U.S. Markets close in 6 hrs 20 mins

Harte Gold (TSE:HRT) Shareholders Booked A 100% Gain In The Last Five Years

Simply Wall St

The last three months have been tough on Harte Gold Corp. (TSE:HRT) shareholders, who have seen the share price decline a rather worrying 41%. Looking further back, the stock has generated good profits over five years. It has returned a market beating 100% in that time. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 61% drop, in the last year.

View our latest analysis for Harte Gold

Harte Gold isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.


The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

TSX:HRT Income Statement, January 1st 2020

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts

A Different Perspective

Investors in Harte Gold had a tough year, with a total loss of 61%, against a market gain of about 18%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 15%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.

Harte Gold is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.