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Nighthawk Gold

TSX:NHK
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NHK
TSX
CA$65M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. The last earnings update was 129 days ago. More info.


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  • Nighthawk Gold has significant price volatility in the past 3 months.
NHK Share Price and Events
7 Day Returns
0%
TSX:NHK
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-44.2%
TSX:NHK
-5.9%
CA Metals and Mining
0.7%
CA Market
NHK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nighthawk Gold (NHK) 0% -15.2% -24.7% -44.2% 235% -25.6%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • NHK underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • NHK underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
NHK
Industry
5yr Volatility vs Market

NHK Value

 Is Nighthawk 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 Nighthawk Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.335.
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 Nighthawk Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nighthawk Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:NHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.01
TSX:NHK Share Price ** TSX (2019-03-20) in CAD CA$0.34
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Nighthawk Gold.

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

= TSX:NHK Share Price ÷ EPS (both in CAD)

= 0.34 ÷ -0.01

-23.87x

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

  • Nighthawk Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Nighthawk Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Nighthawk Gold's expected growth come at a high price?
Raw Data
TSX:NHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 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 Nighthawk Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nighthawk Gold's assets?
Raw Data
TSX:NHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.39
TSX:NHK Share Price * TSX (2019-03-20) in CAD CA$0.34
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:NHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:NHK Share Price ÷ Book Value per Share (both in CAD)

= 0.34 ÷ 0.39

0.87x

* Primary Listing of Nighthawk Gold.

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

  • Nighthawk Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Nighthawk 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. Nighthawk Gold has a total score of 1/6, 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.

NHK Future Performance

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

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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nighthawk Gold expected to grow at an attractive rate?
  • Unable to compare Nighthawk Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nighthawk Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Nighthawk Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:NHK Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:NHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:NHK Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 0 -25 1
2019-12-31 0 -25 1
2018-12-31 0 -3 1
TSX:NHK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 -3
2018-06-30 -2 0
2018-03-31 -1 0
2017-12-31 -2 -3
2017-09-30 -4 3
2017-06-30 -2 2
2017-03-31 -3 -3
2016-12-31 -4 -1
2016-10-31 -2 -9
2016-07-31 0 -9
2016-04-30 -1 -2
2016-01-31 0 -2
2015-10-31 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nighthawk Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Nighthawk 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:NHK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Nighthawk Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:NHK Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
TSX:NHK Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 -0.02
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 -0.02
2016-12-31
2016-10-31 -0.10
2016-07-31 -0.12
2016-04-30 -0.03
2016-01-31 -0.03
2015-10-31 -0.04

*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 Nighthawk 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 Nighthawk 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.
Nighthawk 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.

NHK Past Performance

  How has Nighthawk 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 Nighthawk 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.
  • Nighthawk Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Nighthawk Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nighthawk Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Nighthawk 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 Nighthawk Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:NHK Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -2.66 2.11
2018-06-30 -0.35 1.33
2018-03-31 -0.45 1.33
2017-12-31 -3.12 3.19
2017-09-30 2.57 3.25
2017-06-30 2.36 3.13
2017-03-31 -3.32 3.30
2016-12-31 -1.01 1.20
2016-10-31 -8.70 1.31
2016-07-31 -8.55 1.24
2016-04-30 -1.78 0.91
2016-01-31 -1.68 0.86
2015-10-31 -2.53 1.14
2015-07-31 -2.59 1.20
2015-04-30 -0.59 1.21
2015-01-31 -0.71 1.30
2014-10-31 -0.36 0.95
2014-07-31 -0.38 0.94
2014-04-30 -1.90 1.22
2014-01-31 -2.16 1.29
2013-10-31 -2.01 1.20
2013-07-31 -2.21 1.28
2013-04-30 -1.55 1.11
2013-01-31 -1.35 1.07
2012-10-31 -0.77 1.49
2012-07-31 -0.73 1.55
2012-04-30 -0.10 1.26

*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 Nighthawk 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 Nighthawk 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 Nighthawk 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 Nighthawk 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.
Nighthawk 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.

NHK Health

 How is Nighthawk 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 Nighthawk Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nighthawk Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nighthawk Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nighthawk 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.
  • Nighthawk Gold has no debt, it does not need to be covered by short term assets.
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 Nighthawk Gold Company Filings, last reported 5 months ago.

