Austin Gold Corp. (AUST) AI Stock Analysis

• Market Cap: $19.85M
• Dividend Yield: N/A
• Average Volume (3M): 130.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: N/A
• EPS Growth: 55.44%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.04
• Shares Outstanding: 13,693,001
• 10 Day Avg. Volume: 86,250
• 30 Day Avg. Volume: 130,893
• PEG Ratio: 0.40
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.71
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -6.92K
• Enterprise Value/Ebitda: -10.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $1.50 ▼(-16.67% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held down primarily by weak fundamentals (no revenue, recurring losses, and ongoing cash burn), partially offset by the debt-free balance sheet. Technicals also remain bearish with the stock trading below key moving averages and negative MACD, while valuation signals are limited because the company is unprofitable and has no dividend.

Positive Factors

Debt-free balance sheet

A consistently debt-free balance sheet materially reduces financial risk and gives management flexibility to fund exploration through equity or cash without fixed interest burdens. This structural strength lowers bankruptcy risk and preserves strategic optionality during multi-year exploration cycles.

US$7.5M ATM equity facility

A committed ATM facility provides a structural, on-demand source of capital tailored to an exploration company’s intermittent funding needs. It increases the company’s ability to sustain multi-year drilling programs and advance targets without waiting for a single large financing window, supporting program continuity.

Legal & registration support for ATM

Incorporating the ATM into the registration with a legal opinion reduces execution and regulatory risk for future equity raises. This structural clarity improves access to capital markets and lowers the probability of failed issuance processes, important for ongoing funding of exploration activities.

Negative Factors

No revenue base

Lack of any revenue means the company cannot internally fund operations; exploration outcomes must convert to a resource or sale to change economics. Over months this structural revenue absence forces continual external financing and leaves margins and profitability unproven.

Persistent negative cash flow

Sustained negative operating and free cash flow indicates chronic cash burn to support exploration. This structural cash deficit increases financing dependency, heightens dilution risk, and can constrain the scale or timing of drilling programs if capital markets tighten over the next several months.

Auditor going-concern warning

An auditor’s going-concern paragraph is a formal structural red flag: it signals material uncertainty about survival absent additional financing. This raises lender and investor scrutiny, may hamper non-dilutive funding access, and increases the likelihood of dilutive equity raises in coming months.

Austin Gold Corp. Business Overview & Revenue Model

Company Description

Austin Gold Corp., a gold exploration company, focuses on the exploration and evaluation of mineral property interests in Nevada. The company's principal property the Kelly Creek Project with a mix of 6 patented mining claims and 1,600 unpatented mining claims covering an area of 136.8 square kilometers located in the Kelly Creek Basin, in southeastern Humboldt County, Nevada. Its other projects include the Fourmile Basin Project that comprises 312 unpatented lode mining claims covering approximately 6410 acres located in Nye County; the Lone Mountain Project consisting of 454 unpatented lode mining claims and 6 patented mining claims covering approximately 34.2 square kilometers located near Lone Mountain in Elko County; and the Miller Project with a total of 281 unpatented lode mining claims covering approximately 23.5 square kilometers in Elko County in Nevada. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.

How the Company Makes Money

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Austin Gold Corp. Financial Statement Overview

Summary

Exploration-stage profile with no revenue (2020–2025), persistent net losses, and negative operating/free cash flow each year. The key support is a debt-free balance sheet and positive equity, but ongoing cash burn implies reliance on external financing and potential dilution risk.

Income Statement

Austin Gold Corp. reports no revenue across 2020–2025, consistent with an exploration-stage profile. Losses remain persistent, with net income improving from a larger loss in 2024 to a smaller loss in 2025, but profitability is still firmly negative and driven by ongoing operating expenses. With no revenue base, margins are not meaningful and the path to self-sustaining earnings remains unproven.

