Xtra-Gold Resources Corp. - XTG.TO

XTG.TO Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
XTG.TO	5.1	3.8	7.2	29.1	18.8	72.6	46.4	248.9	1071.4	-15.9
S&P 500	0.4	-1.5	0.5	6.1	11.1	29.6	25.3	88.8	187.2	33272.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	XTG.TO
name	Xtra-Gold Resources Corp.
price	1.64
changes percentage	5.13
change	0.08
day low	1.57
day high	1.64
year high	1.65
year low	0.90
market cap	75463452
price avg 50	1.52
price avg 200	1.29
exchange	TSX
volume	8431
avg volume	13347
open	1.57
previous close	1.60
eps	0.01
pe	164
earnings announcement	2023-03-31T04:00:00.000+0000
shares outstanding	46014300
timestamp	2024-11-18 20:59:30

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 24.0%

Overall Quarterly Financial Health: 57.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	-188356	100.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	1258532	1516701	-17.02
interest income	371.52	143.41	159.07
interest expense	0	-6263323	100.00
ebitda	2268822	-939033	341.61
ebitdaratio	0	0	NaN
operating income	-1258532	-4831556	73.95
operating income ratio	0	0	NaN
net income	-165928	631767	-126.26
net income ratio	0	0	NaN
eps	-0.0	0.01	-126.47

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 0 million in 2023 from 0 million in 2022 representing a change of 100.0%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 1 million in 2023 from 2 million in 2022 representing a change of -17.02%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 2 million in 2023 from -1 million in 2022 representing a change of 341.61%. The increase in EBITDA indicates improved operational efficiency and profitability.

• 📉 Negative Indicators

  Operating Income: Operating income decreased to -1 million in 2023 from -5 million in 2022 representing a change of 73.95%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 0 million in 2023 from 1 million in 2022 representing a change of -126.26%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.0 in 2023 from -0.0 in 2022 representing a change of -126.47%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-37473	-36580	-2.44
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	-37473	441831	-108.48
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	-240519	-441831	45.56
ebitdaratio	0	0	NaN
operating income	0	-441831	100.00
operating income ratio	0	0	NaN
net income	1462598	664764	120.02
net income ratio	0	0	NaN
eps	0.03	0.01	218.00

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -2.44%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 45.56%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Net Income: Net income decreased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of 120.02%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -108.48%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 100.0%. The increase in operating income indicates better operational performance and increased profitability.

  Earnings per Share (EPS): EPS increased to 0.03 in 2024Q3 from 0.03 in 2024Q2 representing a change of 218.0%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	11860586	11881013	-0.17
total liabilities	1519103	1406679	7.99
total equity	10341483	10474334	-1.27
cash and cash equivalents	7154462	5781000	23.76
short term investments	2212401	3497166	-36.74
long term investments	0	0	NaN
total current assets	10286645	10178896	1.06
total non current assets	1573941	1702117	-7.53
total current liabilities	1519103	1406679	7.99
total non current liabilities	0	0	NaN
common stock	46201	46447	-0.53
retained earnings	-21511326	-21345398	-0.78
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.22 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 12 million in 2023 from 12 million in 2022 representing a change of -0.17%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 2 million in 2023 from 1 million in 2022 representing a change of 7.99%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 10 million in 2023 from 10 million in 2022 representing a change of -1.27%. This indicates a decrease in shareholders' equity.

  Short Term Investments: Short Term Investments decreased to 2 million in 2023 from 3 million in 2022 representing a change of -36.74%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 2 million in 2023 from 1 million in 2022 representing a change of 7.99%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 0 in 2023 from 0 in 2022 representing a change of -0.53%. This indicates a decrease in ownership interest.

