TSX:KOR

Stock Analysis Report

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Market Cap

CA$507.9m

Last Updated

2021/08/02 22:05 UTC

Data Sources

Company Financials +

Executive Summary

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in Canada and the United States. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KOR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: KOR's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

KOR

4.0%

CA Metals and Mining

1.1%

CA Market


1 Year Return

-1.0%

KOR

-5.8%

CA Metals and Mining

29.1%

CA Market

Return vs Industry: KOR exceeded the Canadian Metals and Mining industry which returned -5.8% over the past year.

Return vs Market: KOR underperformed the Canadian Market which returned 29.1% over the past year.


Shareholder returns

KORIndustryMarket
7 Day-0.2%4.0%1.1%
30 Day17.6%1.6%-0.5%
90 Day55.6%0.3%3.3%
1 Year-1.0%-1.0%-4.7%-5.8%33.0%29.1%
3 Year48.7%48.7%64.2%60.2%31.5%18.7%
5 Year239.0%239.0%21.9%17.9%50.7%28.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Corvus Gold undervalued compared to its fair value and its price relative to the market?

56.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: KOR 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 KOR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KOR is overvalued based on its PB Ratio (56.8x) compared to the CA Metals and Mining industry average (2.6x).


Future Growth

How is Corvus Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: KOR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: KOR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if KOR's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if KOR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KOR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Corvus Gold performed over the past 5 years?

-25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOR is currently unprofitable.

Growing Profit Margin: KOR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KOR is unprofitable, and losses have increased over the past 5 years at a rate of 25% per year.

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

Earnings vs Industry: KOR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (116.7%).


Return on Equity

High ROE: KOR has a negative Return on Equity (-244.11%), as it is currently unprofitable.


Financial Health

How is Corvus Gold's financial position?


Financial Position Analysis

Short Term Liabilities: KOR's short term assets (CA$4.2M) exceed its short term liabilities (CA$596.2K).

Long Term Liabilities: KOR's short term assets (CA$4.2M) exceed its long term liabilities (CA$372.7K).


Debt to Equity History and Analysis

Debt Level: KOR is debt free.

Reducing Debt: KOR had no debt 5 years ago.


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: KOR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KOR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.2% each year


Dividend

What is Corvus Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate KOR'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 KOR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KOR'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 KOR'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?

2.4yrs

Average management tenure


CEO

Jeff Pontius (66 yo)

11yrs

Tenure

CA$1,491,965

Compensation

Mr. Jeffrey A. Pontius, also known as Jeff, MSc, BSc, has been the Chief Executive Officer since August 25, 2010 and serves as President since June 2015 at Corvus Gold Inc. Mr. Pontius founded Internationa...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.19M) is above average for companies of similar size in the Canadian market ($USD838.90K).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: KOR's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: KOR's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 2.4%.


Top Shareholders

Company Information

Corvus Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corvus Gold Inc.
  • Ticker: KOR
  • Exchange: TSX
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$507.914m
  • Shares outstanding: 126.98m
  • Website: https://www.corvusgold.com

Number of Employees


Location

  • Corvus Gold Inc.
  • 700 West Pender Street
  • Suite 1750
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada

Listings


Biography

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in Canada and the United States. Its principal mineral property is the North Bullfrog Project, a gold and silver mining projec...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/02 22:05
End of Day Share Price2021/07/30 00:00
Earnings2021/02/28
Annual Earnings2020/05/31


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.