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Midas Gold

DB:9MI
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9MI
DB
CA$214M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Midas Gold Corp., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The last earnings update was 100 days ago. More info.


Add to Portfolio Compare Print
  • Midas Gold has significant price volatility in the past 3 months.
9MI Share Price and Events
7 Day Returns
7.3%
DB:9MI
0.2%
DE Metals and Mining
2.2%
DE Market
1 Year Returns
26.3%
DB:9MI
-39.2%
DE Metals and Mining
-11%
DE Market
9MI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Midas Gold (9MI) 7.3% 2.4% 46.1% 26.3% 155.3% -5.5%
DE Metals and Mining 0.2% -9% -15.1% -39.2% 0.9% -23.5%
DE Market 2.2% 2.7% 1.6% -11% 13.6% 6.8%
1 Year Return vs Industry and Market
  • 9MI outperformed the Metals and Mining industry which returned -39.2% over the past year.
  • 9MI outperformed the Market in Germany which returned -11% over the past year.
Price Volatility
9MI
Industry
5yr Volatility vs Market

Value

 Is Midas 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
  • It is not possible to calculate the future cash flow value for Midas Gold. This is due to cash flow or dividend data being unavailable. The share price is €0.605.
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 Midas Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Midas Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9MI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.22
TSX:MAX Share Price ** TSX (2019-02-22) in CAD CA$0.91
TSX:MAX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.759 $0.69
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 14.76x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.09x

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

** Primary Listing of Midas Gold.

DB:9MI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MAX Share Price ÷ EPS (both in USD)

= 0.69 ÷ -0.22

-3.12x

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

  • Midas Gold is loss making, we can't compare its value to the DE Metals and Mining industry average.
  • Midas Gold is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Midas Gold's expected growth come at a high price?
Raw Data
DB:9MI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 57 Publicly-Listed Metals and Mining Companies 0.8x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.38x

*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 Midas Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Midas Gold's assets?
Raw Data
DB:9MI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.14
TSX:MAX Share Price * TSX (2019-02-22) in CAD CA$0.91
TSX:MAX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.759 $0.69
Germany Metals and Mining Industry PB Ratio Median Figure of 9 Publicly-Listed Metals and Mining Companies 2.62x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.8x
DB:9MI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MAX Share Price ÷ Book Value per Share (both in USD)

= 0.69 ÷ 0.14

5.01x

* Primary Listing of Midas Gold.

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

  • Midas Gold is overvalued based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Midas 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. Midas Gold has a total score of 0/6, 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 Midas 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
29%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Midas Gold expected to grow at an attractive rate?
  • Unable to compare Midas 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 Midas 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 Midas Gold's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:9MI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9MI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:9MI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9MI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2019-12-31 0 -32 -32 1
2018-12-31 0 -23 -46 1
DB:9MI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -26 -45
2018-06-30 -26 -45
2018-03-31 -24 -38
2017-12-31 -21 -8
2017-09-30 -18 -6
2017-06-30 -15 -4
2017-03-31 -13 -43
2016-12-31 -11 -46
2016-09-30 -9 -47
2016-06-30 -9 -49
2016-03-31 -10 -11
2015-12-31 -10 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Midas Gold is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if Midas 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:9MI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Midas Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9MI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 -0.13 -0.13 -0.13 1.00
2018-12-31 -0.20 -0.20 -0.20 1.00
DB:9MI Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.22
2018-06-30 -0.23
2018-03-31 -0.20
2017-12-31 -0.05
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.24
2016-12-31 -0.27
2016-09-30 -0.28
2016-06-30 -0.30
2016-03-31 -0.07
2015-12-31 -0.07

