OTCPK:MDNG.F

Stock Analysis Report

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Executive Summary

Midnight Sun Mining Corp. acquires and explores for mineral properties in Africa.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Midnight Sun Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MDNG.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.0%

MDNG.F

0.8%

US Metals and Mining

2.9%

US Market


1 Year Return

n/a

MDNG.F

7.2%

US Metals and Mining

8.9%

US Market

Return vs Industry: Insufficient data to determine how MDNG.F performed against the US Metals and Mining industry.

Return vs Market: Insufficient data to determine how MDNG.F performed against the US Market.


Shareholder returns

MDNG.FIndustryMarket
7 Day9.0%0.8%2.9%
30 Day7.1%5.4%10.6%
90 Day42.2%5.1%5.1%
1 Yearn/a9.8%7.2%11.4%8.9%
3 Year-58.6%-58.6%4.5%-2.2%34.3%25.4%
5 Year5.0%5.0%23.5%13.0%60.7%42.7%

Price Volatility Vs. Market

How volatile is Midnight Sun Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Midnight Sun Mining undervalued compared to its fair value and its price relative to the market?

1.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MDNG.F is good value based on its PB Ratio (1.2x) compared to the US Metals and Mining industry average (1.4x).


Next Steps

Future Growth

How is Midnight Sun Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.4%

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 Midnight Sun Mining 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 Midnight Sun Mining performed over the past 5 years?

-21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MDNG.F is currently unprofitable.

Growing Profit Margin: MDNG.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MDNG.F is unprofitable, and losses have increased over the past 5 years at a rate of -21.5% per year.

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

Earnings vs Industry: MDNG.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).


Return on Equity

High ROE: MDNG.F has a negative Return on Equity (-1.96%), as it is currently unprofitable.


Next Steps

Financial Health

How is Midnight Sun Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MDNG.F's short term assets (CA$124.0K) do not cover its short term liabilities (CA$702.2K).

Long Term Liabilities: MDNG.F's short term assets (CA$124.0K) exceed its long term liabilities (CA$10.9K).


Debt to Equity History and Analysis

Debt Level: MDNG.F is debt free.

Reducing Debt: MDNG.F has no debt compared to 5 years ago when its debt to equity ratio was 0.07%.


Balance Sheet


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: MDNG.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MDNG.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Midnight Sun Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MDNG.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MDNG.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MDNG.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 MDNG.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?

2.8yrs

Average management tenure


CEO

Al Fabbro (62yo)

1.5yrs

Tenure

Mr. Allan John Fabbro, also known as Al, has been Director at ProAm Explorations Corporation since May 2020. Mr. Fabbro is a Self-Employed Consultant. He has been a Director of Winston Gold Mining Corp. si ...


Leadership Team

NamePositionTenureCompensationOwnership
Allan Fabbro
Acting CEO & Lead Director1.5yrsno data0.51% CA$52.5k
Wayne Moorhouse
CFO & COO8.08yrsno datano data
Robert Sibthorpe
VP, Exploration & Director10.08yrsCA$31.95kno data
Matt MacKenzie
VP of Corporate Development & Corporate Secretary2.83yrsno datano data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Management: MDNG.F's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Allan Fabbro
Acting CEO & Lead Director1.5yrsno data0.51% CA$52.5k
Robert Sibthorpe
VP, Exploration & Director10.08yrsCA$31.95kno data
R. Angus
Member of Advisory Board3.83yrsno datano data
Richard Mazur
Independent Director10.08yrsno data0.075% CA$7.8k
Brett Richards
Director2.83yrsno data3.8% CA$391.9k
Youwei Ye
Independent Director8.25yrsno data0.87% CA$89.6k

8.3yrs

Average Tenure

64yo

Average Age

Experienced Board: MDNG.F's board of directors are considered experienced (8.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MDNG.F 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 12.1%.


Top Shareholders

Company Information

Midnight Sun Mining Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Midnight Sun Mining Corp.
  • Ticker: MDNG.F
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$13.929m
  • Listing Market Cap: CA$10.301m
  • Shares outstanding: 99.49m
  • Website: https://www.midnightsunmining.com

Location

  • Midnight Sun Mining Corp.
  • 789 West Pender Street
  • Suite 770
  • Vancouver
  • British Columbia
  • V6C 2X1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMATSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2008
MDNG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2008

Biography

Midnight Sun Mining Corp. acquires and explores for mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It has 60% interest in the Solwezi licenses that cover 506 square kilometers in the prolific Zambia-Congo Copper Belt and are in the North-Western Province of Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 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 Analysis2020/06/05 04:55
End of Day Share Price2020/06/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.