- China Gold International Invites Shareholders and Investment Community to visit them at Booth 2139 at PDAC 2026 in Toronto, March 1-4
Feb 26, 2026
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Visit China Gold International (TSX: CGG) (OTC Pink: JINFF) at Booth #2139 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.
About China Gold International
China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The Company's objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKE X: 2099). For further information on the Company, please refer to SEDAR's website at www.sedar.com, The Stock Exchange of Hong Kong Limited's website at www.hkex.com.hk
About PDAC
The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.
The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.
For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.
We look forward to seeing you there.
For further information:
China Gold International
Jerry Xie
+1-604-609-0598
jerryx@chinagoldintl.com
http://www.chinagoldintl.com/
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- China Gold International Invites Shareholders and Investment Community to Visit Them at Booth 2139 at PDAC 2026 in Toronto, March 1-4
Feb 23, 2026
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2026) - Visit China Gold International (TSX: CGG) (OTC Pink: JINFF) at Booth #2139 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.
About China Gold International
China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The Company's objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKE X: 2099). For further information on the Company, please refer to SEDAR's website at www.sedarplus.ca, The Stock Exchange of Hong Kong Limited's website at www.hkex.com.hk, the Company's website at www.chinagoldintl.com, or call the Company at +1-604-609-0598 and email to info@chinagoldintl.com.
About PDAC
The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.
The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.
For more information and/or to register for the conference, please visit: https://www.pdac.ca/convention.
We look forward to seeing you there.
For further information:
China Gold International
Kevin Shum
6043760323
kevin@jeminicapital.com
https://www.chinagoldintl.com/
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- China Gold International Resources (TSE:CGG) sheds 4.1% this week, as yearly returns fall more in line with earnings growth
Feb 16, 2026
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality companies can see their share prices grow by huge amounts. To wit, the China Gold International Resources Corp. Ltd. (TSE:CGG) share price has soared 744% over five years. This just goes to show the value creation that some businesses can achieve. It's also good to see the share price up 40% over the last quarter. We love happy stories like this one. The company should be really proud of that performance!
While the stock has fallen 4.1% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
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While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the five years of share price growth, China Gold International Resources moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).TSX:CGG Earnings Per Share Growth February 16th 2026
We know that China Gold International Resources has improved its bottom line lately, but is it going to grow revenue? This freereport showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained.
What About Dividends?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, China Gold International Resources' TSR for the last 5 years was 913%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
A Different Perspective
It's nice to see that China Gold International Resources shareholders have received a total shareholder return of 296% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 59%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Before forming an opinion on China Gold International Resources you might want to consider these 3 valuation metrics.
Story Continues
We will like China Gold International Resources better if we see some big insider buys. While we wait, check out this freelist of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- 3 TSX Stocks That Might Be Trading Below Their Estimated Value
Jan 29, 2026
As the Bank of Canada prepares to meet, maintaining steady interest rates is seen as a supportive measure for the Canadian economy amidst signs of cooling inflation. In this environment, identifying stocks that might be trading below their estimated value can offer investors potential opportunities for growth, especially when considering factors such as market stability and economic indicators.
Top 10 Undervalued Stocks Based On Cash Flows In Canada
Name Current Price Fair Value (Est) Discount (Est) Pan American Silver (TSX:PAAS) CA$89.31 CA$137.08 34.8% Lithium Royalty (TSX:LIRC) CA$10.57 CA$18.06 41.5% kneat.com (TSX:KSI) CA$4.80 CA$9.30 48.4% Kits Eyecare (TSX:KITS) CA$20.29 CA$38.13 46.8% Haivision Systems (TSX:HAI) CA$8.40 CA$14.42 41.7% Exchange Income (TSX:EIF) CA$98.81 CA$168.18 41.2% EQB (TSX:EQB) CA$107.32 CA$187.41 42.7% China Gold International Resources (TSX:CGG) CA$43.09 CA$78.67 45.2% Alamos Gold (TSX:AGI) CA$60.28 CA$105.43 42.8% Ag Growth International (TSX:AFN) CA$30.60 CA$49.70 38.4%
Click here to see the full list of 22 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.
