TSX:NHK

Stock Analysis Report

Executive Summary

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

11.9%

NHK

3.1%

CA Metals and Mining

0.6%

CA Market


1 Year Return

23.5%

NHK

4.7%

CA Metals and Mining

5.3%

CA Market

Return vs Industry: NHK exceeded the Canadian Metals and Mining industry which returned 4.7% over the past year.

Return vs Market: NHK exceeded the Canadian Market which returned 5.3% over the past year.


Shareholder returns

NHKIndustryMarket
7 Day11.9%3.1%0.6%
30 Day13.5%3.5%1.0%
90 Day28.4%11.9%4.5%
1 Year23.5%23.5%5.4%4.7%8.6%5.3%
3 Year-31.3%-31.3%-4.3%-5.9%18.0%7.4%
5 Year112.2%112.2%24.6%21.0%34.4%14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NHK is good value based on its PB Ratio (1.3x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.9%

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 Nighthawk Gold 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 Nighthawk Gold performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NHK is currently unprofitable.

Growing Profit Margin: NHK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NHK is unprofitable, but has reduced losses over the past 5 years at a rate of 0.3% per year.

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

Earnings vs Industry: NHK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.7%).


Return on Equity

High ROE: NHK has a negative Return on Equity (-2.9%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nighthawk Gold's financial position?


Financial Position Analysis

Short Term Liabilities: NHK's short term assets (CA$12.8M) exceed its short term liabilities (CA$1.4M).

Long Term Liabilities: NHK's short term assets (CA$12.8M) exceed its long term liabilities (CA$12.6M).


Debt to Equity History and Analysis

Debt Level: NHK is debt free.

Reducing Debt: NHK had no debt 5 years ago.


Balance Sheet

Inventory Level: NHK has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NHK's debt is covered by short term assets.


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

Forecast Cash Runway: NHK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -32.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

4.3yrs

Average management tenure


CEO

Mike Byron (60yo)

4.3yrs

Tenure

CA$612,288

Compensation

Dr. Michael J. Byron, also known as Mike, Ph.D., PGeo, has been Independent Director of Luxxfolio Holdings Inc. since December 03, 2018. He serves as the Chief Executive Officer and President of Golden Sie ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD461.70K) is above average for companies of similar size in the Canadian market ($USD154.33K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Byron
President4.3yrsCA$612.29k0.22% CA$238.8k
Michael Leskovec
Chief Financial Officer9.3yrsCA$331.98k0.21% CA$232.1k
Suzette Ramcharan
Vice President of Corporate Development2.9yrsno data0.044% CA$48.0k

4.3yrs

Average Tenure

Experienced Management: NHK's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Byron
President4.3yrsCA$612.29k0.22% CA$238.8k
Brent Peters
Independent Director3.8yrsCA$109.99k0.58% CA$639.6k
Ernest Eves
Independent Director6.6yrsCA$111.99k0.053% CA$58.8k
Brian Howlett
Independent Director3.8yrsCA$109.99k0.84% CA$921.2k
Luc Lessard
Independent Director6.6yrsCA$107.99k0.33% CA$364.1k
Morris Prychidny
Chairman of the Board2.8yrsCA$141.59k0.62% CA$677.9k

5.2yrs

Average Tenure

57.5yo

Average Age

Experienced Board: NHK's board of directors are considered experienced (5.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: NHK insiders have sold more shares than they have bought 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 6.9%.


Top Shareholders

Company Information

Nighthawk Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nighthawk Gold Corp.
  • Ticker: NHK
  • Exchange: TSX
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$110.133m
  • Shares outstanding: 44.95m
  • Website: https://www.nighthawkgold.com

Number of Employees


Location

  • Nighthawk Gold Corp.
  • 141 Adelaide Street West
  • Suite 301
  • Toronto
  • Ontario
  • M5H 3L5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NHKTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 2006
MIMZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2006
M2M1DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2006
NHKTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 2006

Biography

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. Its land position covers an area of 222,203 acres located to the north of Yellowknife, the Northwest Territories. It owns a 100% interest in the Indin Lake Gold property that consists of the Colomac Gold Project in the Northwest Territories. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:17
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.