*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 Midas Gold will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Midas 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.
Midas 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 Midas 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 Midas 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.
  • Midas Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Midas Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Midas Gold's 1-year growth to the DE Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Midas 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 Midas Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9MI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -45.30 28.50
2018-06-30 -45.16 28.18
2018-03-31 -37.94 26.37
2017-12-31 -8.29 24.18
2017-09-30 -5.55 20.26
2017-06-30 -3.65 16.83
2017-03-31 -43.36 13.66
2016-12-31 -46.16 11.37
2016-09-30 -47.35 9.17
2016-06-30 -49.02 8.99
2016-03-31 -11.47 9.56
2015-12-31 -10.92 10.09
2015-09-30 -8.81 8.57
2015-06-30 -5.38 6.29
2015-03-31 -2.57 4.10
2014-12-31 -0.57 2.05
2014-09-30 -0.94 2.21
2014-06-30 -2.40 2.66
2014-03-31 -3.37 3.05
2013-12-31 -3.80 3.61
2013-09-30 -4.57 4.27
2013-06-30 -5.10 5.01
2013-03-31 -6.09 5.91
2012-12-31 -7.18 7.58
2012-09-30 -8.00 10.06
2012-06-30 -13.48 11.21
2012-03-31 -14.91 12.75

*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 Midas 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 Midas 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 Midas 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 Midas 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.
Midas 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 Midas 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 Midas Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Midas Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Midas Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Midas 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.
  • Debt is covered by short term assets, assets are 1.6x debt.
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 Midas Gold Company Filings, last reported 4 months ago.

DB:9MI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 32.38 24.05 37.17
2018-06-30 35.21 23.03 43.55
2018-03-31 4.94 22.90 11.97
2017-12-31 34.38 22.94 18.92
2017-09-30 38.11 22.46 25.26
2017-06-30 40.75 21.04 31.48
2017-03-31 37.77 19.99 33.01
2016-12-31 37.52 19.34 37.18
2016-09-30 37.21 19.28 40.03
2016-06-30 36.46 19.07 42.16
2016-03-31 76.29 18.47 44.63
2015-12-31 75.74 0.00 4.50
2015-09-30 212.60 0.00 6.90
2015-06-30 212.59 0.00 9.94
2015-03-31 207.48 0.19 6.98
2014-12-31 207.68 0.19 9.62
2014-09-30 207.95 0.19 13.20
2014-06-30 207.15 0.19 17.82
2014-03-31 207.01 0.38 21.68
2013-12-31 198.06 0.38 14.59
2013-09-30 198.68 0.38 22.39
2013-06-30 189.74 0.38 18.68
2013-03-31 189.97 0.57 9.90
2012-12-31 190.33 0.57 19.62
2012-09-30 190.19 0.57 32.40
2012-06-30 190.12 0.57 48.30
2012-03-31 190.56 0.74 61.86
  • Midas Gold's level of debt (74.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.2% vs 74.3% today).
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.

  • Midas Gold has sufficient cash runway for 1.4 years based on current free cash flow.
  • Midas Gold has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 38.4% each year.
X
Financial health checks
We assess Midas 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. Midas Gold has a total score of 3/6, 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 Midas 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 Midas Gold dividends. Estimated to be 0% next year.
If you bought €2,000 of Midas 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 Midas Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Midas 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:9MI 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 3.9%

Industry and Market average data is calculated daily.

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

DB:9MI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Midas Gold has not reported any payouts.
  • Unable to verify if Midas Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Midas Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Midas Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Midas Gold's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Midas 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 Midas Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Midas 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 Midas 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
Steve Quin
COMPENSATION $503,389
AGE 58
TENURE AS CEO 8 years
CEO Bio

Mr. Stephen Paul Quin, also known as Steve, is a mining geologist with over 30 years’ experience in the mining and exploration industry. He is based in Vancouver, Canada, and has been the President and CEO of Midas Gold Corp. and its predecessor since January 2011. Until December 2010, he was President and COO of Capstone Mining Corp. and President and CEO of its predecessor, Sherwood Mining Corp. from 2005 until the combination with Capstone in 2008. He has extensive experience in the resources sector, and in the financing, development and operation of production companies. He is a member of Chalice’s Audit and Remuneration Committees and has been a Director since 2010. He has been Director of Kutcho Copper Corp since December 8, 2017. Mr. Quin is a graduate of the Royal School of Mines, London, UK, with a B.Sc. (Honours) in Mining Geology.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Midas Gold management team in years:

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

Steve Quin

TITLE
President
COMPENSATION
$503K
AGE
58
TENURE
8 yrs

Darren Morgans

TITLE
Chief Financial Officer
COMPENSATION
$355K
AGE
43
TENURE
7.8 yrs

John Meyer

TITLE
Vice President of Development
COMPENSATION
$421K
TENURE
6.1 yrs

Liz Monger

TITLE
Manager of Investor Relations & Corporate Secretary
TENURE
7.7 yrs

Chris Dail

TITLE
Exploration Manager
COMPENSATION
$2M
TENURE
7.8 yrs

Rick Richins

TITLE
Consultant
Board of Directors Tenure

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

4.3
Average Tenure
58
Average Age
  • The tenure for the Midas Gold board of directors is about average.
Board of Directors

Peter Nixon

TITLE
Chairman
COMPENSATION
$88K
AGE
72
TENURE
7.8 yrs

Steve Quin

TITLE
President
COMPENSATION
$503K
AGE
58
TENURE
8 yrs

Donald Young

TITLE
Director
COMPENSATION
$79K
AGE
72
TENURE
7.8 yrs

Keith Allred

TITLE
Independent Director
COMPENSATION
$83K
AGE
53
TENURE
4.3 yrs

Marcelo Kim

TITLE
Director
AGE
31
TENURE
2.9 yrs

Javier Schiffrin

TITLE
Director
AGE
43
TENURE
0.9 yrs

Brad Doores

TITLE
Independent Director
AGE
67
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Jan 19 Buy Peter Nixon Individual 31. Dec 18 31. Dec 18 40,000 €0.46 €18,434
04. Jan 19 Sell Peter Nixon Individual 31. Dec 18 31. Dec 18 -40,000 €0.64 €-25,482
16. May 18 Buy Barrick Gold Corporation Company 16. May 18 16. May 18 46,551,731 €0.70 €32,672,467
16. May 18 Sell Stephen Quin Individual 14. May 18 14. May 18 -67,500 €0.77 €-51,748
12. Jun 18 Sell Donald Young Individual 12. Jun 18 12. Jun 18 -37,718 €0.71 €-26,601
08. Jun 18 Sell Donald Young Individual 08. Jun 18 08. Jun 18 -19,000 €0.72 €-13,417
07. Jun 18 Sell Donald Young Individual 05. Jun 18 07. Jun 18 -22,400 €0.71 €-15,776
24. May 18 Sell Donald Young Individual 24. May 18 24. May 18 -32,000 €0.75 €-23,501
18. May 18 Buy Donald Young Individual 18. May 18 18. May 18 40,000 €0.77 €30,619
X
Management checks
We assess Midas 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. Midas 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

Midas Gold Corp., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold, antimony, and silver deposits in the Stibnite-Yellow Pine district of central Idaho. The company’s principal asset is the Stibnite gold project, which includes Hangar Flats, West End, and Yellow Pine deposits comprising approximately 29,223 acres unpatented and patented claims located in Valley County, Idaho. Midas Gold Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.

Details
Name: Midas Gold Corp.
9MI
Exchange: DB
Founded: 2011
CA$142,947,701
234,792,688
Website: http://www.midasgoldcorp.com
Address: Midas Gold Corp.
999 West Hastings Street,
Suite 890,
Vancouver,
British Columbia, V6C 2W2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MAX Common Shares The Toronto Stock Exchange CA CAD 14. Jul 2011
OTCPK MDRP.F Common Shares Pink Sheets LLC US USD 14. Jul 2011
DB 9MI Common Shares Deutsche Boerse AG DE EUR 14. Jul 2011
BST 9MI Common Shares Boerse-Stuttgart DE EUR 14. Jul 2011
LSE 0V6R Common Shares London Stock Exchange GB CAD 14. Jul 2011
Number of employees
Current staff
Staff numbers
39
Midas Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 22:01
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/01/23
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.