TSX:NHK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 74.81 0.00 16.42
2018-06-30 73.67 0.00 19.22
2018-03-31 74.45 0.00 25.51
2017-12-31 74.19 0.00 26.27
2017-09-30 74.20 0.00 27.82
2017-06-30 73.83 0.00 34.25
2017-03-31 74.11 0.00 37.09
2016-12-31 52.67 0.00 14.32
2016-10-31 44.40 0.00 4.63
2016-07-31 44.38 0.00 8.20
2016-04-30 38.07 0.84 0.25
2016-01-31 38.29 0.80 0.84
2015-10-31 39.57 0.00 0.75
2015-07-31 38.15 0.00 1.50
2015-04-30 39.75 0.00 2.06
2015-01-31 39.86 0.00 2.45
2014-10-31 39.69 0.00 3.64
2014-07-31 39.85 0.00 7.82
2014-04-30 31.67 0.00 1.26
2014-01-31 31.90 0.00 1.71
2013-10-31 31.95 0.00 2.25
2013-07-31 32.13 0.00 2.70
2013-04-30 32.94 0.00 3.04
2013-01-31 26.92 7.63 4.82
2012-10-31 27.13 7.26 5.43
2012-07-31 25.77 6.91 6.28
2012-04-30 26.79 6.58 11.93
  • Nighthawk Gold has no debt.
  • Nighthawk Gold had no debt 5 years ago.
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.

  • Nighthawk Gold has sufficient cash runway for 1.2 years based on current free cash flow.
  • Nighthawk Gold has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 56.2% each year.
X
Financial health checks
We assess Nighthawk 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. Nighthawk Gold has a total score of 6/6, 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.

NHK Dividends

 What is Nighthawk 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 Nighthawk Gold dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Nighthawk 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 Nighthawk Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nighthawk 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:NHK 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 2 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 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
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:NHK Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 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 Nighthawk Gold has not reported any payouts.
  • Unable to verify if Nighthawk Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nighthawk Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nighthawk Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Nighthawk Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Nighthawk 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 Nighthawk Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nighthawk 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.

NHK Management

 What is the CEO of Nighthawk 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
Mike Byron
COMPENSATION CA$851,251
AGE 59
TENURE AS CEO 3.3 years
CEO Bio

