Canterra Minerals (Canterra Minerals) GF Value Rank : 0 (As of Apr. 25, 2024)

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What is Canterra Minerals GF Value Rank?

Canterra Minerals 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.

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Canterra Minerals (Canterra Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterra Minerals Corp (OTCPK:CTMCF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

CTM:Canada

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.canterraminerals.com

Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Wilding Lake Project, Marlin and Rex in the Northwest Territories, and Buffalo Hills in Alberta. It has one reportable operating segment, being the acquisition, exploration, and evaluation of mineral properties in Canada.

Canterra Minerals (Canterra Minerals) Headlines

From GuruFocus

Canterra Minerals Announces Closing of $3.9M Financing and Acquisition of the Wilding Lake Gold Project, Newfoundland

By GlobeNewswire GlobeNewswire • 12-17-2020

Canterra Extends Warrants

By GlobeNewswire GlobeNewswire • 07-06-2018

Canterra Completes Debt Settlement

By GlobeNewswire GlobeNewswire • 10-04-2018

Canterra Minerals Corporation to Present at the Metals and Mining Virtual Investor Conference July 26th

By Marketwired • 07-25-2023