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Midas Gold

TSX:MAX
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAX
TSX
CA$170M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Midas Gold Corp. engages in the mineral exploration activities in the United States. The last earnings update was 25 days ago. More info.


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  • Midas Gold has significant price volatility in the past 3 months.
MAX Share Price and Events
7 Day Returns
-11.1%
TSX:MAX
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-27.3%
TSX:MAX
-7.9%
CA Metals and Mining
-0.1%
CA Market
MAX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Midas Gold (MAX) -11.1% -19.1% 4.3% -27.3% 89.5% -20%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • MAX underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • MAX underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
MAX
Industry
5yr Volatility vs Market

Value

 Is Midas Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Midas Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.72.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Midas Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Midas Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:MAX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.22
TSX:MAX Share Price ** TSX (2019-03-18) in CAD CA$0.72
TSX:MAX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $0.54
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Midas Gold.

TSX:MAX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MAX Share Price ÷ EPS (both in USD)

= 0.54 ÷ -0.22

-2.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Midas Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Midas Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Midas Gold's expected growth come at a high price?
Raw Data
TSX:MAX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Midas Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Midas Gold's assets?
Raw Data
TSX:MAX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.11
TSX:MAX Share Price * TSX (2019-03-18) in CAD CA$0.72
TSX:MAX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $0.54
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:MAX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MAX Share Price ÷ Book Value per Share (both in USD)

= 0.54 ÷ 0.11

4.75x

* Primary Listing of Midas Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Midas Gold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Midas Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Midas Gold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Midas Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Midas Gold expected to grow at an attractive rate?
  • Unable to compare Midas Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Midas Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Midas Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:MAX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:MAX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:MAX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2019-12-31 0 -32 -32 1
TSX:MAX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 -27 -47
2018-09-30 -26 -45
2018-06-30 -26 -45
2018-03-31 -24 -38
2017-12-31 -21 -8
2017-09-30 -18 -6
2017-06-30 -15 -4
2017-03-31 -13 -43
2016-12-31 -11 -46
2016-09-30 -9 -47
2016-06-30 -9 -49
2016-03-31 -10 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Midas Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Midas Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:MAX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Midas Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MAX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 -0.13 -0.13 -0.13 1.00
TSX:MAX Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.22
2018-09-30 -0.22
2018-06-30 -0.23
2018-03-31 -0.20
2017-12-31 -0.05
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.24
2016-12-31 -0.27
2016-09-30 -0.28
2016-06-30 -0.30
2016-03-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Midas Gold will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Midas Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Midas Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Midas Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Midas Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Midas Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Midas Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Midas Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Midas Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Midas Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MAX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -47.29 27.80
2018-09-30 -45.30 28.50
2018-06-30 -45.16 28.18
2018-03-31 -37.94 26.37
2017-12-31 -8.29 24.18
2017-09-30 -5.55 20.26
2017-06-30 -3.65 16.83
2017-03-31 -43.36 13.66
2016-12-31 -46.16 11.37
2016-09-30 -47.35 9.17
2016-06-30 -49.02 8.99
2016-03-31 -11.47 9.56
2015-12-31 -10.92 10.09
2015-09-30 -8.81 8.57
2015-06-30 -5.38 6.29
2015-03-31 -2.57 4.10
2014-12-31 -0.57 2.05
2014-09-30 -0.94 2.21
2014-06-30 -2.40 2.66
2014-03-31 -3.37 3.05
2013-12-31 -3.80 3.61
2013-09-30 -4.57 4.27
2013-06-30 -5.10 5.01
2013-03-31 -6.09 5.91
2012-12-31 -7.18 7.58
2012-09-30 -8.00 10.06
2012-06-30 -13.48 11.21
2012-03-31 -14.91 12.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Midas Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Midas Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Midas Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Midas Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Midas Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Midas Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Midas Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Midas Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Midas Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Midas Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Midas Gold Company Filings, last reported 2 months ago.

