TSXV:NRN

Stock Analysis Report

Northern Shield Resources

Executive Summary

Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Ontario and Quebec.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Northern Shield Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NRN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

NRN

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

45.5%

NRN

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: NRN exceeded the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: NRN exceeded the Canadian Market which returned 4.6% over the past year.


Shareholder returns

NRNIndustryMarket
7 Day0%4.7%0.2%
30 Day-11.1%5.2%0.5%
90 Day45.5%13.4%4.0%
1 Year45.5%45.5%5.5%4.8%7.9%4.6%
3 Year45.5%45.5%-2.8%-4.4%17.8%7.2%
5 Year220.0%220.0%25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

How volatile is Northern Shield Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Northern Shield Resources undervalued compared to its fair value and its price relative to the market?

9.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: NRN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: NRN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NRN is overvalued based on its PB Ratio (9.2x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Northern Shield Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.1%

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 Northern Shield 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Northern Shield Resources performed over the past 5 years?

34.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NRN is currently unprofitable.

Growing Profit Margin: NRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NRN is unprofitable, but has reduced losses over the past 5 years at a rate of 34.6% per year.

Accelerating Growth: Unable to compare NRN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NRN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: NRN has a negative Return on Equity (-65.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Northern Shield Resources's financial position?


Financial Position Analysis

Short Term Liabilities: NRN's short term assets (CA$136.1K) do not cover its short term liabilities (CA$284.7K).

Long Term Liabilities: NRN's short term assets (CA$136.1K) exceed its long term liabilities (CA$59.0K).


Debt to Equity History and Analysis

Debt Level: NRN is debt free.

Reducing Debt: NRN has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NRN's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NRN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NRN has less than a year of cash runway if free cash flow continues to grow at historical rates of 19% each year.


Next Steps

Dividend

What is Northern Shield Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate NRN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NRN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NRN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NRN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

14.0yrs

Average management tenure


CEO

Ian Bliss 0

16.8yrs

Tenure

CA$175,424

Compensation

Mr. Ian C. Bliss has been the Chief Executive Officer and President of Northern Shield Resources Inc. since May 30, 2003. Mr. Bliss has over 20 years experience in the mineral exploration industry having s ...


CEO Compensation Analysis

Compensation vs Market: Ian's total compensation ($USD132.28K) is about average for companies of similar size in the Canadian market ($USD154.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ian Bliss
President16.8yrsCA$175.42k2.35% CA$479.2k
Samuel Legg
Chief Financial Officer14yrsCA$54.00k0.015% CA$3.0k
James O'Sullivan
Company Secretary8yrsno datano data
Jacques Babineau
Consultant0yrsno datano data
Wolfgang Maier
Consultant0yrsno datano data
John Pedersen
Technical Advisor0yrsCA$27.30kno data
Ronald Little
0yrsno datano data
Peter Walker
0yrsno datano data

14.0yrs

Average Tenure

Experienced Management: NRN's management team is seasoned and experienced (14 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ian Bliss
President16.8yrsCA$175.42k2.35% CA$479.2k
Donald Bubar
Independent Director0.7yrsno data0.44% CA$89.4k
Marcus Archer
Director8yrsno datano data
Laurence Jobin-Bevans
Independent Director7.1yrsno datano data
Russell Richards
Independent Chairman of the Board2.7yrsno data6.53% CA$1.3m

7.1yrs

Average Tenure

Experienced Board: NRN's board of directors are considered experienced (7.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: NRN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Northern Shield Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Northern Shield Resources Inc.
  • Ticker: NRN
  • Exchange: TSXV
  • Founded: 1999
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$20.354m
  • Shares outstanding: 254.42m
  • Website: https://www.northern-shield.com

Location

  • Northern Shield Resources Inc.
  • 55 Metcalfe Street
  • Suite 500
  • Ottawa
  • Ontario
  • K1P 6L5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRNTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2003
N9SDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2003
NSHR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2003

Biography

Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Ontario and Quebec. The company principally explores for nickel, copper, gold, and platinum group elements. It holds 100% interests in the Huckleberry property with 179 claims located in north of Schefferville; and Idefix and Séquoi properties situated in Labrador Trough, Québec. Northern Shield Resources Inc. was founded in 1999 and is headquartered in Ottawa, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:08
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.