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Corvus Gold

DB:1GL
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1GL
DB
CA$227M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in the United States. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Corvus Gold has significant price volatility in the past 3 months.
1GL Share Price and Events
7 Day Returns
-0.7%
DB:1GL
-4%
DE Metals and Mining
2.9%
DE Market
1 Year Returns
36.3%
DB:1GL
-40%
DE Metals and Mining
-12.1%
DE Market
1GL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corvus Gold (1GL) -0.7% -3.5% -11.5% 36.3% 235.7% 11%
DE Metals and Mining -4% -11.6% -15.5% -40% -2% -24.9%
DE Market 2.9% 0.8% 0.2% -12.1% 11.8% 4.9%
1 Year Return vs Industry and Market
  • 1GL outperformed the Metals and Mining industry which returned -40% over the past year.
  • 1GL outperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
1GL
Industry
5yr Volatility vs Market

Value

 Is Corvus Gold 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Corvus Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Corvus Gold.

DB:1GL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1GL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.116 (1 + (1- 26.5%) (0%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.116 * 9.77%)
11.14%

Discounted Cash Flow Calculation for DB:1GL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Corvus Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:1GL DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) -7.86 -7.86 -284.26 -246.27 212.21
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 11.14%)
-7.07 -6.36 -207.08 -161.42 125.16
Present value of next 5 years cash flows CA$-256.78
DB:1GL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$212.21 × (1 + 0.23%) ÷ (11.14% – 0.23%)
CA$1,949.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$1,949.66 ÷ (1 + 11.14%)5
CA$1,149.90
DB:1GL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$-256.78 + CA$1,149.90
CA$893.12
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$893.12 / 110.85
CA$5.46
DB:1GL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1GL represents 0.67805x of TSX:KOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67805x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 8.06 x 0.67805
€5.46
Value per share (EUR) From above. €5.46
Current discount Discount to share price of €1.39
= -1 x (€1.39 - €5.46) / €5.46
74.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Corvus Gold is available for.
Intrinsic value
>50%
Share price is €1.39 vs Future cash flow value of €5.46
Current Discount Checks
For Corvus Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corvus Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Corvus Gold's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Corvus Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corvus Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1GL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-0.10
TSX:KOR Share Price ** TSX (2019-02-18) in CAD CA$2.05
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 14.68x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.16x

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

** Primary Listing of Corvus Gold.

DB:1GL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:KOR Share Price ÷ EPS (both in CAD)

= 2.05 ÷ -0.10

-21.09x

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

  • Corvus Gold is loss making, we can't compare its value to the DE Metals and Mining industry average.
  • Corvus Gold is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Corvus Gold's expected growth come at a high price?
Raw Data
DB:1GL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 58 Publicly-Listed Metals and Mining Companies 0.57x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.39x

*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 Corvus Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corvus Gold's assets?
Raw Data
DB:1GL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.10
TSX:KOR Share Price * TSX (2019-02-18) in CAD CA$2.05
Germany Metals and Mining Industry PB Ratio Median Figure of 10 Publicly-Listed Metals and Mining Companies 2.36x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
DB:1GL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:KOR Share Price ÷ Book Value per Share (both in CAD)

= 2.05 ÷ 0.10

20.83x

* Primary Listing of Corvus Gold.

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

  • Corvus Gold is overvalued based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Corvus Gold'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. Corvus Gold has a total score of 2/6, 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.

Future Performance

 How is Corvus Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
1.9%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Corvus Gold expected to grow at an attractive rate?
  • Unable to compare Corvus Gold's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Corvus Gold's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare Corvus Gold's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:1GL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1GL Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.9%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 20.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
DB:1GL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1GL Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-05-31 593 201 1
2022-05-31 276 43 1
2021-05-31 0 -5 1
2020-05-31 0 -9 1
2019-05-31 0 -8 -7 1
DB:1GL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 -9 -10
2018-08-31 -9 -10
2018-05-31 -8 -9
2018-02-28 -8 -9
2017-11-30 -7 -8
2017-08-31 -6 -7
2017-05-31 -6 -7
2017-02-28 -5 -6
2016-11-30 -5 -6
2016-08-31 -6 -7
2016-05-31 -6 -7
2016-02-29 -7 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corvus Gold is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if Corvus Gold 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
DB:1GL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Corvus Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1GL Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-05-31
2022-05-31
2021-05-31
2020-05-31 -0.09 -0.09 -0.10 3.00
2019-05-31 -0.09 -0.07 -0.10 4.00
DB:1GL Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -0.10
2018-08-31 -0.10
2018-05-31 -0.09
2018-02-28 -0.09
2017-11-30 -0.08
2017-08-31 -0.07
2017-05-31 -0.07
2017-02-28 -0.07
2016-11-30 -0.07
2016-08-31 -0.08
2016-05-31 -0.09
2016-02-29 -0.10

*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 Corvus Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Corvus Gold'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Corvus Gold 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.