TSX:MAX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 26.66 23.43 29.89
2018-09-30 32.38 24.05 37.17
2018-06-30 35.21 23.03 43.55
2018-03-31 4.94 22.90 11.97
2017-12-31 34.38 22.94 18.92
2017-09-30 38.11 22.46 25.26
2017-06-30 40.75 21.04 31.48
2017-03-31 37.77 19.99 33.01
2016-12-31 37.52 19.34 37.18
2016-09-30 37.21 19.28 40.03
2016-06-30 36.46 19.07 42.16
2016-03-31 76.29 18.47 44.63
2015-12-31 75.74 0.00 4.50
2015-09-30 212.60 0.00 6.90
2015-06-30 212.59 0.00 9.94
2015-03-31 207.48 0.19 6.98
2014-12-31 207.68 0.19 9.62
2014-09-30 207.95 0.19 13.20
2014-06-30 207.15 0.19 17.82
2014-03-31 207.01 0.38 21.68
2013-12-31 198.06 0.38 14.59
2013-09-30 198.68 0.38 22.39
2013-06-30 189.74 0.38 18.68
2013-03-31 189.97 0.57 9.90
2012-12-31 190.33 0.57 19.62
2012-09-30 190.19 0.57 32.40
2012-06-30 190.12 0.57 48.30
2012-03-31 190.56 0.74 61.86
  • Midas Gold's level of debt (87.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.2% vs 87.9% today).
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.

  • Midas Gold has sufficient cash runway for 1.1 years based on current free cash flow.
  • Midas Gold has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 40.7% each year.
X
Financial health checks
We assess Midas Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Midas Gold has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Midas Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Midas Gold dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Midas Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Midas Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Midas Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:MAX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:MAX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Midas Gold has not reported any payouts.
  • Unable to verify if Midas Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Midas Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Midas Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Midas Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Midas Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Midas Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Midas Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Midas Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Quin
COMPENSATION $503,389
AGE 58
TENURE AS CEO 8.1 years
CEO Bio

Mr. Stephen Paul Quin, also known as Steve, is a mining geologist with over 30 years’ experience in the mining and exploration industry. He is based in Vancouver, Canada, and has been the President and CEO of Midas Gold Corp. and its predecessor since January 2011. Until December 2010, he was President and COO of Capstone Mining Corp. and President and CEO of its predecessor, Sherwood Mining Corp. from 2005 until the combination with Capstone in 2008. He has extensive experience in the resources sector, and in the financing, development and operation of production companies. He is a member of Chalice’s Audit and Remuneration Committees and has been a Director since 2010. He has been Director of Kutcho Copper Corp since December 8, 2017. Mr. Quin is a graduate of the Royal School of Mines, London, UK, with a B.Sc. (Honours) in Mining Geology.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Midas Gold management team in years:

7.9
Average Tenure
  • The average tenure for the Midas Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Quin

TITLE
President
COMPENSATION
$503K
AGE
58
TENURE
8.1 yrs

Darren Morgans

TITLE
Chief Financial Officer
COMPENSATION
$355K
AGE
43
TENURE
7.9 yrs

John Meyer

TITLE
Vice President of Development
COMPENSATION
$421K
TENURE
6.2 yrs

Liz Monger

TITLE
Manager of Investor Relations & Corporate Secretary
TENURE
7.8 yrs

Chris Dail

TITLE
Exploration Manager
COMPENSATION
$2M
TENURE
7.9 yrs

Rick Richins

TITLE
Consultant
Board of Directors Tenure

Average tenure and age of the Midas Gold board of directors in years:

3.7
Average Tenure
58
Average Age
  • The tenure for the Midas Gold board of directors is about average.
Board of Directors

