Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Patagonia GoldHGLD -31.89%29 Earnings per Share (Diluted) is $-0.02 as of Mar. 2026. GuruFocus rates HGLD with a GF Score™ of 29/100 and a GF Value™ of $0.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,951 Metals & Mining companies, Patagonia Gold ranks worse than 71.04% on this metric.
Patagonia Gold's EPS (Basic) for the
three
months ended in Mar. 2026 was $-0.01.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.02.
During the past 3 years, the average EPS without NRIGrowth Rate was -3.80% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was -9.90% per year.
During the past 13 years, Patagonia Gold's highest 3-Year average EPS without NRI Growth Rate was 84.20% per year. The lowest was -430.80% per year. And the median was -16.70% per year.
Patagonia Gold (OTCPK:HGLD) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Patagonia Gold Earnings per Share (Diluted) Related Terms
Patagonia Gold Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Patagonia Gold's Earnings per Share (Diluted) 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.
HGLD vs HL: Earnings per Share (Diluted) Comparison
For the Other Precious Metals & Mining subindustry, Patagonia Gold's PE Ratio, along with its competitors' market caps and PE Ratio 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.
Patagonia Gold PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Patagonia Gold's PE Ratio distribution charts can be found below:
* The bar in red indicates where Patagonia Gold's PE Ratio falls into.
Patagonia Gold Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Patagonia Gold's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $-0.02 mean?
Patagonia Gold (HGLD) has a Earnings per Share (Diluted) of $-0.02 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Patagonia Gold and its competitors. According to the industry distribution chart, Patagonia Gold ranks #1386 out of 1951 companies in the Metals & Mining industry, placing it in the top 71%.
Is Patagonia Gold's Earnings per Share (Diluted) too high?
Patagonia Gold's current Earnings per Share (Diluted) is $-0.02. Based on the distribution chart, Patagonia Gold ranks #1386 out of 1951 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Patagonia Gold has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patagonia Gold's Earnings per Share (Diluted) compare to HL?
According to the Metals & Mining industry distribution chart, Patagonia Gold ranks #1386 out of 1951 companies for Earnings per Share (Diluted). This places Patagonia Gold in the lower half of its industry. The industry median Earnings per Share (Diluted) is 16.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Metals & Mining company?
The median Earnings per Share (Diluted) among Metals & Mining companies is 16.20, based on 1,951 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Patagonia Gold and its competitors. For the Metals & Mining industry, the median Earnings per Share (Diluted) is 16.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patagonia Gold's current Earnings per Share (Diluted) is $-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patagonia Gold stock overvalued right now?
Based on GuruFocus' analysis, Patagonia Gold (HGLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.03, compared to a current price of $0.32 — trading 967% above its estimated fair value. The current Earnings per Share (Diluted) is $-0.02. Patagonia Gold's overall GF Score™ is 29/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Patagonia Gold (HGLD), the current Earnings per Share (Diluted) is $-0.02 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Patagonia Gold (HGLD) Overvalued in 2026?
Based on GuruFocus' analysis, Patagonia Gold stock appears to be overvalued.
The current stock price of $0.32 is trading 967% above its estimated GF Value™ of $0.03.
GuruFocus considers Patagonia Gold to be Significantly Overvalued.
Key valuation signals for HGLD:
Earnings per Share (Diluted): $-0.02
GF Value™: $0.03 vs. price of $0.32 (967% above fair value)
No single metric tells the full story. See the HGLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria and others.
29GF Score
Get the complete analysis for HGLD
Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HGLD has been successfully added to your 