Past Performance

  How has Corvus Gold 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 Corvus Gold'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.
  • Corvus Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Corvus Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Corvus Gold's 1-year growth to the DE Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Corvus Gold'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 Corvus Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1GL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -10.23 9.05
2018-08-31 -10.11 9.20
2018-05-31 -9.30 8.26
2018-02-28 -9.01 8.02
2017-11-30 -8.08 7.15
2017-08-31 -6.85 5.92
2017-05-31 -6.73 5.94
2017-02-28 -6.28 5.54
2016-11-30 -5.82 5.18
2016-08-31 -7.12 5.80
2016-05-31 -7.43 6.24
2016-02-29 -8.36 7.11
2015-11-30 -8.97 7.54
2015-08-31 -9.77 9.04
2015-05-31 -10.58 9.63
2015-02-28 -11.86 10.45
2014-11-30 -10.80 11.29
2014-08-31 -10.87 11.26
2014-05-31 -11.66 12.12
2014-02-28 -9.34 10.01
2013-11-30 -9.62 8.47
2013-08-31 -7.88 6.75
2013-05-31 -5.07 4.05
2013-02-28 -4.48 3.80
2012-11-30 -3.84 3.31
2012-08-31 -2.66 2.22
2012-05-31 -2.53 2.09
2012-02-29 -2.10 1.74

*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 Corvus Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Corvus Gold has efficiently used its assets last year compared to the DE Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Corvus Gold 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 Corvus Gold'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.
Corvus Gold 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.

Health

 How is Corvus Gold'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 Corvus Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corvus Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corvus Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Corvus Gold'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.
  • Corvus Gold has no debt, it does not need to be 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 Corvus Gold Company Filings, last reported 2 months ago.

DB:1GL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 10.83 0.00 5.93
2018-08-31 9.74 0.00 4.78
2018-05-31 7.49 0.00 2.61
2018-02-28 9.45 0.00 4.57
2017-11-30 11.09 0.00 6.28
2017-08-31 9.24 0.00 4.44
2017-05-31 5.53 0.00 1.30
2017-02-28 7.20 0.00 2.98
2016-11-30 9.12 0.00 5.03
2016-08-31 10.17 0.00 6.04
2016-05-31 8.79 0.00 4.78
2016-02-29 6.70 0.00 1.90
2015-11-30 7.96 0.32 3.84
2015-08-31 8.34 0.32 3.64
2015-05-31 9.55 0.30 5.16
2015-02-28 11.58 0.30 7.08
2014-11-30 8.41 0.27 4.57
2014-08-31 11.22 0.26 6.75
2014-05-31 7.39 0.26 3.38
2014-02-28 39.39 0.27 5.89
2013-11-30 40.70 0.25 7.28
2013-08-31 35.89 0.25 5.18
2013-05-31 35.90 0.25 7.87
2013-02-28 29.48 0.00 3.79
2012-11-30 29.07 0.00 6.38
2012-08-31 25.20 0.00 5.65
2012-05-31 25.17 0.00 6.80
2012-02-29 19.49 0.00 3.38
  • Corvus Gold has no debt.
  • Corvus Gold has no debt compared to 5 years ago when it was 0.6%.
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.

  • Corvus Gold has less than a year of cash runway based on current free cash flow.
  • Corvus Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.2% each year.
X
Financial health checks
We assess Corvus Gold'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. Corvus Gold has a total score of 4/6, 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.

Dividends

 What is Corvus Gold'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 Corvus Gold dividends.
If you bought €2,000 of Corvus Gold shares you are expected to receive €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 Corvus Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Corvus Gold'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
DB:1GL 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 1 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1GL Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-05-31
2022-05-31
2021-05-31
2020-05-31
2019-05-31

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

  • Unable to perform a dividend volatility check as Corvus Gold has not reported any payouts.
  • Unable to verify if Corvus Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Corvus Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Corvus Gold 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 Corvus Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Corvus Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corvus Gold 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.

Management

 What is the CEO of Corvus Gold'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
Jeff Pontius
COMPENSATION CA$744,722
AGE 63
TENURE AS CEO 8.5 years
CEO Bio