Peter Nixon

TITLE
Chairman
COMPENSATION
$88K
AGE
72
TENURE
7.9 yrs

Steve Quin

TITLE
President
COMPENSATION
$503K
AGE
58
TENURE
8.1 yrs

Donald Young

TITLE
Director
COMPENSATION
$79K
AGE
72
TENURE
7.9 yrs

Keith Allred

TITLE
Independent Director
COMPENSATION
$83K
AGE
53
TENURE
4.3 yrs

Marcelo Kim

TITLE
Director
AGE
31
TENURE
3 yrs

Javier Schiffrin

TITLE
Director
AGE
42
TENURE
1 yrs

Brad Doores

TITLE
Independent Director
AGE
67
TENURE
0.6 yrs

Jaimie Donovan

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Jan 19 Buy Peter Nixon Individual 31. Dec 18 31. Dec 18 40,000 CA$0.72 CA$28,800
04. Jan 19 Sell Peter Nixon Individual 31. Dec 18 31. Dec 18 -40,000 CA$1.00 CA$-39,812
16. May 18 Buy Barrick Gold Corporation Company 16. May 18 16. May 18 46,551,731 CA$1.06 CA$49,344,860
16. May 18 Sell Stephen Quin Individual 14. May 18 14. May 18 -67,500 CA$1.17 CA$-79,110
12. Jun 18 Sell Donald Young Individual 12. Jun 18 12. Jun 18 -37,718 CA$1.08 CA$-40,735
08. Jun 18 Sell Donald Young Individual 08. Jun 18 08. Jun 18 -19,000 CA$1.09 CA$-20,452
07. Jun 18 Sell Donald Young Individual 05. Jun 18 07. Jun 18 -22,400 CA$1.09 CA$-24,202
24. May 18 Sell Donald Young Individual 24. May 18 24. May 18 -32,000 CA$1.13 CA$-35,536
18. May 18 Buy Donald Young Individual 18. May 18 18. May 18 40,000 CA$1.16 CA$46,400
X
Management checks
We assess Midas Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Midas Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Midas Gold Corp. (TSE:MAX) Ownership Structure Tell Us Something Useful?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Midas Gold is a smaller company with a market capitalization of CA$191m, so it may still be flying under the radar of many institutional investors.

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Need To Know: Midas Gold Corp. (TSE:MAX) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Midas Gold Corp. … That means that an insider was selling shares at around the current price of CA$1.00. … Over the last year we saw more insider selling of Midas Gold shares, than buying.

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How Does Investing In Midas Gold Corp (TSE:MAX) Impact Your Portfolio?

If you're interested in Midas Gold Corp (TSE:MAX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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Is Midas Gold Corp's (TSE:MAX) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Midas Gold Corp (TSE:MAX), with a market cap of CA$240.86m. … However, an important fact which most ignore is: how financially healthy is the business?

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How Financially Strong Is Midas Gold Corp (TSE:MAX)?

Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … However, since MAX is presently unprofitable, sustainability of its current state of operations becomes a concern. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: MAX’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Is It Time To Buy Midas Gold Corp (TSE:MAX)?

Since Midas Gold’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … MAX’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

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Are Midas Gold Corp's (TSX:MAX) Interest Costs Too High?

However, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … MAX’s debt and cash flow levels indicate room for improvement. … Although short-term liquidity isn’t a concern, MAX’s large debt ratio along with poor cash coverage may not be what you’re after in an investment.

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Is Midas Gold Corp (TSX:MAX) A Basic Materials Industry Laggard Or Leader?

Below, I will examine the sector growth prospects, and also determine whether MAX is a laggard or leader relative to its basic materials sector peers. … TSX:MAX PE PEG Gauge Nov 11th 17 The metals and mining industry is trading at a PE ratio of 11x, below the broader Canadian stock market PE of 17x. … If MAX has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the metals and mining industry.

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How Much is Midas Gold Corp's (TSX:MAX) CEO Getting Paid?

But this is an improvement on prior year’s loss of -CA$49M, which may signal a turnaround since MAX has been loss-making for the past five years, on average, with an EPS of -CA$0.09. Given earnings are moving the right way, CEO pay should be reflective of Quin's valued-adding activities. … Typically I would look at market cap and earnings as a proxy for performance, however, MAX's negative earnings reduces the effectiveness of this method. … Are you a shareholder? Hopefully this article has given you insight on how shareholders should think about MAX's governance policies such as CEO pay.

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Company Info

Description

Midas Gold Corp. engages in the mineral exploration activities in the United States. It primarily explores for gold, antimony, and silver deposits. The company’s principal asset is the Stibnite gold project, which is located in Valley County, Idaho. Gold Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.

Details
Name: Midas Gold Corp.
MAX
Exchange: TSX
Founded: 2011
CA$169,748,460
235,761,750
Website: http://www.midasgoldcorp.com
Address: Midas Gold Corp.
999 West Hastings Street,
Suite 890,
Vancouver,
British Columbia, V6C 2W2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MAX Common Shares The Toronto Stock Exchange CA CAD 14. Jul 2011
OTCPK MDRP.F Common Shares Pink Sheets LLC US USD 14. Jul 2011
DB 9MI Common Shares Deutsche Boerse AG DE EUR 14. Jul 2011
LSE 0V6R Common Shares London Stock Exchange GB CAD 14. Jul 2011
Number of employees
Current staff
Staff numbers
43
Midas Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:20
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.