OTCPK:CORV.F

Stock Analysis Report

Executive Summary

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in Canada and the United States.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.1%

CORV.F

0.2%

US Metals and Mining

-4.2%

US Market


1 Year Return

10.9%

CORV.F

-3.3%

US Metals and Mining

14.0%

US Market

Return vs Industry: CORV.F exceeded the US Metals and Mining industry which returned -3.3% over the past year.

Return vs Market: CORV.F underperformed the US Market which returned 14% over the past year.


Shareholder returns

CORV.FIndustryMarket
7 Day-1.1%0.2%-4.2%
30 Day13.0%-3.2%-1.8%
90 Day30.3%-2.1%2.6%
1 Year10.9%10.9%-0.8%-3.3%16.3%14.0%
3 Year187.2%187.2%-1.5%-6.8%43.2%34.0%
5 Year179.7%179.7%20.3%11.0%65.9%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Corvus Gold undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CORV.F ($1.74) is trading below our estimate of fair value ($28.69)

Significantly Below Fair Value: CORV.F is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: CORV.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CORV.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CORV.F is overvalued based on its PB Ratio (10.3x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

12.7%

Forecasted Materials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CORV.F's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if CORV.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if CORV.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CORV.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CORV.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Corvus Gold performed over the past 5 years?

-2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CORV.F is currently unprofitable.

Growing Profit Margin: CORV.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CORV.F is unprofitable, and losses have increased over the past 5 years at a rate of -2.7% per year.

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

Earnings vs Industry: CORV.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-32.4%).


Return on Equity

High ROE: CORV.F has a negative Return on Equity (-43.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is Corvus Gold's financial position?


Financial Position Analysis

Short Term Liabilities: CORV.F's short term assets (CA$22.9M) exceed its short term liabilities (CA$242.7K).

Long Term Liabilities: CORV.F's short term assets (CA$22.9M) exceed its long term liabilities (CA$526.6K).


Debt to Equity History and Analysis

Debt Level: CORV.F is debt free.

Reducing Debt: CORV.F has no debt compared to 5 years ago when its debt to equity ratio was 3.3%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if CORV.F'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: CORV.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CORV.F has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 4.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Jeff Pontius (64yo)

9.5yrs

Tenure

CA$1,106,540

Compensation

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 Internationa ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD833.68K) is about average for companies of similar size in the US market ($USD1.11M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Pontius
President9.5yrsCA$1.11m2.86% CA$6.1m
Peggy Wu
Chief Financial Officer8.8yrsCA$254.60k0.26% CA$554.7k
Carl Brechtel
Chief Operating Officer7.8yrsCA$442.56k0.22% CA$474.5k
Catherine Gignac
0.9yrsCA$87.71kno data
Marla Ritchie
Corporate Secretary0yrsno datano data

8.3yrs

Average Tenure

58yo

Average Age

Experienced Management: CORV.F's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Pontius
President9.5yrsCA$1.11m2.86% CA$6.1m
Anton Drescher
Independent Director9.5yrsCA$124.61k0.84% CA$1.8m
Rowland Perkins
Independent Director9.5yrsCA$124.61k0.11% CA$232.9k
Edward Yarrow
Independent Director9.5yrsCA$118.11k0.18% CA$388.2k
Steven Aaker
Independent Director9.5yrsCA$117.11k0.35% CA$741.9k
Ronald Largent
Independent Chairman0.9yrsCA$71.83k0.060% CA$129.4k

9.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: CORV.F's board of directors are considered experienced (9.5 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 been diluted in the past year, with total shares outstanding growing by 7.4%.


Top Shareholders

Company Information

Corvus Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corvus Gold Inc.
  • Ticker: CORV.F
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$283.932m
  • Listing Market Cap: CA$213.919m
  • Shares outstanding: 123.99m
  • Website: https://www.corvusgold.com

Number of Employees


Location

  • Corvus Gold Inc.
  • 700 West Pender Street
  • Suite 1750
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KORTSX (The Toronto Stock Exchange)YesCommon SharesCACADAug 2010
1GLDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2010
CORV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2010
0UR5LSE (London Stock Exchange)YesCommon SharesGBCADAug 2010

Biography

Corvus Gold Inc. acquires, explores, and develops mineral properties primarily in Canada and the United States. Its principal mineral property is the North Bullfrog Project, a gold and silver mining project that consists of patented and unpatented mining claims covering an area of approximately 12,314 hectares located in northwestern Nye County, Nevada. The company was incorporated in 2010 and 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 Analysis2020/02/25 01:05
End of Day Share Price2020/02/24 00:00
Earnings2019/11/30
Annual Earnings2019/05/31


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.