Want To Invest In Citigold Corporation Limited (ASX:CTO)? Here’s How It Performed Lately

Want To Invest In Citigold Corporation Limited (ASX:CTO)? Here’s How It Performed Lately 1024 284 C-Suite Network

Today I will examine Citigold Corporation Limited’s (ASX:CTO) latest earnings update (30 June 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of CTO’s industry performed. As a long-term investor, I find it useful to analyze the company’s trend over time in order to estimate whether or not the company is able to meet its goals, and eventually grow sustainably over time.

How CTO fared against its long-term earnings performance and its industry

I prefer to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. This blend allows me to examine different stocks on a more comparable basis, using new information. For Citigold, its most recent earnings (trailing twelve month) is -A$6.6M, which, against the previous year’s figure, has become less negative. Since these figures may be relatively short-term, I have created an annualized five-year value for CTO’s net income, which stands at -A$20.9M. This means although net income is negative, it has become less negative over the years.

ASX:CTO Income Statement Feb 1st 18
ASX:CTO Income Statement Feb 1st 18

We can further examine Citigold’s loss by looking at…