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Noront Resources

TSXV:NOT
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NOT
TSXV
CA$98M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Noront Resources Ltd., a resource company, engages in the acquisition, development, and exploration of base and precious metals in Canada. The last earnings update was 116 days ago. More info.


Add to Portfolio Compare Print
  • Noront Resources has significant price volatility in the past 3 months.
NOT Share Price and Events
7 Day Returns
-1.9%
TSXV:NOT
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-31.6%
TSXV:NOT
-3.9%
CA Metals and Mining
2.6%
CA Market
NOT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Noront Resources (NOT) -1.9% -7.1% 18.2% -31.6% -22.4% -48%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • NOT underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • NOT underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
NOT
Industry
5yr Volatility vs Market

NOT Value

 Is Noront Resources 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.

In this section, we usually try to help investors determine whether Noront Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Noront Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Noront Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.26.
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 Noront Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Noront Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:NOT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.06
TSXV:NOT Share Price ** TSXV (2019-03-22) in CAD CA$0.26
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Noront Resources.

TSXV:NOT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:NOT Share Price ÷ EPS (both in CAD)

= 0.26 ÷ -0.06

-4.51x

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

  • Noront Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Noront Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Noront Resources's expected growth come at a high price?
Raw Data
TSXV:NOT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.51x
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 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Noront Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Noront Resources's assets?
Raw Data
TSXV:NOT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.08
TSXV:NOT Share Price * TSXV (2019-03-22) in CAD CA$0.26
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:NOT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:NOT Share Price ÷ Book Value per Share (both in CAD)

= 0.26 ÷ -0.08

-3.35x

* Primary Listing of Noront Resources.

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

  • Noront Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of NOT’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. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Noront Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Noront Resources'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. Noront Resources has a total score of 0/6, 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.

NOT Future Performance

 How is Noront Resources 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 Noront Resources 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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Noront Resources expected to grow at an attractive rate?
  • Unable to compare Noront Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Noront Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Noront Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:NOT Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:NOT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:NOT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -10 -20
2018-06-30 -9 -18
2018-03-31 -9 -20
2017-12-31 -9 -16
2017-09-30 -8 -14
2017-06-30 -9 -16
2017-03-31 -9 -17
2016-12-31 -8 -10
2016-09-30 -7 -14
2016-06-30 -8 -15
2016-03-31 -7 -5
2015-12-31 -8 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Noront Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Noront Resources 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:NOT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Noront Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NOT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.06
2018-06-30 -0.05
2018-03-31 -0.06
2017-12-31 -0.05
2017-09-30 -0.04
2017-06-30 -0.05
2017-03-31 -0.05
2016-12-31 -0.03
2016-09-30 -0.05
2016-06-30 -0.06
2016-03-31 -0.02
2015-12-31 -0.08

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

Next steps:

  1. Take a look at our analysis of NOT’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. Noront Resources'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. Noront Resources'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 Noront Resources'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.
Noront Resources 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.

NOT Past Performance

  How has Noront Resources 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 Noront Resources'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.
  • Noront Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Noront Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Noront Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Noront Resources'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 Noront Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NOT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -20.37 4.44
2018-06-30 -17.75 4.58
2018-03-31 -19.80 4.71
2017-12-31 -15.72 4.27
2017-09-30 -14.16 4.50
2017-06-30 -16.45 4.46
2017-03-31 -16.64 4.20
2016-12-31 -9.98 3.67
2016-09-30 -13.62 3.58
2016-06-30 -14.99 3.91
2016-03-31 -4.60 3.92
2015-12-31 -19.43 5.00
2015-09-30 -14.33 4.81
2015-06-30 -11.52 4.86
2015-03-31 -19.77 5.40
2014-12-31 -14.29 4.83
2013-12-31 -2.62 5.56
2013-10-31 -5.59 6.06
2013-07-31 -17.59 6.48
2013-04-30 -18.79 6.21
2013-01-31 -21.67 6.76
2012-10-31 -24.32 6.97
2012-07-31 -25.28 1.24
2012-04-30 -28.75 7.25

*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 Noront Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Noront Resources 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 Noront Resources 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 Noront Resources'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.
Noront Resources 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.