Let's take a closer look at a couple of our picks from the screened companies.
Alamos Gold
Overview: Alamos Gold Inc. is a gold producer with operations in Canada, Mexico, and the United States, and has a market cap of CA$24.87 billion.
Operations: The company's revenue segments are comprised of $432.60 million from Mulatos and $477.80 million from Young-Davidson.
Estimated Discount To Fair Value: 42.8%
Alamos Gold is trading at a significant discount to its estimated future cash flow value, making it an attractive option for those seeking undervalued stocks. Despite slower revenue growth forecasts compared to the 20% benchmark, its earnings are expected to grow significantly over the next three years. Recent exploration success at Lynn Lake and Qiqavik projects enhances long-term production potential, supporting robust cash flow prospects. Record annual revenues of US$1.8 billion in 2025 further underscore its financial strength.
In light of our recent growth report, it seems possible that Alamos Gold's financial performance will exceed current levels. Click here and access our complete balance sheet health report to understand the dynamics of Alamos Gold.TSX:AGI Discounted Cash Flow as at Jan 2026
Almonty Industries
Overview: Almonty Industries Inc. is involved in the mining, processing, and shipping of tungsten concentrate with a market cap of CA$4.19 billion.
Operations: Almonty Industries Inc. generates its revenue through activities related to the extraction, refinement, and distribution of tungsten concentrate.
Story Continues
Estimated Discount To Fair Value: 25.9%
Almonty Industries is trading below its estimated future cash flow value, suggesting potential undervaluation. The company's transition to active mining operations at the Sangdong Mine and acquisition of the Gentung Browns Lake Project in the U.S. bolster its position in securing non-China tungsten supply, enhancing long-term revenue prospects. Despite recent shareholder dilution and insider selling, Almonty's forecasted earnings growth outpaces market averages, with profitability expected within three years, driven by strategic expansions and operational advancements.
The growth report we've compiled suggests that Almonty Industries' future prospects could be on the up. Navigate through the intricacies of Almonty Industries with our comprehensive financial health report here.TSX:AII Discounted Cash Flow as at Jan 2026
Badger Infrastructure Solutions
Overview: Badger Infrastructure Solutions Ltd. offers non-destructive excavating and related services across Canada and the United States, with a market cap of CA$2.64 billion.
Operations: The company generates revenue of $805.35 million from its non-destructive excavating and related services in Canada and the United States.
Estimated Discount To Fair Value: 10.6%
Badger Infrastructure Solutions, trading at CA$78.02, is slightly undervalued compared to its estimated future cash flow value of CA$87.32. Recent earnings reports show a robust increase in net income and sales year-over-year, with earnings per share rising from US$0.68 to US$0.86 in Q3 2025. Despite carrying high debt levels, the company's forecasted annual profit growth of 24.4% surpasses the Canadian market average, indicating strong potential for future profitability expansion.
Insights from our recent growth report point to a promising forecast for Badger Infrastructure Solutions' business outlook. Click here to discover the nuances of Badger Infrastructure Solutions with our detailed financial health report.TSX:BDGI Discounted Cash Flow as at Jan 2026
Turning Ideas Into Actions
Take a closer look at our Undervalued TSX Stocks Based On Cash Flows list of 22 companies by clicking here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
Searching for a Fresh Perspective?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:AGI TSX:AII and TSX:BDGI.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- TSX Value Picks: Avino Silver & Gold Mines Among 3 Companies Estimated Below Intrinsic Value
Jan 27, 2026
As the Bank of Canada prepares to hold interest rates steady, investors are closely watching for signs of cooling inflation and its impact on the Canadian economy. In this environment, identifying stocks that are estimated to be trading below their intrinsic value can offer potential opportunities for investors seeking value in the market.