  Retained Earnings: Retained Earnings decreased to -22 million in 2023 from -21 million in 2022 representing a change of -0.78%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 7 million in 2023 from 6 million in 2022 representing a change of 23.76%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 10 million in 2023 from 10 million in 2022 representing a change of 1.06%. This indicates a better liquidity position.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	15318885	13511022	13.38
total liabilities	2035673	1815670	12.12
total equity	13283212	11695352	13.58
cash and cash equivalents	10558207	8176181	29.13
short term investments	2864868	3194568	-10.32
long term investments	0	0	NaN
total current assets	13811301	11965965	15.42
total non current assets	1507584	1545057	-2.43
total current liabilities	2035673	1815670	12.12
total non current liabilities	0	0.0	-100.00
common stock	46027	46056	-0.06
retained earnings	-18872977	-20335575	7.19
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 15 million in 2024Q3 from 14 million in 2024Q2 representing a change of 13.38%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 13 million in 2024Q3 from 12 million in 2024Q2 representing a change of 13.58%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 11 million in 2024Q3 from 8 million in 2024Q2 representing a change of 29.13%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 14 million in 2024Q3 from 12 million in 2024Q2 representing a change of 15.42%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to -19 million in 2024Q3 from -20 million in 2024Q2 representing a change of 7.19%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of 12.12%. This indicates an increase in overall liabilities.

  Short Term Investments: Short Term Investments decreased to 3 million in 2024Q3 from 3 million in 2024Q2 representing a change of -10.32%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of 12.12%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 0 in 2024Q3 from 0 in 2024Q2 representing a change of -0.06%. This indicates a decrease in ownership interest.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	1373462	1105672	24.22
operating cash flow	1814162	1528415	18.70
free cash flow	1776440	1268813	40.01
capital expenditure	-37722	-259602	85.47
depreciation and amortization	165898	188356	-11.92
deferred income tax	-0.0	0	NaN
stock based compensation	23750	237078	-89.98
accounts payables	155868	1.59	9,821,450.09
inventory	-21658	179331	-112.08
acquisitions net	0	0	NaN
investments in property plant and equipment	-37722	-259602	85.47
net cash used for investing activites	-269375	-259602	-3.76
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-171325	-163141	-5.02
dividends paid	0	0	NaN
net cash used provided by financing activities	-171325	-163141	-5.02
cash at end of period	7450784	6077322	22.60
accounts receivables	0	-1.59	100.00
cash at beginning of period	6077322	4971650	22.24

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	1817215	767452	136.79
free cash flow	1817215	726595	150.10
capital expenditure	0	-40857	100.00
depreciation and amortization	37473	36580	2.44
deferred income tax	0	0	NaN
stock based compensation	0	139138	-100.00
accounts receivables	-15982	-85133	81.23
accounts payables	0	0	NaN
inventory	203854	31388	549.46
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-40857	100.00
net cash used for investing activites	575755	-985569	158.42
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-10944	-52728	79.24
dividends paid	0	0	NaN
net cash used provided by financing activities	-10944	-52728	79.24
net change in cash	2382026	-270845	979.48
cash at end of period	10854529	8472503	28.11
cash at beginning of period	8472503	8743348	-3.10

Overall Score of Quarterly Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 2 million in 2024Q3 from 0 million in 2024Q2 representing a change of 979.48%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 2 million in 2024Q3 from 1 million in 2024Q2 representing a change of 136.79%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 2 million in 2024Q3 from 1 million in 2024Q2 representing a change of 150.1%. This indicates an increase in cash generated after accounting for capital expenditures.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 81.23%. This suggests that the company is less capable of collecting payments from its customers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.0	0.01	-126.37
operating cash flow per share	0.04	0.03	19.16
free cash flow per share	0.04	0.03	40.56
cash per share	0.2	0.2	1.35
book value per share	0.22	0.23	-0.88
tangible book value per share	0.22	0.23	-0.88
shareholders equity per share	0.22	0.23	-2.60
interest debt per share	0	-0.13	100.00
market cap	36699622.59	29871186.68	22.86
enterprise value	29545160.59	24090186.68	22.64
pe ratio	-221.18	47.28	-567.79
price to sales ratio	0	0	NaN
pocfratio	20.23	19.54	3.51
pfcf ratio	20.66	23.54	-12.25
pb ratio	3.59	2.84	26.63
ptb ratio	3.59	2.84	26.63
ev to sales	0	0	NaN
enterprise value over ebitda	13.02	-25.65	150.76
ev to operating cash flow	16.29	15.76	3.33
ev to free cash flow	16.63	18.99	-12.40
earnings yield	-0.0	0.02	-121.38
free cash flow yield	0.05	0.04	13.96
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-3.15	6.16	-151.22
current ratio	6.77	7.24	-6.42
interest coverage	0	0.77	-100.00
income quality	123.21	2.0	6,065.73
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.02	0.17	-87.76
capex to revenue	0	0	NaN
capex to depreciation	0.23	1.38	-83.50
stock based compensation to revenue	0	0	NaN
graham number	0.13	0.26	-49.32
roic	-0.0	-0.22	99.08
return on tangible assets	-0.01	0.05	-126.31
graham net net	0.18	0.18	0.24
working capital	8767542	8772217	-0.05
tangible asset value	10341483	10474334	-1.27
net current asset value	8767542	8772217	-0.05
invested capital	10045161	10178012	-1.31
average receivables	0	51602	-100.00
average payables	34860.5	34306.57	1.61
average inventory	806768	885604.5	-8.90
days sales outstanding	0	0	NaN
days payables outstanding	0	130.97	-100.00
days of inventory on hand	0	1542.39	-100.00
receivables turnover	0	0	NaN
payables turnover	0	2.79	-100.00
inventory turnover	0	0.24	-100.00
roe	-0.02	0.06	-127.07
capex per share	0.0	0.01	-85.41

