RE:RE:Q3 Financials - Net Income for 3rd qtr US$15 million
Calculating trailing 4 quarter Price / Earnings ratio comes out to 5.84 : 1 for Calibre Mining.
Q4 2020 net income was : US$23.3 million
9 month 2021 net income : US$43.6 million
Trailing 4 qtr net income : US$66.9 million
US CDN exchange rate $1.24 X US$66.9 million = C$82.956 million
C$82.956 / 341,351,000 shares outstanding = C$0.243 / share
Closing share price C$1.42 / $0.243 = 5.84 : 1
I was expecting the P/E ratio to go up closer to 10 : 1 or higher as the big numbers in Q3 and Q4 2020 were replaced by 2021 numbers which the company was guiding due to mining sequencing.
However, Q4 2021 could come close to matching the 2020 Q4 US$23.3 million net income considering the company is forecasting Q4 '21 as being the strongest quarter of the year and the present P/E could very well remain around a 6:1 ratio for the full year 2021.
Should do a calculation for the proposed combined company and the approximate 445 million shares outstanding after the acquistion. Combined rsources of 7.5 million ounces of gold insn't too shabby either.
Are there any peer group gold producers with a P/E as low as Calibre's ?
GLTA !