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Falcon Gold

TSXV:FG
Snowflake Description

Mediocre balance sheet and overvalued.

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

Falcon Gold Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in the Americas. The last earnings update was 23 days ago. More info.


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  • Falcon Gold has significant price volatility in the past 3 months.
FG Share Price and Events
7 Day Returns
16.7%
TSXV:FG
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-22.2%
TSXV:FG
-5.9%
CA Metals and Mining
0.7%
CA Market
FG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Falcon Gold (FG) 16.7% 0% 40% -22.2% -65% -82.5%
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
  • FG underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • FG underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
FG
Industry
5yr Volatility vs Market

FG Value

 Is Falcon 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 Falcon Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.035.
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 Falcon Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Falcon Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:FG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:FG Share Price ** TSXV (2019-03-20) in CAD CA$0.04
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 Falcon Gold.

TSXV:FG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:FG Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.02

-2.24x

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

  • Falcon Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Falcon Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Falcon Gold's expected growth come at a high price?
Raw Data
TSXV:FG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 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 Falcon Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Falcon Gold's assets?
Raw Data
TSXV:FG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.03
TSXV:FG Share Price * TSXV (2019-03-20) in CAD CA$0.04
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
TSXV:FG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:FG Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ 0.03

1.29x

* Primary Listing of Falcon Gold.

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

  • Falcon Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Falcon 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. Falcon 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.

FG Future Performance

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

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 Falcon 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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 Falcon Gold expected to grow at an attractive rate?
  • Unable to compare Falcon Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Falcon Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Falcon Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:FG 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
TSXV:FG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:FG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 0
2016-09-30 0 -1
2016-06-30 0 -1
2016-03-31 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Falcon Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Falcon 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
TSXV:FG 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 0 Analyst Estimates (S&P Global) See Below

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

TSXV:FG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.09
2016-06-30 -0.16
2016-03-31 -0.20

*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 Falcon Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of FG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Falcon Gold's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Falcon Gold's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Falcon 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.
Falcon 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.

FG Past Performance

  How has Falcon 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 Falcon 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.
  • Falcon 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 Falcon Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Falcon Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Falcon 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 Falcon Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.50 0.47
2018-09-30 -0.47 0.44
2018-06-30 -0.48 0.43
2018-03-31 -0.35 0.30
2017-12-31 -0.39 0.35
2017-09-30 -0.44 0.40
2017-06-30 -0.61 0.58
2017-03-31 -0.60 0.60
2016-12-31 -0.49 0.50
2016-09-30 -0.83 0.40
2016-06-30 -1.38 0.22
2016-03-31 -1.62 0.20
2015-12-31 -1.76 0.34
2015-09-30 -1.45 0.47
2015-06-30 -1.06 0.78
2015-03-31 -0.88 0.72
2014-12-31 -0.79 0.62
2014-09-30 -0.68 0.51
2014-06-30 -0.34 0.18
2014-03-31 -0.28 0.23
2013-12-31 -0.55 0.26
2013-09-30 -0.38 0.34
2013-06-30 -0.64 0.59
2013-03-31 -0.55 0.62
2012-12-31 -0.46 0.68
2012-09-30 -0.65 0.66
2012-06-30 -0.46 0.49
2012-03-31 -0.54 0.55

*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 Falcon 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 Falcon 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 Falcon 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 Falcon 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.
Falcon 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.

FG Health

 How is Falcon 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 Falcon Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Falcon Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Falcon Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Falcon 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.
  • Falcon 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 Falcon Gold Company Filings, last reported 2 months ago.