Top 10 Undervalued Stocks Based On Cash Flows In Canada
Name Current Price Fair Value (Est) Discount (Est) Lithium Royalty (TSX:LIRC) CA$10.58 CA$18.27 42.1% kneat.com (TSX:KSI) CA$4.78 CA$9.28 48.5% Kits Eyecare (TSX:KITS) CA$19.97 CA$38.25 47.8% Haivision Systems (TSX:HAI) CA$7.73 CA$14.44 46.5% Gildan Activewear (TSX:GIL) CA$90.68 CA$180.35 49.7% Exchange Income (TSX:EIF) CA$97.17 CA$166.71 41.7% EQB (TSX:EQB) CA$106.96 CA$187.42 42.9% Dexterra Group (TSX:DXT) CA$13.17 CA$25.97 49.3% China Gold International Resources (TSX:CGG) CA$42.16 CA$79.40 46.9% Avino Silver & Gold Mines (TSX:ASM) CA$12.92 CA$23.64 45.3%
Click here to see the full list of 26 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.
Here we highlight a subset of our preferred stocks from the screener.
Avino Silver & Gold Mines
Overview: Avino Silver & Gold Mines Ltd. focuses on acquiring, exploring, and advancing mineral properties in Mexico, with a market capitalization of CA$1.99 billion.
Operations: The company generates revenue from the Metals & Mining segment, specifically in Gold & Other Precious Metals, amounting to $86.07 million.
Estimated Discount To Fair Value: 45.3%
Avino Silver & Gold Mines is trading at CA$12.92, significantly below its estimated future cash flow value of CA$23.64, suggesting it may be undervalued based on cash flows. Despite recent insider selling, the company shows strong growth prospects with earnings forecasted to grow 69.7% annually, outpacing the Canadian market's 12.5%. Recent drilling results at La Preciosa exceeded expectations and support Avino's expansion strategy, bolstered by its inclusion in the TSX30 ranking for 2025.
According our earnings growth report, there's an indication that Avino Silver & Gold Mines might be ready to expand. Delve into the full analysis health report here for a deeper understanding of Avino Silver & Gold Mines.TSX:ASM Discounted Cash Flow as at Jan 2026
China Gold International Resources
Overview: China Gold International Resources Corp. Ltd. is a mining company engaged in acquiring, exploring, developing, and mining gold and base metal resources in China and Canada, with a market cap of CA$15.54 billion.
Operations: The company's revenue segments include $319.06 million from gold mining and $899.89 million from copper concentrate production.
Story Continues
Estimated Discount To Fair Value: 46.9%
China Gold International Resources, trading at CA$42.16, is valued below its estimated future cash flow value of CA$79.4, highlighting potential undervaluation based on cash flows. Recent earnings reveal a strong performance with net income rising to US$141.14 million for Q3 2025 from US$27.12 million the previous year, despite an 18% drop in quarterly gold production. The company anticipates significant annual earnings growth of over 20%, exceeding market averages in Canada.
Our growth report here indicates China Gold International Resources may be poised for an improving outlook. Take a closer look at China Gold International Resources' balance sheet health here in our report.TSX:CGG Discounted Cash Flow as at Jan 2026
K92 Mining
Overview: K92 Mining Inc. is involved in the exploration and development of mineral deposits in Papua New Guinea, with a market cap of CA$6.81 billion.
Operations: The company's revenue primarily comes from the Kainantu Project, generating $538.78 million.
Estimated Discount To Fair Value: 11.4%
K92 Mining is trading at CA$27.64, slightly below its estimated future cash flow value of CA$31.18, suggesting it may be undervalued based on cash flows. The company forecasts annual revenue growth of 20.9%, outpacing the Canadian market's 6.1%. Recent production guidance for 2026 indicates a significant increase in gold equivalent output, reinforcing strong operational performance despite recent insider selling activity and non-cash earnings impact on financials.
In light of our recent growth report, it seems possible that K92 Mining's financial performance will exceed current levels. Dive into the specifics of K92 Mining here with our thorough financial health report.TSX:KNT Discounted Cash Flow as at Jan 2026
Turning Ideas Into Actions
Reveal the 26 hidden gems among our Undervalued TSX Stocks Based On Cash Flows screener with a single click here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
Seeking Other Investments?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:ASM TSX:CGG and TSX:KNT.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- China Gold International Resources Corp. Ltd.'s (TSE:CGG) Intrinsic Value Is Potentially 88% Above Its Share Price
Jan 27, 2026
Key Insights
The projected fair value for China Gold International Resources is CA$79.40 based on 2 Stage Free Cash Flow to Equity China Gold International Resources is estimated to be 47% undervalued based on current share price of CA$42.16 The analyst price target for CGG is 100% less than our estimate of fair value
How far off is China Gold International Resources Corp. Ltd. (TSE:CGG) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
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Is China Gold International Resources Fairly Valued?
