CA$5.5B Market Cap 2021:
Q1 Net income = US$27M
Q2 Net income = US$21.8M
Q3 Net income = US$15M
Q4 Net income = -US$37.3
2021 Total Net income = US$101.1
AR traded at a high of CA$4.09 year-2021
As at December 31, 2021 shares outstanding balance = 311,197,075
4.09 * 311,197,075 = CA$1,272,796,036.75
CA$1,272,796,036.75 / US$101.1 = 12.59 (End of 2021 P/E ratio)
IBKR states AR currently holds a forward P/E ratio of 14.58
The average P/E ratio of 82 gold mining companies is 30
AGI P/E ratio is approximately 30
CA$5.5B / 30 = CA$183,333,333
CA$183,333,333 net annual income, multiplied by P/E ratio of 30, equals CA$5.5B
Magino cash flow model generates US$173M year-2024
The company owns and operates several other gold mines..
I would expect future cash flows to be much higher.