TSXV:FG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.03 0.00 0.01
2018-09-30 0.98 0.00 0.01
2018-06-30 1.04 0.00 0.03
2018-03-31 1.01 0.00 0.02
2017-12-31 1.09 0.00 0.16
2017-09-30 0.92 0.00 0.01
2017-06-30 0.91 0.05 0.01
2017-03-31 1.03 0.05 0.02
2016-12-31 1.15 0.00 0.06
2016-09-30 1.27 0.00 0.21
2016-06-30 0.82 0.00 0.00
2016-03-31 0.93 0.00 0.00
2015-12-31 0.94 0.00 0.00
2015-09-30 1.41 0.00 0.00
2015-06-30 2.16 0.00 0.01
2015-03-31 2.29 0.12 0.03
2014-12-31 2.44 0.07 0.05
2014-09-30 2.57 0.00 0.12
2014-06-30 2.00 0.06 0.01
2014-03-31 2.18 0.04 0.01
2013-12-31 2.24 0.03 0.01
2013-09-30 2.29 0.01 0.03
2013-06-30 2.34 0.00 0.05
2013-03-31 2.46 0.00 0.04
2012-12-31 2.54 0.00 0.16
2012-09-30 2.67 0.00 0.19
2012-06-30 2.79 0.00 0.81
2012-03-31 1.52 0.00 0.21
  • Falcon Gold has no debt.
  • Falcon Gold has no debt compared to 5 years ago when it was 1.1%.
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.

  • Falcon Gold has less than a year of cash runway based on current free cash flow.
  • Falcon Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.6% each year.
X
Financial health checks
We assess Falcon 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. Falcon 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.

FG Dividends

 What is Falcon 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 Falcon Gold dividends.
If you bought CA$2,000 of Falcon 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 Falcon Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Falcon 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
TSXV:FG 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 0 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.

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

  • Unable to perform a dividend volatility check as Falcon Gold has not reported any payouts.
  • Unable to verify if Falcon Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Falcon Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Falcon Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Falcon 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 Falcon Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Falcon 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.

FG Management

 What is the CEO of Falcon 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
Stephen Wilkinson
COMPENSATION CA$57,950
TENURE AS CEO 4.4 years
CEO Bio

Mr. Stephenson J. Wilkinson, also known as Stephen, B.Sc., M.Sc., M.B.A., has been the Chief Executive Officer at Blue Star Gold Corp. (formerly WPC Resources Inc.) since May 15, 2015 and has been its President since June 10, 2014. Mr. Wilkinson serves as the Chief Executive Officer of Faircourt CSCRF 2008 No 1 Management Ltd., the General Partner of Faircourt CSCRF 2008 No. 1 Limited Partnership. He has been the Chief Executive Officer of Falcon Gold Corp. since October 2, 2014 and serves as its President. He serves as the Chief Executive Officer and President of Canadian Small Cap Resource Fund 2006 No 1 Management Ltd. - General Partner of Canadian Small Cap Resource Fund 2006 No. 1 LP. He serves as the President and Chief Executive Officer of the Contrarian Resource Funds, a flow-through investment fund. He served as the Chief Executive Officer and President of ValGold Resources Ltd. from September 2002 to July 8, 2014. He served as the Chief Executive officer and President of Canadian Small Cap Resource Fund 2004 Management Limited - General Partner of Canadian Small Cap Resource Fund 2004 L P. He served as the President and Chief Executive Officer of Northern Orion Explorations Ltd. from 1999 to 2002. He served as the Chief Executive Officer of NovaDx Ventures Corp., until October 10, 2006 and its President from May 17, 2006 to October 10, 2006. He served as the Chief Executive Officer and President of NXA Inc. from June 11, 2009 to December 2009. He served as Equity Analyst at RBC Capital Markets, LLC, Research Division. From 1996 to 1999, he served as Mining Analyst for RBC Dominion Securities Inc. and was responsible for small capitalization gold and base metal companies. He has an extensive experience in the mining and finance industries having served as an Officer and Director of several private and public companies, supplemented over the past three decades by experience working for mining companies and government agencies. Mr. Wilkinson is a Mining Executive, Corporate Director and Business Consultant based in North Vancouver, British Columbia. He served as the Chairman of Centurion Minerals Ltd. since October 27, 2015 until March 2018. He served as the Chairman at Valgold Resources Ltd. until February 2010. He served as the Chairman of NovaDx Ventures Corp. He serves as Independent Director at Centurion Minerals Ltd. since November 4, 2013. He has been Independent Director at Portofino Resources Inc. since August 24, 2016. He has been a Director of Falcon Gold Corp. since August 15, 2014. He served as Director at Parallel Mining Corp. since December 04, 2012 Until January 14, 2019. He serves as a Director of Canadian Small Cap Resource Fund 2006 No 1 Management Ltd. and Faircourt CSCRF 2008 No 1 Management Ltd. He served as Director of HMZ Metals, Inc. since November 26, 2003 and also served as its Lead Director since May 1, 2006. He served as a Director of Faircourt Resource Fund Management Ltd, the General Partner of Faircourt Resource Fund Limited Partnership. He served as a Director of Emgold Mining Corp. from June 2007 to June 14, 2013 and Valgold Resources Ltd. from July 18, 2001 to January 2015. He served as Director of Canadian Small Cap Resource Fund 2004 LP. He served as Director of Faircourt Exploration Flow-Through 2010 Management Ltd., the General Partner of Faircourt Exploration Flow-Through 2010 Limited Partnership. He served as a Director of Northern Orion Explorations Ltd. from 1999 to 2002, Gran Colombia Gold Corp. from August 6, 2010 to June 01, 2012, NovaDx Ventures Corp. since March 29, 2006, Melior Resources Inc. from September 2008 to November 2008, NXA Inc. from June 2009 to December 2009, Pacific Stratus International Energy Ltd. (Also known as Pacific Stratus Energy, Ltd.) since June 14, 2005, Bolivar Gold Corp. since July 3, 2003 and Northern Orion Resources Inc. from 1999 to 2002. He served as an Independent Director of ElanOre Resources Inc. from February 18, 2013 to July 2013. He was Director at WPC Resources Inc from June 10, 2014 to December 17, 2018. Mr. Wilkinson holds a Bachelor of Science from the University of Western Ontario, Geology in 1976, a Master of Science from Carleton University in Ottawa, Geology in 1983 and an MBA degree from Clarkson University in Potsdam, NY in 1995.

