Executive Summary
Nevada Zinc Corporation, a mineral exploration company, primarily focuses on the acquisition, exploration, and development of mineral properties in Nevada, as well as in Yukon, Canada.
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
Share Price & News
How has Nevada Zinc's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NZN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.1%
NZN
2.4%
CA Metals and Mining
0.6%
CA Market
1 Year Return
-54.5%
NZN
4.4%
CA Metals and Mining
5.8%
CA Market
Return vs Industry: NZN underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.
Return vs Market: NZN underperformed the Canadian Market which returned 5.8% over the past year.
Shareholder returns
| NZN | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.1% | 2.4% | 0.6% |
| 30 Day | 42.9% | 1.2% | 0.5% |
| 90 Day | 25.0% | 6.6% | 3.6% |
| 1 Year | -54.5%-54.5% | 5.0%4.4% | 9.1%5.8% |
| 3 Year | -90.0%-90.0% | -10.4%-11.9% | 15.4%5.0% |
| 5 Year | -85.7%-85.7% | 22.9%19.2% | 33.6%14.0% |
Price Volatility Vs. Market
How volatile is Nevada Zinc's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Here's Why We're A Bit Worried About Nevada Zinc's (CVE:NZN) Cash Burn Situation2 months ago | Simply Wall St
Do Directors Own Nevada Zinc Corporation (CVE:NZN) Shares?6 months ago | Simply Wall St
The Nevada Zinc (CVE:NZN) Share Price Is Down 79% So Some Shareholders Are Rather UpsetValuation
Is Nevada Zinc undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Nevada Zinc is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Nevada Zinc 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.
Next Steps
- Take a look at our analysis of NZN’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.
- 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 Nevada Zinc regulatory filings.
- Explore potentially undervalued companies in the Materials industry.
Future Growth
How is Nevada Zinc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Nevada Zinc 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
- Take a look at our analysis of NZN’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.
- Nevada Zinc competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Nevada Zinc performed over the past 5 years?
-3.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZN is currently unprofitable.
Growing Profit Margin: NZN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NZN is unprofitable, and losses have increased over the past 5 years at a rate of -3% per year.
Accelerating Growth: Unable to compare NZN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NZN 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: NZN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Nevada Zinc's financial position?
Financial Position Analysis
Short Term Liabilities: NZN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NZN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NZN is debt free.
Reducing Debt: NZN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: NZN has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if NZN'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: NZN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NZN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -21.3% each year
Next Steps
Dividend
What is Nevada Zinc's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate NZN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NZN'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 NZN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NZN'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 NZN'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?
3.1yrs
Average board tenure
CEO
Duane Durham (67yo)
10.1yrs
Tenure
CA$60,000
Compensation
Mr. Robert Bruce Durham, also known as Duane, M.Sc., P.Geo., B.Sc. (Geology), serves as the President and Chief Executive Officer of Nevada Zinc Corporation since 2010. Mr. Durham has been Chief Operating ...
CEO Compensation Analysis
Compensation vs Market: Duane's total compensation ($USD45.28K) is below average for companies of similar size in the Canadian market ($USD155.16K).
Compensation vs Earnings: Duane's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.1yrs | CA$60.00k | 6.69% CA$248.9k | |
| CFO, Secretary & Director | 8.9yrs | CA$132.00k | 3.33% CA$123.9k | |
| Independent Director | 8.8yrs | no data | 0.40% CA$15.0k | |
| Independent Director | 2.5yrs | no data | no data | |
| Independent Director | 3.1yrs | no data | 1.2% CA$44.6k |
3.1yrs
Average Tenure
60.5yo
Average Age
Experienced Board: NZN's board of directors are considered experienced (3.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nevada Zinc Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nevada Zinc Corporation
- Ticker: NZN
- Exchange: TSXV
- Founded: 2010
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$3.720m
- Shares outstanding: 74.39m
- Website: https://www.nevadazinc.com
Location
- Nevada Zinc Corporation
- 141 Adelaide Street West
- Suite 1660
- Toronto
- Ontario
- M5H 3L5
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NZN | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Aug 2011 |
| GDSK.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Aug 2011 |
| 6GX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2011 |
Biography
Nevada Zinc Corporation, a mineral exploration company, primarily focuses on the acquisition, exploration, and development of mineral properties in Nevada, as well as in Yukon, Canada. The company explores for zinc and lead. Its flagship property is the 100% owned Lone Mountain zinc project, which includes 231 claims covering approximately 4,000 acres located near Eureka, Nevada. The company was formerly known as Goldspike Exploration Inc. and changed its name to Nevada Zinc Corporation in March 2015. Nevada Zinc Corporation was incorporated in 2010 and is based in Toronto, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:53 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.