Dr. Michael J. Byron, also known as Mike, Ph.D., PGeo, serves as the Chief Executive Officer and President of Golden Sierra Resources Inc. Dr. Byron has been Chief Executive Officer and President of Nighthawk Gold Corp. since November 6, 2015 and also serves as its Chief Geologist, developing Nighthawk's projects in the Northwest Territories and overseeing strategic gold property acquisitions and regional expansion. serves as a Consultant of Merc International Minerals Inc. He served as Vice President of Exploration at Falco Resources Ltd. from September 2012 to May 2015. He worked on Alto Paranaiba Volcanic Province in Brazil. He worked as a Consultant to mining companies in Cuba, Equador, Thailand and Sri Lanka. He served as the Chief Executive Officer and President of Merc International Minerals Inc. from September 2008 to August 30, 2010. He was a Consultant of Eagle Mountain Gold Corp. (formerly Stronghold Metals Inc.) since January 2011 and served as its Vice President of Exploration from August 2010 to January 2011. He helped form and served as the President of Ginguro Exploration Inc. from June 30, 2006 to March 23, 2009 and its Chief Executive Officer from February 6, 2007 to March 23, 2009. Dr. Byron served as Vice President of Exploration at Lake Shore Gold Corp. from June 9, 2003 to May 1, 2006 and was instrumental in the growth of it from its initial listing to the acquisition and development of the Timmins West Gold Deposit. At the time of his departure from Lake Shore Gold in May 2006, his legacy was three advanced exploration projects in the Timmins Gold Camp and more than 1.2 million ounces of gold outlined at the Timmins West property alone. He worked on a gold deposit within Timmins Gold Camp. He served as Vice President of Exploration at Aurora Platinum Corp., since June 2002. He served as an Exploration Manager of Aurora Platinum Corp. From May 2006 to October 2006, Dr. Byron was with Xtra-Gold Resources Corp., as a Consultant providing consulting services on their gold projects in Ghana and West Africa. He served as a Director of Xtra-Gold Resources Corp. from May 2006 to October 2006. He began his career as an Exploration Geologist with LAC Minerals and INCO Gold Inc. He managed exploration programs and geological studies for numerous major, mid-size and junior resource companies and research institutions, including Southwestern Resources Corp., Canabrava Diamond Corporation, Falconbridge Limited and Inco Limited. He worked for several exploration/mining companies in Ontario and in 1990 began a four year government funded (MNDM) contract to manage a litho-geo chemical and mapping study on the Whiskey Lake Greenstone Belt, east of Elliot Lake. As an Officer, Qualified Person and Director of several publically traded companies, he has overseen all exploration activities up to and including mining pre-feasibility studies; ensured compliance with mining and environmental regulations; developed and implemented work place safety/environmental policies and procedures; and spearheaded government and First Nation land access negotiations. He has been an Independent Director of Magna Terra Minerals Inc. (formerly known as Brionor Resources Inc.) since February 24, 2010. He has been a Director of Anaconda Mining Inc. since February 10, 2012 and Nighthawk Gold Corp. since November 6, 2015. He served as a Director of Falco Resources Ltd. since March 23, 2010 to May 2015. He served as a Director of Carrie Arran Resources Inc. from August 15, 2011 to November 9, 2015. He served as a Director of Ginguro Exploration Inc. from July 30, 2006 to March 23, 2009. He served as a Non-Executive Director of Kincora Copper Limited from June 22, 2007 to November 29, 2010. Dr. Byron has 26 years of domestic and international experience including years of research, field experience and senior management experience in gold, base-metal, magmatic nickel-copper-platinum group elements, rare earth elements, uranium, diamond and gemstone exploration, spanning employment within the mineral exploration industry, government and educational institutions. He is a Professional Geoscientist registered with The Association of Professional Geoscientists of Ontario. Dr. Byron holds a Doctorate of Science degree and Sc D in Geology from Carleton University. He completed his PhD from Carleton University in Ottawa in 1999. Dr. Byron obtained an M.Sc. and a B.Sc. in Geology from Laurentian University in Sudbury Ontario and Geneseo State University in Geneseo New York in 1990 and 1983, respectively.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Nighthawk Gold management team in years:

3.3
Average Tenure
  • The tenure for the Nighthawk Gold management team is about average.
Management Team

Mike Byron

TITLE
President
COMPENSATION
CA$851K
AGE
59
TENURE
3.3 yrs

Michael Leskovec

TITLE
Chief Financial Officer
COMPENSATION
CA$476K
AGE
38
TENURE
8.3 yrs

Suzette Ramcharan

TITLE
Vice President of Corporate Development
TENURE
2 yrs
Board of Directors Tenure

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

4.2
Average Tenure
56.5
Average Age
  • The tenure for the Nighthawk Gold board of directors is about average.
Board of Directors

