Why Fiore Gold is Fundamentally the #1 Most Undervalued Gold Stock

Fiore Gold (TSXV: F) will be reporting its fiscal 3Q 2019 results (ending June 30, 2019) tomorrow morning... and we already know that Fiore Gold sold a record 11,504 oz of gold for an increase of 8.7% from 10,584 oz one year ago!

In Fiore Gold's fiscal 2Q 2019 ending March 31, 2019, the company reported that it earned record fully diluted EPS of $0.0266! Quarterly EPS of $0.0266 on an annualized basis is equal to $0.1064! At $0.55 per share, Fiore Gold's current P/E ratio based on its most recent quarterly EPS on an annualized basis is only 5.17!

NIA has calculated the latest annualized EPS of every profitable gold miner based on their most recent quarter and Fiore Gold's P/E ratio is the lowest in the industry! Considering that Fiore Gold's latest quarter-over-quarter revenue growth rate of 17.37% was 2.17X higher than the industry median of 7.99% and its current ratio last quarter of 5.80 was 2.75X higher than the industry median of 2.11, we consider Fiore Gold's valuation to be artificially low!

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