CNSX:SXTY

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Sixty North Gold Mining

Executive Summary

Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Sixty North Gold Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SXTY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.1%

SXTY

-0.3%

CA Metals and Mining

0.2%

CA Market


1 Year Return

60.0%

SXTY

54.5%

CA Metals and Mining

-6.3%

CA Market

Return vs Industry: SXTY exceeded the Canadian Metals and Mining industry which returned 54.5% over the past year.

Return vs Market: SXTY exceeded the Canadian Market which returned -6.3% over the past year.


Shareholder returns

SXTYIndustryMarket
7 Day-11.1%-0.3%0.2%
30 Day77.8%15.6%4.5%
90 Day128.6%22.2%9.5%
1 Year60.0%60.0%55.7%54.5%-3.0%-6.3%
3 Yearn/a64.1%60.8%8.5%-2.0%
5 Yearn/a159.3%151.7%29.5%9.7%

Price Volatility Vs. Market

How volatile is Sixty North Gold Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sixty North Gold Mining undervalued compared to its fair value and its price relative to the market?

1.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SXTY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SXTY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SXTY is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: SXTY is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SXTY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SXTY is good value based on its PB Ratio (2x) compared to the CA Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Sixty North Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sixty North Gold Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Sixty North Gold Mining performed over the past 5 years?

0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SXTY is currently unprofitable.

Growing Profit Margin: SXTY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SXTY is unprofitable, but has reduced losses over the past 5 years at a rate of 0.4% per year.

Accelerating Growth: Unable to compare SXTY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SXTY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).


Return on Equity

High ROE: SXTY has a negative Return on Equity (-19.51%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sixty North Gold Mining's financial position?


Financial Position Analysis

Short Term Liabilities: SXTY's short term assets (CA$67.3K) do not cover its short term liabilities (CA$215.8K).

Long Term Liabilities: SXTY has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SXTY is debt free.

Reducing Debt: SXTY has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SXTY has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SXTY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Sixty North Gold Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SXTY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SXTY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SXTY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SXTY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SXTY's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Dave Webb (62 yo)

0.83

Tenure

CA$13,166

Compensation

Dr. David Ralph Webb, also known as Dave, B.A.Sc. (engineering), M.Sc., Ph.D., P.Geol., P.Eng. serves as President and Chief Executive Officer of Sixty North Gold Mining Ltd. since October 7, 2019. Dr. Web ...


Leadership Team

NamePositionTenureCompensationOwnership
Norman Campbell
Chairman & CFO3.08yrsCA$60.00k17.76%
CA$ 954.0k
David Webb
President & CEO0.83yrCA$13.17k1.53%
CA$ 82.4k
Ronald Handford
VP of Corporate Development & Corporate Secretary1.25yrsCA$97.50k0.74%
CA$ 40.0k
Ian Klassen
Advisor to the Board0.92yrno datano data

1.1yrs

Average Tenure

64yo

Average Age

Experienced Management: SXTY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Norman Campbell
Chairman & CFO3.08yrsCA$60.00k17.76%
CA$ 954.0k
Andriyko Herchak
Independent Director3.08yrsno data1.94%
CA$ 104.0k
Grant Block
Independent Director3.08yrsno data1.94%
CA$ 104.0k
Brian Malahoff
Independent Director3.08yrsno datano data
Gavin Kirk
Independent Director1.25yrsCA$55.47k0.45%
CA$ 24.0k

3.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: SXTY's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SXTY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.6%.


Top Shareholders

Company Information

Sixty North Gold Mining Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sixty North Gold Mining Ltd.
  • Ticker: SXTY
  • Exchange: CNSX
  • Founded: 2016
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$5.371m
  • Shares outstanding: 67.13m
  • Website: https://www.sixtynorthgold.com

Location

  • Sixty North Gold Mining Ltd.
  • 1177 West Hastings Street
  • Suite 2300
  • Vancouver
  • British Columbia
  • V6E 2K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SXTYCNSX (Canadian National Stock Exchange)YesCommon SharesCACADApr 2018
2F4DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2018
SXNT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2018

Biography

Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. It principally explores for gold. The company holds an option to earn an 80% ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 23:52
End of Day Share Price2020/07/31 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.