Balance Sheet

The balance sheet shows no debt in each reported year, which meaningfully reduces financial risk and provides flexibility. Equity remains positive and sizable relative to assets, though it has fluctuated over time and returns on equity are consistently negative due to ongoing losses. Overall, the company appears solvent today, but continued losses could pressure equity over time if funding conditions tighten.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative in every year shown, indicating continued cash burn to fund operations and investment needs. Free cash flow improved in 2025 versus 2024, but it remains materially negative and the year-to-year trajectory has been volatile. The company’s ability to sustain activities likely depends on external financing until revenue-producing operations emerge.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-3.81K	-2.08K	-354.00	-527.00	-780.00
EBITDA	-2.43M	-3.41M	-2.24M	-1.72M	-288.49K
Net Income	-2.22M	-3.08M	-4.00M	-1.07M	-401.11K
Balance Sheet
Total Assets	11.52M	9.51M	12.01M	14.88M	2.59M
Cash, Cash Equivalents and Short-Term Investments	4.31M	5.30M	9.53M	12.28M	1.09M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	176.90K	228.70K	676.61K	97.83K	60.77K
Stockholders Equity	11.35M	9.28M	11.33M	14.78M	2.53M
Cash Flow
Free Cash Flow	-1.74M	-4.56M	-3.25M	-2.86M	-849.05K
Operating Cash Flow	-1.74M	-2.45M	-1.69M	-1.79M	-269.51K
Investing Cash Flow	1.53M	1.94M	1.96M	-12.52M	-541.55K
Financing Cash Flow	465.88K	0.00	0.00	13.85M	-23.00

Austin Gold Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUST, the sentiment is Negative. The current price of 1.8 is above the 20-day moving average (MA) of 1.77, below the 50-day MA of 1.86, and above the 200-day MA of 1.70, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 11.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AUST.

Austin Gold Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PZG	54 Neutral	$164.27M	-5.58	-44.50%	―	―	-35.79%
GORO	52 Neutral	$200.70M	-6.42	-159.65%	―	-15.35%	30.92%
AUST	44 Neutral	$19.85M	-6.04	-23.48%	―	―	55.44%

Austin Gold Corp. Corporate Events

Austin Gold Files 2025 Audited Results with Going-Concern Warning

Austin Gold Corp., a Vancouver-based junior gold exploration company that has yet to generate revenue, reported consolidated financial statements for the years ended December 31, 2025, 2024 and 2023, prepared under IFRS and audited by Manning Elliott LLP. The filings, submitted to the U.S. Securities and Exchange Commission on February 26, 2026 via Form 6-K, show an accumulated deficit of $11.7 million and a 2025 net loss of $1.6 million, prompting the auditor to include a going-concern warning that underscores the company’s dependence on further equity financing and highlights ongoing financial risk for shareholders.

The most recent analyst rating on (AUST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Austin Gold Corp. stock, see the AUST Stock Forecast page.

Austin Gold Launches US$7.5 Million At-the-Market Equity Program for Exploration Funding

On February 10, 2026, Austin Gold Corp. announced it had entered into an at-the-market offering agreement with H.C. Wainwright & Co. as lead manager and Roth Capital Partners as co-manager, enabling the company to sell up to US$7.5 million in common shares on the NYSE American and other U.S. markets at prevailing market prices. The company said it expects to use any net proceeds from this flexible equity facility to fund exploration across its Nevada and Oregon properties as well as for working capital and general corporate purposes, a move that could bolster its exploration pipeline but may also dilute existing shareholders depending on the timing and volume of share sales.

The most recent analyst rating on (AUST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Austin Gold Corp. stock, see the AUST Stock Forecast page.

Austin Gold Corp. Files Form 6-K to Support US$7.5 Million ATM Equity Program

On February 10, 2026, Austin Gold Corp. filed a Form 6-K with the U.S. Securities and Exchange Commission, incorporating an at-the-market (ATM) sales agreement and a related legal opinion into its existing Form F-3 shelf registration. The filing supports the company’s previously arranged U.S. ATM program of up to US$7.5 million in common shares, confirming that the shares have been duly authorized and will be validly issued as fully paid and non-assessable when sold, thereby reinforcing the legal and regulatory framework for ongoing equity raises under the program.

The opinion from British Columbia law firm DuMoulin Black LLP, dated February 10, 2026, affirms that Austin Gold’s common shares issued under the ATM agreement with H.C. Wainwright & Co. and Roth Capital Partners are properly authorized under Canadian law. By formally tying these exhibits into its U.S. registration statement, Austin Gold enhances execution certainty and compliance for its at-the-market offering, providing investors and counterparties with greater legal clarity around future share issuances.

The most recent analyst rating on (AUST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Austin Gold Corp. stock, see the AUST Stock Forecast page.