NOT Health

 How is Noront Resources'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 Noront Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Noront Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Noront Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Noront Resources'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.
  • Noront Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Noront Resources Company Filings, last reported 5 months ago.

TSXV:NOT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -28.17 55.01 3.99
2018-06-30 -26.47 53.84 6.35
2018-03-31 -27.07 52.36 4.48
2017-12-31 -21.22 49.91 6.72
2017-09-30 -17.29 48.20 8.35
2017-06-30 -21.18 48.14 6.69
2017-03-31 -15.79 47.37 8.68
2016-12-31 -12.73 45.93 11.48
2016-09-30 -11.37 43.07 11.28
2016-06-30 -18.83 40.71 5.86
2016-03-31 -13.80 43.88 8.66
2015-12-31 -23.75 48.37 3.10
2015-09-30 -19.48 45.41 2.97
2015-06-30 -18.19 41.47 4.27
2015-03-31 -22.86 18.49 2.65
2014-12-31 -11.27 16.76 4.80
2013-12-31 0.81 14.95 15.09
2013-10-31 3.94 14.63 15.74
2013-07-31 -1.62 14.38 12.73
2013-04-30 0.92 14.07 14.06
2013-01-31 3.72 0.00 2.04
2012-10-31 7.46 0.00 5.77
2012-07-31 14.31 0.00 10.85
2012-04-30 6.93 0.00 5.13
  • Noront Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Noront Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Noront Resources has less than a year of cash runway based on current free cash flow.
  • Noront Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -44.6% each year.
X
Financial health checks
We assess Noront Resources'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. Noront Resources has a total score of 0/6, 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.

NOT Dividends

 What is Noront Resources'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 Noront Resources dividends.
If you bought CA$2,000 of Noront Resources 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 Noront Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Noront Resources'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:NOT 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 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 Noront Resources has not reported any payouts.
  • Unable to verify if Noront Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Noront Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Noront Resources 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 Noront Resources'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 Noront Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Noront Resources 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.

NOT Management

 What is the CEO of Noront Resources'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
Alan Coutts
COMPENSATION CA$621,217
AGE 56
TENURE AS CEO 5.4 years
CEO Bio

Mr. Al Coutts has been the Chief Executive Officer and President of Noront Resources Ltd. since October 01, 2013. Mr. Coutts serves as an Executive General Manager of Australasia for Xstrata Nickel at Xstrata Plc. He is a Mining Executive with over 25 years of experience in all aspects of exploration, feasibility, construction and production of mineral deposits. He has worked both domestically and abroad in a variety of roles and across multiple commodities. Most recently, he served as the Managing Director of Xstrata Nickel Australasia based in Perth, Australia. He served as General Manager at the Brunswick Mine, Canada before relocating to Australia. Previous to that, he occupied roles that included General Manager, Manager of Mining, Chief Geologist and Regional Exploration Manager, mostly with Falconbridge. He has been a Director of Noront Resources Ltd. since October 1, 2013. Mr. Coutts holds an Honors degree in Geology from the University of Alberta and has Professional Geoscientist (P.Geo) status in the province of Ontario.

CEO Compensation
  • Alan's compensation has increased whilst company is loss making.
  • Alan's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Noront Resources management team in years:

6.1
Average Tenure
  • The average tenure for the Noront Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alan Coutts

TITLE
President
COMPENSATION
CA$621K
AGE
56
TENURE
5.4 yrs

Greg Rieveley

TITLE
Chief Financial Officer
COMPENSATION
CA$373K
TENURE
9.9 yrs

Steve Flewelling

TITLE
Chief Development Officer
COMPENSATION
CA$417K
TENURE
3.8 yrs

Ryan Weston

TITLE
Vice President of Exploration
COMPENSATION
CA$256K
AGE
42
TENURE
2.8 yrs

Mark Baker

TITLE
Vice President of Projects
COMPENSATION
CA$256K
TENURE
6.8 yrs

McMillan Binch

TITLE
Legal Counsel

Eric Mosley

TITLE
Chief Geologist
TENURE
7.8 yrs

Glenn Nolan

TITLE
VP of Government Relations & Member of the First Nations Advisory Board
COMPENSATION
CA$226K
Board of Directors Tenure