We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:
10-year free cash flow (FCF) estimate
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF ($, Millions) US$922.6m US$993.7m US$1.05b US$1.10b US$1.14b US$1.19b US$1.23b US$1.27b US$1.31b US$1.35b Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ 5.61% Est @ 4.75% Est @ 4.15% Est @ 3.73% Est @ 3.44% Est @ 3.23% Est @ 3.09% Est @ 2.99% Present Value ($, Millions) Discounted @ 7.3% US$860 US$863 US$850 US$830 US$806 US$779 US$751 US$723 US$695 US$667
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$7.8b
Story Continues
After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.8%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.3%.
Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$1.3b× (1 + 2.8%) ÷ (7.3%– 2.8%) = US$31b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$31b÷ ( 1 + 7.3%)10= US$15b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$23b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of CA$42.2, the company appears quite undervalued at a 47% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.TSX:CGG Discounted Cash Flow January 27th 2026
The Assumptions
We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at China Gold International Resources as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.3%, which is based on a levered beta of 1.076. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
See our latest analysis for China Gold International Resources
SWOT Analysis for China Gold International Resources
Strength
Debt is not viewed as a risk.
Weakness
Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market.
Opportunity
Annual earnings are forecast to grow faster than the Canadian market.
Trading below our estimate of fair value by more than 20%.
Threat
Revenue is forecast to grow slower than 20% per year.
Looking Ahead:
Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For China Gold International Resources, there are three important elements you should consider:
Financial Health: Does CGG have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Future Earnings: How does CGG's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the TSX every day. If you want to find the calculation for other stocks just search here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- China Gold International Resources Corp. Ltd.'s (TSE:CGG) biggest owners are individual investors who got richer after stock soared 4.9% last week
Dec 24, 2025
Key Insights
The considerable ownership by individual investors in China Gold International Resources indicates that they collectively have a greater say in management and business strategy The top 5 shareholders own 50% of the company Institutions own 17% of China Gold International Resources
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If you want to know who really controls China Gold International Resources Corp. Ltd. (TSE:CGG), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are individual investors with 43% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
As a result, individual investors were the biggest beneficiaries of last week’s 4.9% gain.
In the chart below, we zoom in on the different ownership groups of China Gold International Resources.
View our latest analysis for China Gold International Resources TSX:CGG Ownership Breakdown December 24th 2025
What Does The Institutional Ownership Tell Us About China Gold International Resources?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
China Gold International Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at China Gold International Resources' earnings history below. Of course, the future is what really matters.TSX:CGG Earnings and Revenue Growth December 24th 2025
We note that hedge funds don't have a meaningful investment in China Gold International Resources. The company's largest shareholder is China National Gold Group Co., Ltd, with ownership of 40%. Meanwhile, the second and third largest shareholders, hold 3.2% and 2.5%, of the shares outstanding, respectively.
To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Story Continues
Insider Ownership Of China Gold International Resources
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our data suggests that insiders own under 1% of China Gold International Resources Corp. Ltd. in their own names. But they may have an indirect interest through a corporate structure that we haven't picked up on. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own CA$2.9m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.
General Public Ownership
With a 43% ownership, the general public, mostly comprising of individual investors, have some degree of sway over China Gold International Resources. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Company Ownership
Our data indicates that Private Companies hold 40%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.
Ultimately the future is most important. You can access this freereport on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- China Gold International Resources (TSE:CGG) Shareholders Will Want The ROCE Trajectory To Continue
Oct 14, 2025
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at China Gold International Resources (TSE:CGG) and its trend of ROCE, we really liked what we saw.
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Understanding Return On Capital Employed (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on China Gold International Resources is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.14 = US$369m ÷ (US$3.1b - US$505m) (Based on the trailing twelve months to June 2025).
Thus, China Gold International Resources has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 8.0% it's much better.