Mr. Jeffrey A. Pontius, also known as Jeff, MSc, BSc, has been the Chief Executive Officer since August 25, 2010 and serves as president since June 2015 at Corvus Gold Inc. Mr. Pontius founded International Tower Hill Mines Ltd. in 2006 and served as its Consultant since June 6, 2013. He served as Interim Chief Executive Officer of International Tower Hill Mines Ltd. from June 29, 2012 to September 19, 2012. He served as the Chief Executive Officer of International Tower Hill Mines Ltd. from September 22, 2006 to June 1, 2011. He served as the President of International Tower Hill Mines Ltd. from September 22, 2006 to December 8, 2010, where he led the team that discovered the Livengood Gold Deposit in Alaska, which has a current resource of over 20 million ounces of gold and continues to expand. With over 30 years geological experience, he has a distinguished track record of successful discovery which includes four precious metal deposits in North America. He led the discovery work on two Nevada Gold Deposits in 1980 and the discovery of the Livengood Gold Deposit in Alaska. Mr. Pontius served as Exploration Manager of Pikes Peak Mining Company and Independence Mining Company from 1989 to 1996. He managed the large district scale exploration program resulting in the discovery of the Cresson Deposit at Cripple Creek, Colorado, containing over 5 million ounces of gold. He spent seven years at AngloGold Ashanti (USA) Exploration Inc., starting as Senior U.S. Exploration Manager. He served as US and North American Exploration Manager of Anglo American (USA) Exploration Inc. since 1999. Mr. Pontius served as a Member of the regional business development team and provided technical and strategic support for AngloGold Ashanti's acquisition program. He served as the Chairman of Corvus Gold Inc. He has been Independent Director of Lithium One Inc. since April 2009. He has been a Director of Corvus Gold Inc. since August 25, 2010. He serves as a Member of the Technical Advisory Board at Central Resources Corp. He served as a Director of International Tower Hill Mines Ltd. from June 1, 2011 to June 6, 2013 and Abzu Gold Ltd from February 17, 2011 to October 31, 2012. Mr. Pontius served as a Director of Wealth Minerals Ltd. from December 5, 2006 to October 31, 2012. He served as Director of Spanish Mountain Gold Ltd from November 1, 2006 to September 2009 and Anglo American (USA) Exploration Inc. since 1999. He served as a Director of Dorato Resources Inc. from April 24, 2008 to February 13, 2009 and served as Independent Director of Comstock Mining, Inc. from January 27, 2009 to March 5, 2009 and Redstar Gold Corp. since September 7, 2011. Mr. Pontius holds a Masters Degree in Economic Geology from the University of Idaho, a BSc in Environmental Science from Huxley College of Environmental Studies and a BSc. degree in Geology from Western Washington University.

CEO Compensation
  • Jeff's compensation has increased whilst company is loss making.
  • Jeff's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Corvus Gold management team in years:

7.8
Average Tenure
59
Average Age
  • The average tenure for the Corvus Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Pontius

TITLE
President
COMPENSATION
CA$745K
AGE
63
TENURE
8.5 yrs

Peggy Wu

TITLE
Chief Financial Officer
COMPENSATION
CA$192K
AGE
36
TENURE
7.8 yrs

Carl Brechtel

TITLE
Chief Operating Officer
COMPENSATION
CA$364K
AGE
68
TENURE
6.8 yrs

Marla Ritchie

TITLE
Corporate Secretary
AGE
55
Board of Directors Tenure

Average tenure and age of the Corvus Gold board of directors in years:

8.5
Average Tenure
63.5
Average Age
  • The tenure for the Corvus Gold board of directors is about average.
Board of Directors

Catherine Gignac

TITLE
Chairman
COMPENSATION
CA$77K
AGE
57
TENURE
4.3 yrs

Jeff Pontius

TITLE
President
COMPENSATION
CA$745K
AGE
63
TENURE
8.5 yrs

Tony Drescher

TITLE
Director
COMPENSATION
CA$77K
AGE
61
TENURE
8.5 yrs

Rowland Perkins

TITLE
Independent Director
COMPENSATION
CA$77K
AGE
64
TENURE
8.5 yrs

Steve Aaker

TITLE
Director
COMPENSATION
CA$71K
AGE
67
TENURE
8.5 yrs

Ed Yarrow

TITLE
Director
COMPENSATION
CA$69K
AGE
70
TENURE
8.5 yrs
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 (€) Value (€)
21. Dec 18 Buy AngloGold Ashanti Limited Company 20. Dec 18 20. Dec 18 800,000 €1.68 €1,347,678
03. Jul 18 Buy AngloGold Ashanti Limited Company 29. Jun 18 29. Jun 18 682,000 €1.55 €1,053,936
08. Jun 18 Buy AngloGold Ashanti Limited Company 06. Jun 18 06. Jun 18 1,730,770 €1.71 €2,961,183
X
Management checks
We assess Corvus Gold'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. Corvus Gold 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.

News

Simply Wall St News

Company Info

Map
Description

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in the United States. Its principal mineral property is the North Bullfrog Project, a gold-silver mining project that consists of patented and unpatented mining claims covering an area of approximately 7,223 hectares located in northwestern Nye County, Nevada. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Details
Name: Corvus Gold Inc.
1GL
Exchange: DB
Founded: 2010
CA$151,741,508
110,847,875
Website: http://www.corvusgold.com
Address: Corvus Gold Inc.
700 West Pender Street,
Suite 1750,
Vancouver,
British Columbia, V6C 1G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX KOR Common Shares The Toronto Stock Exchange CA CAD 27. Aug 2010
OTCPK CORV.F Common Shares Pink Sheets LLC US USD 27. Aug 2010
DB 1GL Common Shares Deutsche Boerse AG DE EUR 27. Aug 2010
LSE 0UR5 Common Shares London Stock Exchange GB CAD 27. Aug 2010
Number of employees
Current staff
Staff numbers
2
Corvus Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 22:30
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/01/29
Last earnings filing: 2019/01/10
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


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.