Giga Metals (GIGA) Stock Price, News & Analysis

Company Overview

Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 75 contiguous mineral claims covering an area of approximately 40,069 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017. Giga Metals Corporation was incorporated in 1983 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$0.13 to C$0.14
• 50-Day Range: C$0.07 to C$0.15
• 52-Week Range: C$0.07 to C$0.16
• Volume: 55,600 shs
• Average Volume: 76,817 shs
• Market Capitalization: C$14.78 million
• P/E Ratio: N/A
• Dividend Yield: 0.34%
• Price Target: C$0.75
• Consensus Rating: Buy

Giga Metals Stock Analysis - MarketRank™

Giga Metals scored higher than 24% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Giga Metals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Upside Potential

Giga Metals has a consensus price target of C$0.75, representing about 500.0% upside from its current price of C$0.13.

Amount of Analyst Coverage

Giga Metals has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Giga Metals is -6.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Giga Metals is -6.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Giga Metals has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for GIGA.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Giga Metals has a dividend yield of 0.34%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Giga Metals does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for GIGA.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: N/A

News Sentiment

Giga Metals has a news sentiment score of -0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Basic Materials companies.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Giga Metals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.36% of the stock of Giga Metals is held by insiders.

Percentage Held by Institutions

Only 19.89% of the stock of Giga Metals is held by institutions.

GIGA Stock Analysis - Frequently Asked Questions

How have GIGA shares performed this year?

Giga Metals' stock was trading at C$0.13 at the start of the year. Since then, GIGA shares have increased by 0.0% and is now trading at C$0.13.

How do I buy shares of Giga Metals?

Shares of GIGA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Giga Metals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Giga Metals investors own include Plug Power (PLUG), Shoal Point Energy (SHP), Novavax (NVAX), Aurora Cannabis (ACB), Acasti Pharma (ACST), ADOMANI (ADOM) and BHP Group (BHP).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: CVE:GIGA
• CIK: N/A
• Web: www.hardcreek.com
• Phone: 604-681-2300
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Giga Metals: C$0.75
• High Price Target: C$0.75
• Low Price Target: C$0.75
• Potential Upside/Downside: +500.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$1.69 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -8.75%
• Return on Assets: -5.22%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 4.83
• Quick Ratio: 14.39

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.04 per share
• Price / Cash Flow: 3.35
• Book Value: C$0.22 per share
• Price / Book: 0.58

Miscellaneous

• Outstanding Shares: 118,237,000
• Free Float: N/A
• Market Cap: C$14.78 million
• Optionable: Not Optionable
• Beta: 0.22