OTCPK:NXXG.F

Stock Analysis Report

Executive Summary

Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa and Canada.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.7%

NXXG.F

1.8%

US Metals and Mining

-2.0%

US Market


1 Year Return

-62.3%

NXXG.F

-30.4%

US Metals and Mining

-15.1%

US Market

Return vs Industry: NXXG.F underperformed the US Metals and Mining industry which returned -30.4% over the past year.

Return vs Market: NXXG.F underperformed the US Market which returned -15.1% over the past year.


Shareholder returns

NXXG.FIndustryMarket
7 Day-3.7%1.8%-2.0%
30 Day-30.6%-22.0%-19.7%
90 Day-40.0%-30.6%-23.2%
1 Year-62.3%-62.3%-28.3%-30.4%-13.4%-15.1%
3 Year-98.4%-98.4%-24.6%-29.0%10.9%3.7%
5 Yearn/a-3.0%-11.0%28.4%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NXXG.F is good value based on its PB Ratio (0.6x) compared to the US Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Nexus Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.6%

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 Nexus Gold 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 Nexus Gold performed over the past 5 years?

-16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NXXG.F is currently unprofitable.

Growing Profit Margin: NXXG.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NXXG.F is unprofitable, and losses have increased over the past 5 years at a rate of -16.9% per year.

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

Earnings vs Industry: NXXG.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.3%).


Return on Equity

High ROE: NXXG.F has a negative Return on Equity (-46.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Nexus Gold's financial position?


Financial Position Analysis

Short Term Liabilities: NXXG.F's short term assets (CA$638.0K) exceed its short term liabilities (CA$461.2K).

Long Term Liabilities: NXXG.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NXXG.F is debt free.

Reducing Debt: NXXG.F has no debt compared to 5 years ago when its debt to equity ratio was 0%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NXXG.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: NXXG.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NXXG.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

4.4yrs

Average board tenure


CEO

Alex Klenman (56yo)

2s

Tenure

CA$176,340

Compensation

Mr. Alexander Klenman, Alex, served as Director at Black Tusk Resources Inc. since March 4, 2019 until March 2020. Mr. Klenman is an Independent Director of Blackhawk Resource Corp since December 20, 2019. ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD124.77K) is below average for companies of similar size in the US market ($USD618.59K).

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


Board Members

NamePositionTenureCompensationOwnership
Alexander Klenman
President2yrsCA$176.34k0.35% CA$12.4k
Warren Robb
Independent Director5.75yrsCA$187.34k1.62% CA$57.2k
Rodney Stevens
Independent Director3.08yrsno datano data
John Stalker
Independent Non-Executive Chairman1.08yrsno datano data

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: NXXG.F's board of directors are considered experienced (4.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: NXXG.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 substantially diluted in the past year, with total shares outstanding growing by 146.9%.


Top Shareholders

Company Information

Nexus Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nexus Gold Corp.
  • Ticker: NXXG.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$4.988m
  • Listing Market Cap: CA$3.530m
  • Shares outstanding: 124.71m
  • Website: https://www.nexusgoldcorp.com

Location

  • Nexus Gold Corp.
  • 700 West Pender Street
  • Suite 720
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NXSTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2014
NXXG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2014
N6E1DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2014

Biography

Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa and Canada. The company explores for gold, silver, and copper deposits. It holds interest in the Bouboulou gold concession covering an area of 38.8 square kilometers located to the north-west of the capital Ouagadougou; Rakounga gold concession that covers an area of 250-square kilometers in Burkina Faso, West Africa; and Niangouela gold concession totaling an area of 178 square kilometers located in Burkina Faso, West Africa. The company also holds interest in the New Pilot project covering an area of approximately 509 hectares in the Bridge River Mining Camp, British Columbia; the 1,348.5 hectare McKenzie gold project located in the Red Lake region of Northwestern Ontario; and the Gummy Bear Copper-Gold Project consist of 7 claims and covering an area of 2,525 hectares in Central Newfoundland, Canada. In addition, it holds interest in the Black Ridge Gold Project and the Bauline Epithermal Gold Project located in Newfoundland, Canada. The company 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 Analysis2020/04/04 01:58
End of Day Share Price2020/04/02 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


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.