Unigold (Unigold) GF Value Rank : 0 (As of Jun. 12, 2024)

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What is Unigold GF Value Rank?

Unigold has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Unigold GF Value Rank Related Terms

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Unigold (Unigold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unigold Inc (OTCPK:UGDIF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

UGB1:Germany UGD:Canada

Address

One First Canadian Place, Suite 3400, P.O. Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.unigoldinc.com

Unigold Inc is a Canada-based natural resource company. Principally, it is focused on exploring and developing its gold projects in the Dominican Republic. The company owns 100% of the exploration rights for gold, silver, zinc, copper, and all associated minerals on the Neita Property in the northwestern Dominican Republic. The Neita concession covers approximately 22,616 hectares and is located approximately 200 linear kilometres northwest of the city of Santo Domingo. It has one business segment, mineral exploration. Geographically, it has two segments namely Canada and the Dominican Republic.

Unigold (Unigold) Headlines

From GuruFocus

Unigold Updates Mineral Resource Estimate for the Candelones Project

By GlobeNewswire GlobeNewswire • 05-13-2021

Unigold Files Technical Report on Candelones Project

By GlobeNewswire GlobeNewswire • 10-09-2020

Unigold Granted Exploration Concession in the Dominican Republic

By GlobeNewswire GlobeNewswire • 05-22-2018

Unigold Inc. Announces Grant of Incentive Options

By GlobeNewswire GlobeNewswire • 09-29-2020

Unigold Retains UK Investor Relations Firm for European Exposure

By GlobeNewswire GlobeNewswire • 07-30-2020

Unigold Announces Completion of Oxide Test Pit Program

By GlobeNewswire GlobeNewswire • 12-20-2018

Unigold Engages Torrey Hills Capital

By GlobeNewswire GlobeNewswire • 04-29-2021

Phoenix Gold Fund Limited acquires shares in Unigold Inc.

By GlobeNewswire GlobeNewswire • 08-12-2021