Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Ontario and Quebec.
+ 1 more risk
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
3 weeks ago | Simply Wall StDo Insiders Own Lots Of Shares In Northern Shield Resources Inc. (CVE:NRN)?
2 months ago | Simply Wall StRussell Richards Is The Independent Chairman of the Board of Northern Shield Resources Inc. (CVE:NRN) And They Just Spent CA$109k On Shares
2 months ago | Simply Wall StOne Thing To Remember About The Northern Shield Resources Inc. (CVE:NRN) Share Price
Is Northern Shield Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Northern Shield Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of NRN’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.
- Northern Shield Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Northern Shield Resources performed over the past 5 years?
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
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.
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.
What is Northern Shield Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ian Bliss 0
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.
|Chief Financial Officer||14yrs||CA$54.00k||0.015% CA$3.0k|
|Company Secretary||8yrs||no data||no data|
|Consultant||0yrs||no data||no data|
|Consultant||0yrs||no data||no data|
|Technical Advisor||0yrs||CA$27.30k||no data|
|0yrs||no data||no data|
|0yrs||no data||no data|
Experienced Management: NRN's management team is seasoned and experienced (14 years average tenure).
|Independent Director||0.7yrs||no data||0.44% CA$89.4k|
|Director||8yrs||no data||no data|
|Independent Director||7.1yrs||no data||no data|
|Independent Chairman of the Board||2.7yrs||no data||6.53% CA$1.3m|
Experienced Board: NRN's board of directors are considered experienced (7.1 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Northern Shield Resources Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Northern Shield Resources Inc.
- 55 Metcalfe Street
- Suite 500
- K1P 6L5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRN||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jun 2003|
|N9S||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2003|
|NSHR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2003|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 01:08|
|End of Day Share Price||2020/02/21 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.