See our latest analysis for China Gold International Resources TSX:CGG Return on Capital Employed October 14th 2025
In the above chart we have measured China Gold International Resources' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our freeanalyst report for China Gold International Resources .
What The Trend Of ROCE Can Tell Us
China Gold International Resources has not disappointed with their ROCE growth. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 914% in that same time. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
The Bottom Line
In summary, we're delighted to see that China Gold International Resources has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if China Gold International Resources can keep these trends up, it could have a bright future ahead.
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On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for CGG on our platform that is definitely worth checking out.
While China Gold International Resources may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this freelist here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- China Gold International Resources Corp. Ltd.'s (TSE:CGG) Stock Is Going Strong: Have Financials A Role To Play?
Sep 17, 2025
China Gold International Resources' (TSE:CGG) stock is up by a considerable 86% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on China Gold International Resources' ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for China Gold International Resources is:
15% = US$299m ÷ US$2.0b (Based on the trailing twelve months to June 2025).
The 'return' refers to a company's earnings over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.15.
See our latest analysis for China Gold International Resources
Why Is ROE Important For Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.
China Gold International Resources' Earnings Growth And 15% ROE
To begin with, China Gold International Resources seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 12%. For this reason, China Gold International Resources' five year net income decline of 13% raises the question as to why the high ROE didn't translate into earnings growth. We reckon that there could be some other factors at play here that are preventing the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.
So, as a next step, we compared China Gold International Resources' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 14% over the last few years.
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TSX:CGG Past Earnings Growth September 17th 2025
Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if China Gold International Resources is trading on a high P/E or a low P/E, relative to its industry.
Is China Gold International Resources Making Efficient Use Of Its Profits?
China Gold International Resources doesn't pay any regular dividends, meaning that the company is keeping all of its profits, which makes us wonder why it is retaining its earnings if it can't use them to grow its business. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
Conclusion
In total, it does look like China Gold International Resources has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Why China Gold International Resources (TSX:CGG) Is Up 12.7% After Q2 Output Surge and Return to Profit
Aug 21, 2025
China Gold International Resources reported that for the second quarter ended June 30, 2025, total gold production increased by 38% to 43,403 ounces and copper production rose to 39.7 million pounds, alongside a jump in sales to US$307.27 million and a swing to net income of US$115.28 million. This turnaround from a net loss the previous year highlights the impact of sharply higher gold and copper output on the company's financial results. Next, we examine how the surge in gold and copper production influences China Gold International Resources' broader investment narrative.
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What Is China Gold International Resources' Investment Narrative?
For anyone considering China Gold International Resources, the investment story centers on whether the company's recent leap in gold and copper production can be sustained and translated into longer-term value. The latest quarterly results mark a dramatic turnaround: with gold output up 38% and copper more than doubling, this strong production surge converted a prior net loss into substantial profit. Such operating momentum is likely to make production performance the central short-term catalyst, especially as these results exceeded prior expectations and coincided with an 88% share price rise year-to-date. However, this sharp run-up may also heighten sensitivity to any future operational hiccups or fluctuations in metals prices. Once production normalizes, investors will likely re-focus on the consistency of output and cost control, while keeping an eye on past board and auditor changes.
In contrast, it’s essential to stay alert to execution risks as the growth pace moderates.
China Gold International Resources' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.
Exploring Other PerspectivesTSX:CGG Earnings & Revenue Growth as at Aug 2025
Ten independent fair value estimates from the Simply Wall St Community all stand at CA$59.25 per share, indicating an extreme consensus on perceived undervaluation. Against the backdrop of recent production gains, market participants will want to weigh these bullish community estimates with the very real possibility of operational risk in the quarters ahead. Diverging opinions make it worthwhile to explore multiple viewpoints on what could move China Gold International Resources next.
Explore another fair value estimate on China Gold International Resources - why the stock might be worth over 3x more than the current price!
Story Continues
Build Your Own China Gold International Resources Narrative
Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.
A great starting point for your China Gold International Resources research is our analysis highlighting 3 key rewards that could impact your investment decision. Our free China Gold International Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate China Gold International Resources' overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include CGG.TO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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