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HIGH

HighGold Mining TSXV:HIGH Stock Report

Last Price

CA$0.70

Market Cap

CA$51.2m

7D

4.5%

1Y

-60.0%

Updated

05 Oct, 2022

Data

Company Financials
HIGH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for HighGold Mining
Historical stock prices
Current Share PriceCA$0.70
52 Week HighCA$2.08
52 Week LowCA$0.63
Beta1.27
1 Month Change-22.22%
3 Month Change2.94%
1 Year Change-60.00%
3 Year Change-35.78%
5 Year Changen/a
Change since IPO-22.22%

Recent News & Updates

Shareholder Returns

HIGHCA Metals and MiningCA Market
7D4.5%7.2%3.2%
1Y-60.0%-6.1%-3.0%

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.

Price Volatility

Is HIGH's price volatile compared to industry and market?
HIGH volatility
HIGH Average Weekly Movement9.4%
Metals and Mining Industry Average Movement11.9%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

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

FoundedEmployeesCEOWebsite
2019n/aDarwin Greenhttps://www.highgoldmining.com

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

How do HighGold Mining's earnings and revenue compare to its market cap?
HIGH fundamental statistics
Market CapCA$51.17m
Earnings (TTM)-CA$1.96m
Revenue (TTM)n/a

0.0x

P/S Ratio

-26.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIGH income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$1.96m
Earnings-CA$1.96m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did HIGH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HIGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

HIGH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does HIGH's PB Ratio compare to its peers?

HIGH PB Ratio vs Peers
The above table shows the PB ratio for HIGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.2x
LAB Labrador Gold
1x-58.6%CA$51.6m
SPA Spanish Mountain Gold
0.6xn/aCA$51.3m
SIC Sokoman Minerals
4.1xn/aCA$60.0m
GAL Galantas Gold
3.3x88.4%CA$64.9m
HIGH HighGold Mining
0.8xn/aCA$51.2m

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.

HIGH PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.8x
Fair PB Ration/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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.6%

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.

Past Performance

How has HighGold Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-57.0%

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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Financial Health

How is HighGold Mining's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


Balance Sheet


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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Dividend

What is HighGold Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

HighGold Mining Dividend Yield vs Market
How does HighGold Mining dividend yield compare to the market?
SegmentDividend Yield
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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Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Darwin Green (50 yo)

3.5yrs

Tenure

CA$365,000

Compensation

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
How has Darwin Green's remuneration changed compared to HighGold Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$2m

Mar 31 2022n/an/a

-CA$2m

Dec 31 2021CA$365kCA$240k

-CA$2m

Sep 30 2021n/an/a

-CA$2m

Jun 30 2021n/an/a

-CA$2m

Mar 31 2021n/an/a

-CA$1m

Dec 31 2020CA$390kCA$240k

-CA$739k

Sep 30 2020n/an/a

-CA$2m

Dec 31 2019CA$147kCA$104k

-CA$2m

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.


Leadership Team

Experienced Management: HIGH's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: HIGH's board of directors are considered experienced (3.3 years average tenure).


Ownership

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

TSXV:HIGH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 Jul 22SellCA$33,400Ian Cunningham-DunlopIndividual50,000CA$0.67
15 Jul 22BuyCA$13,583Ian Cunningham-DunlopIndividual20,000CA$0.69
12 Jul 22BuyCA$20,400Michael CinnamondIndividual30,000CA$0.68
21 Apr 22BuyCA$14,976Naomi NemethIndividual15,600CA$0.96
11 Apr 22BuyCA$9,900Michael CinnamondIndividual10,000CA$0.99
07 Apr 22BuyCA$10,000Darwin GreenIndividual10,000CA$1.00
04 Apr 22BuyCA$7,565Lance MillerIndividual7,300CA$1.04
01 Mar 22BuyCA$11,200Michael GrayIndividual10,000CA$1.12

Ownership Breakdown

What is the ownership structure of HIGH?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,317,4001.8%
Institutions16,878,53323.1%
General Public54,904,27775.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.6%.


Top Shareholders

Top 16 shareholders own 24.89% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.73%
Franklin Resources, Inc.
6,378,000CA$4.5m0%no data
4.47%
Sprott Asset Management LP
3,265,150CA$2.3m0%0.08%
4.1%
ASA Gold and Precious Metals Limited
3,000,000CA$2.1m0%0.53%
2.74%
1832 Asset Management L.P.
2,000,000CA$1.4m-64.29%no data
1.77%
CI Global Asset Management
1,290,383CA$903.3k0%no data
0.51%
U.S. Global Investors, Inc.
375,000CA$262.5k-25%0.01%
0.47%
Darwin Green
343,126CA$240.2k-6.66%no data
0.44%
Michael Gray
320,416CA$224.3k3.22%no data
0.31%
Michael Cinnamond
225,000CA$157.5k15.38%no data
0.3%
Mackenzie Financial Corporation
216,548CA$151.6k0%no data
0.28%
Canada Life Investment Management Ltd.
207,532CA$145.3k0%0.01%
0.28%
Ian Cunningham-Dunlop
205,125CA$143.6k-12.76%no data
0.2%
IG Investment Management, Ltd.
145,920CA$102.1k0%no data
0.12%
Naomi Nemeth
90,600CA$63.4k20.8%no data
0.1%
P. Morfopoulos
75,833CA$53.1k0%no data
0.078%
Lance Miller
57,300CA$40.1k14.6%no data

Company Information

HighGold Mining Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • HighGold Mining Inc.
  • 800 West Pender Street
  • Suite 320
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIGHTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 2019
HGGO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.