Serabi Gold (SRB) Share Price, News & Analysis

Company Overview

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. the Company's primary interests are its 100% owned Palito Mining Complex and the more recently acquired Coringa Gold Project both located in the Tapajos region of northern Brazil. The Palito Mining Complex includes over 50,800 hectares of contiguous and highly prospective exploration tenements that the Company controls, whilst the Coringa project forms part of a eight kilometre continuous strike of historic artisanal mine workings and includes seven separate concessions totalling over 13,000 hectares. Combined gold production from the Palito Mining Complex is currently approximately 40,000 ounces per annum, whilst the Coringa Project, when in production, is forecast to produce an average of 38,000 ounces per annum. The Palito Mining Complex comprises the Palito and Sao Chico orebodies, which provide ore feed to a centralised 500tpd central processing plant. Both mines are narrow vein underground mining operations with mined ore grades typically of between 7.000 g/t and 9.00 g/t being achieved. Mining at Palito uses shrinkage stoping whilst Sao Chico is a narrow vein longhole stoping operation. The Company acquired the Coringa Project in December 2017 and is in the process of obtaining the necessary permits to commence development and construction of the plant which had been acquired by the previous owner. Coringa, which has an average Measured and Indicated Resource grade of 8.24 g/t, will be operated as a narrow vein, underground mining operation and therefore has significant operational similarities to the Company's existing mining operations.

Key Stats

• Today's Range: 345 to 360
• 50-Day Range: 250 to 357.35
• 52-Week Range: 138 to 375
• Volume: 144,076 shs
• Average Volume: 448,671 shs
• Market Capitalization: £270.37 million
• P/E Ratio: 5.02
• Dividend Yield: 5.90%
• Price Target: N/A
• Consensus Rating: N/A

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: N/A
• Current Symbol: LON:SRB
• CIK: N/A
• Web: www.serabigold.com
• Phone: +44-20-72466830
• Fax: N/A
• Employees: 646
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): GBX 71.18
• Trailing P/E Ratio: 4.95
• Forward P/E Ratio: 7.61
• P/E Growth: N/A
• Net Income: £24.84 million
• Net Margins: 34.60%
• Pretax Margin: N/A
• Return on Equity: 37.38%
• Return on Assets: 5.53%

Debt

• Debt-to-Equity Ratio: 4.21
• Current Ratio: 3.41
• Quick Ratio: 1.26

Sales & Book Value

• Annual Sales: £155.85 million
• Price / Sales: 1.71
• Cash Flow: GBX 165.50 per share
• Price / Cash Flow: 2.13
• Book Value: GBX 136.58 per share
• Price / Book: 2.58

Miscellaneous

• Outstanding Shares: 75,735,000
• Free Float: N/A
• Market Cap: £266.59 million
• Optionable: Not Optionable
• Beta: 0.78