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

Average tenure of the Falcon Gold management team in years:

4.4
Average Tenure
  • The tenure for the Falcon Gold management team is about average.
Management Team

Stephen Wilkinson

TITLE
President
COMPENSATION
CA$58K
TENURE
4.4 yrs

Brian Crawford

TITLE
CFO & Director
COMPENSATION
CA$36K
AGE
71
TENURE
4.4 yrs

Ken Cawkell

TITLE
Secretary
AGE
67
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure of the Falcon Gold board of directors in years:

5.7
Average Tenure
  • The tenure for the Falcon Gold board of directors is about average.
Board of Directors

David Tafel

TITLE
Chairman of the Board
COMPENSATION
CA$50K
AGE
60
TENURE
4.4 yrs

Stephen Wilkinson

TITLE
President
COMPENSATION
CA$58K
TENURE
4.6 yrs

Brian Crawford

TITLE
CFO & Director
COMPENSATION
CA$36K
AGE
71
TENURE
12.3 yrs

James Farley

TITLE
Director
COMPENSATION
CA$11K
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Falcon Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Feb 19 Buy James Farley Individual 20. Feb 19 20. Feb 19 117,000 CA$0.04 CA$4,680
11. Jan 19 Buy James Farley Individual 09. Jan 19 09. Jan 19 100,000 CA$0.04 CA$4,000
08. Jan 19 Buy James Farley Individual 07. Jan 19 08. Jan 19 200,000 CA$0.04 CA$7,999
15. Nov 18 Buy James Farley Individual 14. Nov 18 14. Nov 18 75,000 CA$0.04 CA$2,625
31. Oct 18 Sell David Tafel Individual 26. Oct 18 26. Oct 18 -69,000 CA$0.05 CA$-3,375
20. Jul 18 Sell David Tafel Individual 18. Jul 18 18. Jul 18 -75,000 CA$0.05 CA$-3,375
22. May 18 Buy David Tafel Individual 18. May 18 18. May 18 800,000 CA$0.05 CA$40,000
22. May 18 Buy Stephenson Wilkinson Individual 18. May 18 18. May 18 1,200,000 CA$0.05 CA$59,999
20. Apr 18 Buy James Farley Individual 19. Apr 18 19. Apr 18 30,000 CA$0.06 CA$1,700
14. Apr 18 Sell Stephenson Wilkinson Individual 13. Apr 18 13. Apr 18 -400,000 CA$0.05 CA$-20,000
11. Apr 18 Sell David Tafel Individual 09. Apr 18 09. Apr 18 -500,000 CA$0.05 CA$-25,000
11. Apr 18 Sell Stephenson Wilkinson Individual 09. Apr 18 09. Apr 18 -500,000 CA$0.05 CA$-25,000
X
Management checks
We assess Falcon 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. Falcon 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.

