Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Canadian Gold's share price for the quarter that ended in Dec. 2023 was C$0.155. Canadian Gold's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 174.21 Mil. Therefore, Canadian Gold's market cap for the quarter that ended in Dec. 2023 was C$27.00 Mil.
Canadian Gold's quarterly market cap
increased
from Mar. 2023 (C$25.86 Mil) to Sep. 2023 (C$33.49 Mil) but then
declined
from Sep. 2023 (C$33.49 Mil) to Dec. 2023 (C$27.00 Mil).
Canadian Gold's annual market cap
declined
from Dec. 2021 (C$14.41 Mil) to Dec. 2022 (C$3.48 Mil) but then
increased
from Dec. 2022 (C$3.48 Mil) to Dec. 2023 (C$27.00 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Canadian Gold's Enterprise Value for Today is C$24.95 Mil.
Canadian Gold Market Cap Historical Data
The historical data trend for Canadian Gold's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Canadian Gold's Market Cap
For the Gold subindustry, Canadian Gold's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canadian Gold's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canadian Gold's Market Cap distribution charts can be found below:
* The bar in red indicates where Canadian Gold's Market Cap falls into.
Canadian Gold Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Canadian Gold's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Canadian Gold (TSXV:CGC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Canadian Gold Market Cap Related Terms
Thank you for viewing the detailed overview of Canadian Gold's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Canadian Gold Corp is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past-producing Tartan Lake Gold Mine Project, located in Flin Flon, Manitoba. In addition, the Company owns exploration properties in Ontario and Quebec surrounding some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON), and the Hammond Reef Project (ON).
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