• Negative

  ROE: Return on Equity (ROE) decreased to -0.02 on 2023-12-31 from 0.06 on 2022-12-31, representing a change of -127.07%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -221.18 on 2023-12-31 from 47.28 on 2022-12-31, representing a change of -567.79%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 6.77 on 2023-12-31 from 7.24 on 2022-12-31, representing a change of -6.42%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
XTG.TO
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	0.03	0.01	217.78
operating cash flow per share	0.04	0.01	242.00
free cash flow per share	0.04	0.01	261.23
cash per share	0.29	0.17	70.50
book value per share	0.29	0.18	64.04
tangible book value per share	0.29	0.18	64.04
shareholders equity per share	0.28	0.17	62.80
interest debt per share	0	0	NaN
market cap	52388665.77	58838664.99	-10.96
enterprise value	41830458.77	50662483.99	-17.43
pe ratio	8.95	22.13	-59.53
price to sales ratio	0	0	NaN
pocfratio	28.83	76.67	-62.40
pfcf ratio	28.83	80.98	-64.40
pb ratio	4.07	5.15	-21.01
ptb ratio	4.07	5.15	-21.01
ev to sales	0	0	NaN
enterprise value over ebitda	-173.92	-114.66	-51.67
ev to operating cash flow	23.02	66.01	-65.13
ev to free cash flow	23.02	69.73	-66.99
earnings yield	0.03	0.01	147.11
free cash flow yield	0.03	0.01	180.89
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	43.9	18.51	137.22
current ratio	6.78	6.59	2.95
interest coverage	0	0	NaN
income quality	1.14	1.15	-1.55
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0.05	-100.00
capex to revenue	0	0	NaN
capex to depreciation	0	1.12	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.45	0.2	127.45
roic	0	-0.03	100.00
return on tangible assets	0.1	0.05	94.05
graham net net	0.25	0.15	70.02
working capital	11775628	10150295	16.01
tangible asset value	13283212	11695352	13.58
net current asset value	11775628	10150295	16.01
invested capital	12986890	11399030	13.93
average receivables	0	0	NaN
average payables	4438	3104.5	42.95
average inventory	326286	443907	-26.50
days sales outstanding	0	0	NaN
days payables outstanding	13.3	8.22	61.88
days of inventory on hand	538.85	1053.56	-48.85
receivables turnover	0	0	NaN
payables turnover	6.77	10.96	-38.22
inventory turnover	0.17	0.09	95.52
roe	0.11	0.06	95.20
capex per share	0	0.0	-100.00

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 8.95 on 2024-09-30 Q3 from 22.13 on 2024-06-30 Q2, representing a change of -59.53%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 6.78 on 2024-09-30 Q3 from 6.59 on 2024-06-30 Q2, representing a change of 2.95%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.22 which is lower than current price 1.64, indicates the company may be overvalued.