Stock Analysis Report

Executive Summary

Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa and Canada.

Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Nexus Gold's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: NXS has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




CA Metals and Mining


CA Market

1 Year Return




CA Metals and Mining


CA Market

Return vs Industry: NXS underperformed the Canadian Metals and Mining industry which returned 4.7% over the past year.

Return vs Market: NXS underperformed the Canadian Market which returned 5.3% over the past year.

Shareholder returns

7 Day0%3.1%0.6%
30 Day0%3.5%1.0%
90 Day9.1%11.9%4.5%
1 Year-53.8%-53.8%5.4%4.7%8.6%5.3%
3 Year-98.2%-98.2%-4.3%-5.9%18.0%7.4%
5 Year-95.4%-95.4%24.6%21.0%34.4%14.9%

Price Volatility Vs. Market

How volatile is Nexus Gold's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Nexus Gold 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 NXS's fair value to establish if it is undervalued.

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

Price To Earnings Ratio

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

PE vs Market: NXS 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 NXS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: NXS is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.5x).

Next Steps

Future Growth

How is Nexus Gold 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 Nexus Gold 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 Nexus Gold performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NXS is currently unprofitable.

Growing Profit Margin: NXS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: NXS is unprofitable, and losses have increased over the past 5 years at a rate of -16.9% per year.

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

Earnings vs Industry: NXS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.7%).

Return on Equity

High ROE: NXS has a negative Return on Equity (-46.46%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Nexus Gold's financial position?

Financial Position Analysis

Short Term Liabilities: NXS's short term assets (CA$638.0K) exceed its short term liabilities (CA$461.2K).

Long Term Liabilities: NXS has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: NXS is debt free.

Reducing Debt: NXS has no debt compared to 5 years ago when its debt to equity ratio was 0%.

Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NXS'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: NXS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NXS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31.8% each year

Next Steps


What is Nexus Gold's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market


Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate NXS'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 NXS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NXS'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 NXS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.

Next Steps


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


Average board tenure


Alex Klenman (56yo)





Mr. Alexander Klenman, also known as Alex, is an Independent Director of Blackhawk Resource Corp since December 20, 2019. Mr. Klenman serves as Director at Manning Ventures Inc. since September 20, 2018 an ...

CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD132.97K) is about average for companies of similar size in the Canadian market ($USD154.33K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.

Board Members

Alexander Klenman
President1.8yrsCA$176.34k0.29% CA$20.3k
Warren Robb
Independent Director5.6yrsCA$187.34k1.76% CA$121.4k
Rodney Stevens
Independent Director2.9yrsno datano data
John Stalker
Independent Non-Executive Chairman0.9yrsno datano data


Average Tenure


Average Age

Experienced Board: NXS's board of directors are considered experienced (4.3 years average tenure).


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

Insider Trading Volume

Insider Buying: NXS 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 substantially diluted in the past year, with total shares outstanding growing by 146.9%.

Top Shareholders

Company Information

Nexus Gold Corp.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Nexus Gold Corp.
  • Ticker: NXS
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$6.906m
  • Shares outstanding: 115.10m
  • Website: https://www.nexusgoldcorp.com


  • Nexus Gold Corp.
  • 700 West Pender Street
  • Suite 720
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NXSTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2014
NXXG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2014
N6E1DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2014


Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa and Canada. The company explores for gold, silver, and copper deposits. It holds interest in the Bouboulou gold concession covering an area of 38.8 square kilometers located to the north-west of the capital Ouagadougou; Rakounga gold concession that covers an area of 250-square kilometers in Burkina Faso, West Africa; and Niangouela gold concession totaling an area of 178 square kilometers located in Burkina Faso, West Africa. The company also holds interest in the New Pilot project covering an area of approximately 509 hectares in the Bridge River Mining Camp, British Columbia; the 1,348.5 hectare McKenzie gold project located in the Red Lake region of Northwestern Ontario; and the Gummy Bear Copper-Gold Project consist of 7 claims and covering an area of 2,525 hectares in Central Newfoundland, Canada. In addition, it holds interest in the Black Ridge Gold Project and the Bauline Epithermal Gold Project located in Newfoundland, Canada. The company is headquartered in Vancouver, Canada. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 02:17
End of Day Share Price2020/02/20 00:00
Annual Earnings2019/01/31

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.