Average tenure and age of the Noront Resources board of directors in years:

7.8
Average Tenure
56
Average Age
  • The tenure for the Noront Resources board of directors is about average.
Board of Directors

Paul Parisotto

TITLE
Chairman of the Board
COMPENSATION
CA$90K
AGE
57
TENURE
11.2 yrs

Alan Coutts

TITLE
President
COMPENSATION
CA$621K
AGE
56
TENURE
6.2 yrs

Glenn Nolan

TITLE
VP of Government Relations & Member of the First Nations Advisory Board
COMPENSATION
CA$226K
TENURE
9.4 yrs

Sybil Veenman

TITLE
Independent Director
COMPENSATION
CA$81K
AGE
54
TENURE
3.6 yrs

John Pollesel

TITLE
Independent Director
COMPENSATION
CA$87K
AGE
54
TENURE
1.8 yrs

Jerry Asp

TITLE
Member of the First Nations Advisory Board
TENURE
9.4 yrs

Sally Goodman

TITLE
Independent Advisor

Jeremy Brett

TITLE
Independent Advisor

Danielle Giovenazzo

TITLE
Independent Advisor

Steven, Steve Balch

TITLE
Independent Advisor
AGE
57
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Dec 18 Buy Ryan Weston Individual 10. Dec 18 10. Dec 18 50,000 CA$0.23 CA$11,520
05. Dec 18 Sell Paul Parisotto Individual 04. Dec 18 04. Dec 18 -25,000 CA$0.26 CA$-6,375
06. Nov 18 Buy Resource Capital Funds Company 05. Nov 18 05. Nov 18 3,549,288 CA$0.30 CA$1,047,039
27. Jul 18 Buy Sybil Veenman Individual 27. Jul 18 27. Jul 18 50,000 CA$0.36 CA$17,750
12. Jul 18 Buy Resource Capital Funds Company 09. Jul 18 09. Jul 18 200,000 CA$0.25 CA$50,000
10. Jul 18 Sell Paul Parisotto Individual 09. Jul 18 09. Jul 18 -50,000 CA$0.38 CA$-18,750
04. Jul 18 Sell Mark Baker Individual 03. Jul 18 04. Jul 18 -40,000 CA$0.36 CA$-14,391
04. Jul 18 Sell Paul Parisotto Individual 03. Jul 18 03. Jul 18 -50,000 CA$0.40 CA$-20,180
20. Jun 18 Sell Paul Parisotto Individual 18. Jun 18 18. Jun 18 -130,000 CA$0.38 CA$-48,350
15. Jun 18 Sell Paul Parisotto Individual 14. Jun 18 14. Jun 18 -36,000 CA$0.37 CA$-13,320
12. Jun 18 Sell Paul Parisotto Individual 11. Jun 18 11. Jun 18 -100,000 CA$0.38 CA$-37,800
11. Jun 18 Sell Paul Parisotto Individual 08. Jun 18 08. Jun 18 -12,500 CA$0.39 CA$-4,812
17. May 18 Sell Paul Parisotto Individual 17. May 18 17. May 18 -48,000 CA$0.36 CA$-17,280
16. May 18 Sell Paul Parisotto Individual 15. May 18 16. May 18 -152,000 CA$0.36 CA$-52,953
15. May 18 Sell Mark Baker Individual 10. May 18 15. May 18 -66,500 CA$0.36 CA$-23,368
09. May 18 Sell Paul Parisotto Individual 08. May 18 08. May 18 -88,000 CA$0.35 CA$-30,800
07. May 18 Sell Gregory Rieveley Individual 27. Apr 18 07. May 18 -435,300 CA$0.36 CA$-149,441
30. Apr 18 Sell Gregory Rieveley Individual 24. Apr 18 24. Apr 18 -531,500 CA$0.38 CA$-195,665
23. Apr 18 Sell Gregory Rieveley Individual 17. Apr 18 17. Apr 18 -118,500 CA$0.39 CA$-46,215
11. Apr 18 Buy Stephen Flewelling Individual 09. Apr 18 09. Apr 18 75,700 CA$0.42 CA$31,794
11. Apr 18 Buy Gregory Rieveley Individual 09. Apr 18 09. Apr 18 75,300 CA$0.42 CA$31,626
X
Management checks
We assess Noront Resources'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. Noront Resources 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.

