TSXV:BN.H

Stock Analysis Report

Executive Summary

Bluenose Gold Corp. engages in the acquisition and exploration of resource properties in Canada.


Snowflake Analysis

Mediocre balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BN.H has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BN.H

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

27.3%

BN.H

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: BN.H matched the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: BN.H exceeded the Canadian Market which returned 10.4% over the past year.


Shareholder returns

BN.HIndustryMarket
7 Day0%-6.0%-6.2%
30 Day0%-1.0%-5.0%
90 Day0%4.9%-2.8%
1 Year27.3%27.3%2.9%2.2%1.1%-2.0%
3 Year166.7%166.7%-2.8%-4.5%10.7%0.6%
5 Year833.4%833.4%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

294.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BN.H is poor value based on its PE Ratio (294.1x) compared to the Metals and Mining industry average (17.3x).

PE vs Market: BN.H is poor value based on its PE Ratio (294.1x) compared to the Canadian market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BN.H's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BN.H has negative assets, so we can't compare its PB Ratio to the CA Metals and Mining industry average.


Next Steps

Future Growth

How is Bluenose Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

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 Bluenose 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 Bluenose Gold performed over the past 5 years?

42.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BN.H has a large one-off gain of CA$792.5K impacting its September 30 2019 financial results.

Growing Profit Margin: Insufficient data to determine if BN.H's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: BN.H has become profitable over the past 5 years, growing earnings by 42.3% per year.

Accelerating Growth: BN.H's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BN.H had negative earnings growth (-92.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-1.4%).


Return on Equity

High ROE: BN.H's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bluenose Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BN.H has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BN.H has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BN.H is debt free.

Reducing Debt: BN.H's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BN.H'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: BN.H is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: BN.H is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BN.H'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 BN.H'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?

1.2yrs

Average board tenure


CEO

Raymond Roland 0

20.8yrs

Tenure

0

Mr. Raymond William Roland, also known as Ray, has been the President, Chief Executive Officer and Director of Bluenose Gold Corp. (International Alliance Resources, Inc.) since April 19, 1999 and was its  ...


CEO Compensation Analysis

Compensation vs Market: Raymond's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD165.67K).

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


Board Members

NamePositionTenureCompensationOwnership
Raymond Roland
President20.8yrsno data0.33% CA$50.0k
Matthew Lawson
Independent Director1.2yrsno datano data
Brian O'Neill
Independent Director1.2yrsno data0.56% CA$84.0k

1.2yrs

Average Tenure

Experienced Board: BN.H's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: BN.H insiders have only sold shares 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 4.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Bluenose Gold Corp.
  • Ticker: BN.H
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$15.124m
  • Shares outstanding: 108.03m
  • Website: https://null

Location

  • Bluenose Gold Corp.
  • 700 West Georgia street
  • 25th floor
  • Vancouver
  • British Columbia
  • V7Y 1B3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BN.HTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 1991
ALLX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1991

Biography

Bluenose Gold Corp. engages in the acquisition and exploration of resource properties in Canada. The company was formerly known as International Alliance Resources Inc. and changed its name to Bluenose Gold Corp. in July 2012. Bluenose Gold Corp. is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/01 23:38
End of Day Share Price2019/10/04 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


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.