Executive Summary
Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
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
| NHK | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.9% | 3.1% | 0.6% |
| 30 Day | 13.5% | 3.5% | 1.0% |
| 90 Day | 28.4% | 11.9% | 4.5% |
| 1 Year | 23.5%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 Year | 112.2%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
1 week ago | Simply Wall St
Here's Why We're Watching Nighthawk Gold's (TSE:NHK) Cash Burn Situation1 month ago | Simply Wall St
Did Nighthawk Gold Corp. (TSE:NHK) Insiders Buy Up More Shares?3 months ago | Simply Wall St
What Kind Of Shareholder Owns Most Nighthawk Gold Corp. (TSE:NHK) Stock?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
- Examine Nighthawk Gold'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.
- Nighthawk Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | CA$612.29k | 0.22% CA$238.8k | |
| Chief Financial Officer | 9.3yrs | CA$331.98k | 0.21% CA$232.1k | |
| Vice President of Corporate Development | 2.9yrs | no data | 0.044% CA$48.0k |
4.3yrs
Average Tenure
Experienced Management: NHK's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | CA$612.29k | 0.22% CA$238.8k | |
| Independent Director | 3.8yrs | CA$109.99k | 0.58% CA$639.6k | |
| Independent Director | 6.6yrs | CA$111.99k | 0.053% CA$58.8k | |
| Independent Director | 3.8yrs | CA$109.99k | 0.84% CA$921.2k | |
| Independent Director | 6.6yrs | CA$107.99k | 0.33% CA$364.1k | |
| Chairman of the Board | 2.8yrs | CA$141.59k | 0.62% 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NHK | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 2006 |
| MIMZ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 2006 |
| M2M1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 2006 |
| NHK | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 00:17 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.