Us Goldmining Common Stock Price To Book
| USGO Stock | 8.32 0.42 4.81% |
US GoldMining Common fundamentals help investors to digest information that contributes to US GoldMining's financial success or failures. It also enables traders to predict the movement of USGO Stock. The fundamental analysis module provides a way to measure US GoldMining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to US GoldMining stock.
As of the 22nd of December 2024, Price To Book Ratio is likely to drop to 8.49. USGO | Price To Book |
US GoldMining Common Company Price To Book Analysis
US GoldMining's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current US GoldMining Price To Book | 19.43 X |
Most of US GoldMining's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, US GoldMining Common is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
USGO Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for US GoldMining is extremely important. It helps to project a fair market value of USGO Stock properly, considering its historical fundamentals such as Price To Book. Since US GoldMining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of US GoldMining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of US GoldMining's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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USGO Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, US GoldMining Common has a Price To Book of 19.4295 times. This is 59.52% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The price to book for all United States stocks is 104.31% lower than that of the firm.
USGO Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses US GoldMining's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of US GoldMining could also be used in its relative valuation, which is a method of valuing US GoldMining by comparing valuation metrics of similar companies.US GoldMining is currently under evaluation in price to book category among its peers.
US GoldMining ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, US GoldMining's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to US GoldMining's managers, analysts, and investors.Environmental | Governance | Social |
USGO Fundamentals
| Return On Equity | -1.71 | ||||
| Return On Asset | -0.92 | ||||
| Current Valuation | 100.63 M | ||||
| Shares Outstanding | 12.44 M | ||||
| Shares Owned By Insiders | 88.08 % | ||||
| Shares Owned By Institutions | 4.22 % | ||||
| Number Of Shares Shorted | 61.9 K | ||||
| Price To Book | 19.43 X | ||||
| EBITDA | (9.3 M) | ||||
| Net Income | (9.36 M) | ||||
| Total Debt | 135.35 K | ||||
| Book Value Per Share | 0.98 X | ||||
| Cash Flow From Operations | (9.43 M) | ||||
| Short Ratio | 0.19 X | ||||
| Earnings Per Share | (0.82) X | ||||
| Target Price | 24.0 | ||||
| Market Capitalization | 103.54 M | ||||
| Total Asset | 13.02 M | ||||
| Retained Earnings | (14.48 M) | ||||
| Working Capital | 11.49 M | ||||
| Net Asset | 13.02 M |
About US GoldMining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze US GoldMining Common's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of US GoldMining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of US GoldMining Common based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with US GoldMining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if US GoldMining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in US GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving together with USGO Stock
Moving against USGO Stock
| 0.65 | BYU | BAIYU Holdings | PairCorr |
| 0.5 | FMST | Foremost Lithium Resource | PairCorr |
| 0.41 | WRN | Western Copper | PairCorr |
| 0.36 | TMC | TMC the metals | PairCorr |
| 0.34 | XPL | Solitario Exploration | PairCorr |
The ability to find closely correlated positions to US GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US GoldMining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back US GoldMining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling US GoldMining Common to buy it.
The correlation of US GoldMining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US GoldMining Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for US GoldMining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out US GoldMining Piotroski F Score and US GoldMining Altman Z Score analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of US GoldMining. If investors know USGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about US GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Return On Assets (0.92) | Return On Equity (1.71) |
The market value of US GoldMining Common is measured differently than its book value, which is the value of USGO that is recorded on the company's balance sheet. Investors also form their own opinion of US GoldMining's value that differs from its market value or its book value, called intrinsic value, which is US GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US GoldMining's market value can be influenced by many factors that don't directly affect US GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if US GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.