Morris Prychidny

TITLE
Chairman
COMPENSATION
CA$191K
TENURE
1.8 yrs

Mike Byron

TITLE
President
COMPENSATION
CA$851K
AGE
59
TENURE
10.5 yrs

Ernie Eves

TITLE
Director
COMPENSATION
CA$168K
AGE
72
TENURE
5.7 yrs

Luc Lessard

TITLE
Director
COMPENSATION
CA$184K
AGE
54
TENURE
5.7 yrs

Brian Howlett

TITLE
Director
COMPENSATION
CA$173K
TENURE
2.8 yrs

Brent Peters

TITLE
Director
COMPENSATION
CA$174K
AGE
45
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Nighthawk Gold insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Mar 19 Buy Northfield Capital Corporation Company 07. Mar 19 07. Mar 19 875,000 CA$0.32 CA$280,262
11. Mar 19 Buy Northfield Capital Corporation Company 06. Mar 19 06. Mar 19 215,000 CA$0.35 CA$75,895
28. Feb 19 Buy Brian Howlett Individual 28. Feb 19 28. Feb 19 15,000 CA$0.39 CA$5,850
04. Mar 19 Buy Northfield Capital Corporation Company 25. Feb 19 26. Feb 19 70,000 CA$0.42 CA$28,849
01. Mar 19 Buy Northfield Capital Corporation Company 25. Feb 19 25. Feb 19 50,000 CA$0.42 CA$20,616
22. Feb 19 Buy Northfield Capital Corporation Company 19. Feb 19 19. Feb 19 95,000 CA$0.40 CA$36,200
19. Feb 19 Buy Northfield Capital Corporation Company 12. Feb 19 12. Feb 19 20,000 CA$0.39 CA$7,728
15. Feb 19 Buy Morris Prychidny Individual 14. Feb 19 14. Feb 19 62,500 CA$0.36 CA$22,500
13. Feb 19 Buy Morris Prychidny Individual 13. Feb 19 13. Feb 19 36,500 CA$0.38 CA$13,687
11. Feb 19 Buy Northfield Capital Corporation Company 07. Feb 19 07. Feb 19 100,000 CA$0.39 CA$39,000
04. Feb 19 Buy Northfield Capital Corporation Company 29. Jan 19 31. Jan 19 75,000 CA$0.42 CA$30,905
01. Feb 19 Buy Northfield Capital Corporation Company 28. Jan 19 28. Jan 19 25,000 CA$0.41 CA$10,140
31. Jan 19 Buy Northfield Capital Corporation Company 28. Jan 19 28. Jan 19 1,300,000 CA$0.37 CA$474,501
30. Jan 19 Buy Northfield Capital Corporation Company 24. Jan 19 24. Jan 19 361,500 CA$0.36 CA$130,935
29. Jan 19 Buy Morris Prychidny Individual 28. Jan 19 28. Jan 19 75,000 CA$0.41 CA$30,750
28. Jan 19 Buy Northfield Capital Corporation Company 22. Jan 19 22. Jan 19 248,500 CA$0.37 CA$91,945
23. Jan 19 Buy Northfield Capital Corporation Company 18. Jan 19 18. Jan 19 25,000 CA$0.39 CA$9,718
22. Jan 19 Buy Northfield Capital Corporation Company 16. Jan 19 17. Jan 19 30,000 CA$0.39 CA$11,708
08. Jan 19 Buy Northfield Capital Corporation Company 07. Jan 19 07. Jan 19 40,000 CA$0.45 CA$17,937
03. Jan 19 Buy Northfield Capital Corporation Company 31. Dec 18 31. Dec 18 50,000 CA$0.45 CA$22,500
17. Dec 18 Buy Northfield Capital Corporation Company 06. Dec 18 06. Dec 18 15,500 CA$0.37 CA$5,735
29. Nov 18 Buy Northfield Capital Corporation Company 22. Nov 18 22. Nov 18 60,000 CA$0.36 CA$21,798
27. Nov 18 Buy Robert Cudney Individual 21. Nov 18 21. Nov 18 40,000 CA$0.38 CA$15,176
27. Nov 18 Buy Northfield Capital Corporation Company 19. Nov 18 19. Nov 18 64,000 CA$0.38 CA$24,160
23. Nov 18 Buy Northfield Capital Corporation Company 13. Nov 18 13. Nov 18 97,000 CA$0.39 CA$37,413
20. Nov 18 Buy Northfield Capital Corporation Company 02. Nov 18 07. Nov 18 93,000 CA$0.39 CA$36,465
08. Nov 18 Buy Brian Howlett Individual 08. Nov 18 08. Nov 18 11,000 CA$0.41 CA$4,455
02. Nov 18 Buy Northfield Capital Corporation Company 29. Oct 18 29. Oct 18 109,000 CA$0.40 CA$43,131
09. Oct 18 Buy Northfield Capital Corporation Company 01. Oct 18 01. Oct 18 581,500 CA$0.36 CA$212,247
03. Oct 18 Buy Brian Howlett Individual 03. Oct 18 03. Oct 18 4,000 CA$0.44 CA$1,740
24. Sep 18 Buy Northfield Capital Corporation Company 13. Sep 18 13. Sep 18 12,000 CA$0.30 CA$3,540
29. Aug 18 Buy Morris Prychidny Individual 27. Aug 18 27. Aug 18 30,000 CA$0.39 CA$11,700
24. Aug 18 Buy Northfield Capital Corporation Company 21. Aug 18 21. Aug 18 5,000 CA$0.30 CA$1,475
20. Aug 18 Buy Brian Howlett Individual 20. Aug 18 20. Aug 18 5,000 CA$0.31 CA$1,525
23. Aug 18 Buy Morris Prychidny Individual 21. Aug 18 21. Aug 18 13,500 CA$0.33 CA$4,387
22. Aug 18 Buy Northfield Capital Corporation Company 17. Aug 18 17. Aug 18 25,000 CA$0.31 CA$7,625
10. Aug 18 Buy Northfield Capital Corporation Company 07. Aug 18 07. Aug 18 25,000 CA$0.36 CA$8,875
09. Aug 18 Buy Northfield Capital Corporation Company 02. Aug 18 02. Aug 18 75,000 CA$0.40 CA$30,248
16. Jul 18 Buy Northfield Capital Corporation Company 11. Jul 18 11. Jul 18 1,194,608 CA$0.37 CA$436,033
14. Jul 18 Buy Morris Prychidny Individual 11. Jul 18 11. Jul 18 100,000 CA$0.37 CA$36,500
11. Jul 18 Buy Brian Howlett Individual 11. Jul 18 11. Jul 18 100,000 CA$0.37 CA$36,500
04. Jul 18 Buy Northfield Capital Corporation Company 27. Jun 18 27. Jun 18 30,000 CA$0.42 CA$12,675
22. Jun 18 Buy Northfield Capital Corporation Company 19. Jun 18 19. Jun 18 50,000 CA$0.43 CA$21,500
21. Jun 18 Buy Northfield Capital Corporation Company 18. Jun 18 18. Jun 18 85,000 CA$0.45 CA$38,497
20. Jun 18 Buy Northfield Capital Corporation Company 15. Jun 18 15. Jun 18 16,500 CA$0.46 CA$7,648
19. Jun 18 Buy Northfield Capital Corporation Company 13. Jun 18 13. Jun 18 79,500 CA$0.47 CA$37,580
12. Jun 18 Buy Northfield Capital Corporation Company 06. Jun 18 06. Jun 18 29,500 CA$0.48 CA$14,160
31. May 18 Buy Northfield Capital Corporation Company 24. May 18 24. May 18 14,000 CA$0.48 CA$6,720
28. May 18 Buy Northfield Capital Corporation Company 22. May 18 22. May 18 365,000 CA$0.50 CA$182,500
17. May 18 Buy Brian Howlett Individual 17. May 18 17. May 18 20,000 CA$0.57 CA$11,400
12. Apr 18 Buy Brian Howlett Individual 11. Apr 18 11. Apr 18 20,000 CA$0.64 CA$12,800
X
Management checks
We assess Nighthawk 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. Nighthawk 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.