FG News

Simply Wall St News

Did You Manage To Avoid Falcon Gold's (CVE:FG) Devastating 85% Share Price Drop?

Falcon Gold hasn't yet reported any revenue yet, so it's as much a business idea as a business. … It seems likely some shareholders believe that Falcon Gold will find or develop a valuable new mine before too long. … But since the share price has dived -32% per year, over 5 years, it looks like some investors think it's time to abandon ship, so to speak.

Simply Wall St -

Does The Falcon Gold Corp. (CVE:FG) Share Price Tend To Follow The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Falcon Gold Corp (CVE:FG): What Does It Mean For Your Portfolio?

Generally, an investor should consider two types of risk that impact the market value of FG. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

Simply Wall St -

Who Are Falcon Gold Corp's (CVE:FG) Major Shareholders?

The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in FG should also look at another important group of investors: private companies, with a stake of 2.78%, who are primarily invested because of strategic and capital gain interests.

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How Falcon Gold Corp (CVE:FG) Can Impact Your Portfolio Volatility

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 1.69, Falcon Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … FG, with its market capitalisation of CA$1.41M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Is Falcon Gold Corp (CVE:FG) Thriving Or Barely Surviving In The Basic Materials Sector?

Falcon Gold Corp (TSXV:FG), a CADCA$873.85K small-cap, operates in the basic materials industry which supplies materials for construction. … In this article, I’ll take you through the sector growth expectations, and also determine whether Falcon Gold is a laggard or leader relative to its basic materials sector peers. … View our latest analysis for Falcon Gold What’s the catalyst for Falcon Gold's sector growth?

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One Thing To Consider Before Buying Falcon Gold Corp (TSXV:FG)

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … View our latest analysis for Falcon Gold An interpretation of FG's beta With a beta of 2.27, Falcon Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … FG, with its market capitalisation of CAD CA$873.85K, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Are Falcon Gold Corp's (TSXV:FG) Interest Costs Too High?

Check out our latest analysis for Falcon Gold Does FG generate enough cash through operations? … FG’s recent operating cash flow was -14.19 times its debt within the past year. … FG’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

FG Company Info

Description

Falcon Gold Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in the Americas. Its projects include the Central Canada cobalt, copper, and gold project; the Coomer Lake vanadium project; the Wabunk cobalt and copper project; and the Burton gold property located in Northern Ontario, Canada. The company also has an agreement to acquire 20,461 hectares within the Sierra de Las Minas District, Argentina. The company was formerly known as Chesstown Capital Inc. and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Details
Name: Falcon Gold Corp.
FG
Exchange: TSXV
Founded: 2006
CA$1,330,706
38,020,184
Website: http://www.falcongold.ca
Address: Falcon Gold Corp.
470 Granville Street,
Suite 520,
Vancouver,
British Columbia, V6C 1V5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FG Common Shares TSX Venture Exchange CA CAD 18. Dec 2007
DB 3FA Common Shares Deutsche Boerse AG DE EUR 18. Dec 2007
Number of employees
Current staff
Staff numbers
0
Falcon Gold employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:14
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.