HIGH Stock Overview
HighGold Mining Inc., an exploration company, engages in the exploration and development of gold projects in North America.
HighGold Mining Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.70|
|52 Week High||CA$2.08|
|52 Week Low||CA$0.63|
|1 Month Change||-22.22%|
|3 Month Change||2.94%|
|1 Year Change||-60.00%|
|3 Year Change||-35.78%|
|5 Year Change||n/a|
|Change since IPO||-22.22%|
Recent News & Updates
|HIGH||CA Metals and Mining||CA Market|
Return vs Industry: HIGH underperformed the Canadian Metals and Mining industry which returned -5% over the past year.
Return vs Market: HIGH underperformed the Canadian Market which returned -2.5% over the past year.
|HIGH Average Weekly Movement||9.4%|
|Metals and Mining Industry Average Movement||11.9%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||18.3%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: HIGH is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: HIGH's weekly volatility (9%) has been stable over the past year.
About the Company
HighGold Mining Inc., an exploration company, engages in the exploration and development of gold projects in North America. It also explores for copper, zinc, silver, and lead, as well as other base metals. The company’s flagship asset is the 20,942 acres Johnson Tract gold property located in Southcentral Alaska, the United States.
HighGold Mining Fundamentals Summary
|HIGH fundamental statistics|
Is HIGH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HIGH income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.027|
|Net Profit Margin||0.00%|
How did HIGH perform over the long term?See historical performance and comparison
Is HIGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HIGH?
Other financial metrics that can be useful for relative valuation.
|What is HIGH's n/a Ratio?|
Price to Book Ratio vs Peers
How does HIGH's PB Ratio compare to its peers?
|HIGH PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
LAB Labrador Gold
SPA Spanish Mountain Gold
SIC Sokoman Minerals
GAL Galantas Gold
HIGH HighGold Mining
Price-To-Book vs Peers: HIGH is good value based on its Price-To-Book Ratio (0.8x) compared to the peer average (2.2x).
Price to Earnings Ratio vs Industry
How does HIGH's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Book vs Industry: HIGH is good value based on its Price-To-Book Ratio (0.8x) compared to the Canadian Metals and Mining industry average (1.6x)
Price to Book Ratio vs Fair Ratio
What is HIGH's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.8x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate HIGH's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of HIGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate HIGH's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate HIGH's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is HighGold Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 HighGold Mining 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.
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- Examine HighGold Mining'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.
- HighGold Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
How has HighGold Mining performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIGH is currently unprofitable.
Growing Profit Margin: HIGH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HIGH is unprofitable, and losses have increased over the past 5 years at a rate of 57% per year.
Accelerating Growth: Unable to compare HIGH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HIGH is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).
Return on Equity
High ROE: HIGH has a negative Return on Equity (-3.2%), as it is currently unprofitable.
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How is HighGold Mining's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: HIGH's short term assets (CA$18.5M) exceed its short term liabilities (CA$370.8K).
Long Term Liabilities: HIGH has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HIGH is debt free.
Reducing Debt: HIGH has not had any debt for past 5 years.
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: HIGH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HIGH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.4% each year
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What is HighGold Mining current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|HighGold Mining Dividend Yield vs Market|
|Company (HighGold Mining)||n/a|
|Market Bottom 25% (CA)||1.9%|
|Market Top 25% (CA)||5.9%|
|Industry Average (Metals and Mining)||2.6%|
|Analyst forecast in 3 Years (HighGold Mining)||n/a|
Notable Dividend: Unable to evaluate HIGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HIGH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HIGH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HIGH's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as HIGH has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Darwin Green (50 yo)
Mr. Darwin Green B.Sc., M.Sc., P. Geo, serves as President and Chief Executive Officer and Director at HighGold Mining Inc since April 16, 2019. Mr. Green serves as Independent Director at Evergold Corp si...
CEO Compensation Analysis
|Darwin Green's Compensation vs HighGold Mining Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CA$365k||CA$240k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||CA$390k||CA$240k|
|Sep 30 2020||n/a||n/a|
|Dec 31 2019||CA$147k||CA$104k|
Compensation vs Market: Darwin's total compensation ($USD266.95K) is above average for companies of similar size in the Canadian market ($USD178.72K).
Compensation vs Earnings: Darwin's compensation has been consistent with company performance over the past year.
Experienced Management: HIGH's management team is considered experienced (3.4 years average tenure).
Experienced Board: HIGH's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HIGH insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
|18 Jul 22||SellCA$33,400||Ian Cunningham-Dunlop||Individual||50,000||CA$0.67|
|15 Jul 22||BuyCA$13,583||Ian Cunningham-Dunlop||Individual||20,000||CA$0.69|
|12 Jul 22||BuyCA$20,400||Michael Cinnamond||Individual||30,000||CA$0.68|
|21 Apr 22||BuyCA$14,976||Naomi Nemeth||Individual||15,600||CA$0.96|
|11 Apr 22||BuyCA$9,900||Michael Cinnamond||Individual||10,000||CA$0.99|
|07 Apr 22||BuyCA$10,000||Darwin Green||Individual||10,000||CA$1.00|
|04 Apr 22||BuyCA$7,565||Lance Miller||Individual||7,300||CA$1.04|
|01 Mar 22||BuyCA$11,200||Michael Gray||Individual||10,000||CA$1.12|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
HighGold Mining Inc.'s employee growth, exchange listings and data sources
- Name: HighGold Mining Inc.
- Ticker: HIGH
- Exchange: TSXV
- Founded: 2019
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$51.170m
- Shares outstanding: 73.10m
- Website: https://www.highgoldmining.com
- HighGold Mining Inc.
- 800 West Pender Street
- Suite 320
- British Columbia
- V6C 2V6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HIGH||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 2019|
|HGGO.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
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.