NOT News

Simply Wall St News

Those Who Purchased Noront Resources Shares Five Years Ago Have A 31% Loss To Show For It

Noront Resources 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 Noront Resources will find or develop a valuable new mine before too long. … But with the share price diving 7.1% per year, over 5 years, it's probably fair to say that some shareholders no longer believe the company will succeed.

Simply Wall St -

What Did Noront Resources Ltd's (CVE:NOT) CEO Take Home Last Year?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Who Are The Major Shareholders Of Noront Resources Ltd (CVE:NOT)?

I am going to take a deep dive into Noront Resources Ltd’s (CVE:NOT) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Is Noront Resources Ltd's (CVE:NOT) CEO Paid Enough To Stay Motivated?

Alan Coutts took the reins as CEO of Noront Resources Ltd's (TSXV:NOT) and grew market cap to CA$129.87M recently. … Earnings is a powerful indication of NOT's ability to invest shareholders' funds and generate returns. … Usually I would use earnings and market cap to account for variations in performance, however, NOT's negative earnings lower the usefulness of my formula.

Simply Wall St -

Does Noront Resources Ltd (CVE:NOT) Fall With The Market?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … A stock with a beta greater than one is expected to exhibit higher volatility resulting from market-wide shocks compared to one with a beta below one. … With a market cap of CA$123.77M, NOT falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

Simply Wall St -

Why Noront Resources Ltd's (CVE:NOT) Ownership Structure Is Important

Today, I will be analyzing Noront Resources Ltd’s (TSXV:NOT) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Another important group of owners for potential investors in NOT are private companies that hold a stake of 6.55% in NOT. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in NOT is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Basic Materials Stocks: Is Now The Time To Buy Noront Resources Ltd (CVE:NOT)?

Noront Resources Ltd (TSXV:NOT), a CA$123.07M small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … Below, I will examine the sector growth prospects, and also determine whether Noront Resources is a laggard or leader relative to its basic materials sector peers. … View our latest analysis for Noront Resources What’s the catalyst for Noront Resources's sector growth?

Simply Wall St -

Is Noront Resources Ltd's (CVE:NOT) CEO Paid At A Competitive Rate?

Check out our latest analysis for Noront Resources What has been the trend in NOT's earnings? … Earnings is a powerful indication of NOT's ability to invest shareholders' funds and generate returns. … Normally I'd use market cap and profit as factors determining performance, however, NOT's negative earnings lower the effectiveness of this method.

Simply Wall St -

What You Must Know About Noront Resources Ltd's (CVE:NOT) Risks

The second risk is market-wide, which arises from investing in the stock market. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … See our latest analysis for Noront Resources An interpretation of NOT's beta With a beta of 1.55, Noront Resources 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.

Simply Wall St -

NOT Company Info

Description

Noront Resources Ltd., a resource company, engages in the acquisition, development, and exploration of base and precious metals in Canada. The company explores for nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, silver, and palladium deposits. Its flagship property is the Eagle's Nest project located in the James Bay Lowlands, Ontario. The company was formerly known as White Wing Resources Inc. and changed its name to Noront Resources Ltd. in July 1983. Noront Resources Ltd. was incorporated in 1980 and is headquartered in Toronto, Canada.

Details
Name: Noront Resources Ltd.
NOT
Exchange: TSXV
Founded: 1980
CA$98,403,958
378,476,762
Website: http://norontresources.com
Address: Noront Resources Ltd.
212 King Street West,
Suite 501,
Toronto,
Ontario, M5H 1K5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV NOT Common Shares TSX Venture Exchange CA CAD 14. Sep 1988
OTCPK NOSO.F Common Shares Pink Sheets LLC US USD 14. Sep 1988
DB NQ1 Common Shares Deutsche Boerse AG DE EUR 14. Sep 1988
Number of employees
Current staff
Staff numbers
0
Noront Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:40
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.