NHK News

Simply Wall St News

How Nighthawk Gold Corp. (TSE:NHK) Can Impact Your Portfolio Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Could Nighthawk Gold Corp's (TSE:NHK) Investor Composition Influence The Stock Price?

Every investor in Nighthawk Gold Corp (TSE:NHK) should be aware of the most powerful shareholder groups. … Nighthawk Gold is a smaller company with a market capitalization of CA$76m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Who Are Nighthawk Gold Corp's (TSE:NHK) Major Shareholders?

In this article, I'm going to take a look at Nighthawk Gold Corp’s (TSE:NHK) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … View out our latest analysis for Nighthawk Gold

Simply Wall St -

NHK Company Info

Description

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. It owns a 100% interest in the Indin Lake Gold property covering an area of 222,203 acres located to the north of Yellowknife, the Northwest Territories, as well as Colomac Gold Project. The company was formerly known as Merc International Minerals Inc. and changed its name to Nighthawk Gold Corp. in April 2012. Nighthawk Gold Corp. was incorporated in 2004 and is headquartered in Toronto, Canada.

Details
Name: Nighthawk Gold Corp.
NHK
Exchange: TSX
Founded: 2004
CA$64,891,508
193,705,996
Website: http://www.nighthawkgold.com
Address: Nighthawk Gold Corp.
141 Adelaide Street West,
Suite 301,
Toronto,
Ontario, M5H 3L5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX NHK Common Shares The Toronto Stock Exchange CA CAD 08. Sep 2006
OTCPK MIMZ.F Common Shares Pink Sheets LLC US USD 08. Sep 2006
DB M2M1 Common Shares Deutsche Boerse AG DE EUR 08. Sep 2006
TSXV NHK Common Shares TSX Venture Exchange CA CAD 08. Sep 2006
Number of employees
Current staff
Staff numbers
3
Nighthawk Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:07
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2018/11/12
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.