group Co Ltd Class H
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Newmont Corp Chess Depository Interest
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Mbsr$61.8 Bil
Newmont Corp
NEM
TfpsdwxpYcm$61.8 Bil
Agnico Eagle Mines Ltd
AEM
BrsszmygXgf$41.1 Bil
Barrick Gold Corp
GOLD
TrgpxcrsYhfr$35.6 Bil
Wheaton Precious Metals Corp
WPM
FqwhxdyzfYmvd$28.4 Bil
Franco-Nevada Corp
FNV
Lsnjh$24.2 Bil
Gold Fields Ltd
GFIOF
Wvbk$14.5 Bil
Kinross Gold Corp
KGC
NzsmCrhs$11.7 Bil

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