Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada.
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: SXTY underperformed the Canadian Metals and Mining industry which returned 46.8% over the past year.
Return vs Market: SXTY exceeded the Canadian Market which returned -9.6% over the past year.
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
2 months ago | Simply Wall StWhat Kind Of Investor Owns Most Of Sixty North Gold Mining Ltd. (CSE:SXTY)?
7 months ago | Simply Wall StWhat Kind Of Investor Owns Most Of Sixty North Gold Mining Ltd. (CNSX:SXTY)?
11 months ago | Simply Wall StWhat Type Of Shareholder Owns Sixty North Gold Mining Ltd.'s (CNSX:SXTY)?
Is Sixty North Gold Mining undervalued compared to its fair value and its price relative to the market?
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 (1.1x) compared to the CA Metals and Mining industry average (2.4x).
How is Sixty North Gold Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Sixty North Gold Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Sixty North Gold Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Sixty North Gold Mining performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Webb (62yo)
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 ...
|Chairman & CFO||3yrs||CA$60.00k||17.76% CA$715.5k|
|President & CEO||0.75yr||CA$13.17k||1.53% CA$61.8k|
|VP of Corporate Development & Corporate Secretary||1.17yrs||CA$97.50k||0.74% CA$30.0k|
|Advisor to the Board||0.83yr||no data||no data|
Experienced Management: SXTY's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Chairman & CFO||3yrs||CA$60.00k||17.76% CA$715.5k|
|Independent Director||3yrs||no data||1.64% CA$66.0k|
|Independent Director||3yrs||no data||1.19% CA$48.0k|
|Independent Director||3yrs||no data||no data|
|Independent Director||1.17yrs||CA$55.47k||0.45% CA$18.0k|
Experienced Board: SXTY's board of directors are considered experienced (3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26%.
Sixty North Gold Mining Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Sixty North Gold Mining Ltd.
- Ticker: SXTY
- Exchange: CNSX
- Founded: 2016
- Industry: Gold
- Sector: Materials
- Market Cap: CA$4.028m
- Shares outstanding: 67.13m
- Website: https://www.sixtynorthgold.com
- Sixty North Gold Mining Ltd.
- 1177 West Hastings Street
- Suite 2300
- British Columbia
- V6E 2K3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SXTY||CNSX (Canadian National Stock Exchange)||Yes||Common Shares||CA||CAD||Apr 2018|
|2F4||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Apr 2018|
|SXNT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Apr 2018|
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% interest in the Mon Gold Property, including 11 contiguous mining leases and 3 mineral claims covering approximately 1,536.92 acres located in Yellowknife, the Northwest Territories. Sixty North Gold Mining Ltd. was founded in 2016 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/16 00:09|
|End of Day Share Price||2020/07/15 00:00|
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.